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Looking at the buys/sells ratio and amounts over past two days and the unwarranted drop in SP, this should bounce nicely from here.
Should say major not amazon!!!
I still believe the ITX powerhouse products are detergents and think customers over ordered supply H2 last year to avoid stock out risks. So what you probably see here is a supply chain related short term effect that will correct in H2. I'm a LTH so just wait and will bounce bsck is my guess, especially if amazon client is unblinded..
Sorry... sentiment HAS gone at the moment.
Hmmmm... AIM up 1% and ITX down 2%. Sentiment hasn't certainly gone at the moment with a 37% drop in SP over the past month. Fingers crossed those that predict good things are correct.
What really contributed to the drop was the uncertainty with forward guidance and concern about rising costs. Both these things scare investors. As we know John is very cautious so I'm fairly confident that all will be well, but this has spooked the market here and sentiment has gone with it. I'm sure it will come back in due course, when hopefully things settle down and we get a more positive update
Hope you are right chilting, was the largest faller on the market yesterday, so clearly not just overall market sentiment. Fall did seem to be overdone, however the damage is done now and the causes have been well explained by the posters here.
So at 7p does this represent good value, my research does point to a yes at the current price.
Yesterday's fall was all about the market.
A few investors sold out early on creating the downside and then stop losses were taken out, accounting for the bigger drop.
The problem is that with small caps even a few trades can make a big difference - it has to be set up this way because if it wasn't the SP would never move.
And for those that are asking why did he reference the fact he compared HT1 2021 growth to HT2 growth of 2020, he's always done it. Look at older RNS and videos. There is no underlying reason. Take off your tinfoil hats.
I spent most of last night reading some of the posts on here, sad life i know. Everything stated within the RNS we knew already, and John has been clear for years that the first half of the year, for reasons unknown, is always the slow half within the industry. If you look back over the interviews and Q&A's he's done for a few years now, he's been very clear in stating that the first 6 months is always slow. What you need to concentrate on is even though it's the slow part of the year, we still had 26% growth. I would be more concerned if it was like for like with 2020.
Also look for smaller insights, 'strong product volumes in odour control applications with new and recurring orders spread across North America, Europe, and Asia' they are moving rapidly into the Asian market.
'The Company plans to add a new odour control product, expand into at least one new application' we all know they have been working hard on the bio plastics side and also paints.
The descaling element within the TSI is a major positive, 'sizeable revenue potential from current and new customer projects but expects order fluctuations to continue in the second half' he mentions based on previous years means a fluctuation upwards.
Previously mentioned and posted on here, you can search for imports into the US, and it's clear that ITX have been stock piling raw materials over the past 16 months. They used the fundraise to enable the raw materials level to be maintained.
A lot of people who bought in recent weeks and months are annoyed, that's fair enough, but you need to look at the bigger picture. They have continued to increase growth, through a pandemic.
HT1 2021 26% growth over similar period in 2020, and 36% decline over second half of 2020 (remember we were 155.6% up on full year results)
HT1 2020 80% growth over similar period in 2019, and 62% over second half of 2019
HT1 2019 33% growth over similar period in 2018, and 33% over second half of 2018
There are a lot of new investors and posters on here, some with very valid statements, some who have clearly done no research and don't even know if a member of the ITX senior staff is male or female.
I spent months researching the company before i bought in. I've been in this for sometime, i managed to average down in early 2020 and at the height of the SP a few months ago i was up over 3000%. I didn't sell. When it dropped, i didn't panic, i've done my research, i know the team, i communicate with them, i just topped up!
RESEARCH THE COMPANY!
Picking up on Hereshopin’s point about the strange timing of the two trading updates to supposedly benefit the new investor. What I find strange is that ITX must have known M6 was a soft month as they know their order cycles. So could it be that ITX got one over the new investor by releasing M1-M5 ahead of M6. However that doesn’t bode well for a good investor relationship so seems unlikely. However if you were the new investor at 12.1p a share I would imagine you were pretty annoyed yesterday! Unless they know something we don’t know and good news is round the corner. It just doesn’t add up right now and that gives me cause for optimism.
Today does validate the strategy of top slicing just to leave profit.
It makes a big drop slightly easier to endure.
Hopefully it won't take too long to regain lost ground.
ITX is a strong hold and I even took the opportunity to buy more today to top up my Mother's holding.
lmao this did not age well...
Thanks Dougerboy , correction I'm deep in this share but in profit.
I'm very long term , just disappointed in the words but then John Shaw does underplay which in some ways does impress me as we know were we stand.
Also which is strange on the green-economy-mark we have been changed to Plastic instead of materials , hence was given a lead on where to research dating back to a alliance in 2017.
Good Luck
Thordon what you have uncovered in all your research is invaluable. I thank you for it. It validates the company strategy - they are making and selling this BioPolymer stuff and are a world leader in Itaconic Acid based Polymers. I/we are in deep and we are feeling a bit ****ed off because the update - at this point in time - didn’t correlate with our expectation. Being honest we - and the short term market view - had hoped for a bit more. When petrochemical derived ingredients are BANNED in all manner of products, things will look even brighter than 2-3 years from now!
MMs triggered stop loses which not a true fan of , hence the large sell off but then buyers in plenty.
John Shaw needs lessons in writing scripts , terrible
Why compare H1 with H2 when every year H2 performs better , why not we have achieved a higher result compared to last years H1 results.
Raw materials - we have used our funds to increase stock due to uncertainty of shipping times , we are also seeking alternative suppliers
have to say not much different to what we heard last month , overreaction
Anyway there was some key notes repeated which John Shaw holding back on news , so add buy sell makes no difference to me too heavy in
Was given some news on plastic research direction so will follow that up
HH 20p by ‘23 for me!
Correct - 31.19%.
It certainly won’t be a 30% drop by close that’s for sure