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Would be nice but not sure we can get there.
Price is basically the same as yesterday though so dont let the 6% drop fool you.
Some nice buys popping up
any buy here today that will be only the traders looking for a quick buck .not ...investors
Bottom line is they need to stop losing more than they earn. I doubt a second bail out will come along if they run out of cash.
Not at all, to be fair I am in from higher at 2.4 as thought bargain then. Added again at 1.6 and also 1.4. But then I also sold at 7p so swings and roundabouts.
Long term this is a great share but also great to trade which I will do if given opportunity. My little comments make little difference to the share price I am just getting my enthusiasm out there :P
https://www.proactiveinvestors.co.uk/companies/news/905116/itaconix-says-project-delays-weigh-on-performance-but-remains-upbeat-on-prospects-905116.html
from Proactive.
Can see how cash position can be healthy when you state EBITDA will be c-£2m for year (albeit less than previous year).
Long term this is a great company , short term I think there may be pain.
Happy will be gone after today though - classic pump and dump tactics sir
700k share buy says it all, not punt money.
I agree these results were expected and priced in imo.
Upwards from here, still oversold but pushing up.
If you bought on a 7 million share purchase by someone else you will be disappointed to re-read and see it was a 700k share purchase.
The main point is that cash burn is under control so any fund raising is likely to be just to top up working capital ahead of anticipated commercialisation or we could see Nouryon or another customer take a small stake.
If an announcement is made like last time this could motor.
Thats what i like about ITX, moves very fast on good news and why I have been in and out of it.
"loss for the second half of the year will be broadly in line with the £1.0m loss for the first half of the year, which will be a substantial improvement over the £3.9m EBITDA loss for 2018. "
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This looks like they have opened a shop selling £10 notes for £5 notes. Lesson learned here. I should have punted them when they were ramped above the 3p recently.
yes company is moving forward but clearly Q4 will be poor and so cash position is now a massive concern. -£1m EBITDA is not good when you have limited cash in bank.
Great little company but needs to start generating cash.
On the positive big companies make decisions slowly so these things do happen. The products are great and that is not the issue
Revenues for the first three quarters of 2019 ended 30 September 2019 reached £0.7m, representing a 78% increase over revenues for the first three quarters of 2018 and matching full-year 2018 revenues of £0.7m. This growth demonstrates the value of the Company's products in detergents, personal care, and odour control. The Board expects second half revenues will exceed the first half of 2019. However, as a result of delays in certain customer projects, the Board believes that full-year revenues will be below current market expectations, but still represent a very significant increase over 2018 revenues.
I think it reads a lot better than a 30% drop and all these buys pushing us back up seem to agree.
This was 3p not long ago and 7p last year on RNS of new deal. Anything under 1.5 is a great investment imo.
Re read today’s announcement and it read better second time round.....
Also, revisited the interims to gauge the net asset situation. Cash is going to be tight but I guess we all knew that.
Easy decision - not selling
Hard decision - I’m not buying either
Just going to put the shares in my bottom draw and wait for some good news that aides the share price and or look to participate in any new funding.
Gla