The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Tight spread bi buys this is being walked down people hang on to yours and top up where yo ucan becuase I certainly dont think we will be here for long the way theyre playing with this. IMHO DYOR..etc yakity yak....
I believe anything at this price is a gift. Investors would not have paid 12.1p a share in the recent placement if they didn’t believe they would get a significant return on this. In my head a significant return is 50 to 100%.
The best is yet to come folks.
Revenues in personal care applications for the first five months of 2021 were slightly less than the same period in 2020 as shipments in the last part of 2020 met customer needs during the lockdowns in North America and Europe. The Board expects there may be a period of variable order patterns as formulators return to work and consumers return to more normal buying behaviours as they emerge from the Covid-19 pandemic. personal care applications will continue to rise over the coming moths as normality resumes across the States.
The Company plans to extend the use of its VELAFRESH™ products into new hygiene opportunities and expand the potential for its VELASOFT™ product line into personal care applications. This is massive and should not be underestimated.
Applications development also continues for BIO*Asterix™ functional additives, with extended customer formulation timelines likely for the types of applications under evaluation. As above massive and not to be underestimated or ignored.
I've added some comments below to the 'trading update' which lacked any real information on it's most exciting developments, packaging and paints.
‘Strong revenue growth in odour control, continued growth in detergents, and a small decline in personal care combined for overall unaudited revenues to increase by 39% for the first five months of 2021 over the same period in 2020’ We already know, as stated by JS that the first half of any year within this market is the slowest part of the year. But yet we’re up 39%! In 2020 we were 33% up on the previous year(2019), the second half of the year was 250% up!
Product volumes in odour control applications are leading revenue growth in early 2021 based on several years of customer pipeline development and the emerging success of our latest odour control polymer launched in late 2019. Recurring orders are coming in North America, Europe, and Asia from the continued success of customer products. Advantages in fabric applications are also generating new orders from wider use in home and automotive care. The Company is working to expand its odour control offerings and applications to meet additional market needs. This is now going into pet products as well, which is a massive massive market!
Product volumes in detergent applications increased for the first five months of 2021 over the same period in 2020 despite order delays in North America from disruptions in the supply of other detergent ingredients. Brands and retailers are also adjusting inventories due to uncertainties about consumer buying as countries emerge from Covid-19 lockdowns. The main delay here is detergent companies not getting other ingredients, which will lead to larger orders in the middle and second half of the year.
Highlights for the current year include the launch of a new green dishwashing detergent by a leading North American brand, wider market penetration into North American retailers for detergents launched in 2020, growth in volumes for a green European detergent launched in 2019, and the first production run for a specialty European detergent brand. At least three additional detergent brands are expected to start using Itaconix® TSI™ by the end of 2021. Although the Company is seeing renewed evaluation activity as formulators return to work, the Board expects some continued delays in volumes for detergent applications as supply chains adjust to the end of lockdowns. Look at the work done by AJS, Parob and a few others with the list of known products ITX are involved in. The bigger ones are yet to be announced.
Very good morning Itacon are you thinking along the same lines as me, that the share price won’t stay @ these levels for long and that we’ll be updated with some mounts watering figures and positive news very soon?
For some amazing reason, despite a bit of abuse for some of what i've said on here (especially when i mentioned placing) i've been pretty accurate so far! Funny that.
For my next trick / prediction i would suggest you hold onto your hats!
So it appears that MMs can sell shares that they do not own , but a time delay to settle and hence price drops to fish for shares.
May be wrong but never understand how MMs work sort of black magic art.
Grace yes it strange how we look at the RNS wording and how everyone reads different , going to be a good week.
strange how we had no update on the other 75% invested in ITX in fund raise.
I’m really looking forward to the results, probably more so than the AGM, although I’m not expecting actual “surprises” at either. I just re-read the recent trading update though and there are indeed several hints at better news and times ahead in H2. Maybe the best surprise is just 6 months away.
With such a small market for ITX shares, there is bound to be volatility and it will only increase as the SP increases -
its the volatility that drives the SP in the short term and the reaction of just a few investors at the time.
@Eyesofblue I’ve just seen the one for
18-Jun-21 13:09:10 13.155 180,810 Buy* 23.79k
Mine still not on here reference
17 Jun 2021 BUY ITX LSE 209,994 12.38p £25,999.96
I am looking forward to seeing what the AGM brings this week but further more think Johns got a few surprises up his sleeve for results in July.
I would like to hope the previous RNS was delivered to keep the share price from soaring to fast, allowing the fund raiser to go through, then come results day BOOM hopefully some rewarding update?
Weird, it was there a minute ago I swear!! It appeared as an unknown then flipped to a buy. Then vanished. If it doesn’t come back again then I am officially a bloody ramper now. Oh dear!
18-Jun-21 13:09:10 13.155 180,810 Buy* 23.79k
Not absolutely massive, nor is it AUK’s “missing” trade but might explain today’s dip for the tree shake lovers out there?