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Hi Dougerboy
Have asked the question, so let's see if it is covered during the Q & A.
Looking forward to see what transpires from the AGM.
MM's busy trying to position themselves, accumulating some shares by taking out a load of stop losses no doubt, just sitting tight, may add some more if the price is right.
ATB
AJP
AJP08
Totally agree with you but guarantee if it’s past the thoughts of people on here you’ll be more than guarantee that the business people at the top will have discussed it aswell...fingers crossed
Thanks Dougerboy
Not sure what the costs would be to set this up, but think it would make sense to have a presence in Europe to supply our customers directly, cut down on delivery costs and improve our delivery times, plus it means not all our eggs are in one basket.
Thoughts?
ATB
AJP
AJP I would submit that question. It’s a good one.
Excellent question Dougerboy.
Was thinking about the possible/probable expansion and adding further capacity in-house, what is everyones thoughts on having another outlet with capacity situated in Europe, would this be beneficial or just a pipe dream.
ATB
AJP
Just put in my question:
“ Hello John, I am a long term holder and wanted to ask where/how the recent capital raise will be deployed and looking much further out do you see the bulk of company revenues coming from own production or licencing deals/royalties?”
@AJP as always an excellent post based on logical information
Hi EOB
These figures are based on what we achieved over the last few years as regards splits
2019
1st half $0.45 mill approximation
2nd half $ 0.85 mill approximation
2020
1st half $1.1 mill
2nd half $2.3 mill
2021
1st half $1.54 mill plus (projected by me) 40% up over same period last year approx
2nd half $4.14 mill plus (projected by me) based on 80% increase on previous year
These are what I would hope we should achieve, based on what John advises us in the presentation and information readily available via research.
We have three major new releases to come in the second half, we have sticky recurring orders and new clients taking up our ingredients to improve in the green quality of their products they supply and this is just on the detergent front, we have a world starting to come out of covid and start going out again, which should have a positive effect on deodorants, hairspray, waxes etc nappies, feminine hygiene products etc etc etc as masks start being discarded and make up is more widely used via our partner Nouryon, we have income from Solvay who produce products under licence (teeth whitening pcp products, EurecoTM RP103.), we have potential through our input on the paint front and input on biodegradable plastics, still thing we have a connection via Polimex Group on this front, basically I do lots of research into ITX and the ingredients it produces. There are many products that contain ITX ingredients which we are totally unaware of.
As indicated the nature of the business means that we have a stronger 2nd half than 1st, supply is not my opinion, fact as supplied by ITX. Also demonstrated by the results over the last few years
I know that I tend to put a positive slant on ITX, but with respect, your posts tend to have a very negative slant. So easy to make a negative statement without any substance to it either. Striking a balance can be difficult
I look at it, why would an institutional investor stick close to £1 mill into a company at 12.1 pence if it did not think it was going to make money, I am sure they have a better insight than any of us.
PDYOR
These are only what I feel is achievable and only time will tell.
Not intended to offend, but a topic to discuss
ATB
AJP
EyeOB I’m with you in a ramp being like a red flag - I love the positivity, the story, the strategy delivery, the making of product, the sales, and the rapid progress to break even BUT all of these belong on a realistic timeline, which is why I’ve said in the past my target is around 20/25p by end of 2022, which I think is realistic. If I’m blown out of the water before that, that’s fine too of course!
AJP - why would we “expect” growth of at least 80% in H2? It might well be and I hope you’re right but “expecting” it might be setting up for a disappointment?
As I said, without concrete markers, it really could be anything !!
Just trying to keep things real. Things get really rampy on here sometimes and it does my head in.
Hi EOB
Guess your glass must be half empty eh?
A lot of companies would give their back teeth to have a 40% plus increase in revenue for first six months and we would expect to double that at least in the second half, take it you have not watched the link to remind yourself of where we are and where we are going?
Let's see what July brings.
ATB
AJP
It is hugely unlikely we will be pleasantly surprised by the numbers for H1. How can the 6 month numbers differ muchly from the 5 month ones? H1 will be 40% or so up from 2020.
We move on.
H2 indicators (new / increased customers, orders, products / protected formulae ... or the disappointing opposite, who knows!) will be key from July onwards.
H2 might be another +40% ... or +10% causing mass grinding of teeth ... or +150% releasing all the “exponential” pratts again.
H1 us all but dead to us now. Long live H2. Unless it doesn’t ...
Totally think it is worth revisiting this, for those who are long term holders and for those who are potential new investors in ITX.
Think that we need to refresh ourselves in what lies ahead here and what was actually said during the presentation.
https://presentations.investormeetcompany.com/investor-meet-company/ITACONIX-PLC-Final-results-for-the-year-ended-31-December-2020?bmid=d5cf23a96f78
AGM next Thursday, but do not think there will be anything that will be earth shattering during this.
What will be interesting is the half year results, possibly due out 3rd week in July, think we may get a pleasant surprise with the numbers.
Has the SP been walked down to facilitate further investment by our new Institutional investor?
Will hold what I have and continue to add as funds become available.
AIMHO
AJB
AJP