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If we are starting to leverage Unilver's portfolio with our new 'free green' market messaging then that's great stuff indeed! 😀
We're finally seeing the reverse of what I've witnessed for the last year (or even 2!)
It's been soul destroying watching individual trades move the SP down day after day. A large sustained drop on minimal volume.
Today is good to see. Every meaningful buy - and it's impossible to buy in quantity so 2 or 3 thousand pounds worth is meaningful - sees the SP move up. Who knows where the ceiling is. A very long way north of here I feel.
Well the breather didn't last long, moving on up. ITX must be real fit ;-)
Hi all
Any significance here as TRESEMMÉ ULTRA HOLD SCULPTING GEL is a Unilever Product
ATB
AJP
SP taking a breather after the sharp rise. Perhaps consolidating for a few days before the next leg up
Just came across this one
https://www.tresemme.com/us/en/products/hair-gel/ultra-hold-sculpting-gel/
Looks like we are making inroads into the larger brands (larger GPM)
ATB
AJP
Hi
Looks like we have filled the Laboratory Technician position, excellent news allows us to proceed that bit faster on ingredient developments.
Down to three positions now left to fill.
https://www.indeed.com/cmp/Itaconix-Corporation
ATB
AJP
Hi W
From the latest RNS.
"Further details of FY23 trading and the outlook for 2024 will be provided when the Company announces FY23 results planned for early April 2024."
So for me we should see this either during the week beginning 1st April or the week beginning 8th April.
so 3/4 weeks away, not long.
ATB
AJP
Anyone hazard a guess when in April the results will be out, it just states April in the RNS, I’d like to see a 100% rise from here to then. Hopefully back to the highs of a few years ago, the SP doesn’t reflect what it should be considering the money they have in the bank and the % increase of profit.
Each small additional diversification news will drive the SP strongly because the reason folks got comfortable with 10-15p old money was due to this big upside on top of the solid recurring detergent platform .
Based on the trajectory, I agree. It should never have dropped below 300p (6p in old terms). That’s my first target as that should be the base line. I think anything between 400-600p (8-12p in old terms) would be fair value at present
12p in old money is where we should be, so 600p in today’s money. Thats what we have to look forward to :-) so continuing to hold fast.
Hi Elsol
Even more large delayed buys being posted now, as you say someone building a sizeable position here?
ATB
AJP
It could be that US investors buy in the UK?
Yes, ITX is a bright shining star in an otherwise dismal market spindok.
Poor old Endquest has taken a bit of a tax hammering from the politicians, and just at a time when they were starting to show good potential..
The only way is up, baby 😀
Nice to finally see a shift in confidence, think this will trend back up to the £5 area pretty quickly
I have lowered the periscope and am out on the conning tower! What a journey....Don't think I will move my profit to Enq.....
Hi Chilting
Have been watching this and there has been a very disappointing response from our US cousins, thought that this was the main reason for the consolidation?
Imagine where the SP will go if we see a positive uptick from the US Investors.
Broker not doing its job? or just takes time get the word out there?
Excellent progress being made, just need to get that information out to the wider audience.
ATB
AJP
ITX also traded on US market.
https://www.marketwatch.com/investing/stock/itxxf
Yeah, tried buying on 3 different platforms, none available
Hi Ricky
Maybe orders trying to be filled?
Trying to add a few more at the moment, but NT on HSD platform, so shares must be tight.
As you say way undervalued.
As we move upwards, at what point do you think they will consider, splitting the share?
£10 sounds good to me split by 4 take it back down to £2.5 and multiply our holdings by 4 times (wishful thinking, but you never know)
ATB
AJP
Is strange that lse shows the share price higher than the previous day before the markets open. I don't know if there are orders in the background doing this or of somebody is giving their prediction.
Anyway for a share like this market cap of 10x is normal so we should be at about 800 p on that scale.
I think people are getting the fact now that 2024F is already baked into the fundamentals of the business (quasi-zero delivery risk) since sticky customers are gaining market share/volumes and they cannot now easily reverse and switch out of ITX supply chain/branded technology now its out there in their product portfolios. So anyone valuing this baby needs to assume 2024F is reality now and it will breach profitablity thresholds soon its only a matter of time and volume dependent. My advice to you enjoy the reversal of share price fortune over time and don't sell your shares too cheaply since we are only at 4p old money pre consolidation now with bags of intrinsic value upside.
Good to see buying at 200p once again :o))
I could be wrong here but there maybe a private/corporate investor gently accumulating in the background - seems many very similar volume blocks/chunks being purchased in a continuous periodic trend gently soaking up sellers as the price rises.