Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
>Lots of larger trades being made, any suggestions?
The 180k sell today was to close the buy on Thursday (https://www.lse.co.uk/ShareChat.asp?ShareTicker=ITX&share=Itaconix-Plc&thread=F8256346-FBCF-49E6-888C-DE6FD1CD5197 ). Netting 1p in under a week was worth taking.
Hi All
Long may this upturn continue, as has been so eloquently put by Elsol, we were way in oversold territory.
Looks like the trade for circa 315,000 shares was also a buy, delayed from 8.20am
Lots of larger trades being made, any suggestions?
ATB
AJP
Great post Elsol. It is worth adding, the BoD performance based share bonus scheme expires end of this year and they are rewarded according to incremental revenue growth - so it’s in their interest (and ours) to really motor towards breakeven THIS year, NPD, customer orders & demand permitting, of course.
Elso was that not 2032 prediction , you are correct we had a mad ramp in share price now overdone.
To be fair 12 p would sit with now , hate to predict but the only way is up for next ten years or more.
That's the beauty of this company always adding clients , the only problem we will be targeted by another company and expect this to be when company are valued at £100 million and when we announce profit.
Do not wish this but fact of life.
Warning typo should say 4.25p at lowest SP not £4.25. :-)
The ITX bb is one of the best, no nonsense noise, no crazy predictions, very decent :)
Many thanks El: Don't understand much of it but I believe it reinforces my simple belief from c1.5p that there is a bit of science and entrepreneurial zeal here that makes sense to the common man (and his grandson who has also done nicely thank you). Your erudition is a fine example of a BB that can educate and entertain: as opposed to those who use the facility for propagating b&*&*lls. GLALTHs
I finally managed to review in detail the Finncap brokers note from their web site dated 10 Jan 22.
Looks quite diligently prepared and well thought through, not over-promising with a 12p target at the end of 2022 based on a mid-case forecast projection. I think the author/broker has been around a while because I recall his name in spec. chem and possibly some pharma broker notes quite a few years ago. He clearly describes the initial Covid related and new launch stock filling effects (high 2020A) that drove the SP up (16p) and then the over-correction in 2021 (to about 4.25p lowest in Dec 21 due to storm damage risk plus de-stocking issue). Illustratively, if you switch the revenues from 2020 & 2021 you get a pretty good view of the back out of the stock effect on revenue in my view year-on-year. The adjusted revenue numbers then flow as shown below, which to me gives an indication on the hypothetical revenue trajectory (2019A-23F Broker) and adjusted longer term % growth rates:
2019A – $1.3m (base year)
2020 Adj. Actual $2.5m (+92%)
2021 Adj. Actual $3.3m (+32%)
2022F $4.7m (+42%)
2023F $7.6m (+62%)
Where I am on value is that there was an overshoot (as we all know) based on 2020A excitement that drove the SP aggressively during H1 21. If this stock swing effect did not occur and you were to normalise/adjust 20/21, then it would have resulted in a much more leisurely share price appreciation over 2021 with no big sell off in H2. I think the lowest SP was reached of around £4.25 that represents the low resistance point (fear sell off / great uncertainty of manufacturing resilience / customer problems) from that creating the big under-shoot (storm damage etc).
Now that that supply de-stocking and manufacturing risk is behind us and the expectation is further growth (diversification and new existing client add-ons coming on stream) and miles of fairly clear road again for 2022/23 with the prospect of a double bagger in 11 months. My gut feel is that this is achievable. The sweetner for me is still the prospect of ‘silent’ on boarding of new contracts for completely new markets and new customers. That’s why I have gradually bought in and it’s a strong hold for me on fundamentals for the next few years and as it is a partial hedge from other non-green economic markets.
The key Broker comments for me are:
“We initiate coverage with a price target of 12p, founded on the confidence that over the next year the group will reach material commercial milestones that will act as catalysts to the shares”
“In the near term, ITX has a potential pipeline of $25m of projects” (obviously a current inside insight from Management to Finncap). Good luck all LTHs for 22/23 its looking good for growth.