Itaconix Plc Share Chat (ITX)

Hi Smart

You could be right on the transaction of shares from last week, but was just playing around with my trading platform and can buy 6000 @ 150p and can sell 10000 @ 147p MM's do not lose money eh, something afoot?

ATB

AJP

Current buy price is still 149p which makes me think this was brokers moving shares about getting ready for this week’s TU.

Upside vs Downside risk benefit now weighted firmly in favour of Upside. If the RNS is along the lines of what AJP has described then the share price could easily double within a week. We’ve seen that happen earlier this year.

If it’s a disappointing TU as I fear it could be just in terms of H1 revenue then the share price could fall further. However, there are now strong tail winds with interest rates falling and rotation into small caps so the effect would be less profound. It’s also about what the company forecasts moving forward that money markets are more interested in, so even if H1 is disappointing they may not care if H2 is still on track to deliver.

GLA and I will be hoping that AJP is correct and that my pessimism about H1 revenue is wrong.

Hi Elsol

I can only see what everyone else can see, I know what you are saying as regards both being the same date and exact same time, but also reported here (below), but in the correct chronological timescale.

https://www.londonstockexchange.com/stock/ITX/itaconix-plc/trade-recap

It does look strange and I am not really sure we will find out what exactly this represents, but let's hope that it is an investor taking a position , if this is the case then it has only been facilitated by those who have sold shares over the last period of time.

I may be in the wrong, but I still believe that there is a very bright future here and am willing to keep what I have accumulated, in the hope that I am right.

I guess we will just have to wait for the upcoming TU, good luck to all holders.

ATB

AJP

AJP are you sure its 2 trades since exact same time and volume. Odd glitch? If someone has been quietly accumulating on a big trade(s) its disgusting the SP has not appreciated in value. MMs playing the market to screw over multiple small sellers ! Rich get richer poor get poorer manipulation of the SP.

I hope so AJP. We’ve been in the starting blocks for a very long time. Time to fire the pistol.

Hi S

On the back of those late large reported trades on Friday, I was playing about on the HSD Trading platform earlier in the day and did a dummy trade to sell 5000 shares which they would readily have taken @ 143p so guess that there is definite movement afoot, could be a very interesting week ahead.

ATB

AJP

Interesting!! Could just be a balancing trade between brokers. Or it be something much more bullish.

Either way I’m glad to have skin in the game. Next week’s RNS will be an opportunity one way or the other. Finger on the trigger on remaining funds.

WOW !!!!!

I can see why the MM's were keen to buy and not shift the price.

Two trades from yesterday just posted, someone is not wondering, but buying big.

11-Jul-24 14:49:30 149.00 25,000 Unknown* 140.00 150.00 37.25k O

11-Jul-24 14:49:30 149.00 25,000 Unknown* 140.00 150.00 37.25k O

Let's see what next week brings.

ATB

AJP

Clueless The 10m raise was to help company value maximise all their portfolio opps and channels to market, partly through applied co-development with new customers and as we know potentially diversify way from that low profit merchandiser. Gives flexibility for new EU plant build expansion when needed or demanded and comfort to customers we are resilient to any unexpected bumps.

Thx AJP im surprised no dip in 2024 input vols to date, but maybe they are building some more stock as they mentioned H2 was back ended loaded from a sales perspective relative to H1. Lets wait and see summary half year results.

Hi DB

And the MM's appear to be very keen to build a war chest, there must be news out early next week?

Not getting any of mine !!!!

ATB

AJP

Good work AJP. They are also hiring for a nightshirt position: https://itaconix.bamboohr.com/careers/25

So the factory seems to be motoring along nicely (without too much of that low margin Business one hopes!)

Hi C

Begs the question, will there be movement in setting up an European facility in the not too distant future? They have the mandate from the last AGM to progress such a project? we appear to be selling more and more ingredients into Europe so from a cost perspective would that be more economic?

From what I can gleam we have taken in 160 metric tonnes so far this year which is more than any other year previously

16/06/2022 COHECTASE2035082 Itaconix 19800 20PKG

03/07/2022 KLSQTAOKW2204354 Itaconix 19800 20PKG

04/08/2022 EXDO62Y0220197 Itaconix 19800 20PKG

25/08/2022 EXDO62Y0220796 Itaconix 19800 20PKG

15/10/2022 KLSQTAOKW2208079 Itaconix 39600 40PKG

19/03/2023 TXSLQD2302Y376 Chemtan/Itaconix 19800 20PKG

19/03/2023 TXSLQD2302Y375 Chemtan/Itaconix 39600 40PKG

02/05/2023 UULNQD23030547 Chemtan 19800 20PKG

01/07/2023 TXSLQD2305Y361 Chemtan/Itaconix 59400 60PKG

09/02/2024 UULNQD23120454 Chemtan 39600 40PKG

15/02/2024 UULNQD24010550 Chemtan 39600 40PKG

20/02/2024 https://www.seair.co.in/us-import/product-itaconic-acid/i-chemtan-co-inc.aspx Chemtan 39600 40PKG

25/03/2024 https://www.seair.co.in/us-import/product-itaconic-acid/i-chemtan-co-inc.aspx Chemtan 39600 40PKG

Must be looking good for an update early next week, at least they were not looking to bury it on a Friday, which must be a good sign.

Guess it will arrive when they are good and ready to update us.

ATB

AJP

What exactly was the 10 million raise for? , And how are you hose imports of raw material shaping up lately