The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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More exposure, rubbing shoulders with the big boys.
Both Presenting and Exhibiting
April 28-May 1, 2024, Palais des congrès de Montréal, Montréal, Québec, Canada
https://annualmeeting.aocs.org
Come hear Yvon DURANT on the Performance and Environmental Fate of Polyitaconates AOCS Annual Meeting & Expo
https://annualmeeting.aocs.org/program/technical-program
ATB
AJP
From LinkedIn
BioEconomy Daily Digest recognized John R. Shaw for l outstanding Leadership contributions to the bioeconomy’s development and project deployment. The Bioeconomy 500 honors scientists, engineers, policy makers, financiers, project developers, feedstock pioneers, offtakers, advocates and supply-chain and distribution partners.
“The bioeconomy has grown leaps and bounds in the past 10 years,” said Digest editor Jim Lane, “and it is usually told as a story of technologies and Net Zero pledges — but it is individuals who actually translate opportunity into accomplishment, and the Bioeconomy will recognize those individuals who played the leading part. Congratulations to all the winners and the supporters who nominated and campaigned for them.”
ATB
AJP
Some decent incentive for the directors here. And they also bought of their own accord a wee while back. I wonder what price they might be tempted to exercise at?
Looks like someone has actually found ITX on the OTC, first trade for a while.
https://www.marketscreener.com/quote/stock/ITACONIX-PLC-120795916/quotes/
5072 shares @ $2.00
Directors buy or just a PI?
ATB
AJP
Further exposure, getting the message out there
https://youtu.be/tUThv9FsoXw
ATB
AJP
Sorry got overly excited with my yearly typos but you get my drift I'm sure
In all seriousness. Its going to be really interesting how clever marketing and brand differentiation themes take hold of ITX ingredients and mould them into new product segments in sustainable paints and leather areas. Maybe SI is quietly waiting in the wings to see how that goes in H2 before he jumps back in Jan 2024 or may he miss the boat somewhat time will tell. However John's wide smile kind of tells a story that makes me want to be in this today not 2024 or 2025
I can only assume market formulation testing will be getting a bigger ticket area for ITX in coming months and quarters given all the spec chem ingredient exposure here with early adopters keen to re-segment their markets with new ECO minded customer products being target groups. Eg. New Delux 'ECO Sustain' TM branded wall paints for a greener better world. Marketers dream. I always wanted to be a marketer myst be great fun!
Itaconix Launches Biobased Functional Additives for Decorative Paints :
https://coatings.specialchem.com/news/product-news/itaconix-biobased-functional-additives-decorative-paints-000221458
Great interview. Been invested a good while now bur one of the things I've struggled to get my head round is direct competitors. Great to hear Jon confirm that when it cones to non fossil ingredients, there isn't a competitor. That's very reassuring!
I still think we can expect future govt policy around micro plastics to give us a good knee up
(Accidentally posted too soon)
I presume the customer would just revert to the previous (pre-ITX) formulation, so wouldn't really take any time to change back.
Maybe the cost of old ingredients came down and used that as leverage against ITX?
I'm not holding my breath for the customer to come back, but I would like to see the lost low-margin profit replaced by higher margin beauty and hygiene sales.
I p
Justdeezerts commented -
"Apparently, our 'lost' customer will more than likely have to replace ITX product with petroleum-based alternatives - well, good luck with that!"
I guess this could take a while so they are probably still using ITX product and will very likely need more before they reformulate, therefore, the reduction in revenue may not be as much as forecast in 2024.
Bearded - Let’s see how well your post ages. Today’s rise on a bit of publicity won’t change the fundamentals for 2024.
No hidden agenda. I’ve made my intentions very clear.
I believe the time to buy will be next January before the H2 trading update. That’s the earliest we will get any insight into the expected improved margins because of the timing of the exit of the largest customer during H1.
I continue to maintain there will be share price drift downwards unless the company salvages a deal with its largest customer. The figures don’t lie!
Hi DB/Elsol
Spredsheet updated to show 160 metric Tonnes of raw material delivered this year so far.
https://www.seair.co.in/us-import/product-itaconic-acid/i-chemtan-co-inc/e-qingdao-kehai-biochemistry-co-limited.aspx
1 16/06/2022 COHECTASE2035082 Itaconix 19800 20PKG
2 03/07/2022 KLSQTAOKW2204354 Itaconix 19800 20PKG
3 04/08/2022 EXDO62Y0220197 Itaconix 19800 20PKG
4 25/08/2022 EXDO62Y0220796 Itaconix 19800 20PKG
5 15/10/2022 KLSQTAOKW2208079 Itaconix 39600 40PKG
6 19/03/2023 TXSLQD2302Y376 Chemtan/Itaconix 19800 20PKG
7 19/03/2023 TXSLQD2302Y375 Chemtan/Itaconix 39600 40PKG
8 02/05/2023 UULNQD23030547 Chemtan 19800 20PKG
9 01/07/2023 TXSLQD2305Y361 Chemtan/Itaconix 59400 60PKG
10 09/02/2024 UULNQD23120454 Chemtan 39600 40PKG
11 15/02/2024 UULNQD24010550 Chemtan 39600 40PKG
12 20/02/2024 https://www.seair.co.in/us-import/product-itaconic-acid/i-chemtan-co-inc.aspx Chemtan 39600 40PKG
13 25/03/2024 https://www.seair.co.in/us-import/product-itaconic-acid/i-chemtan-co-inc.aspx Chemtan 39600 40PKG
ATB
AJP
Good interview with Ian King on the Business Section - a great promotional opportunity, well taken!
Back to JS's presentation - I listened carefully to the explanation of the lost customer and it was interesting to hear that the breakdown in negotiations was NOT as a result of failing to agree a price increase, but related to ITX refusing to give away to this (greedy?) long-standing customer, all of the post-pandemic global cost savings attributable to ITX's unit cost.
Presumably the cost-savings demanded were more than the profit ITX had been making on the $2m contract - so JS walked away and good on him for holding his nerve.
Yes, a major set back in revenue streams and profitability by about 12 months, but rather have this pragmatic conclusion, instead of reporting results next year that we are selling volume product at a loss.
Apparently, our 'lost' customer will more than likely have to replace ITX product with petroleum-based alternatives - well, good luck with that!
We look forward to welcoming back this customer, next time with cap in hand - so, fingers crossed....
GLA and DYOR
WOW very surprised. Good to John. Brilliant exposure on mainstream Sky business news
Agreed BD.
Agendas hidden in plain sight. Lol.
And yet it's currently back up 17% this morning. Glad I bought at 135p yesterday rather than listen to so-called Smartinvestment calling out 110p .
High profile stuff
https://www.youtube.com/watch?v=iDWacMhmvps
10 minutes into the video.
Can only be good to have that level of exposure.
ATB
AJP
Also the crooked MM's and the way the small cap market is run, any weakness in share price is manipulated, mm's will be taking every opportunity to steal these cheap shares.
ATB
But's. Lol.
Good morning LTH's.
It's. Burt's and Maybe's?..?
My own personal opinion, is that the interview was one of the most honest ive seen .
I also believe that these guys would not let a large customer walk, if they either have them in a corner? Or they have someone more lucrative waiting in the background to take up the slack.
I see the share price as grossly oversold.
OIMHO.
ATB
Thanks for the acknowledgment Dougerboy. For those who have followed my posts here over the past 3 years you will know I am not a day trader and I am pro-Itaconix.
Unfortunately as soon as news of the loss of the largest customer dropped and the revised forecast income for 2024, I worked out that this put us back 1 year which was confirmed by their broker and in yesterdays presentation.
Unless they manage to renegotiate with their largest 2023 customer the share price will drift down to where we were at the start of the year. That means 110p to 120p. It’s even feasible we touch 100p. Ask yourself why invest now when we are months away from H2 trading update at the end of January 2025. Holding Itaconix shares during the next 8 months is like dead money unless they pull a rabbit out the hat.
SP. But forecast gross profits are looking above average for chem industry (premium) so all we need is enough volume at this profit level ( ie plant capacity utilisation needs to go up which looks highly probable given current trajectory of underlying growth). Funny thing is if tomorrow we re acquired this one marginal customer we lost; ITX investors would buy the stock back up to say 200p-250p; it doesn't make intuitive or logical sense that this marginal contract is worth that uplift in market cap. Its optical only at revenue comfort level.