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DD77' s comments earlier on this thread;
"I expect it to find a base at 6p and push on back to 8p in the short-medium term. If the forthcoming results are good and more revealing, then I expect the 10-12p to be reached, which I judge fair value"
Totally agree with you DD77, this is exactly the same value expectation I have given guarded RNS summary news release to help manage and smooth out the SP rise over time to be aligned and supported by the business growth fundamentals and to make sure medium to long term holders don't experience overdrive spikes that may create too much apparent volatility and fear of SP reversals
Seems to have been playing up all day Chili, but yes looks as though it closed at 6.25 (according to London Stock Exchange)
Has LSE crashed ? pretty sure we closed at 6.25
AJP. Nobody needs to silence their BB enthusiasm and I certainly did not mean that. I think we are all here for the mutual good and great opportunity in ITX. so let's keep adding good comments on here and company insights as we continue the journey forwards with this interesting Spec. Chemicals business....
Apologies Elsol
I will curb my enthusiasm for this stock.
Guess any statement posted can be con-screwed in one way or another, just that the majority of mine tend to be positive, as it is not that often you come across a stock like this.
Will take a break from posting and leave it to those who are better placed to comment.
ATB
Agreed Elsol, I was surprised by the size of the drop in recent days, but did expect a drop after the trading update which was underwhelming in nature (that doesn't necessarily mean results/developments are underwhelming). I expect it to find a base at 6p and push on back to 8p in the short-medium term. If the forthcoming results are good and more revealing, then I expect the 10-12p to be reached, which I judge fair value IMO
I do understand your words of caution about over hype from certain rampers here but equally ITX shareholders should be aware the stock could easily uplift materially quite a bit more in coming months since the original investment placed in the company to date is yet to be recovered eg. Original total investment at cost in the business and investment case to date I believe is well above the 25m GBP market cap. So unless the original professional investors at IPO totally screwed up their intrinsic valuation analysis that's where the SP will be trending now that the company is clearly becoming successful...for the avoidance of doubt that means the SP will be trending up but don't put all your eggs in one basket.
Just tried a10k sell and no problem, these are getting mopped up good and proper. My take is that when the nervous stop selling which may take a few days for what its worth I think it will move north smoothly possibly back to 8p in a week or so...There is a lot of obvious interest in this share.....All IMHO etc...
Good sensible post Ivor..
Just hope this board can continue in the right spirit, and hopefully we won’t get too many rampers/de-rampers spoiling what’s always been a nice decent board.
Just because it’s gone down in the past week, this was less than 2p only a couple of months back.
Regards
Flowkey 41
I reckon we are going to remain within a 5-6p band for some time to come. The shares were pushed by speculative buying to 8p but those punters have cleared off. We should remember that after the last market update in the autumn ITX shares fell because everyone was getting too optimistic. We need patience because it takes time to turn a struggling business round. When the year end figures come out they will look respectable but they will not cause a massive revaluation. What we know is that the products are being taken up by more and more companies, that the factory is running a night shift which is significant, that they focussing on wider sales having appointed a new sales director. In the long term, say 2-3 years, this will fly, but as always with turnaround situations we are going to need patience. Will we get back to 8p by the year end? Maybe, but not certain. An announcement of a deal with a major like Unilever would certainly do the trick!