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Share Price Information for Itaconix Plc (ITX)

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Share Price: 176.00
Bid: 172.00
Ask: 180.00
Change: 11.00 (6.67%)
Spread: 8.00 (4.651%)
Open: 165.00
High: 179.50
Low: 165.00
Prev. Close: 165.00
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AIM WINNERS & LOSERS: Itaconix rises on record revenue performance

Fri, 01st Jul 2022 11:25

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Itaconix PLC, up 28% at 5.70 pence, 12-month range 2.85p-12.80p. The US-based speciality polymer developer sees record performance in interim revenue, securing confidence in meeting market expectations for 2022. For the first half of 2022, Itaconix says it will achieve a record level in revenue, compared to the USD1.4 million achieved in the first half of 2021. Due to demand remaining strong, and a rise in new orders from existing and new customers in the cleaning sector, the group is in a strong position to meet market expectations for revenue in 2022. Itaconix adds its production capacity is sufficient to meet customer needs, while its supply chain for raw materials have improved in recent months.

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ADM Energy PLC, up 13% at 0.79p, 12-month range 0.56p-3.24p. The natural resource investor, which holds a 51% stake in KOHN (UK) Ltd, says Federal High Court of Nigeria has further adjourned legal proceedings over its Barracuda oil field until November 16. Back in November, KOHN was notified by Noble Hill-Network Ltd of a dispute regarding KONH's ownership of its 70% stake in NHNL. ADM and KONH instigated proceedings against NHNL at the Federal High Court of Nigeria, Lagos. Since then, the court has adjourned legal proceedings three times. On Friday, ADM says that the court has further adjourned legal proceedings over its Barracuda oil field until November 16.

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Live Co Group PLC, up 4.1% at 5.31p, 12-month range 2.86p-13.00p. The live events company says its its two-day Kpop.Flex festival in Frankfurt was a profitable success. Live Co sold 65,000 tickets at an average ticket price of EUR86. This was higher than the EUR70 per ticket previously guided by the company, meaning the event is expected to be profitable overall.

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AIM - LOSERS

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CVS Group PLC, down 3.9% at 1,591.00p, 12-month range 1,512.00p-2,835.00p. The veterinary services provider says it bought a veterinary centre and expects to take an impairment over its aborted Quality Pet Care deal. CVS bought OCVC Ltd, which trades as Old Courts Veterinary Centre, for GBP3 million. It is a veterinary practice in North Lincolnshire. In addition, CVS says it will recognise an impairment of around GBP12 million after the UK Competition & Markets Authority earlier this week said it will not progress a probe into CVS's purchase of Quality Pet Care Ltd after it agreed to offload the business in question.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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9 Jan 2020 10:06

Itaconix accelerates FY revenue growth

(Sharecast News) - Specialty polymers manufacturer Itaconix told investors on Thursday that revenue growth had accelerated in 2019 and said it now expects underlying losses to be in line with expectations.

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7 Jan 2020 08:29

Itaconix makes first delivery of 'Zinador 35L' to Croda

(Sharecast News) - Speciality polymers company Itaconix announced the delivery of the first order of 'ZINADOR 35L' to Croda on Tuesday.

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24 Oct 2019 16:23

Itaconix expands supply agreement with Croda

(Sharecast News) - Specialty polymers company Itaconix announced an expansion to its existing global supply agreement with Croda on Thursday, to include an additional polymeric zinc complex to the product line already supplied to Croda.

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23 Oct 2019 14:54

Itaconix launches 'Velafresh' odour control range

(Sharecast News) - Specialty polymers developer Itaconix introduced its new 'Velafresh' odour control product line for personal care at the Sepawa Home and Personal Care Conference in Berlin on Wednesday.

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18 Oct 2019 11:41

Itaconix warns on revenue after tough year

(Sharecast News) - Sustainable specialty polymers company Itaconix updated the market on its trading on Friday, reporting that revenues for the first three quarters of 2019 reached £0.7m, representing a 78% increase over the same period in 2018 and matching full-year revenues then of £0.7m.

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10 Sep 2019 11:47

Itaconix Hails Momentum Toward Profitability As Costs Down, Revenue Up

(Alliance News) - Itaconix PLC said Tuesday its interim loss narrowed as revenue increased and costs fell. The chemicals firm said momentum is building towards profitability.For the six to

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30 Aug 2019 11:01

Itaconix Promotes Finance Director Denenr To Chief Financial Officer

(Alliance News) - Itaconix PLC said Friday it has promoted Finance & Operations Director Laura Denner to the post of chief financial officer, effective from Sunday.Michael Norris, who a

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30 Aug 2019 10:13

Laura Denner elevated to CFO position at Itaconix

(Sharecast News) - Speciality polymers company Itaconix announced the promotion of Laura Denner from group director of finance and operations to chief financial officer on Friday, with effect from 1 September.

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6 Aug 2019 17:25

Jupiter Asset Management Sells Entire 13% Itaconix Stake

(Alliance News) - Itaconix PLC on Tuesday said Jupiter Asset Management Ltd cut its stake in the polymers company down to nothing from 14%.Jupiter Asset Management's prior stake was but

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5 Aug 2019 17:37

DIRECTOR DEALINGS: Itaconix Directors Purchase Shares

(Alliance News) - Itaconix PLC said Monday that several directors in the company have purchased shares in the company, all for 1.1 pence per share, in deals on Friday last week.Chair James

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17 Jul 2019 12:43

Itaconix Interim Loss Narrows On Double Digit Revenue Growth

(Alliance News) - Polymer maker Itaconix PLC said Wednesday that it is on-track to meet market expectations for 2019 following a strong first half performance.For the six months to the end

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9 Jul 2019 18:29

Jupiter Asset Management Builds Holding In Itaconix And NetScientific

(Alliance News) - Itaconix PLC on Tuesday said Jupiter Asset Management Ltd now holds 14% stake in the chemicals company.Prior to this transaction on Monday, Jupiter's holding, if any,

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27 Jun 2019 11:56

Itaconix 2018 Loss Narrows After Restructuring, Positioned For Growth

(Alliance News) - Itaconix PLC on Thursday said lower costs helped deliver a narrowed loss in 2018, while higher demand for detergent and personal care products boosted revenue.The company

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29 May 2019 16:02

Itaconix offloads stake in Danish nicotine gum firm

(Sharecast News) - Sustainable specialty polymers company Itaconix announced the sale of its holdings in privately-held Danish nicotine gum company Alkalon on Wednesday.

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29 May 2019 11:38

Itaconix Sells Minority Stake In Danish Firm For GBP242,000

LONDON (Alliance News) - Chemicals firm Itaconix PLC on Wednesday said it divested its minority stake in Alkalon AS, a Danish nicotine gum company, for cash proceeds of 22.49% stake in Alkalon was

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