RE: Half Year results presentation19 Sep 2023 09:41
Hi L
Are we not looking at a different situation here, are we comparing eggs with eggs?
A company producing say a widget is bringing a new item to the market place and if it takes off will sell multiples of this item, but then the demand will tail off as the market becomes saturated, in particular if this is not a consumable item.
With ITX we are not creating a new product per say but integrating our green chemistry to become a replacement item in a vast array of different products that are already established in the market place, consumable items that constantly need replaced, but to do so by the nature of chemical ingredients this takes time as there will be a lot of testing and conformities to pass by formulators before this can even be considered, not to mention any existing contracts that may have to be honoured with the company producing the ingredient we are replacing,.
Once all this has been successfully completed then this is when we see the sticky repeat revenues and exponential revenue increases as we become the must have ingredient, in my opinion this is where we are at the moment, on the launch pad ready for take-off.
Apologies for all the rubbish analogies.
Yes totally, patience is required, but what is the catalyst to start moving the SP North of where we are? Breakeven, large contract, influx of US investors, directors/Institutional Investors buying more shares etc
Fundamentally we are in the best place we have ever been financially and nobody invests circa £10.5 million without there being a very good case for doing so, the future looks very bright, let’s see how this all pans out over the next few months as the expected US base comes on board.
It’s a strong buy and hold from me
AIMHO
ATB
AJP
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