Member Info for AJP08

Excellent Thordon

ATB
AJP

Excellent timing, for the top up Dougerboy, as I would expect news out at some point next week, an operational update full of good news would be great.
ATB
AJP

I would guess that if they are willing to buy that amount, then they will have a buyer for these as well or they know something, some positive news out of ITX will see a huge boost in the SP very quickly.
ATB
AJT

Could not resist as the price dipped below 5p added 42904 @ 4.99 will add more if at these prices as an absolute bargain.
Come on ITX give us an operational update showing that we are back at full production and are working flat out to meet customer requirements.
ATB
AJP

Guess if you look at it from the other side it only took circa 6 months to reach its highs from a similar SP that we are experiencing now.
As with any SP it needs a flow of positive news and the momentum of committed investors.
I for one have very high hopes for ITX, an update on resumption of full production would go a long way to restoring the kind of confidence/momentum we need to reverse the current trend.
Think that there are still a large amount of long term holders that are sitting on their hands waiting for this to happen.
The movement on SP has been on very small volume.
I remind myself of all the positives that were alluded to in the in the last presentation, but these now really need to be brought to fruition.
Guess at these prices this should be considered as a bargain basement price (a steal), as the potential is huge, just needs a bit of patience.
AIMHO
ATB
AJP

Hi
Would hope that now "Thanks Giving" is out of the way that we will start to see a flow of information coming out from ITX , starting next week would be good, hopefully an update to say that the remedial works have been carried out and that full production has commenced again, an update as to where we are and progress being made, with reference to the last presentation.

Below is a reminder of some of the salient points, I took from this.

Currently we have a $750 mill addressable market (this is expanding year on year) of which we are targeting $75 mill or 10% (approx. 10 year timescale)

Short term we are targeting $25 mill with current ingredients/applications over the next period of time (probably next 3-5 years), again this is a moving target as we would expect to see an increase as the market adoption increases and our ingredients/applications diversify into new areas

Current main areas for revenue are Odour control, personal care and dishwasher tablets.

There is a large pipeline currently being undertaken on customer projects.

No issues over either raw materials or finished good as we have a good supply of both (finished goods have a minimum 2 year shelf life)

We can only mention products by name if it has ITX ingredients mentioned specifically on it, otherwise we are subject to client confidentially.

5 new brands of AWD in the first half of this year.

Success breeds success and when one brand leads others need to follow so as not to be left behind.

Croda growing range of brands in odour control, fabric, underarm and a new area in pet care, which is proving very lucrative, revenues here are ahead of expectations.

Nouryon increasing revenues in hairstyling and skin care, with new brands and markets, (china/Asia)

Additional certification gained
COSMOS Certified
ECOCERT of certain products
Green Eco Mark, from LSE

New areas
New hygiene product in production trials
Sustainable Fashion product in production trials
Odour control product in production trials
Super absorbent applications (new interest)
Complete new area going into production trials (under wraps at the moment)
Engaged with at least two companies on biodegradable applications. Did hear him mention biodegradable film at one point
Potential for two new partners in the not to distant future

Currently supplying ingredients into 120 brands (multiples of this for actual products)
20 new brands adopting ingredients this year with another 20 in the pipeline for next year.

Please feel free to correct or add to these.

The potential here is mind blowing over the next few years, we have the ability to be the go too company as regards green eco-
friendly polymer applications.
ATB
AJP

Hi Elsol
Looks like it may have started to climb early, could we have some good news just about to drop?
Heres looking to a positive end to the year.
ATB
AJP

Not sure if this helps, but is a statement given by Hargreaves Lansdown.
All data under the 'Recent trades' section is provided by the London Stock Exchange (LSE). When compiling this data the LSE automatically categorises trades as buys and sells based on where the trade price lies within the live market spread at the time. If the price is above the mid-price of the stock then the computer determines that the trade was a buy. If the price is below the mid-price then the trade is considered a sell. This convention is used for simplicity when reporting trades.

However if the price reported is equal or very close to the mid-price then it is not possible to determine whether the particular trade was a buy or a sell. As a result 'n/a' will be displayed in these circumstances.

Under the table we do display the following message 'The "buy" or "sell" status is an assumption based on the trade price and spread at the time of trade. It is an indication only. '

ATB
AJP

Hi Dougerboy
As you say this is well oversold, but low volume is allowing this to be massaged down, which is not a bad thing as you say, like you I have a number in mind where I am going to add to my holding, lucky to be in early here and still well in the positive, would you think that we may get an update at some point next week on progress, as would have guessed that the the initial appraisal of the water damage was a worst case scenario on return to production , can they run the machines independently? as would make sense to at least get one operational to prioritise on the Itaconix® TSI™ 322 detergent polymer, they really need to take advantage of this incident and turn it into a huge positive in what is claimed for, once news drops we will start the climb back up to the 12p area quite quickly as we can see by the relatively steady SP that the long term holders have confidence in the company and the products. Onwards and upwards !!!
ATB
AJP

Hi G
Would suggest that these are not all sells as indicated, I would take the allocation of buy/sell with pinch of salt on here.
Do not think that there is anything untoward in the RNS, just a case of keeping the faith, that all will get sorted and we will get back on track.
All the insurance that is in place will more that cover any short comings surrounding this unfortunate incident, we have 90% coverage in safety stock to cover customer needs.
Would have thought that they have given a worst case scenario as regards resumption of production and would have thought that they would be able to stage the introduction of each machine one at a time as soon as possible with the priority being on the production of Itaconix® TSI™ 322 detergent polymer.
I am sure that it is all under control and we will have lots of good news to look forward to.
ATB
AJP

As has been highlighted, not the RNS we were hoping for, but it looks like the core of larger investors here are able to look past this short term disruption, I am sure that every little thing that can be claimed for will be, even things like the additional hours that will be needed to replenish our safety stock, good chance to carry out preventative maintenance at insurers cost, so as they sat every cloud has a silver lining, as long as you take advantage of it. Maybe highlights to we would benefit from having two separate production facilities?
Good that the SP has stayed relatively stable as was hoping to pick up a few more at an even more ridiculously low price.
Sitting on hands and looking to buy into the dips, that is if there are any.
Would be nice to get a few positive RNS's before the year end.
ATB
AJP

Hi Dougerboy
Let's hope that the main players in the world economy can get their act together and set some meaningful targets and adhere to them, may be almost impossible as to many with self interest at heart, Nicola is apprehensive about what can be achieved. Would there be any positives to come out as regards ITX (a worldwide adoption of removing phosphates) ?
Lets see what next week brings, maybe some fireworks lol
Have a good one
ATB
AJP

Hi Andrew
Think it will be like this until we get some confirmation on the progress we have made.
ATB
AJP

Thanks Dougerboy, appreciate your feedback.
I would guess that any increases in shipping cost or raw materials would be passed on, as was indicated in the last presentation, and was advised last week by the likes of Unilever, guess there are a few variable to contend with, price of corn, shipping costs and exchange rates. As you say you would guess there would be a source of IA available in the USA, sure it is all in hand.
I think we have very interesting times ahead to look forward to.
As you already know, I am thinking 43p for 23 lol
Enjoy the rest of the weekend
ATB
AJP

Hi Dougerboy
Good to know that we are keeping on top of the supply of the raw material, do not think there are any issues surrounding this as we are in the really good position of being able to keep a large quantity of finished goods due to minimum 2 year shelf life which gives us a great buffer.
What are your thoughts on PATT, jury is out for me.
Would think we are due some updates soon on progress.
ATB
AJP

Excellent find Thordon
Think we should have some news out shortly.
Would we expect a 3rd quarter revenue/progress update?

ATB
AJP

Hi CaneToad
Think that there are more than 11 employees, the reference below suggests 27 not sure how recent this is, but think that it would be in the region of 25-30. maybe someone could step in with an exact number if known.
https://www.zoominfo.com/c/itaconix-plc/354129131
Below are some of the highlights on where we are and what has to come.
• Zero debt.
• Revenue/sales increasing by 50% to 100% every 6 months
• Sticky repeat business.
• Certified Green/Eco friendly products
• Ever growing base of high profile customers.
• Collaborations in biodegradable plastics and paints with Akzo Nobel.
• High profile partners in Nouryon (Personal care) & Croda (Home care).
• Ingredients ringfenced with great IP.
• Worldwide distribution network in place via Independent Chemicals.
• Process can double from here without any further cash injections.
• Good level of cash in hand (tight reigns on cash flow).
• New institutional investor on board, they approached us.
• We are reaching breakeven and likely to be moving into profit month on month.
• Competent and enthusiastic BOD, with skin in the game.
• Further development with R & D projects to follow via John and Yvon collaboration.
• 3 New product launches this year in ADWT, that are confirmed. One advised already
• Impending new odour control product.
• Expansion into at least one new application.
• Potentially two new partners, one in bio degradable plastics, the other in polymer derived clothing
• Increased marketing efforts with broader promotional activities in the second half of 2021.
• We have only just started this journey, there is huge potential to be realised

We are adding in the region of 15/20 new brands to the existing portfolio year on year.

Please feel free to add/comment on any of the above, as this is what I have taken from information available

Please DYOR

ATB
AJP

Yes, think that a sizeable amount of the cash raised was put to guaranteeing our supply of raw materials, because the ingredients we produce have such a long shelf life, it means that we do not have to worry about keeping ahead of the curve and maintaining a high production, thus maintaining a large finished goods inventory, also means we have the ability to react quickly to customer needs.
ATB
AJP

Hi Justdeezerts
It was advised in the last presentation, that this was well under control, we have large inventory of finished goods ( which has at least a 2 year shelf life) and they said that although new shipments of raw materials were taking a bit longer, they did not feel there was any issues surrounding this, all in hand.
ATB
AJP

Not worried at all, just frustrated, that the SP can be manipulated lower on small trades and small volume.
Good news just around the corner.
What about this one as a contender on the possible new partnership on the clothing front?
https://greenthemetek.com/technology/
ATB
AJP