The joys of the AIM30 Mar 2021 17:55
What a roller coaster of a day.
From the highs of early this morning on the back of some excellent results, to the lows on profit taking and skullduggery employed to get nervous investors to jump ship so as they can pick up some additional shares on the cheap.
So many highlights for me as was lucky enough to actually watch the presentation.
As we have discussed previously client confidentiality is imperative as regards ITX
The only ones that could be Identified were Croda and Nouryon as actual clients, but our customer base is growing all the time as regulations and our green credentials are coveted by other brands in the industry.
year on year sales for the start of this year are significantly ahead of this time last year (significantly was the words used)
Major brand launch happened in Jan 21 will add to sales revenue as this finds it place in the market
3 further major brand launches to happen throughout this year
Sticky recurring revenues from existing clients.
Based on current projections, we have production capabilities for the next two years before we are maxed out, the capabilities are under review to maximise throughput. we can run 4 x 24 hour teams if necessary, currently running at around 50% capacity based on info.
Bio plastics in its infancy, we are supplying ingredients to add strength to the products, but still another 18 months possibly before we see the real impact of this.
We have still to see the real impact of the new VP's but you could gleam from the way John was musing that there are exciting times ahead.
These are what I took from today, please feel free to comment add to the list or pick me up where I may have been inaccurate.
I guess investing is all about timing and if you get that wrong it can leave a bitter taste in your mouth.
I wish all who are invested here, all the best going forward, as in my opinion, we have backed a winner.
AIMHO
ATB
AJP
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