Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes, close to breakeven but FY will depend on H2 weighting.
The board have long been saying they are aiming for FY23 as breakeven, and then FY profitability in '24.
Excellent product, excellent board. Very pleased lth here. Shares are cheap at 5p, so 4p is ridiculous.
These are very exciting times for ITX investors. The promise of the products is in plain sight, as are the big corporation tie-ups, as are the companies ambitions, but the share price remains low.
Each new product containing ITX polymers, however small, is like a drop of water that adds up to create a huge body of water that is essentially our moat (to extend the water metaphor).
This is my second largest holding and I topped up yesterday. I'm wary of putting too many eggs in one basket as an investment strategy, but to buy at these levels is too good to pass up.
FY 23 for approx. breakeven, and then FY 24 for profitability is my timescale. An easy buy-and-hold for the next few years.
Great news today. I like the cheeky trading update they snuck in there to give investors confidence.
Assuming interim dividend is at least equal to the final dividend, then we're looking at minimum 2p annual divi to begin with.
Share buybacks show great confidence in their own business, but my only concern is that the stock isn't hugely liquid at the moment so soaking up some sells might further decrease liquidity in the short term.
The change in market sentiment and confidence has affected every share price, but especially the pre-profit new tech/eco companies.
However, the companies that are on the verge of profitability are the ones to be investing in right now for maximum returns over the next couple of years. Companies like ITX, SCE, CRH are perfectly positioned to ride the wave of the next bull market when it appears, by which time (FY 24?) they will be profitable and throwing off cash.
Be patient for big long term gains. It's tough to do, but if there is nothing wrong with the investment thesis or the business, then there is no need to do anything.
"Remainer fanatics at the top of Boris Johnson's government" !?!?
Lol. Anyone with even a slight Remainer tendency was purged long ago. Could you name any "remainer fanatic" in government...?
Classic lies from a Brexiteer :)
If you're wondering why Terry is "wasting his time" here, it's because he's a prolific shorter and wants to spread FUD so nervous PIs sell and create a greater profit for him.
The board's confidence in the shares at these levels speaks volumes for me. It's just a question of patience.
4 Directors also bought shares in the Jan 2021 equity fund raise, subscribing for shares at 5p.
This was conducted via Primary Bid so retail investors also had a chance to subscribe.
This raise was at 5p so PIs would be better off buying at today's prices.