Member Info for chilting

Lets hope that todays good numbers mark a return to good fortune for the SP - WTB seems well undervalued at the moment and looks great value for a long term hold, especially with the excellent dividend.

Your conclusions may be correct Smart, but as long term investors its better to take a longer term view and not do a knee jerk sell when things take a bit of a downturn.

Its the long term that interests me and that is very positive.

Any downturn will however give new investors and those that want to add an excellent buying opportunity, so I don't see more than a temporary blip.

This news reads so much better when the client is a big multinational with very deep pockets, even better than a national government.

This is the future for powering big industry and its starting to happen now!!!

I guess we just have to say that market dynamics are against WTB at the moment, even though the company is trading very well.

The problem in these situations is, where is the bottom?

The uncertainty created makes any predictions worthless, therefore, investors will just sit on their hands.

So we wait until there is a strong buy signal then things could change very quickly, especially if the shorts get caught out.

Ocado JV is not nearly as disastrous as it looks - don't forget M&S make profit on their own branded products sold via Ocado and it allows them to get better discounts from suppliers re economies of scale as product volume builds.

In contrast look at what has happened to Waitrose since they parted with Ocado - its probably the main reason why M&S is pounding Waitrose and JLP now.

MKS remains and will remain a solid hold as it has from around the 100p mark.

This is defiantly a share for capital growth and future income from dividends.

Fantastic results!

Its all very bullish!

M&S are sure on a roll!

Yes, ITX has a secondary listing on the OTCQB index in the US to enable US investors to invest using dollars.

https://itaconix.com/wp-content/uploads/191218-OTCQB-listing.pdf

A companies valuation isn't just about revenue, its about how the market values future performance, its assets, the management team and sentiment within the market that its listed on.

London is flat at best, the US market is much more dynamic.

ITX is clearly undervalued in London.

Clearly other companies big and small are considering their options -

https://www.bbc.co.uk/news/articles/cl5k58x9g83o

Its clearly the case that an AIM listing isn't working for Itaconix and it would probably be the case that even a full market listing would also be pointless.

itaconix is now, I think, mature enough to break with its historical roots in the UK and seek a US listing, probably on the NASDAQ.

Also most of its business is transacted in the US and the Euro zone - the UK is just an irrelevant backwater for the company - move where the action is!

MyIPA

I was posting with similar positivity as a new investor - the future looked great then - but as I said, I lost 90% of my investment.

Normally, I would agree that Foxy and the other long term investors had other motives, but in this case they are actually, I think, providing a valuable insight into this company - I would suggest that you take them seriously.

Ease up on Foxy - everyone who invests knows that shares can loose value dramatically but its the way that EQT lost value that is at issue here and is in my view certainly worthy of investigation.

So, its no wonder long term holders are so bitter - I was none too impressed when I sold out last year, about 90% down.

Foxy - I would look for other recovery plays - say about 6 other shares - and just hope they do better than EQT - maybe OCDO and CWR for starters, but DYOR.

Come on Valueplay, you know better than anyone how quickly the SP can respond here with just the whiff of good news and it could come at any time.

I admit though it is necessary to be an optimist to hold OCDO at the moment, personally I am still content to hold, especially as I have no outside pressure to sell.

Ocado Retail are certainly much better placed now than they were when M&S chastised them for poor performance.

It has to be said that they responded brilliantly and are now well back on track for the future.

So, its over to the M&S board now to settle any disputes that remain between M&S and Ocado and give us a clear indication regarding disputed payments and the plans both companies have for the 50% of Ocado Retail that Ocado still own.

Cureboy

I think the market has, probably justifiably, concentrated on the lack of profitability at Ocado Retail - this has given the impression that the market just considers Ocado to be a supermarket group.

But, in actual fact its high development costs allied to high interest rates that have really dragged down the SP - until the macro improves its unrealistic to see a real recovery in the SP, however OCDO certainly remains a hold and the SP will take off at some stage.

The one thing that in my opinion that would be needed to ensure the success of a move to a US listing would be an announcement by Kroger that they plan to expand their network of CFC's.

Reports now that a large shareholder has asked the board to seriously explore a move away from London to a US listing.

The logic of such a move is starting to look compelling.

Justdeezerts commented -

"Apparently, our 'lost' customer will more than likely have to replace ITX product with petroleum-based alternatives - well, good luck with that!"

I guess this could take a while so they are probably still using ITX product and will very likely need more before they reformulate, therefore, the reduction in revenue may not be as much as forecast in 2024.

It will be very interesting to see how quickly the freed up capacity is used up - a real gauge of how Itaconix and its products are regarded by the chemical market.

John has been saying for a while now that he expects Itaconic to become a large company - a bounce back this trading year will go a long way to validating that claim.