Member Info for chilting

Retired Banker
I would certainly agree with most of your assessment but the last fundraise was much less dilutive and has acted as a springboard for the current rise - we are in a much better place now.
Also, the CEO and most of the board have a considerable personal stake in the business - in my view that certainly contributed to the lack of dilution this summer.
There is probably enough cash now to fund the business until the end of 2021 and by that time it should be in profit.
Also, it is highly likely that ITX could be taken over by one of its competitors or customers, it is just a minnow in an industry dominated by big multi-nationals.

Todays dismal performance was probably just down to volume.
At just 569,261 it was the lowest of the year, last Monday wasn't much better at 644,544 but it did pick up as the week went on to 2,101,420 by Friday.
Brent is still trading sideways but is over $45 now, if it stays at this level or improves the SP should bounce back by Friday - hopefully.

jimjam
Hopefully Will Smith will be actioning you excellent suggestions and liaising with Local Authorities to secure parking for residential and hotel developments to ensure viability.

https://corporate.marksandspencer.com/media/press-releases/5e0f046f7880b21924350282/m-and-s-property-and-retail-update

That looks to be spot on Londoner - maybe on Wednesday?

Certainly not now and the same applies to dividends - zero out.
M&S need all their profits as protection against the volatile market and to invest in the future.
Just look what happened to Debenhams - no room for error.

Anyone new to ITX would do well to view this recent interview with CEO John Shaw -

https://www.proactiveinvestors.co.uk/companies/news/924957/itaconix-ceo-says-revenues-are-about-to-surpass-full-year-2019-results-924957.html

I think that the coronavirus puts paid to that - just in case we get a serious second wave.

Black Swan is still flying!!!

Neil - I do think that long term it is necessary to have a fully developed range of value products that offer the same value as Tesco to sell alongside the more premium brands.
The premium brands should continue to be the main focus of the offering but it is important to offer the customer a lower cost option so that they can use M&S and Ocado as a one shop option for all their needs.
In no way is this a race to the bottom it is simply the best way to appeal to a larger customer base. Also customers attracted by value products will try some of the premium products and be converted to quality.

Yes, and these products certainly offer value for money to the M&S and Ocado customer base.

Going forward though, if M&S want to win more cost savvy shoppers from the likes of Tesco it would be necessary to have a more genuine low cost range of products distinctly marketed with different branding - hence Sparks Value.

At the moment however, concentrate on selling to the established customer base - i.e. Ocado, M&S and Waitrose - until capacity starts to build.

This is just the start of what I think will be a very long running campaign but it is far from clear how far M&S want to go down this route.
All retailers want to show that their products are good value but perception is often more important than fact.
It may be better to launch another unbranded range for sale in the stores and on Ocado that really do tick all the value boxes without affecting pricing for M&S products. - maybe call it Sparks Value.

This is interesting - look for the ingredient sodium polyitaconate.
This is the formulation in the US - the European formulation may be different.

https://us.ecover.com/products/zero-dishwasher-powder/

A lot could depend on who wins the next US election - Trump will champion oil - Biden will follow a green agenda.
In the short - medium term a Biden win would probably give us higher oil prices because the US oil industry would be suppressed but in the long term a decline in oil use could mean perpetual over supply.
Also Venezuela and Iran may come back into full production creating over supply.

With so many sources of supply - especially in the US - that can vary output depending on the current oil price, there must be an upper limit to the price of oil.
Over the last few years I think we have seen that upper limit.
It was actually breached in 2018 when Brent rose above $80 but fell back to $70 as US production increased during 2019.
Before corvid we saw, what would have probably held for 2020, a price between $60-$70 - I would suggest that this is probably the upper limit.
However, we could get another breach of the upper limit, like we did in 2018, before the price stabilizes as supply increases again but this depends on OPEC+.

RIP Rod Hull

https://www.bbc.co.uk/news/uk-england-northamptonshire-53762233

Its interesting that the Vice Presidential Candidate for the democrats is actually stronger than their Presidential Candidate, also taking into account Biden's age its a strong possibility she could be President.
She is also very experienced and charismatic - rather like an American version of Jacinda Ardern - also with similar politics.
She has strong green credentials and is unlikely to be a friend of American Oil - expect a strong move towards a carbon reduction agenda.

L3
It was simply a reaction to the negative macro factors at the time - rising US production - US and China trade dispute - Trump talking down the oil price - Saudi being pushed around by Trump and Russia raising production regardless.

Yes, I sold WTB to buy more here - much more potential with M&S over the long term.

Its the corvid sensitive shares that are lifting the market today - CCL up 8.93%, WTB up 4.33% - for example

Ammu
Its blindingly obvious why the SP is just flatlining at the moment - the SP is simply following Brent - as it has for the last few years.
When Brent goes up, Enquest will follow.
It actually shows what a solid investment Enquest is, unlike most of the other small oils companies listed.