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"Itaconix trading to date and the Board's expectations for FY 2024 results remain in line with what we set out in our announcement of 2 April 2024".

I mean, its seems very clear to me! its not an omission. Maybe if the RNS being referred to was 6 months old you would have a point, but its not.

But it does. It says we are still in line with the RNS of 2nd April, and that RNS reported the reduced revenue.

We all know the decision put the company about 12 months behind on revenue. ITX has very clearly said so themselves, so not sure why youve missed that.

Basically, the decision to not cave into the existing supplier wanting to chip them is working.

Good news. Phosphates are a major problem. In the UK for example, the ecological harm they cause has resulted in a moratorium on new housing development in some large river catchment areas, causing a backlog on delivery of thousands of homes.

This wont solve that of course, but I can see how these wider problems might well encourage take-up of the ingredients, and possibly with further govt legislation on use of phosphates giving a further helping hand?

Great interview. Been invested a good while now bur one of the things I've struggled to get my head round is direct competitors. Great to hear Jon confirm that when it cones to non fossil ingredients, there isn't a competitor. That's very reassuring!

I still think we can expect future govt policy around micro plastics to give us a good knee up

That's a jump. Leak of results???

Who says we are not competitive? Recent RNS' and presentations have said we are lower cost and better performance than the alternatives.

This was about a commercial deal where a customer was trying to chip the price and reduce our profits! John took the view that the deal wasnt something they could accept. I can only assume he did that as he is confident about the future, not because he wants to destroy his business.

I agree. It's definitely bad news in the short term, and so the SP has reacted.

But it's clear itx stopped the deal, not the other way round. That's very significant.

I guess we just have to trust that it was a correct long term business decision, and such up the temporary SP position. John doesn't come across as a hot head, so on balance I think this will prove to be in the long term interest of the business.

"I just topped up £20k"

Easy money for you, I suspect! The RNS certainly doesn't confirm the financial impact that the SP has just shown! Was tempted to do the same as you, but I topped up recently unfortunately.

The market might see this news as a problem, but it absolutely comes from a position of confidence and strength.

'Do business'... at any cost? Anyone can be a busy fool. What's the point of doing business for no, or little profit?

It is alarming, but at the same time can be taken to demonstrate confidence and protecting margins.

"Not many company's manage to marry the science with the market"

Its something they have only really cracked in the last few months I think. It was a message that came over more strongly in the most recent RNS.

And, still sat watching that presentation its all ' performance...cost..performance...cost..performance...cost....and sustainability.

It seems very muck like they are now absolutely dialled in and focussed on the way to take the formulations to market and drive their growth hard.

Sat here watching the presentation..

"...once you get formulated in, its very hard to get formulated out...".

It struck me this is a very nice way to understand why they can almost guarantee repeat business.

Well done to those discovering that ITX are now in global mega business products. I would bet that its the foot in the door with these behemoths that's the toughest bit to crack, so it really is very exciting confirmation in my view,

That £20k trade thay has gone through must be a buy? Shares must be tight!!!

Yes, its nice to see, but for longer holders we are only regaining lost ground.

MCAP is still low. £10m in the bank (still), NO debt, 40% year-on-year growth, repeat customers, growing and new customers, the big spend in R&D done, innovative and cost effective product that the market is going to have to take up to some extent due to sustainability credential and government bans on plastics.

this is going one way. Just wish I topped up more. But thats greed, I guess.

Yes, very good. And similar to as I said below,this was all about cost and performance benefits, which is definitely new focus. And one for a wider, mass market very exciting!

Re-reading the RNS, I think its interesting to see that cost saving and performance of ingredients is mentioned twice, with sustainability almost presented as an additional bonus. Slight change of focus perhaps as ITX moves forward?

I suppose there are only so many brands that position themselves on the sustainability angle?

Knew I should have topped up!

Pleasantly surprised to see they are still sitting on the big pile of cash and yet still managed to get the growth that they did. Along with recent appointments, it does make me confident that they are ready to crank things up further.

Good business, well run and good products in a fast growing sector. Hopefully this rise will attract ethical/'trendy' investment funds in the US?

Encouraging rns. And who doesn't like a rns with a plan in it!

2024 looks to be building into an exciting year for POW across multiple fronts.

Yep, a nice tick up and some decent buys today. Added another £500 worth myself.

That was great, thanks for sharing the link. John gave great insights. He seems very upbeat and positive about the next few years!