Member Info for DD77

Interesting to see the latest outstanding warrants today. Only 4.3 million outstanding at 20p (expire 20 May 26). There were 5.19 million of these warrants issued at this expiry date...............so already nearly 900k of these warrants have been exercised. Not a lot of overhang/churn left. These outstanding ones shouldn't hold the SP back much

I was going to make the same point sorcerer but didn’t have the time or energy and you probably addressed it better than I would have. Bobby Axelrod he is not

Yeah I also see PE as the most likely form of takeover. The company doesn’t fit other company’s business profiles/setups so I can’t see a takeover by another airline being a good fit

Should allay any concerns on the back of the SP fall. We should hopefully move back up to 30p now

Https://simpleflying.com/airbus-a321xlr-engines-pose-problems-performance/

Interesting article about the limitations of the aircraft, particularly in hot and high airports and those with shorter runways, all of which limit payload capacity

Https://travelweekly.co.uk/news/ryanair-chief-repeats-belief-wizz-air-will-soon-be-acquired-by-another-company

He’s said it before so take it with a pinch of salt but it would certainly not be surprising if Wizz became a takeover target. I would want the SP to be double this level though

If the large placing at 53p didn't lead to a sustained pull back and short term resistance, then the warrants at 80p (which are far fewer) certainly won't. I've never seen such a reaction to a company's SP than this. It continually amazes, it has what appears unstoppable momentum

Quite incredible, shows the strength of momentum at play here

And the cost of claims far outweighs the cost of keeping leakbot. It’s a no brainer. Just because you’ve found and fixed a leak doesn’t mean the chance of one reoccurring in the coming years is eliminated or even reduced

The SP holding up reasonably well, all things considering. I expected a steeper initial drop before bouncing.

The warrants at 80p will put a bit of a cap on the top line SP in the coming months/years

Not a good update, despite how they dress it up. Looks like another placing is coming

A 50x bagger would value the company at over £8bn. Fanciful to say the least

I’m only 40% down now on my original investment!

Monteacute - completely understandable view. I am a very LTH, over 15 years. The SP is currently where my average is. I did sell a chunk at 13p when it spiked (wish I'd sold the lot!). However, whilst this has been an extremely frustrating ride the past couple of years, it does feel like we're almost at an inflection point. I don't expect we'll get major spikes like before, but there isn't a lot of free float and the revenues are on the upward trajectory - the £18m MCAP is ludicrous given the company position. It should be twice this level. However, it's clear the market wants to see ITX actually deliver.

It's not for me to give investment advice, but if you were to sell now, you may regret it

We've not partnered with major insurers yet in the UK, just some trials and NFU.

Nordics has been discussed previously with the lack of penetration due to the selling/marketing of the insurers - not providing the leakbot FOC.

I agree not much granularity has been provided on either of these regions but that will no doubt become clearer on Friday - perhaps ask a question about it

The future funding is discussed in the Going Concern section.

The results are strong but I do feel SP growth will be constrained over the next 12 months with a small cloud over cash. The operating loss was greater than expected and whilst it will reduce as contracts go to Y2 and penetration increases, it does raise a question mark on their cash requirements this year. It looks like they’re keeping all options on the table and may alter the deal with Homeserve to provide some additional short term liquidity to prevent shareholder dilution. It’s a useful option to have.

Be nice to get another Top 10 US insurer on board in the coming months!

I'm not too concerned about the warrants next year, they're far fewer than the ones that have just expired and I expect the business will be in a very different position in the next 12 months to render them irrelevant. Some may even have already been exercised.

Before Rocky I was invested in Bowleven. Made a nice 5 bag out of it before putting some of the proceeds back in on the way down. Another one that bit the dust

This has been a long and painful journey over the past 15 years of holding this share. Averaged down multiple times from my original position of £2.50 and wondered if I’d ever get my investment back. Now with a chunky holding with an average of 20p, I am enjoying every moment of this. I blink with almost disbelief at my current holding valuation. I’m sure I will slice at some point but not anytime soon. To all LTHs, enjoy the ride, this is our reward for all the pain over the years

Management have been clueless and reactionary. The Middle East venture has been a complete disaster and a costly one at that. Who knows the cost of the break clauses? If I wasn't invested here, I wouldn't be keen to. They might be on the right path now but I wouldn't have any confidence in them executing it. Also, the CEE market is pretty congested now and the long range aircraft they have secured are not really suitable for this, so what are they going to do with them? They're also scaling back their growth and limiting the number of new aircraft in future years. All in all, it's pretty disastrous, I am not surprised the ratings agencies reduced their view in recent months.

I am somewhat stuck here, with a much higher average. If the stars align, and management execute the plan then the SP could easily hit £2-2.50 from here in the next 24 months. However, they've shown little sign of being able to do that