Member Info for Elsol

What it means Pro. is that patience is needed until the 'end game' can be crystallised and the company are operating in stealth mode to deliver value to both themselves and us neglected shareholders. The roulette wheel is almost finished spinning so we wait for the final outcome.

Feeding off my genuine post I mean...

Always suspect when no evidence presented "now is the time" then when nobody took notice took money off the table- sorry Ten Bear to call you out but you can deny obviously if that wasn't you!

Maybe that was TENBear moving his "ten" K around - buy-in then out again - very similar volumes. Has a "strong buy" rating on everything in the recent past. But the 6 months trend is up 20% so I will take 40% for full year!

Like every other index, money flows are returning to equities. Some indices bigger gains than others given possible reduced interest rate expectations. Just checked long term relativity. AIM Index is now midway point of extreme dip caused by covid during 2020. Itself a massive adverse impact to stocks. So looks like AIM has a long upward path to get back on track on a relative basis. Bodes will for share price tailwind on ITX and other AIM stocks IMO during 2024. Would help massively if John gives us some more good trading news updates during H 2.

If they are still going alone its likely the Phase II to tempt and inform a later BD&L deal; if they have a BP party aligned in the wings and interested now then perhaps a large phase III is in order across the whole platform of opportunities. If proactive background PP Government support the latter very much more likely IMO.

What's better for you Mr Costs a Synairgen set of non partnered phase II trials commencing in H1 or a large pharma PP trial starting in H2. You decide.

Hi Smart, I respect your isolated past view but is it time to reinvest today given the diverse performance news update with other new significant profitable customer adds arriving? At least now you can smile re-entering well under 190p and be in pocket since there is a good prospect of: 1. If you wait for your idealised 115p entry price you may never buy ITX shares again, and; 2. If you wait until your 2024 year end results time-limit looking for ultra confidence on sales trajectory I'm really of the opinion you will have missed the boat since ITX SP will be well above professional placing price from 2 +. years prior of 250p+ Think on being smart 🤔 to jump aboard soon my friend. It could payback big time relative to a FTSE tracker or high income bond.

I believe the RNS has given the strongest guidance management could to reassure loyal longer term holders of this stock that the company is well managed and ITX are continuing with positive trajectory from here given all the great developmental call outs - job well done. It also shows what a profit drag the lost client had on the company's overall performance and its now clear to most here why they decided on balance to eject the one client from our growth strategy technology platform. ITX have again reaffirmed the exit for FY24 revenue (BTW which I believe the company will out perform anyway as the current guidance is a prudent base case). If anyone has short term worries then a dynamic growth stock may not be your cup of team and invest in FTSE diverse giants with, say, 4%-5% p.a. growth possibilities. But this is an exceptionally strong hold now for sure for 2024 with some major possible upsides with more market access/sales wins newsflows.

Great - new orders received for leather chemistry so fun to see how that fares in rest of 2024 (adoption curve). Diversification is the positive for shareholders now given strategic direction with wider EU expansion and emerging markets possibilities (china etc).

Hi SI - re: "They never have explained why they needed to make such a large capital raise last year. That’s a lot of money just sat in the bank at the cost of shareholders who suffered the dilution." THEY HAVE EXPLAINED IT FULLY.

In fact, the additional capital raise was amazing - it was placed at c.250p so "they" rather than "us" appear at the mo. to have taken their shirts to the cleaners rather than the other way round - great to get so much dosh on BS at such a high price per share (+40% premium to the present mkt cap? )... also the added cash is a great risk mitigation safety blanket and allows us to value maximise all our IP extensions/development pipeline/marketing leverage in EU and wider market diversification/investment for web site and possibly flexible added plant and equipment etc etc etc- IT WAS AN AMAZING fund raise if you think about it as a LT investor!

Thanks AJP - just noticed this too; stain removal for laundry.

Surfie, re: "Until I see a reverse of fotunes it would appear so yes" I didn't assume you solely had control over the share price and if you did you wouldn't need to chat on this BB.

Well, the MMs pricing tactics fueled by certain doom mongers on this BB have worked magic on some non-sticky handed sellers. So then as a consensus are we really saying that the ITX business is now only worth c. £10m GBP (excluding cash on BS) as sum of the below items?

1. Existing customer base

2. New EU add-ons (detergents)

3. Large Pipeline being developed in other diversification markets

4. Other residual goodwill for the large patent portfolio

This is crazy oversold territory in the short term - the MM bots have generated some trading volumes though making them commission through fear but I sadly regret those chased out in the process!

Look there is no point crying over spilt milk. The share price has taken a disproportionate hit already well in excess of said difficult customer ejection if you were to ascribe a single value to it. Undervalued now for sure and still has significant cash runway to profitability we are told so no dilution risks for shareholders. ITX has many more profitable accounts and a very healthy pipeline with ringfenced IP in an attractive high growth green sector. Shall we move on folks?

Don’t worry Sir Stephen and no need to cry m'boy – I had an amazing dream last night; we have purely been moving as if in v. v. slow clinical motion like ‘Keanu Charles Reeves’ fighting valiantly against the "100 days+" (not quite speed of light!) vax / therapeutic ‘group think’ human plasma engorged Matrix for the last 2 years. BUT, its now our time, at time for resurrection v2 with a viral disease susceptible market ripe for SNG001 as a “day -1 or even day -100” severe respiratory disease preventative stockpile treatment for purely @ risk population segments….“the right product, in the right place at the right time with the right science” (and hope we can mark the price right also with BP global negotiation purchasing power help and a Government/UK HSA tail wind sweetener)…GLALTSHs

Thanks AJP; I'm in need of some urgent follicular rejuvenation myself. Seems to work well on the models maybe my wife will want some too! Thx

Hi SI,

Re: 115p entry valuation

So we better can understand your view and logic on price per share can you advise us Value per share sum of parts of:

1. Free cash on BS

2. Value of existing core customer portfolio maybe using a sales multiple for 20%+growth. Pa

3. Value of pipeline / patents for paints, leather, more detergents EU , Superabs. /other upside?

The adjustment correction in SP from c 250p to 150p looks massively over-cooked driven by the short term fear merchants to scare out other investors and buy cheap shares - logically and mathematically given the present value of a lost 'low GM profit' customer - was that one customer really worth say c.£15m GBP loss in intrinsic value of ITX ??? No way that's just complete nonsense. Every other customer is intact and the pipeline is growing revenues; I conclude that the SP has completely over-reacted to this news event so continue to believe its a fantastic cheap buy at this lowly price and given the last professional investor round. ITX Just bring on the new web site and near term news on the diversification wins...as mentioned by CEO during the FY 23 results conversations. Oh and if John and his team renegotiate a better deal with said customer Im assuming an immediate correction back to c.250p with the above observed drop!

A little pessimism from some here but all indications are the business underlying fundamentals are strong and improving. High rev growth towards profitability excluding one iffy customer that seemed like a problem child that ITX decided to push back on that shows a place of strength. The SP today is low given free cash on the BS as compared to trajectory. One or two positive RNS news announcements you will all be buying shares again since the SP can react well from this baseline. Even SI knows this because he is very closely following our chats, S/H sentiment etc trying to buy shares at basement prices and would be concerned if the SP were to rebound above 190p to something near the professional investor round, then kicking him/herself.