RE: Rise again28 Jul 2021 08:56
I spent most of last night reading some of the posts on here, sad life i know. Everything stated within the RNS we knew already, and John has been clear for years that the first half of the year, for reasons unknown, is always the slow half within the industry. If you look back over the interviews and Q&A's he's done for a few years now, he's been very clear in stating that the first 6 months is always slow. What you need to concentrate on is even though it's the slow part of the year, we still had 26% growth. I would be more concerned if it was like for like with 2020.
Also look for smaller insights, 'strong product volumes in odour control applications with new and recurring orders spread across North America, Europe, and Asia' they are moving rapidly into the Asian market.
'The Company plans to add a new odour control product, expand into at least one new application' we all know they have been working hard on the bio plastics side and also paints.
The descaling element within the TSI is a major positive, 'sizeable revenue potential from current and new customer projects but expects order fluctuations to continue in the second half' he mentions based on previous years means a fluctuation upwards.
Previously mentioned and posted on here, you can search for imports into the US, and it's clear that ITX have been stock piling raw materials over the past 16 months. They used the fundraise to enable the raw materials level to be maintained.
A lot of people who bought in recent weeks and months are annoyed, that's fair enough, but you need to look at the bigger picture. They have continued to increase growth, through a pandemic.
HT1 2021 26% growth over similar period in 2020, and 36% decline over second half of 2020 (remember we were 155.6% up on full year results)
HT1 2020 80% growth over similar period in 2019, and 62% over second half of 2019
HT1 2019 33% growth over similar period in 2018, and 33% over second half of 2018
There are a lot of new investors and posters on here, some with very valid statements, some who have clearly done no research and don't even know if a member of the ITX senior staff is male or female.
I spent months researching the company before i bought in. I've been in this for sometime, i managed to average down in early 2020 and at the height of the SP a few months ago i was up over 3000%. I didn't sell. When it dropped, i didn't panic, i've done my research, i know the team, i communicate with them, i just topped up!
RESEARCH THE COMPANY!
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