Member Info for Itacon

Revenues in personal care applications for the first five months of 2021 were slightly less than the same period in 2020 as shipments in the last part of 2020 met customer needs during the lockdowns in North America and Europe. The Board expects there may be a period of variable order patterns as formulators return to work and consumers return to more normal buying behaviours as they emerge from the Covid-19 pandemic. personal care applications will continue to rise over the coming moths as normality resumes across the States.

The Company plans to extend the use of its VELAFRESH™ products into new hygiene opportunities and expand the potential for its VELASOFT™ product line into personal care applications. This is massive and should not be underestimated.
Applications development also continues for BIO*Asterix™ functional additives, with extended customer formulation timelines likely for the types of applications under evaluation. As above massive and not to be underestimated or ignored.

I've added some comments below to the 'trading update' which lacked any real information on it's most exciting developments, packaging and paints.

‘Strong revenue growth in odour control, continued growth in detergents, and a small decline in personal care combined for overall unaudited revenues to increase by 39% for the first five months of 2021 over the same period in 2020’ We already know, as stated by JS that the first half of any year within this market is the slowest part of the year. But yet we’re up 39%! In 2020 we were 33% up on the previous year(2019), the second half of the year was 250% up!

Product volumes in odour control applications are leading revenue growth in early 2021 based on several years of customer pipeline development and the emerging success of our latest odour control polymer launched in late 2019. Recurring orders are coming in North America, Europe, and Asia from the continued success of customer products. Advantages in fabric applications are also generating new orders from wider use in home and automotive care. The Company is working to expand its odour control offerings and applications to meet additional market needs. This is now going into pet products as well, which is a massive massive market!

Product volumes in detergent applications increased for the first five months of 2021 over the same period in 2020 despite order delays in North America from disruptions in the supply of other detergent ingredients. Brands and retailers are also adjusting inventories due to uncertainties about consumer buying as countries emerge from Covid-19 lockdowns. The main delay here is detergent companies not getting other ingredients, which will lead to larger orders in the middle and second half of the year.

Highlights for the current year include the launch of a new green dishwashing detergent by a leading North American brand, wider market penetration into North American retailers for detergents launched in 2020, growth in volumes for a green European detergent launched in 2019, and the first production run for a specialty European detergent brand. At least three additional detergent brands are expected to start using Itaconix® TSI™ by the end of 2021. Although the Company is seeing renewed evaluation activity as formulators return to work, the Board expects some continued delays in volumes for detergent applications as supply chains adjust to the end of lockdowns. Look at the work done by AJS, Parob and a few others with the list of known products ITX are involved in. The bigger ones are yet to be announced.

For some amazing reason, despite a bit of abuse for some of what i've said on here (especially when i mentioned placing) i've been pretty accurate so far! Funny that.

For my next trick / prediction i would suggest you hold onto your hats!

Onassis your comments are laughable! Do a bit of research and come back with something substantial!

I'm in since just under a half penny. Won't be selling for a long time.

Onassis i don't agree. We knew expansion was on the cards to meet demand. Called it here last week.

The only reason you expand is if you are growing to meet demand. Expecting another RNS next week with further details on new investors followed up with an interview from JS explaining the expansion of the current facility.

After this we will probably get a proper update as the trading update lacked any detail compared to previous trading updates we normally get from JS.

Group are also saying interview from JS in the coming days - 2 weeks. More info on up coming products including additive to plastics.

Remember my post saying 'I'm in a chat group with investors from the states. They see a placing to raise funds for expansion of current facilities'

so clearly the chat group were right. As for those saying i had another agenda, i've invested too much time and money into this company to play games.

John had always said that the first half of the year is the slow part.... If 39% increase in revenue is slow can't wait for the second half of the year.

A lot not mentioned as well. We know that the bio plastics is being worked on in the background, no mention of hair style products which i know has seen large growth since ending of lockdown (in another company who updated a massive increase in hair style products).

Exciting 6 months ahead. I do expect further updates in the coming months regarding bioplastics.

I've spoken to John previously about updates and he will never comment. John is one of the few with an AIM listed company who does not give anything away.

Judging by the language used within the email against emails he's sent me, i do not think he wrote it.

When are you expecting results?

No reason, but just a chance to top up.

It's always the same when people miss out on getting in early. The didn't have the ability early doors to see the potential so they trash a share then suddenly change their mind.

You just need to look at the scale of the products they are involved in to see the potential.

Because i do think this will be 25p+ in a matter of weeks.

Unless orders are well above 50%!

I've put another £30k in today, those in twitter group can confirm this. I'm in this for the long term.

have a look at my posts, i've done nothing but support Itaconix for nearly two years.

I'm related to two of them..... so not complete strangers ha

whatsapp group with investors from the US