Member Info for justdeezerts

I have been critical in the past with JS's apparent ambivalence in not keeping shareholders appraised of current events.
It is now 6 weeks since shareholders approved the company's share consolidation plan - it was (supposedly) to attract potential US investors. Since then, there has been no progress.
I accept that once consolidation has occurred, there is an administrative issue to overcome - i.e all current share certificates would become invalid until new ones are issued. But surely this would have been foreseen well before consolidation was being contemplated.
In the meantime, shareholders will become frustrated once again, that the Board appears to be dragging its heels implementing an exciting positive plan to widen shareholder appeal.
My question is "is there a specific timeline for this to happen?"
If it is going to take longer than previously anticipated, at least keep shareholders informed.

GLA

Monte - as a devoted Warren Buffett fan myself, I too am a VLTH in ITX - with a significant holding.
Also, I am delighted with the new products already on stream with so many more in the pipeline.
I note that you haven't mentioned cash & profitability, which as you know, are two fundamentals critical in Buffett's investment strategy.
So, taking out the $300,000 fundraising in April 2022, the cash balance @ June 22 appears to be the same as disclosed at the start of this current H1.
With H1 revenue declared as $3m, it implies a new annual breakeven figure of $6m revenue for the current year. This higher breakeven level is probably the culmination of recently-announced lower profit margins.
I have every faith in ITX being a real winner in the years to come, but as I said to Wacca, the proof will be ITX's ability to convert sales into EBITDA.
Profitability does not necessarily result from the spread of small volumes of product to a vast numbers of customers.
Substantial revenues from fewer customers often generate larger profits through economies of scale - as a retired Finance Director, just my point of view, of course...
Also agree that there is little point in constantly checking the SP - it is what it is and there ain't anything we can do about it!
Prefer reading articles on how itaconic acid is gradually replacing unfriendly environmental chemicals in everyday use.
GLA

Wacca - LTHs don't give a hoot as to how many products contain ITX product, as interesting as it is to know.
You can't seriously believe that a ITX investor, who is contemplating selling shares, will be persuaded to hold on simply because research discloses yet another product with an ITX ingredient - really?
If it does not convert its obvious potential into significant increases in revenue AND improved profit margins, it all counts for nothing! I repeat, It's all in the RNSs.
It makes little difference if ITX formulae are found in thousands of products. If future RNSs fail to show bottom-line profitability, no amount of research will stop LTHs from moving on. Currently, I'm OK with were we are......
So here's to the next company update.
GLA

Share price UP - perhaps an RNS is imminent?
Share price DOWN - MMs possibly filling a large buying order?
Can we refrain from this ridiculous speculation, PLEASE!!!
And yes, my dear Thordon, great research on your part to tell us that the ITX product is used by 160 companies.
But seriously, this sort of revelation isn't going to persuade people to buy additional shares. Only by the Board giving us some new 'price-changing' facts will encourage further investment.
There is nothing sinister about a dramatic drop in the SP of shares in a tightly-controlled and limited market. People sell shares for all sorts of reasons, including the latest possibility of having to pay for increased energy bills.
I'll repeat one more time...."Price is what you pay, value is what you get."
ITX is great little company with a derisory (in my opinion) market cap of £24m.
All LTHs should just calm down, forget about what may happen to the SP in the short term and just wait for the next RNS, whenever that may be.
In the meantime, let's shut down our computers, get up, go out and enjoy the summer - and remember the sunblock...
GLA

wacca - there is no point looking at the SP ad nauseum. Just forget the the daily movement - you'll end up making yourself ill with worry.
The fluctuating SP is meaningless to most LTHs - with no RNSs in the offing, the value of the company remains the same, regardless of daily share movements.

Tricky - great post, spoken by a true left-winger!

LV - the current market size to deal in ITX shares is 20,000 shares MAXIMUM. So to sell 386,000 shares in one deal is a 20 times the norm ('a whopping chunk') to get rid of - hence the MM offering a price 10 per cent lower than the current spread. It has nothing to do with market cap, or the number of shares in issue...
An interesting scenario will be when someone wants to purchase 386,000 shares in one deal. At that point, the MM will either give the buyer an attractive price (if there are any shares around), or simply quote a prohibitive price making a purchase impossible....

I've been fascinated by the amount of conjecture on this BB as to why the SP has dropped today.
The one glaring omission is the one which is blindingly obvious. Someone sold a big chunk this morning (386,000 shares) @ 5.40p. The MM made that person an offer which was accepted.
Nothing to do with financial accounts, or absence of an upgrade, it's simply the price today at which a shareholders sold a largish number of shares.
Was that person correct in doing so? Who knows - personally, I think it a foolish short term decision, but then I have no idea what the personal circumstances were to entice this sale.
Only time will tell for the rest of us... so can we please get back to the positive stuff which has been written here over the past few weeks.
GLA

Following recent RNS, Simply Wall Street has increased TLY's Fair Value from £1.24 to £1.31.

GLA

Solid presentation this morning - no histrionics. Simply re-emphasising the impressive progress being made in all areas of the business.
Citizen - As you're new to this BB (welcome aboard), Company's USP is that it adds to its cash pile year-on-year from increasing profits. Now that you mention it, I would be interested to know who their competitors are in this so-called 'crowded' market...
And don't worry about a stagnant SP - "Price is what you pay, value is what you get" (Warren Buffett).
Investing is all about being patient - "You can't make a baby in one month, by getting nine women pregnant all at the same time" (again, Warren Buffett)
GLA

My largest investment @ 35 per cent....
Ticks all 'Warren Buffett' boxes (except for generation of cash, which must surely come). With secure IP patents and potential growth at a low capital cost, what's not to like? Latest interview gave insight into Company structure and a glowing endorsement from one satisfied client,
GLA

Worth watching, if you didn't see it first time around (play time 31 mins)...

https://www.openexchange.tv/edison-group-itaconix-capital-markets-day-0

GLA

Smart- I agree, definitely a BUY!
To do it, it needed a seller. So at that price, was the seller smart, or daft - only time will tell..
GLA

Smart - the consolidation is illusory, as it is a technical / regulatory move to allow US residents to invest in a UK Company. An ITX share @ £1 will relate to a shareholding now only 10 per cent of an investor’s pre-consolidation holding. So no real change.

Simply Wall Street has a fair value @ £1.25. Let’s see what their revised value is after the prelims - Fingers crossed!
GLA

soundman - I think you're right in questioning these unnerving removal of directors at the AGM.
Cleary, JS wanted both of them to continue in their roles as Directors. Yet his 'endorsements' were voted down (probably by proxies) at last week's AGM.
Frankly, I didn't think there was anything to gain by attending the AGM ahead of today's event - but I now regret not going!
I do believe that JS should explain why in particular, JohnSnow (Head of the Audit Committee) was thrown out - it is most unusual for that important role to be the subject of controversy...
Other than that, ITX is a great company with enormous potential - onwards and upwards.
GLA

Day traders (losers) are at it again!!!
As financial guru Warren Buffett once said:
“Successful investing takes time, discipline, and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.”
GLA

....and well done Finncap for advising on the consolidation strategy to widen the market in order to attract more global investors.

GLA

Long - you can get in touch with him on LOOP BB, not here, thank you.
GLA

PS: I am your mother!

eccles - no, it's more recent than that - June 2022:
https://aiminvestor.co.uk/wp-content/uploads/2022/06/The-NHS-Crisis-Stock-Too-Cheap-to-Ignore.pdf

GLA