Member Info for justdeezerts

Not too worried with RNS. At 4p, company has a fairly nominal market cap of £17.6m, which will be a drop in the ocean of its true worth, if potential can be converted into sustained profitability.
GLA

https://www.cnn.com/style/article/notpla-seaweed-single-use-plastics/index.html

A link to ITX:
https://itaconix.com/wp-content/uploads/Tech-Data-Sheet-DSP2K-v1.0.8.pdf

Tricky - from your last post:
"......I had to tell a lie to tick a box to invoke an emergency ambulance.."
Are we surprised that you had to lie? I don't think so, you do it constantly on this BB!
Happy New Year to all...

Have we seen this golden oldie?

https://www.sciencedirect.com/science/article/pii/S030637472030066X?dgcid=rss_sd_all

Happy 2022 to all..

Thordon - unfortunately EFP filed accounts under Small Companies Exemption, so we’ll never get any additional information other than that contained in the RNS.

Hmm! Just caught up with video conference (unable to attend earlier).
Not sure what to make of it. Not much info following the RNS.
On the surface, it appears to be a cash generator, although pre-tax profits of £444k (inc. one-off freebies from Government pandemic support), only added £150k post-tax profits to General Reserves??
Also, whilst the two founder shareholders/directors are continuing to work with the Company, they are no longer on the Board - why? Presumably, they have moved on and will be 'contributing from afar'??
That said, if post-tax profits are going to increase from the current level of c. £150k, then with a prospective exit PE of around 9, it sounds like a good deal for purchasing a potential cash cow.
The jury's out on this one....
GLA.

Agree with you AJP.
An unexpected early Xmas pressie with these two positive RNSs in two days.
I'm assuming Finncap advised to drip-feed the news in this manner for maximum impact, rather than incorporating it all in one RNS.
This is all we have wanted from the Board - inclusivity on what's going on. Well done!
Wishing all LTHs Festive Greetings and a Prosperous & SAFE 2022.
GLA

For ye. 31 Mar 2021, TLY revenue of £113m generated an EBITDA of £5m. For the same period, EFP made an EBITDA of £444,691 on sales of £983.708 - v. impressive!
I note however, that there is only a mention of EFP's GROSS assets, being £987,000, which is a bit meaningless. TLY must surely know the NET assets being acquired, so why not tell us?
Unless of course, it turns out that TLY is acquiring net liabilities?
I just find this element of the RNS a bit odd - an opportunity missed, IMHO.
GLA

It's just been marked up here.

Not shown on this BB: 16.01.08 - Off Book Purchase, 221,000 shares @4.88p
GLA

11:12
BREAKING
Lateral flow tests for home delivery run out
Users of the online system to get rapid lateral flow tests sent to their home in England have also seen a message saying there are "no more home tests available".

The health department says: "The team are also looking at that. It's because we announced daily testing yesterday."

They added that people were being advised to go to local pharmacies where testing kits are still available.

Tricky - Sorry to disappoint you, but all future will continue to fund the NHS because it's too big to fail.
Indeed, the future looks even healthier for the private sector in helping the NHS by reducing its overload.

Thanks for your comments AJP. I am not intending to be controversial either. And you're right - my latest posts are somewhat pessimistic, although I would prefer 'cautionary', at worst.
I suppose when a Company and its advises appear so disinterested in keeping shareholders informed (following a negative RNS), one tends to make out that things are probably worse than they really are - apologies for giving that impression.
To be clear, I am a substantial LTH and have not traded, or sold one share. Having been an FD in a listed company, I am only suggesting what I would do, if I were in the position as JS.
I believe transparency is so important and when an RNS gives a timeline for an event to happen (eg. back to full production during December) I would expect a 'comfort' RNS to be announced during this month, if only to confirm (if it is the case) that everything has gone to plan.
Best of luck all..

When the SP falls without good reason, one tends to scrutinise more closely what has been said in previous RNSs.
Going back to the 4 Nov RNS, I have re-read the last paragraph, which now seems a little odd.
ITX is suggesting that some of the losses are 'expected' to be recovered from the roofing contractor's insurance company.
My commercial experience is that a roofing project is usually between the roofer and the landlord. Accordingly, ITX would have no contractual interest in the roofing project whatsoever. Unless of course (as is the case under UK law), the roof project was being carried out under the terms of ITX's lease and therefore payable by ITX, (being the tenant). This project could prove expensive! Perhaps the Board needs to clarify the situation.
Otherwise, I can't see why some of the losses would be recoverable from the roofing contractors insurers.
Of course, why a roofing contract is being carried out in October / November when inclement weather was always likely to disrupt, is another matter entirely and one which on the Board may wish to comment on.

dougherboy- I wish I could share your optimism on 2021 annual revenue of $4.5m!
Interims showed H1 @ $1.366 revenue, so I think H2 more than doubling @ $3.134m appears a bit of wishful thinking on your part. Especially with the previously announced revenue disruption from storm damage.
Uncertainty and doubt always requires clarification ASAP.

Frozen - totally agree, but unnerving nevertheless. MMs know that this share is only going one way at the moment. We need some reassurance from the Board that all is OK.

JS is probably asleep in New Hampshire (5 hours behind UK time). I wonder if Finncap has put in an early wake up call?
GLA

I have revisited the RNS of 4 November.
There was an important phrase used, which I initially overlooked with regard to 'lost revenues' from KEY customers.
It would seem that the storm damage seriously disrupted the production of its TSI322 polymer product and that there was insufficient finished stock to satisfy current orders from key customers.
The RNS goes on to say that (in view of stock unavailability) the Company 'will be working with its key TSI322 detergent polymer customers' in an attempt to convince them to buy an alternative TSI322 detergent polymer grade, which it does have in stock.
The use of the word 'grade' may be relevant here. My question is whether this alternative grade is an inferior one and furthermore, if the customers don't accept this alternative, are there comparable high grade TSI322-type products offered by (larger and more reliable ) competitors? If so, could we permanently lose those customers?
And on the decline of the SP, it says something when ITX's own institutional shareholders appear not to be supporting the SP at these low levels.
Worse still, Finncap seem unwilling, or unable to approach clients suggesting that ITX could be an exciting investment opportunity.
Let's hope there is some good news in the offering and MMs are short of stock.
GLA

Thordon - Always look forward to your research snippets.
However, not convinced that your latest article is relevant to ITX directly. We all know that itaconic acid has many 'green' uses, but on this BB surely we need to focus on ITX's trademarked products, otherwise could be seen as grasping at straws.
Only positive news releases from the Board will re-energise the Company's status as an investment opportunity IMOH.