Member Info for justdeezerts

There have been some pathetic (that is the only adjective to use here) posts on this BB today.

All doom & gloom!

There are 13.5 million shares in issue. There were 11,500 sold today and 24 bought. Do you really think those paltry sales reflect what is going on in ITX?

If so, just bail out of here, move on and spread your misery elsewhere.

Everyone else, have a great weekend.

2Good - your comment is a bit like the junior doctors going on strike and doing locum work at triple the rate.

You can benefit by striking too - it works both ways ….

Smart - you can quote as many Regulations as you like (I can Google them, too!) and you have every right to diss this RNS and much as you want - but you ain't getting back in @ 115p, as you had hoped. So, get over it!

Perhaps it's time for you to move on and move away for here. Can't you see you are most unwelcome?

Positive RNS and a fresh approach from the re-invigorated Board - keep it up!

GLA

Completely agree with you, Clueless.

Yes, it could temporarily go down to 2p in 'old money'. It's a bit like your interest in NCYT - 12 quid 3 years ago and now standing @ 64p.

Looking at transaction trend since, that was a definite BUY…

Can’t believe that is a SELL…..

If it is, then the MMs have found a home for them without too much trouble.

Onwards and upwards - I think there is a gradual realisation that this company is here for the long term and has been way oversold… IMHO

Smart - with respect, you have espoused a view with little, or no back up information to support it.

Well done if you sold @ 190p (personally I doubt it, as your 2 April post would have said so).

For the record, ITX didn’t lose the customer, they walked away because the customer thought it could hold a gun to ITX’s head. No company with ambition would countenance that a cheap tactic and this from a long-established customer - shame on them!

You have no evidence that the overheads have double relative to revenue, as some of that expenditure will almost certainly be variable costs applicable solely to that particular customer.

‘Initial pain for long-term gain’ - we don’t need transient investors…

DYOR.

I see Moany Man is back with such pears of pessimistic wisdom.

Not invested here, so why do you care?

It must be galling for you to see the TLY share price nearly double in the past month.

Go away and heap your miserable thoughts on another BB…

Smart - please don’t take us for fools.

On 4 April, you SAID you sold at 190p, when the SP was already down to 160p.

You would be more convincing had you reported your ‘strategic’ sale here on the only day when the SP was actually 190p - and that was on 2 April.

You couldn’t make up this stuff, or did you?

Smartinvestment - a ‘bloodbath’ after the H1 results. Really? JS has already alerted investors to lower revenue due to jettisoning a very greedy customer and this is reflected in the SP dropping from 270p to current levels.

Please don’t go on about how clever you were selling at 190p - good on you, but none of us LTHs really care.

If you’re not invested here, why bother to continue with crass comments? DYOR

And then we have moniman, who is invested in REDX. A company which lost £33m last year, has just about enough cash to last it until Xmas, lost 90 per cent of its share value in the past two years and has now been delisted..

And moniman comes on here preaching about TLY running out of money . What a nerve!

Good morning 2Good! How yer doing today?

This week, I see AGL (your much-prized investment) is down another 20 per cent to 11.65p. A far cry from its all time high 156p on 26 May 2022. What 2-year anniversary event will you be celebrating on 26 May this year? How about framing AGL's death certificate?

DYOR

Good interview with Ian King on the Business Section - a great promotional opportunity, well taken!

Back to JS's presentation - I listened carefully to the explanation of the lost customer and it was interesting to hear that the breakdown in negotiations was NOT as a result of failing to agree a price increase, but related to ITX refusing to give away to this (greedy?) long-standing customer, all of the post-pandemic global cost savings attributable to ITX's unit cost.

Presumably the cost-savings demanded were more than the profit ITX had been making on the $2m contract - so JS walked away and good on him for holding his nerve.

Yes, a major set back in revenue streams and profitability by about 12 months, but rather have this pragmatic conclusion, instead of reporting results next year that we are selling volume product at a loss.

Apparently, our 'lost' customer will more than likely have to replace ITX product with petroleum-based alternatives - well, good luck with that!

We look forward to welcoming back this customer, next time with cap in hand - so, fingers crossed....

GLA and DYOR

Interesting presentation - nothing really added to the RNS, but an honest appraisal as to where we are.

In response to a question and if I heard Laura correctly, the 'lost' merchandiser was not a direct customer, but an intermediary supplying two of our customers.

JS also intimated that these 'lost customers' will have to replace ITX formulations with ones which are petroleum-based. So if they have an eco-conscience, may be all is not lost and they may return to the ITX fold at some time in the near future.

This SP adjustment is understandable, as it skyrocketed from 120p to 270p on not a lot of news - that's AIM for you. When you're out of favour, you really are out of favour!

What is not understandable is the timing of this latest announcement. If it was done in concert with the approval of its broker, then it's poor advice by them, too.

If you listen to JS's latest interview, he refers to this customer as still be a 'good mate' having shared his wife's cheeseboard with them 16 months ago - what was that remark meant to suggest? Friends don't deal with each other in the way this has panned out.

Something doesn't ring true about not waiting to announce this with the April RNS on the 2023 results. If there was a contractual reason as to why this announcement could not be delayed, then shareholders have a right to be told - transparency is the key to any disclosure of such materiality.

In the interview JS states that the relationship with this long-time customer had gone from one of 'friendly' to one of 'mutual fear' - so JS, "What was the fear from our perspective?"

Having watch this interview a few times now, I have concluded that JS has been all too jocular and dismissive of this customer loss and it will take time to repair the damage for LTHs and those who see ITX as a match winner in the fulness of time.

GLA

Hi Elsol - how confident are you identifying DG as the lost customer?

Perhaps I've missed something here, but his company product range doesn't include dishwasher detergent, only laundry detergent and definitely no tablets whatsoever to be found anywhere.

Rest of your comments great! - thank you and keep them coming....

What JS hasn’t explained in yesterday’s interview is what this ‘lost’ customer does now. Do they go back to non-ecofriendly detergent tablets, or is there an alternative out there, which ITX is unaware of.

JS needs to calm down the market.

Troajan - thanks for the link. Good interview and explains it all.

Well done MMs today for mugging all those who live in fear!!

Qd - I took a slightly different view on this morning’s drop in SP.

MMS saw the RNS and took a chance that it was a negative . They had no idea what price to set at the opening, but were short of stock from pre-Easter. So that tried it on with a ridiculous price of 177p to sell.

Someone (a non-believer IMHO) took the bait and sold and that set the sentiment for the rest of the morning.

Time will tell, if my judgement is anywhere near correct

GLA

Thank DD - you could be right here - let's hope so.

The only additional question I have here is, why would JS make this specific revelation NOW, when he could have simply included it in the 'Outlook for 2024', when the Final results for 2023 are announced about this time of year?