Member Info for justdeezerts

Unhooked - it's not as bung, far from it.
As a joint-owner of the recently-acquired Pioneer, John McMullan 'bravely' took part of his deferred consideration in TLY shares. I presume he could have opted for additional cash instead of shares, but his recent appointment to the main Board shows that he is in for the long haul.
GLA

Tom - as I posted yesterday, I still think this recent drop has something to do with the Black Rock announcement. Even if BR aren't a forced seller, maybe the disclosure of illiquidity within its UK Property Fund has created market sentiment that the SP is more likely to fall than rise in the short term.

Hmm - I reckon it may be due to this news from Black Rock last Friday (see extract below).
Take that news with RNS notification that BR had reduced its holding in PLUS to below the 5% notification level......
So, maybe some more selling in the short term. But regardless, PLUS still a great long term hold

EXTRACT FROM NEWS ARTICLE:
"BlackRock has also imposed restrictions on second-quarter redemption requests from its £3.5bn UK Property fund.

Unlike during the UK property fund crunch that followed Brexit and the onset of the Covid pandemic, which caused fund houses to suspend trading in many retail property funds, the asset managers have not gated these particular property funds — which are for institutional investors only — and they remain open for trading.

The increase in redemption requests comes as pension funds look to reduce their exposure to less-liquid assets, with rising interest rates leading to a reduced appetite for high-risk investments such as real estate.

Others have been looking to adjust weightings within multi-asset portfolios, where the allocation to property has exceeded the limits set by the fund’s mandate due to falls in equity and bond markets."

GLA

Hi Thordon - your post on 12Nov on BELO Whitening Cream...
Have I missed the point here, but the only reference on your weblink is that this product contains 'Itaconate Copolymer', which happens to be a generic definition for a chemical compound.
I quote:
"Itaconate Copolymer is a copolymer formed from the half ester of itaconic acid and one or more monomers of acrylic acid, methacrylic acid or one of their simple esters."
If I am right (and as an LTH here, please prove me wrong), surely it is misleading to suggest that every product which incorporates an itaconate copolymer is an ITX revenue stream.
GLA

Thordon - I tend to agree with DFV on this one.
Maelic Itaconic Acid CoPolymer (MIAC) has nothing to do with ITX. This stuff has been around for around 10 years...
Manufactured by NutriSphere.

https://scisoc.confex.com/scisoc/2016am/webprogram/Paper99029.html

https://simplywall.st/stocks/gb/healthcare/aim-tly/totally-shares/valuation

GLA

Really impressive, today. A measured performance with no histrionics, IMHO!
Extremely informative on current trading and on our future prospects - even to the extent of giving us a peek into the Board's view on how a future Labour Government would impact (if at all) on the Company's future growth... Worth watching the recording, if investors missed the online presentation, this morning. GLA.

DeepFeck - I reckon you'll need to remove a possible imminent RNS from your Xmas wish list. JS doesn't operate in that way. Based on his previous track record on RNSs, we'll have to wait until end of Jan 2023 for the next one - i.e the Trading Update.
It's great that ITX products are finding new global markets, but they come with the usual set-up costs, before they can add serious profitability to our bottom line.
JS has already warned us that ITX will be loss-making for up to another 24/30 months. So, with continuing investor support, the rewards on this long-term investment will be seen in 2024/2025, at the earliest. In my opinion, this time frame is reflected in the current SP. GLA

OX - BH is COO @ Revelation Beauty, NOT Boohoo! Another mistake...

In an RNS last October, there was a rebuttal to an adverse press article regarding TLY's contract (worth £4m+) with South West London, which was due to expire on 31 May 2022.
There was a question as to whether it would be renewed.
Well TLY, was it?

GLA

OX - slight exaggeration, if I may say so.
BH has been appointed caretaker Chief Operating Officer @ Revolution Beauty, in which Boohoo has a 7 per cent investment.

Perhaps a possible explanation for the 30 per cent drop in SP, using the following timeline:
7 Sept - announcement of investor presentation set for 14 Sept - SP 4.8p
13 Sept - SP peaks @ 6.6p (in anticipation of the next day's presentation)
14 Sept - SP closes @ 5.35p
Today's SP @ 4.35p

I am a big investor here (never sold a share!)! So for personal reassurance, I have occasionally revisited the company presentation of 14 September to remind me as to what our Board has told us.

Firstly, I applaud all of the research on this BB - absolutely brilliant (thank you all, especially to Thordon) and yes, we have a fantastic opportunity to 'clean up' with our unique proprietary product range.

As JS continuously reassures us, record levels of revenues with new customers and new revenue streams being achieved through product performance. Then we have the additional (free) benefit of decarbonisation, as a highly-charged political by-product.

But whilst revenues are key here for future growth, surely the end game is all about profitability and how soon we can convert those future profits into hard cash, thereby eliminating the need for future cash calls. Warren Buffett says: Higher revenues for no profit make us busy fools!

So on the topic of profitability, please revisit the presentation (around 32 minutes in?)
JS 'slips in' a casual reference to breakeven being some 18 months to 24 months away (but possibly, sooner).
In other words, putting it another way, it suggests that we have a further 18 months to 24 months of additional losses.

Yet inexplicably, what the presentation failed to mention was how the 2022 (H1) losses of $940k were funded?
In essence, they were funded by a combination of extended credit from suppliers ($622k) and an equity fund raise in Apr 2022 ($380k).

So, going back to the anticipated losses projected by JS for the next 24 months - how are these losses going to be paid for and why did JS consider this point not important enough to mention?

Could this be a contributing factor to the market's negative conclusion to the presentation (financially speaking).

Perhaps this is partially the reason why we find the SP back to square one!
GLA

Oops! Bob HOLT of course - apologies Bob....

I think the recent decline in the SP, lay with Bob Holt's AGM Statement on the company's future outlook.
Of all the things he COULD have said looking forward, he specifically referred to "the challenging environment of escalating costs". This comment had already been referred to in the 2022 Annual Accounts, so one has to question the purpose of re-stating it at the AGM. Regrettably, some may have interpreted this as a veiled profits warning.
And let's face it, in this bear market, any sign of negativity will hammer the SP.
Considering that Bob Short is a Chairman of vast experience, for me this was an own goal and investors are paying a short-term penalty for his unexpected outburst.
Still a great business, though.....
GLA

AJP - be careful what you wish for tomorrow. It’s all about the JS presentation and we know he’s not the greatest speaker.
I’m hopeful that recent expectations will finally be converted into long-term groundbreaking developments.
Fingers crossed for tomorrow to all LTHs.

Wacca
These small sales aren't based on any RNSs
Far as I know, there's no information out there to attract, or discourage investors.
People sell for many different reasons and personal circumstances related to ITX.
Some could be cashing in simply to pay their energy bills - who knows?
There is nothing to suggest that the intrinsic value in ITX has changed.
So just chill out, please!
GLA

Last year's interim results were announced on 28 Sept 21 - so still over a month to go on that one...

An old press article (July 18), but a comforting one for ITX:

https://www.azocleantech.com/article.aspx?ArticleID=760

All have a good weekend
GLA

Luthrin - Interesting point you make about the deferred consideration.
It's a shame that the Directors are rewarded for increasing annual revenues in excess of $3m, but still no profits.
Presumably at that time of the amended deal (when revenues were $3m), it was expected that a revenue level of $6m (hoped for in 2022) would generate a positive EBITDA.
By my reckoning, at 30 June 2022, there was a cash balance of $900k (and taking out the $300k fundraising in April 2022), that would result in $6m of sales just about at profit breakeven.
So high reward for still no profit, methinks...!
Hope I'm wrong!
GLA

For ITX's post-consolidation SP to be $1, and with the current exchange rate of $1.21 to the £, then the ITX current PRE-consolidation SP would need to be around 8.25p.
So, some big news needed. Fingers x'd!