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Cheers Dougerboy.
Interesting that my buys at 4.589 are showing as ‘sells’ on here. Just shows how not to take info at face value.
I think the current share price is bonkers which has been frustrating for my existing shares but at the same time a great opportunity to buy.
When I read about the latest Velasoft product it served as a helpful reminder of why I invested here. I also liked the words “product lines for a new generation….” Maybe that should become Itaconix’s slogan!
Afternoon everyone well I’ve just added 30,000 more ITX as I believe an announcement may be imminent. In the September half year report you will no doubt recall it stated that “The Company announced the filing of an important patent application in April for new plant-based technology to maintain the natural health and shine of hair. A new VELASOFT® product will launch this fall based on this proprietary technology for use as a key ingredient in consumer and professional products to prevent or repair damaged hair.”
Last week John Shaw presented at the Alternative Fuels and Chemicals Coalition conference in Washington. I wasn’t there but in the session overview for John Shaw it stated: “New functional ingredients are emerging from the Itaconix technology platform to expand the VELASOFT® beauty and VELAFRESH® hygiene product lines for a new generation of personal care products. The Company will be announcing a new VELASOFT® product for improving the health and shine of hair.”
Can you imagine the size of the addressable market here!
With the news channels full of COP27 over the next 2 weeks surely there is an opportunity for Itaconix to release some positive news about its many contributions to a greener future.
End of 2023 IMHO.
Expect H1 2024 to be the first half with a net profit.
Of course if they choose to invest in a bio-refinery in US and/or Europe then who knows.
Many commentators say the pivot from bear to bull market is very close possibly days away. Tomorrow is the first opportunity at the FED meeting but I suspect they will remain hawkish. However, come the 14th December meeting I think their tone will have changed. It feels like the markets are actively looking for a bull market having squeezed what they can from the bear market.
This all matters a lot to Itaconix as a technology growth share. Many excellent US tech shares are down over half their values because of the bear market. So when the pivot happens I expect Itaconix to be a major beneficiary. Combined with Itaconix’s plans for the next 2 years and we could be seeing massive returns over coming months. GLA
Hi AJP I suppose it all depends how their deals and payments are structured so impossible to say for sure without knowing this missing info.
I just remember from Brexit that those UK companies who were big exporters were winners due to a weaker Sterling
Hmmm apologies if I’ve misunderstood but that doesn’t make sense.
From a sales perspective if we are paid in GBP the exchange rate is irrelevant as nothing to exchange.
But if we are paid in US$ then the conversion into GBP will benefit from a strong dollar.
However a weak pound does mean we are worse off when buying raw materials.
Unfortunately it’s a level of financial detail ITX doesn’t go to.
AJP is a recovering pound and euro against the dollar good for Itaconix? It may be good for sales in Europe but if the majority of business is currently in the USA then I’ve always thought a weak pound is a good thing for the dollar sales.
If we don’t have an RNS next week I can see us dropping below 4p. That’s my buy target to add more shares and average down from my 7.5p
JD and BR sounds a fair summary to me and why I don’t see the share price moving before the next significant trading update in January. Yes we may get some positive RNSs before then on new products and new customers but that doesn’t address the profitability issue. I am hopeful that the increased turnover in 2023 is the route to profitability.
It is a worry how long the road to profitability it taking and I still think a partnership with a global chemicals specialist is a much faster route. The company’s IP is immense and incredibly valuable but to realise it’s ambition of two bio-refineries in US and Europe in the near term it needs someone with big bucks.
Amidst all the gloom of the last few weeks I can think of several reasons for optimism:
1. First the Itaconic plans for 2023 and beyond are for impressive growth and diversification. I won’t bore you with the detail as everyone here is invested for those reasons.
2. With shares and life in general I find that it’s always darkest before the light and right now feels pretty dark in terms of sentiment.
3. We are going to switch from a Bear market to a Bull market at some point. All the long term stock market charts based on decades of stock market cycles are flashing. When this happens historically the jump has been enormous and you don’t want to miss it.
4. The global political situation has to improve. It really can’t get any worse. Let’s face it if it does go to ww3 this all becomes irrelevant so pointless factoring Armageddon in. There are signs that Putin may be willing to do a deal to save his own skin.
Not only that we have weathered Covid and the inflation problem would be solved overnight if energy prices fell due to a cessation of hostilities.
5. There are likely to be positive RNSs from Itaconix over coming months. To be honest the recent ones have been very positive but they are like life buoys in stormy seas at the moment until the general market sentiment for growth/technology stocks flips.
I would never suggest to anyone what they should do but sadly so many private investors bail out just at the time they should be piling in. Good luck all.
Wow! Well I did say yesterday things at home were unstable. Chancellor sacked, a second U turn. At this rate they’ll be bringing Boris back!
Unfortunately the US CPI monthly report was not good news so no doubt the markets will take another battering. Who knows what will happen closer to home but it feels very unstable. I hope there is some good news soon or I think we could dip around 4p in the coming weeks. If so, I will add as the markers will switch from Bear to Bull at some point and when that happens historically the jump is very fast so I would not want to miss it.
My average is around 7.5p now so it hurts to see the share price this low but I see it as an opportunity to get my average lower in anticipation of a very positive 2023
These next few days could be an amazing opportunity to top up depending what happens with:
1. Today’s US Inflation report at 1.30
2. Market turmoil in the U.K. next week if BoE sticks to its word and withdraws support
If Itaconix dips to 4p I’m adding big time
Looking at previous years I can’t see a trading update for July to September period following H1. The next trading update has always been in January. Might explain the share price drift.
As a matter of curiosity why didn’t Steve Moore from Share P like the look of Itaconix?
It is massive news but the problem with this RNS (and others in the past) is that John Shaw hasn’t given any description of what this will mean for the company financially or developmentally.
They really need to learn to put a bit more meat on the bones to get the share price moving! But as others have speculated it might not be in the company’s interest to drive the share price higher for a few months.
Indeed! This feels like another typically understated RNS:
Brenntag is the global market leader in chemical and ingredients distribution. The Germany based international company manages complex supply chains for both chemical manufacturers and consumers by simplifying market access to thousands of products and services. It combines a global network with outstanding local execution. Therefore, Brenntag is the industry’s most effective and preferred channel to the market for partners – really living its philosophy: “ConnectingChemistry”.
Brenntag operates a global network with about 700 locations in 78 countries. With its global workforce of more than 17,000 employees, the company generated sales of EUR 14.4 billion in 2021.
For Brenntag, the business goes far beyond the sheer distribution of chemicals. Brenntag...
connects chemical manufacturers and chemical users in a value-adding partnership
supports its customers and suppliers with tailor-made distribution solutions for industrial and specialty chemicals
offers a full-line portfolio with more than 10,000 products and a world-class supplier base
serves as one-stop-shop to around 195,000 customers active in diverse end-market industries such as coatings, food, oil & gas, pharmaceuticals, personal care and water treatment
has long-standing experience in the individual countries and local excellence through its sales and marketing organization of more than 5,000 experts
offers specific application technology, extensive technical support and value-added services (i.e. just-in-time delivery, product mixing, formulation, repackaging, inventory management and drum return handling)
manages the business regionally, holding leading market positions across Europe, North America and Latin America and continuously expanding its presence in the Asia Pacific region
sets safety standards within the industry and operates in line with the “safety first” principle globally
strives to contribute towards greater sustainability in all the industries and application it serves
Thanks for the code 100 buy explanation AJP and congrats on your buy at 5p. That’s the attitude I take. Rather than be depressed about the current share price I see it as an opportunity to add on the dips.
I’ve bought ITX shares up to 13p previously and I ask myself is the company in a better or worse position since then. I think we all know the answer to that. So buying at 5p is an easy decision for me.
It’s an odd human characteristic that we are hesitant to buy when something is cheap lol
GLA and always do your own due diligence.
Itaconix Corporation has been named a finalist in The Spectator - Economic Innovator of the Year Award for 2022! https://lnkd.in/edED3tmD