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@Paris_TV

Were you able to successfully transfer the 20k Itaconix shares into an ISA? Apologies for being nosey but I’ve just been worrying whether a 20k sell was going to appear or not and the effect that would have on share price .

Does anyone know why the RNS no longer feed through to this board? There have been 2 or 3 this year that didn’t appear.

I thought it was strange that not one share was traded yesterday on the back of the announcement. Clearly the US election result continues to weigh over Itaconix. Yesterday I see the US pharmaceuticals got hammered with RFK’s appointment. So far the new President doing everything he said he would, so the threat of tariffs is clearly real.

If you sell 20k of shares the only price movement will be down! (Unless there is a totally unexpected piece of good news). I’m not expecting another update until mid January but always DYOR.

Thanks AJP good research. Hopefully the company are busy looking at a Plan B, as so far the president elect has been true to his word, going by his appointments and statements to date. Strategically no company in this modern era of uncertainty should rely on one source (especially China) for its raw materials.

A crumb of comfort is that many companies this side of the pond saw their shares fall last week in reaction to the threat of tariffs.

Hi AJP, I also hold ITM shares who like all green energy stocks were hit yesterday despite the US having very little relevance to their business. Personally I used it as a golden opportunity to top up following the recent budget announcement on green hydrogen and director buys. They didn’t put out an RNS. I can’t answer for other companies as I’ve not got the time to trawl through RNS releases for other companies I’m not invested in.

I think the company could come out and tell us how many months / years raw material they have as that could be very reassuring given how much they have imported this year.

My point is that if they don’t we know from experience the share price will drift until we get closer to a trading update in mid/late January. Maybe that doesn’t matter if you are looking to add more shares in the near future. As you say it’s just very frustrating.

Yesterday’s market reaction was an across the board sell off of green energy stocks. As other posters have stated the US really has little impact on the future of ITM. After the recent budget announcement and director buys, IMO this is now a compelling buy which is why I have been busy adding ITM shares.

Clearly the issue has caused great uncertainty and that won’t be good for the short term share price. We could really do with some reassurance from the company as to how big or small an issue this is. We could all be worrying about nothing or we could have genuine cause to be worried. We just don’t know.

So again I repeat my call to the Board of Itaconix to get some communications out please. You have a morale responsibility to protect to share price and not let it drift until the January trading update.

Good suggestion DB. Just to add:

John Shaw - please release RNS with the company’s contingency plan ASAP. A reassuring RNS this week would be greatly appreciated as clearly investors are worried and 2 months to wait for the next trading update now feels a long time away in light of last night’s result.

From Sky News money blog this afternoon:

“Of most concern to America's trading partners and allies will be Mr Trump's promise to erect barriers to free trade. The man who said tariffs "is the most beautiful word in the world" has pledged a 60% levy on Chinese imports and 10% on those from elsewhere, a deeply protectionist move that could trigger a trade war with both China and the EU.

These can only increase prices in the US, with importers paying the levies at the point of entry, and other trading blocs likely to respond in kind.”

Let us all sincerely hope that this doesn’t happen in reality because a 60% levy would be a major risk to the company. Customers will only absorb so much before they say it’s unaffordable.

Agree waccamacca.

If people sell this becomes a self-fulfilling prophecy.

If tariffs go up then I’m sure Itaconix will adjust its pricing to protect its gross margins.

President elect Trump doesn’t commence his presidency for another 2 months and by then we will have the next trading update so personally I will be holding onto all my shares. Also what Trump says and does are not always the same thing.

This is the first time in a long time all long term investors have been in unanimous agreement that the company is progressing leaps and bounds in the direction we would like. The fact that we all believe the best is still to come, next year and beyond, is also an exciting thought. The January trading update should be a massive catalyst for share price.

The sea of blue buys today speaks volumes.

Titled “Strong 2H trading.”

“This implies 2H revenue close to $3.7mn, only marginally down on 2H23's record $3.8mn and implying growth outside the scaled-back merchandiser relationship of more than 80% y/y!!!!

Our forecast implies a FY sales total some 16% ahead of 2022, demonstrating the rapid progress in generating new accounts, orders and products. We highlight strong progress with customers in Europe, in cleaning and in odour neutralisation. We also note the continued strong growth in margin in polymer sales, which we estimate to be up around 7% y/y, reflecting the better pricing mix the company is now achieving.”

Revenues are tracking towards the upper end of its previous revenue guidance ($6.0 to $6.5 million) and gross profit margins for the full year are expected to be in line with previous guidance (at circa. 36%).

Revenue growth from the first half to the second half is supported by volume increases in the EU and North America, increased volumes with cleaning usage in new brands, steady beauty volumes, and growth in hygiene revenues.

John R. Shaw, CEO of Itaconix, commented:

"Our progress in the second half continues to show strong results from our efforts to expand and diversify our customer base with more profitable revenues. Our major investments in new marketing capabilities, new products, additional product studies, global regulatory approvals, better production, and organizational development are starting to pay off with the types of customers and revenues that we want to reach profitability and become a large, highly-attractive specialty ingredients company."

Brian Brand joined Itaconix as Marketing Director in October to lead and expand these efforts. Brian has a strong record of generating new revenues from his work across B2B and D2C channels at leading consumer products companies, including Timberland, Burton, and most recently Yogibo.

CNS would have been a good tip 6 months ago!

Thanks AJP. 400 metric tonnes so far this year is impressive.

Just for context in 2023 it was 140 Metric Tonnes and that included serving the large customer that was ditched due to low volumes. So almost 3 times the 2023 volume. It all feels like we are building up to a monster of a trading update. GLA and let the good times start rolling. DYOR.

Branch Basics new laundry product includes Poly (itaconic acid-co-AMPS) Sodium Salt- a polymer and water softener.

Branch Basics is a relatively small ($40m revenue in 2023) but like Itaconix is rapidly growing (42% year on year revenue). Their products are top quality and expensive clear aimed at discerning customers. Good company to get in bed with.

After the panic caused earlier in the week by an investor seemingly unloading their shares, it is good to see sense has returned.

I remember when my mother passed away the estate had to sell her shares even though the price was not good. Sometimes there are underlying reasons behind a sale that have nothing to do with a persons opinion on the company.

The last quarter is traditionally a very good quarter for share prices and whoever wins the US election won’t come into power until mid January. By then we will have had a trading update and hopefully the Itaconix share price will be back over £2. That is really the bare minimum price (4p) in old money so I don’t think that’s being overly optimistic. I hope one day to see us at £10 as crazy as that sounds today.

GLA and DYOR

For once, I’ve timed my top up buy yesterday at £1.00 spot on. Today’s Buy price is already up to £1.17. Nice to feel happy with ITX for a change. Onwards and upwards.