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@Concentr8ed great to hear from another voice. I think your post makes complete sense. I’m confident the company will execute its strategy as it has delivered every recent trajectory forecast by brokers.

The only part I disagree with is the 35 - 40 trading days. I wish we saw big volumes of buys like today every day, but unfortunately such days are rare. Perhaps we have turned a corner and volumes increase moving forward. If so, your hypothesis holds true. If not, we will need to be patient a while longer.

Moving forward I will keep a close eye on trading volumes and if these do increase then I will add more to my decent holding as volume is the key. At the moment I’m sitting on dry powder waiting to see evidence of upward movement.

Yes circa £26k buys and the price has gone up 1p. My assumption rightly or wrongly is that the brokers are feeding through Octopus Investments continued sells in the background. Sometimes these are reported a day late.

However, today’s trading action looks more positive than normal and I really hope we get an unexpected RNS tomorrow.

Nice to see a sea of blue buys this morning. Has anyone seen an Itaconix share tip like the one from interactive investor a few weeks back?

I always hope that a sea of blues means a RNS is coming. Wishful thinking perhaps but who knows.

I think this chart analysis sums up the current debate very well. Something for both the optimists and pessimists.

https://stockinvest.us/stock/ITX.L

This is helpful for Ilika’s partnership with Cirtec and future approvals of Stereax in medical devices.

The UK and US have agreed to strengthen regulatory cooperation on medical devices, setting out a pathway towards mutual recognition of approvals that could accelerate patient access to new technologies in both countries.

Full article in medscape.

https://www.medscape.com/viewarticle/uk-and-us-set-path-shared-medical-device-approvals-2026a1000dum?ecd=mkm_ret_260430_mscpmrk-GB_HeaSnap_etid8306510&uac=366004MJ&impID=8306510

Just to add that last July we were at 135p before Octopus Investments started selling. We’ve had nothing but good company news since then but we are now at circa 110p 😢 The correlation between Octopus Investments and the share price seems obvious.

The solution is obvious IMO. When the patient is bleeding out you first have to stop the bleeding. If I ran the company I would be urgently looking for a new investor to buy the remaining million shares that OI hold at the current share price. Then the share price would start to move up. If they announce that I am all in.

@MarcusExile I agree with the positive points @AJP08 makes. I wish he was in charge of Itaconix comms. Everything looks rosey from a company performance perspective.

The bit no-one here (including myself) seems to understand is the share structure and why the positive news doesn’t translate into share price rise. Perhaps it is simply down to Octopus Investments selling shares since last summer. We don’t know when this will end and they still have over a million shares. That is a lot for the market to absorb if they are selling them all which I stress we don’t know.

On the flip side there seems to be solid support at £1.00 so the potential downside from here appears to be no more than 10%. The upside could be anything if something acts as a catalyst for share price growth. We desperately need something out of the ordinary to get the party going. One day I believe that will come. But I have given up guessing when that day will be. It could be tomorrow, it could be next year, who knows. Green stocks are out of fashion at present but that will eventually change alongside political shifts in a few years time.

My current position is to hold what I have and wait for the share price to start moving upwards. If that happens I will invest further. I’m not much of a chart expert but even I can see that the current chart is flat lining.

AJP I didn’t as I think it will go to the same team and get the same answer. Please see if you have any more luck getting any more info but I doubt they will say anything else.

They owned 10.7% of the company shares last August but now hold 7.9% which is just over a million shares.

Everything is going in the right direction except the share price. I think the company’s growth is impressive and they will have a cash surplus for the first time next year. That is a massive milestone.

In terms of share price we are in the doldrums because octopus investments keep selling their shares. It’s that simple IMO. I calculated that at their present rate they have another 8 quarters to unload their remaining shares assuming that they wish to unload them all (which none of us knows)!

My feeling is that this is a long term hold particularly when market sentiment swings back to green tech with political changes.

I don’t honestly see the July update making any difference as we already know the projected income from the detailed broker forecasts, unless there is an upside surprise which AJP thinks there will be.

We need Octopus investments to stop selling so the share price can rise in line with the excellent progress the company is making.

Stereax will be a massive earner over time. The addressable market for smart implantable devices is billions and I don’t see any competition to Ilika’s tiny battery.

I think we need to look at the facts. The TR-1 says the date the new threshold was reached was 24th April. This means up to last Friday at least they are continuing to sell. Given they are continuing to sell when Itaconix is ‘on the up’ infers to me that a decision has been taken by OI to sell out. Otherwise why would they keep selling?

It is frankly a self-defeating and short-sighted move by OI who will have lost a lot on their initial investment bought at a much higher cost. Unfortunately the indirect consequence of their actions is impacting on all of us LTHs.

None of this is a reflection on Itaconix and I had planned to plough in a lot more at this lowly price because the company itself is doing great. But I’m worried from an investment perspective that we are simply buying the shares OI are getting rid of which means we could have a long period where the share price growth we should be enjoying is negated by OI’s actions.

They are making Stereax batteries

Done and here is the reply (with names redacted):

Good morning xxxxxxx,

I hope you are well.

Unfortunately the only information I would have on this would be that it is an AIM listed holding so would be part of the AIM team's portfolio and would be dealt with by that team.

As it is a discretionary managed portfolio, they don't even really tell us what their plans are in terms of selling or buying certain holdings until that has already occurred so I wouldn't have that information to give out unfortunately.

Please let me know if you have any further questions or queries.

Kind regards,

xxxxxxxxx

And people moan when Ilika raise a few million 😂

Thanks AJP

Is there any way you or anyone can think of that we can find out if / when they will be done?

Ok so Ocotopus Investments are seriously starting to cheese me off. We really need to know whether they plan to get rid of their entire Itaconix holding as they still hold 7.8%. They appear to be reducing their holding by 10% every quarter and at the present rate we have another 8 quarters of this.

The company didn’t really give a proper answer to this at the Investor meet company event.

The elephant in the room is that whatever shares we keep buying is being undermined by Octopus Investments selling at an equal rate. I know another poster commented on this several months ago and they appear to be correct in the ongoing impact this is having on share price.

Still say this is a strong long term buy, but that long term seems to be getting pushed out longer and longer because of Octopus. Really frustrated as you can no doubt tell 😤

Actually there is already a lot of evidence for this. I subscribe to Bloomberg and these are just some of the EV articles from the 2 weeks:

Why 2026 is the year batteries go mainstream

Bridgepoint pumps £100m into EV fleet manager Zenith

US charging networks race to keep up as gas prices boost EVs

Mercedes steps up China comeback with sport electric c-class

Tesla sales helped by high gas prices

Tesla boosts spending plan

The global race to crack china’s battery dominance

Gulf war pushes EV sales to record

Nissan betting on China speed to get back on its feet

China clean tech exports jump as Iran war spurs demand

Hormuz crisis is biggest energy disruption ever

Audi bets on splits branding to regain spark for China car buyers

BYD pushes to be first Chinese member of Europe’s car lobby

Whilst war is truly a horrible thing, it has reignited demand for EVs on an unprecedented scale. The impact of oil prices above $100 a barrel has a long term influence on consumer decisions well beyond the duration of the war itself. This in turn is leading to car manufacturers accelerating their EV development programmes. Ilika is well positioned to benefit from this upcoming shift.

Perhaps just a canny investor who realises that the current price is an anomaly caused by octopus investments. I sense that the bottom is in now and think octopus have finished their internal readjustments so that drag on price should be done. Otherwise I think we would have been around 200p by now. I’m feeling very positive about this year.