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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.

Wow! When I see a buy that big I think something big is coming. I’ve just done a small top up myself. Took a while for my buy to go through at 110p so I think the price will be shifting upwards.

A well overdue rebound for the share price and a poke in the eye to the Shorts here who said this was going to 22p 😂

If you believe a fundraise is coming (and there are valid reasons for this) then this is a reason to buy now! Why? Because I believe there will be a major news announcement before any fundraise. There are now so many irons in the fire. Brompton Cycles was just an appertiser. DYOR.

Hi AJP your calculations about Europe look logical. I can see Europe overtaking North America sales at this rate especially as the legislation is moving faster over here. Can’t believe the share price is still so cheap but its good for topping up my ISA. Feels increasingly like a multi-bagger investment now that my average is 120p.

Itaconix is returning to the AOCS Annual Meeting & Expo in a couple weeks!

On May 3-6, Itaconix will join other global technical leaders for a week of presentations, networking, and exchanging ideas and innovations. Our team is looking forward to connecting in-person with industry peers, leaders, and partners.

Attending AOCS and want to connect with us directly? Head to our site for more info and to schedule a time to meet with our Technical Product Manager John Fernald: https://lnkd.in/dJwfyaTn

That is excellent news AJP. Can’t believe I missed it. Has massive implications, no wonder business in Europe is flying!

I think they said Europe is growing at 50% per annum. I’m just sat in the background quietly accumulating shares. Thanks to the Iran war Green Politics are back in fashion and after November even the US will start to pivot as the Democrats win control of Congress.

Hopefully proactive will stop you getting your hands on shares at 22/23p. As a long term investor I hope the blatant Shorts here trying their best to undermine the price are unsuccessful.

The company will not raise funds when the share price is this low. I expect further announcements which send the price much higher before they carry out any necessary fund raise. Thats why I think Shorts are playing an extremely risky game hoping they might get in at low 20s. IMO I think they will miss out on a big jump in share price in the coming weeks.

@restorer thanks for this great find.

Interesting quote from the article “Cash reserves of £6.9 million, plus an R&D tax credit, provide a runway to mid-2027, enough financial breathing room to get a deal done.”

Good point @D-Geeman

Ilika SS batteries are suitable for many high quality products which people invest in for a few years. For example a Dyson vacuum vs a cheap chinese equivalent.

I’m expecting many more announcements this year, including a big defence announcement with a UK company working with the govt.

Ilika have created a top quality product and quality always wins the day (think Apple).

PS- Funny how the shorts on here try to spin every positive announcement as bad news 😂

Ilika has announced the launch of a 12-month joint development initiative, named the SELECT programme and which is supported by the Battery Innovation Programme, with Brompton Bicycles. The objective of this programme is to integrate Ilika’s 10Ah Goliath solid state battery cell prototypes into the battery packs for Brompton’s upcoming new generation of foldable ebikes. The programme is scheduled to commence on 1 July 2026 and will entail the production of battery packs incorporating Goliath 10Ah battery cells, followed by on-bike trials. The progression of these activities is contingent upon the achievement of specified technical milestones, with both the production and trials expected to take place by mid-2027. Successful trials could open new and commercial market, and licencing opportunity for Ilika.

Sales of new electrified car sales surged to their highest on record in March, which saw more than 196,000 new fully electric, hybrid and plug-in hybrid vehicles hit the roads across the UK.

Thought we’d be flying up after the interactive investor recommendation. Maybe it’s just war jitters

@Upsanddowns2024 they say timing is everything with investing and IMO now is the perfect time to invest in Itaconix. A lot of investors here bought in when the price was ridiculously high a few years ago which is no fault of the company. Back then it was all hope and hype without the supporting numbers.

Fast forward to 2026 and the company revenue is forecast to be circa $13.5m for 2026 and positive cash flow comes in 2027 (that’s backed up by the broker’s detailed forecasts). The current market cap is really low at circa 2027 estimated revenue. The great thing about their revenue is that it is reoccurring and growing at a solid rate. I expect them to be at $30m by 2030. They also have tons of IP which is referenced by everyone else in their sector. They are now in the happy position of being able to choose which applications to grow their business in based on highest gross margins.

The current share price is being held down by Octopus Investments but that won’t last.

Also the investment environment has been anti-green since Trump came to power but that is cyclical and will change after the November mid-terms.

I am continuing to add shares below 130p as my expectation is for the share price to be in excess of 260p by this time next year. I can’t think of many shares where there is a solid case to double your money in 12 months.

All IMO of course and glad that you are doing your own research.

Great spot! Thank you

https://ii.co.uk/analysis-commentary/five-aim-growth-shares-your-isa-2026-ii538666