Member Info for Smartinvestment

JD what you’re saying is fine for an established company with a large turnover but for a company the size and turnover of Itaconix a major new customer or product line is a big deal and personally as a shareholder I would like to be informed.

Still doesn’t answer the delay to the share consolidation.

I am very surprised that there has been no RNS regarding new products or customers which were on the timetable to have occurred by now.
I think that these have occurred but for some reason Itaconix wants to leave it until the January update. Likewise they have chosen to “delay” the share consolidation. This was agreed in the summer AGM so however you paint it they have chosen to delay it to next year.
I wonder if there is some financial benefit to the company to keep the share price low until the New Year?
On a more positive note I believe the January update will therefore contain a lot of positive news which has been held back.

Hi AJP I will be satisfied if Itaconix hits the new $5.2m target as that means it is achieving its trajectory and well on the way to break even at the end of 2023. Anything above this is a bonus.
I think it’s increasingly looking like we will have to wait until the January year end update. This might explain todays mini sell off. I will be adding more shares at this price as I am very confident the January update will be a good one. I just have a really good gut feeling that the share price is going to surge by end of January. I feel a lot of good news is being held back until the January update and that will provide the catalyst for an excellent 2023. The switch from Bear to Bull market in 2023 will also help matters. All IMHO of course. GLA

Powell’s shift tonight is small but massive. I’m calling the start of the new Bull run. If Itaconix deliver a trading update in January in line with expectations this is going to seriously shift upwards. After a brutal 18 months our patience will soon start to be rewarded. All IMO of course. GLA

Nice to see a solid green week with buy price up to 5p. Even if the next RNS isn’t until mid January then I expect to see upward price action in the run up. This alone could see us up to 7p which is a 40% return. Then depending on the trading update who knows where the share price will go to.
Very pleased I topped up below 5p and trying to convince the wife to spend “Christmas present” money on more ITX shares lol

Another great find Thordon. Do you know when the new product formulation commenced approximately?

1,158,022 shares traded today. That’s at least 5 times the usual daily average and the largest amount of shares traded since:
5th October when there was an RNS
14th September there was an RNS

Could just be a fluke but fingers crossed news is on the way!

Elsol you hit the nail on the head! The IP is immense and I am also expecting a surge in share price early next year. Progressive revenues will bring us closer to break even during 2023 and also the company will soon be able to pick and choose which are the most profitable elements of its business. Itaconix has such an incredible range of IP protected environmental solutions it it staggering and these products are getting rolled out daily as Thordon’s excellent research shows.

Then add on to this the shift from bear to bull market in 2023 and its game on. I agree with AJP’s timings on when we are likely to move to profit and remember the markets are forward looking so even if it’s 2024 when we start to see profit that really isn’t far away.

By next Spring I predict we will see a share price routinely in double figures so I will HOLD and ADD while this stock remains at bargain basement price. As AJP has previously mentioned there is strong support above 4p so I think this is as cheap as it’s gonna get. GLA

Good spot AJP. Itaconix and their products certainty getting around!

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.