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The company is transitioning from making a loss to making a profit which I expect in the second half of 2021. I think when there is a profit on paper in H2 this will lead to a significant further increase in share price.

Looks like someone with money knows what we know! :-)

EoB I can understand why you would think many are over optimistic about future share price but you need to take into account the limited available float. 84% of shares are held by insiders & institutions. This makes the share price move up and down on relatively little volume. So positive or negative news has a massive impact on share price.

AJP - I agree. I was just trying to explain why the market reaction will be limited on this good news announcement. Referring to my notes from the investor presentation / Q&A earlier this year this is one of the developments discussed.
They said in the 2nd half of 2021 aiming for:
- 2 new US major brands
- 1 new European brand (tick in the box)
- On top of this Itaconix said they will also be introducing one new product.
They said they expect major revenue growth
Lots of penetration with existing products
Lots of opportunities for new application
Lots of opportunities for products
“Vast range of chemistries we are sitting on”
“Nice opportunities already emerging”

It’s great news but they haven’t give the markets much to go on. i.e. there are no numbers.
Until Itaconix provides more detailed information on its financial progress there will be limited uplift IMO

*£33

Bought back in today. Really don’t believe the doom and gloom merchants about this dropping below £3. Agree that the company has carefully played down expectations and look forward to future positive trading updates.

Judging my the market reaction yesterday it’s a positive change. Personally I hope the main listing is in the US where growth stocks are more appreciated.

Ironically I invested in FinnCap earlier this week. They are doing extremely well and provide unrivalled expertise in sell-side M&A and buy-side M&A. Whichever way they work with ITX it will lead to increased value for shareholders

Always happy to buy SLP under a £1. Strong resistance at 80p, likely decent dividend to be announced and raw materials will remain in demand

The finance director has timed this well. Hopefully good news days away

Welcome Norfolkian. I’m a big fan of Filtronic as well and hopefully it should get re-rated in the near future. Ironically learnt of Filtronic from another ITX investor here so perhaps we should form an ITX FTC fan club lol. Wishing everyone a good weekend.

Once more positive news starts to filter through again (at latest by January 2022 when H2 is reported) the share price will move a lot higher than some expect IMHO. With over 84% of shares held by insiders or institutions the limited free float will send these rocketing on positive news. The majority of sells have been small whilst big buys continue to go through to those who see the bigger picture and are happy to wait a few months to potentially double or treble their money. None of us can predict the future but my message is simply that if and when there is good news the upward price hike will be greater than anticipated because of the available free float. GLA

Mr Modi pledged to invest more in electric mobility, solar energy and "green hydrogen" - which does not emit carbon dioxide - in order for the country to become energy independent by 2047.

Great opportunity for ITM

AJP Excellent detective work.
6 month shipping from factory to destination!! No wonder ITX have been stocking up, getting ready for their busy second half of the year.
Every day the trend of small numbers of big buys and large numbers of small sells continues. The big boys are stocking up on ITX whilst the PIs panic sell out.

Reading this morning of the latest shut down in a Chinese port (Ningbo-Zhoushan) is a reminder that Covid is far from over and why ITX have done well to stock up on raw material inventory. The company is getting a lot of criticism due to the fall in share price but we should credit them with knowing how to run a successful business!

I really don’t see this drifting below 6p. There is clearly strong support at this bargain entry level. I’m still trying to figure out how the new investment at 12.1p went so wrong. Feels like a missing piece of the jigsaw puzzle.

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The Blockchain Association, a trade group for the industry, mounted a last-minute pressure campaign in favor of the Wyden-Toomey-Lummis version. Wyden said they were making the case to colleagues that their version makes it “very hard for tax cheats, without discouraging innovation.”

The Senate will have to confront one unresolved fight before passing the infrastructure bill: two dueling amendments to modify a provision of the bill dealing with reporting requirements for cryptocurrency transactions and tax collection.
Senate Finance Chairman Ron Wyden, a progressive Democrat, teamed up with conservative Republicans Pat Toomey and Cynthia Lummis in working with the cryptocurrency industry to draft changes to narrow who would be affected by the reporting requirements. It would exclude entities including miners, software designers and protocol developers from the groups that need to report data to the Internal Revenue Service.

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