Ok so I’ve made a couple of small top ups this morning each around the £900. I expect the price to bounce up from its 40p+ support mark soon. Looking over the past 3 years the share price has barely moved and I can see from previous RNSs that funds have been raised to support developments and enable revenue growth which is healthy for a growing company. Do others expect further fund raises in the coming 12 months or not?
The 500,000 shares trade was actually yesterday. Looking at the timing it coincides with yesterday’s fall in share price so probably a sell. Hopefully we will wake up to a brand spanking new RNS in the morning!
Excellent post AJP, as you say none of the fundamentals have changed. In fact with every passing day the importance of the environmentally sustainable products Itaconix is manufacturing increases. We are already past the tipping point and growth is just going to accelerate here on in. In my experience stocks tend to surprise when expectations are low and vice versa. Clearly we are going into the next trading update on a bit of a downer and that suits me fine!
@Tracylied, Thanks for this, as a new investor it’s a really useful overview. I’ve invested as the company is in the key 5G sector and has an attractive range of products including patented technology. With a market cap of just 24M this could yield some spectacular returns on investment over the coming years.
Well played @dougerboy Feels like they wanted to get this out the way today before the good news follows in the H1 RNS. Fingers crossed we are all rewarded for our faith soon
Unfortunately I’ve been burnt in buying IAG too soon a couple of weeks ago. I would not wish to call the low now that we are likely facing a second year of vastly reduced travel. The problem with everyone in the world vaccinating at different rates is that we are seeing waves of infections occurring at differing times so countries will keep closing their borders to one another. Winter will bring little reprieve so best we can hope for now is recovery for summer 2022
Yes. You would think whoever recently invested at 12.1p will be hoovering up these shares before the trading update. Hoping to make a third top up this afternoon if I can free up funds in time. I am expecting a strong bounce back this week, just hope I am right
RE: The new ITM price target of 550p18 Jul 2021 15:52
When there is caution and this is weighing on the share price this is the time to buy stocks if you believe in their future. The transition to green energy will occur rapidly over the coming years. The human and financial impact of the recent extreme weather in Europe will be yet another economic and more importantly social-political argument to make the technology main stream. I keep topping up whenever this dips under £4 as I am super confident that this proven technology will form part of humanity’s response.
Well after a quiet couple of weeks I’m hoping that the H1 trading update will be out this Wednesday. It will be interesting to see if there’s any uplift in price on Tuesday prior to the update. Hoping for a positive update which gives us some additional insight about current and further developments and growth. Its clear from the last presentation that there is loads going on with new product development and new customers but would be good to read it in an RNS. The new investor would not have bought in at 12.1p if they didn’t believe the same! Good luck all!
Thanks Dougerboy and AJP some interesting Stocks there. I’ve just made a modest investment in FTC and ENET. Both stand to benefit enormously from 5G and both have tiny market caps of £24m so if either hit the big time could be ten baggers.
Thanks Dougerboy and APJ as a matter of interest what other U.K. shares do you hold? My second largest U.K. holding is ITM which like ITX is about to take off in this new era where environmental savy businesses will rule! Check out the Gigastack project for an idea of the scale of investment.
JPMORGAN has only trimmed the target from 9053 to 8915. That’s a potential 58% upside from here. I have ploughed my money in this morning absolute bargain IMHO. Good luck all