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Thanks iWantThatOne , have been pouring over the results and indeed this is correct.
Also note good will will be a negative , which will protect the net profit tax bill.
Is there a relationship with Chemtan that we are missing here ?
In the latest video of John explaining ITX on 28th June 2023 , one question from the audience was why are you here which the reply was i begged for help on this platform 5 years ago and now its time to reflect we are on the path to profitability and growth.
The 150 company's ITX supply's is a good update and repeated orders flattens out the highs and lows thought the year.
Just to add , this should of been announced but without substance for orders then pointless.
However we know it takes two years from development to manufactures to proceed , this has always been about the curve predicted and we know this was out of synch by five years but now on track.
Hi AJP08
Problem is there are on average last year 3 to 7 products a week now this has exceeded to 7 to 12 products a week , remember the majority are low volume for ITX but high gross margin and tend not to report.
Detergents are the key to this company as high volume lower gross margin , its this area that keen to find.
Every now and then we get disposable wipes now which is at early stage , America and Canada adopting dishwasher tablets on average new major one added every 3 months ; eco revolution in Europe is based on minor producers except one German company. Europen law does not help as allows phosphate's in dish washing products and washing machine , however times are changing and signs are this will be announced soon due to Green Laws introduced.
Its very exciting times , one thing is can you wait as this will just grow revenue year on and probably reach maturity in 20 years by that time expect a billion dollar company.
Of course this is my take by we only have 5 years broker report , take the lower end after 5 years and not far off the figure for company value.
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Traction growing on dishwasher tablets
For interest only post select new products , in addition to new companies joining ITX formulation.
Not trying to ramp the share price as could have sold at 18p , just believe this is the next green product to change the world.
Europe is frustrating as the law dictates the use of oil base chemicals that harm environment.
There has been a change in UK law being advertising of green products which unless you notice all reference to been green has been removed.
The curve of turnover will accelerate as predicted but out of sync by 5 years but on track now.
Im long term investor but time im investigating would not cover the investment
Its a hobby only to relax as in a high stressfully job which im suited for.
Justdeezerts its no problem as will not post , the point is I'm checking for the major announcement which we did have couple years ago which changed this company to growing in SP then falling back.
No one else is checking new products now , and use several techniques to locate new products.
As for products there are normally average 10 new products a week , however these are mainly from the same company from the 140 plus company's that ITX deliver too.
Will post on Telegram channel instead thank you for the time here.
Its always a good sign when directors buy shares or loan money , traction now going forward and with multiple news mainly 3 more spuds this year , farm out and the PAT field which if we are having a side bet BP could be involved having invested before.
Anyway good times coming , good luck.
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Just for clarity 145 Brands is not products , we have highlight thousands of products over the years to the point we gave up adding the list.
As for turnover this is just over the projection of the Brokers and still follows the curve for 2023 , its noted that Brokers have not changed the turnover for 2023 which on research except to be higher but can not argue.
Breakeven was expected at $8 million but due to inflation now expect this to be around $9 million.
It was interesting the white coats investing more into research and IP protection reading between the lines.
Still we have not had confirmation if a major in dishwasher tablets been adopted , European law still allows fossil fuel in their products , however if you notice a major inquiry in product misinformation on green products is ongoing in the UK with all labels being withdrawn.
We gained a good insight , long term and may frustrate investors but can there are many good indicators of being a £ 1 billion pound company within ten years.
All you need to do is look at the growth patton projected which by the way was 5 years out of phase when first projected but following that path now,
Good luck
PS if Composites takes off that was not part of the growth pattern , well that's another part of story which will be massive last look had 0.2 million sales.
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Hi sarah
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