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Itaconix – “pleased to report” AGM trading update. Er, what about the details that dare not speak their name?…

By Steve Moore | Monday 20 May 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Previously writing on company describing itself as “a leading innovator in sustainable plant-based polymers used to decarbonise everyday consumer products” Itaconix (ITX), last month I concluded with the shares at 160p still a ‘revolutionising’ former Neil Woodford pick avoid/sell. The shares are currently 155p, but what about that with them up by more than 10% today on an AGM trading update?

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