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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Iofina Plc | IOF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.50 | -2.50% | 19.50 | 08:04:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 20.00 | 19.50 | 20.00 | 19.50 | 20.00 |
| Industry Sector |
|---|
| CHEMICALS |
| Top Posts |
|---|
Posted at 02/5/2024 10:53 by zendo102 This_is_me Iofina is not a growth company any more - if it ever was. The p/e of 5 tells you investors see value there, but not growth. The results next year will be almost identical, except some numbers will be a bit higher, IO#9 will be replaced with #IO10, and IO#10 will be replaced with IO#11. We could have a reasonable stab at writing the 2024 results now. Barring black swan events, I don’t think we’d be too far from the mark.In the quest to put the company on a financially secure footing, the company has become financially predictable. I now liken Iofina to a roomful of accountants, not adventurers. |
Posted at 02/5/2024 10:39 by zendo102 Results:Lacklustre and pedestrian - there is nothing on the horizon that is likely to jump start the share price. Compare: “Costs of raw materials to process the brine water into iodine continued to increase in 2023, however, chemical cost increases in 2023 were lower than those of 2022.” “During H2 2022, iodine prices peaked and have subsequently slowly come off these highs during 2023 and have currently settled in the mid to upper sixties per kilogram.” In other words, those supplying chemicals to Iofina were able to raise their prices, but Iofina were not able to pass those increased costs on to their customers. Margins suffer. (Inflation hit 10-15% last year. Why are iodine prices not $77-$80/kg? Everything else has gone up.) Growth strategy: IO#10 is so well flagged that it is now a banana skin rather than a possible surprise to the upside. Only a ramp up in plant building (or a surprise maiden dividend) can save us now. How about starting the next plant before the previous one is finished, so those preparing the site finish and then move straight onto the next, those installing equipment do the same? Iofina has the resources to do this - either there is no will to do it, or the economics are just not that good. Yearly share price chart: a relentless share price drop from 32p to where we are now. Any more and we will be at the offer price of the share placement 5 years ago (April 1st, 2019) - shares were offered at 16p, which according to the Bank of England’s (very conservative) inflation calculator, is equivalent to 19.74p today. That was the last time I bought Iofina shares. With the current price of 19.77p, I’m effectively up less than 0.03p (1%) a share over FIVE years in real terms. Drinks all round? I think not. Investor Mood: The lack of comments on this board show extreme investor apathy as well. In years gone by, when the narrative was good, there was 10 times as many posts on results days. A company does need to focus on the fundamentals, but investors also need to see a story to buy into. Iofina used to trumpet the unique tech, the strategic importance of iodine, the environmentally friendly extraction of a valuable product from waste product, the huge untapped potential of the vast quantities of brine being disposed of every day, the lowest costs of production in the industry, the desire to be the biggest producer in the USA. Many of these ideas are there, but they are buried in the strategic report (did you read that far?) In becoming prudent and conservative, Iofina has become BORING. There are some value characteristics there, but where is the out, the catalyst that will drive the share price up? Without that Iofina will just plod along. This could be the bottom for the share price, but sometime over the tax year, unless there is a dramatic turnaround, I suspect I’ll be selling my medium-sized stack of Iofina shares to offset capital gains elsewhere. Anyone care to change my mind? |
Posted at 17/4/2024 13:03 by gb904150 This one I think you mean?Stocko says FY23 results out next Tuesday 23rd April. Regarding the brine supply contracts - Tom explains that while that agreement was in the supplier's favour at the start of the contract, it was in IOF's favour towards the end of it. The new contract is at a new market rate that is obviously now more beneficial for the supplier and will cost IOF a bit of profit in the short term, but over the course of the contract will probably even out. Perhaps IOF recognise that one of the reasons brine supply has been poor is because this contract no longer works well for the supplier. They figure a win-win is agreeing to a new contract which offers a higher brine price (but lower margins to IOF) but will result in higher brine supply. As ever, they are very conservative in their forecasts, but FY 2023 results I think will give us a much fuller picture. I know this company is hated by many investors, but fwics they are making slow but steady progress.....and are cheaply rated as such. Now if only they could start paying a divi and show they are investor friendly.... |
Posted at 16/4/2024 17:01 by beeezzz tack - Yep, otherwise there is nothing in this company for PI's, its not creating enough growth to attract new investors. |
Posted at 16/4/2024 09:19 by jwoolley Another lack luster update that will no doubt result in further lack luster share price action, along with the lack of new investors or current investors buying in my opinion.I really feel the management needs to change. Lance needs to go and Tom needs to be moved to the side and some fresh energetic blood needs bringing in. |
Posted at 07/4/2024 15:42 by beeezzz Totally agree.Management are not risking their monthly salary for investors, no certainly not. No risky decisions taken here, well none that reward shareholders, maybe the odd selfish gardening project. |
Posted at 04/4/2024 17:45 by beercapafn Nah barrywhit:It is because long-term holders of the company are selling out through a lack of information and a cohesive plan. The last "brave bold move" was not a budding success. They set aside an amount at the last public meeting about £ 1 million quid to buy back shares if there was a substantial seller out there. There is a substantial seller out there. With a " collapse " in the share price from 37p to 21p. What are the criteria? I asked and was told, that the BOD have this on constant review, and considers the best use of capital is in reinvestment in the current expansion plan. Well that's not working is it? Willing to take some comments on any other constructive suggestions as to how IOF moves forward. I know some out there see my repetitive remarks as a winge. It is not. Buybacks would have supported the legitimate exit of a few investors. |
Posted at 23/3/2024 14:26 by beercapafn Bocker01: Remarkably similar because I am trying to influence the BOD and other investors that there is an open path to running the company in an improved manner. |
Posted at 15/3/2024 18:34 by naphar Beer did you go to the last AGM?When did they say they set aside a million for buybacks from small investors? In the open talk or afterwards 1:1? It’s not something I recall at all!! |
Posted at 14/12/2023 14:27 by beercapafn Serratia: I fundamentally disagree.They are unable to spend/use the cash generated by the existing plants back to the core business for some very frustrating reasons. It is the responsibility of the BOD to use available funds / or borrowed funds for the best financial outcome. In the last 6 months, I believe the expenditure of a million $ in buybacks would have kept the Share Price at 32p and resulted in a share price that could be used in an M&A potential in a much more solid way. Unless someone on the BOD has a more sinister agenda of choking the value proposition, for their own agenda. It is worth pointing out that the involvement of BOD in ownership is not reflected in the running of the company in the interest of the bulk of shareholders. 7. MAJOR SHAREHOLDING The Company is aware of the following shareholders holding 3% or more of the issued share capital of the Company as at 30 September 2023 adjusted for TR-1 notifications through 30 September 2023: Shareholder Percentage Richard Sneller 19.03% Hargreaves Lansdown, stockbrokers (EO) 12.90% Interactive Investor (EO) 12.10% David & Monique Newlands 8.11% Premier Miton Investors 6.40% Barclays Smart Investor (EO) 3.96% AJ Bell, stockbrokers (EO) 3.17% Directors 3.05% My point is that I would like to see someone with a shareholding looking for a return on their capital employed to have a place on the BOD. I don't trust Lance. Bit of a ramble, but I have been here for 9 years. Not a happy bunny. |
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