Share Name Share Symbol Market Type Share ISIN Share Description
Iofina LSE:IOF London Ordinary Share GB00B2QL5C79 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.125p +1.14% 11.125p 10.75p 11.50p 11.50p 11.00p 11.00p 162,397 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 20.3 -3.3 -2.3 - 14.19

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Date Time Title Posts
21/10/201615:31IOF tipsters2,067
01/10/201619:58I've got a story to tell you. It's all about oil. And if it's true...1
01/10/201619:57Just honest comment517
30/9/201608:27Iofina Holdings in Company9,853

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Iofina Daily Update: Iofina is listed in the General Financial sector of the London Stock Exchange with ticker IOF. The last closing price for Iofina was 11p.
Iofina has a 4 week average price of 12.75p and a 12 week average price of 12.90p.
The 1 year high share price is 27.25p while the 1 year low share price is currently 4.50p.
There are currently 127,569,398 shares in issue and the average daily traded volume is 266,523 shares. The market capitalisation of Iofina is £14,192,095.53.
rogerbridge: The oil price is down at the moment, interestingly, around February time a chartist who is usually quite accurate forecast that crude would be $46 in July, down to £38.43 in July and back up to $60 in November. Who knows, but traders can not make money unless the crude price goes up or down, there is no money to be made if the price is flat. The result is that we get volitility with all of the money slopping about in the markets, due to Q.E. Money has to go somewhere and eventually it will go back into crude, the question is when. It's a pity about the IOF share price but the board have never been ones to release rns's and talk things up.
joestalin: According to Yahoo (yes I know) there has been no IOF share price change since 10.20 this morning. Either the interest in it has dissipated or it has been suspended. Has anyone been following this today?
gadolinium: [...] Interactive Investor article - No link postable target price 18p ----------------------------------------------------------- How Iofina surged by 150% By Lee Wild | Mon, 11th April 2016 - 16:27 Share this Interactive Investor editor Lee Wild explains iodine maker Iofina's 150% surge Iofina (IOF) has had its problems. The company strips the iodine out of brine - a byproduct of oil and gas production - before energy companies get rid of it, but iodine prices have been on the slide, and an earthquake in Oklahoma last year, which triggered restrictions on fracking there, threatened production. Thankfully, the firm has hit first-quarter targets, and an "encouraging" update has caused the share price to double. Production of crystalline iodine from Iofina's five IOsorb plants dropped to 124.6 metric tonnes (MT) in the first three months of 2016. That's down from 127.9MT a year ago, although that was from six plants, over 5.5MT of which came from the now closed IO#1 plant. During what are traditionally "more challenging" winter months due to cold weather, net iodine production from the firm's Oklahoma operations increased year-on-year. The like-for-like increase is 1.5% and the reported decline 2%. What's more, management has reaffirmed its production target of 250-270MT in the first half of this year. In reaction, Iofina's share price traded as high as 11.25p Monday, a three-month high and up from 4.5p on Friday. It's good news, but long-term shareholders will still be nursing heavy losses. Iofina floated in May 2008, after raising £15.1 million at 55p a share, and peaked at around 250p in 2013 amid a production ramp-up and bid speculation. graph 1 "Not only is this performance in line with first-half output guidance, we see it as a particularly good operational result given that the Oklahoma Corporation Commission (OCC) has been implementing plans to reduce brine volumes injected into a 10,000 square mile area of North West and central Oklahoma," says Raymond Greaves, an analyst at house broker finnCap. According to plan We asked Iofina's chief executive Dr Tom Becker how he's managed to hit targets. "We're just executing our business plan," he told us. "We're way more established than we were 18 months ago and have become a more stable producer of iodine. We're on track, and output should increase in the spring when the weather warms up." graph 2 Crucially, Iofina has also put to bed fears about the availability of brine following that OCC decision. "Even with the OCC restrictions and a slowdown of new well drilling rates in Iofina's core area, there remains an abundance of brine for the company's current plants and potential future sites," said Iofina. "There's always a risk, especially with regulation, but we're only taking a fraction of brine currently produced by our partners," Becker told us. Obviously there's nothing Iofina can do about pricing. Chile and Japan produce most of the world's iodine, so prices rocketed when the tsunami hit Japan in 2011. But they've dropped sharply since as supply comes back. However, at $25/kg, Becker has seen "signs of price stabilisation". The supply/demand equilibrium is coming back into balance and a recent weakening of the US dollar versus the yen and Chilean Peso has helped. Greaves estimates Iofina's cash cost of production at about $22.5/kg, "so Iofina should still be profitable, even at these levels. We are not making changes to forecasts". Currently, the broker still forecasts sales of $20.6 million (£14.4 million) in 2015 versus $25.8 million the year before, although losses at the cash level should have shrunk from $0.7 million to $0.2 million. At the pre-tax level, Iofina is still expected to have lost $3.6 million last year before finally making a pre-tax profit in 2017. Greaves reckons the shares are worth 18p. They may be one day, but the iodine price will have to improve to make it happen.
johnsdale: There are still bulls left but there is and has been nothing to rally around for a long time. I set aside a large sum to buy back into IOF from around the 7p mark, however as I've watched it capitulate and fall without any care from the board or putting a penny of their own money in I'm really not so sure now. I bought my first chunk of IOF shares just after Biggys investment at around 50p so nowhere near as high as some who are left here. Foolishly I took chunks at 10p intervals as this went down, believing like many here that the underlying principals were good. Like Rheumking said an iodine price war and earthquakes are beyond there control and no one can blame them for that. However the bond issuance compared to a funding was their fault and that could have been corrected as the share price fell. When biggy got involved we had monthly updates on production which gradual release of other news, which helped reassure investors each month. That was stopped once all the plants came on line (from memory I think the share price was about 65p at that point). Since then I haven't really seen any care or time from the company or any effort to preserve shareholder value. It's alarmed me and against my better nature I ignored it. Not getting the water decision was a big blow and the fundamentals of the company have been pulled into question ever since. However like Beez says they could have done a funding at any point all the way down but now they have probably left it too late if that's what's needed to survive. I have a lot of decision making too do over the weekend about whether I continue to support the price or whether I get out at any costs on Monday into next week. My holding is about a million shares, I'm in a position to double or treble that holding if I believed that IOF were capable of turning the corner and I suspect many here have the same or decisions to make. However if there is no statement on Monday/Tuesday I think my decision may have been made for me. The bod at that point simply has no regard for shareholders or the value so why should I waste another penny of my money or my time in that situation. They issued a release after we dropped from 22p to 9p stating they were operationally robust after the earthquakes which shored things up for a time. However they dropped the bombshell with the end of year production that they had made a loss despite saying they made a profit before ebita all the way through 2015. The size of the loss? We simply do not know and let's face it if Hekking hadn't of gone we'd still be around the 8p mark right about now, hell even if they found a permenant replacement we wouldn't have dropped below 7p All the uncertainty is of their own making with partial or cryptic releases, the fact is "operationally robust" does not mean they have enough cash to survive however many times we read it. I struggled with the Bears view for a long time as I believed they were way too negative, but I've realised I came to the board late and they had that view after being kicked off the board or shouted down. I've done my own calcs and depending on the value of the contract and the profit margins on the derivatives business it still may not be so bad. The currency fluctuations have improved by around 15% since January and are likely set to continue which should fuel a similar or if not larger boast in the iodine price. The earthquake issue which knocked 15p off the share price has largley abated. Water is still a 50/50 and I remember a time when that alone could add 5-10p to the share price. I've read all the other permits as many others have and to deny IOF would mean that all other permits would be invalid, so it seems easier to change the point of law than eventually revoke all permits or fast track IOF's through with better letters of intent. I remember the oil price crashing putting pressure on the share price, that looks to have stabilised and the Bakken players are still producing against everyone's expectations. The only thing that can sink the company is cash flow and let's face it a simple production report next week won't lift this share. They will notify us whether they are a going concern or not and its as simple as that. If they are not then the bond holders get everything left and if they are the share price will double or triple from here. Phoenix is right in that the selling is made worse by all the buyers sitting on the sidelines. With positive news the share price would jump 50%-100% or more in a day, with bad news Depending in the content I'm not sure any of us would be able to get out in time. If it's a leak like fresh mentions then we will know and be out of our misery by Monday morning. Truth is we help create the bottom, there was a time when a message from biggy could create a bear squeeze and we all unfortunately believed his statements about hoovering up shares at various points all the way down. I will make ready a sizeable share buying chest for Monday morning and beyond, but whether that involves me frantically buying or frantically selling rests on what the company do between now and Tuesday. As much as I still believe in some of the fundamentals (and I've gone against the herd and won many times in life and in business) I'm not prepared to be involved with a company that doesn't care enough, or are not able to issue news on time or support a share price that has collapsed 50% in two months or 80% in 4-5 months, I don't even want to think about the £2-£2.50 days that some of you have witnessed and I'm glad my pain has been relatively short lived. I wish the Bears and the Bulls well on this, I have no emotional attachment to this share anymore and I salute the Bulls for calling it right so far. Forgive the size of the post its my own way of setting out my investment path so far and helps me keep my mind clear for the weekend, I wish you all the same!
ridicule: I agree johnsdale. It is the future that will drive the IOF share price, performance last year will help the price in the short term if it is good; destroy it if it proved to be bad, but I think we can all assume the 2015 target will be met from last Trading update. The real point is that, even if the 2015 target is met, it will not produce enough financial firepower to fund the necessary forward investment - IO1 and mobiles. This investment is badly needed to derisk the 2017 convertibles in May 2017. That is why I have banged on often in the past that the Company should have gone for a rights issue when the share price was North of 70p, instead they relied on a successful outcome to the Water licence application and that the iodine price would hold up better than it has. In the lack of further announcements, it seems to me that the Company are still relying on these two factors. Both factors are outside the Company's control, however, and, having run a business myself, cash is king and always make sure you manage it with factors that you control, not others. The concentration on this Board over the past 18 months on whether the Water Appeal would or would not succeed and whether Chile output would or would not fall to provide a firmer iodine price, has been the predominant debate here. and the outcomes have not, so far, been as predicted or hoped. While these issues have provided good background research, they should have been just that. Instead, they have dominated this Board and there has been very little discussion about the performance of IOF itself. The last few posts have been most welcome in this respect.
ridicule: Che Ileeming. I note the chart discussion. Technical analysis is usually best practised on blue chip shares with daily trading volumes in the millions of shares. Smaller shares such as IOF, particularly given it's fall from grace due to lack of cash to support a forward plan (esential for a commodity based company on Aim)and the water contract legal contention is why the shares are where they are, even given the current Iodine price. I say the latter because, as many argue on this thread argue, IOF looks EBITDA stable, even at current prices. Given the foregoing, if even modest net buying kicks in from here, with just 127.57m shares in issue, the IOF share price will rise. If more selling occurs, it will fall regardless of the chart.
ridicule: eagle eye Surely the optimum price is £1.999. All gain with no pain. On a more serious note, the willingness to sell into any penny rise, reflects the general loss of faith a lot of PIs have in the way the company has managed it's liquidity over the past 2 years. Had they come out with a rights (old fashioned, but just)around the 75p + level on the way down, their financial war chest would have been able to fund the 01 redeployment and the development and deployment of mobiles. There are only 127.57m shares in issue and we need a capital warchest asap, but sadly not at the current share price level. They clearly relied on the water licence coming good but this was a mistake. Always keep the Company's ability to invest indepedant from outside forces, including the market that has savaged the IOF share price because they were seen as naked in terms of their ability to invest in a growth plan once the share price started to tank.
escapetohome: With the benefit of the SQM results , commentary revealed by madchick seems to point to the iodine price remaining at current levels or weakining over the next year. I have to say the disjoint between the revelation of Chile problems/ SQM problems , and the actual predicted positive impact on IOF share price has zero correlation. Good research is timely and the quantity of it really should be proportionate to the share price gain. You wouldnt spend hours each week researching and posting for about year and a half for no gain. To cap it all SQM financial performance appears better than expected. 'Poops continual posts about iodine price increasing over the last year appear amateur, prep school level. LIST UPDATED 1.FUM - wrong 2.TOMCO - wrong 3.STARCOM - wrong 4.SUGAR CO SHORT - wrong 5.IOFINA - wrong 6.OBTALA RES - wrong x 2 7.WATER RIGHTS 99% CERTAIN - wrong 8.FOX MARBLE - wrong 9.CLOUDBUY - wrong 10.GRAPHENE NANOCHEM - wrong 11.CASH 7 MILLION DOLLARS AND RISING - wrong wrong wrong SUPAPOOP 12.PROBABLE SELF GENERATING POST VOTES THROUGH MULTIPLE ACCOUNTS - wrong wrong wrong poop. 13.CLAIM TO WARN INVESTORS IN ADVANCE OF PROBLEMS A LA AVANTI - failed failed failed poop 14.POTENTIAL INSIDER TRADING AND TRADER - very very very wrong SUPApoop 15.DISSEMINATION AND PRESENTATION OF NON CURRENT IOF FIGURES RE 7m CASH POSITION - very sloppy and deceptive SUPAPOOP 16.NO TIME CORRELATION WHATSOEVER OR ACCURACY BETWEEN POSTED RESEARCH ON SQMCHILE PROBLEMS AND PREDICTED IODINE PRICE INCREASE. - amateur guess work 'poop makes you the fool that you are, wrong again.
che7win: Wonder how long it takes before IOF share price overtakes TUNG.I'd rather we meet it on the way up, but looks like it is coming down to us.
ridicule: Superg I agree with roundup. Why is the IOF share price falling off a cliff? The machinations in Chile are clearly complex and it is not totally clear to me how much Chilean Iodine production will be affected the unfolding events, as opposed to lithium, salt peter and other non iodine nitrates? The IOF share price indicates little impact on world iodine prices. Could you use your expertise to explain why?
Iofina share price data is direct from the London Stock Exchange
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P:34 V: D:20161022 19:47:46