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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 23.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 23.50 | 23.50 | 23.50 | 23.50 | 23.50 |
| Industry Sector |
|---|
| CHEMICALS |
| Top Posts |
|---|
Posted at 16/5/2025 08:56 by fft They put in the finance and debt facilities a few years ago with the aim of having plant builds overlapping. Then they didn't build anything for over a year. The problem seems to be that brine supplies are erratic. If the oil price is high then there is plentiful oil production, development etc which leads to more brine for IOF. At the current oil price there are a number of fracking producers who are marginal, so they cut back. Which leads to less brine. Having been in this since just after the float I have seen it up and down. I am a great fan of expanding the chemical side and relying less on the unpredictable resource side. If necessary buying in iodine. Finding reliable long term supplies is not easy and won't be easy going forward. IOF is so dependent on other companies and the oil price that it shoukd always trade at a discount.I don't see how any long term forecast can be made given the unpredictable brine supplies. If oil went down to 50 dollars there could be a large reduction in supplies which , with fixed costs for running each plant , turns it upside down. |
Posted at 14/5/2025 20:22 by serratia Iofina is profitable so there are 3 main options on what to do with the FCF.Reduce debt to an acceptable level. Not all debt is bad. If you can borrow at 5% and make 10% on the cap ex there is a logic to some debt. Back in 2018 net debt equated to 47% of total capital. This had to be dealt with and management did a good job getting that figure down, Last year they had net cash of $2.6m. Debt dealt with they could move on to growth. New plants have a very good ROI. A 120 tpa plant at $70 iodine generates $8.4m revenue, perhaps $3m GP. Supply should remain tight this year and next so in the absence of unknowns the price should hold. I have no idea whether they have the internal capacity to build more than one plant a year but there is talk of putting in larger plants providing they can source sufficient brine. This would be my choice of how to spend the FCF. Dividends. I would only start paying a dividend when they have excess cash after new plant builds. If say a new plant costs $5m and they can only handle 1 new plant a year as plants come on stream the FCF will rise above new plant costs. That would provide free cash for a dividend. In 2024 they had a FCF of $2m after capex and other costs, down slightly from 2023 as general capex rose by $3m. If / when they are generating more cash than they can spend profitably on new plants then a dividend could be considered. Buy backs are only relevant when there is no opportunity to grow and are already paying a descent dividend. They're a signal to the market that we have no ability to grow and don't know what to do with the free cash. ie we've gone ex growth. That could be more damaging to the share price than the slight EPS boost. I'm ok with them having the ability but would hope they don't use it for a couple of years to come. |
Posted at 12/5/2025 17:33 by gb904150 What if, instead of paying dividends and shareholders paying tax on dividends those dividends were reinvested in the company? So that it compounds.And what if, instead of making profits, IOF just reinvested in production capacity (more IO plants) and grew the business, because extracting iodine in the USA is going to be a decent business model for the next several years? Perhaps these IOF guys are onto something. Just several years of reinvesting profits back into the business. Rather than paying tax on corporate profits they could just reinvest in productive capacity. Is that what the big investors are seeing here? |
Posted at 29/4/2025 14:57 by zendo102 beercapafn - you’ve been around this share long enough to know that there were suggestions that IOF is a ”leaky ship”.The following has been the playbook on many, many occasions: 1. Price surges before the results 2. Results come in and are good 3. Price drops This might be some with inside information, or it might be some buying on anticipation of the results coming out, but a lot of the price action is from traders rather than investors. IOF might have promised to be a 10-bagger many moons ago, but that spectacular growth story evaporated. If you double your money in the next year, you should be dancing for joy. I wouldn’t retire early on that hope though. Why do I say that? The story has changed. These are the facts: - There is no oil and gas - There is no hot and cold water - There is no helium - There are no cannabis seeds - There are no mobile plants - There are no mega plants - IOF does not control the flow of brine - the oil companies are top dog - The oil companies seem to be demanding more of the spoils That’s not to say IOF are not moving in the right direction. It’s steady growth rather than the explosive growth many had hoped for. They’ve reduced debt, haven’t issued many new shares and are profitable. That’s not easy. I hope I’m wrong, I really do. I hope the results are far beyond expectations. I hope one day there is news of a takeover or a buyout that shoots the price up. Two pieces of advice I got early on in my investing career 1. Never fall in love with a share - as with women, dump them if they don’t perform 2. Never invest on hope. It’s cold hard facts, like the ones listed above, that count. (Did you notice how many “hopes” there were in the previous paragraph?) Still true today. I’m still invested and as I’ve said previously, will exit IOF sometime in the coming financial year - I’m a small bit of the “overhang̶ Anyway, let’s see what the results are, whenever they come. |
Posted at 17/4/2025 07:55 by bocker01 Not earth shattering news from the company. Cannacord offers some insights. Cannacord forecasts are based on a selling price of $72 per kilo for the first half and $65 thereafter whereas IOF and SQM expect the price to hold firm during 2025 due to lack of supply. Frankly, I suspect and hope that in the current and longer term market environment further price movements will not disappoint. Further Cannacord expect 745 tonnes iodine production this year with 445 in the final six months. With IO11 not coming on stream until Q3 and IO12 build planned to commence this year, I agree that IOF continues to make progress. The 1000 tonnes level seems tantalisingly within grasp. |
Posted at 14/4/2025 07:52 by beercapafn Well, this is perplexing.Tariffs on all the big players exporting Iodine INTO the USA, home of Iofina. I don't understand why the share price does not reflect the considerable uplift in the "Local" market price per KG. I understand that the global market will publish the global price in KG, currently $ 75, but IOF will almost instantly sell at local prices reflecting the sudden jump in imported delivered Iodine. Does anyone have a figure for the % of sales that goes into the USA market? From Iof. |
Posted at 07/4/2025 12:45 by camerongd53 Isuggest that Iofina is one of the few ompanies that benefit from the tariff issues.non-US suppliers have to charge 10% more whereas Ioffina do not have to pay the tariff (10%). If US demand temains strong, IOF could possibly increase its prices. I might not be aware of all the detail but time will tell. |
Posted at 03/4/2025 07:22 by chillpill IOF should be a net beneficiary. Unless there is a carve out for iodine SQM will be supplying iodine into the US market at over $80/kg.One of the big factors is the costs of raw materials. According to chatGPT sulphuric acid is used by IOF rather than HCL. The US is the second largest producer of Sulphuric Acid (11%) after China at 40%. It is on the Iofina Chemical side it should be more beneficial (higher value products) to IOF to have domestic production. |
Posted at 03/4/2025 06:53 by beercapafn I don't follow the price per KG closely enough to convert the tariffs into an uplift in the price per KG, which then trickles through to a rise in the IOF share price.However, the lack of effect on IOF share price does nothing to relieve the build-up of strain, like a tectonic plate. You know it is happening, just not the magnitude or the timings. But it is happening. There must be an element of the rise in KG price helping IOF. It also helps the profitability of our competitors. Taking a balanced view, the iodine sector will become more profitable for Iofina. |
Posted at 07/2/2025 17:26 by zendo102 beercapafn, I’m afraid that’s the wrong answer.You should only be invested here if you think IOF has enough value that you expect the share price to rise more than is likely with another investment. How long you have been invested, the price you paid, and your belief that Iofina management has the wrong strategy should have nothing to do with your investment decisions. Trying to get back to your average cost price (or even to make a profit) is not the best way to look at any investment. The investment case here has changed, and so should expectations. If you believe in Iofina’s roll out plan and that the market is mis-pricing the company, then stay invested. If not, cut your losses and put your money to better use. I’ve sold shares in IOF and taken the hit, though a few remain. Selling at a loss is the only rationale thing to do if the investment case has changed. It can be hard, but it’s better to take it on the chin than rely on blind hope and waiting to be vindicated. For many here (me included), the initial investment in IOF was at too high a price, but I made a rationale decision to invest based on the imperfect information I had at the time. When new information comes to light, it’s best to change your view accordingly. |
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