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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 | -2.70% | 18.00 | 15:18:51 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 18.50 | 18.00 | 18.50 | 18.00 | 18.50 |
| Industry Sector |
|---|
| CHEMICALS |
| Top Posts |
|---|
Posted at 22/10/2024 06:24 by lostsole Proactive Investor interview:https://ww |
Posted at 18/10/2024 11:12 by ansana A new investor doesn't have our frustrations over the past. They are less likely to be sitting on big old losses so they will be optimistically viewing IOF as a company gathering a head of steam. It comes down to perception. Many long term shareholders have a bucket that's half empty and newer investors have a bucket that's half full. See you in a couple of years when I look back in. Bfn |
Posted at 11/10/2024 15:58 by gb904150 lostsole11 Oct '24 - 16:16 - 9256 of 9256Anyone think we're witnessing The Reaves Effect....? There is a decent chance of that. Less so from a CGT changes point of view. Only those who bought at the lows of 2018, 2020, 2021 around the 11p/12p mark and going to be showing many gains at this lowly price! But perhaps moreso from a BPR point of view, where AIM shares held for more than two years are exempt from IHT. From a recent piece on stocko by Mark Simpson: They are treated the same as unlisted companies, and the will's executors can claim Business Property Relief (BPR) on these holdings. This is the case even if they are held in an ISA, which makes this a particularly good deal for investors and one that many take advantage of in their later years. I suspect it's safer to sell up now, just in case there is some kind of cut-off with the budget. Any BPR change couldn't then be enacted retrospectively, in theory. That and the disappointing performance already hinted at. Slow IO acquisitions, slow production ramp-ups, higher brine costs. They never really hit it out the park. Overall, progress has been steady but not impressive. I think the next set of interims will look better. I'd also prefer they paid a divi. They can certainly afford one. |
Posted at 10/10/2024 06:21 by chillpill In answer to your question. Yes.I haven’t got the CC note in front of me but (from memory) the new deal with Amplify takes $1.4m off EBITDA- obviously if Amplify increase brine PPM in the iodine rich IO#2 location then that will reduce it. I know CC research isn’t freely available to the public as the FC notes used to be but without looking at it you are investing blind. I think not having free research available to PI’s has seen AIM trading volumes drop significantly. IMO if companies pay for a Nomad/Broker’s services then the research should be available on the Company website with the appropriate caveats/disclaimers. A sensible half way solution(for now) to circumnavigate the current problem might be for Research Tree subscribers to get 24hr priority to the research note……al Until AIM Brokers/Nomads stop treating retail investors as second class citizen's. I believe they will continue to see the ongoing decline of the AIM market. |
Posted at 27/9/2024 06:41 by naphar Happy with that rns todsy, but why they would announce that on a Friday is beyond me.At the AGM they were talking about an opportunity to do a much larger plant at some point… given the wording of the rns around costs and timelines, I wonder if this might be it. If it is, might explain the companies excitement about growth etc which investors certainly not feeling currently |
Posted at 20/9/2024 06:46 by chillpill Great to see the “step change” in expansion.The biggest criticism left as an armchair investor is more needs to be funnelled through IC to add margin. |
Posted at 06/9/2024 07:37 by beercapafn Building new plants does not apper to move the Share Price.The makeup of the shareholder's list is about 60% independent and 40 % 5 big chunks. I don't think the Institutional investors will join in till there is a dividend, and IOF moves to a main listing. There is a very high % of Institutional investors that won't invest in an Aim company. Not an answer to your question, but my thoughts on a buyback, and why Lance must go. |
Posted at 02/9/2024 09:58 by beeezzz Naphar - So your saying from July 2010 when share price was 22.20p to today's share price 22.50p has been resounding success story, Hmm....I know many investors are not happy with this management, and you can understand why, unfortunately many are under water excuse the pun...you are not going to see great rise in SP, many are looking for an exit as am I...Even ex-management have been selling what does that tell you. No buy back, no dividend, only winners are management maintaining their salaries. |
Posted at 24/6/2024 08:51 by josh_ftm So the share price drops again, looks to be constant drop of selling by the LTH's. I don't understand why the company are not looking to increase shareholder value given that we are 50% down YoY. In 2019 (5 years ago) they raised £7.5million at 16pps, which was to clear existing debt and allow them to 'accelerate the development' of new plants.Looking at the latest loan notes from July 2023, they can draw down at an interest rate of 2.11%. Surely it makes sense to begin a buy back programme, given the share price is 17.75pps, which is 10.9% higher than 5 years ago. Make use of the low interest debt facility to expand and repay the debt with the profits generated for a new plants. However, the BOD do not seem to want to use the facility and want to build the plants using profits generated from the year.Alternatively, why not throw the 'kitchen sink' at it, and use the profits AND debt facility to carry out a rapid expansion programme. They could even look at prefabration units off site, which would be more of less plug and play once new site become available. Looking at previous images, appears the towers could be constructed this way, plants could be 'standardised' and the larger vessels delivered direct to site, with all pipework and fittings outside of the pre-fab units being installed onsite, but pre measured/fabricated, so it's essentially a 'LEGO' set. This would ensure 'we' are ready for when a new site is signed and we can reduce the construction time to ensure iodine can be recovered as soon as possible after signing new contracts.Just appears to me the BoD are a little lacklustre in doing thier utmost to provide shareholder value, which is something they continually spout in most RNS's and the investor videos. Either that, or we aren't being told enough about the business to excite current and potential new investors. To me, this cautious approach is wearing very thin, and without a clear 5 to 10 year expansion strategy, we are expected to just accept 1 or maybe 2(if we're lucky) plants a year and keep 'plodding on'.Really not sure what is going on with Iofina, but sentiment seems to be changing for the worse and the BOD have to come up with new ideas to get some of us back on board. If they don't start to listen, maybe we can all hope that someone comes to acquire the company at a 'rock bottom' price, but at least the LTHs would be out at a better deal than the current share price.Thoughts welcome, but hoping for some sort of catalyst to turn this around. |
Posted at 02/5/2024 09:39 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? |
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