Iofina Share Discussion Threads

[festario] 17/9/2014 18:38

Dunno Roger, it did me no harm either as I added another 20k, .... purely based on the fact that there seemed to be solidity today, I needed to reduce my average, and I had funds to place somewhere.Fingers crossed now.

[rogerbridge] 17/9/2014 18:26

Market makers helping the big boys again at the expense of PI's

[monkeymagic3] 17/9/2014 14:43

Harsh but not far from the truth!

[superg1] 17/9/2014 14:26

It could be that main buyer back again. The way to get sells and meet any buy orders is to let the price drop.

It does make one wonder if they are still about, and if so how many shares they took on the drop.

If they have kept going, they will be way past 1 million by now.

[superg1] 17/9/2014 14:21

Shall I add that in at the start of all of them, or is that your default mode anyway? :-)

[monkeymagic3] 17/9/2014 13:17

Duly not read.

[orslega] 17/9/2014 12:42

just noticed that, no guessing who that might be...didn't he say earlier he was in buying mode.... : )

[phoenixs] 17/9/2014 12:32

interesting 100000 just come on the bid at 53

[che7win] 17/9/2014 11:51

Superg,
Agreed, they have been busy stripping out costs, a lot of that won't show up in H1 results.

First three months are poor, second three months much better but the derivatives side has been consistently performing.

I imagine with the lower input costs for iodine from our plant output, it has opened up new opportunities on the derivatives front. There are some markets they may be able to exploit, but maybe at lesser margins, I await updates with interest.

[superg1] 17/9/2014 11:50

MM3

Don't read this



India imports

The latest 21.6 mt of 99.8% iodine came in at $36.86 per kg (chile)

On min purity 99.5% description the last one was 15 mt at $34.99 (Azarbaijan).




I've no idea what is going on in India but they seem relatively busy on iodine imports with about 180mt this month, with around 500mt in the 2 months before.

It's way ahead of what they were doing earlier this year ??

[che7win] 17/9/2014 10:52

Superg,
First thing I did was check his previous posts, all throwaway one liners, I did notice he was stopped out of GBO recently.

More important would be the forward forecast rather than rear view mirror remarks, did the avatar even look at the balance sheet?
You and I know there are hidden assets lurking within IOF, you won't see them on the balance sheet.

If we produce no more than 720mt next year on $18 margins, surely we are looking at 8-10p EPS as a base line, but of course, we will be expanding with more plants to roll out.

On most pessimistic expectations, these look cheap to me, I wouldn't be accumulating if I thought otherwise.

I can see increasing EPS along with a rerating in the P/E, the H2 results will tell the tale, that's why we need ongoing updates for now.

[superg1] 17/9/2014 10:40

Che he's a Globo and rather funnily a Naibu investor. Brilliant post I thought,must have taken ages to compile.

The insight is incredible, an AIM company ahead of itself is the claim, well knock me down with a feather.

I'd love to know his view re this one on figures.

2012 revenue £7.6 mill...... Loss £11.6 mill

2013 revenue £ 4.75 mill Loss £17.2 mill

Assets £48 mill

Market cap £274 million.

[bazzerp] 17/9/2014 10:09

Sorry O/T but no stock prices from Google or Yahoo are being updated -
is there a problem I have missed from here in Cape Town ?

[che7win] 17/9/2014 10:02

Published Net assets are over £28m and the company is cash flow positive, wrong on both fronts my friend.

[muffster] 17/9/2014 09:31

Looks like this needs to half to become fair value. It is loss making and valued at 60 million, when net assets are circa 16 million.

[angel of the north] 17/9/2014 09:24

One of my favourites - GAH

[superg1] 17/9/2014 09:22

I've been thinking about having a punt on some shares that have been hit, backing a no vote which should see them bounce, a coin flip that seems stacked in favour of a no.

One looks like it should give a 15 to 20% return pretty much overnight as it's dropped over 20% purely on the situation.

I only noticed as it's on my watch list. Does anyone know of any that have dropped significantly?.

[engelo] 17/9/2014 09:03

VMH think you will have good sources :-) I was cheered up by the Betfair news but the whole story is not so clear:

'Betfair has started to pay out bets to punters who have staked their money on a “No” result in the Scottish independence referendum — even though the result of the vote is three days away.

The online gaming firm said customers who placed bets with its bookmaking business, Betfair Sportsbook, will get their winnings now.

However, the move was a publicity wheeze as Betfair Sportsbook is only a small subisidiary of Betfair, which makes most of its money from operating a betting exchange where punters wager with each other.

Opinion polls suggest the Scottish vote will be extremely tight but experts think “No” is likely to win narrowly.

According to trading on the Betfair exchange, there is a 79 per chance of No and a 21 per cent chance of Yes.

Betfair Sportsbook said: “We’ve decided that ‘No’ is most likely to be the winning vote in three days’ time, so we’ve put our money where our mouth is.”

[tackems] 17/9/2014 08:58

I agree with your thoughts VMH and lets hope things get back to normal quickly with no ill feelings.

[verymaryhinge] 17/9/2014 08:46

my guess is No 60 /Yes 40.. +/- 1%

[cyberbub] 17/9/2014 08:30

Zero trades so far... a bit spooky... all sellers exhausted? Would be nice... who knows...

[che7win] 17/9/2014 08:11

Superg,
Thanks I knew it was soon.

Mad, I wouldn't touch RB with a barge pole, they didn't do due diligence on the Canadian operation, and they are going to release 102% of current shares in a massive dilution! it's a disaster.

IOF is a bargain to me, not only iodine underpinning the current price, we have a valuable oil and gas asset, a water business via Atlantis that isn't exploited, a potential water business pending a favourable application for us and helium potential.

A P/E between 5 to 10 is quite possible over the next year, we await their plans, it must looks cheap to me.

[superg1] 17/9/2014 07:53

20th if you mean blue to black. It would have been long ago had I not paid a year in advance.

An absolute pain in the backside to relist all the watch list elsewhere as it's quite extensive, BUT my vote was to walk.

On that point in this recent red week due to the Yes/No vote a few shares have stood out, with very little volume and movement which bodes well for those shares, as no one seems leveraged etc.

Nice quiet holiday cottages so to speak.

Talking of the Yes/No vote, do investors seriously want news (good or bad) on any share in their portfolio before that is out of the way?

Generally bad news could get hammered and good is ignored and swallowed up in the market circs.

It looks like it is swinging towards a no, which may see a few shares bounce significantly. We'll have to wait and see.