Iofina Share Discussion Threads

[superg1] 02/7/2013 07:37

5

Montana and Wyoming. deals are often company wide

I wouldn't worry about those for now, it will be OK for the plant run over the next 18 months or more.

There is a hot spot in Texas too, but the way the Miss lime is chucking out iodine rich brine, I can't see that featuring for a while.

[madchick] 02/7/2013 07:25

Can someone remind me of the four geographical areas that are the IOF focus - OK, Texas, California and....?

I was just reading the RNS from SER on the Mississippi Lime in Kansas and wondered if this was the fourth IOF area, although I don't recall Kansas being mentioned.

[engelo] 02/7/2013 00:39

bogg1e: you could take your thinking a step further:

Assuming your 2013 exit rate is based on 5 large plants (I02-6), they will contribute 5 I02 years (+ I01) production to calendar 2014.

Also in calendar 2014 could be added staged production from a further 8 large plants. Say I07/8 start up end Q1 and give 9 months' production in 2014, I09/10 6 months' and I11/12 3 months. This adds up to 3 I02 years in calendar 2014.

Then we could add staged production from say 4 mini iosorbs.

This is all highly speculative of course, but it suggests that if IOF keep on schedule in 2013, total production in 2014 would be about double the 2013 exit rate.

Whatever 2014 PE we use could then be applied to the equivalent net profits.

Intended to be a rule of thumb, and apologies to all those who have analysed this more precisely :-)

[bogg1e] 01/7/2013 21:51

just putting final touches to my IOF doc. Little calculation for you based on this years exit rate after tax:

1500+mt x $40,000 = $60,000,000 gross profit (approx $40,000,000 net) / 127,000,000 (# shares in issue) = 0.47 cents x 10 (conservative p/e) = $4.70 per share. Kerching.

[skylite] 01/7/2013 21:47

I think you were correct with your first sentence Jack, it has no bearing on Iofina.

[peterz] 01/7/2013 21:47

Thanks guys for sharing information on ISA's.

[n3tleylucas] 01/7/2013 20:58

jamonit,

Hurricane called that spot on, it did end the day of 18/6 @ 225.

However he failed to spot the carnage coming in subsequent days.

[n3tleylucas] 01/7/2013 20:49

So, everyone dump about 10,000 shares before August, then buy 'em back cheaper in the ISA! LOL

[orslega] 01/7/2013 20:41

good : )

"The government plans to introduce the necessary legislation in July 2013 and it is expected that this will take effect shortly after".

[n3tleylucas] 01/7/2013 20:35

So, let's say they're around 150 in August, allow say 1% for SD & dealing/admin costs? You could pop around 7,600 shares in this financial year. You'd kind of want them to fall a bit though, get more in? LOL

[n3tleylucas] 01/7/2013 20:30

£11,520.

[rogerbridge] 01/7/2013 20:04

ISA sounds great, I will be able to increase my holdings by at least 50%.

[obbig60] 01/7/2013 19:39

Thanks for confirming what I thought guys. I would love to transfer my shareholding into an ISA but those nice people at HMRC have thought of that!
nev: It probably is worthwhile to transfer as much as you can to an ISA since any future capital gain would then be tax free.

[bobbyshilling] 01/7/2013 19:36

obbig, yes you must have the cash in the ISA account to cover the purchase, I didn't make that clear. You could sell, then Tx the money to ISA account then re-buy. Takes time though, (if you have both accounts with the same broker or company it should be quick, ie, a matter of minutes), and share price could move against you, so best to have the cash in the ISA already if you can.

[timbo237] 01/7/2013 19:32

obbig60 - you are correct, You cannot just transfer any AIM share into an ISA unless they are dual listed. Hence once IOF shares are isable you will be able to sell from an ordinary share account and buy back immediately in your isa. A so called 'bed and isa'. Any gains on the sale will be liable for CGT. Most brokers do the transaction instantly with reduced spreads and commissions.Have done it several times myself in the past but especially looking forward to being able to do it with IOF.

[nevmyers] 01/7/2013 19:30

obbi

My assumption is on not having used any of my ISA allowance for the year I don't have one yet, If I have to sell them and re-buy inside an ISA then I will but selling them and paying CGT to then buy them back inside an ISA to avoid CGT seems bit pointless, this is why I thought there may be an option to transfer them in.

[monts12] 01/7/2013 19:28

Nevmyers
If you want to transfer an existing holding into an ISA (assuming they are an allowable stock) then you will have to sell them first and repurchase within the ISA wrapper. This means that any loss or gains on the shares upto that point would be crystallised.
Edit that's pretty much it Obbig

[obbig60] 01/7/2013 19:23

Nevmyers, Bobbyshilling: I don't agree. As far as I know you have to sell your shares outside the ISA and buy them back inside. Some firms offer a "Bed and ISA" service but this gives you reduced commission and minimum bid-offer spread.
The shares you sell will count towards your CGT limit for this year.
You will only be able to buy the shares back inside the ISA if you already have cash sitting in the ISA or you haven't already used up this years ISA allowance. You can't just transfer shares direct from a sharedealing account into an ISA.
Anyone Please correct me if I'm wrong.

[bobbyshilling] 01/7/2013 19:13

VP, I think you are correct on 'bed & ISA' I have done it previously and the transaction was done in seconds in case the price moved.

Edit, nev re; capital gains tax, you are right as far as I can remember.

[nevmyers] 01/7/2013 18:48

Great News on the ISA, I didn't expect that to happen at all never mind in the very near future, I also feel this will encourage new investors into companies like IOF

Peter

I might be wrong but i think if you already own shares you can transfer them into an ISA, I use Selftrade and I know they have stocks and shares ISA, so I will be opening one with them. I don't want to have to sell them and buy them back if possible because you will still be liable for CGT when you sell if you go over your yearly CGT allowance

[voodoo priest] 01/7/2013 18:24

Peterz - you should be able to 'bed & ISA' them, i.e. they are sold and immediately repurchased inside the ISA wrapper (subject to your annual allowance).VP

[sandbag] 01/7/2013 18:20

jamonit,

Type Hurricane in the search box then hit the "Go" button