Iofina Share Discussion Threads

[beercapafn] 17/10/2023 10:01

I'm not sure what Richard Snellers average is but i'm sure he is not happy with the drop in share price....

Nor am I. BUYBACK BUYBACK BUYBACK. PLEASE.

[paulie9] 17/10/2023 09:58

No one's happyThe lack off buying is shocking

[barrywhit] 17/10/2023 09:55

I'm not sure what Richard Snellers average is but i'm sure he is not happy with the drop in share price....

[lostsole] 17/10/2023 08:27

40,000 of those were mine - having to sell to service an unexpected expenditureCertainly not out of choice as I've been here on the ride down from 76p and believe IOF will *eventually* come good and potentially back up to 100p+GLA

[bocker01] 16/10/2023 21:35

I’d rather it got to 40p without WW3 Beeez.

[serratia] 16/10/2023 19:31

40p seems a reasonable target, As H1 target looked like 30p that implies 50p value on H2 figures, IF that's on the cards it should move up a bit from 50p as IO9 will be on stream for the full year. Too many unknowns so the above will be wrong but it's my aspiration. Let's see how things pan out. Known unknowns and all that.

[beeezzz] 16/10/2023 19:11

MM's moved down, maybe sell order in the works....

This will get to 40p in about 10 years unless WW3 happens, not seeing a pound in a very long time..IMO

[riddlerone] 16/10/2023 18:53

Looks like the MM's have set out to snare themselves a few T traders...very naughty

[chillpill] 16/10/2023 18:19

Welcome to AIM. Down 7% on £60k shares traded!

[elsa7878] 16/10/2023 17:42

It made a profit of $4.7 million not £ and that was pre-tax and when the iodine price averaged $71.5.
Apart from that you’re correct…

[pinkpudycat] 16/10/2023 16:04

Nothing has changed, the £1.00 share price some spouted here is a pipe dream until the BOD are replaced.

[hopefullamateur1] 16/10/2023 15:33

I agree with the above, but it is still very profitable, Canaccord has it with a target of 40p and made £4.7M in profit in just H1. Its now trading lower than in the regional banking crisis in March...

[barrywhit] 16/10/2023 15:28

30% retrace, i didn't expect that after IO9 bought online...

[fft] 16/10/2023 10:57

Unfortunately Iofina is not making as much as it should do. IO9 started the build a year later than expected (judging by Tom's comments at the time), IO9 is still not working at full capacity (see last news). And IO10, instead of following on straight behind IO9 (Tom again) looks like being a lot further down the road than was intimated by Tom. Lots of talk but not a lot of delivery. They are riding on the back of high iodine prices - not a lot else. A buy back or dividends would make sense. They have about enough cash to build a plant and enough borrowing facilities to build a couple more.

[hopefullamateur1] 16/10/2023 10:14

Genuinely surprised at the lack of interest. US is not in recession and $ is strong. IOF is making a packet with Iodine where it is. AIM is however having a fit, I think some news might help...ironically I am hoping for a delay as I think a good production update with IO10 news might bounce it.

Either that or maybe its going to get a takeover bid....

[serratia] 16/10/2023 10:09

Update to September - Not much changing. Price the same as recent months at $67.6. Chile exports 14,516 vs last ytd 14,351 tons. I capture most of Chilean production, just over 80% and they come through with a delay. Year to August 10,900 tons vs last year 11,364 tons. Q4 production last year was down due to the Cosayach problem so I expect 2023 to exceed 2022 by around 500 tons.

[barrywhit] 16/10/2023 09:54

Typical Iofina, soooo much promise.....

[chillpill] 16/10/2023 07:25

Just been on IOF website and Premier Miton are now up to 6.4%.

Forgotten the last figure but I think they have added c.2% recently.

[chillpill] 13/10/2023 21:13

I’m not against share buybacks as long as it creates long term value which you would think buying at the current valuation it would.

The negative use of share buybacks is it favours the “weakest”; shareholders ie those that want to sell out in near term.

It all really about efficient use of capital and metrics such as ROCE/ROIC.

[starastar] 13/10/2023 11:42

Trouble is though, BeerCap, that buybacks get gamed and are fundamentally flawed in that sense. The share price just gets adjusted downward, and while this rewards shareholders who hold on (the anti-dilutive effect for holders is greater over the long term), the impact can actually push the share price down further.

I can't help thinking an incremental 'grinding out' of bears by the introduction of a small dividend would have a better effect. State a small divi of X (perhaps two payments of X/2). Say it will be increased by a penny next year, and do it in such a way that the underlying cash generation of the business is unaffected. This will drive traders away and provide a floor price, as well as attracting longer term small holders to complement the existing larger private investors.

I'm as impatient as you are for a proper rating to be applied. All this would be moot if the company could generate some real news around IO10 and IO11. Ideally we get all of these things!!

[beercapafn] 13/10/2023 08:35

Assume no RNS = no news IO#10. (:-(

[beercapafn] 12/10/2023 16:46

All long-term Shareholders.

The share price has slipped a full 10p for no other reason than a steady stream of sellers, and a lack of progress in signing new plants.

I suggest a steady buyback program would have helped the share price stay above 32p. Suggest 1,000,000 a month to start.

The balance sheet has enough cash to fund the next plant AND buy back from those who think IOF progress is too slow.

Just my point of view.

[activmojo] 12/10/2023 14:07

Expecting H2 production to be 325-350mt. So 3rd quarter should be inclined to achieve that outcome. 143 mt in q3 23. IO9 was still ramping up so an estimate of 160-175mt
Last year the production numbers were held back to the end of the month to coincide with finalising agreement on IO9.

[zendo102] 11/10/2023 14:44

Most likely to be a trader. Buy before the update, sell just after.