Iofina Share Discussion Threads

[beercapafn] 22/2/2024 09:06

I see lots of buys in advance of an RNS tomorrow. Not...

[chillpill] 20/2/2024 18:47

Incidentally in last 3 years, during late Feb and March Directors have actively bought shares in the market.

Might need an update on 2023 financials before they are able to buy this year- depends what the Nomad says.

[chillpill] 20/2/2024 18:44

Interest in AIM is a fraction of what it was.
I think once the Company can demonstrate a faster build rate the share price will respond.

We have all been a bit frustrated at the build rate over 18 months but hopefully now they have more resources in that area they can build one every 9 months or so.

They have a rock solid balance sheet.

[this_is_me] 20/2/2024 15:33

It is too small a company for institutions to be interested. It is not well known by private investors who often get bored easily and don't have the patience to buy and hold for years if necessary. Like any investment there is, of course, a risk.

[beercapafn] 20/2/2024 14:29

Question: Why is it so seriously undervalued "This is me"

[this_is_me] 20/2/2024 14:01

I don't see what the problem is with the way the company is being run. All the numbers are going in the right direction and the P/E is less than 6. that makes the comp[any seriously undervalued. When you see a company seriously undervalued just take advantage and buy more shares and wait patiently for a few years.

[beercapafn] 20/2/2024 13:42

How can we vote Lance off the BOD, and when is the next opportunity, please?

His involvement, in my opinion, is holding back institutional investors from participating in our future.

His £ 1 million misadventure into seeds was ill-advised, he should fall on his sword.

If you have ever met him, he is not shy to explain how many Pies he has a finger in.

Even convinced a long-term investor here in IOF, to sell up and invest in this next " Pot of Gold "

Time to fire him and get new blood same for the incumbent CFO.

[naphar] 19/2/2024 22:58

I think the MBO idea isn’t at all likely. I don’t think Tom would have the interest in doing so, let’s face it, he doesn’t buy many shares himself. And for some reason I just don’t see Lance going in that direction.

I think it’s more likely that we will see 50p+ when they start paying dividends; I think a (small) maiden dividend may not be that far away, but that’s just based on reading between the lines of discussion at the last AGM

[danwaits] 19/2/2024 14:36

Well, here's hoping I'm right then or maybe I'm just dreaming in the hope of getting most of my money back.

[gb904150] 19/2/2024 13:31

Well, if that is the case then we as PI's should feel reassured by the fact Richard Sneller and David and Monique Newlands own about 26% of the stock between them.

Premier Miton another 4-5%.

They can attempt an MBO but it will have to be at a price that is attractive to current holders.

[danwaits] 19/2/2024 13:06

I still have a few of these @50p.. I've no evidence, apart from the snail's pace of progress, but I strongly suspect this is being lined up for a MBO.

[beercapafn] 19/2/2024 09:28

No RNS ? Find that unsettling that they are dragging it out.

If they are waiting to sign up #11 then OK.

[chillpill] 17/2/2024 23:04

fft,

As has previously been discussed it was the change in volumes that could be injected into the SWD’s to stop earthquakes that had the biggest factor.

[pinkpudycat] 17/2/2024 20:02

Lance & his puppet need removed, then the company can progress!

[fft] 17/2/2024 08:30

Production from existing plants seems to drop off more than I would have expected. Probably a combo of plant maintenance but mainly lack of consistency in brine flows (volume and iodine ppm).Until consistent long term production can be seen (without having to build new plants just to keep output up, I think the company should concentrate on the chemical side.

[chillpill] 17/2/2024 08:17

A lot will depend on the speed of build of new plants.
They increased resources into the team that plans new plants last Autumn.

If they were to confirm the signing on another site in the next 2/3 months I think we could see a re-rate.

[ramsey11] 16/2/2024 18:36

CorrectPatience is wearing thin

[jpegman] 16/2/2024 16:47

"It doesn't matter where you are coming from. All that matters is where you are going" To that end -

P/E 6.65
P/B 1.50
P/S 1.30
EV/EBITDA 4.70
Peer P/E 17.20
Industry P/E 13.00
Fair P/E 11.90
Fair Value (Share Price) £0.45
Earnings Growth Rate (5-Yr. Tr.) 66.90%
EPS Growth Rate (5-Yr. Tr.) 69.30%
Industry Earnings Outpeprformance (1 Yr. Tr.) 43.20%
Increasing Net Profit Margins? Yes
Industry Earnings Growth (5-Yr. Tr.) 4.30%
Revenue Growth Rate (5-Yr. Tr.) 13.80%
ROE 22.80%
Net Margin 20.10%
Stable Cash from Ops Growth? Yes
Cash from Ops (£M) £9.49
Industry ROE 9.10%
ROA 16.80%
Industry ROA 7.10%
ROCE (Last Year) 25.30%
ROCE (3 years ago) 17.10%
Debt/Equity (D/E) Ratio 14.60%
Total Debt £4,780,000.00
Interest Coverage Ratio 116.5
Cash (£M) £4.98
Short Term Assets (£M) £23.25
Short Term Liabilities (£M) £8.37
Long Term Assets (£M) £21.74
Long Term Liabilities (£M) £3.85
Accellerating D/E Trajectory? Yes
Dividend Yield 0.00%
Div. Payout Ratio 0.00%
Industry Avg. Yield 2.90%
Shares Outstanding 192,237,623.76
Book Value (£M) £32.77
Percentage Marketable 67.51%
Earnings Yield Above Risk-Free Rate 10.04%
Price Margin of Safety 78.88%
PE Margin of Safety 78.88%
Price to Free Cash Flow 5.11
EBITDA (£M) £10.33
Debt-Adjusted ROE 19.47%
Industry Earnings Outperformance (5Yr. Trailing) 62.60%
Gearing Bonus 2.67%
ROE Outperformance: 13.70%
Buyback indicator 3.59%
ROA Outperformance 9.70%
ROCE Accelleration (ROCE - ROCE 3 Years ago) 8.20%
Quick Ratio (Cash to Short term L) 0.59
Current Ratio (Short term A/L) 2.78
Long Term A/L 5.65
Excess Dividend -2.90%
Proven upside from 12-Month High: +50.5%

I estimate the following:

Growth Multiplier 12.29%
Prior CAGR 16.01%
Value Score (MOS) 78.88%
Earnings Accelleration 9.86
Risk Score 3
Implied PEG 0.37
Risk-Adjusted Fair Value Estimate £0.44
Price at 1x PEG £0.68
%MOS Currently Offered 74%

Aside from some evidence of deceleration, These are highly attractive financials, just needs to be confirmed with a real-world business case. Currently, that is less obvious; I note that 1) Iofina has a unique competitive stance thanks to its vertical integration, and 2)being UK listed, investors benefit from the US business landscape without having to pay the US equities premium.

[beeezzz] 16/2/2024 16:17

My advice is look at the 20 year chart you'll see share price has very much stood still, other than the sharks fin water court case debacle....

Its like watching paint dry, nothing ever happens...Oh directors been on a nice little earner..

[jpegman] 16/2/2024 14:49

Quick question about Iofina for any followers out there. How does the business compound value? It has an appealing NAV trajectory due to paying down debts etc., but ultimately each plant it commissions must depreciate quite heavily. So if the business has to spend the majority of proceeds on commissioning new brine extraction/conversion ops, and also has to write these down long term, what is the big upside for shareholders?

[dreamtwister] 16/2/2024 11:07

keep the faith...demand outstrips supply.

the eoy interims imho will on a positive vibe.



iofina has come along way since the date of the article above.

[rambo1122] 16/2/2024 08:32

That's probably it for the day

[pjl4] 16/2/2024 08:13

errrr - none!

[beercapafn] 15/2/2024 17:36

What is the chance of a Valentine's gift RNS in the morning?