Iofina Share Discussion Threads

[beercapafn] 23/5/2024 08:39

Disappointing share "buys" appetite today after a positive presentation.

[chillpill] 23/5/2024 08:31

Reading between the lines they want to build 1 1/2 plants a year. I think the general plan is to spend upto $8-9 a year on Capex so to expect any dividend will need cashflow above that.

If iodine prices stay at current level and IO#10 and IO#11 are both operational this time next year then yes I think they might consider a maiden dividend.

[redstone64] 23/5/2024 08:18

It was a good presentation yesterday and plenty of time set aside for answering questions which were informative.Steady progress perhaps not as fast as many would like but the company has reduced many of the risks that were there and with each new plant that should give the board more confidence.I think the company will be more willing to consider a dividend or buyback once net cash is above $6m as that level will exceed the annual capital expenditure on new plants so unless they then consider acquisition what are they going to use the excess for?

[naphar] 23/5/2024 08:16

Planning to

[nellyb] 23/5/2024 08:12

AGM on 13th June? Anyone here going?

[fft] 23/5/2024 07:59

Yhe payback time has been 3 years for quite a while now and the plant expansion plan has been very poor. They put in place financing for plant expansion and it is still there. It was a very weak response regarding buyback or dividend. Cash generation is enough to do one a year and do a dividend. The chemical derivative side expansion has been poor. Every year the AR and interims mention expenditure on derivatives and non iodine products but there never seems to be any real change.Btw, a better presentation but plant or chemical expansion has been way less than expected and I think now most people are waiting to see them deliver. And the reduced profit this year due to increased brine payments.

[jwoolley] 23/5/2024 07:35

Agreed. It was the most informative and best presentation so far.

[chillpill] 23/5/2024 07:24

SQM results overnight with the following extract:
“We believe that the global iodine market demand could grow ~4% in 2024. • Given the expected demand growth and limited new supply, we believe the price could remain stable for the remainder of the year, with a possible slight upside.”

Watched the Investor Meet presentation last night which for long term investors is a must watch.

I thought it was the best presentation Tom has done.

Key points for me from that:
-They recognise they need to pump more through IC to drive margins.
-Payback for new plants is less than 3 years- key metric.
-New animal nutrition product coming online during this year.
-Iodine price for Q1 above $65 for Q1- a bit higher than SQM.
-Inputs/chemicals make up around 40% of cost of sales- higher than I thought- one of the key variables.
- IO#10 is not with Ovintiv despite being 2 miles down the road.
-Multiple discussions for IO#11 but very advanced.

[tackems] 22/5/2024 12:33

Why not ask today at the Investors meeting in half an hour...

[activmojo] 22/5/2024 11:36

The sales and Marketing manager, Ken Sullivan has been in place for 10 months, Maybe to soon to expect a change to last year, but I would expect a positive impact this year and it would be reassuring to have an an H1 update on IOC, with his Bio I expect him to hit the ground running. Remember all the IOC upgrades to production and laboratories.

[chillpill] 21/5/2024 19:34

Many have been critical of the expansion of Iofina Resources but I am more critical of the failure to improve volumes and profits through Iofina Chemicals. Why haven’t they been able to increase value added products?

[beeezzz] 20/5/2024 22:01

Is Weakness In Iofina plc (LON:IOF) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?

[chillpill] 20/5/2024 08:31

Tom in his post results interview indicated IO#11 is down to a couple of options. My interpretation of what he said was at least one of those options is in that area- Kingfisher/Altona direction.

Commodities are starting to go up again as structural shortages in metals such as silver and copper hit home.

[beercapafn] 20/5/2024 07:53

Chillpill: So do you think IO#11 is likely to be in the same cluster. ?

[chillpill] 19/5/2024 09:31

Just checked the location of IO#10 and it is 2 miles due west of IO#9.

[beeezzz] 16/5/2024 20:55

Its wait for expansion to finally make a huge profit, then we may see some movement in SP, I expect many investors are still in loss position...so sit back and enjoy the ride.

[chillpill] 16/5/2024 10:20

If they are going to spend $9m a year on expansion for the next 3 years as indicated by CC then share buybacks are unlikely this year unless we see another price spike.

[beeezzz] 16/5/2024 09:59

Doesn't matter what Tom says the market is not interested, its either AIM, or what the company says and does are two different things, where is this buyback...

[chillpill] 15/5/2024 21:36

Reading the various snippets Tom gives us it looks like 9,10 and probably 11 are all with Ovintiv.
Ovintiv appear to incorporating the plants into new drill areas around Kingfisher County.
This helps to explain why some of the builds haven’t been as fast as we would have liked.

He has said they are also looking at plants in other areas.

[gb904150] 15/5/2024 16:44

Thanks Rambo.

[rambo1122] 15/5/2024 16:16

Interview with Tom Zak traders cafeCan't post linkIo11 seems pretty nailed on

[chillpill] 15/5/2024 08:39

Looking back it seems the 20p seller was cleared last Wednesday.

[naphar] 15/5/2024 08:16

Curious as to why the price has jumped in early trading on that announcement

[beercapafn] 15/5/2024 07:49

For a tantalizing moment saw the headline and thought, OH - at last..............

What a disappointment.