Iofina Share Discussion Threads

[sandbag] 24/12/2013 00:00

Someone said that most of the old posters seem to be absent now.
Perhaps they just can't get a word in.

If you count from post 14006 to 14038 I believe there were 33 posts. Of those 17 were by Ramu. Throw in a couple by the foul mouthed Jack and Netley and it's no wonder the old regulars don't want to be bothered.

[ramu kumar] 23/12/2013 23:47

Hurricane, why the cryptic messages - does it make you feel superior? Are the rest of us beneath you? None of your previous posts held any water, so why now?

[hurricane.] 23/12/2013 23:45

More to talk about tomorrow, as the buyers move to the forefront.
News flash...Rain washes away the bear picnic. Soggy sandwiches anyone?

[ramu kumar] 23/12/2013 23:42

Hey simmy1699, not everyone has an agenda, some of us are genuinely 'stupid' when it comes to investment and do NOT want others to be fooled.

May sound pious but we ALL make mistakes investing but we need not be arrogant and want others to make the SAME mistakes.

[simmy1699] 23/12/2013 23:30

Ramu, just tell everyone the truth. You haven't lost lots of money. You see the potential here and probably sold in the 0.90s and are wanting to buy back in the 0.70s. Why else are you glued to this BB and suddenly acting like n3tley and jack? Don't feed anyone nonsense that you "don't want others to lose money". I'm embarrassed for you. Genuinely you have added nothing constructive to the BB and you're deramping is based on just taking shots at superg knowing that other insecure pi's may sell. If you are going to deramp, take tips from n3tley. At least he did some digging and has probably bought back in now otherwise he would be deramping this further. Similarly your mate jack is clueless. Just a coincidence that price dropped and that he has personal vendetta against sg. Genuinely, look back - I don't even think the fellas got an insight about the company. Is just a stiffy he has for sg.

[ramu kumar] 23/12/2013 23:21

iofra, thanks for correction. Gary has ZERO shares and CAN shoot his mouth like SG because he has OPTIONS. If share price goes up, he exercises the options, if not he stays stump, like SG.

Good one iofra, now be a good lad/laddie and research the current EPS and projected EPS, thanks.

[iofra] 23/12/2013 23:09

It's George Lantz who has 26K shares - as you say best to get facts right.

[ramu kumar] 23/12/2013 23:06

I've lost considerable money and I do NOT want others to suffer the same fate. If you think I need to give this a rest then ask yourself ONE question, Gary who's the FD gave an upbeat statement to Che last week but to date has NOT dipped into his own pocket to INCREASE his shares beyond the paltry 26k he was given. Need I say more?

[heavyhaulage49] 23/12/2013 23:00

Odd that this board was quiet as a grave earlier, then all these defenders of the faith suddenly appear.....

[ramu kumar] 23/12/2013 22:58

iofra,

You challenged me today and now want me take a rest. Where do you guys come from - SG's soiled underwear?

[iofra] 23/12/2013 22:55

Ram:
'Finally, unlike SG I do not post everyday morning to night - just occasionally,'

so why not give it a rest and give your family some of your time - it's nearly Christmas

Have a good one.

[ramu kumar] 23/12/2013 22:54

Going forward, if ANY numpty or SG's stooge dare post financial numbers like production output, sales/shipment numbers, EPS, P/E etc. you HAVE to justify these numbers, thanks.

[ramu kumar] 23/12/2013 22:48

Che, YOU posted 10p EPS - if you have difficulty justifying that, please do NOT post anymore. You're lucky I have not taken you to task on P/E.

[ramu kumar] 23/12/2013 22:45

Do ANY of you SG stooges know how to work out EPS?

[che7win] 23/12/2013 22:45

"ramu kumar 23 Dec'13 - 22:25 - 14016 of 14020 0 1

Hey Che,

Did you not read my posts - why should I justify your numbers? You posted them and if you have the confidence in your numbers then justify your figures."

Ramu,
I'm disappointed you can't share any figures. I'm not asking you do justify my numbers, that is of no benefit to me.

Rather, I'm asking you to justify your criticism of my numbers, or can you not do that?
You have been found rather wanting on this.

[ammons] 23/12/2013 22:45

My post?? I wrote only one line of it. The rest is copy and paste, trying to help you sort out your problems!!

che7win - 19 Dec 2013 - 09:15:25 - 13509 of 14019

[ramu kumar] 23/12/2013 22:42

ammons, despite your lengthy post it is NOT 10p EPS - just look at your OWN post before you shoot your mouth. It's a rambling post akin to SG's and devoid of crucial numbers to justify 10p EPS!

[heavyhaulage49] 23/12/2013 22:40

I think you are talking bull again che7, you can't justify your pie in the sky fantasies so resort to bluster.

YOU are making the claims, try justifying them.

[ammons] 23/12/2013 22:36

Jeeeesus Ramu, you really are bitter and twisted aren't you!!!
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che7win - 19 Dec 2013 - 09:15:25 - 13509 of 14019
The RNS is clearer to me regarding the optimisation:

" The Group's IO#1 iodine extraction pilot plant based on Iofina's WET® IOsorb™ technology ("IO#1"), recently celebrated its successful first year anniversary. This combined with the continued production at IO#2, which recently underwent extensive planned maintenance to refresh high levels of iodine production in the tower, and completion of the first digitally designed plant, IO#3, confirms the rollout and successful implementation of the Group's corporate strategy. Although not fully optimized, the three combined plants are averaging in excess of 1,000 kilograms of iodine per day, satisfying the Group's internal iodine demand while building inventory for future outside sales."

That maintenance on IO#2 is the deep cleaning of the tower. That is what they are working on to minimise and that is (at least partly) what they mean by optimisation of the plants. If they can minimise downtime on the tower deep cleaning, they will have a higher production rate going forward. They are looking at ways of doing that.

The above plays into the 1000MT average. Going by what matrix posted about plants being offline, that plays into the lower average than we expected on the three plants.

So yes, I think this is something they can improve vastly on going forward.


Looking at the current valuation, I can't help thinking its a great price.
Unfortunately not for me, I'm fully invested here, I'm kicking myself I didn't sell over 200p, but then I didn't know what I know now.
Had I done so, I would be loading up at this price.

3 plants and recycling giving a base 400 MT right now, around £6m profit. About 4.5p EPS assuming a small about of tax. So currently at a P/E of less than 20 assuming chemical covers the overheads.

3 more plants giving around another 500 MT in the next few months. Another £7.5m profit assuming minimal tax.

Add in a few mobile plants and the run rate will be looking extremely good by end of 2014.

What do we pay for £10m profits next year and a £15m profit run rate by year end for iodine?

I exclude water which would be another £11m or so and I really do think our chances are very good in getting it.

There is little growth factored into the current price IMHO but it matters not to me now. The share price can do what it wants in the short term, I am only interested in the 12 - 24 month picture.

All IMHO.

[ramu kumar] 23/12/2013 22:33

Why should Heavy justify the numbers when YOU posted 10p EPS?

[che7win] 23/12/2013 22:29

Heavy, can you work with Ramu on the calculations?

[ramu kumar] 23/12/2013 22:27

fv,

You need to grow up. We will talk when you've reached my wavelength, thanks.