Iofina Share Discussion Threads

[the librarian] 02/1/2014 22:06

It's a good observation SL, ennismore do have a large short open and are probably hoping the price will fall further before buying back, it's important to know that. However, if they need to start closing it will have an impact on the share price unless they can persuade an insti to sell their shares to them.

[the librarian] 02/1/2014 21:40

I'm sure you are SL, but not on other boards I would guess. Anyway, the fundamentals... three more plants going in that are paid for (probably), and as the year develops what with the games SQM have been playing with the price of Iodine (their highest profit earner) then I think everything will be much more positive in H2. At the moment a good buying in point, although the shorters would disagree, however if the price drops again I will be buying more and doubt if I will be on my own with that view.

[superg1] 02/1/2014 21:28

Scrutable

I spent a few days going through a few hundred AIM shares, with some simple rules to ignore shares.

One of those rules was the last 5 years revenues. It was a real eye opener to see just how many have earned nothing or very little, with ever-increasing losses for some. However the chart for some of the consistent losers had taken off in multiples, frightening stuff, many will surely crash and burn.

Equally there are many with steady growth and rising profits but then with PE's of less than 3.

I forget which one, but I noted revenue of over £100m, yet the MC was 2 or 3 times less than some AIM companies with no revenue, rising debt, and high risk.
For me it confirmed that impossible fail term I have come to use for companies in the development phase. No wonder the AIM is littered with apparent failures.

San Leon, as described above, IOF are into the delivery phase with slips, which causes the fear and panic, and that's about where it ends to explain the reason why.

Once those high flying shares with naff all right now, start to hit the delivery phase and slip (they will) they will get hammered on the price, while they are nowhere near the delivery phase, the hype can continue unabated, with no reason to doubt promises.

Iodine prices are more or less controlled by Chile and they are on their backsides with this price. Just take a look at the SQM share price, they control about a third of the world market, but even they have had to back off to protect the price.

The iof forecast opex is at levels Chile could only dream of.

A niche growing market with the product having 100's of uses, with commercial resources rare.

There are a few in the delivery phase and some set to grow well, but the price doesn't reflect near term revenue. Some have MC's less than 30% of their tangible assets, and are about to become cash generative and profitable. The AIM is a strange place.

[the librarian] 02/1/2014 21:10

Best to 'fess up' now SL, nothing wrong with being too embarrassed to post under an old avatar, any views are good, positive or negative so long as they are backed up with facts... which to be honest are hard to put your finger on with the company's unwillingness to supply them.. but they are a good growth company :-)

[9 darter] 02/1/2014 21:10

crosseyed,

Correct...

Best 9 Darts I ever thrown were; 140, 180, 140

Both 140's, the first 2 hit treble 20.

I'm a very bad player BTW, 21-27 on average per leg.

Ps. Did Brendan Nolan not do a 9 darter the Irish Open 2 years ago

with a double in double out format, starting with double top?

[crosseyed] 02/1/2014 20:40

9 darter,

OT
I am assuming that your monicker indicates the minimum number of darts to finish a 501-darts game. Where I used to play, the local rules required a double to start and to finish (double-in/double-out rules). Unless the bull is allowed as a double, it is not possible to play a 9-dart game. The minimum is 10 darts (lots of combinations). If 50 is allowed as a double, then there is, I think, just one combination, either starting or finishing with a bull, eg
[50] - [6 times 60] - [51] - [40]

c

[sanleon] 02/1/2014 19:46

Ha ha, i do try

[phsycho] 02/1/2014 19:35

San leon new profile

SanLeon 2 Jan'14 - 18:19 - 14317 of 14323
I am new to this.


SanLeon 2 Jan'14 - 19:17 - 14322 of 14323
Looks like a gap to fill at 115p ?

a quick learner then

[the librarian] 02/1/2014 19:25

:-) There is indeed a gap to fill, it's not the only one though, there does appear to be one in the writing of informative RNS's by the company. Hopefully their New Years resolution will to be to put some relative information in them on sales and cash flow.

[swiftnick] 02/1/2014 19:07

Scrutable,

Take your point about avoiding companies with low income, but this on its own would not have saved you from Meldex which in its last published accounts (for year ended 31 December 2007) disclosed an audited turnover of £27.1 million. The interim accounts which followed (for the period to June 2008), admittedly unaudited, then showed turnover of £23.7m for six months. On the face of it the company appeared to be both growing rapidly and profitable.

Shareholders were let down not just by the directors but by the auditors who clearly didn't understand the business and weren't asking the right questions.

[dontshoutatonce] 02/1/2014 18:34

SanLeon, Welcome. Board was over-optimistic and didn't seem to have allowed time for poor weather and delays, as usually happens in industry, especially all such experimenting and creating, for these are new designs; so, teething troubles. Punters got the jitters without thinking or were unreasonably greedy and believed things would happen overnight. Hence a rabbit bred sheep and they headed for the hills!
Water is a bonus that itself has outside potential.
I don't say there won't be more problems but the plan is on course.

[neddo] 02/1/2014 17:57

compensation for late deliveries ??

[engelo] 02/1/2014 17:17

SG 14300 Re Ukraine Ti towers: a container was delivered into IOF's hands at port on Dec 6th. Imo this was the final consignment for I04: if so would be on site within a few days and it should be assembled, integrated into the plant and maybe even undergoing testing by now.

Have no info on 1st FRP tower (US sourced) which the RNS said should be received on site by end Dec.

Again I have no info but as the 2 FRP suppliers are in competition would not expect the next FRP tower to be far behind.

Agree that a further tower has been ordered ahead: this would have to be from the Ukraine as a repeat order for FRP doesn't make sense until both FRP1 and FRP2 towers have been proved.

[2 risky] 02/1/2014 16:58

as much as i admire your enthusiasm scrutable,for me the easy money has been made here from 60p -250p, a near parabolic rise,and more importantly before the hate mob were alerted to it.
you may well make money from here but it's gonna be a grind,the detractors will see to that. currently sitting on the sidelines waiting for the dust to settle,may take a small punt should the chart point that way.

btw, who's this trevelyan chap you mention? think you mean TREVILLION that name should be seared into your soul.maybe not so badly burnt as you claim?

anyone buying shares should google the name richard ian trevillion before considering even the smallest purchase.a case study indeed

[freshvoice] 02/1/2014 16:53

Sells much more than buys, yet price holds up. Looks like we are on the way.

[festario] 02/1/2014 16:26

They are certainly in mine CC, my largest holding by far, even more so since the collapse of the IOF share price.

[crapcrap] 02/1/2014 15:52

scrutable, Are gvc in your 852 shares? if they are, take a look!
best regards
cc