Iofina Share Discussion Threads

[captain_kurt] 07/2/2014 11:52

With what is coming it will be sub £250m the bears will be fighting over :@)

[n3tleylucas] 07/2/2014 11:35

I don't know the way each firm does it digs, but my guess is they have quarterly reviews rather than monthly, weekly or daily.

[engelo] 07/2/2014 11:33

che: agree: I've already got June marked in my diary :-) plus a note: sell a few at 200p :-)

[che7win] 07/2/2014 11:29

Anyone feels like this is like a year ago, only much more certainty?

Let's hope the chart replicates last year - up to June.

[diggulden] 07/2/2014 11:28

Ok, I just wondered as you have been mentioning the £100m mCap thing for a while now.

[n3tleylucas] 07/2/2014 11:20

Yes, engelo's right, but I don't think they sit with their finger on the trigger digs lol... they'll have a think.

[worraps] 07/2/2014 11:19

Ansana and engelo....yes, it's a lovely sight to see an upwards trajectory, that's for sure! It seems to have been a very long time coming. And certainly less of a sting from all that salt. Let's hope this is just the start.

[engelo] 07/2/2014 11:17

dig: et tu? Some funds have a rule that they can't invest in shares with

edit: used the less than sign and got detonated, here's the rest:

less than £100m market cap. Hence was speculating earlier about the precise rules they use. Eg if mcap falls tharough the barrier then strictly applied there would be a massive drop as all funds sold. So think they must (a) use a moving average and (b) have a time tolerance in their house rules.

[diggulden] 07/2/2014 11:17

N3tleyLucas 7 Feb'14 - 11:03 - 15883 of 15884 0 0

It's a threshold that some ii's, not all, will consider as important.


So what impact could that have, if any?

[engelo] 07/2/2014 11:08

Know what you mean ansana. I'd settle for 10% per day for a week or two myself.

Worraps: Hope a little salt coming out of your wounds, as it is from mine.

[n3tleylucas] 07/2/2014 11:03

It's a threshold that some ii's, not all, will consider as important.

[ansana] 07/2/2014 11:00

Worraps
I am just a glass half full person. Already pleased with the gain, if it goes no further today I am content.

[diggulden] 07/2/2014 10:56

N3tleyLucas 7 Feb'14 - 10:27 - 15878 of 15880 0 0

Quite right meadow, the £100m mark is important.


Care to share why exactly Netters?

[engelo] 07/2/2014 10:42

Good article but 24 hours old now ;-)

Meadow: was re £100m idly wondering what algorithm the instis use. Must be some sort of moving average imo. They can't buy and sell intra day :-)

Have heard presentation (s) to insti (s) may be next week. They won't present without something good to say.

[engelo] 07/2/2014 10:37

titus: try

General advice: use tinyurl to get round ADVFN's police, but you still need to change tt to TT.

[n3tleylucas] 07/2/2014 10:27

Quite right meadow, the £100m mark is important.

[meadow2] 07/2/2014 10:25

Fingers crossed, we will stay above a market capitalisation of £100m which will keep the institutions on side.

[worraps] 07/2/2014 10:21

I like it, PieHunter. I'm just hoping that Ansana's post, 15864, this morning, is going to be more accurate! Now that really would make me smile.

[captain_kurt] 07/2/2014 09:36

Up 8% on just 280k shares traded. Doesn't bode well for Ennismore making a dent in closing 1.29% under 100p

[n3tleylucas] 07/2/2014 09:34

Taking Stock of Iofina

Thursday, Feb 06 2014 by crazycoops 0 comments 2

It has been an eventful couple of weeks in the evolution of Iofina (IOF.L) and the fortunes of its shareholders. There has been farce, mixed news flow, officialdom and rumour. Short-term this has left shareholders out-of-pocket and understandably frustrated but taking a slightly longer-term view I sense there is much to be optimistic about.

New joint brokers were appointed at the beginning of the year and shareholders were rightly looking forward to the issue of new broker notes. Numis duly obliged with a buy rating and 156p price target. It didn't take longer than a couple of hours for shareholders to work out that the underlying analysis was strewn with errors. After pressure was placed on both the company and the broker a new note was issued the next day correcting the main errors, including a reiteration of its buy rating and price target. But short-term, the damage had been done and investor confidence was injected with a dose of uncertainty.

Interestingly, in the two weeks since this farce was played out institutional shareholdings have risen to 62% of the shares in issue.

The mixed news flow was delivered by way of an operational update on Wednesday. Based on reset investor expectations, this update confirmed that the company are on track with their plan to build and commission two new iodine extraction plants (IO4 and IO5) before the end of Q1 and have begun building IO6. There was a lack of numbers around current production from existing plants, although I was pleased to note that the company will be adopting a quarterly cadence for reporting on production. Confirmation that the company had made its first external iodine sales was undermined by a lack of detail around volume, size and value.

Then, to finish the week off we had officialdom on Thursday as Iofina presented their case to progress their water permit application in Montana followed by rumour on Friday afternoon as word circulated that the engineering deficiencies had been overcome and that the application might be approved for a reduced volume outtake. If the rumour is confirmed officially over the next few days, the share price should continue to recover from currently depressed levels.

So where next for Iofina and its shareholders? Apart from the short-term boost that could come from a successful water permit application, I can't help wondering about the significance of institutional shareholders now owning 62% of the company. This represents a definite shift of influence away from retail investors in favour of the institutions. Is this a good thing? Hopefully it will go some way to reducing the extreme price volatility that has accompanied this share in recent months. However, it also gives me the sense that there might be some form of corporate activity brewing, although it is perhaps too early to speculate. It could just be that an increasing number of investment professionals have realised what a great value investment Iofina could turn out to be.

One thing is for sure, there are few dull moments being an Iofina shareholder these days.

Disclosure – I own shares in Iofina (LON:IOF)

[malachey] 07/2/2014 09:33

or even:



edit: JINX!

[diggulden] 07/2/2014 09:32

EDIT: Beat me to it!

Good bit of upward pressure today, makes a nice bloody change!!