Iofina Share Discussion Threads

[angel of the north] 07/3/2014 16:45

So...at this rate we'll be passing all the milestones without share price progress and suddenly become a 'wanted' commodity - only then will the share price make a sudden jump from here to 265p?

[shonny] 07/3/2014 16:44

johncsimpson
7 Mar'14 - 15:38 - 16881 of 16883

I didn't say which Friday for the sixties but I did say that it would be back to the seventies today. Is that egg I see on your face.

[johncsimpson] 07/3/2014 16:42

Lost what? This morning the price was 77.75 it's now 77.5 so great predicting there.

And it's clearly NOT sixties.

[meadow2] 07/3/2014 16:41

We'll, I'll be bxxxxxed! I didn't quite know how the market would react but I thought that, at least, we would be blue at the end of the day. Just goes to show, what do I know?

[freshvoice] 07/3/2014 16:34

Unfortunately John you lost.
Shonny was correct, back to the seventies again.
Maybe it wasn't the funding issue keeping the price down, all waiting to see if we have been producing sufficient I and selling it.
GLA

[ammons] 07/3/2014 16:29

Nice post frog1. Thanks for sharing the info. I too have Soco from 10 years back and will probably keep them till the cows come home. Not buying more in IOF as yet as I am too heavily loaded already. Must admit, the extended date re the bond is, for me, a great, great relief. Gives the company plenty of time to put all the building blocks into place despite low iodine prices or bad weather or increased drilling activity and so on. Also means that granting of the water permit is neither here nor there in terms of the main business.

[johncsimpson] 07/3/2014 15:38

One for uriney (post 16623) & boggle (16625)

and not forgetting SHONNY (16630 & 16878)

[superg1] 07/3/2014 14:45

Frog

Do you have any others in your portfolio/tips etc.

[shonny] 07/3/2014 14:40

I see my prediction for a seventies close is well on course. More mugs sucked in by the rampers this morning. Are you watching Charlie.

[rogerbridge] 07/3/2014 14:07

I agree naphar, there could have been a dilution with the previous arrangement. I think it is a win win situation for both companies.

[bobbyshilling] 07/3/2014 13:43

If we get the water permit, there is no extra pressure on the finances regarding the depot build, which can take place alongside unit roll outs. Should be no finance problems from now on as the units production/roll outs increase. I am pleased there is no major dilution, so well negotiated to the board.

[tradesville] 07/3/2014 13:40

Yep, today Numis reiterated BUY with target 156p

[joestalin] 07/3/2014 13:14

I agree with VMH - Stena would not concede more than they expect to make on the deal. It looks like they have bought into the story.

[naphar] 07/3/2014 13:05

cyber, who's fretting? not many that I can see. A few commenting ot would have been nicer if the conversion price had been higher, but nothing more, well, apart from the obvious whoa re short, trying to make a meal out of it.

And it's not really 7% is is? , more like roughly half of that, because half of it was already expected with the original terms of the loan notes, unless I missed something in my sleepy state at 7am today

[cyberbub] 07/3/2014 12:58

Everyone is fretting over a 7% dilution, FFS that's nothing on the scale of things, and will certainly make virtually no difference, as long as the company successfully executes its strategy and starts ramping up cashflow over the next 12 months...We need to be keeping an eye more on the project execution success, and iodine prices... they will have a much greater impact than a 7% dilution...NAI

[johncsimpson] 07/3/2014 12:49

A very good rationale VMH.

[masurenguy] 07/3/2014 12:49

The RNS clears the air over any further placing in the forseeable future and is also somewhat indicative that Stena have confidence in the way that the existing IOF programme is unfolding.

[captain_kurt] 07/3/2014 12:47

Mar 7th, 2014

[verymaryhinge] 07/3/2014 12:36

FB - about the only thing you can assume is that Ennismore cannot access the shares at 100p. (and thats assuming Stena want to sell - which I doubt on the basis of todays news)

Lets assume the shares are trading at 100p - Stena are being paid 6.5% per annum to hold an option to take shares at 100p.. if they convert and take the shares, they get paid nothing (no divi, see) until the shares are above 106.5 (called 'in the money') then Stena will not even think of converting.

Lets assume they're a long term holder.. they have shares at 100p and are being paid 6.5% to hold the note. They have up until the new maturity date of the note to decide whether to get their loan back at face value, or to convert and hold the shares. They have all the upside, and a yield in the meantime..

Can Ennismore afford to wait for Stena to convert ? They will be paying a fee to borrow the shares : the economics of the short decline over time.


I think Stena have done very well - they are effectively wedding themselves to IOF for an extended period, receiving a decent rate of return in the meantime, AND have the option to swap for stock at half the price at which they had the option before.


Ennismore will have to buy these shares on the open market in my opinion. Along with others short.

I suspect they'll have competition given todays news..this obstacle out of the way - I would not be surprised to see new holders emerge.

[neddo] 07/3/2014 12:06

like a bet shonny, bet it don't go down to the 60's today, how much you going to bet

[rhwillcol] 07/3/2014 12:05

Ferris: one thing wrong with your assumption: that Stena wish to sell.
That ain't going to happen. It's the opposite: Ennis have ended up being snookered.

[che7win] 07/3/2014 12:00

The terms and conditions change is interesting, I wonder if the non-core water news will have an impact...

Shonny, you seem desperate to get out of your short position, you'll just have to accept your going to lose this time.

Plenty now wanting in as cheap as possible, plenty wanting to close their shorts.

We move past this level and that is a break of the 20 day moving average....only a matter of time.

[ferris_bueller] 07/3/2014 11:51

If Enismore have been shorting since 240p I don't think they now need worry about closing in a hurry. The new Stenna deal has just created a cheap get out at £1.00 without needing to go to open market!