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IOF Iofina Plc

19.75
-0.75 (-3.66%)
Last Updated: 09:45:51
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Iofina Plc LSE:IOF London Ordinary Share GB00B2QL5C79 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.75 -3.66% 19.75 69,997 09:45:51
Bid Price Offer Price High Price Low Price Open Price
19.00 20.50 20.50 19.75 20.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec USD 42.2M USD 7.87M USD 0.0410 4.82 37.89M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:00:19 O 10,235 19.50 GBX

Iofina (IOF) Latest News

Iofina (IOF) Discussions and Chat

Iofina Forums and Chat

Date Time Title Posts
14/6/202413:06Iofina - US Iodine producer8,964
13/6/202422:17iofina iodine and Canabis oil11,169
11/4/202410:02Iofina4
15/5/202316:17Iofina44,906
24/2/202311:48Iofina recovery7,066

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Iofina (IOF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:00:2019.5010,2351,995.83O
10:07:0219.6615,1982,987.93O
09:50:2119.7010,0441,978.67O
09:03:0519.7561.19O
08:45:5519.75900177.75O

Iofina (IOF) Top Chat Posts

Top Posts
Posted at 14/6/2024 09:20 by Iofina Daily Update
Iofina Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker IOF. The last closing price for Iofina was 20.50p.
Iofina currently has 191,858,408 shares in issue. The market capitalisation of Iofina is £37,892,036.
Iofina has a price to earnings ratio (PE ratio) of 4.82.
This morning IOF shares opened at 20.50p
Posted at 09/5/2024 09:27 by tackems
I emailed Tom Becker concerned that the share seemed to be languishing in the depths and noted that I had been a shareholder with a significant number (to my mind) for over 15 years. I suggested that a maiden dividend now that we are debt free may change things. Tom kindly replied and I have posted it below:

"Thank you for taking the time to send your email.

We also share your frustrations with the share price. We have continued to grow our revenues, expand our production facilities, and have remained very profitable. However, sentiment for AIM stocks has been subdued for quite some time. Looking across at other growing companies on AIM, we are certainly not the only ones not seeing our growth fully reflected in the share price.

We do hope that stock market sentiment will improve in the coming months with talk of interest rates falling. We continue to engage with potential new investors who like the story and we are committed to bringing new holders onto the share register. In terms of growth, we continue to invest in R&D and IO#10 is on track to come into production in Q3 2024, whilst further new plants are in negotiation and planning phases.

Noting your question re. dividends, currently, our strategy is to reinvest our cash for growth. However, we do review this policy on an ongoing basis, including share buybacks.

If you are due to attend this year’s AGM, I would be very happy speak to you and further address these questions or any others you may have.

Kind regards,

Tom"

So slow and steady continues and all in all I think I will stick with them even though I am just at breakeven.
Posted at 04/5/2024 18:01 by txi
they need to put in place a person dedicated to looking after shareholders interests
It doesn't appear that anyone is taking notice of the dire share price.
What's the point of ramping investment if no one cares about the share price
Posted at 02/5/2024 10:39 by zendo102
Results:
Lacklustre and pedestrian - there is nothing on the horizon that is likely to jump start the share price.

Compare:
“Costs of raw materials to process the brine water into iodine continued to increase in 2023, however, chemical cost increases in 2023 were lower than those of 2022.”

“During H2 2022, iodine prices peaked and have subsequently slowly come off these highs during 2023 and have currently settled in the mid to upper sixties per kilogram.”

In other words, those supplying chemicals to Iofina were able to raise their prices, but Iofina were not able to pass those increased costs on to their customers. Margins suffer. (Inflation hit 10-15% last year. Why are iodine prices not $77-$80/kg? Everything else has gone up.)

Growth strategy:
IO#10 is so well flagged that it is now a banana skin rather than a possible surprise to the upside. Only a ramp up in plant building (or a surprise maiden dividend) can save us now. How about starting the next plant before the previous one is finished, so those preparing the site finish and then move straight onto the next, those installing equipment do the same? Iofina has the resources to do this - either there is no will to do it, or the economics are just not that good.

Yearly share price chart:
a relentless share price drop from 32p to where we are now. Any more and we will be at the offer price of the share placement 5 years ago (April 1st, 2019) - shares were offered at 16p, which according to the Bank of England’s (very conservative) inflation calculator, is equivalent to 19.74p today. That was the last time I bought Iofina shares. With the current price of 19.77p, I’m effectively up less than 0.03p (1%) a share over FIVE years in real terms. Drinks all round? I think not.

Investor Mood:
The lack of comments on this board show extreme investor apathy as well. In years gone by, when the narrative was good, there was 10 times as many posts on results days. A company does need to focus on the fundamentals, but investors also need to see a story to buy into. Iofina used to trumpet the unique tech, the strategic importance of iodine, the environmentally friendly extraction of a valuable product from waste product, the huge untapped potential of the vast quantities of brine being disposed of every day, the lowest costs of production in the industry, the desire to be the biggest producer in the USA. Many of these ideas are there, but they are buried in the strategic report (did you read that far?) In becoming prudent and conservative, Iofina has become BORING.

There are some value characteristics there, but where is the out, the catalyst that will drive the share price up? Without that Iofina will just plod along. This could be the bottom for the share price, but sometime over the tax year, unless there is a dramatic turnaround, I suspect I’ll be selling my medium-sized stack of Iofina shares to offset capital gains elsewhere.

Anyone care to change my mind?
Posted at 11/4/2024 15:09 by severnof9
I share the same outlook as Chillpill in respect of quarter 1 and overall trading.

The price per Kg of Iodine is favourable and the latest company updates are pointing toward a positive future for iodine production in my view.

I particularly like these extracts from the Q4 Corporate update

hxxps://iofina.com/q4-2023-corporate-update/

"Demand for the Company’s crystalline iodine remained robust during the final quarter, whilst sales of iodine derivatives had mixed results. Regarding non-iodine products, sales of a key product mainly used in the semiconductor industry improved significantly in the second half of the year after a slower-than-anticipated first half."

"In terms of new products, Iofina Chemical will be adding to its iodine derivatives product range in H1 2024, including an existing product in the market for which there is strong demand. The Company also expects to increase sales of its crystalline iodine to customers in Europe in 2024 through existing and new relationships."

I read somewhere this week that IOF iodine sales to Europe make up 1% of iodine sales by geography with the vast majority going to the US and Asia. If sales can be generated in Europe that should help with turnover from increased iodine production.

I have steadily purchased shares this week using up my 2024 ISA allowance on this unexplained dip so hoping for good news to come.

Chillpill

I know you state you have taken a recent deep dive into IOf regarding delays in the roll out of sites and I also note the reference to IO9 not being reliant of SWD due to its design. Any insight you can share on these comments would be appreciated.

Many thnaks
Posted at 10/4/2024 14:40 by gb904150
Isn't this all a bit premature?

Last year on 12th April we had a Q1 production update.

2 weeks after that we should have our 2023 full year results for YE 31/12/2023.

That will show what our finances look like with 12 months of relatively strong iodine prices, little to no debt (so no financing costs) and hopefully stable production.

Only then can we see if the recent 40% drop in the share price, seemingly on no major changes is justified or not.

TBH at this stage it would need to be an absolutely abysmal operational performance for that drop to be justified.

Yes, I know everyone hates the management and those shouts are even louder atm because the share price is so weak....but can we hold on and then roast them based on some actual results first please?
Posted at 04/4/2024 18:00 by naphar
Wouldn’t buybacks have just helped sellers sell at a higher price to the cost of the company?

What stops a share price falling back anyway when the buyback pot runs out?

And where did they ever say they set aside a million to buy back from the market? Their intent for a buy back from my recollection, as I stated many times, was to buy a block being sold as below market value.

Clearly what they are doing currently isn’t working from a share price perspective, for whatever reason. And I wish it were. And I do t even mind the idea of a buyback at the right price, it should be earnings accretive. As long as they have the cash for expansion and to fulfill other opportunities, both of which seem too slow in coming to fruition currently.
Posted at 03/4/2024 10:27 by beeezzz
Market is weak at the moment, as a PI you are irrelevant, which they have demonstrated over the years...

Serraria - One thing you should understand, those running company are academics and not business men, if they were they would issued 10m share when share price was £2 and cleared all their debts, instead of waiting until share price was a few pence, which meant issuing substantially more shares creating greater dilution.
Posted at 15/3/2024 08:12 by beercapafn
What is going on. ?

Something is wrong !!!

We hope the money is piling up, but.

Lack of news, transparently and openly promised at EVERY AGM, is just not happening.

Lack of information, news, and forward plans.

Good or bad.

This has led to a collapse in the share price and market cap of 36%

192 million shares in issue X 36P = 69 million
192 million shares in issue X 23p = 44 million

That's a drop of 25 million.

Back at the AGM Tom stated that they had set aside 1 million for buybacks, to protect the share price from some small sellers affecting the share price.

The BOD, for some reason (I suspect they have some aspirations of M&A ), has presided over a huge drop of 25 million in the value of IOF in any such venture.

They have proved that they are incapable of finding new Brine at a rate to use capital accruing.

So, I agree that a change in the business model needs to change.

But I don't believe the current BOD have the skill set or breadth of experience to convince the market of that.

And most definitely not with ANY involvement of Lance.

Bit of a rant, but very frustrated at the lack of information and drop in Share Price
Posted at 13/1/2024 12:31 by activmojo
55.0% potential upside indicated by Canaccord Genuity
Canaccord Genuity set a target price of 40 GBX for the company, which when compared to the Iofina plc share price of 26 GBX at opening today (12/01/2024) indicates a potential upside of 55.0%. Trading has ranged between 22 (52 week low) and 38 (52 week high) with an average of 182,184 shares exchanging hands daily. The market capitalisation at the time of writing is £47,836,625.

Iofina plc is a United Kingdom-based holding company. The Company is a specialist in the exploration and production of iodine and a manufacturer of specialty chemical products. The Company’s principal business is to identify, develop, build, own, and operate iodine extraction plants, focused on North America, based on the Company’s Wellhead Extraction Technology (WET) IOsorb technology. The Company, through its subsidiary, Iofina Resources, Inc., develops, builds, owns, and operates iodine extraction plants using its WET IOsorb technology. The Company, through its subsidiary, Iofina Chemical, Inc., manufactures halogen specialty chemicals derived from raw iodine, as well as non-iodine-based products. Its subsidiary, IofinaEX, Inc., is engaged in the extraction of cannabinoid-based products from hemp. The Company’s production operations are located in the United States, specifically in Kentucky and Oklahoma. Its other subsidiary is Iofina Resources, LLC.
Posted at 03/11/2023 17:45 by serratia
beeezzz, I might not have explained my thinking clearly.Each half year the share price moves in a range. I just compare that range to my version of OCF. Based on the last H1 figure the minimum ratio from historic figures implies a minimum share price of 21.5p. You could say in relation to H1 OCF it's never been cheaper.
The upper limit is not constant. In 2020 it peaked at 15* OCF in 2021 8.5* and 2022 5*. A 42p share price would be 8* H1 OCF, not unreasonable. In addition H2 should be an improvement on H1 as the iodine price is holding and output increasing dropping the 8* figure.
The broker figure of 42p (?) is at the higher end based on H1 but believable based on H2 estimates.
I only use these figures as a rough guide as there are many macro figures that impact on share prices and sentiment such as wars/ recessions etc. A fair share price is not what I think it should be but what others think.
Iofina share price data is direct from the London Stock Exchange

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