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
  -0.375 -3.0% 12.125 2,122,194 10:44:44
Bid Price Offer Price High Price Low Price Open Price
11.75 12.50 13.25 11.25 11.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 29.25 0.55 0.30 40.4 23
Last Trade Time Trade Type Trade Size Trade Price Currency
12:42:51 O 2,600 11.815 GBX

Iofina (IOF) Latest News (4)

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Iofina Investors    Iofina Takeover Rumours

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Date Time Title Posts
15/4/202113:18iofina iodine and Canabis oil10,970
15/4/202111:48Iofina - US Iodine producer2,971
21/3/202121:27Iofina Private Investors Meeting - Cheltenham172

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Iofina Daily Update: Iofina Plc is listed in the General Financial sector of the London Stock Exchange with ticker IOF. The last closing price for Iofina was 12.50p.
Iofina Plc has a 4 week average price of 11p and a 12 week average price of 11p.
The 1 year high share price is 19.28p while the 1 year low share price is currently 10.63p.
There are currently 191,858,408 shares in issue and the average daily traded volume is 308,734 shares. The market capitalisation of Iofina Plc is £23,262,831.97.
serratia: In 2017 SQM had crashed the price to $19.9/kg. In that year IOF produced 503 t iodine. TB et al had been left with a debt/output mess by the previous management so it was survival mode. Since then output has risen, prices increased and debt reduced. One way of looking at progress , not all under their control, is to look at the value of the iodine produced.Since 2017 they have corrected plant changes made by the earlier team, removed legacy unproductive plant and added a new unit. Taking the output and multiplying by the iodine price you get one measure of progress. 2017 $10.0m, 2018 $14.4m, 2019 $17.6m, 2020 $21.0m. So by management changes and helped by the iodine price the value of IOF's output has doubled over 3 years. At today's iodine price another plant would add around $4.3m equivalent sales and cost from memory around $3m. FinnCap target an EDITDA of $4.9m for this year. Most of that should drop through to cash as D&A are non cash items and they should have tax losses. Working capital might fall as TB said they're moving some of their stock. Not sure what the interest charge will be. So the options are debt reduction or another plant assuming they've got a target site. What would be really interesting is whether they could find a descent brine supply for IO5 to maybe add another 100t.
activmojo: Call me old fashioned, I thought the share price is the best measure of progress or managements success. Just scroll up and look at the long term share price performance. Also you could look at the effect of the last two trading updates, 16thOct & 19th Jan and the share price reaction. If you hold and are content with the situation and the forward out look then thats fair enough I'm not content but at the moment don't see a way up from here. As the saying goes if you keep doing the same action don't expect a different outcome or something like that:)
meb123: It's to be expected. Like most die hards, he cannot see the wood from the trees and there will be push back if there is any criticism of the company or management . With most listed companies , a languishing share price will lead to a change in management. In this case we have a decimation of the share price from only a few years ago. You could ask what can new management do what the existing team can't. I would say they cannot do worse!
blackprince_1: I have been buying at these prices as I know the BOD want the share price over the 16p placing price before AB shows his hand. Win win situation. AB plans will see the share price over 40p+ in old Iofina money over the three listings. The current BOD I hear will fight it with a potential partnership for faster growth.
naphar: Ansana “There won’t be crumbs left for shareholders to fight over“ When he was a loan note recipient I would have totally agreed with you. Now he is a shareholder only and our financial interests are far more aligned. Share price rises and we all win. I don’t necessarily want AB taking charge, but I welcome the chance to have a vastly increased share price. That can come from internal and external factors.
blackprince_1: Since I last posted there have been two director buys by Chairman and CEO. Thanks to the international market it seems seed sales will be successful this year. Iodine prices are starting to recover as the weeks go by. Iofina BOD are very keen for the share price to be over the placing price of 16p asap. Who is buying the shares? Friends of Lance or AB ? A game to see who controls this company by the Summer is being played out !
ansana: The RNS was a good brief read. IOF are undoubtedly in a much better place financially. If this pandemic had hit a couple of years ago I wondered if the company could have survived. Let's see what they can do as we emerge from the Pandemic. Let's see how Governments around the world heal their balance sheets and how many companies and businesses have survived and remained viable. I know some think IOF should have been blasting ahead in-spite of the calamitous position the world finds itself in but that's not a realistic proposition. They have been doing what any prudent company would do husbanding their resources. Husbanding so they will continue to be in a viable position ready for post Covid or managed Covid. When demand returns, when the brines return when the customers return the company will move forward. Progress in the past was painfully slow because they were hamstrung by debt. Going forward they have more options. On the cusp of better trading and operational conditions it is ridiculous to call for the company to be broken up and sold off. For some it is an inconvenient truth that Lance and Tom are experts in their field and infuriating they stood up to Almost Belize. We could have been in for a fast buck if they had adopted his Business ethics. That didn't happen so the next thing is to call for new Management and if that doesn't happen call for the company to be broken up and sold off. Regrettably it doesn't take much to keep the share price down with the drip drip of shares placed in the market, now who could that be? and his minions on here dripping negativity which doesn't help the share price either. I choose to look outward not inward. Personally I have come this far and I will give them some more time. However, I sit and wait as a critic, as soon as possible I expect progress. The potential for significant growth has been a long time coming so when it presents slow and steady won't do anymore. We need to be telling the company that, not by carping on here but in engaging with them in emails. I know of one person here who rang them up and they answered. Right back to the day job.
naphar: Pink you are right to take back the gravy train comment, it was wrong. They are certainly not taking huge salaries at the expense of shareholders. It’s one reason I can’t be too hard on Tom not buying shares. I still don’t think you grasped the seed loan either, Iof get all their investment back before Lance gets a cent. I think actually Iof gets up to $2.7m before Lance gets a cent. So I hardly think Lance has shafted shareholders in that deal, in fact he has potentially lined Iof pocket at the expense of his own... the venture might be profitable and Lance still bot get his money back whilst Iof sees a good profit. Lance of course benefits from all the upside beyond the Iof cap, but he carries significantly more risk
activmojo: I think they went into this thinking the risk element was in the growing not the selling, in fact not having a buyer from the outset was a oversight Next time we are told about a strategic partner or partnership remember this interview..... the deal.... Organic Vines has recently been incorporated with the intention of leasing and operating a state-of-the-art climate and light controlled greenhouse facility near Denver, Colorado, in order to produce high quality, feminised, organic certified hemp seeds. The site includes four greenhouses totalling approximately 240,000 square feet, capable of producing over 50 million certified organic hemp seeds per grow cycle which lasts approximately four months from planting to harvest. Organic Vines is partnering with an experienced seed producer in the U.S., who will be providing seedlings, advising and overseeing the growth of the crop and will be responsible for the hemp seed distribution. Organic Vines is raising US$1.9m to finance one grow cycle at this site, with the harvest and seed sales expected to conclude before mid-2020. Iofina subsidiary, IofinaEX, has made a US$900,000 investment (the "Investment") into Organic Vines via a non-voting equity preference share ("Preference Share") which have a first call on returns made from this grow cycle, for up to a maximum of three times the initial investment. Once this return has been achieved, the Preference Share class will dissolve and Iofina will cease to have an investment in Organic Vines. The Investment is in-line with the Company's strategy to develop and integrate IofinaEX, which is focused on processing and developing products derived from hemp, such as CBD. Assuming a successful crop, the Company anticipates a profit on investment by mid-year 2020 totalling up to US$1.8 million. Based on current seed pricing the Board believes that maximum return is achievable. The Investment represents a one-off opportunity. However, if it is successful, the Company will look to undertake further ventures with Organic Vines that will provide future benefit to Iofina that would include a reliable source of quality hemp seeds for operations undertaken by IofinaEX. The Investment constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies (the "Related Party Transaction") as Lance Baller, chairman of Iofina plc, holds 100% of the voting rights in Organic Vines. The independent directors of the Company consider, having consulted with finnCap Ltd in its capacity as the Company's nominated adviser, that the terms of the Related Party Transaction are fair and reasonable insofar as the Company's shareholders are concerned. Commenting, President and CEO Dr. Tom Becker, stated: "As we continue to develop our hemp/CBD business, we are executing strategies to advance our plans for IofinaEX. We anticipate this strategic investment to be the first of many steps for IofinaEX to thrive in this rapidly growing hemp market, and we look forward to updating the market on further progress in due course."
hernando2: Organic vines was created to grow the seeds, it was due to raise 1.9 million dollars to do this. , why no update on, - Total amount of capital raised - Total amount of capital deployed - Current cash position - No of seeds , grown , no of seeds sold and how many remain to be sold . Accounting for wastage rate as the seeds will now be getting old unless frozen. It is now 15 months since the Organic Vines was incorporated and IofinaX invested, where are the first year accounts and will Iofinax report on them. A unusual financial instrument was created for the investment, IE a non voting, dissolving preference share. I can find no other examples of such an instrument but then again i am a small PI not used to these types of instruments. Below is an extract from the original RNS. We are now at least 6 months behind schedule.. All good for Lance IMO Organic Vines is raising US$1.9m to finance one grow cycle at this site, with the harvest and seed sales expected to conclude before mid-2020. Iofina subsidiary, IofinaEX, has made a US$900,000 investment (the "Investment") into Organic Vines via a non-voting equity preference share ("Preference Share") which have a first call on returns made from this grow cycle, for up to a maximum of three times the initial investment. Once this return has been achieved, the Preference Share class will dissolve and Iofina will cease to have an investment in Organic Vines.
Iofina share price data is direct from the London Stock Exchange
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