Iofina Share Discussion Threads

[northern1] 18/6/2013 13:16

Could the fall here yesterday be due to the failed IPO of Bison Energy? Just a thought

[worraps] 18/6/2013 12:21

hxxp://www.investopedia.com/terms/s/sharerepurchase.asp

As in the above link, a share buyback programme is usually to increase the value of the shares by the company, when they are thought to be undervalued.

But I agree, in IOF's case, I would have thought the money would be put to better use in speeding up the rollout.

[jppatterson] 18/6/2013 11:51

Am I right in assuming that an investment in IOF does not qualify for inheritance tax relief? This subject has probably cropped up in the past but I have not come across it.

In response to a question on Miata's helpful tax thread, concerning IHT exemption he said:
"mh555, there isn't an HMRC link (to AIM companies qualifying), hold for over two years. The requirement is that they qualify for business property relief - your broker can advise which qualify. Though basically most do, providing they do the majority of their business in the UK and do NOT deal in securities, stocks and shares, land or buildings or make or hold investments."

JP

[bogg1e] 18/6/2013 11:45

Even better! Indeed i get your point. I find it the same with broker notes or much of the research available through eg tdwaterhouse, a lot of it is not updated as fast as it should be. Thats why i like a good (troll-free) BB, someone is usually on the ball enough to pick up on important info in a timely fashion.

I essentially use Vectorvest for primary sorting of candidates to invest in, then the hard work of veryfying research begins! Ive just spent 5 weeks or so going through loads of QFI info. Doing the same now with IOF.

[superg1] 18/6/2013 11:41

I rest my case. DYOR

While I may get vector for the pointers I'll do my own research, but at least it gives an idea of what a company is about, along with TA signals.

Having looked at the research re IOF, it's way out of date and wrong (60k Atlantis acres and 30k acres triton), so they have come up with 387p on less prospects than the actual.

[orslega] 18/6/2013 11:39

eg yes, like last year - resolution 7 - just gives the authority...


hxxp://www.iofina.com/static/documents/Proxy%202012.pdf

[nearlyman] 18/6/2013 11:37

Are we being hoodwinked by the market makers? There was a string of buys at 215.75 with the spread showing as 214.75/215.75 upto 11.16am, followed by a string of sales at 215.50 with a spread of 215.75/217. These latter sales would have been buys if the spread had not changed. I convinced that is so and it has happened frequently lately. Opinions?

[orslega] 18/6/2013 11:35

superg - the buy back option comes up many times at company AGMs - almost standard resolution - just gives the BOD authority to act if they see fit - like you I cannot see a buyback on the cards for some while yet...cash better spent on the roll out etc

[superg1] 18/6/2013 11:32

I'm not sure why the 'buy back' option has come up for the AGM.

I can't see from cash flow that they would want that option in the next 12 months.

I can see that they could get a decent pile of cash for offloading other non-core segments of the business. (deep oil rights, Niobara Gas, Helium, and water)

Why bring it up unless they see a possibility that they may wish to go after that option. ?

Any views?

[orslega] 18/6/2013 11:28

Zak Mir today..

Even before the latest news regarding its CEO it was evident that the great bull run at Iofina (IOF) was starting to wobble a little. However, there was little reason to doubt the integrity of the technical bull argument given the way time and again in recent months the 50 day moving average now at 217p had come in to save the shares. However, the loss of the 50 day line does mean that there is a risk of further retracement towards the floor of the May chart gap at 190p. Nevertheless, only below this feature on an end of day close basis would finally kill the prospect of a retest of the best levels of 2013 at 240p plus over the next 4-6 weeks. -

See more at: hxxp://www.shareprophets.com/views/724/tuesday-s-triple-play-centamin-nighthawk-energy-iofina#sthash.WosVqCGY.dpuf

[bogg1e] 18/6/2013 11:04

ok thanks retiree. It would be interesting to see iof move to an American stock market one day, even if its just because companies listed on American markets tend to have higher p/e's than ftse listed companies.

[worraps] 18/6/2013 11:01

ramu kumar

Thanks, glad you understand. My investment here means alot to me, for reasons too personal to put here.

[ramu kumar] 18/6/2013 10:47

Worraps, there's no need to keep quiet - investment is for everyone and as you quite correctly pointed out, we are all different. In my early days investing, many many moons ago, I too was sensitive to share price fluctuations and that is normal.

Simple math says the share price is directly proportional to demand and therefore we should welcome all type of investors, not just the hard nosed, hardened ones!

[superg1] 18/6/2013 10:42

Thanks for the Vectorvest mention. I didn't know of it, but was looking for a simple system to ID opportunities.

I add in my own research to filter but ti looks a good starting point.

However within seconds my inner Mutley chuckle started as soon as I checked out their site-:

Dr. Bart DiLiddo

The Website guy obviously felt the 'L' need highlighting, obviously another Mutley fan. probably a genuine way to show it, to make sure people say Di-Liddo

Doh.

[worraps] 18/6/2013 10:42

Thanks, warmsun.

[warmsun] 18/6/2013 10:39

worraps....a great read...and, truly, I can empathise with what you say...and, really, there is no need to apologise to anyone!
Yes, we are all different (we are only human!) and some of the comments made by the poster you refer to, are, in my view (and I am allowed a view) insensitive - not everyone was fortunate enough to buy at sub 50p.
We must remember....we are all (well, most of us on here!) on the 'same side'.

[chumbo] 18/6/2013 10:38

In a similar vein, it is natural that newbies who are both in relatively recently and heavily invested will feel some angst at this recent share price excursion when a load of adds are under water.

I know, I know - it won't matter before long, but we are only human!

[superg1] 18/6/2013 10:36

Boggle
mmmmm

I will follow your future posts closely, I have noted a few that seem to fit rumours.

[microcline] 18/6/2013 10:33

Couldn't resist the temptation to buy more this morning. I didn't bother with TA or specialist stock picker programs to influence my IOF buying decisions. I just read Shonny's blogs and that confirmed to me IOF as a strong buy.

Deal showing up on:-

[worraps] 18/6/2013 10:27

Festario

I don't know if I was one of the people who were irritating to you yesterday. But perhaps it would be worthwhile for you to take into account that we are all different, with different personalities, and different priorities in life. We cannot all be like you, or reach your lofty heights of sentiment, or behaviour.

I am someone who has a dream. That dream has become Iofina. Because my family has suffered many broken dreams, and tragedies, over the years, it has become my dream to leave them some wealth when I go, to somehow help to ease their lives. Many 'older' people have dreams like this, to make their mark, and ease the burdens of life for their children.

This inevitably makes one more sensitive to the ups and downs of that wealth. We aren't all hard nosed, hardened investors. Some of us have other forces that drive our investments, such as described above.

I can only apologise for any irritation that my sensitivity about my wealth has caused you, and would suggest that you put me on filter so that you have to suffer no more when I express my nervousness, as I am intending to stay invested in IOF for as many years as my life allows me.

Apologies also to any other members here, who also have found any nervousness on my part equally as irritating. It exists simply because I believe in the prospects of IOF to such a degree, I dread anything going wrong that will spoil my intentions for my family.

Obviously, I will stay quiet in future if the shareprice goes down.

[bogg1e] 18/6/2013 10:19

When IOF reaches a certain size are there plans to move out of the aim market and into the ftse? (FTSE orders are driven electronically by SETS which cuts out a lot of the shannanigans MMs can get away with in the somewhat regulatory lax environment that is aim)