Iofina Share Discussion Threads

[superg1] 29/7/2013 20:51

You can tell the wifi is better now, I'm doing some digging.

Found this-:



Interesting that they are looking for M&A.

Lundin group, lukas is the chair. Had comms with these guys before as you know, but didn't realise they were connected to the Lundin group.

[superg1] 29/7/2013 19:00

Scrut

I agree with PR, the main point being they over-state any minor negative, as in the AGM rns, but the hide significant information to keep certain information restricted than extent that competitors are unaware of the potential.

That restriction is not fear of someone elsuttong plants in OK but into dowithcertain aspects of securing contracts. However it is IMO being a little over-cautious. If you understand the aspects and how very difficult it would be to disrupt that, then the caution isn't justified, when balanced against the lack of information, which shows how lucrative the situation is.

£2.40 is a price that can easily be surpassed once delivery starts, with an increasing number of plants.

So strictly speaking it's not a moan about PR, but about the balance of information. There must surely be a point where a company is obliged to spell out the details.
I was surprised to see a director purchase recently. They know the Ppm in the area and haven't officially stated it. Although long back they did say, plants of 450mt plus and some higher.
It's a case of whether one believes that or not. EG rumour is that io3 at full speed could be a 600 to 700 mt unit. I think it's worthy of mention considering what buy notes say.
So when IOF have a target to exit 2013 at a daily rate higher than the biggest producer in the US, io2 and 3 up to speed would cover nearly all of that (iochem 1200mt)

The price jumping around is purely down to the transition period that every decent fast growing company goes through.

Investments can be in various forms, but I din't consider shorting or lies to support the position, as any sort of investment. Shorting is just part of the market. Lies posted on any share BB, to achieve personal gain, are just crooks in action, simple. That of course can be positive or negative.

[uppompeii] 29/7/2013 18:47

Scrutable, I wasn't denigrating your position but you have declared your holding here on this board and the BOD apparently read it. From their perspective why should they entertain demands from a spreadbetter who doesn't legally own a share in the company? That was my point and I used you as an example because you posted an opening paragraph of an email expressing displeasure while previously stating that you didnt own any shares. And you invited comments.
It is not a moral high ground, that is irrelevant in the market, its any obligation to you from the company not existing unless you own shares.

As to your question, the longest I have had an open SB position is 3 years, it is still open. I also hold shares, and in my SIPP sometimes for as little as ten minutes. I use all vehicles for short, medium or long term.

I moved to cfd's and sb's when they were widely reliable on the internet, in the 80's I traded by looking at Ceefax, the 90's I traded by telephone and then clunkily online. I have no prejudice to any vehicle but if I were a director I wouldn't feel obliged to entertain emails from me if I wasn't a shareholder.

[everybodywangchungtonight] 29/7/2013 18:42

More cheese with your whine?

[scrutable] 29/7/2013 18:25

uppompei
you chose to denigrate those who hold their investment in this company through SBs and I sense your claim thereby to a higher moral position.

What then is superior to a SB in taking out a bank loan to buy x4 times as many shares as you could afford for cash? You would be equally geared.

You currently have voting rights to shares in such a small number as to be ineffectual when voting them at an AGM. Holding certificated shares purchased with such a bank loan , they would be x4 times as numerous, but still,in practical terms, be puny and useless.

My SB company buys an equal number of shares to lay off the risk, and thus has an equal effect on the market as if I borrowed the money to buy them, as I have often done in the past. I suspect you think in an old fashioned way that SB holders are day traders and ephemeral and are no supporters of the company - but what of your friends who may have bought certificated shares on T-20 basis?

These hypothetical friends are possibly less supporters of the company than I am
and so probably are you. Have you held shares in IOF , as I have through SB for four years?

Please reconsider your prejudice. How long term you hold, whether 10 days or 20, or 4 years, in my case, has ABSOLUTELY NOTHING to do with the vehicle you use.

If anything one can argue that a holder of SBs is four times as much concerned by the company's performance as the more timorous investor clutching his certificate to his chest with moral rectitude.

And as a 30 year long professional at the top of capital goods marketing I have every justification to claim that IOF has been doing a poor job of IR by playing down in the public domain the true facts of its progress and in so doing incidentally or on purpose deceiving the main body of the market. There is much to insert into this debate and the issues `are not cut and dried, but SBs are just a modern way of circumventing the stuffy old procedure of issuing and cancelling individual certificates and owning a more liquid and quickly monetisable investment.

[pcjoe] 29/7/2013 16:16

Sound guys - Thanks for that

[engelo] 29/7/2013 15:33

malachey that's corrcct :-) In fact it's HL who are making a little bit of commission my menuising 2 real buy and sell transactions.

With matrixtrader's method all that's being done by the MM is rubber stamping a change of account designation on the holding: not a real trade.

[freshvoice] 29/7/2013 15:10

Some large delayed trades going through.
Has someone got a sniff of a RNS, or. Just a hopeful investor?
Tomorrow will tell.

[malachey] 29/7/2013 15:03

PCJoe: If I'm reading Matrixtrader's previous post correctly then the spread at the time does not matter as it isn't a conventional trade:

'...Sg you do not have to sell outside your isa, wait for it to settle and then buy back in. You do a simple bed and isa whereby you call your broker and they will sell yr existing stock to the market maker within the spread and buy it back within the spread at the same time. The market maker usually does this for a quarter penny turn. This way the client is never out of the market...'

[writz] 29/7/2013 14:24

Since Selftrade have been unable to open new accounts since January, and I want to open a second account for my wife, does anyone have a recommendation for a cheap and reliable execution-only online/phone brokerage? TIA.

[bogg1e] 29/7/2013 14:12

Northern, pdfs sent.

[northern1] 29/7/2013 13:53

Bogg1e 29 Jul'13 - 13:34 - 5823 of 5824

Thanks

[pcjoe] 29/7/2013 13:38

Its the size of the spread that might be a concern on the day Engelo - Not too sure how the whole thing works, but always someone in the city out to make a bit extra out of unusual situations arising - I would probably do it myself in their shoes.....

[bogg1e] 29/7/2013 13:34

Northern, i only know of two; First Columbus May 2013 and Morningstar Jan 2013. I can send you the pdfs if you have trouble finding them online.

[northern1] 29/7/2013 13:30

Does anyone have a list of broker targets for IOF? Or alternatively, can someone direct me to where I can find a list of such targets?

[engelo] 29/7/2013 12:46

pcjoe: did you see Matrixtrader's recent post (5777)? Transfers within the spread for a nominal charge to the MM, no worries about the spread itself and you never lose control of the holding. Have done this myself with HL in the past.

Works for same person different accounts but don't know if it works transferring across to family members.

[pcjoe] 29/7/2013 12:02

As previously requested & for those invested through HL - Just checked & very easy to bed & ISA - see blue bed icon on share account & follow instructions - It must be done on or from 5th August ( no earlier ) - Hopefully the transaction will go through on the day but site does warn that it could take longer if busy

For those wishing to take advantage of allowances for family or others - An ordinary HL share account should be opened for them first & your shares "gifted" across to them ( I think this can be done online ) - From there these shares can be deposited into their individual ISA account - Again this new ISA account will have to be opened

To take my example - My wife, daughter & myself will end up with three separate share accounts & three separate ISA accounts - All linked online to my own account for admin & buying/selling purposes

No HL fees chargeable on selling shares in "Bedding" process but standard fees charged for re-buying - No guarantee on spread levels at time of transaction - Hopefully no shenanigans there by MMs etc - especially on busy day on the 5th - The whole process will cost a few shares from your holdings

Hopefully no RNS on Monday 5th or before & no major share price movement up either!
- The 6th will do for both......

I am pretty sure all the above is correct but as usual DYOR

EDIT

The above buying & selling into ISA process may attract CG tax - You should try & spread liabilty for same by splitting shares between your own & your Spouses share account (online Gift process) - The tax man allows this CGT liability splitting for married couples - Do this before doing anything else re the above - My daughters new share account will be funded by equal sized gifts from the equal sized spouse/husband accounts - Again to maximise CGT allowances

[northern1] 29/7/2013 11:25

Confirmation of IO3 build over the coming weeks will have a positive effect on the share price and I believe it will be the catalyst we need to move strongly upwards once again. Patience my friends, is all that is needed.

[urbanyeti] 29/7/2013 10:28

Yep, IO3 build started a minimum of 40 days ago and is a 60 day build so should be ready to roll this time next month.

[engelo] 29/7/2013 10:23

skylite (5806)

'We are an embryonic growth company with the chance to become world leaders in a relatively short time frame, there aren't that many stocks you can pin that on.'

Only danger is a takeover, and there aren't many stocks you can pin that on either :-)

Whatever RNSed short term, about a month before the real action starts imo.

[bogg1e] 29/7/2013 10:17

Relatively quiet by the looks of things. Just waiting for news now innit, unless one is a TA trader, we are just above the 200 moving average. I cant get into my SB provider to check the current RSI (not that i spread bet anymore!) Does anyone know the RSI?

[n3tleylucas] 29/7/2013 10:08

Is the private bulletin board as quiet as this?

[niardniarb] 29/7/2013 08:18

I seen that, but lose money on his might go up might go down,blah blah, not selling this time.

[plasybryn] 29/7/2013 08:13

Good IOFINA chart on FINGERS Thread (FXD)