Iofina Share Discussion Threads

[plasybryn] 02/8/2013 17:48

2014 EPS of 10p & 22p in 2015 suggested.
Well I guess my words of caution have been validated.
The current share price reflects where it might be in 12/24 months.
Not much of return unless First Columbus have completely misread it.
And they have still got to prove that they can deliver on the plan.
Sorry, just my reading which I know many will disagree with.

[naphar] 02/8/2013 16:35

Dorset, I agree it is not cash in until it is received, but it will be in he P&L from the point of invoice, and that's what impacts the profit and eps. And that's what engelo was asking about I believe.

[meadow2] 02/8/2013 16:34

I'd be interested to know how some of you know 'It's all looking V Good on the CEO front'. Is someone in the head-hunting business?

[testuser123] 02/8/2013 16:34

Please not on monday :)

[dorset64] 02/8/2013 16:31

napahr, we are both correct in essence as if the full monies have not been settled into the account, there could be a dispute/quality probs or other that affects payment. Would agree that normally thus would be proportioned in next accounts but any company does not count their money until it has been received, but yes you are correct.

[ansana] 02/8/2013 16:03

Yes Noli a real possibility, IMO this will turn the tide, the Patent and a CEO within the space of a week now that's what I call progress.

[superg1] 02/8/2013 16:02

I think some may be translating production into affecting chem div revenue, it doesn't.

Margins will just lower on paper as they use their own production. The chem div as far as I know is seeing continued growth.

[superg1] 02/8/2013 15:55

Naph

My point is the chem div works off derivatives and customer orders. That won't have changed and hasn't been reported on numbers yet. However re available iodine to meet orders, this is what has come back


' Chemical production is not affected by Resources' raw iodine production. We placed a large strategic order (pricing purposes) for raw iodine earlier this year from a third party and currently have a significant iodine surplus to cover any production disruption on the Resource side.'

So my point is the chem side is not disrupted by production rates at this time,
 

[noli] 02/8/2013 15:53

That's what i am hearing Ansana, if i was a betting man i might even say we might hear who next week, aimho

[ansana] 02/8/2013 15:44

It's all looking V Good on the CEO front.

[warmsun] 02/8/2013 15:36

That is simple accountancy rules. Invoiced and it's in sales...if it isn't paid for then it is a debtor to the company, but the sale is indeed in the P&L (whether paid for or not).

[baguette] 02/8/2013 15:34

Plenty has already been said about the delays, the discontinuity that there now appears from io3 to io4. The earlier vision of a continuous stream of activity with men building bases, constructing plants, doing electricals etc is now looking more of a fragmented affair.

Now we have the patent confirmation which is a nice brick in the wall of confidence but the one overriding matter for me is the vacuum which still appears to exist between a "reluctant full-time" Chairman down to the people at the plants. This must be a reason for some of the delays. Not only is there no CEO at present, but as I have said before, no obvious person in charge of engineering/construction not to mention other business functions. People do not run themselves they need management and direction on a daily basis however competent and self motivated they may be.

If the BOD were looking to build market confidence (maybe they are relaxed about that for the moment)surely some sort of structure must be communicated soon. Maybe they are close to a new CEO but maybe not, nobody seems to know but my gut feeling is that there is nobody at all below CF enacting and adhering to the plans of a couple of months ago and that is really why slippage keeps occurring, despite a growing list of "reasons" looking like excuses.

We are now in the most critical phase of transformation from theory to reality and this vacuum cannot go on much longer, this is becoming a very serious business with a level of plant development etc which would normally require quite a team. The BOD must sort something out and if they cannot find a CEO soon then some sort of management structure should be communicated.

[durden81] 02/8/2013 15:32

Naphar is correct re the items showing on the P+L after they are invoiced. Cash received is when it comes into cashflow.

[naphar] 02/8/2013 15:22

"engelo, only items that have been paid & settled will show in the p/l account, forward orders/contracts etc will only show if mentioned in a 'forward looking statement' by the management. "

Sorry Dorset, I am not sure that's right. Normally if it is invoiced, it is in the P&L. Does not have to be paid, but has to have been Shipped to be invoiced.

[diggulden] 02/8/2013 15:14

145 looks great support, L2 strong going into the close.

[dorset64] 02/8/2013 15:06

engelo, only items that have been paid & settled will show in the p/l account, forward orders/contracts etc will only show if mentioned in a 'forward looking statement' by the management.

And judging by the way the last few RNS' have been constructed, I doubt somehow they'll even think about a forward looking statement.

Added more today into my sb account.

[noli] 02/8/2013 15:05

Just a thought on the MaxSorb units, could these be the 50k units that was spoken about.

[n3tleylucas] 02/8/2013 15:02

ROFL!!! uppompeii!!!

[noli] 02/8/2013 15:00

Naphar it was before the june 30, april i recall for $3 mill order.

[uppompeii] 02/8/2013 14:59

I'm sure you'll be unfiltered now N3 !

[naphar] 02/8/2013 14:54

eng, In read that somewhere too, but the old record could have been $2.1m and the new record could be $2.2m, so while it is good news, it's hard to quantify.

When we ship the goods from the warehouse, we should recognise the revenue. so as long as we shipped the order before June 30th, it will be in H1 accounts.

When the cash comes in is irrelevant from a P&L perspective, that will only impact the cash flow statement, and will probably be 30-60 days behind the invoice (shipment) date.

[engelo] 02/8/2013 14:43

Naphar: read somewhere that IOf Chem signed their biggest ever contract in April or May. If this stands up, how will it show in the interims? Does it depend on delivery/receipt of cash by end June to contribute to the P&L? Or does it show separately under forward sales? Presumably different cos have different policies on how to book such transactions.

[gadolinium] 02/8/2013 14:43

Super,
Apart from the SWD business model, another important aspect of the patent is the use of a pre-conditioning unit (claim 28, fig. 6) incorporating a hydro-cyclone to remove residual organics (oil) from the incoming brine stream. This may be what makes Iofina able to handle dirty OK brines.
I don't think the patent describes the actual Iosorb process as such, since it still seems to rely on activated carbon filters to remove iodine from the oxidised brine (claim 1).

[joeywald] 02/8/2013 14:34

Noli, thank you for sharing. Very positive.

SG & Co, thank you for the informative comments!