Iofina Share Discussion Threads

[testuser123] 30/8/2013 12:21

Ansana - I believe the term is "vertically challenged" :) :)

[ansana] 30/8/2013 12:04

Rikvilla thanks for all the respect you paid me. Worraps what I find out I post for the benefit of all and that includes the short people! What i know results from digging and asking questions and like others have said google is a great resource. When I write 'You'll see' it is my opinion based on what my notes tell me. Those notes made up of snippets going back a long time that create a big positive picture. They enable me to form an opinion and share that opinions here. If I have given you the opinion I am the font of all knowledge oops. Today I am spending time looking at IO2. If I find out anything I will post it. If I don't I will go back to my default position of waiting and believing that IOF are going in the right direction. It's like TA you can't wave a magic wand and say its all going to happen at 10.03 but as Titus said the footballer is in position. The one thing I am certain of Worraps is that we are in it together.

[phoenixs] 30/8/2013 11:37

recently invested in this. Even taking a conservative view this looks cheap, so do not agree with the shorters' views. The share price did get ahead of itself at £2.40 but not now.

[captain_kurt] 30/8/2013 11:15

50k LSE offer just got taken out :@)

[che7win] 30/8/2013 11:14

Institutions are a different animal from PI's.

They have rules governing how they invest, they take less risks and sometimes have to sell to align their weightings.

They also invest with other peoples money, so they won't mind selling something with good prospects if it gets it out of their holdings before the next quarter starts.

Strange beasts ;-)

[captain_kurt] 30/8/2013 11:05

Scrut sounds like you have alot of eggs now in the GDL basket.

Not for me thanks inpart due to Super's comments, but good luck

[titus10] 30/8/2013 10:58

ShareScope lists Director and major holdings (institutions), showing recent dealings data as well as holdings size & percentage.

Regret I'm too preoccupied at present with computer failures, trading etc. to learn how to implant the table here as an image, but I believe there are others on this thread with ShareScope who could.

If it helps meanwhile, the following are the top 12 holding sizes listed (in millions), in holder alphabetical order:

S.M.Eaton 1.35
Dr C.E.Fay 1.25
Stena 13.8
British Telecom 5.87
P.S.Chase-Gardener 350k
Hargreaves Hale 6.15
J.P.Ploen 9.44
John Nuttall 4.25
L.J.Baller 9.00
Old Mutual 6.28
Paul Ethan Mendall 8.00
Ultimate Investment Corp 9.00

Edit: the top four are shown as having made purchases since 13/10/08, with the amounts etc. listed.

Where is Piedro when you need him?

[the librarian] 30/8/2013 10:54

The only way of identifying who and what would be to look at the share register worraps.

With insti's looking at the future potential returns of investing in a company there appear to be quite a number that like the current share price, they will be hopeful of buying in lower of course but they take similar risks to PI's, sit and wait or invest now is always the question?

With a more than 50% investment by various companies/individuals it is becoming interesting.

[che7win] 30/8/2013 10:53

Does it really matter who owns shares here, PI's are more fleet of foot but also I suspect will be quick to push this up on any sustained buying.

I would say there are a lot of PI's more long term than some institutions here.

Some pressure is building, but I think the market will remain cautious until the results are published.

[superg1] 30/8/2013 10:49

Scrut You know my thoughts re that one and it isn't good.

China is a nightmare country to be involved with.

[scrutable] 30/8/2013 10:29

GDL update - analysis of orders

The 265 wells quoted above as being already 'contracted' to the 4 new clients subject to test results from the 8 completed and 4 in progress with 9 more to go are deduced from the RNS as follows:

CNPC-Huabei - Changzi 110 'targeted' but called a 'contract' in RNS of June 20th re Anze project of CNPC-H. I hope that Anze and Changzhi refer to the same work. includes 2 test wells drilled and 2 soon in progress

CNPC-Huabei - Jincheng 2 test wells drilled - 1 in progress + 2 more to go

SINOPEC-Huadong - contract for 50 wells including 3 test wells drilled and 1 in progress

SINOPEC- Huabei (PetroKing) - contract for 100 wells subject to/including 20 test wells including 1 test well completed and 2 in progress +5 to go

GDG - 56 wells drilled in H2 2012. Recent RNS announced reduction to 26 total for GDL in H1 but inferred substantial increase in H2. Till now these have been drilled by GDL. Therefore some 30 - 50 to be added but are not included above.

The total planned and 'contracted subject to approval after testing total 290-310 but are probably spread over a year from the time of first spudding and probably reach to end June 2014. Nevertheless this supports my presumption of a near tripling of revenues by mid 2014.

Comments and corrections solicited.

[scrutable] 30/8/2013 10:28

GDL Update on yesterdays RNS

A picture is disclosed of GDL in H1 as of a gigantic machine on a single track ie a single client (GDG), decelerating, changing gear slowly but surely, and rearranging itself from a near standstill, to straddle now 5 tracks and to begin again in a vastly enlarged, ever more unsatisfied market.

It is clearly now re-accelerating. Of 21 test wells of six basically different types: vertical, directional, horizontal, LFaBrIC, vertical shale, and horizontal shale, distributed over the 5 'tracks' (ie 5 huge clients), 8 have been completed - with 4 in progress and there are a further 12 to go. These are being assessed by clients who need thousands more to be drilled and have conditionally contracted at least 265 new wells with GDL for 'within a year'. The report speaks confidently of "success on ,or better than budget", and of "client penetration and drilling success in multiple geological formations"...demonstrating the "vast market available" to GDL.

Knowing of recruitment and training having begun in India already, the confirmation that 'operations' are to begin this year in India can only mean that drilling itself will actually start there by the end of 2013.

All this is extremely bullish despite the reduction to 27-30 wells drilled in H1 and the inevitable, poor H1 results to come. Subject to a black swan event (an unknown unknown which cannot be factored in) Revenue will surge next year to nearly treble, (and possibly more) than from the 90 wells drilled in 2012.

Despite the feeling of vertigo, patience will clearly be well rewarded. Parent co GDG is doing well. Its shares are up 43% in the last six weeks and are still climbing. GDL will derive an additional component of growth from that - some 50 wells in the next six months

[worraps] 30/8/2013 10:03

I like the holdings update.....good news, thanks Lib. So, an insti has mopped up a million or so. And no reductions by anyone. That's reassuring, good solid facts. Do we assume it's a new holder, who hasn't gone above 3%, and so no RNS disclosure?

[the fat controller] 30/8/2013 10:00

Ah, superg1, you beat me to it.
Well done!
TFC

[the fat controller] 30/8/2013 09:59

superg1,
Yes, thanks for that. I actually thought they had 7 million each.

But that was not quite the point I was making. Lib's figures regarding Insti holders do not show the whole picture. I was hoping someone(battery?!) would be able to go a step further, and add to the picture by saying LB and CF have a further 18m, JP has 5m etc So that 70 mill held by Instis, is actually 90 mill held by Instis and directors, leaving only 37m, or less than 30%, in free float.

And that's before we talk about our own.

thanks.

[superg1] 30/8/2013 09:56

CF 1.25 mill

LB 9 mill

Jeff 7.34% so around 9.34m

May as well mention Stuart Eaton too on 1.35 mill.


I see the post in that saying the above got voted down, this one will too. Just for stating the holdings when someone mentioned it.

It just shows how irritated the bears are. Wait until they see the results and what has been going on. Like falling in a bunch of nettles, naked, for them. lol most uncomfortable

[pnetol] 30/8/2013 09:26

Mike,

Liked your post and I agree with you that at these prices we are now looking very good value again.

I started nibbling away again last week at 139.25 and bought a few last Thursday and Friday at the same price, a few more yesterday and I have a bid in for a few more today if we drift a little lower today, but I am happy if I dont get those at my 139.25 :)

I also enjoyed reading Titus's thoughts on TA, whilst that is not how I personally trade re TA I agree with what Titus said and feel that the LSE supplies that we have seen over the last few weeks are drying up, once we start moving back up then I beleive with all the impending news over the next few months that we will see a sharp upward movement.

Supremo recently said that he thought each new plant could be worth 80p on the share price. I am trying to be even more conservative and only factor in IO3 and 4 by year end and only at 20,000 BPD which I feel will be worth 50p per plant on the shares,that would then put us within spitting distance of the all time high so if we have any other positive surprise then we could still see a new high before year end.

GL to all holders.

[superg1] 30/8/2013 09:17

TFC

L has 9 mill and Jeff has just over that, so just over 18m between them.

CF has over 1 mill I believe.

[the librarian] 30/8/2013 09:14

I don't know TFC, Battery is the expert in that field. Anyone think more to go from PI's to insti's etc; as the company progresses?

[nellyb] 30/8/2013 09:09

so a million shares have transferred from pi to institutes in 30 days. I hope we have now seen the bottom.

[the fat controller] 30/8/2013 09:04

Li,
Remind me, these Institutional shareholders don't include Chris Fay and Lance's 14 million, do they?
Do we have a current summary, including directors shareholdings?
Tia TFC

[captain_kurt] 30/8/2013 08:13

Morning all...alot to look forward to in the coming 4 weeks
CEO news,
Interim Results,
Water permit progress,
IO2 new brine update
IO3 construction update
Possible surprises

[malachey] 30/8/2013 08:12

yeah a bit of volume to kick things off today - and it's even in the right direction!!

[nashwan123] 30/8/2013 08:08

Down 4p and then up 5p in first 5 mins of trading. Nice reversal and good prospects for a blue day. The story at £2.40 is even brighter at £1.40.