Iofina Share Discussion Threads

[che7win] 19/10/2013 15:01

Monty,
I believe they will be disappointed if that's the case, we may get new next week on io3 commissioned and producing.

[n3tleylucas] 19/10/2013 14:59

Could be hedging...

[monty panesar] 19/10/2013 14:50

Ennismore's average shorting price is somewhere around the 175-85p level. I imagine they are banking on IOF having similar issues on IO3-6 as they had on IO1/2.ie. that they will take 6 months to get up to full capacity. Hopefully they will be badly wrong!

[peterz] 19/10/2013 11:57

"Agree not increased since start of September"

Jolly good, perhaps they have seen the light.....

Illuminated by IOF Board presentation!!

[garfield31] 19/10/2013 11:03

Agree not increased since start of September but appears had been increasing since June. With Globo which is another one I hold the increases in shorts by Ennismore have been occurring almost daily this month.

[urbanyeti] 19/10/2013 10:31

Now that the political stalemate in the US has passed without giving Ennismore an opportunity to get out it becomes a whole lot riskier for them. With I03 producing & determination to grant news on the water due any time soon, their breakeven point could soon be passed.

[jonnyno1] 19/10/2013 10:12

Don't think so garfield. Ennis will be looking at ways of closing there short.

[peterz] 19/10/2013 09:40

ijpax - thanks.

[ijpax] 19/10/2013 09:35

shorttracker.co.uk/company/GB00B2QL5C79/all

shows Ennismore last increased their short on 2nd Sept 2013. Nothing new shown there.

[peterz] 19/10/2013 09:15

Garfield -how do I see this please. Is there a link to site?

[garfield31] 19/10/2013 09:06

Ennismore have increased their shorts as it has with some other shares

[che7win] 19/10/2013 08:58

I think the market is underestimating the transformation we will see in IOF over the coming year.

I expect that the new CEO George Lantz and Executive Director/Finance Director Gary Gatchell will bring a much more rigorous approach to our expansion. They seem keen to do this from recent communications.

I have stressed an under promise and over deliver approach which will instil more confidence in the market.

Reading between the lines, IO#3 should start producing iodine in earnest this week.

The other plants 4,5 and 6 have all the necessary procurement, so it's just the build completion that remains before commissioning.

I expect that the water revenue is not yet price in, but it's worth 80p+ to the share price when it comes.

So 100p valuation on the iodine operations looks good value here.

Year highs are definitely a possibility over the next few months, this time they will be sustained IMHO.

[che7win] 19/10/2013 08:45

Thanks of the suggestions guys,
I have to say I'm not a mining fan, I generally stay away from that area.

[n3tleylucas] 19/10/2013 00:05

CEY hey SCRUT? You gotta tell folk of the politics AND the risk of tanking gold prices if this worldwide economic recovery gathers momentum bud...

But as a very very high-risk 'political recovery' play? There are worse I suppose mate, gl.

...don't like gold as I'm a cyclical equity bull.

[croc8] 18/10/2013 19:29

Hi guysProbably better to take these discussions to the tip thread.Regards

[norry2] 18/10/2013 17:23

CEY (I am a holder) is in my opinion a high risk - high reward share. Excellent fundamentals, but in a risky political environment which could remove most of the value. Its fine if you understand the risk you are taking.

[festario] 18/10/2013 17:19

CEY is a share fraught with political problems, court cases and even religious caste issues. It is more of a minefield than a goldmine.SCRUTABLE, you are rapidly gaining a reputation for ramping rubbish companies around ADVFN. You have gone very quiet regarding GDL?

[scrutable] 18/10/2013 17:03

che7win

If you want a recovery stock, study Centamin (CEY). A high growth gold share from one of the most efficient producers on a ridiculous PE of 4.5 on account of the political risk - but this is now rapidly evaporating as the Egyptian Army establishes iron control.

Despite the fall in the gold price Revenues are up by 60.% profits less so, but without the recent spat the share could exceed the last high of 200p.

The re-rating is accelerating as security returns.

[everybodywangchungtonight] 18/10/2013 16:26

chegwin

NMG well worth a look!

EWCT

[che7win] 18/10/2013 16:23

superg,
those AIM stocks that haven't risen in this bull market either have a past history that isn't easily forgotten/forgiven by the market or they are simply poor quality.

Others have risen too high IMHO. I take my ex - STVG. It still has over £40m in debt which is being ignored by the current price. It's last results were good, but the current price is unjustified as far as I'm concerned. I would be long out at current prices. The current market cap must be around £115m, yet the enterprise value is around £150m+. That is too rich for a company that didn't have much positve cash flow first half and increasing pension contributions imminent.
It was a recovery stock, it's in a very competitive market and the risks aren't being taken into account. It may keep rising, most stock rise with the tide. Maybe I'm being too hard, or hard to please, but it's PEG makes it look expensive.

Just one example. Another is GBO, I'm amazed it has risen so high, especially when they are capitalising a lot of their costs.

When you see IPO's, there is another indicator that we are well into a bull cycle. I made a turn on Royal Mail, I was happy to get out a lot lower than current prices. The market is completely ignoring the risks e.g. traditional letters declining, a very competitive parcel market, a unionised workforce and a pending court case which they should lose on VAT. I think 450p was a good price - we will see in due time.

I don't know about you, but I'm finding it very hard to find any stocks like STVG or even any stocks I find good value on a risk/reward basis. There are few recovery stock opportunities out there.

The two I like remain IOF and TPL, both have multiple bagger potential over the next few years, I just hope we remain in a bull market.
These of course are growth stocks, I think they look like GARP stocks.

I like to purchase value shares too, a different animal and very rare in this market.

Just my thoughts.

[phoenixs] 18/10/2013 15:51

...I can just remember buying my first flat after the 74 crash. It was a bloodbath.

[engelo] 18/10/2013 15:42

SG: some of us are old enough to remember bull markets pre 2000 crash :-) Friend of mine got out of the 1999 technology boom and bought a London flat: I decided to hang on for a bit longer and still trying to catch up :-)

edit: and that's ignoring the increase in share price of his London flat :-(

[superg1] 18/10/2013 15:34

It may be a bull market but nothing on the scale of pre crash. There are a number of AIM stocks that would be way above their current prices back then.

[rhwillcol] 18/10/2013 13:17

Seller needing to use up more of his ammo at this rate :). Then up to the next level, I would think.

[peterz] 18/10/2013 12:45

Fest - ditto

But it stops here lol.