Iofina Share Discussion Threads

[the librarian] 06/11/2013 20:06

'the underlying business model is the best I have ever seen' I agree timbo and after 35 years your opinion carries some weight.

[monty panesar] 06/11/2013 19:50

I was told a lot of market makers like a flat book(ie.not long or short) at the end of the day so balance their books in the last 20 mins.

I seem a bit too relaxed about the short term movements we are seeing.I think it is because I keep thinking of those contractors building those various sites at the moment!

[superg1] 06/11/2013 19:30

Bag

I think VMH explained why that happens some time back. Something about set orders spread across the day picking up average prices. I'm just guessing but if the pot has some left at the end of the day it gets triggered.

[timbo237] 06/11/2013 19:30

Been investing for over 35 years and nothing in the market now surprises me. The recent pull back in the share price is just as illogical as the price running away up to £2.50 back in May. When you think of the progress we have made since then and what is confirmed in the pipeline then where is the logic in valuing the company at one third less today. There are bound to be hiccups as we go forward but the underlying business model is the best I have ever seen.

Contract leases tied up
Lowest cost producer
Market for iodine to expand
Competition on the ropes
Valuable none core businesses
Patent secured

This is the time to quietly accummulate more, be patient and the rewards will follow in good time. It is easy to forget the share price has already trebled in the last 12 months

[bobsworth] 06/11/2013 19:18

Agree rogerbridge with your comments.

Iam here for the longterm and using these mm manipulated downturns + big supply line as a buying opportunity. Got a sum of cash this due to me end of week for a PPI claim win so hoping to top up again for the xth time knowing Iofina are doing the business.

Roll on September 2014 when Iofina will officially show the world how profitable they are in their 2014 interims.

[rogerbridge] 06/11/2013 19:06

I am dissapointed with the share price, not for myself, but for those that have invested at higher levels, though I must admit to having a couple of top up's at a higher price than where we are now.
Once again, we see the price drop at the end of the day hmmm.

For long term holders, it does not matter greatly, but I suspect like most, I do not like to see my paper profit reducing, however that is the name of the game and I am not complaining. I will be pleased when the board give the market more information as to IO3 plus IO1 & IO2.

Markets trade on lies,fear, greed and speculation. The shorts will close when IOF announce figures that please the market. I do not think it should be too far away now. Looks like another top up opportunity.

[the librarian] 06/11/2013 18:45

I expect that it will be put down to a fibonacci retrace BAG, but will leave it to the experts. Buys appear to have more or less matched sells and it is moving into oversold territory which is usually seen as a buying opportunity.

[escapetohome] 06/11/2013 18:10

It has been said gap to the downside at 150p - so maybe a little more falling to do - just a possibility

[baguette] 06/11/2013 18:06

Please can someone with a technical knowledge of markets tell me why almost every ruddy day without fail the share price drops quite sharply towards close.

Does this imply a big seller offloading over a long period. If so its strange no RNS re: holdings. Could someone like LB be backing out through a nominee holding of some sort. I have never known such an irritating situation with other previous and current holdings.

Please no platitudes like extended lists of opportunities for IOF and "its all about to ping" comments. I am hanging in at full investment, whilst watching us subside through the 180's 170's and 160's and like so many others getting really hacked off by this daily feature. Only technical knowledge required please. Thanks if anyone can enlighten me.

[qprjohn121] 06/11/2013 17:29

p.s. Didnt realise it was quite so open-ended! Maybe Ennismore would want to close before the end of their financial year if they have some other winners to cover it? Otherwise, I guess they would want to defer the problem until next year and hope something comes up elsewhere in their favour.

[superg1] 06/11/2013 17:02

qpr

When they fancy closing it. They waited until ocado was over 100% the wrong way for them before they closed that one.

Maybe they will wait until late next year.


For shares they are short on and have closed some recently-:+

On Apr they shorted it at about .51% 708p in Nov 12, upped it by .19% in August around 1000p

They started to close some last week around 1150p

So around a 440 point loss v their first position. I assume they will continue to close that one and take it on the chin.

Lansdowne closed some too on the same day last week so it won't be easy for them.


Premier Food.

Short 4 times at 93.5, 92, 89 and 78.

They started to close them in August .5% in 3 moves so far, 120, 154, and 166.

The price currently sits around 144.

The idea of a short, as you know is to close at a lower price than the price you took the position.

Ennis seem to like to hang on until it really hurts.

[testuser123] 06/11/2013 16:44

qprjohn121 - in theory they can keep the short open indefinately (they have to pay a sum to the people who they borrowed the shares off but that can be rolled over). In practical terms though they obviously want to make a profit, and they can only do that if the scare enough shares onto the market to cover at current prices.

The problem for them is liquidity. Taking today as an example they would have to would have to buy the entire volume every day for a week to get their shares back. If they tried that now they'd be lucky to break even (from memory their VWAP is around the £2 mark). If they wait until after christmas, and we get a decent production update in the mean time, then there will be even less liquidity, and they'll already be running at a loss before they even start trying to buy.

[bobbyshilling] 06/11/2013 16:40

It's worth taking a look at Blinkx results out yesterday, because the revenue and profits to my mind will not be too dissimilar to those of IOF producing around 3000mt for a year. I am aware of course there are other considerations, and it is difficult to compare companies in different sectors, But, the good news is that Blinkx market cap is over treble Iofina's so we can expect a trebling of share price at least on 3000mt per annum, with water income as well. Only rough calcs, of course, but 3000mt is very achievable in the not too distant future.

[freshvoice] 06/11/2013 16:40

Funny we get a drop and village idiot Nutters appears again, please don't encourage, Bobsworth shows the correct course.

[bobsworth] 06/11/2013 16:37

N3tleyLucas 6 Nov'13 - 15:59 - 10662 of 10670 0 0 (Filtered)

N3tleyLucas 6 Nov'13 - 16:01 - 10663 of 10670 0 0 (Filtered)

N3tleyLucas 6 Nov'13 - 16:03 - 10664 of 10670 0 0 (Filtered)

[worraps] 06/11/2013 16:28

superg....much the same as I said earlier.....I'm hoping it's a good sign!

[shonny] 06/11/2013 16:26

Looking good for £1.50 next week. £1 by Xmas I reckon.

[worraps] 06/11/2013 16:25

To think I first invested here for an easy ride and to get away from volatility! I shall be glad when it's wine time.

[eeza] 06/11/2013 16:25

Sparrow

You really ought to have more sense - at your age. 165.40.

[qprjohn121] 06/11/2013 16:24

Do we know the timescales by which Ennismore will have to complete their purchase of 1.5m shares in IOF?

[superg1] 06/11/2013 16:19

A screen full of filtered, which I presume is the same rubbish posted pre results, about the bloodbath and horrendous results on the way.

Didn't they top up their shorts at 140.

Use filter

[n3tleylucas] 06/11/2013 16:03

bit bissed atm so don't go down any millwall road!!!