Iofina Share Discussion Threads

[flying pig] 17/12/2013 08:45

Well I have bought a few more at what I hope is a bargain price for my SIPP.

[n3tleylucas] 17/12/2013 08:42

molatovkid,

Quite simply that a firm who have not been making money will do very well to make £5m in 2013 and £10m in 2014. The astonishing numbers posted on here in the teeth of delay-after-delay are quite frankly wrong, even my more mundane numbers are proving hard to hit.

[barlisoflincoln] 17/12/2013 08:42

think NANO will crash like IOF

[brhukatee] 17/12/2013 08:42

diggulden,

Spin? You idiot!

[iofra] 17/12/2013 08:40

Market Maker PEEL are buying at 98.

[ansana] 17/12/2013 08:38

Richi we "were told told daily highs were 1000kg" ....Something is right Richi because now we are told that although not fully optimised the plants are averaging in excess of 1000kg per day. That is quite a change we have gone from the odd good day to consistent production. That is Progress and we have full optimisation of I03 yet to come.

[captain_kurt] 17/12/2013 08:36

Investec :

Iofina's year-end operational update is largely in line with our expectations. However, shipments of iodine chemicals around the year-end will see revenue and profit slip in 2014. As a result, EBITDA is expected to be broadly unchanged in 2013 (ie. breakeven versus our $3m forecast). This is a timing effect. Our longer-term forecasts are broadly unchanged, as is our NAV-derived 230p target price.

First three plants: Iofina reports that its first three iodine-extraction plants (IO#1-3) are currently producing a total of one metric tonne of iodine per day, despite not being fully optimised. This is broadly in line with our expectations.
Next two plants: It reiterates that it expects IO#4-5 to start up in Q1 2014. Both plants are awaiting the arrival of their extraction towers, due on site by the end of this month. The titanium towers for IO#4 are being shipped from the Ukraine. IO#5 will be the first facility to use US-supplied fibreglass towers.
IO#6 underway. Iofina has started construction of IO#6. This implies Iofina has decided against cannibalising the plant's equipment to expand capacity at IO#2. Annual combined iodine production from IO#1-6 is seen at 700-1,000 tonnes, again broadly as we expected.
Three more plants due in 2014. Iofina's current plans are for 3 further plants in 2014. This is in line with our assumption of nine operational facilities by end 2014E. These could be augmented by a number of smaller, mobile units.
Little change to forecasts. Current iodine pricing ($45-50/kg) is slightly below our modelling assumption ($50/kg in 2014E). However, recent shuttering of capacity in Chile suggests that pricing should recover.

[molatovkid] 17/12/2013 08:35

N3tley, I would be interested to know on what contributing factors did you base your pessimism regarding IOF ??

[iofra] 17/12/2013 08:35

Investec:
This is a timing effect. Our longer-term forecasts are broadly unchanged, as is our NAV-derived 230p target price.

[ridicule] 17/12/2013 08:32

Richie_richie I think the 1000 per day is average production and io2 has been down for extended maintenance

[escapetohome] 17/12/2013 08:32

Are Ennis aware profit warnings come in 3s?

Congratulations to the bears!

I think you are well and truly in control of this board.

[diggulden] 17/12/2013 08:31

'brhukatee 17 Dec'13 - 08:22 - 12965 of 12974 0 0

Pity the poor souls that bought the hype (literally) and are down up to 60%.'

Or UP up to 250% depending on when they 'bought the hype'. Two sides to every situation, do not try to spin the negative only.

[captain_kurt] 17/12/2013 08:30

Looking for a double bounce off RSI lows of 20

[wizard2020] 17/12/2013 08:29

If you believe in this company and on the research that has been done this has to represent next years Christmas present

[drunken monkey] 17/12/2013 08:28

Sometimes helps to look at the other side of the trade - If I was short, my target would be 60p...

[richi_rich13] 17/12/2013 08:26

Something does not add up here, on 1st august we were told daily highs were 1000kg. Since then io2 as had a new enlarged pipe fitted. Io1 has been refurbished. 6 months `optimization` of both plants, and continued statements of production improvements. PLUS the addition of io3 and the production rate is..... 1000kg /day? Something is not right.

[captain_kurt] 17/12/2013 08:26

well said Ansana...looking forward to IO4 being commissioned in Jan.
These will not long recover in anticipation imo

[albanyvillas] 17/12/2013 08:26

Stop rubbing iodised salt in the wounds

[pwcarnall] 17/12/2013 08:25

Commiserations Joe really hope you make it back-its a big learning curve.

[skasher094] 17/12/2013 08:25

Actually it's back at price beginning of year

[molatovkid] 17/12/2013 08:25

The great danger with shares such as IOF, is buying in anticipation of what might be.....what something could be worth....if this and this happens we'll be worth x....

Unfortunately, if the wheels come off, this is the outcome

[brhukatee] 17/12/2013 08:25

Wipeout time for many, it was all about delivery and the new management team suck at that sadly.

[drunken monkey] 17/12/2013 08:23

Chart not looking the best....

[brhukatee] 17/12/2013 08:22

Pity the poor souls that bought the hype (literally) and are down up to 60%.

Game, set and match to Ennismore (but I wonder if they had some help?)!