Iofina Share Discussion Threads

[phoenixs] 23/1/2014 15:33

tsmith2, not the company..they did not produce the note. The brokers should get of their backsides and produce a report in which the financials are correct and not badly flawed which result in investors selling on misinformation.

[croc8] 23/1/2014 15:31

Completely agree Bob, but hopefully the upside will be a another note with more positive figures. There will be a lot of pssed off investors who sold in the last two days.

[tsmith2] 23/1/2014 15:27

Company should clarify

[bobsworth] 23/1/2014 15:13

Oh dear and I thought the appointment of Numis would would be good for Iofina! A fresh start and all that. If it turns out they too have got it wrong like some say then yet again we lurch from one let down to another. If its wrong then Numis and Iofina need to get this sorted quickly and start rebuilding investors confidence in the company. After all Iofina's business plan has massive potential that just needs to be delivered now.

[bogg1e] 23/1/2014 15:05

SG cheers.

[bogg1e] 23/1/2014 15:03

worraps, the problem with share prices is that they reflect trader sentiment, not necessarily whats going on in the real world. I'm currently researching for the In-laws plastic moulding company. The first thing that surprised me was how long it took the first "modern" plastic, Bakelite to go from a discovery in the laboratory to a product that could be sold to a moulding company to turn it into a knife handle, light switch, ash tray, etc. It took about 14 years, why? Cos life happens, people happen, getting the first factory up and running was beset with all kinds of delays. My rule of thumb is Project + People = Delays. We will all walk away wealthier people for our investment here. Just give it a year at least, although i still reiterate my earlier stance, with or without water, the roll out is gathering enough pace to equate to £3 per share by end 2014, provided the roll out is well managed and with the roll out figures at about 6 per year, if IOF can keep them coming 1 every 3 to 4 months on average, confidence will return. As I said, the more revenue each plant adds to the pot, the more plants they can build concurrently. At some point IOF will be hitting 1 plant per month on average, provided the bulk of their profits is reinvested in infrastructure for the next year or two, they will get there. Also, IOF are still a buy out target and i dont believe that potential suitors are still unaware of them. Post 1000 tons per year proven production, IOF will be approached.

[tsmith2] 23/1/2014 14:53

Anyone actually know what numis have slipped up on and contacted the company receiving a reply?

[che7win] 23/1/2014 14:50

frog1,
that isn't the problem, they have made a blunder elsewhere.

[knackers] 23/1/2014 14:44

fwiw I think there is very little more that can be rung out of today's share price and look forward to a steady recovery in price as newsflow turns positive.

[phoenixs] 23/1/2014 14:42

orslega, it may be that broker just inputted incorrect figures when calculating cost of sales.

[worraps] 23/1/2014 14:40

Well, Bogg1e......I sincerely hope you're right in that case.

[frog1] 23/1/2014 14:39

All Numis have done is use the lower figure of the company's guidance for production this year i.e. 700mt. The rest falls out as I showed yesterday. The figures are not wrong until the company changes its guidance. This was the trouble with Investec, their figures made absolutely no sense given the company's guidance to the market. I hope the company says nothing until the next production update when they could change the guidance if they wish.

[bogg1e] 23/1/2014 14:34

Worraps, I have to disagree, sorry. There's no point in quoting dates when i have already said that the roll out is what matters, not the deadlines by which it is meant to happen. Overall, given the change from Texas to the current location, issues with everything from brine and electricity hook ups to almost 5 month delays on towers, reduced volume output, plant tweaking etc, the plan is probably a good 9 months behind where the market hoped it would be. The plan though is now unfolding at a good pace, just look at the updated photos for IO4,5 and 6, within a couple of months they will be commissioned and producing. By the end of 2014, each plant will have generated enough taxed profit to pay for 10 new plants between them. Forget dates, they are irrelevant, its the plan that counts.

production fugures are the same story, IOF will hit those and higher levels of production, just not by when people hope for.

[bogg1e] 23/1/2014 14:27

The numbers are way out, both in terms of costs and future growth. The BoD will have to announce a RNS about this. I'm glad to see people have been getting in touch, quite a number i now gather, in which case the BoD will be pressurised into getting Numis to retract or amend the note.

[worraps] 23/1/2014 14:26

Bogg1e, no need to jump and down with rage, and start swearing. The fact is, IOF were to have built 12 plants by the end of 2014. Within a few weeks of stating that, they dropped that number to 9 plants. Just three more this year, not six. It is not all about delays, but reduced production over a two year period. Your bias is beginning to show.

[engelo] 23/1/2014 14:22

SG: But as che says, were Numis over optimistic or over pessimistic?

[orslega] 23/1/2014 14:20

if true, (that is, the Numis note incorrect - ie that IOF opex costs hugely overstated) that is sheer incompetence as that is info provided by Iofina....if so, a few who sold yesterday will be looking at Numis for compensation...

....in the meantime what an opportunity to add (even more so if Numis have it wrong!)

[bogg1e] 23/1/2014 14:13

Has anyone questioned the BoD or received a response from them?

[phoenixs] 23/1/2014 14:13

superg,

If that figure is correct and let us give it a p/e of 10 that would equate to an added value of about 71p to the 156p value which they gave in the note. That is no small sum. I wonder whether there will be an official correction!

[superg1] 23/1/2014 14:05

Phoenix

a 10m to 15m balls up is what is being said, with 15m being mentioned quite a bit.

Let's see what comes out over the next day or two if anything, but for sure a growing number think a large error in the figures has been made.