Iofina Share Discussion Threads

[croc8] 13/2/2014 13:36

Shoddy, you really are a dik wad.

[shonny] 13/2/2014 13:27

I see this has stalled and is about to go into reverse again. Only 10 months till Xmas and £3 a share. I'd say £1 would be a result for the rampers, who have gone very quiet lately.

[engelo] 13/2/2014 11:45

malachey: the Harvard guy did nothing wrong: his blog was very thin and based on hints of doom (eg they were making more money than their peers: which could equally well be down to better systems) just as you would get from ADVFN trolls. The name of Harvard evidently carries weight though.

As Orslega implies, I'd back GS against Harvard :-)

edit: FT comment:

I'll switch off now.

[knackers] 13/2/2014 11:22

Orslega - spot on, the parallels with IOF are obvious enough, Blinkx has every reason for feeling thoroughly wronged. Understand an FCA investigation is underway into market manipulation, may also involve US regulator and could lead to punitive action possibly fines and court/class action. Interesting.

[orslega] 13/2/2014 10:23

yes, while we wait for IOF, o/t blinkx....fingers being pointed, as if AIM market difficult enough!

hXXp://www.financial-spread-betting.com/community/trading/goldman-sachs-tops-up-stake-in-blinkx-after-harvard-professor-ben-edelman-casts-doubt-on-company.html

and I believe the article above is incorrect - Blackrock increased their holding recently to around 13%. Goldman Sach have followed blinkx from the early days. After shannigans, GS have retained their conviction buy and target of £3.40..speaks volumes...

..be very interesting to see how this unfolds....added a bundle at 100 - 113p dyor but imo great entry, addition...patience will be rewarded, like Iofina

ps whilst off topic - blinkx presented yesterday to Goldman Sach Iechnology gathering in US - presentation released today, impressive growth story..plenty of legs imo

hxxp://cdn.blinkx.com/images/docs/blinkx_Corp_and_Bus_Overview_February_2014.pdf

no more off topic from me...

[malachey] 13/2/2014 09:40

Yes I did some reading about that case the other day Engelo. Though it looks suspicious to say the least, i'm not convinced it was a deliberate 'short attack' just yet. Harvard business school are standing by their man so far at any rate.

[engelo] 13/2/2014 09:31

Slightly OT: if anyone is not following the BLNX story it's worth a bit of reading. Basically a US academic was paid by 2 IIs to do some 'research' on Blinx's business model, which afaics amounted to a 'looking for dirt' exercise. He didn't find much dirt (see analysis on smaller BLNX thread), but when he published it on his blog the BLNX share price lost 40%. There were big short positions in place at the time.

[knackers] 13/2/2014 08:29

Remaining shorts need to be urgently closed and bought back with newsflow on new production facility commissioning imminent. Could get choppy as they attempt to do so but I see a rapid recovery towards £1.40 and possibly beyond. Yet another over sold/over shorted stock.

[cyberbub] 13/2/2014 08:18

Paying 94p for small chunks now...

[worraps] 13/2/2014 08:14

Thanks, warmsun....what service!

[warmsun] 13/2/2014 08:02

L2 info fellow posters....we have a chunk of 50k sat on the Offer at 90.5p this morning.

edit...which has all just been bought up! :)

[festario] 12/2/2014 16:28

FV, I added plenty in the 70's, but won't be selling any... as I bought them as an investment... strange as that might seem to some these days!

[cyberbub] 12/2/2014 16:16

Ticking up a bit at the end?

[freshvoice] 12/2/2014 16:12

I presume those selling are those who bought in the 70s and are making a quick buck!

[octopus100] 12/2/2014 15:32

Not a lot happening on this today - offer pretty much the same the who day and the bid was messed around with guess to pick up some cheap stock - still people interested and price will end the day where it started. Lot of noise but not much change.

[noli] 12/2/2014 14:56

Some blue on the way imho

[malachey] 12/2/2014 14:56

there goes the 45k lump. all in one go

[johncsimpson] 12/2/2014 13:05

There are two recent Ennismore notifications re their IOF short that relate to them reducing their position. One on 30th Jan where they reduced it by approx. 76k and then the next day by approx. 230k - a total reduction of approx. 305k. They were then short just over 1.64m.

As I understand the rules of disclosure, Ennismore must inform the markets in a timely manner – (it's more precise than this but I can't find the regulatory document) of any change to their position. The two previously noted reductions were on a Thursday and Friday and they appeared on the following Monday at -

On the days of the 30th and 31st Jan, the IOF share price was as low as 69.23 and as high as 81.5 so their buying price would be in that range; neither the lowest nor the highest price - so it's a bit of a guessing game.

But as alphacharlie pointed out yesterday (though he has a slightly different current position to my calculations - but the principal's the same) each 10p move now impacts at approx. £164k (10p x 1.64m). But it's all a bit 'ball park'.

But it does make you wonder what Ennismore's strategy is. They either 'know something', think IOF has not yet bottomed or they are finding it difficult to get stock. As octopus says any 'good' news will hit their bottom line but then we've questioned (even ridiculed) Ennismore's wisdom before and been found wanting; they are professionals.

One thing is for sure, buying back 1.64m shares, even in dribs and drabs, is going to impact on the share price.

malachey and engelo make some good points re the Ennismore position.

[engelo] 12/2/2014 12:53

malachey: think they should take water into account as although they may be still sceptical (they were very lucky in Dec and may be taking the credit for it) they could get ambushed if it is granted as I expect it will be. So in their terms a major risk.

Either this or I04/5 commissioning would be a big boost to the share price imo.

[malachey] 12/2/2014 12:39

Octopuss: it isn't a claim that ennismore are still short; it is publicly declared as a legal requirement:




But they aren't as short as they used to be.
I'm sure if they could click their fingers and close the position entirely then they would, but it is not that simple.

One possibility others have proposed is that they are partially hedging their way out.
Another possibility is that they are gambling on the hope of more delays to plant roll-out. They don't have to fret about the water permit just yet as that is likely a few weeks away from a decision.

[sweetnodude] 12/2/2014 10:54

70p was exactly where they started to exit....

[octopus100] 12/2/2014 10:39

Thinking about it if Ennismore are still short as people on here claim then that must be an interesting dilemma for them. They didn't exit at 70p when they had the chance so where do they think this is going to go. Yes this probably got carried away with itself hence initial short, but unless they think this is going down the toilet what are they doing? IOF patterns fine, delay in plant operation development but this will come, maybe a few hiccups along the way with further delays, but doesn't look like a company that has got it wrong - so not sure what their play is. Any good news is only going to push this higher and squeeze them and anyone interested in buying it will inflict a serious loss on them. So the Ennismore play actually whilst not beneficial initially probably serves to underpin the price at the moment.

[crazycoops] 12/2/2014 10:39

In the heart of America?

I'll get my coat :)

[alphacharlie] 12/2/2014 10:14

Where's Buffalo Soldier when you need him????

[octopus100] 12/2/2014 09:36

Ridicule - the PI's are their own worst enemy because they have published on boards like this that they own IOF in spreadbet. That is news to companies like Ennismore's ears - any attempt at shorting with spreadbetters gets magnified results. To be honest with you Ennismore did everyone a favour in my opinion by shorting, they took out the spreadbetters meaning the company share ownership is in more stable hands with people with money full owned.