Iofina Share Discussion Threads

[rhwillcol] 31/3/2014 12:25

diggulden: I was only doing a little digging!

[diggulden] 31/3/2014 12:22

rhwillcol, I bet that took some writing!

[rhwillcol] 31/3/2014 12:05

Dear Florence Fennel (aka Aniseed/Ansana),

Thank you for your horticultural advice: and duly noted. You obviously know your Onions and, rightly, are not prepared to hide behind a Gooseberry Bush. Thanks Shallot for that. Soon we'll be seeing a real un-Beetable Turnip for the books, things that "others" will be really Cress about, and something we'll be able to really Sprout about. This company ain't no Cabbage nor any old Common Purslane. Those who made a Catsear of things are now gone: we now have new Brooms in place. This share price will not be Squashed for much longer.

Lettuce all sit tight until we see the Garden Rocket. Here's to Greater Plantain. Those Fiddleheads next door (Athyrium esculentum, you know who you are) will soon be gone, and those who Lentil them will have their money back, maybe a last-ditch little Endive before then. Some need to mind their Peas etc, as this one really does cut the Mustard. Plenty going on here to Salsify everyone.

Well, un-Dill then. Must get back to the garden ....

[frog1] 31/3/2014 12:04

crosseyed,

My quick calcs from earlier this year were:-

In the interims the net cash was $16m (they had just borrowed the $15m). Nett cash burn in H1 was $4.6m on revenue of $11.5m. They said they will only have total revenue in 2013 of about $18.7m (about same as 2013) so revenue in H2 will be $18.7m-$11.5m (revenue in H1) so $7.2m. If anyone assumes the same spending in H2 (which many will) that will give a cash burn of $4.6 + $4.3m - around $9m leaving cash of $7m at end of H2, which will still be being burnt at a high rate leading to the articles about cash issues appearing at the turn of the year.

[1madmarky] 31/3/2014 12:02

I'm hoping for a little more. They should save $6m to $8m by buying internally plus if they do get to 700 tons that gives them 400tons to sell as raw. So should get another 8 million for that. So $16 mill or £10 mill, should be possible. So no funding issues as 4,5&6 would have been pretty much paid for in cash by now. Looks pretty good going forward especially if they can get the water of the ground quickly.

[ansana] 31/3/2014 11:59

Joe buy all you can. You will be smiling as will the Janitor who has more sense than many here. IOF is a fantastic company. Every day they add value. Tik Tock time will out the success and time will oust the shorters. Sorry to be so prosaic but I am off to plant my onions.

P.s. water is non core

[crosseyed] 31/3/2014 11:57

Bogg1e,
By net revenue, do you mean revenues less cost of sales, ie operating profit?

frog1,
What do you see as the cash position at y/e 2013?

Thanks,
c

[frog1] 31/3/2014 11:50

Profit after interest before tax :- 2014 : $8.3m, 2015- $16.1m

[bogg1e] 31/3/2014 11:23

Hi Netley, well thanks. IOF 2014 net revenue figure for me about £8 million

[joestalin] 31/3/2014 11:11

On the other hand, Ansana, I would thank the shorters for depressing the share price to a point where I can fill my boots with free money.

2 ways of looking at it....

[n3tleylucas] 31/3/2014 10:57

Bogg1e,

Good morning, I trust you are well?

I am quite interested in what posters think PTP will be for FY 2014 & 2015.

I'm not interested what brokers paid by IOF have estimated, they tend to be biased due to conflict of interest issues.

I'm equally not interested in your methods, simply 2 numbers will do.

[che7win] 31/3/2014 10:57

Ansana,
Good posts, incredible that anyone would still be selling at this price.

[ansana] 31/3/2014 10:38

alphacharlie
I have not sold a share. I will not sell, you turn if you want to. The lady's not for turning. I have just about had enough of the shorters I am thinking about picking up my biggest and heaviest handbag and going over to the other thread.

Think about just have far IOF have come in a year. Its all about the future not the past. Go out, plant your onions, don't look but for the love of .... give them and yourselves a break. This company isn't going down the pan, no dilution, how many more times must it be said.

[freshvoice] 31/3/2014 10:35

Ansana
Is my dog barking at the postman again, looks like it!

[alphacharlie] 31/3/2014 10:24

Boggle, ansana - thanks - I can see i was completely wrong to be worried

[bogg1e] 31/3/2014 10:13

Its an iodine company. Water is a bonus. IOF is a good iodine company at the beginning of long term growth. The BoD hasnt done itself any favours by overpromising then being hit by a load of problems, many of which outside of their control, which has caused a lot of doubt as to whether the BoD can be trusted. The fact remains however that all companies when embarking on a new direction have a learning curve and teething problems in the early stages. In a few years time the story will be very different. In 10 years they could actually monopolise the iodine market to the degree that noone else can afford to produce it. 200 plats could easily double the current iodine annual output of 30k tonnes. IOF is a patience game.

[meadow2] 31/3/2014 09:47

Well, it would seem 'here we go again'! Lots of hints and nudges that we, simple shareholders, know nothing at all about. Having seen the share price travel down and down, despite all previous hints and nudges, what are we to make of this present situation? I would welcome enlightenment from any quarter not offering 'winks and nudges'.

[freshvoice] 31/3/2014 09:46

Let worraps back lease.