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If you look at the fundamentals of this company (e.g. in Stockopedia), you'll see that it's been steadily improving for the past few years (Total Revenue, Operating Profit, Net Profit), while the debt is the lowest it's been in the past 7 years. At the same time, it's less the half the price that it was pre-covid...
I'm looking to buy more on any further pullback.
Supply uncertainty led to rising iodine prices and shortening contract times in October.
Fastmarkets assesses the iodine contract market on the last Thursday of every month. The prices shown here relate to October 28, with the previous assessment made on September 30.
Fastmarkets’ monthly assessment of the price for iodine 99.5% min, contract, delivered US/Europe, cif Asia rose to $37-41 per kg on October 28....
Maybe he's given up on his possible takeover aspirations. Not a bad thing IMO, as I think the current team are slowly building up revenue and profit. We also have 2 other large individual stakeholders, building their stakes.
Arron Banks is selling Iofina shares, but hopefully we have buyers to hover them up.
See latest RNS
It's also the first time I can remember where the news cast ended with "At xxx BST the shares are up ...". In the past it has never mattered how good the update was. Perhaps a sign of shrinking supply?
I've added some more. I said that I'd add more after seeing improvements to the business fundamentals and that's what I see here.
Seems the market likes the update too!!
Nice update. No surprises. All on track with iodine price touching $40 / kg. New plant being assessed.
I am starting to feel we could be range bound between 14p and 16p until the full year results, perhaps? Large buyers in 14p to 15p range, and sellers appear in 15.5p to 16p range. I guess the supply may drop at some point and we will break up. Here's hoping!
Precisely CaneToad Ref your post of 5th October, and todays RNS confirms ongoing accumulation by people i) with considerable money to invest, and, possibly b) people in the know. Great news for us mere investing mortals.
Only another week & we'll see a Trading update.
More accumulation going on.
Croda or Elementis are two possibilities. This is just pure speculation though.
Just hope if there is an offer it's not too low. Can't imagine the main shareholders would accept much below 40p. However, we have had a depressed share price for a long time.
Coming around to the possibility of a takeover. There's now a few larger stakeholders that will make it a lot easier for the right offer.
Almost annoying! I had a quote up for a top up this morning and decided to wait. Tried half hour later and could only buy 10k max. So I left it. IDIOT!
The appetite for these shares has drastically improved for the better.
Now that it's profitable with a half-decent balance sheet, it must surely be a takeover target for Croda or Elementis. I'd think this would fit nicely within Croda. They could buy it out of their morning tea fund..
Quite simple mkt capt 30 million
Profits a fifth of that a year not many in the aim like this find me another ? Ok tek capital ! Will add more patience pays off as when a new plant up and running iof will be super cheap