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Limited debt, growing revenue/profit, strong iodine prices and deeply depressed share price, with forward P/E of 6.6, while other speciality chemical companies are priced much higher, e.g. Elementis is on 15.3. Furthermore, if we compare Iofina to Elementis purely on the fundamentals/technicals, Iofina is the winner in the Stockopedia comparison.
CRODA is on forward P/E of 40
Wouldn't it be good if bid rumours have started. Let's say initial offering at 38p a share....??
Someone flogged a million yesterday, hence the dip looking for buyers. Could it be AB selling his entire stake eventually?
Solid accumulation.
This is the best the company has ever been, while share price is still heavily depressed. I've added another wad.
Must be due a tick up soon with constant buys coming through.
Able to sell 50,000 at 15.2p
Iofina also now appears in Investors Chronicle's AlphaScreens from 8 Nov 2021. I expect that could be the reason that it appeared on Michael Taylor's radar.
Interesting piece by Michael Taylor in this week's Investors' Chronicle - he has opened a trading position in Iofina.
He has written a good summary of Iofina's current attractions - there have certainly been a number of positive developments e.g. debt refinancing, rising iodine price, planned production increase etc. He also thinks the stock has a good technical position at the moment.
Nice to see some positive coverage. I traded this earlier in the year and made a modest profit. I have gone back in now with a larger holding this time. Also, for what it's worth, FinnCap's target price is 25p.
GLA
Interesting to see Stockpedia flip flop on IOF and yesterday Day Trader on Investors Chronicle has taken a position. That together with the buying we've seen could be things are about to improve the SP. Good time to release a positive RNS
Looks like somebody buying...
Bit of a rise.
Has there been a earthquake or something in Chile or Japan?###;;;
Iofina, the slow burning Red Dwarf.
It's monotonous share price endures, like a well established mould.
Unfortunately, the Stocko rating has now flipped back to Neutral again, for what it matters... Life is short!
Stockopedia has just upgraded Iofina to 'Turnaround'. It's the highest ranking that the stock has ever had. This should result in more investors dipping their toes in here.
Logistics issues spark second iodine contract assessment rise in two months
By SOFIA OKUN
Published: Tuesday, 02 November 2021
Supply uncertainty led to rising iodine prices and shortening contract times in October.
https://www.indmin.com/Article/4014724/Iodine/Logistics-issues-spark-second-iodine-contract-assessment-rise-in-two-months.html?ArticleId=4014724
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.