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Last post: luckyorange, 14 Jun 2024 10:46
No charisma or ooomph with Tom unfortunately not a salesman too but the company is in very good fettle just needs promotion in the right space and it doesn't seem to happen regardless of the link up with a past promoter, annoying but confident it will get there at some point . Surprised that it hasn't been swallowed up by a chemical company of size.
Toms visit to the uk clearly didn’t result in any new shareholders or encourage buying from existing…..
Indeed, strange, could it be a hangover from yesterday's sales? Also, my 10k buy first thing this morning at 21.06p did show as a buy, but is surrounded by so-called sells which are at a higher price! Anyway, am not overly concerned, as I think momentum is building now for an upwards move from this ridiculously low price, what with IO10 construction well under way and healthily increasing production forecasts through to 2026 as we head ever closer to that fabled 1000MT!
Can anyone explain why a trade of 150,000 was not shown as a buy?
Started: Cloudsurfer737, 4 May 2024 12:30
Last post: rylidan, 7 May 2024 15:13
20p seems like a bargain, so happy to top up my holding for the long haul. Still don't like the fact that they won't return anything to shareholders. However from this low point there should be a decent capital gain this year IMO.
Analysis need to look closely at this company when the figures stack up it will move I am in EPWN good stock good company but it has took about 4 months to move up good luck with your holdings
I was looking at these before the last rise and kept them on the radar. All fundamentals still seem good other than the renegotiated brine contract which seems to be responsible for the reduced EPS growth. With another plant coming on line and potentially a further one to follow it would seem the company will build from here. What are the thoughts on the depressed share price - is it to do with potential fall in the iodine price, potential issues with new plant or something else? Any ideas appreciated.
Started: Parttime, 3 May 2024 08:34
Last post: Mrlofer, 3 May 2024 10:34
Really? The muppet from proactive didn’t ask one question. Oh I see your input costs went up blah blah why not ask why Iofina didn’t put their prices up. Maybe they were contracted at fixed price but ask the question. The share price reflects the laisse fair attitude of the bod. Get over to London, do some marketing. Oh dear that would mean Lance neglecting his many other companies
Recon there is a seller with a million + just ekking it out at 20p +
Parttime....yeah,weird,the sp doesnt seem to react positively,to any kind of good news.
its gotta change at some point,surely
Thanks for posting the link. Really positive interview I thought and might prompt some decent buys., maybe!
Started: Troajan, 3 May 2024 08:11
Last post: Troajan, 3 May 2024 08:11
Started: Cheeky101, 23 Apr 2024 08:51
Last post: Mrlofer, 2 May 2024 11:36
Another curates egg! More questions than answers, no presentation yet baller states they actively look for new investors., how about keeping the existing on board to start.! This absolutely needs new leadership not the tired same old same old. Iodine remains a very interesting element that could be incorporated in tomorrow’s technology ie batteries. Too cheap to sell.
A couple of large buys this afternoon, one at the bell, suggests next week's figures are going to be good.
Not sure cheeky101 but they'll be out by beginning of next week and should read well. Hubs, reckon you're being optimistic about I010 coming online in 'a few weeks' time' - more likely a few months imo. That said, there's a lot to look forward to here with the spot prices holding firm and, potentially, a storming H2 production rate leading to a record '24 final number - assuming the rollout/plant commissioning goes to plan, of course! I paid in the 30s to max out my ISA in this share last year and never expected to be down here again for the latest new ISA allowance. Despite myself, as well as the portfolio being overweight in IOF, just couldn't resist adding a few more at circa 20p. Now just going to sit back and hopefully reap the rewards... famous last words!!
Morning All,
Does anyone know if Iofina has officially set a date for the announcement of the 2023 final results?
Started: stargate, 23 Apr 2024 02:24
Last post: Hubstar, 23 Apr 2024 07:55
Stargate, there are actually two other crucial indicators that are very bullish here at moment,yes RSi is a yard stick but only if aligned with other key metrics and indicators. IOF is in a great position for buyers at moment with IO#10 coming online in a few wees time and very high spot prices. Is poised for a nice move up.
Before end of 2024 i would be suprised if this is under 32p
Mishap with text. The RSI, positive divergence of six months, suggests a price target of 27-30. However there is expected price resistance from overhead supply from previous trading at 22, so buy if the sp can close above 22. Weak buy at present until sp, closes above 22. Underlying sector is strong and bullish. DYOR.
RSI(relative strength index), positive divergence with mid october 2023 price trough. The described trough, 6 month
Started: Troajan, 17 Apr 2024 09:30
Last post: Hubstar, 22 Apr 2024 15:55
Five, i would expect much new business in that area for sure,and with the higher steady spot prices and increases to come shortly from IO#10 and then IO#11 the figures will start to look very good indeed.Potential for maiden dividend here also in my view.Iofina will soon be entering their strongest ever period and it should be sustained from here,all the ducks lining up so to speak.That is why i am a buyer .
Have just seen some interesting chat over on Ad.V.fn in ref to the CEO comments about europe,it seems there is some potential huge deals to be had in Germany and with wider eurozone.Possible that Tom has already got some tasty deals in the offing otherwise why mention in video.He never normally gives anything away that is for sure so i am intrigued about this potential huge new revenue stream.
Chill, good point about the 10% increase in spot prices,i did allude to that in my comments but not specific,i will leave the more detailed in depth stuff to my subscribers when i do a write up during the week.But i do see some real good numbers here going forward with IO#10 included and leading up to IO#11 on these spot prices.The CEO also stated (which caught my attention) that they are forging new relationships in Europe which given the current Geo Political situation could be very valuable indeed to the profit ratio going forward.So actually i see the timings now being fantastic for Iofina on all those fronts,and luckily trading at a low ahead of a major growth phase :-)
Worth noting from the Canaccord note that the $8.5m EDITDA figure is based on $60/kg. Current price is approx. $66 and according to SQM (who are really the price setters) have said they expect stable prices this year.
Actually i have just scanned through the latest guidance and statements and seen the CEO comments in the video, i had previously overlooked this company before but i think now with IO#10 coming onstream in a few weeks time and the re-negotiation with suppliers etc ,this is a very decent opportunity at last. Is not going to multi-bag but it looks a solid company to have in the portfolio for sustained growth from here.
I actually like the fact they did not go down the path of over-leverage and huge debt piles to grow quicker and the associated share dilution involved. The way they have grown at a realistic rate without the need to borrow huge sums should be applauded,and i think that policy is now going to bare fruit .Looking at the projections for the second half this year with IO#10 included i think the share is looking far too cheap at present.It would not suprise me to see this make steady gains into the 32p - 38p area before the end of this year ( factor in the pending IO#11 ) . So is all about timing,and the timing of this next growth phase alongside steady spot prices should provide for some very good numbers from here.
Also a chance that they might become a Bid Target at some point,there a number of suitors that would see Iofina as a decent Aquisition in my opinion. I could well be tempted to build a sizable stake here.
This is a really great business but lacks credible people, everyone has heard the story and seen them miss numbers so many times that it needs a new leader to retell the story. Lance has all the skills but has too much baggage and fingers in too many pies to be credible. I think the two large shareholders see the value here and will hopefully demand something more than this lacklustre performance.
The difference between last years EBITDA of $11.5m and guided 2024 EBITDA of $8.5m is just 6 dollars increase in the $/Kg price of iodine. (assuming a mere 500 MT annual production). It was premature to guide on EBITDA for 2024 already in mid April, unless management can accurately forecast iodine prices for the entire rest of the year!
Thanks Henners , they do have a new plant to pay for which has an impact . I don't know what they cost now but the money comes out of the business, however it will start on payback as soon as they have it optimised .
It’s the usual 1 step forward, 2 steps back, IOF could be a great company however the management let it down every time, change is required. I doubt our largest shareholders are impressed with the latest update.
LuckyOrange - apologies. Factual evidence, by RNS dated 25th April 2023 IOF reported EBITDA of $11.5M FOR FULL YEAR 2022. By RNS today they are guiding EBITDA in the range $8.5m to $9m for full year 2024. That represents a fall in EBITDA of between 22% and 26% over 2 years. That is not clever.
While I will give them credit for being up front with this material impact on profitability now, it does mean, that as shareholders we are highly unlikely (under business as usual) to see anything exciting happen here for another couple of years.
I am a long term shareholder and in profit so simply posting an over view of tanya's announcement.
Yes the RNS did contain the expected positive soundbites, but a deeper delve into comparisons is not that promising for the next 12 months.
Started: JustChampers, 16 Apr 2024 08:26
Last post: JustChampers, 16 Apr 2024 11:42
That is my point, it did me a favour, I may have been inclined to add some back having sliced around 36p last May and again around 28p in Feb !
JustChampers - The share price rose yesterday, so any buyers, even if they were aware of the announcement this morning ahead of time, were the wrong side of the barrier. Clearly they were expecting a much more upbeat RNS than we got.
All profits get reinvested. Nothing for shareholders. It's the way with this company. Trouble is they don't do a great job given that every RNS says what a great time they are having.
Seems to be one step forward one step back all the time.
About 5% up on my first investment, many years ago.
Annoyed that some obviously knew of an announcement yesterday, yes it's down at the moment today, but only back to where we were on Friday !
Started: Sandy_Rivers, 15 Apr 2024 11:01
Last post: Sandy_Rivers, 15 Apr 2024 11:01
Technical bullish reversal on trend and upcoming earnings end of the month. Be a quick move up towards earnings date and expecting good numbers
Started: busicat, 15 Apr 2024 10:59
Last post: busicat, 15 Apr 2024 10:59
>10% up: Q1 updates usually land this week of the year it seems, generally followed by a lift in SP for a while. Looks like buys have started early this year.
Last post: Cheeky101, 10 Apr 2024 22:18
Hopefully a stonking Q1 update in the morning, production of 150 tons plus, Iodine at or near 70 dollars and a takeover approach to boot, followed by an increase of 50% in the share price, we can only dream!!!!
Started: luckyorange, 22 Feb 2024 10:52
Last post: Henners007, 22 Mar 2024 12:26
Mr lofer - although sp movement has been pedestrian at best (smiley face), I do not concur with your assessment of Baller. He has been adding to his shareholding at higher prices than we are today, and Premier Miton Group would not have recently hoovered up 5% of all shares in issue if they thought Baller was a chancer. Very slow burn yes, corrupt I do not believe so.
all those posting on the advfn bb are in total agreement that baller needs to go, he somehow walks on water despite a track record that is bottom decile. he purports to chair the company but clearly runs it, i cannot work out his agenda but suspect he has a plan that makes him money at shareholders expense. our only hope is that the two large shareholders see through his baller**** and get rid of him
allimo dyor
But do wonder if Ploen has finished selling all of his , not enough volume to clear them maybe?
6. SHARES IN ISSUE
As at 31 December 2023, Iofina had in issue 191,858,408 ordinary shares of 1 pence each in the Company (“Ordinary Shares”). No shares are held in treasury. The figure of 191,858,408 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules. In so far as the Company is aware, the percentage of Ordinary Shares not in public hands as at 31 December 2023 was 22.1%
7. MAJOR SHAREHOLDING
The Company is aware of the following shareholders holding 3% or more of the issued share capital of the Company as at 31 December 2023 adjusted for TR-1 notifications through 31 December 2023:
Shareholder Percentage
Richard Sneller 19.07%
Hargreaves Lansdown, stockbrokers (EO) 12.86%
Interactive Investor (EO) 12.10%
David & Monique Newlands 8.11%
Premier Miton Investors 6.40%
Barclays Smart Investor (EO) 3.93%
AJ Bell, stockbrokers (EO) 3.18%
Directors 3.05%
Started: luckyorange, 20 Feb 2024 21:46
Last post: luckyorange, 20 Feb 2024 21:46
Https://find-and-update.company-information.service.gov.uk/company/13294725/officers their next venture , scroll down to see their names.
Started: luckyorange, 17 Jan 2024 10:37
Last post: luckyorange, 20 Feb 2024 19:01
Must admit I was hopeful when they got Chrystal Capital on board but seems to have lost any momentum it may have had. This was June 2022, needs to be some ass kicking as well to gee them up !
https://iofina.com/appointment-of-chrystal-capital-partners-llp-as-strategic-financial-advisor/
The poor support from the uk is because baller is still in charge, he dominates the boardroom and has been in the job too long. A new uk based chairman and a renewed / refreshed marketing campaign ( sack yellow sweater as they have been there too long also) . Small cos need to work really hard at getting new investors so they need someone promoting the co in the uk at all the small company events ie mello
I think Ploen sold to put money into the next Baller enterprise , selling fraccing sand to the oilies . If you check out Jeffs name on companies house you will see that he has already taken an interest in it.
Don't understand why Tom has not insisted on the 'loan' being paid back 1 million (dollars or pounds .. I have forgotten? ).
That said , the company is earning plenty , selling what they produce but still needs to get into another gear to promote the company otherwise it will be eyed over by predators who will dive in , keep the best bit and asset strip what they don't want. It's a chemical company and should be doing really well on the growth side , full integration helps with the iodine , poor support from the UK but if it was US company it would have been flying much higher and better supported this past couple of years.
Share price Falling again! Baller needs to go he adds no value and is too busy playing with his other businesses. The fact that his buddy ploen has sold below 3% shows even he has no faith in his stewardship. Too long in the job and too many mistakes imo
Now the engineered drop (probably over a few months) by the mm's has filled Mitons boots I expect it will re-rate here unless there is another buyer in the queue.
Fortunately the likes of Miton will give iofina more pr than those actually paid to promote the company , wonder when SQM will buy some shares ?
Last post: rylidan, 18 Jan 2024 08:13
I know about algorithm trading. However these are "O" trades, not "A". Its not important I was just curious.
It would be pure guesswork as to why https://money.stackexchange.com/questions/55576/why-do-i-see-multiple-trades-of-very-small-quantities bot trading? Only the people initiating it know the reason.
What's up with all these 13 trades? Slow accumulation?
Started: chillpill1, 22 Dec 2023 08:19
Last post: Ecclescake, 17 Jan 2024 08:37
You might be giving LB more credit than he deserves. I think they are setting it up to over achieve, maybe.
The only obvious question is why would you let your broker who you pay put a lower iodine price in their model than you are confidently predicting . Baller understands the city and knows this would not go down well ? Motive? All imo dyor
There will be an interview but when you have calmed down why don't you request a telephone conversation with Tom and ask those questions ?
Yes , Lance Baller should pay that money back and Tom has made it obvious that it irks him too .
no it was a **** update, where is next years growth? eps down 24 on 23 . baller is a complete muppet and is responsible for nearly all the errors this company has made over the years.. i only hope the two largest investors will force him out.
Looks a good update to me ,breaking ground at io10 and io11 in the planning stage " sales of a key product mainly used in the semiconductor industry improved significantly in the second half of the year after a slower-than-anticipated first half."
"Encouraging progress has also been made regarding construction plans for IO#10 plant, with groundwork at the site scheduled to commence this week. The Company expects IO#10 iodine production to commence in Q3 2024 and will update on progress as appropriate.
Negotiations continue to progress well with both current and potential new brine supply partners for IO#11, and the Company continues to explore options in its current core area and other new areas for our next iodine production facilities.
In terms of new products, Iofina Chemical will be adding to its iodine derivatives product range in H1 2024, including an existing product in the market for which there is strong demand. The Company also expects to increase sales of its crystalline iodine to customers in Europe in 2024 through existing and new relationships."
I'm not going to post all of the positives up here they are in the RNS .
Started: Troajan, 16 Jan 2024 08:43
Last post: Troajan, 16 Jan 2024 08:43
Last post: luckyorange, 15 Jan 2024 11:33
Looks like someone desperate to get out which is usually the best time to buy.
Selling been going on for a while and do wonder if it's Jeff or Lance pulling out money for the new venture or maybe Banksy still playing games in a vindictive way .
There will come a point when the selling ends and iof moves up towards 50p as it progresses .
Moved back into my top up range again, which is nice. Update looks ok, more or less as expected really. Don't understand the drop, but I'm happy! GLA
Started: Troajan, 1 Dec 2023 08:49
Last post: Troajan, 1 Dec 2023 08:49
Last post: steven49, 30 Nov 2023 07:16
Company expects second-half production at the bottom, or very marginally below the bottom end of the forecast range of 325-350 MT from its six iodine plants.
Started: yellow_jerseypr, 18 Sep 2023 12:35
Last post: rylidan, 30 Oct 2023 08:46
Dividend? You'll be lucky. They spend all their cash on new plants and decommissioning old ones.
I don't follow? The iodine price is still robust, the new plant is online albeit ramping up slower than anticipated and the next new plant is committed. I don't see any reason for such a dramatic fall unless you can read something into this I can't see?
Quarter's result out. Now we know why the sp has lost 20% odd over the last few weeks. I hope IO09 is not as leaky as the boardroom.
Not sure it matters much, as according to the last interview Tom has little interest in the share price, or rather feels it is out of his control. He could be right, this is a buy and hold for a couple of years, then a nice dividend?
Is the iodine price falling, causing the sell off?
Started: DAZZA64, 26 Oct 2023 11:12
Last post: Cloudsurfer737, 29 Oct 2023 21:04
That to me is the more likely reason for the fall in share price - an anticipated pull back in the iodine price which has been surging in the recent past.
FastMarkets try and track it but mainly you have to follow what SQM say.
Price is in late 60’s and fairly stable although most analysts expect it to average $60 for 2024.
Does anyone have a link to up to date iodine pricing?
Started: JustChampers, 20 Oct 2023 08:32
Last post: JustChampers, 20 Oct 2023 08:32
Oh well, same old Iofina, things never seem to run consistently smoothly, but I'm still positive medium to longer term and will be adding again on weakness having sliced earlier in the year around the years highs.