Member Info for hawkhead

Pesty: "what is wrong with fundamentals" $6 million loss $20 million loans, due in approx 1 and a half years $1.2 million interest charge pa Royalties paid to brine suppliers Current low iodine prices etc etc etc etc etc etc Oh deary me. You rampers really need to get to know what you're investing in. Strong sell. PS - Tutty tutty, give us a wave, tutty, give us a wave (lol)

Kingy, why do you persist in trying to analyse each trade and make a futile assessment of the impact on the Market Cap? Do you actually "understand" what you are trying to do? I don't think you do. Also, the BOD cannot "directly" manage the share price, so again I'm at a loss at your understanding as to what is going on. At the end of the day it's the fundamentals of the business which drives the SP and the fundamentals re IOF are awful. And they can't release the accounts in a reasonable period of time either. What's their problem? Why is it so difficult? Doesn't bode well does it? Strong sell. PS - Oh tutty, where art thou and your humble pie? (lol)

Quite ridiculous. But I suppose it's allowing more time for the apparent controlled seller to make an exit, as the general rule of thumb is the longer it takes figures to be released, the worse they are. Yesterday's Level 2 suggested this is on a cliff edge, and I'm predicting new record SP lows will be hit before the end of the week. Strong sell.

...... or should I say "trying" to aspire to: http://www.iochem.net/Index/index.html .... the US of A's largest iodine producer. Wow, they really are setting the pace aren't they? And with a website that looks like it's been designed by a 4 year old, you really have to laugh. But they won't have anything to fear from IOF. After all, they won't have the same interest charges, the same royalty costs, or the huge costs of being listed. All eyes now on IOF's interims ..... another nail in the coffin? Strong sell.

NMH19: "Huge difference between a public and private company when it comes to reporting accounts." You're totally wrong, NM. Accounts include the following .... Directors Report Profit & Loss Account Balance Sheet Cash Flow Statement Notes to the Accounts .... they're the same for private and listed, NM. That's what accounts are, NM. So where's this "huge difference"? Please explain. And I would be able to prepare our company's accounts in exactly the same timeframe if we were listed. Do some research, NM, and you'll find many many MANY listed companies release their accounts within 4 to 6 weeks of their period end. So why can't IOF? Because they're incompetent. They even had to delay the release of the 2014 accounts because they made such a dogs dinner. How embarrassing! Strong sell.

Being an accountant at a large privately owned company, we prepare monthly accounts prepared well in advance of the following month's end ...... a couple of weeks to get all the information in such as invoices, etc, the guys to take stock and make provisions, then the 3rd week to process all the info and get the accounts done. And our annual turnover is in excess of tiny IOF. So why can't IOF manage it? And you would have thought in view of the terminal decline of the SP it would be in their interests to significantly improve efficencies when releasing financial information ......... that's if they're profitable of course (hmmmmmm!!). So what's the problem? Strong sell.

.............. the rampers would be rubbing their hands and remotgaging their respective homes if they GENUINELY thought the current SP was the bargain of a lifetime, rather than getting their knickers in a twist and pointing fingers at those nasty MMs. At the end of the day the MMs are simply providing a market for buyers and sellers, and the rampers can disect and analyse trades until they're blue in the face, but if the SP goes down then the selling wins the day. Not rocket science. Is it? And for the record, I could buy absolutely loads of these bad boys (if I was insane enough to do so) so there's a huge supply. MM manipulation my eye. And this lot are so bad at preparing accounts it wouldn't surprise me if they've outsourced the interims to the accountancy arm of the auditors. So is the cat out of the bag? Another mega loss on its way? Strong sell.

Thanks, Dav, but good heavens it's very hard work educating some folk on here! They just don't get the fact that in their present form, it's just far too expensive for IOF to remain listed. They just don't get it! Then when I mention the interims are "late", the "silent majority"'s spokesman pipes up that they don't need to be released 'til the end of September. No no no, snowy lad, you're confusing unacceptably late with regulatory deadlines. They just don't get it. No wonder the "silent majority" don't say much, because when they do they just embarrass themselves! Now we have kingy getting all paranoid about MMs manipulating as though they have some kind of vendetta against IOF. But the biggest laugh of all is that eegy doesn't know what a rollover is and thinks the 2 x 100ks are out and out buys! lol, he's soooo clueless! You couldn't make it up. Strong sell.

I'm guessing a "market update" from IOF in the next couple of weeks siting the low iodine price as "a problem". Also wouldn't be surprised if they fail to meet the 30/9 deadline for the release of the interim results and a subsequent share suspension. There's a huge issue here ..... massive selling driving down the SP to NAV. Not looking good for IOF shareholders. Strong sell.

............. simply look at IOF's share price. Strong sell.

Hope your reinvestment from your impending sale of this dog serves you well, bluebeard11. Sign of a good investor is not only picking the right stocks in the first place, but also recognising and acting upon mistakes. Interesting to note some desperate attempts from the rampers to pour scorn on more valid research. Mentioning Northern Rock as an example that banks are just as vulnerable as AIM stocks is so ignorant it's embarrassing. As I've said ..... 81 AIM companies have delisted so far this year ...... as opposed to no fully listed banks So to draw such comparisons is a total nonsense.

Yes, bluebeard11, stick with the "trusted" bluechips, at least you'll continue receiving a dividend even if the SP does get a beating (which is usually just short term anyway). The AIM is well dodgy, the latest Fact Sheet ...... http://www.londonstockexchange.com/statistics/historic/aim/aim-statistics-archive-2015/aug-15.pdf ..... shows 81 companies have delisted so far this year, far outweighing the admissions. Best tactic you can employ if you do take a punt on the AIM is get in EARLY on a company who think has a good idea then jump out at the first inkling of potential trouble. Using IOF as an example, there have been loads of warning signs ..... big borrowings but still huge losses, late accounts, immediate director resignations, undisclosed director dealings, plants closing, no longer expanding, etc etc etc but there were still folk buying after the SP has increased tenfold even though the company still hadn't still made a cent of profit. One would have thought such stupidity doesn't exist, but it does! The odd few AIM companies do succeed and even become fully listed, but few and far between. After all, the Americans wouldn't stand for such nonsense regarding weak listings with minimal financial reporting, hence the reason why American based IOF are listed over here. Strong sell.

bluebeard11, it was myself who suggested a possible delisting (the rampers accuse me and Dav as being the same but it's just a feeble attempt to divert attention away from how badly IOF is performing. As I've said before, they try and "play the poster" rather than "play the post", as they don't have any answers to the sound arguments that IOF is failing). My "calculated" guess that IOF may be delisted is their apparent abandonment of expansion plans and the sweeping under the carpet of their previously declared intention of announcing a strategic review. I'd also be extremely surprised if they manage to raise any more money anyway. So the huge costs of remaining listed in its current "tiny state" are just too onerous. If they do delist, shareholders will no longer be able to sell their shares on the Market and minority shareholders in particular (having no control whatsoever in the running of the company) will effectively have worthless shares. I also mentioned the current share price valuing the company at barely NAV as a tell tale sign that the company may be heading for a delisting or going bust (with the assets of the company then being broken up and sold off). Major investors with clout have their ears far closer to the ground: they'll know if IOF are begging for money, they'll know if IOF are selling off stock cheaply to ease short term cash flow, they'll know if they are struggling to pay suppliers, they'll know if key personnel are seeking other jobs. Hence the kind of sell off/shorting/non investment IOF are currently experiencing. Ignore the Market at your peril. Strong sell.

Very pleased with myself that this continues to play as I predicted. There's still a massive overhang, but you have to take your hats off to the MMs who sell on behalf of their big clients ..... drip feeding the shares in, sucking the mug buyers in, a joy to watch on Level 2. But only to those who understand it, so I wouldn't recommend the rampers buying in. Still awaiting the interim accounts, surprise surpise. But don't rule out a delisting as my previous post ..... market cap is hovering just above NAV which is always a tell tale sign that an horror RNS may be round the corner. Should scrap the AIM anyway IMO. Some call it the wild west of the stock market. ALL listed companies should have maximum reporting and tranparency, quarterly detailed accounts released within the month end for a start. But AIM companies get away with murder, aka IOF. Strong sell.

With over 70 AIM companies having already delisted in 2015, it makes you wonder if IOF's apparent binning of their expansion plans is moving them closer to their own exit. It costs a fortune to be listed, have a read of this: "The total is made up of the costs of financial PR, investor relations, nomads, brokers, auditors, website maintenance, regulatory news service, registrars, annual general meeting, annual report production and the annual listing fees. However, this captures only the external costs; the internal costs of time spent on investor relations and regulatory compliance will almost double this cost. Therefore, as a rule of thumb, the real annual cost for an AIM company is on average £500,000 and £750,000 for a Main Market listing. Given the number of companies with a market capitalisation below £20m on AIM, this can make the cost of equity very expensive." So converting that half a million quid to $800k and adding it onto the interest charges and useless lease of well over $1 million, you can see how unsustainable this business is as a listed entity. And with plenty of willing big sellers still around despite the market value barely being above the net asset value, there's something very seriously wrong here. Strong sell.