biofarmer
27 Sep 2015
Re: Iodine prices The biggest producer SQM reported an average price of $29/kg for the first six months. Trade magazine IndMin suggested on friday some contracts are now going through at $32/kg.
pharmajiles
22 Sep 2015
stock priceÂ…Â….. Looks like everyone has left the bb here so i'll disappear as well.The stock is actually consolidating sideways currently in a large triangular pattern…….It will then have another large fall to come……….tread carefully here !
pharmajiles
14 Sep 2015
Re: Record production figures This stock continuing to perform exactly as per the price chart.As I mentioned previously……..those who look for external influences will be completely disappointed……….
pharmajiles
15 Jul 2015
Re: Record production figures 'What the company cannot manipulate is iodine prices and one can only hope that IOF can continue to cut costs and generate enough cash until the price improves.'---------- ---------- ---------- ---------- ---------- ---------- ---The iodine price is unlikely to improve for a long long time.You can't assess the price by demand……..in fact, demand and asset prices are often inversely related.There was once a poster who 'researched' this 'company' inside-out. He knew everything there was to know 'fundamentally' about the company.Guess what ?He didn't have a clue about the SP
Gooffy
14 Jul 2015
Re: EBITDA postive! Hmmm when I read EBITDA positive it was profit after all expenses.Any accountants out there.
Tentative Predator
14 Jul 2015
Re: EBITDA postive! Came back for a look at the update. Sorry, you won't like my comments, I apologise but I'm not trying to deramp (I wouldn't be buying even at 1p without clarity on refinancing). Here's comments on various points raised over the last few posts.1. Iodine prices: This has continued to decrease but at a slower rate and appears to be stabilising. At the current levels IOF can be profitable but only with mimimal capital investment, which is a serious problem for a chemical production company and won't provide sufficient income to repay the loan in 2 years (so refinancing is essential).2. Takeover possibilities: What is the reason for competition to take over IOF? There is no overlap with any other company globally, so no synergies or efficiencies to be made. So the only reason would be because IOF is undervalued. I can't see why it is at the moment, though you can make a case by combining production, intellectual property, potential water rights and mineral rights of lands owned. Good luck, it's possible.3. Water rights and drop in value: The water rights have been hyped for years and years as worth as much as the Iodine production was at a lot higher prices than now, hence the drop in value from that being denied.4. Other producers cost of production: It's not reasonable that the entire industry is selling at a loss. True, that does happen occasionally for short periods, but only for highly volatile prices not prices that consistently trend. Other producers are obviously able to produce at lower cost than has been rumoured, or they'd be going bust (and yes, a couple of very small ones have, but no big ones).5. Demand: Demand for iodine is to grow, that is correct. Long term that favours IOF.6. Production figures: biotech billy is spot on "with today's announcement of record production figures, the company is being run much better than hitherto". Well done IOF, this is the biggest factor in suggesting the company can pull itself out of the current hole it's in.7. EBITDA positive: This isn't even the first time they've been EBITDA positive. I forecast a FY EBITDA positive - see my last post [link] that doesn't help much, EBITDA positive is likely to be net cash negative (I'd best explain with the figures from my FY forecast: $4m gross profit -$3.1m admin is $0.9m EBITDA positive. But add -$1.4m interest and -$2m capex leaves it significantly cashflow negative).8. Cash: As I said, cash is all that matters here for now. Not including a net cash position in the H1 update (the company always knows that figure so not including it in any update is deliberate) is a serious worry, it implies that the cash position is worse than forecast.
PhatStyle
14 Jul 2015
Turning Point 35p soon Good Luck to all those that hold, I am not in this but like good news for fellow PI's
Gooffy
14 Jul 2015
EBITDA postive! So even with low prices we are now making money.Turning point?
biotech billy
14 Jul 2015
Record production figures There is no doubt that with today's announcement of record production figures,the company is being run much better than hitherto. The over expansion a couple of years ago nearly brought the company to its knees. Now the policy is one of maximising efficiency from its assets and this is clearly working.What the company cannot manipulate is iodine prices and one can only hope that IOF can continue to cut costs and generate enough cash until the price improves.BB
pharmajiles
08 Jul 2015
Re: Iodine prices 'I disagree with you on other suppliers don't matter, if they cut back then prices of iodine will rise.Demand for iodine is to grow so everntually the price of iodine will rise.'---------- ---------- ---------- ---------- ---------- ----It doesn't work like that Gooffy,Supply and demand doesn't drive asset prices……….something else does………You can't anticipate future prices by 'research' and 'logical reasoning'You'll find you'll get them wrong doing this at almost every turn.Thus is the way it has been with IOF………and with iodine prices……….
Gooffy
08 Jul 2015
Re: Iodine prices I disagree with you on other suppliers don't matter, if they cut back then prices of iodine will rise.Demand for iodine is to grow so everntually the price of iodine will rise.Still don't know then price of iodine, why do you mention oil if its to do with water supply then I can understand but havn't looked at that.
pharmajiles
03 Jul 2015
Re: Iodine prices Are you bored talking to yourself on here goofy ? I'll pass the time of day with you briefly.Shares mag tip ? That must rank amongst the biggest contra-indications possible……….always do the opposite to what financial mags suggest.This stock has been a classic punters mistake……….thinking that 'perceived' fundamentals will drive a SP higher. It's actually followed the chart almost perfectly.Iodine prices ? Do they really matter ?nonetheless……..look at all commodity prices………they are all going the same way in this deflationary environment. It really doesn't matter what other suppliers are doing.More telling for a stock like this is the price of oil.The chart is strongly indicating that it will be savaged over the next year or two………….the US fracking industry looks on 'borrowed time' already……….
Gooffy
02 Jul 2015
Iodine prices Anyone know what the trend is can't find the price anywhere.Shares mag recommended at well over a pound now 22pSurly if Iofina is struggling then the other suppliers must be producing at a loss which can't laast forever.
Gooffy
07 Jun 2015
Non Core - overdone? I can't understand why this has gone down so much as this is non core.I also can't understand how a professional shares mag can get this so utterly wrong this was well over a pound not long ago.Surely at this price its vulnerable?If Iofina are suffering with its low production costs how can the other iodine producers carry on.Any comments??
Gooffy
27 May 2015
Re: 2014 Results Plus if competition dont take iofina out then they are pretty dumb.
