UK 12:07 Saturday, 24 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
On 14th July 2015 AIM Casino dog Iofina (IOF) made its last announcement – the usual bag of shite trading update. Its shares closed the day at c22p. The shares are now 14.5p having fallen steadily over the past two months but aggressively of late. So when and what is the bad news?
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Centralnic (CNIC), DP Poland (DPP), Iofina (IOF)
Warren Buffett says that anyone who uses EBITDA is either trying to fool you or to fool themselves and that brings us to a comedy profits warning from POS AIM casino dog Iofina (IOF) issued first thing today. What clowns.
Iofina has gone from being one of the most promising companies in the small caps area, to one that seems to define how painful this part of the stock market can be.
Iofina (IOF) today served up a dog’s dinner of a trading statement and now promises regular update on its operational woes, oops I meant progress. Goody Goody. The shares are now 38p and my long term target price remains sod all.
The analysis of Iofina (IOF) by Numis Securities (a retained adviser to the AIM Cesspit posterboy) has been woeful. It became marginally less woeful on Friday but let me now explain a corporate hold.
Iofina (IOF) makes me think of the actor Richard Wilson, aka Victor Meldrew. Firstly it permanently has one foot in the grave. And secondly I just don't believe it! Its RNS statements are the biggest joke on the AIM Cesspit, a point I shall be making to AIM regulation and the FCA again this afternoon. As a reminder
Oh dear. To lose one main board director in a day is understandable but to lose two (and a non exec) in a day looks like carelessness. I refer to Iofina (IOF).
Iofina (IOF) has today served up a gushing set of results. Everything is up, all looks fabbo, there is no need to raise fresh capital to carry out its “core” business plan, and the directors are confident and say the company is a going concern. What complete and utter bollocks.
Back down from the Greek Mountain, my mind is deeply troubled by yesterday's events at Iofina (IOF) and I have fired off a couple of emails to my new best friends at the FCA and also to AIM regulation asking if they can assist. Meanwhile I have chatted to Lucian Miers and as a result set a (generous) target price of 10p – the shares are now 24.75p.
Oh dear, oh dear… I have warned you numerous times to sell shares in Iofina (IOF) because it was burning cash and set to run out this spring and today the company has finally fessed up and admitted that I was right all along. The shares have collapsed by 56% to just 24.5p. So Numis (who reckoned a month ago that the shares were worth 156p) how much do you pay the analyst who served up that crap? Give my cat his job instead!
Shares in Iofina (IOF) tanked yesterday on the back of a profits warning predicted just the day before by yours truly HERE. So guess who has now gone short and why?
