UK 14:21 Saturday, 24 October 2026
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Yesterday I suggested that Iofina (IOF) of which I have been a long term bear was deep in the merde, running out of cash, needing a placing and set to issue a profits warning. Well I guess that is another victory for home team Winnifrith vs. the Bulletin Board Morons as the company has not wasted time with its first warning. Gotcha!
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Comments
wildrides
I think 30p is very generous of you in the circumstances
Tom Winnifrith
Wildes
As everyone knows I am a very generous and understated man.
T
monts
No such problems with cash Tom. Admittedly the delaying of further plant builds announced this morning indicates that cash was a concern but this decision allows Iofina to concentrate on increasing iodine production with the existing IO1,2 & 3 and IO4,5 and 6 soon to become operational. It bodes well imo and is a prudent decision.
Taken from todays Numis update:
“” Iofina’s balance sheet remains robust with sufficient headroom to support the group’s operational and capital needs in 2014.”
Tom Winnifrith
Numis ( paid broker to Iofina) is just talking rubbish. Given the slump in Iodine prices which will force a Q1 profits warning the cash position is simply dire. Anyone ( apart from Numis it seems) can do the maths.
Of course the Numis research is truly piss poor in that while it is abundantly clear that forecasts will be slashed its target price remains unch. Surely a TP is based on a DCF valuation or some metric based on cashflow/Profits. If they are coming down how can Numis insist the TP is unchanged?
My cat could do better than this
T
Monts
Well the great bear should have learnt the actual saying:
“Never kick a man when he is down….he might get up!”
How’s that short opened at 56p going??
Now even Ennismore are reducing their short. Hope the fat evil one isn’t left carrying the baby!
Edit
Tom, why are you deleting my comments?