When it is described as a "corporate update". That is how Iofina's (IOF) prize piece of excrement PR person Dominic Barretto headlined yesterday's profits warning. It looked so tame why bother reading? But it was a warning and Barretto being a total wanker deliberately did not add in any hard numbers. You see he views investors with contempt. His job is to polish a turd not to inform. And boy is Iofina a turd.
Iofina (IOF) has today served up a Q3 trading statement. What it says is fine enough. But what matters is what it does not say. Since there is no point in hiding good news one can only assume the worst. The ,market certainly does and it is right to do so. The shares are off by 15% at 10.75p-11p. Fair value is closer to zero.
AIM Rule 11 states that listed companies must notify investors via an RNS of material developments. But it seems that cash munching, drowning in debt, piece of Turkish Iofina (IOF) does not think the rules apply to it. No doubt it is aware that the Oxymorons at AIM Regulation won't enforce anything so it has opted NOT to tell you about a US legal setback on Monday.
A year end trading statement is meant to allow investors to make a rational decision on whether to buy hold or sell the shares. A statement such as that served up by Iofina (IOF) today fails to do that. If a company fails to announce critical metrics it is - 99.99% of the time - because those metrics are dire. And that is the truth behind today's turd polishing from this AIM listed POS.
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares in Globo (GBO), Iofina (IOF), Zanaga Iron Ore (ZIOC) and set share price targets for all three stocks
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 [email protected] - 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?
Heck it is on twitter so it must be true. Apparently following an exchange of comments about Tom’s piece earlier today on POS stock Iofina (HERE) the headhunters have been instructed to approach Oakley (pictured below).
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!
While most shares are making steady progress, the share price of Iofina (IOF) continues to drift and at 59p it is at its lowest since December 2012. Is something wrong? Almost certainly the answer is yes but since its dickhead of a PR man refuses to speak to me I cannot put the question to it directly, I just assume that bad news is on the way.
The share tips of the year for 2014 from HotStockRockets is delayed until tomorrow – instead, the Bard of the Boleyn, infamous short seller Lucian Miers has returned from Scotland and has revealed exclusively to his Nifty Fifty colleague Tom Winnifrith his FIVE tips of the year to short, to sell as he predicts disaster ahead. Lucian’s joint third tips as a bear are Globo (GBO), Iofina (IOF) and Cupid (CUP).
I have never liked Iofina (IOF) and so today’s shocking profits warning brings some sort of grim satisfaction having published a very bearish piece at 150p back in June
Although it is very often the case that the biggest moves on stocks and markets are only revealed as being “obvious” after the event, in the case of Iofina (IOF) the “long goodbye” since the start of the summer was one that many in the market would have felt was on its way.
It really has been a year of two halves as far as shares of Iofina (IOF) have been concerned. As we go into 2014 it is the bears that are in the ascendant.
There is good news and bad news as far as the daily chart configuration of Iofina (IOF) is concerned.
Iofina (IOF) has been perhaps only second to Quindell Portfoliio (QPP) in terms of delivering a most painful journey for 2013. But after the mega wobble in June the shares have now settled down. It is no longer a white knuckle ride.
It has been a rollercoaster ride for Iofina (IOF) a company which, I think, is something to do with Iodine and water extraction although the science is a bit beyond me. It served up an operational update earlier this week which I also failed to understand. The shares are now 174p.
I met Iofina (IOF) years ago and resisted the urge to tip the AIM listed shares. That was clearly a ghastly mistake as it has – until recently prospered, in share price terms, from building facilities to “mine” iodine. On Monday its shares slumped by 40% at one point. The company said that there was no reason for that and they then rallied strongly. I suspect that this is a highly margined stock and that a small initial fall triggered stop losses with spreadbetters which then became a vicious circle. But at 161p with a £205 million market cap would I be happy to own this AIM listed stock?
Iodine producer Iofina has apparently gone from being more popular than the Hula Hoop to being on a par with the Sinclair C5, at least in share price terms. The issue now is whether the stock can regain previous glories above 250p?
The fact that and extremely negative looking April reversal set up on the daily chart of Iofina only proved to be a dip to buy into, still backs the buy argument at the iodine explorer. It also suggests that the resolution of any consolidation in recent weeks is likely to be a very constructive one.
After pulling the rug from under the bulls in mid-April following the departure of the CEO for health reasons, and giving hope to bears of the stock that everything was about to turn pear shaped, shares of iodine specialist Iofina gapped back to the upside at the start of May.
When the man who is in my opinion the best fund manager in London, Giles Hargreave of Marlborough Special Situations said in an IC Video on Monday that Iofina is one of his favourite stocks, it could be argued that anyone thinking of going short here might have had to think again.
It would appear that for differing reasons both Miers and Mir see downside at Iofina today.
Amid the slow motion train wreck that is the AIM market, one stock has certainly bucked the trend. Since raising money at 37.5p less than a year ago Iofina PLC (IOF) has seen its share price rocket to 232p before settling back at today’s 190p. T
While it is perfectly understandable that the share price of iodine exploration and production group Iofina (IOF) wobbled last week on the announcement of the CEO’s departure due to health issues, at least from a technical perspective in terms of the price action since it is possible to put a positive spin on a downbeat development.
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