Iofina (IOF)

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Iofina IOF Logo

Specialists in the exploration and production of iodine and halogen based specialty chemical derivatives.

10-Oct-2017

Q3 2017 Market Update – Seems quite positive “a landmark period for Iofina – The Group produced more iodine than expected and began implementing management’s strategic expansion plans by starting the construction of IO#7, at a time when global iodine prices continue to recover”.

I don’t like the Net Debt here (almost 100% of Mkt Cap) or the fact it’s never made a Profit. I am sure there’s a business case here for those that understand the industry – I do not.

16-Nov-2017 – 14.88p – £19.0m – PER n/a

Market Update – A reassurance that a new structure project is on progress and that it expects to meet or exceed the upper end of its H2 2017 production forecasts (225 – 240 MT).

It sounds like an interesting enough company. However, it’s still loss making and it’s got Net Debt of almost 100% of it’s Mkt Cap – I just can’t bring myself to consider investing in this at present.

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