Iofina says first-half production will be above market expectations
16th Jun 2015 13:02
Iodine producer Iofina said its production target for the first half of the year will be ahead of expectations. The company raised its target to 260 metric tonnes of crystalline iodine from 220-260 metric tonnes. Chief executive Tom Becker said: "We are pleased that our focused operations in our co
Read moreIofina subsidiary has Montana water project permit denied
5th Jun 2015 11:05
Iofina shareholders were on Friday disappointed by the news the company's wholly-owned subsidiary had the preliminary permit on its Water Depot project in Montana denied. Atlantis Water Solutions faced objection to the permit from Montana's Department of Natural Resources and Conservation. "The com
Read moreIofina on track to meet first half production target
15th Apr 2015 16:12
Iodine producer Iofina said it produced a record amount of the element last month and was on target to meet its target for the first half of the year. In a statement released on Wednesday, the group said its output in the first quarter reached a record 127.9 tonnes, compared with the 47 tonnes it pr
Read moreTuesday broker round-up UPDATE
30th Sep 2014 09:50
Aberdeen: Goldman Sachs ups target price from 540p to 560pp retaining a buy recommendation. African Barrick Gold: Deutsche Bank moves target price from 270p to 280p and reiterates a hold recommendation. Investec lowers target price from 260p to 258p, while upgrading to buy. African Minerals: Invest
Read moreIofina profitable as production jumps in May
3rd Jun 2014 10:23
Iodine producer Iofina enjoyed better production than it expected in May, 86% higher than its previous months' production, and was profitable for the month. Chairman Lance Baller said the iodine market continued to be challenging, but the company was benefitting from its low level inventory levels
Read moreIofina tanks as fracking hits profits
23rd Apr 2014 09:22
Shares in Iodine producer Iofina fell by more than half in early trading after it warned that production will be significantly below market expectations as it is temporarily supplied with less brine water due to nearby drilling. The primary operator in Oklahoma who supplies Iofina with brine has be
Read moreWednesday broker round-up UPDATE
23rd Apr 2014 09:04
AB Foods: Numis upgrades from sell to reduce with a target price of 2240p. AstraZeneca: Citi raises target price from 3500p to 4900p and upgrades to buy. Fenner: Investec cuts target price from 375p to 360p and reiterates its sell recommendation. Genus: N+1 Singer upgrades to hold with a target p
Read moreIofina water project on the rocks after Montana denies permit
22nd Apr 2014 10:46
Shares in iodine producer Iofina fell sharply as the group revealed a new water distribution project was on the rocks. The AIM-listed company had applied to the Montana Department of Natural Resources & Conservation (DNRC) for a water permit in order to start up a 200,000-barrels-per-day industria
Read moreIofina completes iodine plant but delays others
27th Mar 2014 15:31
Iodine producer Iofina has completed its latest iodine extraction plant in the US, but it said construction of more plants would be delayed. Iofina, which produces iodine in Texas, Montana and Oklahoma, said it had finished building its IO#5 plant and was awaiting final regulatory approval. The gr
Read moreIofina Chairman to step down on March 31st
20th Mar 2014 09:42
Iodine producer Iofina announced on Thursday the resignation of its Chairman effective March 31st. In parallel, the company welcomed on board a new Non-Executive Director, William Delaney Bellamy. The new director is a senior vice president at engineering and construction firm CH2M Hill, one of t
Read moreIofina shares fall on lower production
29th Jan 2014 15:37
Iodine producer Iofina has reported production disruption at one of its plants, hitting its shares. Iofina, which produces iodine in Texas, Montana and Oklahoma in the US, said fracking and drilling activity had affected incoming brine volumes to its IO#3 plant. The company said it was working wit
Read moreWednesday broker round-up UPDATE
22nd Jan 2014 08:33
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 180p to 190p and keeps a hold recommendation. RBC Capital takes target price from 220p to 250p and maintains an outperform rating. JP Morgan ups target
Read moreLondon close: Stocks pull back as investors await Fed decision
17th Dec 2013 16:36
- US inflation data in focus ahead of Fed meeting - UK inflation falls, Eurozone inflation picks up - Supermarket fall on competition from discounters - Car insurance is too high, claims Competition Commission techMARK 2,684.75 -0.05% FTSE 100 6,486.19 -0.55% FTSE 250 15,348.56 -0.23% UK markets p
Read moreIofina Chairman shows confidence after profit warning
17th Dec 2013 16:16
Proving his confidence in the business on the day it published a profit warning, Iofina Chairman Chris Fay splashed the cash in two separate share purchases. Fay first bought £50,000 worth at 101p in the morning after the shares plummeted from Monday's 132.25p closing price. Later in the day he f
Read moreLondon midday: Markets pull back as investors prepare for Fed meeting
17th Dec 2013 11:24
- US inflation in focus ahead of Fed meeting - German sentiment rises; UK inflation eases - S&P downgrades RSA, Fitch lowers outlook - Cable & Wireless Comms gains on bid speculation techMARK 2,690.49 +0.16% FTSE 100 6,499.13 -0.35% FTSE 250 15,419.43 +0.23% Markets across Europe were trading in t
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