Iofina blames sales delays for profit warning
17th Dec 2013 11:04
Iodine explorer and producer Iofina blamed sales delays for a profit warning, hitting its shares by nearly a quarter. Iofina said 2013 revenue and underlying pre-tax earnings were likely to be similar to 2012 after expected 2013 shipments from its chemical division were delayed into 2014. Iodine p
Read moreIofina hits production record as third plant begins production
20th Nov 2013 12:44
Iofina has announced its third production plant, IO#3 in Oklahoma, has begun producing iodine after its recent regulatory approval, although construction delays hit its fourth and fifth plants The AIM-listed company also announced that it had recently set a new monthly production record in October
Read moreIofina to open new iodine plant next week
9th Oct 2013 10:58
Iodine explorer and producer Iofina is to commission a new production plant next week with full scale production starting shortly after. The US group, which has iodine production operations in Texas, California, Montana, Oklahoma and Wyoming, said its IO#3 plant was nearing completion and would add
Read moreIofina gains on strongest first half in group history
25th Sep 2013 09:54
Iofina's shares surged after reporting the "strongest first half in group history" on Wednesday as the explorer and producer of iodine achieved record revenues. Revenue in the first six months came to $11.55m, up 51% on the prior year's $7.6m, driven by the strong performance of Iofina Chemical pro
Read moreIofina boss steps down on health grounds
12th Jun 2013 14:03
AIM-listed speciality chemical derivatives company Iofina has reported that Chief Executive Officer and Company Secretary Lance Baller has resigned from the company on health grounds. The group said that it had accepted his resignation with regret and, as a result, the resolution to re-elect him as
Read moreTuesday broker round-up UPDATE
7th May 2013 07:18
Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight. Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged. Investec ups target price from 138p to 160p and upgrades from hold to buy. Betfair Group: Numis
Read moreIofina amends freshwater marketing permit application
29th Apr 2013 09:21
AIM-listed Iofina, a specialist in the exploration and production of iodine, has amended its application for a permit to market freshwater in eastern Montana. In an update issued on Monday, the company said it had elected to amend its water permit application in an effort to expedite its plan to ma
Read moreIofina shares decline as CEO takes leave of absence
15th Apr 2013 08:35
Shares in Iofina, a specialist in the exploration and production of iodine and specialty chemical iodine derivatives, dropped nearly 10 per cent on Monday morning after the group announced its Chief Executive Officer, Secretary and President, is taking a leave of absence for health reasons. The di
Read moreIofina shares surge on Atlantic Water project update
28th Mar 2013 10:54
Iofina shares advanced Thursday as the iodine producer edged ahead on its Atlantis water project after submitting permit applications and securing depot and trucking facilities in Montana. The company said the Montana Department of Natural Resources & Conservation has received its application for
Read moreIofina advances following update on iodine-recovering technology
7th Mar 2013 11:38
Shares in AIM-listed chemical company Iofina lifted on Thursday after the company published an operational update showing it had been able to recover high percentages of iodine from iodine rich brine streams using its specialist technology IOsorb. The company reported that its IOsorb iodine product
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreFriday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
Read moreIofina Resources appoints new chief operating officer
4th Dec 2012 08:44
Iofina Resources, a subsidiary of the North American specialist in iodine production and exploration, Iofina, has appointed Joseph Duffy as Chief Operating Officer. The role has been newly created and Duffy's appointmnt is with immediate effect. Duffy has an MBA in finance and accounting and holds
Read moreSmall caps: Iofina, WYG, Akers Biosciences
17th Sep 2012 07:34
WYG, a management and technical consultancy to the built and natural environment, says it will report a small operating profit in the first six months of the current year. The group is also poised to buy all three of WYG Ireland's subsidiaries in Northern Ireland, securing the jobs of around 90 empl
Read moreSmall caps round-up: Orchid, Iofina, Phytopharm
16th Aug 2012 16:02
Cash is extremely tight at the Bulgaria focused property company Orchid Developments Group, especially after a recent planned sale asset failed to go ahead for reasons beyond the control of Orchid. The firm has warned that it 'cannot be certain that it can continue to operate with the full support o
Read more