Iofina Profits Warning – Red Flags all over the shop – Shocker

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

You can read that piece here.

Red flags abound in today's statement.

1.Today we hear that Iodine prices fell in 2013. So why the bloody hell were we not told about this more explicitly before. The company announces operational updates on bring a new facility onstream every other week but surely this is critical information? Whoever does this company’s PR should be publically hung drawn and quartered. As it happens the company’s PR man is Dominic Barretto who is a prize shit so his public execution would make the City a better place all round.  But my point is that a company that communicates information in a quite dreadful way, I really do not believe it anymore.

Read the full article