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Investor Update: Iofina PLC on track to deliver record annual iodine output

Headlines from the Proactive UK newsroom.

Things continue to move in  Iofina’s (LON:IOF) favour . Iodine prices have continued to strengthen while output reached a record of 454MT of crystalline iodine in the nine months to 30 September 2019.

Remote Monitored Systems (LON:RMS) has signed a pilot project contract with Clarke Energy, one of the UK’s leading suppliers of power generation equipment. Clarke Energy will trial RMS’s kit on its generators to monitor shaft alignment.

Bacanora Lithium (LON:BCN) has received the final instalment of a strategic investment from Chinese group Ganfeng.  The investment comprised £22mln , with the Chinese firm taking a  29.99% equity interest and a 22.5% stake in the Sonora project in Mexico.

Energean Oil and Gas (LON:ENOG) is to sell the North Sea portion of assets of Edison E&P for $250mln cash even before it has taken control. The Israeli group agreed to buy Edison E&P for US$750mln in July, but its focus is the Eastern Med.

PCG Entertainment PLC (LON:PCGE) shareholders are to be given preferential rights to participate in the planned flotation of VOX Markets. VOX pulled out of the planned merger with PCG last week and VOX has granted the preferential rights in return for PCG dropping any claims it may have had against VOX for kyboshing the planned deal.

Thoma Bravo is to splash out US$3.8bn in acquiring cyber security group Sophos. The private equity firm is paying 583p per share for Sophos , a 37% premium to the price on Friday.

Labour's plans to re-nationalise Britain’s water, energy and mail services would cost just short of £200bn according to the CBI. That is the equivalent of one year’s income tax for the whole country.

Quick facts: Iofina PLC

Price: 13.015 GBX

Market: LSE
Market Cap: £24.97 m


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Morning Report: Iofina expecting record year-end production

Headlines from the Proactive UK newsroom. Iofina (LON:IOF) expects the iodine price will continue to rise in 2020 after a 20% rise in 2019. Production of iodine over the year will also likely be a record said the extraction specialist with a fifth plant expected to come onstream in Oklahoma...

on 20/12/19

2 min read