Infinis was never really likely to have the same massive uplift as RMG as there wasn't the same amount of rabble-rousing media coverage prior to the IPO. So I don't think we have to worry about the "lack" of huge uptake just yet. I think that until Infi has published the results of the first full quarter as a publicly traded business there won't be much interest. I think the market has a long memory and the fact that Infi is a Guy Hands/Terra Firma creation is a bit of a put off for some (for a lot?) after the problems with EMI. It's a case of "only as good as your last job". Another thing is that currently there seem to be no brokerages covering Infi, again probably down to a lack of financial results as a public company. Once the brokers start covering Infi there'll be interest from the investment houses and pension companies as they (are sheep who follow the herd)...err.. will have opinions that they can follow. So Infi needs to have at least a set of results for the first quarter, and probably a whole year as a public before there'll be real "trust" in it as a business, I think. One big thing that could possibly spell "game over" for Infi for the near to mid-term is the talk about fracking in the North West. Apparently the UK is sitting on potentially the largest deposits of shale gas in the western hemisphere and if the hurdles to getting that out the ground are crossed then that'd mean huge amounts of cheap, readily available energy in a form that is already known and used could come online. Who would need wind power and landfill gas generators then? Of course, the hurdles in place are huge, public opinion, environmental concerns, practical logistics and the rest. As the SP is no longer bouncing back to 260 I guess that means the price stability fund has finished, or been stopped so we are now walking the tightrope without a net. One thing to keep an eye on is that the clock is ticking for the UK energy market. More and more conventional power generators are going offline and there are very few replacements currently lined up to take their place. even then those that are likely to happen won't be in full production for upto ten years. That one big potential gap to fill in a world where energy usage is only increasing. As such, Infi "could" play a major role in plugging the gap in the market, at least until the conventional energy companies can make new capacity available. We "could" be at the start of something huge here, only time can tell. Just keep your eyes on what the news brings and be prepared to move quick, one way or another, if you feel the need to. Best wishes and good luck everyone.
I agree I don’t see any significant movement until the RNS on Friday and that will test the market. I’m still of the opinion they wouldn’t have taken the step of announcing they were going to issue the results on Friday if a) they didn’t want the sp to slip too much and b) they weren’t happy with the results. I still see this as a hold and possibly a weak buy sub 260 for steady but limited growth with excellent dividends, but as always DYOR.
Agreed, but note these are not MMs. Strong support nonetheless at the 256p level. This 100,000 position has sat there since market open so it is unlikely to be filled. We won't see a price rise while so many small investor trades are listed. These need to be flushed through. We are very safe holding INFI. There won't be a drop but no rise either. Not until Friday's results.
Regarding your comment about MMs, I should point out the the current best Buy/Ask prices (258.00 & 259.50) are not MM prices at all. They are small investors selling their holdings. Lots of these auto trades are being processed. The MMs prices are 256.00 & 261.00. Also the MMs are offering small price improvements to brokers. If they didn't do this they wouldn't make any money, as the auto trades of the small investors are cheaper. Yes, that's right. The small investors are selling too cheap! Stupid really!
I have access to a live Level 2 screen and although I'm seeing is strong support at 258p, on the Ask there's a long list of small positions. These are individual IPO investors lining up to sell.
Daft really. Maybe they need the money before Xmas. Maybe then they should never have invested. They are merely punters who had hoped for a RMG type price surge. That hasn't happened, so they sell up and move on to the next share.
Company results RNS is due this Friday. Also, this company pays a good divi. I don't expect the share price to recover until Friday's results and/or until these small punters are flushed out.
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