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Hi Speedy
It's very true to say there has been some absence of lth comments, myself included. For me I was letting the dust settle and gathering my thoughts. I am deeply concerned about the future requirements to hold similar, sizeable, performance bonds. Like tango asks...how much are these going to be for the 100 mill plus contracts?? It's something I have sought clarification on. I fear infa will be a success but completely at the expense of us PI"s. JW needs to explain if this type of placing is required on all major contracts going forward and why we should be putting more money into the open offer. Speedy, it's a n utter shame you are jumping ship, I have gained much from your research and enjoyed your debates with the nimby's on twitter. Good luck and all the best, Jabido
I completely understand these feelings.
I'm assuming that the Board were banking on some bigger news to have driven the SP higher by the next raise, I was certainly hoping it'd have been on something 60p+ rather than where we are.
Perhaps foresight would have meant they'd gone for enough on the last round given how over-subscribed that was.
Suspect it'll be successful but will add to sales pressure over the next few months and therefore restrain growth.
Fingers crossed for a positive ML decision sometime by the autumn and good news on the LOI in July.
Cheers
TheEast
Tango I recently made a significant top up to my SIPP after recent contract news (my decision my risk). Like you i’m holding but ****ed off.
Bubble2021- I Really hope I am surprised, but if they needed £4m for a £26M contract how much do they need for a £200m contract? Still going to hold but not holding back my anger at the recent discount to the SP.
You maybe surprised Tango
Razorshultz. Thanks for your investment advice. Perhaps I lack your large financial reserves in order to speculate as you do. You might see things more like I have come to by removing your rose coloured specs? Good luck either way...
Agreed Tony. You, WimH and I accepted the multi-bag or bust opportunity of IM. JW came aboard, invested his own money and it all looked good to go. Oh how the situation has changed and become so complicated. I notice now a lot of new city boys on the forum.......who do they represent with their murky presence? The promise (jam) of reward gets larger and more varied now, but the SP is sinking faster than the anchors we have not even been contracted to make. I've decided to jump ship with what little remains rather than sink with the ship slowly and painfully. GLA!
Bubble. Thanks for your kind words. Hope infa turns out better for you and all the other diehards deciding to remain here. Good luck folks.
It's interesting that some notable LTHs have not yet chimed in their reactions to today's news........
All well and good to buy these sites with other peoples money, just the only contract of note since i bought into this company over 3 years ago, is one that was already lined up with the previous owners.
These cruise liner yardstays barely seem to cover costs.
Several years ago it was a multi-bag or Bust, now it's a case of staying in to get ones money back for many people or bust.
Totally correct Lottie, I was averse to explaining this one as anyone indulging in equities should do their own research.
Should good news land between tomorrow and 1100 on 21-05 we could see some very strange numbers appearing in our accounts...
Please let me settle this once and for all. The ONLY date that matters is the EX date. In this case it is close of business today. If you bought or own shares by the close today, you have a RIGHT to the offer. The settlement date means absolutely nothing. Tomorrow morning the shares will be trading ex entitlement to the 1 for 6 offer at 30p. Withbthe offer, you can accept and pay for your allocation. Do nothing and forfeit the offer...or accept the alloted allocation and apply for any un-allocated shares from forfeiture.
Feel for you guys. Been there soooo many times over the years of holding infa. It sucks.
I really hope something good from the potential pipeline comes along soon to bolster to the sp.
GLA. Si.
Yes, Well done Sir TTNY --I recall that you were the first to accurately report the then imminent arrival of the P&O ferry last month and now something for Appledore. OK just another tiddler but hopefully you will be on the case when the "Big One " comes along soon .So refreshing to have a flow of positive news. I think that it has been well reported on this board for some time now that we needed a cash raise bearing in mind the paucity of use of the Building Dock,for example but the amount of the discounted price was rather breathtaking this morning .As others have said today we remain a tiddler in the scheme of things.
We bought H&W with a bear cupboard...snaffled Appledore with an extended payment schedule "stole " the Scottish yards after Sturgeon had messed up and blown a good deal. So all good credit perhaps to JW & Co for these acts of vision and alacrity but indeed a show of self confidence now ( assuming no closed period) by the BOD including Mr Chair with an investment would not go amiss.
And what's more ...who could bypass a 30p giveaway ??? Surely a no brainer when so much in the pipleine !!
"The bookbuild is expected to close on 4 May 2021. A further announcement will be made in due course"
Doesn't suggest the result will be known today, just that it will close on 4th May, likely an RNS tomorrow morning with the result.
My thoughts exactly, those things are usually done and dusted in a few hours!
Maybe if JW was putting his hand in his own pocket there might be a more enthusiastic response!
Just to add to my disappointment, A chairman's sole role is to oversee the BOD, The lack of his investment is noted and the agreement to the bonuses is noted but what is he actually doing regarding value for money etc? I predict an imminent resignation.
With the lack of a take up RNS I presume Cenkos has failed to convince the II's to give more bonus money!!! JW seems to be a clever guy but his stupidity proceeds him! AIMHO
Speedy,shame you've decided to leave now ,I can see the light at the end of the tunnel ,best of luck my friend stay safe and well
Pokerchips, I don't need to be on the record. That's an administration date for mailing allocation letters. By your argument you'd need to have bought on or before last Wednesday in order to be on the record and qualify for the open offer . That's not correct.
Did you read this clarificantion from Atlas Mara over their open offer, presumably when they were hassled by confused PIs?
https://markets.ft.com/data/announce/detail?dockey=1323-13325764-3F10R9RQPHKL9OI557N41BRCD0
Well done ThisTimeNextYeer - Good to see positive news.
" Pokerchips, I bought day. I saw the trades go through the market."
Poleaxe
yes...but what you have seen isn't the whole story...the entire process of the trade doesn't actually complete the moment you buy or sell ..even if the trade is recognised and published ....
It is like if I sell a house and someone buys it...the estate agent will say it is sold and pronounce the "trade" in their website ......but that doesn't mean the entire process has completed
I see an old ship is coming into Appledore for some works. It’s the 75 year old 38m x 7.5m 290 tonne steamship, ‘Freshspring’.
This aul fella will need more than a spit and bit of a polish i imagine. Links below :-
https://www.inyourarea.co.uk/news/steamship-freshspring-is-first-vessel-to-enjoy-appledores-newly-opened-shipyard/
https://ssfreshspring.co.uk/freshspring-goes-to-appledore-drydock/
Pokerchips, I bought day. I saw the trades go through the market.
All that matters to the vast majority of folk these days is the ex date. Back in the days of certificated shares a couple of times I sold between record date and ex-date and was required to return the allotment letters to my broker, in order that the entitlement could be forwarded to the buyer. It's spelt out on the documents you receive.
With dividends the ex-date is usually a Thursday and the record date a the Friday. That's a convenience for T+2 settlement and means there isn't the hassle of market claims. I'm sure it would be more convenient if open offers and rights issues were done the same way, with the record date the date after the ex date, but this would disadvantage certificate holders who wouldn't receive their allotment letters through the post in time for the ex date.
For most investors this is probably just a geeky technicality but as a trader it's important to understand the significance of ex dates (and the insignificance of record dates).
Poleaxe,
I guess it is all down to how you define " ex-entitlement "
I personally do think you are not agreeing on what "ex-entitlement" actually means ..which is fine..each to their own ideas..
I think it means the date by which you have to fulfil all the requirements for obtaining the offer
If you buy today..you will not have fulfilled all the requirements ....you wont be on the record for a start....
All you have done is agreed to buy the shares and maybe your broker has taken payment for them , but the process of putting you on the record hasn't completed yet ..and by the time it does..it will be too late
If they only commence trading ex-entitlement from tomorrow how does it not follow they traded cum-entitlement today?
FWIW I bought a few shares today in my nominee account. I fully expect to be able to particpate in the open offer, not that it's very attractive at this level.