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House of Commons Liaison Committee Today16 Sep '20
I have just been watching the 'Liaison Committee' on the Parliament TV network which took place this afternoon & in response to questions raised by Tobias Ellwood Chairman of the Defence Select Committee Boris Johnson was very enthusiastic about future shipbuilding that will take place in order to satisfy the current requirements of the MOD.Boris was clearly very enthusiastic about what this could do for the MOD & I saw this as a sign that he saw this as something to boost the UK economy.Watch this space. (For those wishing to look it comes right at the end of the meeting).
Loosegoose - I have just checked and the signifcant shareholders hold a total of 40.6%. I am not sure if any of them increased thier holdings. I am not sure if there is anywhere of getting a complete list of shareholdrs other than asking the company secretary or the company registrar.
Does anyone have any ideas about who took the billions of shares in the recent placing? There were a few RNSes about holding changes and I cannot get them to add to anywhere near the placement. It is even possible that so many new shareholders each took less than 3%. Was the same with a previous placement where 600m shares were basically missing from sight.
Tango1 In relation to your 11.59 post next Tuesday is only the conclusion of the Committee stage in the Commons of the Internal Market Bill. The Report Stage and Third Reading stages in the Commons still need to be done. Then the whole thing starts again with the same five stages in the Lords. If the lords make any amendents we then have a ping pong until we have a version that both houses agree on. It may be a couple of months before it finishes all its stages.
I can't help but think that all funding/Contracts/Permits are on hold until at least next Tuesday and the single market bill conclusion, The EU Club are putting a strangle hold on the UK, any state funding (currently) would be scrutinised by the EU Club, regardless of the handouts to Lufthansa and Airbus the EU have given. This I believe is one of the main reasons for buying Appledore. IMHO
JWs vision has always been multiple projects, which is definitely coming to fruition with H&W, FRSU, Gas Storage .. but still feels like the same two major elusive milestones are the only things that will really move the needle .. ML & FID .. a Global Pandemic definitely hasn’t helped but maybe emerging from it might
skin In relation to your 10.08 post I did email INFA to ask about an update this is the response I got
'Thank you for your email.
We normally issue a detailed trading update twice a year; once on the close of the half year on 31 January and the other at the time of announcement of the annual results on closing of the accounts at 31 July each year.
We are now in the process of completing our annual report which will contain a detailed trading update. An announcement on the annual results together with a trading update will be made as soon as they have been finalised and signed off by the auditors and the Board of Directors.'
So we have about two months to topup our holdings before the next update. I would expect the share price may have shaved a bit more from this point. Judging by the amount of work that appears to be going on at H + W the next two sets f results may make interesting reading.
In short thats the AIM market. People need news to stick around and in RNS lulls (get used to it with INFA!) the SP slides. There will be a little bit in the "next few weeks" JW comment on ML too...as time passes no news could get people to cash their chips and we are already in that window.
For anyone on Facebook, there's a group there called 'The Shipyard'.
There's some great pics posted there today from the guys working in H & W where they've stripped the shaft and hub from the Oceanex Connaigra. It's a 50 ton shaft and one heavy looking lump of metal that's been removed.
I thought this might be of interest to some folks here.
If there's someone else that's more tech savvy than me and can repost these photos here please feel free to do so.
Wattamess...not sure what you are getting at. I did not say I could predict 90% of trades just that I could tell of the direction from the historical flow on this site. As for wealthy, not really but comfortable. I have being trading PA, off and on for 40 years, having held companies throughout the world. If you can make money on 6 out of 10 investments, you will do well. Good luck to you and I wish you continued success.
lottie, no offence but i have trebled my trading account in the space of two years. that doesnt make me an expert. it is impossible to predict market movements for anyone you included. 90% of trades? you must be very wealthy. but even then no one could have predicted a pandemic and lehman brothers went bust, so not sure thats worth mentioning either is it? politics can play a crucial role in the direction of certain sectors/ shares but of course im not saying it will definitely happen. if there is real govt support then shipbuilding will flourish.
Cheers Lottie. You've quite a CV. It's always good to get an outlook from folks with experience in markets or an insight into INFA activities. Peeps like yourself and Daws are good to have have in the chat here.
I simply regurgitate what I read and being the optimist (that most AIM investors are), I'm always looking for the positives.
On the subject of positives and referring back to your post Lottie on pollution, propulsion and hull design, this is an article from 3 months ago on just that. Not linked to INFA, but being made in Belfast and in the same harbour as H & W. Who knows what the future holds with this.
I believe, from experience, I can tell the direction of about 90% of trades. I do not have a lot of AIM knowledge and have no intention of changing that. However, I started in the early 70s in Merchant Banking then onto stock exchange as a jobber...i finished my career with Merrill then Lehman brothers broking European shares to major institutions and government funds. As for the comments about shipping....i spent a lot of time in Athens during several Posidonia and had many big shipping companies as clients. Although 90% of goods have travelled by sea, either as finished article or component/commodity, it is the last bastion of huge pollution in transportation. If INFA is to be successful, new propulsion and hull design will be the biggest winner, not competing with the mostly bankrupt yards of Europe. These yards will keep margins for maintenence rock bottom.