We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I'm not an experienced investor but thinking about buying in here. Can anyone clarify me this 1 for 6 offer. I'm reading it as, if I buy in by close of business today at current share price (say 31p) then I will be eligible for 1 extra share for every 6 I hold by the end of the month so 16% increase on my holding for free if the share price continues to stay at the same price going forward . If it falls by 16% I get into loss territory and if it rises then skies the limit.
From what I'm reading it seems to be a boom or bust company. Last accounts for July 2020 to me read as 45 million pounds of assets and 20 million liabilities. Some are saying this company is going bust and others are saying it's the start of a profit making organization. What to do :)
Any thoughts guys?
BlairPeach,
I am not the one who has previously bought and held on. and ben severely diluted
...you appear to be very critical of Directors etc and yet you dont appear to have done anything about it....believing somehow that as a "shareholder" you somehow have some place higher up the hierarchy than other stakeholders or indeed the lenders/City who decide to fund the business ..
When you acquire assets "cheap" it is inevitable that you will need to invest in them...
The placing today and the investment going into the Saipem contract "suggests" to me that there will be more contracts coming from them as a result of the investment.....the contract needs working capital....these kinds of contracts always do...
SAGA had its 2 cruise ships built at the Meyer Werft shipyard in Papenburg, Germany....the idea that ships have to be built in Vietnam to be profitable is mis-placed
Cashflow positive within line of sight, this year in fact. If the ML is delivered concurrent to major contract awards sub £1 could be history. My hope is that the new HnW apprentices of 2021 will develop into the supervisors and managers of the future.
Taking up full entitlement here.
You have 8 posts WimH so no one believes you're a genuine investor, just another fake account (using a celebrity name no less - Wim Hoff is it?) filtered, into the green trash can you go, please no one else reply to this moron. The long term holders here are unconcerned by this. Those of you who have a brain cell and the ability to do basic reading will have realised the latest RNS suggests the company will be CASH BREAK-EVEN THIS YEAR. Don't feed trolls just filter them.
Pokerchips,
How delightfully naive!
Sorry not Loud enough...
SOLD THE REST OF MY SHARES AND GONE. DO NOT TRUST THIS BOARD.
This company will be bust within 6 months, IMHO. Do your own research, but taking huge bonuses from a company still reliant on share placings for cash flow, suggests to me that the board have no belief in their strategy.
Sold the rest of my shares and gone. Do not trust this board
"Do not trust this board"
You cannot fully trust any board that is dependent on financing....they become mere servants of the City, who decide their destiny...and at what price ...
They do their best to push the expectation of revenues in the hope of keeping the share price higher, but know the inevitable need for funding puts the price firmly in the hands of the City to decide .... and without placing and funding..there is no future and shareholders are doomed anyway...
it is the same anywhere unfortunately
Sold the rest of my shares and gone. Do not trust this board
" 1 new Ordinary Share for every 6 Existing Ordinary Shares held "..
isn't a great offer ...so best make the most of buying in the open market during the time when the chance is there .... to avoid post placing dilution effect ..IMO
My real bug bear with this is the huge seller(s) over last two months, even when good news was released. It smacks of building a large short position into this issue. I guess I should not be surprised. The extent of the selling was such that this issue will fly. I don't want to be seen as sticking my head I the sand, ignoring the deplorable abuse by management considering remuneration but this issue was always on the cards when so few ships were docking for bread and butter cash flow work. We only have ourselves to blame in viewing through rose tinted glasses. Once out of the way, I believe the supply demand curve will alter dramatically, for a time at least, with a move back to 38p. If the LOI fails or ML not granted or worse still, both...by July this thing could go bust.
Exactly lths rewards load up!!!
Afternoon Razor and Poker
I see this as a £4 in due course. it won't come overnight so in the bottom drawer for a while. Buy low sell higher average down and repeat until the investment is a free one.
Nice lift all round today with commodities, oil and travel.
Take care all.
This isn't really bad news for long term holders, they expect cash break-even by the end of this year. They're expecting an almost 2 billion pipeline of work in the coming years. I'm more than happy to wait. And the ML is due soon, that should help also. I'm glad they've decided to offer shares to existing holders, and not to some giant stupid company who won't hold on to them for 5 seconds before spending months offloading them, suppressing the SP for a year or 2 (currently experiencing this with BMN).
So it's all going swimmingly from what I can see.
You are never going to get an accelerated book-build at a decent price....it wont get off the ground unless the price is a of good tempting value....
"We are delighted to have entered into this contract with Saipem and I believe that this contract paves the way for the execution and delivery of future fabrication contracts, a significant number of which are currently in advanced negotiations. "
so..you have to see the investment now in the Saipem contract isn't just for a one off contract but more to come.....
so...bad news now..better news later ...one has to look at it that way .. IMO
Once the book build is done, INFA will have the working capital to progress plans for growth. If says in 3 months the price is over 52.6p (my last sale) wil anyone worry.
At least we know the SP for the next month or so.
As shareholders we want the BoD to succeed at we are looking for gains (presumably). The remuneration is what it is and is part of the cost of getting there.
Will soon be forgotten when this takes off, it was always a risky investment.
Anyone not happy is free to sell and offset against other gains. Just do not complain as none forced you to put your money in.
That takes the cash raise to £26M and we have a single contract worth £26M...!!!Mmm
Just seen this https://www.linkedin.com/feed/update/urn:li:activity:6795287103283585024/ I am not sure what a Sales CRM Coordinator does.
RNS 16th April :
" The Saipem contract value is circa £26million, is binding and contains contractual conditions and obligations on both parties, which are standard in contracts of this type."
so....they left it to the shareholder to read between the lines to "see" that they would need a cash collateral but didn't see it fit to fully say so at the time...even though they obviously knew it
RNS 04th May :
"As a condition of the Sapiem contract, Infrastrata is required to put in place a £4m performance bond as cash collateral, which is a common condition for contracts of this nature."
Blimey...so that Saipem was an obvious sell out spike to some .... you have really got to be on your toes..jeez...
Glad I waited... it will certainly be a big dilution if anyone does not buy into it.... although..it would probably mean owning a smaller part of a bigger company instead of a larger part of a smaller one , as of now .....
"...the Directors anticipate that the Group will be cash break-even by end of 2021 on an annualised basis. "
well..something to take away ...
inevitable that funding is needed.... but a bit underhanded not giving those full details with the Saipem deal announcement
So if we have this placing for the 26 million contract what placing for the 350 million contract..like i suggested the gas cavern project will likely be the funder for infa going forward.30p is obviously for the lucky few that exited at 50p knowing that the placing would come .very shabby indeed and for JW to take his we'd be out of the coffers before the company actually turns a profit is equally poor.
I'm out, been holding since 2016. No more. Complete **** take.
Terrible price for the placing and feel sorry for shareholders.
I read the annual report recently and was put off investing here as the company looks very undercapitalised considering overheads and likely contract expenses. Also the CEO and CFO being paid £2million between them was a big red flag.
I have been an investor in Infra for the last 5 years and have lived through the highs and low's of this share.
But I have finally lost my patience with it.