The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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More shipbuilding contracts to build clean efficient ships Stokey,just noticed 1 trade ,my theory only but maybe news soon let's see.
It is being reported that shipping will be bought within the Climate Change Target. I wonder what effect this will have on shipbuilding.
Hope they do stokey
Just seen this on the UK Defence Journal twitter feed https://twitter.com/UKDefJournal/status/1384098875615502350 glad to see they agree with me.
The acquisitions in a normal fully open market would have cost a lot more, we Had to man these places so was going to cost, but it has been kept to the minimum, and most of us on here has seen little in the yards for a couple of months so could not expect anything more in the results. Now the country is virtually fully open it is going to be totally different and contracts coming in on a weekly basis, along with JW committing to quarterly updates, he is obviously rightly confident. AIMHO
I am a recent investor in Infa buying in at roughly the price of the recent share issue, namely just over 45p. I see the latest figures very positively as I am always very interested in turnover as a means of judging progress. How many companies have recently grown revenues x10 ? It's an amazing achievement in difficult times.
My other concern when investing is Marketcap, and again Infa with a marketcap of under £40 million is remarkable. There are plenty of quoted companies with hardly any revenues with marketcaps of much more (dare I mention SYME?).
I also feel that the recent acquisitions have been achieved at very reasonable and realistic prices. This is a very exciting long term investment IMHO
Totally agree
Reward more than risk imho now ,does it state in rns that they need to raise funds ??
.... than those that cannot see.
IMO the progress of the company under JW has been mightily impressive up to now - most particularly in building a fabrication & ship maintenance business with a range of operational assets unrivalled in the UK & standing well within the upper echelons of the European league.
Rome was not built in a day but the foundation stones have been well laid & every month that passes the walls get higher.
The potential here is enormous. Of course this will not be fully realized without further financing and in this regard I personally would be tempted by that neglected instrument, the Convertible Preference. Once common but now rarely seen.
Also, as the company grows, the company's assets [already having a replacement value many times greater than Infras market cap] will be seen to have a much greater tangible value and potential for secured borrowing.
"Please lock me away" as that pop duo of the 1960's famously crooned.
Morning All,
Overall...
Margins- good
Revenue- sluggish
Loss- expected
Credit raise- not mentioned here but we may be close to needing an injection of funds to maintain a healthy balance sheet.
Going forwards- hopefully we'll see an uptick in numbers, and broader range, of ships in Dock over the coming months with an increase in contract value. More wind contracts, possible news on the Triumph ships over the summer, real tenders for new UK domestic vessels at Appledore, and always lurking in the background is a real possibility of MOD work.
ML- still waiting game. Trying not to think too much about it but overall balance still thinking it should fall positively.
Overall- still extremely positive albeit still risky, but very much looking forward to seeing how the next 6 months develop.
Cheers
TheEast
Stokey second half of this looks interesting imho,plus gas project must be close to agreement imho
Bubble2021 In relation to your 07.17 post while I agree that prospects are looking good for H2 I would not call the results excellent. Of particular note which is comforting is the increase in the gross margin which was reflected in the operating profit being higher than in the previous period. If this margin carries through into H2 or increases then we should hopefully see a reduction in losses in the year end results.
Posted earlier than expected the interim results were posted today. Despite income was not as high as I was expecting I am currently maintaining a strong buy. Income was up from both year end and the corresponding period last year. Losses were up as well. I have not fully read the forward looking statements but from the RNSs and other information I would expect an uptick in income during H2.
Excellent report ,onwards and upwards gla
Well said Nobby.... let's hope Mr Poots shares that vision!
It’s all looking very rosey for INFA given the pipeline of new contracts. I’m hopeful the interim accounts will shortly demonstrate another leap in turnover. With further business opportunities at a very advanced stage we can look forward to more RNSs in the coming months.
I sent a link last week showing how little wind can contribute on certain days to the generation mix. Today is another of those days; it’s only contributing ~2% of Uk grid supplies at the time of writing. 60% is coming from natural gas.
The need for secure supplies is going to require a range of solutions to back-up this intermittency, batteries is one although the technology has some way to go. Storage and hydrogen is another.
Northern Ireland has an opportunity before it to develop a world class natural gas / hydrogen blending and storage facility to deliver power and heat to the grid when the wind isn’t blowing.
As the huge increase in offshore wind generation is now inevitable the value of balancing loads via storage is rising considerably to manage volatility in both supply and demand in an environmentally responsible manner.
The science is inarguable, the NI government has a decision to take to award the Marine and related licences to make this happen. Aside from the huge employment and economic benefits from this project it will enable NI & GB to become more self reliant on energy supplies which ought not to be underestimated
Oops. Cheers Stokey. Saw mention of BiFab. Soz. :)
https://www.share-talk.com/weekend-edition-bulletin-board-heroes-sunday-18th-april-2021/#gs.yj96pb
SI_Derman In relation to your 17.23 post. This is a different project but it is something that has to be borne in mind. I note that Crown Estate Scotland have increased the Local Content Requirement for Scotwind leases to 25%.
This guy rarely gets it wrong .
Glad to be holding here
https://twitter.com/realstock100/status/1383817311023296518?s=19
New Navy warship emerges at Clyde shipyard - BAE Systems' Govan site.
'The ship is the first of the new City Class Type 26 frigates being built for the Royal Navy.'
https://www.bbc.co.uk/news/uk-scotland-glasgow-west-56792379
Oh, yeah. This article. :)
https://www.pressandjournal.co.uk/fp/business/north-of-scotland/2502295/turbine-jackets-for-scotlands-largest-offshore-wind-farm-will-be-fabricated-in-china/
Discounting what Phil Collins would have you believe, Stokey. It's one jacket required. ;)
Saw this article, although six months old , has a bit more on the history of said jackets.
Sorry if already posted.
Whilst on the subject. I did hear that Appledore have been working on "wind turbine base parts". their words. I took this to mean they had plans to work on such parts, as this had been mooted previously, along with other work/contracts that still have not appeared. Such as Irish Navel offshore patrol vessles, of which Appledore has a built in the past, along with Faroe Island fishing fleet boats. All the same kind of things that were suggested at the time of the aquisition.
But it was aslo said that they were amazed how busy they were. They, being the yard itself.
Not sure if work for this contract would have filtered down to this neck of the woods, tbh. But who knows.
Could be something a little closer to home. ??? Will try and find out a bit more, if the chance should arrise.
BTW, I did have to sit on my hands first thing Friday after the RNS, repeating to myself, "never trade in the first hour".
But then I caved and bought back 25% of my original holding. :)
Said I wouldn't until the ML was sorted, but hey ho, gone and done it now.
See what tomorrow brings, hey.
GLA, Si. :)
The risk to the downside is dissapating and feel happy adding at there levelsa and a further pullback.