Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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TTNY---well said,Mate ---the Methil news is just a crumb albeit quite a decent one for starters ..as someone else has posted today the immediate rise and then fall today shows how fragile the SP is for us PI's with significant but understandable profit taking place throughout the session so far ....but when the weekend press have played their part and bystander investors wake up to the rising potential here, then Monday could open well ...very well .
TNNY --do not worry about the unknown knowns --They will appear just as sure as the odd cruiser will quietly slip anchor from the South Coast and head our way ??!!
My last post said 'DYOR folks before buying'.
I think should also be balanced with, DYOR before selling too.
GLA
Tango1 In relation to your 14.30 post I think with all the press coverage so far I do not think there is much left for the PR team to do this weekend. As the BBC has picked up the weekend financial press should pick it up.
Well worth a view -It's in the middle of the episode and there is talk of "more to follow " ..They must be really chuffed up on the East Coast with the resurrection of the yards especially after Sturgeon's total mismanagement of contracts causing such a debacle and quite significant loss for the Tax payer ( Scottish !)
Wouldn't want to be out over the weekend imho
Am i excited about today's news of a 26M contract and a 10% share price rise so far today ? - Nope ! ! !
Before i go on to explain my logic in this headline, It's important to say a huge well done to JW and the team for getting this 26M contract over the line. We hear on an ongoing basis JW saying that there's a lot of tenders out, and how exciting the future is for Infrastrata over the 5 target business areas. It's good to now see a good sized double digit million pound contract now on the books. Well done on this you folks at Infa ! !
Back to my lack of excitement on this 26M contract. My emotions are that I'm delighted, and happy as it's something other than ferry work to keep the cogs turning, pleased to see a little rise in the share price today and I'm also feeling a lot more confident going forward for Infa.
Excitement though on just this news ? Still nope !
What I am REALLY excited about is the future news that might come, and come anytime from now over the next 6 months. These news items could be many many multiples on this 26M contract. Examples could be :-
The letter of intent (LOI) from Triumph for a new build ship is 300M+. If this goes to contract that's 10 times this fabrication contract announced today. Both Infa and Triumph have said late June being their target date to take this to contract stage.
There's also an option for a 2nd Triumph ship. That's another 300M !
The MOD FSS contracts where Infa are part of the Team Resolute consortium with Navantia and BMT. This would be a 3 figure millions contract and it appears as if there's only one other main competitor for this. Even being negative on this, if the contract isn't won by Team Resolute, it's very possible that H & W could gain sub contract on the MOD FSS contract.
With cruise ships starting up again soon many of these will be needing maintenance and work prior to commencing service. This work can be into the double digits of millions, and that's per ship ! How many cruise ships are there too ? Point to remember too is that JW met Simon Zielonka Director, New Build and Marine Projects at Royal Caribbean at Downing Street last year. Infa have also just appointed the hugely respected and influential Graham Couser as Head of Business Development in Miami with him tasked with developing Harland & Wolff’s cruise repair, refit, refurbishment and revitalisation business globally.
Appledore. This historic site was purchased just last year by Infa with Boris Johnston at the opening. He has since then in September past, responded to to a question in the Chamber from an MP re H & W and Appledore, with Boris stating 'watch this space'. As yet that 'space' has still to be elaborated on. What does Boris have in mind ?
All of the above and there's also Islandmagee . It's a massive positive if it all goes to plan.
Pleased as I am with today's news, it's the news to come that has me EXCITED !
Obviously DYOR folks before buying
I made the mistake of loosing patience with these. A wonderful rns today. Price deserves to be much higher on that news. At least it gives us regretters a chance to still get in cheap atb
Of INFA's PR machine this weekend.
Just seen this on LinkedIn https://www.linkedin.com/feed/update/urn:li:activity:6788806897433739264/
Was covered on the lunchtime edition of BBC Reporting Scotland, very positive piece.
Great news today with a large contract win, just surprised that the SP has only moved 10%, given the prior MKT CAP of £34M, with a £26M contract that could increase significantly in the future if INFA deliver as per contract clauses, clearly patience needed here but I think the days of a sub 40p SP are behind us now.
Stokey. The BBC, press and the country needs all the good news it can get - road to recovery, build better, etc. Damn good news, well overdue by us suffering LTHs. Keep it coming JW!
We have this from the Daily Record https://www.dailyrecord.co.uk/news/politics/bifab-yard-joy-nearly-300-23925097. There is also this from the Scottish Herald https://www.heraldscotland.com/business_hq/19237567.300-jobs-bifab-bought-out-wind-turbine-yard/.
All this coverage will make late afternoon and next week's trading interesting.
Lots of work. Maybe a WDV from Triumph will be needed at some point .....
As well as the 54 jackets there's two transformer stations to be installed in the field. Believe HW have experience with this in RWE Gwnty Mor wind farm. Hopefully all systems go.
Nice piece from the BBC as well. I will post the Record article in a minute. Looks like there is a lot of mainstream press interest in this. https://www.bbc.co.uk/news/uk-scotland-scotland-business-56769664
there is this from renewables now https://renewablesnow.com/news/saipem-contracts-scottish-fabrication-for-8-nng-jacket-foundations-738200/. Of note is that 54 turbines are being built so there is scope for a possible 46 more jackets if at the same price would generate around £149m.
InfraStrata awarded fabrication contract worth £26m
https://www.**********.co.uk/articles/infrastrata-awarded-fabrication-contract-worth-26m--296974e/
vox markets
Edit: Todays RNS is good news & creates a good platform for future contracts & further expansion of the company & also derisk's our investments.
Tango ,it's a multibagger imho
Wait till Monday when all the new money comes in after the press releases.
I have done a quick calculation and the jackets are costing £3.25m each. I suspect that this is a test and if INFA delivers then further more significant contracts will follow. The Crown Estate have granted leases for I think it was five windfarms so there is significant possibilities from windfarms just around England. There is also Scotwind due to be awarded soon so this is a timely contract.
I was calculating potential revenues form windfarms on the basis of a jacket cost of £2m have to do a rethink.
10% down since opening?
Are they taking the pis*??
C'mon move up
And still very cheap to get in.. But for how long?
BOOOM time coming here imho gla
Looks like the lads (and lasses) have already had a good sweep up at the yard to make way for some big new lumps of metal:
https://www.harland-wolff.com/facilities/methil/
Looks like H&W have now set up a page on their website for each location accessible via "Facilities" on the front page