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Q2 starts tomorrow so what does everybody expect from the quarter? For me my expectations are:
. We will start see the start of the award of some material contracts
. The interim results when they come out at the end of April will see a narrowing of the losses for the period from the £2,948,410 posted for the six months to January 2020.
. Confirmation of the contract with Triumph Subsea.
We wait patiently
Loosegoose In relation to your 07.26 post I agree with you as I notes before all DAERA committed to was making the recommendation to the Minister by today. I am not sure that they ever said the decision will be today. It would not surprise me if they sent the recommendation but did not inform INFA unless they do not say what the recommendation is.
Whatamess, I too don't think there will be a RNS today. If I understand the process, DAERA make a recommendation to the Minister and inform the applicant. Assuming DAERA don't do a U-turn on their deadline, I doubt they will give the recommendation to the Minister much before close of business today. This would probably mean the RNS would only come tomorrow morning.
Maybe they used a second class stamp and it'll be here tomorrow.
PS. Speedy, it's not. The proof, is in the eating.
A mistake I see all the time on bb's. Even more than damp squid. ;)
From the Annual report RNS 26th Jan 2021.
John Wood, CEO of InfraStrata, said:
Having successfully completed all public consultations for the Islandmagee gas storage facility,
WE EXPECT TO BE GRANTED THE MARINE LICENCE BY 31 MARCH 2021,
that will enable us to take Final Investment Decision (FID) by the H1 2021 and commence construction of the project. We believe that this project is critical not only for the security of natural gas supply for the island of Ireland and mainland UK, but also for the commercialisation of large-scale hydrogen production and consumption in the future.
WE ALL WAIT WITH BATED BREATH...........
Yes thanks stokey,31st march tomorrow is end of march whatamess,could be an April fools Day rns lol
Thanks Stokey12
LSE03 In relation to your 18.07 post the decision on appeal to the Upper Tribunal can be found here https://www.gov.uk/tax-and-chancery-tribunal-decisions/1-cheshire-cavity-storage-1-limited-and-2-edf-energy-gas-storage-hole-house-limited-v-the-commissioners-for-hm-revenue-and-customs-2021-ukut-0050-tcc The appeal was dismissed as the decision is from the 8 March of this year it is too early to see if there is an appeal to the Court of Appeal.
https://www.rossmartin.co.uk/sme-tax-news/4214-no-capital-allowances-for-underground-gas-storage-cavities
Seems like a noteworthy judgement from the courts
Further to Loosegoose's 10.07 post the Belfast Harbour website has been updated Epsilon is due to leave at 8pm. Portaferry II will shift to the SRQ at about 11pm and will depart at 10.30 tomorrow. No information on the reason for the change of plan but seems a minor issue as it is only an overnight delay.
BlairPeach In relation to your 17.25 post any confusion is with all due respect by you questioning my use of the term revenue generating without explaining why you think INFA is not revenue generating. In fact in your 15.43 post you state 'Unlike many on this board, I refrain from hurling personal insults, but your continual use of the term "revenue generating" is troubling - I take it you do understand the concept of profit and how it is derived?' There you yourself seem to conflate profit generation which I was not talking about with revenue generation which I was.
I thought you 'refrained from hurling insults'.
stokey12,
This is becoming tedious, but the symbol =/= is universally acknowledged to mean "does not equal".
Is English not your first language, by any chance? If not, your muddled posting is completely understandable. Otherwise...
BlairPeach Inrrelation to your 17.08 post I would draw your attention to this article which seems to support what I said in my 16.02 and 16.45 post https://www.investopedia.com/ask/answers/122214/what-difference-between-revenue-and-profit.asp. Can you provide an authority for your proposition in your 17.08 post which seems to equate profit and revenue.
Revenue =/= profit.
It seems there are a number on this board who do not understand the distinction, God help them.
In relation to my 16.02 for the avoidance of doubt nothing in that post is to be taken to mean that I think that INFA is currently profit generating. It only deals with the issue raised by BlairPeach as to whether it is revenue generating. The two are of course not the same although you cannot be profit generating without first being revenue generating. The unknown is whether INFA would have been profit generating in the last financial year if we did not have the Covid Pandemic.
@WimH. Correct me if I am wrong, but hasn't JW done much of what he is doing currently for INFA before in Australia? I believe he's gotten proven experience of extracting maximum value from multiple, disparate, revenue streams. If that is the case, why worry about his scatter gun approach?
BlairPeach In relation to your 15.43 post I am at a loss to understand your confusion in order for a company to generate a profit it has to sell a product or provide a service. From the money this produces you take away the costs of either making the goods or providing the service. This will give you the operational profit. In the accounts for the six months to January 2020 there is a line that says revenues which has a figure in it. This shows that in that period INFA had a revenue. When I use the term revenue generating this is what I am referring to the money received for providing a service. What definition of revenue generating are using to say that INFA is not revenue generating? At the end of April we will get the interim results for the six months to January 2021 if my belief is correct this will show revenues which are higher than both the six months to January 2020 and the year ending 31 July 2020. I would think that would amount to revenue generating.
stokey12,
Unlike many on this board, I refrain from hurling personal insults, but your continual use of the term "revenue generating" is troubling - I take it you do understand the concept of profit and how it is derived?
Hi All - No point is bashing INFA we are all here to make a buck & we know the risks.I am at present confident that there will be a turnaround in the SP just a matter of being patient.Please note I am still showing 'Strong Buy'.
WimH,
Your original post appears to have garnered much support. I have been posting the same since the original H&W acquisition, to great derision and abuse. As I stated at the time of the Belfast purchase, if I am building a house, I don't buy Travis Perkins to save a few quid on bricks. I note that the original justification for the acquisition, to save on fabrication costs for IslandMagee, has been dropped for the utter rowlocks that it clearly was.
As far as I can determine, the recent bonuses were in cash. Your term "emotional blackmail" is pretty close to the mark, in my view - buy up defunct assets in economically deprived areas, tell the politicians what they want to hear, because politicians are thick and believe what they want to believe, then use the acquisitions to justify fund raises in order to trouser a shed-load of cash. This is why I raised on here the name DeLorean some time ago. Again as you state, where is the knowledge and experience to win and deliver these massive new-build contracts that so many on this board believe are imminent?
I still maintain that IslandMagee will be the life or death of INFA; if it is to be death, then the acquisitions have merely delayed the process and enabled some additional cunning troughing.
Like you, I invested some time ago, on the basis of the potential of the gas storage caverns, as did all the other long-term shareholders here. No-one at that time invested in the expectation that INFA would be promising to build ships...
WimH In relation to your 13.07 post leaving aside the issue of the bonuses for the time being. I do not follow the argument that INFA should concentrate on a single thing. If a company only concentrates on one thing until that thing becomes revenue generating the company needs resourcing. It follows if JW did not purchase Harland and Wolff the only way to progress the company would have been even more placings than has been the case just to cover running costs. You may not agree with the strategy that the BoD have adopted but it is generating revenues. At the end of April when the interim results come out we will see how much revenue has been generated between 1/08/2020 and 31/01/2021 this would give us the first chance to evaluate the strategy without the significant overhang of Covid19.
I don't think many tree huggers have 150,000+ shares tailor028. Loosegoose, I would just like the company to focus on one thing, at least then I believe they have a strategy. At the moment its scattergun, and hoping that something works. Where did JW get all this experience and contacts in so many sectors. I will happily be proved wrong, but certain things don't add up. I'm hoping the bonuses in the annual report were options rather than cash otherwise why is a CEO taking excessive money from a company struggling with cash flow?
I know Stokey, it was more of a tongue in cheek reply given it lands on the 1st April. I hold zero hope that daera will be sticking to their own deadline, whether that is submitting to Mr Poots, or announcing any recommendations publicly by end of play tomorrow. But having said all this, the future is still very bright, and overwhelmingly so, there's too many low hanging fruits to not be optimistic at this time