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LSE03 In relation to your 07.51 post An interesting read in particular what it says about the timing of the rollout. Due to capacity constraints caused by existing work BAe are unlikely to get it so it looks like being between BAB and INFA. Do you agree?
pacman27 In relation to your 07.46 post I was not making a political point all governments do the same thing. The only saving point is that INFA are likely to be well placed to win some of the manufacturing contracts.
Let’s keep politics out of it , Stokey lad ;-)
I have just seen this https://twitter.com/SkyNews/status/1369910817320271879 it seems that HMG are doing the normal pick a large number out of the air to make it look like they are doing something. I would be surprised if this level of investment would achieve much.
Loosegoose In relation to your 22.05 post of yesterday the only potential difficulty is if the investment is from a foreign investor at the % you quote that would trigger a referral to the Secretary of State under the National Security and Investment Bill/Act. This would cause additional delay.
Loosegoose thank you for the reminder of those numbers. If there is competition for capacity and/or equity then that would be ideal however if Vitol are still looking to purchase the capacity then financing ought not to be too difficult and with low interest rates the ROI will be attractive. It’s not straightforward as to how accretive this will be to the share price and I expect it to rise in stages firstly from the award of the ML then news of debt / equity and FID. All in the background of the transition from natural gas to hydrogen and an increasing medium term dependency on natural gas for central heating and power generation.
Assuming DAERA make a positive recommendation in the course of the next 3 weeks then we are in for an exciting time ahead this year .
Just thinking on the non shipbuilding front. This is only about IMSL project valuation where DEARA has committed to a recommendation in 20 days time. The NPV @10% discount rate of the project was 141m. @8% it was 222m. Selling 75% or 85% would be big numbers in terms of cash.. Worst case 75% of 141m = 106m. Best case 85% of 222m = 189m. I guess any buyer would want some sort of risk discount - don’t know how that would work on these type of projects. INFA would probably get the fabrication and project management fees as well - don’t know how to calculate that. Either way, assuming the risk discount offsets the other income this in theory would move the SP by 3 to 4 times at least. Please check my thinking
Chrisatrdg In relation to your 19.30 post going through the comments there was one from Paul Blake who has left H&W after only four months in a full time post.
Further to the tweet there is also a posting on LinkedIn:
'Our state-of-the-art robotic welding machine is now fully installed and operational in our Belfast yard.
This is further proof of our commitment to innovate and invest in the future of UK shipbuilding and fabrication.'
Read more here: https://lnkd.in/gdDXCPK
#Fabrication #Welding #Innovation #Robotics #Automation
https://www.linkedin.com/feed/update/urn:li:activity:6775451206987976704/
Thanks for your kind comments, Speedy. Not back, never completely left but I'm certainly happy that I divested myself of the great bulk. Sadly nothing has changed for the better as far as the sp is concerned here. But who knows......! Go well.
Just seen this tweet https://twitter.com/Harland_Wolff1/status/1369683980895875072 I wonder if this was bought in anticipation of something.
Large block buys are invariably a round number of shares eg nearest 5 or 10,000...or big round numbers financially.
Nice to see you back Setanta, hope you're happy! Are you still in here. I miss your thoughtful comments
If I had to bet on it I would say its a buy
please excuse typos
I did read some attempted scaremongering about storage caverns collapsing or venting or something of the sort. The fact is there are literally thousands of operational caverns the world over; it is proven safe science and I felt this sort of post was misleading and rather desperate. I think the residents of Larne have a much greater chance of being hit by a bus than being injured or worse from the slat caverns deep under the lough.
I'd like to see the BOD purchase more shares but understand they have been in closed periods for some time due to the sensitivity of the business they are discussing; acquisitions, contracts and other ventures. We were all warned it would take a couple of years to turn this around and I'd say that this is certainly happening and will bear fruit this year; whether that is Q2 or Q3 or Q4 I'm not in a position to say however there is simply so much on the table that for Infa to fail would be difficult to conceive given the different sectors they are seeking work from.
I'd remind everyone the value of the storage project is many times that of the current market cap. The Marine Licence will unlock many opportunities to build a low environmental impact world class storage facility which will in my opinion be storing hydrogen in just a few years time; a green fuel to compliment Ireland's huge wind generating capacity. The island of Ireland will be a lot closer to net zero than GB by 2030 for sure and that is an enticing prospect. The above ground facilities are minimal and hardly a blot on the landscape especially compared the the monstrous Ballylumford hulking power station which will eventually become a lot greener in time!
Hard to tell if it's a buy or sell .Its been made to look like a sell but a buy would hint at a bit of newsflow in the near term...
Good or bad let's see tomorrow, like you say if it does drop then I'll buy more ,no brainer imho
I am of the opinion that it is the rump of a large sell order and the market has bought the stock for inventory.
Looking at the bid/offer at time of trade looks like a sell, if buy would the sp be down today ?
Are we sure this isn't a buy?
PS I'm not happy
Share prices, historically, have long quiet periods. INFA is no different. Yes, sellers are having an impact but the brokers trying to drum up interest need to have a few of the long term questions/promises, answered, before the malaise or dull drums can be put behind us. The government are holding fire on major spend (x health) until the economy is totally unlocked. The ML decision is still a thorn but the clock is running down. The LOI is still being negotiated. Looking beyond the covid difficulties, I am optimistic the yards will win attractive business. I hope dearly that 37p support holds but given the size of the selling, it may give way to 32p...if that happens, it represents another chance to own an asset way below its potential value. Keep the faith.
There are quite a few people "not happy " here!