George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video 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.
We now have 4 fabrication yards 2 possibly 3 ship yards and a Globally respected Branding. The market will catch up as the penny is dropping :-) Don't think whatamess will get his 20p :-)
Gringosmith- with the newly created apprentice scheme and now two big fabrication yards, I would say it is already in the bag just awaiting lockdown to be lifted, to give the government maximum exposure.
"The offshore wind industry has previously been criticised for not using enough UK contractors and suppliers."
"The industry has a target of growing today’s 8GW capacity to 30GW by 2030"
"The UK government hopes to build enough offshore windfarms to power every home in the UK by 2030."
Much of this windfarm development will on the Scottish coast.
https://www.hl.co.uk/news/2021/2/12/queens-property-chief-delays-sale-of-scottish-seabed-windfarm-plots?cid=halDM166158&bid=649462249&e_cti=5077280&e_ct=T&utm_source=AdobeCampaign&utm_medium=email&utm_campaign=EONRM_Daily%20Newsroom_Opt%20in_12.02.21&theSource=EONRM&Override=1
This potentially puts INFA in the right place at the right time.
We will be coming out of lockdown soon and I believe BJ is gonna unleash one hell of a building programme to get the UK going again, Pointless doing it in lockdown, but soon it will happen and like JW stated multiple contracts at once, All the cruise companies are going to be getting there cruise liners ready, Wind farms seem to be very Vogue, Hydrogen era is coming and we seem well placed to have a MAJOR change in fortunes relatively over night. AIMHO
New blow for BiFab yards as offshore contract bid collapses
Published21 October 2020
Background information as to why Co went into Administration & note -
'DF Barnes had been negotiating to build jackets for wind turbines to be installed off Fife by French firm EDF.
But the company has pulled out, citing a refusal by the Scottish government to provide financial guarantees.'
https://www.bbc.co.uk/news/uk-scotland-scotland-business-54630628
Edit: Lets hope Scottish Government see sense now under new ownership.
The Canadian firm DJ Driver were involved with the Scottish Government in these yards
And who set up new routes to Ireland recently ,indeed good news
Two BiFab yards acquired by Harland & Wolff owner
https://dailybusinessgroup.co.uk/2021/02/two-bifab-yards-acquired-by-harland-wolff-owner/
Edit: Pictures clearly show wind farm construction at one of the sites which must be JW's aim in terms of future contracts.This is a great strategic move by JW.
Published today
https://www.bbc.co.uk/news/business-55763356
InfraStrata Buys BiFab Assets
https://www.oedigital.com/news/485259-infrastrata-buys-bifab-assets
Edit : Press cover & picture.
Seriously good locations . hope the work flows in quickly
.... for Fabrication, Fabrication especially for the Windy Farms !! Maybe ML has done the BOD and .... us a big favour?!!
To the BoD and shareholders. Thank you.
If you think about it the area from the River Clyde over to Belfast has been at the center of ship building for many years (lets include Barrow in Furness as well).
They have a large contract in my opinion.
Someone gotta build and maintain those ferries. Those routes are incredibly busy.
Stokey brilliant pick up there on twitter time to add I think
.... as they that cannot see.
The investing community are so conditioned to the decline of heavy manufacturing in the UK that they are unwilling or unable to see the transformation & reinvigoration taking place at Infrastrata.
This acquisition is not the last part of the jigsaw but it demonstrates our CEO's strategic planning & strength of ambition.
This page from the companies house records for Burntisland makes interesting reading https://find-and-update.company-information.service.gov.uk/company/SC213282/persons-with-significant-control. No upto date accounts have been filed the last set of accounts filed are dated December 2019.
The comments on this twitter thread are interesting https://twitter.com/Harland_Wolff1/status/1360123989176287232
Loosegoose as you say on the current run rate meeting either of those would be a stretch but I do not think the CEO would have gone on his current spending spree if he thought the run rate would stay around its current position.
Stokey12, yes the second tranche will be for the sum of £200,000 upon the occurrence of either of the following events, whichever occurs earlier:
o Consolidated Group turnover is or exceeds £75 million in the next 24 months
o Consolidated turnover of Methil and Arnish is or exceeds £40 million in the next 24 months
I would be happy with either. Based on current run rates I estimate annual turnover would be around the 18 to 20m mark so meeting either of these criteria would be s substantial uptick.
Could well be the last week to get shares below 50p
Stokey12, agree, also very good to see NO SHARES in the deal.
Strategic acquisition of assets and leases across two sites in prime locations in Scotland with particular regard to renewable and defence projects; Methil on the east coast of Scotland and Arnish on the west coast of Scotland. The Burntisland site will not form part of the transaction.
My post on LinkedIn this morning:
'JW this is great news for INFA & is the most expedient way to acquire increased capacity at short notice.This move will strengthen INFA's ability to WIN contracts in coming months & years ?? .'
Your completely right. Sorry, my mistake!