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If i was giving a company a large contract i would want to see new machinery being installed that could cope with the workload .
Infa are going to be mega busy in 2021 i reckon, otherwise i would not have bought into the company.
There will come a day when the share price takes off and anybody who gets in early will reap the benefits.
GLA
BTB
Thank you,Ban, four your usual decent courtesy.. if we are at £1.00 by end of Q1 2021 then for the second time I shall eat my hat !!! With gleeful pleasure.
By the way I have had some trouble with this post as I have had some quite interesting interruptions from JD Sports adverts featuring scantily clad ladies. LSE is evolving indeed !!!
Thank you,Ban, four your usual decent courtesy.. if we are at £1.00 by end of Q1 2021 then for the second time I shall eat my hat !!! With gleeful pleasure.
By the way I have had some trouble with this post as I have had some quite interesting interruptions from JD Sports adverts featuring scantily clad ladies. LSE is evolving indeed !!!
I have to politely disagree Dawski. I’m with the TR1 PI. Q1 2021 will be strong.
Buried in the RNS is this 'As the Group stands today, the Directors have identified a potential weighted pipeline of £2 billion in contract opportunities between now and 2025 and believe there are near term revenue opportunities of £80.5 million and up to £825 million in the medium term.' If by near term they mean Q1 2021 this would support Nobby31's view of £1 by end of Q1 2021.
Q1 2022 maybe ..who knows ...at this rate 2021 could turn our even worse than 2020.
We have such a bright future if somehow the Government will proactively back heavy industry when free of E.U. constraints and, dare I say, help us secure the ML at IM and then allow us perhaps to cost effectively reduce the equity in the project.... freeing up more funds to invest in the yards and Team Resolute with Navantia ....and , as reported below, secure some "cheap " borrowing at current rates --Government backed if necessary.
JW is very brave to start shipbuilding in the U.K from scratch in a formerly defunct and half abandoned yard ..but only he and his new team can do it ...nobody else could be bothered or have vision ...so there !! Roll on 2022 !!!!
Agree Nobby
I don't do this very often but my prediction for the SP is over 100p by or before end Q1 2021.
Notice everything timed for January,I think there's big news coming here in January/early February imho
dawski, agree with what you are saying but I honestly believe the reason for no government contracts announced YET is the EU rules, which will soon be in our rear view mirror.
Great to see the SP holding steady at around 47p above the Placement Offer.. speaks volumes as does the reason for the Offer. We need to invest invest and invest in up to-date technology and machinery...If only we could concentrate on wealth creating investments as here rather than giving attention to nail bars booze outlets and the like all the time as per the daily news items !!
I'll be taking up the offer
Not surprised more money needed to be raised, but shame it’s before there has been any substantive news. Increases dilution, if they are in such a good position why not fund through borrowing, very attractive rates about for safe and solid investments.
Indeed BTB, it's going to be great when we hear news of the first MoD contracts coming in, either at Appledore or Belfast.
Speedy_Gonzalez,
You are an odd fish. I have been entirely consistent in my support for Islandmagee - it is, after all, the project in which I (and most others) invested! I am not aware of any protests against the functional activities of H&W.
I have also been entirely consistent in my objection for the acquisition and operation of a defunct shipyard in the first place, using money the company never had and thus had to borrow at usurious rates and via eternal dilutions; the cost merely of keeping on the lights is staggering. Any seasoned AIM investor should view the words "letter", "of" and "intent" with dread.
In my view, only political master-stroke can lead to success here (and I have stated previously that the current economic situation may make this possible).
It's beginning to smell a lot like Christmas.
I have another account which I use to browse the comments on a few companies that I follow as I find some very useful information on this board, but I don't use it very often and have forgotten my login details. Nothing dubious I can promise you. I am certainly not downramping the shares, far from it, I still have a large holding here. I have just been burned before and was hoping for a bit of reassurance from the knowledgeable people of this board.
Look beyond this RNS and you will start to realise that some massive contracts are on the way.
Keep the faith and do not trust any new posters who try to drag the company down!
I’ve seen it so many times.
A great future lies ahead.
GLA
BTB
Oh look here..... Blair peach, Capdevila have a new accomplice deramping protestor. Time for you folks to change your plot lines if you want to be believed!
morhz1 In your 09.18 post you state ' I hope I am wrong because I have been following this board and reading a lot of the comments and you are all seem like good people, but this stinks of management taking advantage of shareholders. ' However when I went to check your posting history you only joined today. Could you clarify how you have been following this board if you only joined today.
Alarm bells are ringing with this RNS today.. I've been involved with plenty of companies in the past who follow a similar route of announcing a 'letter of intent' or 'potential offtake agreement' for a large amount of money and then followed it up by having a capital raise to bleed shareholders dry using the good will they harnessed from the previous announcement, only for the previous contract to fall through.
I've been following INFA for some time and almost felt like the newsflow this year was too good to be true, and this announcement, for me, is confirmation that something isn't quite right here. If all was to be believed then this is a company that should be trading at a minimum of £2 a share. I hope I am wrong because I have been following this board and reading a lot of the comments and you are all seem like good people, but this stinks of management taking advantage of shareholders.
The 100 for 1 consolidation now makes more sense. It's much easier to raise capital at 45p than it is at 0.45p.
I've also looked into Triumph Subsea Services and nothing to me indicates that it is a company capable of ordering a £350m ship, let alone two.
I will hold onto the shares I currently have but will not be taking part in the placing.
If the issue is fully subscribed as expected, all should be well. As the market cap increases, more institutional investors will be drawn in. Love to see the SP higher this evening...very possible
I am not surprised at this mornings RNS nor emphasis of matter reference as clearly at the likely signing of the accounts some time in January without the fund raise they would not have had a 12 month cash runway & hence some form of qualification.On the positive side INFA has the ability to raise funds & clearly demonstrate it can operate as a 'Going Concern' an absolute requirement to be on any 'bidders list'.
With regards the ML as I have previously posted I thought it unlikely there would have had approval this year & at best will be in the 1st Qtr of next year but as shipbuilding clearly becomes our core business & less reliant on ML approval I am still showing ' Strong Buy'. Season greetings to all fellow posters.
Stena Europe has now left Belfast and is on route to Fishguard after a 30 day visit.
stokey12, regarding "This seems to me to suggest that they are expecting fabrication contracts so are doing preparatory work. I would not expect this to be done unless you were fairly certain of getting the contract." I believe the contract is there but can not be awarded until the rules change on 1st Jan. AIMHO
In relation to my 07,35 post the wording in relation to the robotic arm I mentioned is
' The net proceeds from the Placing will strengthen the Company's balance sheet and continue to enable it to tender for and win larger contracts, as well as to:
o provide capital expenditure for inter alia, the acquisition of a robotic welding panel line and other yard refurbishment programmes in preparation for the potential award and subsequent execution of fabrication contracts; '
This seems to me to suggest that they are expecting fabrication contracts so are doing preparatory work. I would not expect this to be done unless you were fairly certain of getting the contract.