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Renewable stocks are doing well today. LNG storage is low-carbon, so that helps a little bit I guess.
Link
https://www.linkedin.com/company/triumph-subsea-services-ltd/
There is a lot being posted in LinkedIn today. Quite a bit from Triumph Subsea Services Ltd about the LOI with INFA, also quite a bit from other partners and about their technology and environmental profile. Very interesting and reassuring indeed.
There she is ;-)
There are two trading days left for INFA to surprise us with a nice Christmas RNS. I wonder if that will happen.
Will take all my holding at 49.45 tick up coming
Lol, cheers for sharing. I wonder if they just forgot to press 'publish' at the time. Great to see the sp holding up well against the doom and gloom of the wider market
This has just come up from BBC NI note the date. https://www.bbc.co.uk/news/uk-northern-ireland-55404525
Lottie,maybe tomorrow
From todays prints and current price, I would say the market has a reasonable buyer. They are hoovering up dribs and drabs in a very weak market. Won't be surprised to see a couple of large prints near 50 later if they can get enough stock.
Stokey12, agree 100% and am sure JW understands LTH's have suffered enough dilution!
Nobby31 In relation to your 14.34 post I do not think that we will see INFA coming to the shareholders for another capital raise there are two reasons for this. Firstly with a strong order book the banks will be willing to lend against the orders. Secondly, with customers like Trident a Export Credit Guarantee Scheme facility from HMG would probably assist in tapping the banks for funding.
Thanks for the update Loosegoose.
Short term it’s great the work is coming in thick and fast to pay for the burgeoning workforce & allow them to put their Turkey on the table. Brand H&W is going from strength to strength which is such a positive for the Belfast economy.
2021 will definitely bring about some more contracts and new counter parties. These are already larger than the early work overs and will require more employees and contractors to deliver on them.
I think we have to consider the possibility of another capital raise but I’m genuinely not concerned about another dilution if it’s coupled with a decent-sized contract award and is up around 45p-50p. Also the banks will soon be prepared to open debt facilities once the accounts are published and the order book is visible. Cheaper money than the loan sharks we had to put up with in the past!
Another couple of patience pills will see us into Q1 and truly exciting times for Infrastrata.
Good Luck
Excellent !!
This might be of interest https://twitter.com/Harland_Wolff1/status/1341006341972910080
Stokey12, if it was was a recurring revenue stream at those levels then I am fully with you. Since it is a one off and does not represent future cash flows I take a more conservative approach on that 1 single contract as relates to value. The main thing is that we are way undervalued and I do honestly believe that the good things will happen.
In relation to my 13.32 post you can now see why I got a F- in maths 20% of £350m is of course £70m
Loosegoose, agree with all you say, 2020 has been a terrible year but 2021 with H&W set to take off and the ML prospect. The Vaccine roll out should be in full swing come the spring, I personally think the appetite to invest will be large and INFRASTRATA will be announcing contracts at the best possible time for investor sentiment. AIMHO
Loosegoose In relation to your 12.44 post in relation to 4 the LOI if converted to a firm contract is worth more than the current MCap. On a 20% margin for one ship would equate to £35m so on a extremely pessimistic P/E of 8 that would indicate a value of £280m against a Mcap of £32m.
As we near year end here is my short synopsis of where we stand
1. Share price holding around 50p which is not bad considering no new news.
2. The new ML consultation does not really seem to be a consultation - lasting 4 weeks over Xmas and New Year with no new documents required and no public meetings. The ML is likely to be determined not later than 31 March but more likely within a few week after the consultation ends.
3. The principal offtake partner is Vitol and the storage services agreement is very well developed with the possibility of another major gas distribution network operator also interested in equity.
4. Triumph Subseas Services LOI for 1 or 2 ships for ±350m each. Confidence expressed by COO on LinkedIn that the ships will go ahead “watch this space”. This project will bring new jobs, new technology and environmental advantages. The LOI for just 1 of the 2 ships is probably worth the current market cap
5. The dry dock business has been at cash break-even since September - showing sustainable results
6. There is a lot of pending work in the cruise industry with COVID refurb work ahead of the April cruise season start. Possibly this will be impacted by the Covid news over the weekend.
7. Serious job offers being announced - especially the most recent “shotgun” approach. Check the H&W website or LinkedIn for details
8. Very large pipeline of work with renewables and wind turbines
I'll have a couple of pints of the Black Stuff ordered and at the bar for ya Stokey and Tango. If we make any money on the INFA shares between now and then, i might even pay for them too, lol.
stokey12, good idea, that means he buy's the drinks not me :-)
Thanks to everyone for your suggestions. I think that ThisTimeNextYeer will have to be the entertainment officer.
Stokey. Loadsa hotels to choose from in the city centre and just depends how much you wanna spend.
Premier Inn (Alfred St or Cathedral Qtr) - 50 ish p/n
Etap (Dublin Rd) 50 ish p/n
Europa Hotel 150 - 200 p/n
Merchant Hotel (top hotel in Belfast in my opinion) 300 ish p/n
Hopefully meet ya and a few of the other guys at the Belfast event.
*Bushmills