The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Having listened to the spending review statement I did not detect any new announcements that would impact on INFA.
stokey12 No, just some words of support and encouragement!
Nobby31 In relation to your 10.45 post when you say Keep going and "audentes fortuna iuvat" are you suggesting this as INFA's motto as it would be fitting.
"does not"underestimate .....
Where has the year gone?
It is only a few days until the anniversary of the company receiving the keys to the Harland and Wolff yard and shortly after that the company's maiden revenues.
From a read of some of the posters here there is a tangible & understandable frustration as many of us wait for what we increasingly feel sure is coming; a rerate of the value of Infrastrata plc.
The Board & the management team, having worked flat out on bids are now waiting on numerous tenders that have been submitted, any one of which could provide the impetus we are all eagerly awaiting. Personally my view is that we will see something of "significance" within the next few weeks i.e. not months or years!
There are many more opportunities which they will vie for; many sectors and more activity as we emerge from COVID and move into 2021. It is important not to forget that this is also a learning experience for them all and from what I see they are getting older and wiser quickly.
Investor sentiment is currently high given the recent government announcements but ironically this isn't where this investor sees the change coming from; I'm looking towards the more immediate needs within the cruise ship sector and of course "our" seed-corn business of ferry maintenance and refurbishment works which keeps the meter ticking over. There are large contracts to be won here.
All in all we want a rerating of the company and that will come. Contract awards of scale and of course, lest we forget, our friends at DAERA who really do need to wake up and smell the coffee and get to work on the Marine Licence as well as their colleagues in that other department; responsible for the abstraction and discharge . The impact of these activities to create the caverns is a well-understood process and not just from the work INFA has completed; there are no lasting harmful impacts to the local environment, either at benthic or the wider ecosystems of these works. Yes there will be disruption and the company does underestimate or dispute this however the environmental benefits of these caverns for storage not just of methane (natural gas) but potentially for hydrogen, compressed air and/or perhaps carbon dioxide is really significant. This ought to far outweigh ephemeral impacts on the seabed.
COVID aside,I do not understand why DAERA, who have a responsibility to determine this application, have chosen to prevaricate and procrastinate upon it other than that they are very unsure of their own processes. We are shortly into month 9 of their possession of the application so it really is time for them to deliver their work without further delay.
Thanks to the Board, the management team and the staff and contractors working for us. Keep going and "audentes fortuna iuvat" GLA (my opinions only)
The company has not long ago generated maiden revenues, any big contract win would be massively good news
Loosegoose In relation to your 08.39 post I am not sure that it is just the value of the contract that would make it material. As an example a £10m three year framework contract might be considered material even if a £10m contract would not. You would need to look at things in the round so a contract from HMG regardless of size may be material especially if it is the first.
with massive projects coming in and our shipyard names were mentioned, i am surprised our mcp still too low,
Any ideas on what value could be considered material? Just wondering. Would a 5m contract be material, or even 10m? I am not sure. Something closer to 20m would surely be material. Thoughts?
In the presentation last week, John Wood made a point of saying they would not be updating the market on every piece of business won. Clearly they have an obligation if a particular contract is deemed 'material' or a piece of news is deemed 'price sensitive' (to the share price) but outside of that he indicated that they would update the market periodically on an ongoing basis.
TBH, can't see 'em coming till early next year when the whole process has run it's course.
Bod don't need to rush things if they have an idea of what's coming. imo
And I'm sure they do. :)
Hope we hear some news tomorrow on contracts
Cheers Si. I was getting my hopes up there, lol.
Lucky he wasn't in the Slug and lettuce. lol
TTNY, it's just the name of the actual dock. It's just along the waterfront from the main dry dock.
:)
I think we are just moving out of phase 2 (fear/Anger) into the 3rd phase of the change curve (acceptance/Exploration). AIMHO
Tango1 - I note that it was a low volume day I wonder if that affected things.
Tango,yes and news soon
Strange we are down 6.8% when buys and sells equal...
On the H & W website re Appledore https://www.harland-wolff.com/appledore/ it states :-
The site features a 119m long covered drydock as part of the main building yard as well as the adjacent repair, commissioning and outfitting quays and a facility in Newquay.
Maybe I've just previously missed it but i can't recall ever reading about Infa / H &W having any facility in Newquay (70 odd miles from Appledore). Can anyone enlighten me on what this 'Newquay facility' is ?
Thanks Stokey and Si - much appreciated in getting a better understanding of what we have. Pity tho' as there seems one hell of a lot of cargo in and out of Belfast - it would have been nice to have that in the back pocket!
Stokey, you were up early this morning! And I hope we see some positivity around defence spending - increases, mention of British shipbuilding, possibly tying it into renewable methods too. Both of which INFA have a big part to play for the UK, I hope.
With tomorrow's spending review which will be on ParliamentLive from around 12.30 what is everyone expecting?
His world beating cycle team also has that name
Si...you are very ON THE MONEY.. The hydrogen they produce is as a result of the electrolysis of BRINE to make chlorine. So you see, it makes perfect sense...to me anyway.
He is worth £25bn and building his own version of the Land Rover Defender. Its called the Grenerdier, which was the name of the pub he was in when he had the idea.