The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Couldn’t agree more Spud,
Ps, thought you’d emigrated ;-)
Without shipyard purchases (and the dilution that went with it) if infa had been relying on IM the company either wouldn't be here now or would have been continually diluting to keep the lights on.
Great move after all and buys plenty of time to sort ML (hopefully)
Tango ,yes agree there
Well we have closed above the sticky 43p resistance so that should be our support going forward, be happy when we are at the +£1 but don't think it is far away now.
I find it difficult to except that the project is "Highly Controversial" when it has been known for the last 12 years already has the extraction and disposal permits and we are working within the legal framework (going above and beyond).
The only controversy is from the Tree Huggers with nothing better to do, instead of being happy that INFA are going above and beyond what they need to do to protect the environment, and with the H&W team we don't need to do as much transportation on land.
TTNY. Let's not forget JW stated, on this week's Port to Port podcast, H&W Belfast was working on receiving up to 5 more vessels for work this year.
Ok TTNY,well spotted ship repairs /revenue continues as we wait for those contracts
Firstly, I have the position I want here, and I think this share will tip into the £ territory when the tangible contracts are announced, however this is a rise on assumed gains which have yet to be materialised in the shape of actual contracts, i.e. this can go as easily as it has been gained.
Feel free to prematurely assume you are over the hump, I personally think there is someways, and some doubt to overcome before that happens.
Regards to the shortfall, guess you are right, they are just making it up and the press are exagerating when our troops deploy and have serious shortages of basic equipment.
Nevertheless, I come back to me earlier point, this company can make serious gains and has the right team in place to do so. Whether that is ship building, or in the longer term renewables based we shall see.
The item below is from the Royal Town Planning Institute (RTPI).
https://www.theplanner.co.uk/news/consents-wrangle-leaves-gas-storage-project-in-limbo
This is a site I subscribe to and therefore have access to their reports / news items. I've posted below the full wording from this article for those that can't access the full article in the above link. I have the feeling that INFA are now starting to get a bit less patient and a bit more aggressive in their dealings with DAERA with regards to this marine license application. Maybe it's what's required to move this on.
- - - - - - - - - - - - -
InfraStrata, the company behind contentious proposals for a gas storage facility at Islandmagee, has accused the '' ''Northern Irish government of 'dithering' over licences needed before the project, which has planning permission, can proceed.
The Department of Agriculture, Environment and Rural Affairs has confirmed to The Planner that its officials are currently considering applications from InfraStrata for both a marine construction licence and permission to abstract and discharge water.
These are required by the company before it can start building the scheme near Larne, which will involve creating huge caverns under the seabed to store gas.
The department said: “Due to the strategic nature of the proposed Islandmagee project, the award or withholding of these consents will be subject to the minister’s decision.
“DAERA officials are currently working through the determinations. The minister will then consider whether there is a need to refer the decision to the Executive Committee”.
This is because the project is highly controversial and has more than one department involved in approving key aspects of the scheme''.
TTNY, well spotted. Cruise & ferry and renewables will contribute significantly to near term revenues. Defense will most probably be huge in the future but we need the other segments in the near term to bridge the gap. The VOX interview gives another very good outline of the size and complementary nature of the segments and their pipelines.
In all this excitement, us regular ship watchers haven't spotted a wee ferry that's snook in to the Belfast Harbour bookings page.
Stena Europe is coming into H & W on Sunday coming according to the site.
Tango great news
The UK defense budget is £42billion a year, this £16.5 Billion is targeted money for ships, cyber etc
The M.O.D claiming a £13.5 B shortfall is just BS, any budget is never accepted and they want more.
Happy days ahead.
Ta for the info Drango.
Phijeer- good luck trying to get a lower price to buy in.
Thistimenextyear no Devonport havent done renewables, they have two yards there north and south , much of south yard was sold off to Princess yacht buiders and other concerns. There main activicty is concentrated around nuclear sub refits and surface craft refits. The whole naval complex is spread out over a huge area , at one time they were training over 400 apprentices in a purpose built facility at the Goschen Yard. I believe there is as many as 14 nuclear subs there waiting for decommissioning decisions. Its the largest naval shipyard in western europe and like HW has facilities to build/service most ships
Guys, quick sanity check, worth keeping in mind that this boost barely covers the shortfall in current funding, 13bn. Not my words, but those of the MOD. After that they also want to fund and develop a Space Command and a special Cyber defense unit out of the monies. Bottomline, I am sure there will be contracts, but I would not get overly excited about this announcement in and of itself.
I think much more likely that an announcement will come in January when Break**** having been completed Boris feels he has freer reign to stuff money into whatever direction or pocket he wants.
Great if you are invested here, because evidently our man at the top has some good ties with the tin pot dictator that is Boris.
In the run, what Covid, Brexit and Boris have demonstrated is that there is literally no system of checks or balances in our Government. Track and trace being a prime example, but the list is growing fast.
Tango. Your 12.07 post about the marketing from the weekend press and stockpickers/tipsters could be very true and would have been so worthy of it's own 'new subject' thread on the board, lol.
I believe next week might have even better share price news as a result of 'weekend press marketing'.
There's always the possibility though that we have some sellers looking to sell and crystalize their gains this week but i imagine with hopefully news due soon that this will limit the short term traders for now.
On a side note, I've topped up with a few more this afternoon myself.
Yes Razor. I lost my shirt AND had my pants pulled down on the spike a couple of years back!!
Much reduced holding I'm afraid but confident that now is the time for jaded LTH like myself to reassess and consolidate their position if necessary. And newbies, welcome to the roller-coaster that is INFA :)
As Tango says I'm sure there will be some new converts over the weekend, hope they know what they're letting themselves INFA :)
Yes, strong buy. I've added a little to the 20k I have and remember it at 0.0243p thinking it'll go to 0.00400. Happy to wait this out.
The weekend press should also be doing some valued marketing and am sure we will be tipped by some stock pickers, next week is going to be very interesting.
Up 17.07% go in well today waiting those MOD contracts
IMO any type of contract win now would send the SP above the next resistance levels of 56p & 86p then clear ground to £2 AIMHO
Razor,indeed £2 would be great
John WoodStatus is onlineJohn Wood• 1stCEO at InfraStrata Plc. H&W (Belfast) Ltd53m • 53 minutes ago
JW Linkedin post today:
'Good to catch up with Donald earlier in the week, the questions were coming thick and fast !'
Link:
https://www.youtube.com/watch?v=0jUgxbLd6Es&feature=share