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MajorT, In my opinion we are gearing for a perfect storm and don't think it will be a case of getting in when it starts as when it does I think it will be major. AIMHO
Exciting plans. Means a lot coming from someone like JW. He's not the type to hype up prospects without foundation.
If he say we have exciting plans, I am excited. Just hope the market can get excited about INFA too.
Thanks Tango.
Spoke to someone re- Appledore yesterday and they were saying that wind-renewables has been definately been spoken about at high levels as regards work for the yard. Also fishing vessels for the Faroe Islands and support ships for Iceland and Ireland. Some of these had been talked about before the yard closed so not sure how much weight they carry. But, smaller craft were talked about when we took over as possible work streams.
Regarding the Atlantic Arry, the original proposal was scrapped some years ago due to opposition but there was renewed interest back last year with proposals to move it further west and North into deeper water beyond Lundy and out of shipping lanes.
For TTNY's benefit that translates to floaty, floaty wurley things. ;)
Laters, late for work.
It really does show how close to the edge the UK is running regarding energy supply, and we are not in winter yet..
The national grid has warned of short supply over next few days due to low winds.
Morning Si, the Tweet Basically said that wind farms still need gas backup for energy.
If I may politely ask if you are going to post about a tweet/linkedin could you please include the message as some don't have access to such platforms.
Cheers
Wind farms also need support ships to service them .
Just saw this tweet from INFA https://twitter.com/InfraStrata_Plc/status/1316613989510590464
https://twitter.com/Harland_Wolff1 - see below:
Harland & Wolff RetweetedTitanic Foundation@TFL_Belfast·5h
'SS Nomadic, the ship which took passengers to RMS Titanic from Cherbourg Harbour, is undergoing restoration works this month which will be carried out by original builders Harland & Wolff, who completed the ship in 1911.'
Full story >> https://bit.ly/3jWSTGw
#MaritimeBelfast
'Great day in Belfast with the team and touring the yard with guests. It’s great to demonstrate how far things have come in a short period and talk through our exciting plans as we continue to grow.'
https://www.linkedin.com/feed/update/urn:li:activity:6722232092924645376/
Thanks for your reply Stokey. It's an interesting last point you make and to me would demonstrate the type of bod we have. Like others said, I think JW is here to create a monster of a legacy, and not for short term money making off our backs. Will be very interesting to see at what point dividends are declared as to answer that question. Re Instagram, I refuse to use it. Maybe coz I'm getting on a bit, so il stick to twitter and hope others too will share any insights from it. Finally, I'm starting to get quite excited about the wind turbine potential having had a couple of days to ponder. Good luck all and let's hope for a juicy rns at 7am!
Hi Lottie, regarding your 14h32 post, despite currency moves, let us remember that the countries you refer to also offer very large state protection schemes to increase international competitiveness. If they decide to go for something, then they go for it and nothing stands in their way. Companies from the West can’t compete and need to find niche offerings - unless the government can find ways to help within the myriad of self imposed legislation.
I am not on Instagram so this tweet is not much use. If anyone is on instagram can they update. https://twitter.com/Harland_Wolff1/status/1316350621956689921
The Chinese Yuan has been hitting 12 month highs recently and the government are doing all they can to restraint it. It would be a blessing if the Chinese, Korean and Japanese currencies could make much higher ground, say 10-15%. This would immediately put H &W in a stronger pricing position. I will update if further signifcant upside is achieved.
Given the global perspective of this article, it's nice to read the following in this industry publication (H&W are at #5 in the list):
"The other major shipbuilders have experience and goodwill, both of which are important in this industry. For instance, the shipyards of Damen (Netherlands) and Harland & Wolff (Northern Ireland) enjoy enormous goodwill amongst prominent ship operators and continue to be the sole manufacturers for some established shipping lines."
https://www.marineinsight.com/know-more/list-of-major-shipbuilding-companies-around-the-globe/
That's what you want as a new MD when you're trying to rebuild a business that's been on its knees.
Sorry...at the end of my piece on dividends, it should read...would be seen as foolhardy
I think estimating a penny per share dividend is about right given AIM stocks yield around 1.5%, FTSE 250 2.5% and FTSE 100, 4%. As for the merits, a dividend should only be considered for payment if the current revenue is expected to be maintained or increase. Its always a sign of the managements confidence in the future prospects. I concur with the general consensus on here that self funded growth is the key at this point and with potentially significant capital spending requirements on the horizon (fingers crossed)...paying a dividend would not be seen as foolhardy.
As for light volume, I see our large seller has been in evidence again. It remains to be seen if he is content to sell in days of significant demand or, if we have several low volume days, he pushes on and forces the share price lower. I notice from the charts that we are in a slightly ascending wedge formation with significant support at 36 and resistance at 42. For now, with the absence of solid financial information, we should stay within that range. A close below (36) or above (42) would induce me to act. Reducing on the former and adding on the latter.
Jabido In relation to your 11.39 post I do not think we are much disagreement. My view is that up to a third of any profits could be used for diviidends with the rest being used to grow the company. On the question of timiing from recollection the retained deficit on the balance sheet is circa £29m. Before any dividend can be paid this would need to be cleared. The two ways thatcan be done is by either cancelling out the Share Premium Account if there is enough in it. The alternative and my prefernce is by the accumulation of retained earnings. From the work that has been going on at H &W I would anticipate that INFA may reach the situation where there are retained earnings by the end of this financial year (31 July 2021). If that proves to be the case then dividends can lawfully be paid from then. I think when dividends will start being paid from depends on the shareholdings of the directors.
For me the first priority should be getting the hell out of the AIM exchange.
It was only by a few minutes Jab, lol.
The term makes me cringe the way it's overused these days, but, we're singing from the same hymn sheet Jabido.
Looks like u beat me to it TTNY haha
First off thanks for providing that insight dawski. Stokey, thanks for your continued contributions to the board too. Can I ask... You have mentioned dividends a few times. Can you explain your rationale behind it again please? I think I'd much rather infa retained moneys for the time being as a buffer. Particularly as it would assist in securing larger contracts - (companies want to see we have the money to see out the works). Out of interest, At what point are you anticipating dividends to be announced? I'd love to get dividends some day but I think a couple of years of income building would put me at ease first
I know a lot would disagree Stokey but i definitely don't want to see any dividend from INFA for quite a while !
There are pros and cons of a company paying dividends. Pros are it makes a stock more attractive to new potential investors to buy. It encourages existing holders to remain loyal. It can encourage investment and pension companies to have a stock in their portfolios, etc.
Disadvantages can include, it slows growth opportunities for a company to reinvest if they're paying profits out as dividends.
JW has big ambitions for INFA and these will obviously require funding. I'd prefer to have any profits accumulate to fund further growth at the minute rather than the need for further borrowing. We've previously seen borrowing with the likes of Riverfort, and although this was necessary at the time, borrowing (at sometimes not the most attractive rates) can have a negative impact on a share price.
We're maybe jumping the gun a little too talking about dividends, although it's good to look ahead. We need INFA to be profitable first before the discussion of dividends is a possibility.
I see we are having another day of low volumes. I presume everyone is keeping tight hold of their shares as they should in my view. The low number of shares means that you would not need a large amount of funds to pay dividends. If my maths is right a p a share dividend would come up to £650k.