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I have just been watching the 'Liaison Committee' on the Parliament TV network which took place this afternoon & in response to questions raised by Tobias Ellwood Chairman of the Defence Select Committee Boris Johnson was very enthusiastic about future shipbuilding that will take place in order to satisfy the current requirements of the MOD.Boris was clearly very enthusiastic about what this could do for the MOD & I saw this as a sign that he saw this as something to boost the UK economy.Watch this space. (For those wishing to look it comes right at the end of the meeting).
Loosegoose In relation to your 16.45 post I did notice that and I am following up on that.
Thanks Stokey12. If you checked on the company website then it is outdated i.e. before the last placing.
Loosegoose - I have just checked and the signifcant shareholders hold a total of 40.6%. I am not sure if any of them increased thier holdings. I am not sure if there is anywhere of getting a complete list of shareholdrs other than asking the company secretary or the company registrar.
Does anyone have any ideas about who took the billions of shares in the recent placing? There were a few RNSes about holding changes and I cannot get them to add to anywhere near the placement. It is even possible that so many new shareholders each took less than 3%. Was the same with a previous placement where 600m shares were basically missing from sight.
Thanks for the info stokey
QuantumStar In relation to your 13.40 post while the linked video is important it does not relate to iNFA and you should have flagged it as off topic.
Tango1 - In relation to your 12.20 post I would disagree as the Lords would probably amend and it is not certain that the Commons would overturn all or any lords amendments.
Stokey12, Agree with your comments, but we should have an idea of intent next Tuesday.
Tango1 In relation to your 11.59 post next Tuesday is only the conclusion of the Committee stage in the Commons of the Internal Market Bill. The Report Stage and Third Reading stages in the Commons still need to be done. Then the whole thing starts again with the same five stages in the Lords. If the lords make any amendents we then have a ping pong until we have a version that both houses agree on. It may be a couple of months before it finishes all its stages.
I have just come across this article https://www.belfastlive.co.uk/news/tv/paddy-raff-shane-todd-tv-18912621 If you scroll down you might ee an interesting mention. Spoiler a TV programe is always good advertising.
I can't help but think that all funding/Contracts/Permits are on hold until at least next Tuesday and the single market bill conclusion, The EU Club are putting a strangle hold on the UK, any state funding (currently) would be scrutinised by the EU Club, regardless of the handouts to Lufthansa and Airbus the EU have given. This I believe is one of the main reasons for buying Appledore.
IMHO
JWs vision has always been multiple projects, which is definitely coming to fruition with H&W, FRSU, Gas Storage .. but still feels like the same two major elusive milestones are the only things that will really move the needle .. ML & FID .. a Global Pandemic definitely hasn’t helped but maybe emerging from it might
skin In relation to your 10.08 post I did email INFA to ask about an update this is the response I got
'Thank you for your email.
We normally issue a detailed trading update twice a year; once on the close of the half year on 31 January and the other at the time of announcement of the annual results on closing of the accounts at 31 July each year.
We are now in the process of completing our annual report which will contain a detailed trading update. An announcement on the annual results together with a trading update will be made as soon as they have been finalised and signed off by the auditors and the Board of Directors.'
So we have about two months to topup our holdings before the next update. I would expect the share price may have shaved a bit more from this point. Judging by the amount of work that appears to be going on at H + W the next two sets f results may make interesting reading.
In short thats the AIM market. People need news to stick around and in RNS lulls (get used to it with INFA!) the SP slides. There will be a little bit in the "next few weeks" JW comment on ML too...as time passes no news could get people to cash their chips and we are already in that window.
Nothing too alarming but noticed there has been a steady drop in the share price in the last few weeks. Does anyone have an explanation why please?
Excellent info and insight on that FB page.
Thank you for highlighting
For anyone on Facebook, there's a group there called 'The Shipyard'.
There's some great pics posted there today from the guys working in H & W where they've stripped the shaft and hub from the Oceanex Connaigra. It's a 50 ton shaft and one heavy looking lump of metal that's been removed.
I thought this might be of interest to some folks here.
If there's someone else that's more tech savvy than me and can repost these photos here please feel free to do so.
Wattamess...not sure what you are getting at. I did not say I could predict 90% of trades just that I could tell of the direction from the historical flow on this site. As for wealthy, not really but comfortable. I have being trading PA, off and on for 40 years, having held companies throughout the world. If you can make money on 6 out of 10 investments, you will do well. Good luck to you and I wish you continued success.
Cheers Lottie. You've quite a CV. It's always good to get an outlook from folks with experience in markets or an insight into INFA activities. Peeps like yourself and Daws are good to have have in the chat here.
I simply regurgitate what I read and being the optimist (that most AIM investors are), I'm always looking for the positives.
On the subject of positives and referring back to your post Lottie on pollution, propulsion and hull design, this is an article from 3 months ago on just that. Not linked to INFA, but being made in Belfast and in the same harbour as H & W. Who knows what the future holds with this.
https://www.businessgreen.com/news/4017015/belfast-zero-emission-ferry-project-gbp400m-uk-government-funding-winners
I believe, from experience, I can tell the direction of about 90% of trades. I do not have a lot of AIM knowledge and have no intention of changing that. However, I started in the early 70s in Merchant Banking then onto stock exchange as a jobber...i finished my career with Merrill then Lehman brothers broking European shares to major institutions and government funds.
As for the comments about shipping....i spent a lot of time in Athens during several Posidonia and had many big shipping companies as clients. Although 90% of goods have travelled by sea, either as finished article or component/commodity, it is the last bastion of huge pollution in transportation. If INFA is to be successful, new propulsion and hull design will be the biggest winner, not competing with the mostly bankrupt yards of Europe. These yards will keep margins for maintenence rock bottom.
The money in Shipbuilding... yes
In Gas storage... No longer sure tbh
Hydrogen can save INFA until the next spped bump
Lottie. Can I ask where is the most accurate place to see the buy and sells, and the quantities of each ? I understand the Share Trades section of this site can't be taken as accurate as it depends on the buy/sell price and the spread between them. I believe buys can show as sells, and vice versa.
It would also be interesting to know what the general sentiment is in 'broking circles' around the INFA management team and UK ship building in general in relation to where they view it potentially going. Do you still have any contacts in those circles or able to shed any light on this ? Obviously we're all dealing with crystal balls but an insight from these folk (if possible) would be interesting. I hope you don't mind me asking this but from previous posts I believe you have experience in financial arenas (for want of a better term, lol). Ta.
With little, other than positive comments and a few ships docking for refurbishment, there is little upside potential for the share price given the large, persistent seller. Of course, it may be several. Without concrete evidence of positive cash flow and orders books capable of justifying the significant increase in spending (employees, legal ect) all the strong buy notes, from brokers, will be unable to drum up enough buying interest.
As the old market saying goes, Where There's a Tip...There's a Tap. In this case, the brokers did well to get away the latest funding but it appears, in some loose hands. In a recent survey on bloomberg, the number of institutions shunning fossil fuel investments has and is, growing rapidly. If this was a story of great shipbuilding success alone, I think the audience would be larger. The fact is, the big story is gas storage. I remain committed to this investment but as I have stated before, reduced my exposer due to the seemingly never ending delay of the ML. The longer this situation continues the more I feel the environment lobby is gaining the upper hand. In October, with no news, I will reduce still further.
It is a top team. Now they just need to convert the strong order pipeline into contracts. I believe they will do it. They are driven and capable to build this into a large company. Patience is a virtue many are battling with. I am in for the long run. ML news must be coming soon - again!