Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Infrastrata has come a very long way indeed since two shareholders rescued the company, turned it around, appointed John and crew as the Board, and it has now grown into a much bigger company, with not only the Islandmagee project, but also Shjpyards that stand a VERY strong chance of some Navy contracts, once we have left the EU, as we will undoubtedly need to be able to look after our own boats, in case we get into a contretemps (see what I did there?) with an old rival with whom we have had Naval Battles for centuries. Oh and disputes off Brittany over various species of fish.
One shareholder in particular invested a large chunk of Infrastrata shares money into TXP and RRE, and has done okay this year. He has now reinvested some of the monies into INFA, which should start to fly towards the end of the year, if not sooner. John has tremendous vision for the future and I don't think that Boris will let him down.
However, he has also just put a big chunk into PRIM Primorus Investments, and it will be interesting to see how the share prices compare at the end of this month and also the end of the year.
GLA
DANA
Why would the surge in hiring start if there weren’t already some medium sized contracts secured? I don’t for one minute believe INFA would be hiring they they are if they didn’t already have contracts secured or have very good indications that contracts would be secured. It takes time to recruit and onboard new staff in such numbers. Something is known that we don’t yet see - the evidence is in plain sight though!.
sea-miles - In relation to your 17.47 post I thnk you may be right in thinking that some or all of the management team would work across the two businesses. Certainly their job titles and description would support that.
Hadn't seen this H&W Board appointment before:
https://www.harland-wolff.com/meet-the-team/#perrykennedy
Given some of the contractual leverage and synergies that could flow from having two complimentary yards in Belfast and Appledore, should we expect the senior H&W management team to operate across both businesses?
Spells Yoyo. But, why have the messed with the format of the message board?
It's like ii did and people left in droves.
If it works, it don't need fixing. Duh. :(
Regarding Costain, the contract has expired now, which is probably a good thing with our current resources.
I hope we don't owe this lot any money, because they will be trying to rake in every penny after their news today.
Also raises the question in my mind as to whether they are a reliable partner for Islandmagee in the future.
stokey12- Agree partly with you, But changing the countries fuel system and issuing a contract for navy ships is quite a different proposition. implementing a Hydrogen fuel system Nationally will impact thousands of businesses, a navy contract will only impact a couple. IMHO
Tango1 In relation to your 17.50 post of yesterday I would observe that I am invested in PHE and we have been waiting for months for the government to announce its hydrogen strategy. So when the Prime Minister says watch this space I am not very confident. He could surprise me and come out with something in a matter of weeks but I am cautious.
before the ML or first government backed contract. It's clear plans are being implemented for "something" at H&W Belfast. Let's hope JW's plan to build infrastructure for Islandmagee is first on the list.
Harland & Wolff@Harland_Wolff1·4h
Our first Careers Open Day is coming to our newly acquired Appledore Shipyard this 10th & 11th September. Book your ticket here: https://harland-wolff.com/careersopenday/ #MadeInAppledore
Edit: Things are clearly moving fast which is a good sign.
Careers Open Day - Harland & Wolff
'Great to be getting started on our journey!'
https://www.linkedin.com/feed/update/urn:li:activity:6706995844660420608/
'WATCH THIS SPACE' what more evidence do you need to know the government are going to give contracts to INFA?
I wish I had another £50k to invest...
I think the land where the businesses operate is a separate parcel that is not included in the asset purchase. Otherwise, I am sure it would have been mentioned.
https://twitter.com/Harland_Wolff1/status/1301159844225875970?s=20
BTB
The following is a tweet from H&W following up on my earlier post - try to link in for the full speech.
Harland & Wolff@Harland_Wolff1·12m
Great to see our local MP @GRobinsonDUPand government supporting our wider vision to get Harland and Wolff back into UK Defence shipbuilding #levellingup #MadeInBelfast #MadeInAppledore
Link to Killik's brochure clearly their increased investment in INFA is a sign of confidence in INFA investment strategy.
https://www.killik.com/about/what-makes-us-different/
Killik adding....:-)
A member of the UK Parliament from the Belfast area ask Boris Johnson about contracts for H&W in Belfast & at Appledore. The Prime Minister said he could not discuss specific details but said 'Watch this space' with a wry smile.
This is just the start of questions & debate concerning the future of ship yards in the UK.
Si_Derman In relation to your 07.36 post the full charge document can be found here https://jmp.sh/U38hEGe. As I read it the charge is to provide security for the consideration for the purchase of the appledore yard. The other agreements are not filed so it could be that the other businesses on Bidna yard are tenants of INFA who now owns the freehold. I will have to give the document a more thorough read.
Part of the site has existing busineses running from the Bidna yard. Namely Hanson ready mixed concreate, a couple of garages and a recycling business. Maybe the charge on the land relates to them.
"The property is available on a new lease as a whole or in parts."
From this article from Devon Live
https://www.devonlive.com/news/devon-news/inside-top-secret-warehouse-empty-2661072
Yay, a free Henry as part of the deal. ;)
Here's the details from the agents selling the yard.
https://property.jll.co.uk/sale-industrial-and-logistics/industrial-and-logistics-sale-bideford-ex39-1uz-15418
Some better pics on this one.
The company now known as HARLAND AND WOLFF (APPLEDORE) LIMITED was incorporated as INFRASTRATA PROJECT 2 LIMITED on 18th June 2019 with the change to the new name becoming effective on August 27, 2020:
https://beta.companieshouse.gov.uk/company/12055724
Interestingly, the Nature of Business doesn’t define activities related to shipbuilding or ship repair, but instead shows gas trading and transportation, which perhaps suggests the Project 2 company was originally intended for the FSRU project.
Some have noted the Langham family’s historical connection with the Appledore Yard, and this appears to continue today by way of a charge against Harland & Wolff (Appledore) Ltd from Appledore Land Limited in which the family (John Christopher Langham - Director) have an interest:
https://beta.companieshouse.gov.uk/company/12055724/charges
https://beta.companieshouse.gov.uk/company/01098114/officers
Hi stokey12 - I talking about calander year.
Chrisatrdg In relation to your 14.04 post when you said 'hopefully taking them to break even cash flow wise this year.' Are you referring to the calendar year or INFA's financial year? The interim results will be intersting reading.
At last the lock gate is working now !!