The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Lol Speedy, I only read it for Owen Jones column
Great post Spud, I’ll bet you a Scotch egg, that Shipbuilding will add greater value to Infa than IM, although I’d be chuffed either way . GLA
Great find Spud.....a real trseure trove of info revealing now JWs strategy and future direction. I must say I'm surprised that a plumber would read the Guardian!!
Hi spudtheplumber - Great post & adds more meat to the bone.Provided JW can deliver on all his projects as planned in the last RNS this SP should at least double in this quarter and for me its all about the ML.
It will be interesting to see what comes up for discussion in Parliament in the next two weeks starting Tuesday particularly
PMQ 's on Wednesday.
I am still of the opinion INFA is a 'Strong Buy'.
I was looking at the interim results this morning and I noted that in the short period from the purchase of H&W to the end of January it made revenues of just over £500,000. This begs the question when we get the year end results at the end of the year what will they be like. Also next year we will have a full year of H&W Belfast and H&W Appledore. I would not be surprised if next year INFA moves into profit without the income from the Gas storage businesses. I am almost ready to move this from a hold to a buy.
A bit more info now tells me it's coming into the BB dock. I'm still trying to find out what it's in for but in my view its a long way to come from Canada for routine maintenance.
Confirmed for sure and, yes ...well spotted indeed --it's on it's way to the yard not just the Port and there may be a link with the departure of Viking Sun --Mukran in N. Germany is a Baltic Port for the Scanadavian and Russian trade and ferries (both rail and vehicle) and it has an admirable webby site ..not really a ship repair or shipyard place at all ..interesting destination therefore .Lots of comings and goings for September ..just hope that they are profitable !!
ThisTimeNextYeer
Well spotted.
Looks like good info
https://www.vesselfinder.com/vessels/OCEANEX-CONNAIGRA-IMO-9649718-MMSI-316025676
It'll be interesting to keep an eye on those other Vikings Longlad.
In the meantime the 210 metre Oceanex Connaigra has recently left Canada and I'm of the understanding it's on it's way to Harland & Wolff at the minute.
This big girl was in H & W 6 years ago and itll be good to see her back again (assuming my info is correct).
There are three other vikings listed under ‘similar vessels’ on the vessel finder site.
One is sailing through the Malacca straight, another is in Mukran, Germany and another‘Viking Jupitor’ is off Norway.....so let’s see where those boys sail to
I see the first of the Viking ships has just left H & W half an hour ago. Viking Sun is on it's way to Germany now.
Stena Scotia must be nearly completed too so hopefully we'll be seeing another vessel in soon with the released dock space.
It's the 30 > 40 shuffle, as I posted in December.
It is comedic really, we are negotiating £20m-£100m contracts and have a MCap of £26M. I can see a major correction coming very soon and where it ends up is anyone's guess IMHO
Razor- Totally agree, Like the first of the £20m-£100m contracts would be nice :-)
Tango if we get someone who can keep us up to date with the developments that'd be great. Not forgetting RNS cost a lot, so only important stuff.
See on BBC business website. Seems to be developing a similar service capability as Infrastrata in Scotland?
200k and a few others amounting to £100k - hmm...huge moves for lil' ol' INFA. II flippng a quick buck maybe?
She was the Communications guru!!!!! lets hope the door does not hit her on the way out.
TTNY yeah, it's why I said JW & the board have pulled another rabbit out of the hat with this acquisition. They said the company would achieve maiden revenues and then it did shortly later, and they've said they hope the company will be cash break-even soon, well I don't think it'll be difficult to achieve that considering all that's in the pipeline. Just to wait for the news to keep rolling in, the level of cash to get higher and higher until we're in profit, and then in dividends too.
I bought into this company when it was around 0.8p or maybe even over 1p so I'm still going to be underwater in this for a while, but I've got complete confidence in them
Soz, typo in my last post. It was mean't to say 'This sentiment is being fuelled with us leaving the EU'.
Surely H & W and Appledore must get something from the Government contracts ? All the indicators from the Appledore purchase must point to something ? Boris being there and the hints he's made i feel must being going somewhere. I can't see him setting himself up with all the fanfare that was the Appledore Yard being brought back to life for there not to be something in the planning. Also JW being the astute businessman and negotiator i believe he is, why would he buy a derelict ship yard with only one current employee and a yard that was recently discarded by Bab**** . . . . and with nothing being promised in return ?
Lets face it (or maybe I'm being too cynical), but aren't most Government decisions highly influenced by public sentiment and the public sentiment to buy British and build British is gaining MASSIVE momentum at the minute. This sentiment is being fuelled with us leaving the UK, our possible lessening of our 'Europe' love, the massive job losses as a result of Covid and desire to 'build Britain better' and also (dare i say it), the camaraderie of the British people to 'look after our own' and support each other in tougher times.
This is such a vote winner for Boris to award these contracts to UK companies and to do it with the pomp and presentation of 'these contracts could have been done abroad, and done abroad cheaper, BUT, we want British built ships, built in British shipyards and to enhance our British naval fleet and that's why we're giving our heavy engineering sector a massive boost by going British'.
Before it's said back I know Team Resolute is led by Spanish company Navantia, however not just JW is a negotiator, Boris is too and he could specify the majority of works be completed in the UK. With INFA now having H & W and Appledore this surely also strengthens their case and ability to complete contracts such as these.
I've attached a Business Live news article where Labour and the Unions are also beating firmly on the build British drum.
GLA
https://www.business-live.co.uk/manufacturing/labour-backs-campaign-15bn-warship-18842726
Probably in response to a strange tweet yesterday. This outfit means business.
Directorate change RNS has just been released