Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Personally i think it’s a fantastic RNS and i’m more than happy to sit back and enjoy the journey.
Given time this company will become very successful i’ve absolutely no doubt about it.
We will do a 100% plus rise in a single day before xmas is my prediction and a market cap of £400m in 2-3 years
Not selling a single share until it does exactly that and even then i’ll probably still keep hold!
GLA
BTB
So now the ML / MOD could create jobs in 2 parts of the UK, and with a footprint of Appledore could secure a couple hundred local jobs and boost to the local economies. Just need news of good contracts to light the fuse paper.
Happy the shares will be at 14 day average and over 40 months very reasonable. ML in next few weeks ties in with greenday ("when September ends"), we may just be entering a rich news period:- Lets hope so!
A very interesting RNS one thing I picked up on is the land by the sea. If this is not needed for the shipyard it might make a very nice marina with apartments. Hopefully HMG will speed up the export guarantees for the work at Appleyard. On the whole it is starting to look like my punt on this share might pay off.
New included as part of the 1000hours News broadcast on Classical Radio. So it has had national coverage
You will probably find that B’s accounting system places an overhead charge on Appledore to cover B’s central costs.
When the overhead charge is removed things look different.
B will make decisions based on the overhead charge being included, as it has to account for all costs.
Infa, or a management buy-out, wouldn’t necessarily need to consider these costs in their decision making. It’s all accounting smoke and mirrors!
Appledore is probably viable in its own right but requires “mass” and access to funds created from that mass to grow – very much like Infa is currently doing. The trick is to ensure that the mass growth is controlled and finance (cash-flow) is available at all levels – and of course central costs are minimised.
Perhaps the next move will be along the Humber?
Bab**** gave up on Appledore yeras ago. I know a few people that had to move to work at Devonport instesd.
Good for the locals if there is going to be work again.
All the other bits in the RNS are encouraging.
Providing the government follows through with its regional regeneration commitments, it makes some sense. The IM is positive in that it gives a short time frame for decision but slighly concerned by the need for such pre-emptive, high powered, legal advice. Lastly, I would like to know if there is a traditional LOCK UP period for the new shares issued (re Appledore). If not, it may be yet another large seller sitting on any upward momentum.
I continue to show 'Strong Buy' & this RNS further supports that view.I did wonder what was happening during the last few months 'quite period' & did wonder as others have that something was brewing.
The update on the ML is encouraging & if time targets are met means that September could be a decisive month for the SP.
You have to admit that JW certainly has the you know what but my only caveat is that INFA must be buying from Bab****s who have decided that for them it is not profitable or not now in their business plans.
While on holiday in Devon a few years ago I watched as a navel vessel left the Appledore Shipyard it was an impressive sight.
In summary a positive RNS.
Another key, strategic aquisition normally considered to be in the domain of substantial /multinational sized organisations. The fact that a modest, newly established entity is able to buy theses sorts of asset speaks volumes.
Lets hope HM Gov start to back their rhetoric with grants etc as INFA and the likes will become a key part of any infrastructure rebirth in the UK much needed post Brexit .....and everything else.
For the investor and particularly us (PI's), its a more difficult 'call', as this Co's laudable business plan will be extremely capital intensive and whilst JVs and partnerships will undoubtedly feature, so too I think will be further equity raising.
All IMO of course.
Think you will find it's in Devon, not Cornwall. :)
It's very local to me.
Nice acquisition new yard in newquay
Whatamess. A long time ago I too came here because of Islandmagee but it seems the closer we get, the further away we remain. I recall JW's emphasis on delivering "shareholder value" and yet today I'm 60% down. If ML and/or FID does not materialise where will we be? My enthusiasm has turned to worry and the lack of communication is making INFA look like other AIM losers.
I respect Covid has compounded many issues but I think JW has realised business "variables" often make it impossible to accurately forecast and reach the milestones ON TIME, unlike the FEED process.
For example here are relevant excerpts (I have capped) from recent RNS's:
30 March 2020
With the information currently available, the Company expects that this will meet its previously advised timeframe of committing to a Financial Investment Decision for the Project BY THE END OF H1 2020. The Company understands that DAERA is still fully functioning at this time, whilst observing the Government's COVID-19 advice.
30 April 2020
In the meantime, the focus of the Company is to obtain the full marine licence as soon as practicably possible and have a project that is "shovel-ready" for immediate construction AS SOON AS FID HAS BEEN TAKEN.
10 July 2020
The fundamentals of the project have not altered, and the Company has resumed meaningful discussions with both the UK Government, Northern Ireland Executive and project equity partners as the lockdown has been gradually lifted. Accordingly, the Company will keep all funding partners engaged and continue to WORK TOWARDS A FINAL INVESTMENT DECISION ("FID"). In the meantime, the focus of the Company is to obtain the full marine licence from the Department of Agriculture, Environment and Rural Affairs ("DAERA") as soon as practicable.
I agree Tango. ONE rns since December announcing NEW money coming in. No wonder the SP stagnates. The few other notable RNSs are filled with "jam tomorrow"........like this from the placing RNS:
The three sisters will initially undergo a series of repairs and maintenance works, with an enhanced package of works currently being discussed by the technical teams of Viking Cruises and Harland & Wolff, which could be worth in excess of £25 million over the next 12 months.
Where is today's jam? Patience, which has fueled me, is running very low.
The fact that labour talk about 'Spanish led' isn't necessarily a negative.
In this at times very perverse world of politics, it might even be a positive. Tories being Tories, they won't want to be seen to be directed, influenced or instructed by Labour on what's best for the UK. Heaven forbid that Labour might get the credit if the Government did go for a 'more UK' based consortium.
The perversity kicks in with the Tories possibly saying we're not going to do what 'they' say.
Please no-one kick me with this over simplistic view of mine, but when you're dealing with politicians making the decisions some cynics might say that egos, personalities, relationships, future votes, etc are all involved in the decision making process and don't rule anything at all out.
I'm going to open my wee head with some thoughts here.
I've seen some recent posts here where some people are getting frustrated with no news and stating certain timescales they're going to give it before jumping ship. Well I've been the same. I'm frustrated, very frustrated, at very little news being fed to PI's. I've not thought of selling up but have seriously thought about reducing my holdings.
I'm still here though, and with time on my hands I've given this a lot of thought as to what i plan to do next. The frustration of silence from the company on what's happening has me concerned. The longer it's going on has me more concerned. Now ! Maybe it's just the optimist in me (and the result of having this too much time on my hands), but this silence now has me a little excited. I'm staying exactly where i am. Invested !
I don't believe for a second that JW and the board are consumed with discussions among themselves as to whether they have Ginger Nuts or Jaffa cakes with their morning coffee. They're obviously up to something with their time (and not telling us in BB's, social media or RNS's). The longer the timescale that we hear nothing indicates to me that they're working on bigger things. (I'd just like to know in the meantime how busy or otherwise they are with the smaller things, ie is the Viking and Stena work sufficient to keep the boys busy in the meantime).
Anyway. Back to the bigger things. Assuming the limited news flow indicates they're working on bigger things then we're in for something very dramatic on the strength of this when news does come. Now 'dramatic' could be positive or negative. I feel our 'dramatic' is gonna be a massive change one way or other in the share price. Depending on the results of these bigger objectives we could see a dramatic fall or indeed a dramatic rise. Thistimenextyeer believes that this time next year we're definitely not going to be at 37p a share. Closer 3.7p or £3.70 might be more accurate.
This share excites me more than anything else in my portfolio right now and i'm prepared to sit tight and with an understanding that either of these prices are very very possible.
Positives i see to take the risk include, the massive upside potential, the management team in place, JW's own skin in the game and more so recently are the II's that are onboard and how easy it was for the recent capital raise with them. I don't believe for a second these II's have invested without some sort of knowledge and this is the knowledge us guys as PI's haven't been given.
To summarize, i believe there is potentially exciting news there, but we as PI's aren't getting it yet, just the II's are. There are commercial reasons for this and i accept this.
Fingers crossed for all of us here and obviously no-one make any investment decisions based on my thoughts or what I've said here (although i don't think i've said anything much at all with this wee rant, lol.)
DYOR a
whatamess- personally I don't Blame JW as hopefully he is working on big contracts and the Navantia package, But I do not see any worth in the communications director- she is basically a chocolate fireguard! And she is supposed to be an expert........ (x being the unknown quantity and spert a drip under pressure)...
freelark- the ML is in the lap of the gods, but NI need work to sustain its economy and UK need Gas storage, INFA can offer both and ready to go, I said end of September for news on ML and do still stick by that but it could come anytime now.
Reminder of earlier tweet by H&W:
'We are making the most of our blue skies in Belfast, filming our Director of Business Development, Defence-Mark Lawther-in preparation for #DPRTE’s virtual conference #navalshipbuilding'
Below is the link to the brochure to the above event & note Navantia are a 'Gold Sponsor'
https://www.dprte.co.uk/wp-content/uploads/2020/08/DPRTEngage20-Pre-Event-Planner.pdf
I invested in a company that was planning to build an underground gas storage facility. I didn’t invest in a ship yard, or a ship repair company, because I know nothing about shipping. So, my question is, can anyone give me an educated guess as to the possible fate of our gas project, and what the progress, if any, on the marine licence is???
Cheers
Navantia on a roll this year with 75 contract tenders - WOW! A few scraps thrown our way would be nice??
All non Spanish speakers should use Google translate for the link:
https://www.diariodecadiz.es/noticias-provincia-cadiz/Navantia-presentado-ofertas-contratos-Bahia-cadiz_0_1494750787.html
https://www.mirror.co.uk/news/politics/labour-unveils-built-britain-test-22565163
It seems Labour sees Team Resolute as "Spanish led", favouring the other UK yards. The plot thickens.....
Never a dull moment here, excluding the last fortnight!
It will be raining.
But as we inch towards September I am sure the RNS button will surface especially if JW has been going through the board.
Whatamess q4 my guess,Tango I understand your point but think that they are waiting on these two contracts before introducing the pr bit to interest institutions to look at investing imho just my opinion
Tango, I know what your saying. Seems to me that investors won't pile in until the ML is signed sealed and rubber stamped. The timescale for decisions of this kind are notorious and should be taken into account if investing.
Yes great if it goes ahead . I have a feeling at the moment the BOD may be in a bit of a quandary on how best to utilise the yard at the moment ,giving the hopefully imminent decision regarding the ML
Hi Drango, I agree with what you are saying, but INFA has changed the way they communicate and at a crucial time, It should be the most fruitful time but it is becoming the worst, we have a money making company bought for peanuts and 2 potential goldmine projects yet the SP is lower than pre FEED.