Infrastrata Share Chat (INFA)

After the 2nd RNS added 800k, there has got to be something very compelling for JW to have succeeded got this placed. Correct me if I’m wrong but none of those nasty warrants attached.

I am an old hand at this game. 35 yrs in the stock market which has changed beyond recognition. And I still get things wrong of course. So does Mr. Buffet. I have a strong sense of right and wrong. Morality.
That’s all.
I never criticise your posts ...which are often emotive and forthright. You have a right to be so.
As do I.
A good chat board is depersonalised and supportive Disagreement is normal. I am peeved at what happened on Friday and feel it was a sign of the immoral side of the City and ( toothless FCA or not)...it’s plain and simply wrong.

......'Shameful of Infa for the 4th time. I did mention it gave signals of a Placing on Friday but shameful nevertheless Mr. Wood. But I expect your sleep will not be disturbed....'....

with all respect........Jesus H Christ CRL,,,,what do you want?.....the bloke has just made you into a millionaire!...........smell the coffee!!

Communication to SH has been poor agreed and I also am not overly joyed but what has been achieved could be the turning point, For a £5m macap company to raise £6m in hours is impressive, and it would not have been raised if the purchasers did not have faith (and to be fair that is their day job- not us pI's- so they know what they are investing in) if anything it should be a MAJOR buy signal to investors. I understand some peoples glasses are half empty probably due to the trend of the SP but when something comes along that can transform the SP it should be embrased not slated. AIMHO

Hi Setanta,
I completely understand the pessimism, and you are correct only 500% to go to get the sp back to those dizzy heights.
However look on the brightside, Infa a company valued today at barely £5M has raised £6M on the market and attracted some II's, I don't think in 20 years of investing I can remember an achievement such as this. I fully expected the bookbuild to fall short, and may have had to be cancelled altogether, I was wrong and I was amazed at how quickly we raised the £6M.
For me this would indicate the selling of this to the market must have had some hard numbers attached to it, why else the fast completion, it is not as if the placees could sell their shares back into the market for an instant profit as the sp was already at the placing price. You as well as I know how these usually work, the sp is .050 the RNS is announced, placing at .030? then you can be sure the shares will be disposed of rapidly for a quick buck, result, larghe fall in the sp.
I will now await the completion of this placing and the acquisition to be completed, then we can start looking at forward costs offset against incoming contracts, as I said before, there must be many and not just the IM project, why else would II's stick in £6M, certainly not based on the IM project alone funding H & W. Risks, costs, I agree, but I'm prepared to give JW the benefit of the doubt here for the next few months at least, I'm very interested where this could lead to! contract announcements also will be very telling?
Mr T

That is precisely my point. The daytime leaks. Shame on the broker or Infa. Or instis who may have buddies. City is corrupt. I knew that. I also knew FCA is a wet rag. They need videocam of a Securicor van being raided by a bank executive to ever do anything. Pathetic organisation which allows corruption.
But shame on John Wood for letting it happen repeatedly. Is this a lifestyle company again? I am told today low wages. Low esteem for shareholders too . On a 70% loss now after the previous Placing.
Their business plan is gung ho at our expense again. I agree with Setanta. Should have focussed in core project. What next?? Pipeline under Irish Sea.?
We will sit at 30/31 or lower for extended period as shareholders flip as do new buyers. Never-Ending Story.

but i do. There's a lot of excitement because INFA has raied £6m,(before expenses. How much?), but inter alia our BOD has agreed to pay the maintenance costs of Harland and Wolff up to 5 December ,(£500k), although we are not yet the owners. And if the deal is not completed before the beginning of January we will pay another £500K. So taking all those costs into account we will be lucky to have £4.5m available from the placing. 25% spent for nothing!
We should be excited. We now have Institutional shareholders. But we haven't been told who they are!
Contracts for our soon to be shipyard? Well let's wait and see! Shipbuilding as has been suggested by some here? I double doubt it! Savings on our other upcoming projects? Well we'll see in due time and that's assuming that those projects come to fruition
Look, I know that there are positives being suggested by this acquisition but there are enormous risks and cost attached. Still it's not so bad. The SP only has to rise 500% to be where it was in January. Now that IS a verifiable fact!

CR,
I can guarantee here and now there will be no FCA investigation, a toothless organistion that is effectively useless in all areas in my experience.
Officially any leaks and obviously there were some as the press got hold of this, were after market hours therefore nobody could have benefitted? Now on the other hand if news was leaked early doors Friday am then that is a different matter, it may have been but you cannot be sure. I suspect rumours were circulating all last week in and around the city, and some kind souls did leak the information hence the drop in the sp to very near the placing price.
Mr T

So for the so called LTH, if your really in this for the long term and actually have an interest and belief in the gas cavern project then your in this until the gas starts flowing because you can guarantee this morning’s intuitional investors are here for dividends not a few penny raise in SP so complaining about a 10% drop in the last 6 days or speculating about a 5p price in 6 months is just wasting a lot of peoples reading time. Remember owning 1pc of something is better than owning 10pc of SFA. But if a company with no money was the best bidder for H&W then John and Arun have taken on a huge challenge/risk and I just hope it doesn’t actually deter resources from or have a long term negative effect on the original targets at Islandmagee.

I have to say I am not surprised at this morning’s activities given Infrastatas recent ducks and dives – I am more surprised in some of the shareholders shock and anger – maybe you need to go to Specsavers if you didn’t see this coming or maybe you need to calm down and accept this is only a sign of things to come. It really isn’t hard to dig up information from the internet and come to realistic conclusions. Infrastata had to take a loan for the deposit of a shipyard that has been losing money for years and of course with 70 workers and a vast leasehold area was always going to have a large monthly cash burn (I agree with others this is probably half a million every month). So as smart as JW seems where was he ever going to get finance to purchase assets that cannot really be used anywhere else (I don’t think any bank could repossess 2 big yellow cranes and put them on Gumtree if mortgage payments weren’t kept up to date). Coupled with the fact that H&W has no secured contracts (this is why it went into administration) and potential profit-making work (i.e. the naval stuff) is years away means that any revenue the docks make would probably just to clear overheads and keep the place alive until the day that Islandmagee is actually approved and needs some steelwork made. So is seems the only way the rest of purchase money was ever going to be secured for the shipyard was to offer equity to someone (and obviously that deal was handshaked in the city last Friday – hence the SP dip, press leak, RNS and placing since). What I really don’t understand from some SH posters on here/Twitter (and try not put me in the same negative club as JR the ex-executive) but this is clearly not going to be the end of share dilution. H&W obviously is not going to add cash to the IF bank account anytime soon – if anything it is going to need more handouts and Islandmagee is going to need millions if not tens of millions to actually develop whenever the marine licences actually come through (maybe saving the local shipyard jobs will help accelerate the latter). Again, where is John Wood going to convince any institutional lender to give him extreme amounts of money to continuously dissolve salt underground for a couple of years before eventually putting gas in it and turning potential into revenueu for repayments. As I said before I think the technology is brilliant and I hope the environmentalists realise this too and back off so this can get going but I can see years and years of more share issues and dilution ahead because without it the original project just cannot be achieved.

You are lucky to have found two good opportunities!

100% got my support.

I don't have much AIM experience - pretty much INFA and bailing out of one small mining company, so probably a little naïve. However it does strike me that JW is coming in for a lot of stick more based on impact on short term share price rather than the best long term deals for the company, which are going to be hugely rewarding for LTH's (once through the choppy waters !). Would have been great to have sold at 2p and buy back in again now, but all out of crystal balls when I checked in January. I do hope that Shareholders support him at the AGM

Sorry....wrong board.

My view is this......If the other companies know there is an inside Nornickel man, they know they are going to have to bid probably even higher than market value if they really want to secure it.

China are not going to be impassive here!!!

Here comes the mother of all bidding wars !!!!!!!!!

3 Billion plus in my very humble opinion and for once, will NOT be happy to be proved wrong. We are now in a freshly built ball park !!!!!!!

Happy days....but DYOR !!!!!!!!!!!!!!!!!!!!

Longlad- to be fair JW has a lot of skin in the game!

Just saw the rns, definitely good news..just hope the institutional investors are reputable not like some of the recent acquaintance JW has made (Riverfort!)Notice that it was only Arun’s name under ‘director participation’!

Where is eu money please ?

I think it was Sunday the placing price was printed, Agree it was amaturish and disrespectfull to current holders but also agree it would not have changed anything.

Phoned Allenby. There will be opportunity for shareholders to buy at Placing price as stated but details( allocation) not announced yet.
On a personal basis I find it utterly shameful and worthy of FCA investigation that the Placing details were leaked to the market on Froday again(!) and systematically abused. Utterly shameful and if provable probably breaking FCA rules. But the get away with sh** in the City.
Interesting that Trinity Placing last May was not leaked. Sudden wham on the day. Different broker ....not that that has to be relevant.
Shameful of Infa for the 4th time. I did mention it gave signals of a Placing on Friday but shameful nevertheless Mr. Wood. But I expect your sleep will not be disturbed.

It is worth reading again:-
"The Company is now on the cusp of a transformational change. Along with the cost savings that will accrue to the Islandmagee gas storage project, this multi-purpose fabrication facility in the heart of Belfast is expected to provide multiple revenue streams. Upon completion of the acquisition, the Company will seek to enter into contracts as soon as possible with a view to kick-starting revenue generation, which will be a significant milestone in the Company's history. We are bullish about the acquisition as it provides immediate and near-term revenue generating opportunities as well as significantly increasing the value of the Company's balance sheet."

Trying to sell one of my other stocks to fund the next top up before the 0.40's

I warned Mith 1967 yesterday of KARMA and what happened to OEX = KARMA, I never go and post on boards i dont have an interest in.

Bloody hell that is impressive, all done and dusted. Ive know bookbuilds fall well short of the intention, so I for one, am very reassured.
Infa is now a completely different beast and if the instutions are backing this with 6M then that is good enough for me.
I was going to add this morning that JW and the broker must have had some inkling that the offer would be taken up, otherwise they would not have gone ahead. What was it Doc H said, Infa desperate, well Doc eat it as doesnt look particulary despearate to me.
well done JW and the team, now the real fireworks may be unleashed.

Mr T

A quick book build!!
I'm looking forward to a deluge of good news over the next 6 weeks.
Chair first maybe?