Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Definitely, and alongside Edwin Poots , ( who I believe makes the ultimate decision on the marine license ).
Would be nice to see, Brandon Lewis up there one afternoon
Gavin Robinson@GRobinsonDUP·17h
'A huge honour to be asked by Harland & Wolff to join with Key Workers & NHS staff on top of the cranes this evening, for the final show of support.
What a view!!'
https://twitter.com/GRobinsonDUP
Edit: Gavin was one of the guest at H&W last night see H&W earlier tweet:
Harland & Wolff@Harland_Wolff1·23h
'At 8pm tonight, we will sound our sirens for the last show of support for all our key workers and NHS staff. We will be joined by
@GRobinsonDUP, civil servants, NHS staff and a Belfast-born bagpiper performing in tribute to all of our everyday heroes
#clapforkeyworkers'
https://twitter.com/Harland_Wolff1
Cheers Chris. Ta for posting the H & W map.
Soz for posting the same as yourself. I think you must have beat me by seconds with the new ship post as we're both posted at 15.13, lol.
Hopefully it's a bigger and longer job than EC last week.
Yes see my post below & yes it is in the main dock per the H&W map.
https://www.infrastrataplc.com/harland-wolff/
Sorry. Here's the link :-
https://www.vesselfinder.com/
I'm not that familiar with the H & W site map but if I'm not mistaken this looks like its 'Arrow', a roll on roll off cargo ship is in H & W dock area.
It's not the same dry dock area that European Causeway was in last week but looks to be in H & W site area.
Can anyone confirm if it's in our dock or know anything about any work being done on it ?
I believe we have one more vessel in dock in the main dock name of Arrow a roll on roll off vessel.
https://www.vesselfinder.com
Belfast shipyard siren sounds tribute as UK claps for NHS, perhaps for final time:
https://www.belfasttelegraph.co.uk/news/health/coronavirus/belfast-shipyard-siren-sounds-tribute-as-uk-claps-for-nhs-perhaps-for-final-time-39242764.html?
Looks like crux may be in the brown stuff (5mill sell), Just guessing but don't think PI's would offload at this juncture. AIMHO
I believe there will be some costs, regarding lapsed permits etc
What an excellent RNS!
Infa have previously flagged up a regasification project as being a business opportunity they wanted to explore and clearly have researched this significantly before getting anywhere close to today's agreement.
These projects don't come cheap and partnering was always going to be 'key' going forward. Doubtless, they will have sounded out potential candidates already and received the necessary encouragement before now getting down to serious discussions with Joint Venturers etc.
Shareholders are looked after given the pricing structure of the Warrants etc which is fairly astonishing given the stage we are at with Infa's development.
Long way to go, but boy, these are serious players here, make no mistake.
We are not committed, so Infa have essentially secured an option at no cost AND they can walk away without penalty if the FID doesn't stack up.
OK, the cynical among us could say the vendors must be desperate (and I haven't yet researched their background), but this IMO is as good as it gets for a new business reinventing itself.
We await further details with a great deal of interest I suspect.
B
This may be the last chance in the sub 0.040's
It is a pity they could not RNS turnover for May or April just to give us some idea of EBITDA.
Tango ,agree there
We could do with some meat on the bones RNS's, Money in is the only driver, no matter what projects with whatever future potential are announced-Only contracts or permit to work is going to move us from this point. I am sure they will come and it will probably be like waiting for a number 7 bus! IMHO
The FSRU project is a fantastic addition to the portfolio. JW very clearly laid out his 3-5 year strategy of building a portfolio of assets. Each of those assets can stand on their own in their own right. Each asset is strategic; there is severe lack of storage in the UK, H&W is a nationally strategic asset and the FSRU is the first of its kind in the UK. One just needs to look at the LNG flowing into the UK to realise the massive upside.
The fact that Infa pay nothing upfront is very clever. The consideration is tied to FID which is brilliant. Effectively, JW has created a call option on the project for free. At annual revenues of c£90mm, the consideration at FID is really small. The fact that the seller is accepting warrants at an exercise price of 5p just goes to show the confidence that the seller has in Infa.
At 5p, Infa's market cap in 3 years will be circa £200 million. If the seller is selling the project on the basis of that kind of valuation, it says something. They are a fund manager. They are not stupid. They see immense value being generated in the next three years.
It could be also whom eventually funds Ireland will have first option on the new project ,
JW A bit canny and I suspect it's all mapped
Bit like the h&w deal I suspect JW will have sounded out a few ii to back it .
I reckon the money to fund it has been given ,
H&W was a masterstroke imho , the ml soon to be in place , looking good
From the RNS, " FID currently estimated to be taken within 36 months of execution of the SPA"
So, got time to save. :)
By then we may have built a couple of ships, made loads of wind turbines etc.
Jeeze, we may even have the ML decision by then. :)
In 36 months when we’re delivering on the FSS defence contract.
Another important point to note “ Where FID is not taken, no amounts will be payable, and no warrants will be issued to the Vendor”.
The warrants exercisable at 5p sound great but we still got to find £8m at FID time. Where we getting that sort of money?
Yeah, it's all good. 5p would be great.
But a possible three years waiting on another Fid, not so much.
Didn't expect that when I got up this morning! 3 huge projects all looking good now. M/cap looks ridiculous here now! atb
60 million warrants over ordinary shares of 0.01 pence each in the capital of the Company ("Ordinary Shares") with a 2-year expiry to be issued to the Vendor at FID with an exercise price of 5 pence per share, a c.12-times multiple to the current share price.
I like that bit