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that so many company "insiders" are all topping up suddenly. Whether this is coordinated by the company or just coincidence is anyone's guess, but it's clear that good news is on the horizon. Nice to see the SP finally ticking up steadily. Last time we saw this was 2 years ago as it rose to 2p.
Thanks Si. Maybe you will need to add something for the Chairman in the coming days. How many shareholders inside this 68% - about 25 + those who got the 600m "loose" shares at the last placing? If none of them TR1'd then there must be quite a few. Not bad altogether and thanks for the updates.
Is that it now?
Jeeze, do people think I have nothing better to do than keep adding new data into my spreadsheet. ;)
Well, apparently, I don't. So, as of all these new additions I have 68.5% accounted for.
Nice to be back in the .3's, long may it continue.
Si.
PS, appologies for Friday evening, to much port.
Have now got an alchol-lock for the keyboard. :)
And another one
Lets agree to disagree Razor.
Ultimately, all we want is a prosperous Infa!
Cheers
The chairman's job is to ensure the CEO is managing the company well, implementing strategy well, and doing a good job overall. The chairman is incentivised to do this better if he has his own skin in the game. If he's concerned about his own shareholding, he wouldn't exactly let bad management slide would he?
"If a chairman has a significant shareholding, is he going to be motivated to take hard decisions and be honest to shareholders or will he first try and cover his own position?"
As a shareholder improving the company's long term value creation will cover his position. And that's the last I'm saying on it. It's generally considered a good thing for all high ups in a company to have a personal stake in the business, and rightly so in my view. If a NED thinks a company will do well in the future and buys because he thinks it will richly reward him, why should anyone be against that?
I bet the fools trying to spread negativity earlier would feel as stupid as they look - if they had any shame, which I don't think they do.
Chrisatrdg good find there, that's quite encouraging! I've had a skim but will have to look into it properly later.
£700m boost for post-Covid recovery plan in Northern Ireland:
https://www.belfasttelegraph.co.uk/news/health/coronavirus/700m-boost-for-post-covid-recovery-plan-in-northern-ireland-39180945.html?
Edit: It shows the right-thinking in NI must bode well for INFA.
The job of a lawyer is to impart legal advice impartially.
The job of an auditor is to independently review and assess if the assets AND revenues AND costs presented by management reflect the true and fair of the company's financial position.
The job of a chairman is to independently review the decisions and corporate strategy set out by the management without having to be concerned about the value of his shareholding. If a chairman has a significant shareholding, is he going to be motivated to take hard decisions and be honest to shareholders or will he first try and cover his own position?
Independence is more valuable than one's own shareholding from a NED's perspective.
Good find Loosegoose maybe when the government announce on Sunday the next steps it may enable H&W to take on contracts that are sitting in the wings.There is a clear effort to show Directors & the like Buying into the good ship INFA story.I am now showing Buy.I only need 60p to break even hopefully this Qtr.The ML being approved in the next 2 months would make all the difference as I believe the rest will fall into line.
Just saw this article via a LinkedIn post 45 minutes ago.
https://www.maritimejournal.com/news101/industry-news/big-plans-for-northern-ireland-shipyard
Clive Richardson, chairman of InfraStrata, said: "When the lockdown is lifted, we expect to put in place a series of contracts at Harland & Wolff. " Maybe he will buy some shares too.
Ya pinched my name Tango. I've copyright on this time next year, lol. I'm hoping though it could be in the next few months this takes off. Thistimenxtyeer.
JW knows where this is going and putting his own money in the game AGAIN! this time next year Rodders!
The job of a lawyer and auditor is not to ensure the company's being well managed. The job of a lawyer is to provide legal advice, and the job of an auditor is to audit - to ensure the company has the assets it says it does. The big 4 firms are in constant controversy because they blatantly are not "independent third parties", like the collapse of carillion would suggest, right after KPMG signed off on their accounts.
If the NEDs have a personal stake in the company, they are less likely to let a CEO get away with personal bad performance, due to the jovial relationship a CEO usually has with the board and NEDs. I don't see it as a dual edged sword because they are encouraged only to ensure the company is well managed, if they have their own money on the line.
Another £10k for JW!
On the contrary Razor,
Nothing diminishes third party objectivity than the risk of losing one's own money or the greed to increase one's value of shares by doing something that would an independent third party would not allow.
There is a reason why auditors and lawyers do not take stakes in their clients' firms - otherwise they lose third party objectivity which is their principal function.
Its the same with NEDs. You will not have NEDS in private companies but you have NEDs in plcs to maintain that independence and to make sure decisions taken by the executive management comply with good corporate governance practices and shareholder interest.
Having a "vested interest" is a dual edged sword which every NED needs to very carefully consider. Infa's chairman's role is to ensure good corporate governance rather than appease us shareholders. The former is his primary role, the latter is beside the point.
Christatrdg no one cares about what Simple Wall Street says - they generate reports based on publically available information, and they're often wrong. Another worthless troll on another BB I frequent just brought SWS up too in an attempt to spread negativity.
Looking down the BB at the moment, it's mainly people saying stupid things. Not surprised given the weakness of the trolling that goes on here. I suggest people listen to Radders99, he's right on the nail with his post saying the analysis isn't based on anything with depth.
It's not contradictory, droderick. a NED's, and indeed the board's job is to hold the CEO accountable and ensure competent management of the company. Anyone who has their own skin in the game, therefore has a vested interest to ensure the company is as well managed as possible, in order to create long term value and benefit for the shareholders. Nothing keeps a person so honest as having a personal stake in the success of a company.
Feeling the same way Spud. 1.8bn unweighted 5 year "market opportunity" across 5 streams giving a 821m 5 year weighted order pipeline with a very experienced H&W management team feels reasonably tangible to me. What about - quote low to secure orders, cover fixed costs, get good references and the path to breakeven point makes more sense.
The ii seem to think so , we became a two trick pony with h&w
Imo the ML is not the value driver here medium term, it's all about H&W
https://www.daera-ni.gov.uk/sites/default/files/publications/doe/marine-licensing-guidance-overview-and-process-under-part-4-marine-and-coastal-access-act-2009-may-2016.pdf:
'There are no statutory timeframes placed on Marine and Fisheries Division for processing an application in the Marine and Coastal Access Act 2009 (MCAA) because of the need for flexibility; however Marine and Fisheries Division will endeavour to have the application processed within 4 months of having received all necessary information.'
That's more like it!
good to see 2 more RNS re director dealings
Thank you for the post Droderick.
Your point about retaining independence is appreciated.
I suppose in truth my comment really extended to the swelling ranks of the management team and of course the likes of us shareholders don’t get to learn about their participation.
The longer story here as we emerge from Covid would seem a positive one for the company as more is done closer
to home. It’s been a long journey for some of us so I hope the Board will bring to us some good news in the brighter times ahead!
I have never quite understood shareholder obsession of non-executive directors holding shares. In a typical AIM company of Infa's size, I would expect a NED to be on between 36k and 40k a year contributing to the corporate governance of the company. Corporate governance requires NEDS to be independent directors without any shareholdings. Whilst AIM is more relaxed about NEDs holding shares and discharging their duties of independence, other platforms are not so flexible. A NED's contribution is not in running the daily ops of the company rather to provide independent oversight of the executive board. So how do shareholders expect a NED to provide that independent assessment if they were to have a significant shareholding? It is fundamentally contradictory to a NED's position.
For the executive board to have a shareholding, I fully agree. It keeps them aligned to the other shareholders.