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Gmharg........My point exactly!
Blair
Infa have not applied for anything?
They have merely stated they are extending the consultation period!
Simple and to the point unless you are creating misunderstandings which is what you are attempting to do here imo.
Just read the simple statements issued and quit trying to rewrite them is my advice.
Mr T
This was in the news today - H&W mentioned towards the bottom
https://www.google.co.uk/amp/s/www.cbronline.com/news/digital-heart-of-uk-warships/amp/
“The development of this new class of warship involves several contractors such as Thales, OMT, BMT, Harland and Wolff and Ferguson Marine, who all work on the development platform Team 31.”
Lottie. Re: d) the Naval support ship contract (plus others) will be shared around the provinces.
As none of the above has yet been ruled out, I fail to see why I should be concerned by short term negative movements.
I note you made no reference to the type 31 Frigate contract, of which H&W is mentioned consistently in numerous media as part of the consortium?? Again there has been no information released to date that has contradicted this, so one can only assume that contracts are being discussed. Thales was just awarded their contract.....
Mr T
‘ If people have sold out under the misconception that H & W are not doing very well, I say good riddance as they clearly do not understand business’..can’t blame shareholders for selling out, JW has diluted and pilled on debt, it is blind faith to trust the man can deliver...and all this clandestine manoeuvring is hardly going to boost confidence.
Personally, I wouldn’t have invested in a friggin bankrupt shipyard, but it is becoming abundantly clear that JW pivoted to hedge his bets, I’m probably happy he has as a small share of something is better than a large share of sweat FA.
Quite right,
That choice rightfully belongs to you.
If you believe them...
Time to reveal your true identity, droderick?
Your answers are all there in the Chairman's and CEO's reports in the latest annual report if you have cared to read it.
It's given there in black and white and crystal clear.
Why would the company apply for an extension, which could only add to the risk of the IM project?
Infa have requested an extension for the public consultation period and not an extension or delay for the ML to be issued. The process is continuing whilst the public consultation is extended. It is clear to me so why are some attempting to muddy the waters!
Answers on a postcard.
Mr T
Make your mind up, whatamess!
If the inference in what whatamess has said is correct then JW has not been completely honest. Why would INFA want to extend the time to the granting of the ML and equally why would they have implied that it was done in willing conjunction with Daera ? If the email to whatamess is correct the shareholders merit an exp;anation, at least.
Far too much noise about the new debt raising. I am far happier that it is straight debt, even if a little rich, without any debt equity swap facility in the near term. I am drawing the conclusion that the board are confident short term cash flows will improve (at H & W) and that the marine licence will be granted. I and my friends have bought in on the basis that a) the ML gets green light b) H &W picks up sufficient refurb business c) The Budget in March focuses on the regions, inc NI...d) the Naval support ship contract (plus others) will be shared around the provinces.
As none of the above has yet been ruled out, I fail to see why I should be concerned by short term negative movements. Hold fast. At 0.0030p this is an option on a potential gold mine.
The more rational contributors to this forum are still questioning why, in the name of all that is holy, Infrastrata bought (or rather, hocked themselves to the leg-breakers) H&W in the first place and what the blazes is happening with the supposed anchor project that is IslandMagee...
Tango,
If people have sold out under the misconception that H & W are not doing very well, I say good riddance as they clearly do not understand business. As Droderick states we have held H & W for barely 44 day's so for anyone with one bit of common sense to think that H & W would be at 100% capacity and rolling in the contracts in that short space of time have no understanding of how a business operates. It takes time for negotiations to develop on contracts and much negotiation, costs have to be produced, budgets, cash flow forecasts etc etc, this is what the experienced management team employed are on with. Of course H & W is treading water at the moment as you would expect, 44 days is nowhere near long enough to get it up to speed!!
Let me say this if we are in the same position around summer 2020 then I will be jumping up and down, however for the moment calmness is required and patience. I am certainly not selling at these current levels as I think it would be madness to do so, you need to hold for at least a further 12 months in my opinion and then let us see where we are. I understand many on here at in deep loss territory, I am also although my highest buy price was in the 0.70's lucky I guess, but I'm sitting on a big paper loss, that's all it is at the moment, a paper loss! It can change in a flash?
Mr T
ban 4118, thank you for you prompt reply. Go well.
Tango, you're right and you're right. Go well, too.
and the result of that is people have sold out, if they did have the piece of mind H&W was doing ok (treading water) I strongly believe they would not have sold out, IF it was put in an rns I definitely would not have reduced my holding.
apologize for too many if's but it is where we are.
I noted the dock was over utilised, but only recently went back over my notes to see the the figures provided. It certainly is more positive than people expect.
droderick yes but all outgoing bar Judith and AGM, when there is clearly things that actually bring money in that could be communicated. I am not complaining of the lack of communication (actually think INFA is quite good) but the missed opportunities (ref 119% of capacity). I am 100% certain in time this will turn but would have felt more comfortable having an RNS regarding the 119% of capacity at H&W. I would rather this not be a shorters stock but feel it is going to be if not carefull.
ban 4118, like all posters here I was very appreciative of your AGM notes. I couldn't ,however, locate any reference to Harland having had a 72% workload for end of Jan. or having 119% of capacity in January 2020 . That would certainly have merited reporting to shareholders. Especially given the publicity that was give to the two ferries that were serviced in six days ,(I believe), in December. So I'd be very grateful if you could tell me the date and time of your relevant post.
Tango is right in his 19.59 post. Such information should be communicated to shareholders even if only by JW's favoured Twitter method.
Tango,
Just for the record, I am sitting on a loss as well. Speaking of positive RNSes, here is what has been announced over the last 44 days
1. H&W acquisition
2. First ever revenues
3. Buy out of the Riverfort convertibles
4. Judith Tweed buying shares
5. AGM presentation
6. Debt facility with zero warrants or convertibles with a 2 year runway to pay off the principal
7. Restructuring of the Riverfort mezz debt over 10 months
8. New Chairman and non-exec appointments
9. Numerous tweets - directors in the yard over Xmas and at Navantia
So it's literally one RNS every 6 days interspersed with the AGM and other informal modes of communication.
Come on, if this is not open and transparent communication then what is? ?!!
2.
Razor- Sitting on £50k-£100k+ losses and we are only getting negative to neutral communications when there is positives to share is not cricket, SP should be one of the board's primary objectives, and any opportunity should be seized.
Mr T, I agree with what you are saying, But a progress report after only 44 days stating " we are having to employ contractors to help as too much work" would be deemed as a very positive for the sp and perception and it is sentiment that drives AIM. AIMHO
"could help" what? None of the LTHs here are interested in the company paying to put out token RNS that may or may not prop up the share price Tango.
Tango
I'm sorry but that information does not have to be rn's at this time., yes it would be nice if it were but if every company were required to rns every contract they were acquiring we would be in the position of rns being released every day.
Mr T