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.
The value in h&w , your got to build your company. .
OK this year's been not good for share holder value but surely you must see what the ii see , they don't throw their money away ,
Let's see where we are in six months , if you want to chase a rainbow your invested in the wrong firm
I hope that once the consultation period is over we will finally see the back of JR as JW takes drives the business forward.
Do you really think the BoD are working today? Just because they tweet some pictures that the workers sent them from Belfast?
Expect to see everyone at the AGM shortly then?
Good chance to make your feelings known to the board.
Who are, incidentally, spending their weekend before xmas working.
Spud - be careful or the board will accuse you now of being a INFA protestor.
Droderick - You clearly missed the point (and my humour). Point 3 isn’t about the content of my or Speedys posts.
I was only agreeing with JR that AIM was high risk btw Speedy.
I think my post was misunderstood lol
Incorrect,
Speedy has his views and he is supportive as well as critical. And there is no problem with that.
You, on the other hand....
On item 3 Speedy I don’t have much choice as the share price keeps going down. I could say the same about you .. you post when it is going down as well.
Spud. You have my respect here but on "anything JR" I cannot agree. Why?
1. Besides every other poster here, he owns no INFA or other AIM shares.
2. He has been constantly negative in his remarks.
3. He only appears when SP is struggling or going down.
4. He has never clearly explained, with regard to the previous points, his interest to keep posting here.
5. He's clearly an INFA protestor in disguise.
Absolutely not unreasonable. And the reason is there in the RNS. Clearly he’s got other options that he’s exploring and he’s not going to and shouldn’t make all of those bits public knowledge. If absolutely nothing we’re happening in the meantime our outbursts would be justified, but evidently a whole lot is happening they are just not minute-by-minute tweeting it, they are getting on with the job.
When a CEO decides to set himself a series of milestones, which are subsequently missed, is it unreasonable for shareholders to want to know why?
BlairPeach, not sure how much transparency we want as shareholders - the expectation here appears to be that every single detail is made publicly available for all of us to scrutinise over. They have a business to run and not everything is or should be public knowledge. That the first vessel is in the yard itself speaks volumes for their competence and drive to make this a success I should think.
The best way to respond to all this is to keep working and JW appears to be doing exactly that.
NerdyOwl,
"Transparent" is certainly not an accusation that can be levelled at the INFA board!
Despite most times being on the other side of our debates Spud, I genuinely am annoyed for the long serving shareholders. Many guys have been in here from the Woodburn forest days and just get kicked with dilution after dilution and falling share prices. INFA has the most loyal group of small shareholders on this board but the hope messages have been abused by the BOD.
Well said. This was the last straw. No more false promises. I feel “had” too. He knew all along and planned the RNS accordingly. I will not sell but I am one helluva cheesed-off holder. I’m always being shot down so don’t worry if you are.
Just hang in there with the shares for a while as MM’S feed off chatboards and would love your shares sub-Placing price.
If you are sub 0.5p you may see it in next few months. JW has certainly crossed the final frontier now though. I now doubt the truth of what is in RNS’s. Equity holder waiting indefinitely?? There goes another flying pig.
Odd week one minute feeling this is it with fund buying and me chucking another few k to see down yet again ! Imo I find this strange what’s happened. Shoot me down if u want but why give up on your funding ! When jw was saying in previous interviews that infa will make loads ! I feel a idiot buying more if I’m honest . A few diehards will say this and that but the reality is since I become a shareholder the share has dropped considerably . Let’s be fair no glossing over a few let downs in last year or so for the longs . I will carry on not selling now and probably add if the right news and price presents it self soon . One more slip up and I’m out win lose or draw
with JR too. As I said. But not with the emotion. It’s what makes us human. Irrational or unfair expression is what is inappropriate. Spock missed out. Emotion is healthy and valid. Shares or politics or whatever. You just have to eventually balance it with logic. This anti-emotion stuff is unhealthy and out-dated. Highly appropriate given the circumstances here. Stiff upper lip died eons ago and the “cowardice” of trench fleers was thankfully recognized as good sense and posthumously pardoned . Emotion is fine. So is balanced Vulcan logic. We’re entitled to be pi**ed off.
Over and out
I'm going to agree with JR (first and probably last time)
AIM is HIGH risk
Adios GLA
Gas is not going away, plenty of investment coming and politically a hot potato which JW seems very aware of. I get the feeling he is well connected politically and knows where to put his irons.
https://www.presstv.com/Detail/2019/12/21/614194/Trump-US-sanctions-Nord-Stream-2-gas-pipeline-
to those with the coursge to be candid here. Trust is indeed important. Severely bruised at the moment . JR I actually agree with you. Also with those who say hang in there. I have a very large 5 figure loss. So do some others I believe inc. Set 1 who has a right to be angry. We have indeed been well and truly milked and some might argue deceived.
I don’t know whether JW gives a hoot. Many CEO’s don’t. I personally doubt it. But he owes us....it’s that simple No more cash-calls . Infa is as diluted as dishwater now. I may not ever see my money back but am not crystallising at a low. Looks like a long frustrating wait ahead. Certainly no news on the line intil March IMO unless contracts appear out of the blue. I await more uplifting times and hope certain peoples’ anger is more readily acknowledged by som. It is justified. AP only ever wanted to make a buck and leg it. From the beginning. Previous crew just sat and took fat wages. Is JW any different? I cannot andwer that unless he proves otherwise. . 0.28p and billions of cash-cow shares is a deeply poor track record to date. This is about peoples’ lives and not Monopoly money.
There is a lot of “bring and share” emotion and long life sharing essays on this board. Sounds like people are viewing INFA as pension asset or “money people can’t afford to lose” asset rather than what it really is - a punt, a risky AIM list stock where the share price goes down (and sometimes up a little). Right from the beginning oil exploration days, the BODs played a risky game with shareholders money and abused communities. Let’s hope this next chapter is a more positive one for everyone because the history isn’t pretty.
Dear Speedy,
For the sake of transparency, I am also sitting on substantial paper losses today. At these levels no one is in the money, even the IIs who invested last month. When I talk of the "good" that has been achieved, I do not refer to morals, principles etc. I don't think anyone here has invested for altruistic purposes. We want to make money. Period.
I am talking about the progress made till date to achieve that objective. That is what I want all of us to reflect upon.
I don't agree with your assessment that things were going very well and now the wheels are coming off. If that indeed were the case, why did all of us vote to remove the BoD in 2017? If things were going swimmingly well, there was zero reason to remove them. The fact is Infa was in deep trouble at that point with very little to look forward to.
The company has been in existence since 2007. Except for the one-off revenues, there have been zero operating revenues for 12 years. That is not the definition of doing well. If things were actually going well, IM should have been built and operational by now. It doesn't take 10 years to build a gas store.
We showed great confidence in AP and PW. Upon reflection, what exactly did AP achieve from June 2017 till October 2018?
I am not being sarcastic, I really want to know. Maybe I am missing something here that all of you are aware of.
JW became the CEO in Aug/Sept 2018 and Arun the CFO in March 2019. Whilst JW has completed slightly over a year, Arun has been CFO for 9 months. If every single jigsaw piece of IM was ready to go, I don't think the two of them would be sitting around waiting and looking at value destruction with any pride. They have also lost their own money through the year. The fact is the project was nowhere near construction ready and they had to pick up the pieces, put them to together and rebuild the whole thing.
So in 15 months and 9 months respectively, the two of them have taken the project to bankable status, have acquired Harland and brought in the company's FIRST EVER OPERATING REVENUES.
I can't answer the question "what do we do going forward" for you. I know what I am going to do. I am going to keep supporting the team. This is a good team with a vision to make money. They are dealing with a long and painful legacy yet they are ploughing on and making sure the company can stand on its own feet. They are balancing the company's risk by diversifying because there is a huge risk with only one project.
There will be disappointments and missed deadlines. Even the biggest companies with all the resources in the world miss deadlines.
But ultimately, they will succeed and we will succeed.