Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the 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.
Setanta1- as I see it a £12mill MC covers the value of H&W and to some not even that. It was disclosed there was £11mill of assets (though we paid under £6m).and to be fare without funding/ML the IM project is worthless in the eyes of the Market accept for the assets. Any positive news with CONTRACT & NUMBERS will transform the SP but until then we will ride the H&W train. AIMHO
Maybe funding in phases with phase 2 dependent on ML?
Tango, You'll have to explain to me what " the IM project is not costed into the SP " means.
I know a lot of you have been here a long time and fed up , But with news around the corner if it the right news it could help a lot get nice profits ? Im underwater but im staying put as we are so close now . Seen it so many times people sell and try and chase the next winner , Well the shipyard is that with . The gas project thats a bonus now if it happens , As mr triumph pointed out we didnt have the big boys invested before .
Nowt as queer as folk!
Surely at the price there selling they are underwater ? Why sell now i would rather wait for the incoming rns soon
One thing I think is apparent is that the IM project is not costed into the SP at all, the value at the minute is H&W alone and I am expecting more contracts shortly, DD was extended to 08/01/20 for the FSRU which is before ML so that will be interesting- especially if our Asian friends are stumping up the cash before hand.. Lots of positives to lookforward to and Iawait JW's further RNS's in the next days, Lets hope he has his santa hat on and a full sack of goodies to divulge!
Loosegoose, I am not expecting FID to be executed but before that there is the outline, which I do fully expect.
MrT i think 1.4 of the 1.6 will go to costain, Thats my reasoning for little to no movement.
Receipt of the eu fund would breed confidence.
Although agreed are they holding off till the marine lience is awarded ?
I certainly hope the news starts to flow. I still don’t understand how there can be a final investment decision before the marine license is granted. JW has stated this could happen but I don’t understand how anything can be final with a “subject to” clause for the ML. Anyway we have waited long enough so a few more months is nothing in the big scheme of things. The possibilities are huge and a market cap of only 11m is something that surely won’t last long.
I had a order in for 0,32 i checked and did not get it even though when i looked it was 0319 to buy cancelled it and got at 031,9 so happy . She might drift but good times coming i feel
Tango,
"The 1.6mill from eu I don't think will move the SP"
On the contrary, I believe it will significantly affect the sp, upwards, receiving 1.6M in the coffes is not an insignificant amount and would ally fears of any near term funding issues imo. I also believe that not receiving these funds and the doubt in the market as to whether we will, is a predominant feature of the slide in the sp over many months. Receipt of these funds would put an end to that and would see a healthy uplift in the sp.
Mr T
I do Hope that the equity funding news is going to be released (at the very least), as I do recall JW stating on several ocasions it was not dependant on the ML licience, and we have waited a long long time for this.
The 1.6mill from eu I don't think will move the SP, Clarity on funding is required and would also Show DAERA and the local comunity we are waiting to go, If however it is going to be delayed we need a cast iron reason, not just moved to 1st QTR 2020.
Exciting times !!! I’m putting my money on FID being announced in the next few days along with funding update ! Suspect that public consultation starting is the catalyst .. prepared for delay into Q1 but have a feeling in my water
................For exciting revelation of which ship is docking tomorrow with perhaps some photos in the Belfast Tellygraph ...maybe even news of some follow on contracts ...would be a badly needed boost before the break !!
We are clearly in a strong position regarding the ML. The following sentence jumped out “a full set of current and up-to-date documents have now been provided to and been ADOPTED by DAERA.” I don’t think they would have been adopted if DAERA didn’t support the evidence which I am sure will meet (and probably exceed) legal limits as defined in the draft license.
I've got used to waiting. :)
Can't really see any downside from here from having to wait for any of the aspects mentioned. Other than JW loosing some face from missing his self imposed milestones. Could the SP possibly go even lower? Fine, I'll just keep averaging down.
The ML is the only one and that's a binary thing. We get it or we don't. And we have no choice but to wait for that outcome.
Not sure what happends if we are unsuccessful. Would IM be dead in the water, no pun intended.
All in all, although not happy, I'm content to see this out to a final conclusion.
And your reference to "the coming days" reference in the RNS is very important, Mr.T. As usual you've got the hoped for order of important events just about right.
Interesting paraphrase of the typical AIM investor and the "scalpers" dominance this year Longlad. I belong to the first type of investor you instance and I quite understand the high risk aspect of AIM. The only thing that causes me some disappointment is the frequently palpable dishonesty of some BOD's, some MM's, some brokers and some cabals of investors. The stocks where traders get fleeced often contain elements of some of the foregoing, and at least one element has been visible in INFA. Let's hope that is in the past!
Si,
As we all know there are maybe only 4 or 5 aspects of updates that will truly shift the sp.
The one is the Marine Licence, the others imo are:
1/ The EU funds being received
2/ The Chairman
3/ The financing of the project/FID
4/ H & W contract awards
Personally I now think we are looking end of February early March 2020 for the concrete good news on the IM project. In the meanwhile I think we may receive further contract award news on H & W. Watch for any sharp increase in volume should good news on IM be forthcoming!!!
Still plenty to come but the wait will imo be a little longer and then the fireworks will begin.
Any news on Snowman anyone?
Mr T
* That's great...
The great, just as long as the project update is actually on the project we want updating and not on something else.
Mr.T. Point taken. Let us hope they hold to this “ deadline”.
Todays RNS, the most significant line is:
"We will provide further project updates in the coming days.
Mr T
Crl123
Each investor has different characteristics , most would not touch AIM with a barge poll.
Those who do are split between two types, the first sees aim as a growth market, where if they research, perhaps might get into an early stage success eg. ASOS , dragon oil or Tullow. The other ‘investor’ is in for a scalp as they have been lurking on aim for a while and see a share price go up just to be pummelled back down with a placing . It’s abundantly clear 2019 across AIM it’s scalpers who have dominated.
I have repeatedly said that I believe investors will shun AIM, mm’s, brokers and (sometimes) corrupt BODs have taken too many pi’s for a ride.
Regarding infa, my last buy was at .4 , wasn’t tempted for any more when it dropped, need to see JW produce something tangible. BOD’s don’t recognise pi’s, they see them as a constant supply of funds to see their dreams come to fruition (or not), once shareholders get exhausted, depressed and near broke they sell to the next guy who ‘sees aim as a growth market, where if they research, perhaps might get into an early stage success eg. ASOS , dragon oil or Tullow.’ And so the racket continues!
Agreed I have wished JW a happy xmas and his H&W deal will see us make strides in 2020. I wish all holders a happy xmas .
Surely everyone can see the ii have endorsed the purchase of H &W and they don't throw their money away .