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I have been looking up the list of bidders. Not sure about Spreadex at all ..maybe a spread betting operation ? BUT the likes of Lombard and certainly Crux certainly interests.One of their funds is Cruz TM Special Situations ..Wow..Infa sure is a "Special Situation"? Their Webby Site says
" The Fund identifies high quality businesses with a low level of debt,run by strong management teams,where the business has economic advantage and potential for high returns ".... Not sure about the level of debt ...and the site goes on " we manage only long-only investments and have a dedicated team of of investment professionals with decades of management experience between them" JW told me in the Autumn that he has vision for Infa to be a £50m Footsie 250 Company not an Aim Tiddler with several Energy Infrastructure projects progressing in tandem --need to get over the hurdles at IM and keep Crux happy with their bold choice --that is the Crux of the matter !!
Not forgetting if Boris gets a majority tomorrow NI will be in the best position for trade as they will be in the EU market and in the UK market for further deals, NI is the place that gets the best of both worlds.
I commend Droderik's posts as I have done before ..I refer you to his excellent script and summary on 9th December (November Milestones) ..Yes I am still invested here thought no longer of any significance !! Like you all suffering a sizeable loss but more than offset by Jadestone's recent rise.So no current issue for me.
I understand ( with no full firm evidence ) that there were two or more bidders for H&W ,one international and one a UK major blue chip player and a significant Plc. JW and team secured the deal from under their noses simply because they have immediate work for the residual workforce ..and concrete plans for the future.A Loss making Aim tiddler would not have been allowed anywhere near the table had he not been convincing -A masterstroke indeed.Please note that JW is very much aligned with us ..he too has a large holding and suffering a loss.I am not aware that he has been taking anything like a proper full salary for all his recent endeavours ..neither have Arun or Judith .JW has real form .He ran a shipbuilding enterprise in Australia; he has long standing contacts with Navantia, world class shipbuilders from a fellow friendly Nato country. Navantia has form too -they have successfully built frigates for the Australian Navy.Their first ( one of many ) visit to the yard today is significant .I imagine JW and Navantia will be salivating over the prospect of the Type 31E Frigates. If we can secure some pre payment /grants from N.I executive maybe some help from Navantia itself the future is indeed **** ....30p will be a good punt for the likes of Crux. All we need for Christmas is the news flow per IM !
droderick, your impression of the new investors is far more sanguine than mine. I feel they would be very happy to depart with 100% gain. But we shall see.
Our views reference H& W are radically different. Again we'll see.
In relation to the EU grant money : of course I don't want to see any kind of documentary evidence. Just a statement to indicate the status of an important finance stream which is now long overdue.
In relation to the shareholder approval of the H&W acquisition you are
,of course, quite correct. Approval of the fund raising was de facto approval of the course taken by the BOD. Thanks for your reply. Go well.
Tango and Mr.T, thanks for your,(as usual) well reasoned responses. My take is: market cap rockets our recent II's start offloading those 3.5B shares. Sp subsides! Hope you're both right and I'm wrong. 1p by month end. Brave call Mr.T ! Go well both.
I would absolutely zero credence to ER. Sorry Set, the guy is rumour mongering and has nothing today except cast doubt on things that he doesn't even understand. Take you back to a few weeks ago when he admitted that his own environmental work is shoddy. I therefore rest my case.
On the new investors, why would they come in 0.30 and sell at 0.60. They are institutional and are not interested in doubling there monies overnight. They are interested in the strategy and long term value accretion. These guys are into impact investing - employment, rejuvenation of manufacturing, high impact brands etc. I would be amazed if any one of them sell out in the next 12 months.
On Harland, sadly, we will never know who the other bidders were. But you can quite easily guess the UK and European counterparties who would have been interested. With the right strategy, and I believe JW has that, this could be a profitable asset, one that actually feeds the plc and other projects.
On the EU side, I am not sure what all of us expect from the BoD. Are we expecting them to publish email communications with the EU and telephone transcripts. We all agree that the EU is slow. We all agree that the grant to be reclaimed is under a binding legal contract and that the expenditure on FEED has been correctly recorded and audited in each financial report. So why are we constantly crucifying JW and the team for what is probably out of their control and can only push things along as much as they can.
Finally, I don't agree there was a unilateral decision made by the BoD. The deal was signed but was subject to the fund raise that was approved by shareholders, you and me included. As shareholders, we could have said no and the H&W deal would have collapsed. So it is not correct at all to say the decision was unilateral. We had the power to reject the deal.
I don't mean to pick on anyone, but we really need to be pragmatic here. Nothing is easy and the pressure on JW and the team is enormous. Give them a break and let them get on with it.
“A pleasure to be showing the team from Navantia around the Harland & Wolff facility today. The first trip of many to Northern Ireland”
I tend to agree with Tango, logic would suggest that should Infa meet all the targets for IM this quarter, only a few weeks to go!!! then the M/Cap here should rocket. IM was before the aquisition likely to be worth "x"p! should all milestones be met, all though dependant on the numbers! ie the finance, that valuation hasn't changed? has it? or am I missing something?
In truth H & W is a separate entity under the control of Infa, therefore I suggest treat the two as eparate entities for valuation purposes.
I know where Set is coming from though, we are now under the whelter burden of some 3.5Billion shares and therefore the sp will take some shifting, but as I say if JW comes up with the goods then I see no reason why the m/v should not raise in reaction. We will of course need plenty of buyers and volume, so over to you JW, let the newsflow begin.
Also if H & W start announcing large contract wins then that will also lead to an uplift in the sp, again all if's? I see no reason for the Ii's to sell any time soon, spreadex are the only ones I am fearful of and they only have a small amount on their spreadbet books.
So if all goes well I could see a 1p easily here in a few weeks?
Mr T
Set- 0.08 is market cap of circa £25mill, I think in my opinion you are way underestimating Infrastratas potential in the next six months, I would say that the marine licience approval alone would see a MC of circa £50 mill without H&W. Based on future revenues. again in my humble opinion.
I hold no brief for Ewing JR but I wouldn't try to dismiss everything he says out of hand. His posts frequently contain a good deal of common sense. In the latest batch he has questioned the longer term effect of the recent institutional investors on the longer term share price. Their buy in price was .3p and the confetti effect of their arrival almost guarantees that the SP is not about to rocket. Any one of the II's would be very happy with a 100% gain. Just imagine the strangling effect their exit at,say , .6p would have . Ewing JR doesn't seem to lack common sense!
My personal view at this point is that I would be quite happy to have £10-15k invested here but not the many multiples of that I hold. I rarely predict SP development but I will be pleasantly surprised if the INFA sp exceeds .8p in anything like the next six months. That would still leave the majority of long term holders in, or near, a loss situation.
Who were the other suitors for H&W ? Can anyone name a few? I view that situation as a considerable millstone. Expensive to maintain and difficult to render profitable.
We have heard very little about IM during the past month. I sincerely hope that that is about to change in a very positive way in the next couple of weeks. I can't understand why we cannot have been informed about the EU grant money even if it is not good news. Surely our BOD can ask the relevant body for an update and subsequently inform the shareholders!
One last point. I thought that the OO and Bid offers were a wheeze to to raise more money while the going was good with the last placing. It is obvious from the pitiful acceptance level that that was the case. If one deducts the considerable costs of the operation it should be evident that the net raise was very little.
I understand that the BOD of a company cannot always be held responsible for the SP but if they make unilateral decisions without the approval of shareholders then they bear a high responsibility. Thus overseeing a more than 50% SP fall needs to be questioned.
Ewing JR will disappear as soon as this share starts rising positively just like he did last year. His behaviour was the same when INFA was in the doldrums prior to JWs arrival and the launching of FEED, then when SP took off so did he!
He's clearly either a protestor in disguise as a trader or a shorter. I advise we ALL just ignore his futile self serving posts.
He’s or she is obviously one of the protesters..so when you see his name just scroll past .... that’s what I do... think he’s petrified that this all comes to fruition ??
You may well appreciate the pain JR, but you certainly love to pour salt on the wound at every oppertunity.
Thanks, what a kind person you really are.
Cant believe it not even a holder here and laying down the rules seen it all
Crux have a number of pots of money and some is very short term. As soon as there is a price movement, there will be a lot of sells and unfortunately there are a lot of shares to keep the price low as long term buyers of this volume will be hard to find. I really do appreciate that the guys on this board are all long term holders who have witnessed the painful dilution of INfA many times. From that list however, there isn’t much Christmas cheer for a long time even if INFA puts out good news stories as supply of shares will outweigh long term buys for years to come.
The ii ain't mugs , there will be good profits for them ,
Crux normally only take footsie and 250,
The biggest concern is the eu money for storage ,
Jw needs to address this quickly , you leave it hanging
Some pretty big short term sellers in that list. Did the broker vet the new investors intentions at all or just take money from anyone who would pony up.
Yeah, I'm a numpty and got it wrong. Read 100m as 1bln. Not much out then. :)
From TR1's released we have been told
Oryx and Harwood....3.28% with 116,666,667
Spreadex....................3.5% ........ 125,500,000
Killik & Co...................4.54%........161,411,590
Crux .......................... 8.44%.........300,000,000
Lombard ....................9.85%.........350,000,000
Total so far ...1,053,578,257
Placing .........1,999,999,950
Balance left ..946,421,693
Obviously these percentages will change slightly when the 70m OO/PB shares are added to the total issue.
That is supposed to be tomorrow and will take us up to 3,643,401,037.
Hopefully once these last ones are claimed the company can update their website.
Not really relating to business here but I wonder how all those local protesters will react when DAERA finally agree to the consultation period.......OOOOOHH!!
Thanks for your response and for the very well reasoned quality of your post. Go well.
Setanta, Radders. INFA is no better or worse than it was last year. We were waiting for project fruition / return on investment THEN as we are NOW. What has changed from that point of view? The company has not changed but expanded focus in more potential directions. We all know about the eggs in one basket! This expansion is good except for the added costs and consequent dilution. Ultimately we must ask ourselves 2 things:
1: How long are we prepared to wait?
2: Do we trust JW and BOD?
I've been here a long time, probably longer than I would've liked but, as things stand now, I'm prepared to wait it out until I see a ROI. This in turn has answered my second question.
Radders,(and a good question it is), is that I do not know whether INFA is a better company now. A great deal has changed and we are waiting to see whether it will turn out well.
What I do know is that the value of my investment has been reduced radically. I bought into INFA because I felt I could make a decent return on my investment. No other reason! And that is not happening just now. Go well.
Hi Tango. Not got around to putting these new numbers into the spreadsheet yet so hadn't spotted that.
1 billion would be 25% or there abouts.
Si-Spreadex has 125.5 million 3.5% still 875mill to anounce...