The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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The difference now is that gas storage is critical to the UK and a big part of the stratergy to reduce carbon footprint.
For those that remember how close Portland Gas Storage Limited was to being sold to Centrica in 2007 (SP peaked around 440p) only for it to be kiboshed by the financial crisis taking hold.
I’m getting a bit of deja vu here given what’s happened to the FTSE today re US Data yesterday. Praying the China-US trade war doesn’t cause a repeat a decade later from the last missed development.
Sorry for raising this but we all know it’s financial closure that is mission critical for the project.
It’s all IMHO and I’m not saying it will occur but it is a concern of mine though I’m hanging in for the ride up which as someone pointed out earlier will not be in a straight line.
Lot of sells...big buy order?
SP probably shoot up at close.
A bit of proffit taking to be expected..
WHY GO on boards if your not invested its a waste of time surely unless your lonely which would be a shame
You only have to look at Ewing Jr's posting history to see he's in the Mitch, Nazarene, Leesa camp........best not entertained. I believe he stated in a previous post he's not invested here, so you have to question his motives???
InfraStrata plc
@InfraStrata_Plc
· 43m
“Northern Ireland is open for business. This message was heard very loudly yesterday when the energy company InfraStrata announced its acquisition of the iconic shipyard, #HarlandandWolff.” @JulianSmithUK in his speech today at the Conservative Party Conference.
looks to be having a go, dropping back having a go dropping back.. come on we have been super patient and we deserve this bit of joy.
Maybe the lunch time lot can push it through!
with any luck we will all be smiling.
We all know what they are for I.M. ...Security of Energy supply for Ireland with it's increasing demand as the network spreads out East etc... Also for Barrow where importation of LPG from a secure source like U.S.A. is vital for our needs bearing in mind possible disruptions now from Europe and U.K. shale on the rocks ( sorry !)
Now we have H&W ..serious fundamentals for this gem..not only the PR and it's truly iconic history but N.Ireland and Belfast in particular needs an element of solid light/heavy industry as the skilled workforce is available and in any event can be trained up. Shorts nearby is constantly squeezed financially as we all know!
Assuming that JW and team can overcome the significant financing issues ( we are still a mere minnow) the demand is there from the M.O.D.contracts recently announced and with Government support others will follow.IMHO the SP will still face a bumpy ride until we sort out the GSA and the Marine Licence the latter having depressed the SP for some time now
The BOD here have worked wonders for us with their contacts with Vitol, Government Ministers and others and they deserve the fullest credit but be prepared for some troughs ahead before we finally set sail ! Always remember that we have a BOD here that has NOT been creaming off funds by excessive salaries or the like ..just beavering away ! Like it !
Live price dipped to 59 and then straight back up... come on it is going to break resistance and take off.
I can sell above and it looks set to continue!!
You got any positives then JR only I've never seen you contributing on this bb before
I am not doubting the raising of money. I just know how hard these types of projects are on the existing shareholders. No debt comes with less asset security and no equity comes with massive dilution. I am looking at this from a shareholder and risk perspective as I know how deep your pockets need to be for non-income producing project of this scale and unfortunately shareholders get hit with dilution after dilution each time there is a cash call.
The PR alone is priceless!
Another thing better to have it in house and the locals are happy there part of it . Mr wood has played a blinder
Spend £6mill to save £40 mill on one project- No brainer!
Fingers crossed
Meant - looks like a cert
Whatamess,
Bang on with your view, I'm afraid our friend Mr Ewing is living in the past and can't grasp why Infa have purchased these assets at such a knock down price??
He will eventually I'm sure if he keeps looking at the RNS!!! and then maybe understand the financial savings to Infa and the IM project as a whole.
Also yesterday's RNS demonstrated that the board can raise significant funding/loans should the need arise? a very good point in view of the need for raising to fund the IM project at project level of course.
Mr T
Understand what ewing is saying but mr wood knows more than us and imo i think it will be passed like he dose seem to think . Remember you dont invest 6 million with out your ear to the ground .This tells me he is in with the right people and by buying the yard i cannot see no problems . If any think it looks lie a cert
With the projects INFA have now it will save £££££££ millions,Plus there will be local contracts, INFA are becoming a one stop infrastructure shop for the energy sector- GREAT PURCHASE AT A MASSIVE DISCOUNT. IMHO
Unfortunately INFA have a track record of taking on expensive debt to burn shareholders...then issue really low rights issues and kill the share price. H&W is a massive liability burn and with expensive debt and no income I just don’t see the exit. In between, people might get a little bit of share pumping and herd following but let’s get a bit more technical here on the financial basis - taking in expensive debt into a dry asset with real monthly liabilities isn’t clever.
I think once the GSA is reviewed by the equity partner it will be released, The Marine licience is getting closer and with the current purchase and the fact all technical requirements are either met or surpassed should be a quick decision given the PCI status. Also we should expect the £1.6mill from the EU anytime soon.AIMHO
Indeed Snowy, but, the anti's keep dragging up projects from years ago that have to relevance to the company as it is today.
Remember there was a shareholder coup when the all of the old incompetent board was kicked out an replaced. They in turn brought in the JW annd Arun who were then handed the riens. Since when they have cracked on and delivered.
Big time and mostly on time. The only thing that hasn't changed is the name of the company. Who can't be blamed for previous BoD's c*ck ups. Smacks of desperation IMO.
Anyhoo, rant over.
GLA, Si. :)