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I have just checked the Belfast Harbour website and the Panorama will be shifting from VT2 to BDD on the 17 July and then shifting back to VT2 on the 19 July. Looks like a quick inspection?
I cant use word "investing" then it comes to co like Infrastrata. More like a punt trade here. So ...
Hi Ed1Mil - I am currently broke no more money behind the sofa but if I did have some spare cash I would be investing a similar amount or more in order to average down but not today.
Well stuck £500 worth in my isa at 19p. Was it worth a risk? Idk though time will show I guess. Gla
Hi Folks - I have had no reply from my e-mail relating to the ML which is the first time no reply by now which says it all.Concerning the SP JW is clearly under a lot of pressure from the principle investors unless he can tell them things he is not telling us.The recent SP history is typical of a company being seriously shorted either way it is a sitting duck for a take over however I am hoping for a positive RNS this month otherwise the SP will sink even further.I am now saying Hold.
To add, prior to my visit and stay at the Titanic Hotel, I hadn't realised how many times H&W had already gone bust and had needed bailing out; this in pre-globalised times.
So what's the secret Turkeys' sauce that will see these yards soar to profitability in the 2020s?
I held INFA shares between 2017 and 2020, until I realised that instead of an exciting gas storage project in early stages of construction I'm owning a bankrupt shipyard. A late realisation, I know, but better late then never. Managed to get out with the initial capital almsot intact but I've been keeping an eye on the company since then. Looking from the outside, the last two years, at the very least, have been a bloody disaster, with the company struggling for direction and treating retail investors with utter contempt. I can't possibly imagine how BoD can still be in their positions after this level of performance. I hope things turn around for you guys and that you'll enjoy the gains we all hoped for back in the day.
Just a bit too much Scotch mist in this company for my liking and from a look at the SP it seems an awful lot agree with me
I’d happily take 40p right now from someone that can fund the company and get the yards operational
If these "strategic acquisitions" are as wonderful as you claim and were bought as such good prices, then the share price would be considerably higher than it is.
As has been pointed out, with no work in them these "strategic acquisitions" are liabilities.
I thought some time ago that this dreadful totalitarian govt would have managed to get the infrastructure spending off the ground, and companies like INFA would have been making out like bandits .... but the reality is all this govt with its Oxbridge PPE politicians can do, is inflate the property bubble with ever lower interest rates, and more printed money to claim the economy is tickityboo!
What a bloody stupid post nobby, who do you think it was that pulled the rabbit out of the hat with all these strategic acquisitions? Not least of all in the face of global competition for H&W. It was JW and the team.
Reminder they've said they expect cash break-even within a year and as they tend to deliver on what they say - I believe it.
I have been in Belfast since Saturday. I know that the last was a holiday weekend, however a profitable shipyard is not a 9-5, Monday to Friday, operation.
Regardless, H&W is like a graveyard; no crane activity, no machinery movements, not a soul to be seen, even today. Azura is sitting there, looking lonely. Surely a 3 month stay of a vessel of her class would warrant some kind of news? Perhaps she has been offered 3 months' free parking, so that P&O can iron the table-cloths whilst shareholders get excited at her sheer mahoosiveness and the BoD plays extend-and-pretend...
H&W was a vanity project for Mr Wood, but at least their was some theory in buying it.
Seems Appledore was bought so Mr Wood could have another picture taken with Princess Nutnuts gimp
A 10% drop in one day would normally see a auction call. With the next instalment on the purchase price for Appledore due next month with the share price this low it will need about 1.5m shares to make the share element. If the share price recovers after that it will give the vendors a nice profit. Always ask who benefits.
Picked up another 105k shares at 19p. I maybe mad but I would definitely say we're in the value zone at this price
Indeed it is.
They are overextended and under financed.
The overall strategy still makes sense but it cannot be delivered by the existing management. They have had time to prove themselves.
I believe the company only has a future as a private entity.
Let’s see
Well that's 20k down the drain. Oh well you win some you loose some. That's the risk we all take but in this case I really do smell a rat. It's either a very bad smell or total incompetence from JW. How many promises about FIDand ML have we had from him over the last 3 years since he has been at the helm. Oh yes and how much have we paid him during that time?
Thanks Stokey, only 3 weeks to wait then to try and stop the rot.
Seems as if Poots and the NI politicians have a choice.Give IM the go ahead, or watch their beloved shipyard go out of business again.
Jabido In relation to your 12.31 post the first payment is not due until next month as the contract RNS said payment will be a month in arrears. As the contract was to start from 1 July that gives payment due in August.
I hope they are onto it as we speak. My shares in all other companies are taking a hammering at the moment. Aside from further contract wins, an rns to announce first receipt of revenue from Saipem is a must in my view (once it arrives)
Jabido In relation to your 11.51 post I am not sure about when a statement needs to be made but I would have thought that the drop in the share price in recent weeks would justify some kind of statement.
Well, this is dismal to say the least. No news, radio silence and destruction of shareholder value. We now sit with a market cap of 24m and dropping. Let’s put that into perspective against the last 3 placings and open offers that raised around 28.4m cumulatively in just 12 months. THE CURRENT MARKET CAP IS LOWER THAN THE CASH RAISED IN PLACINGS IN THE LAST 12 MONTHS. The placing on 10/7/20 shortly followed the FSRU announcement and the arrival of the 3 x Viking ships. The 23/12/20 placing shortly followed the LOI with Triumph. The recently heavily discounted placing and open offer was shortly after the Saipem contract – this is the only announcement that has come to fruition. Has there been a pattern of window dressing ahead of placings?
Does anyone know the parameters for companies being allowed to issue a 'we see no reason why the share price is dropping' type of rns? I've certainly been in a few shares where the nomad has told them to issue it when the sp is going up for unknown reasons. This is truly depressing. Where are the maintenance contract wins? Belfast workers must be getting nervous. I know there's a cruise ship in at the mo but it seems to be relatively small work. Re any leaks, maybe...but certainly not the ml in my opinion. The protestors would leak it all over twitter in an instant
INFA needs to address it quick time. 7% drop suggests something leaky of the bad news kind