Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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My apologies, you are correct pacman.
Disagree Builder, price was dropped at 8.21 to accommodate buy imo
Looks like a few cashing in
The 2.5 mil trade wasn't a buy, it was a delayed sell from 08:22
Get the loose hands out, all part of healthy consolidation before the next leg.
Couldn’t agree anymore Ailie, but it’s the 500,000 buyer I’m watching, can’t wait to see their notification, will be a game changer I’m guessing . All the best for the coming year LTH and any new investors
Looking great for next move up :))
John potentially and such an offer could materialise however better to proceed and continue to add value by progressing the project daily. The clear need for the storage facility is evident and with the closure of Rough it only adds to demand. Very fortunate and favourable turn of events.
My impression is we effectively get a free carry on the minority percentage and the partner funds the build in exchange for their majority percentage?
I think given the number of parties keen to already move into exclusivity arrangements and the fact a further proposal was made in mid December then a very favourable deal could be garnered for INFA and it’s holders. JW and the team are very much aligned given the amount of capital they invested by buying stock on market. If the grant funding is successful (I have no reason to believe it won’t be) and debt is arranged (and as stated backed by UK guarantor scheme) then there is no reason why a large percentage of the initial two caverns couldn’t be retained. Phase 2 for the further 8 caverns and potentially phase 3 for a further 15 could see INFA retain even larger stakes given they will be cash generative which makes perfect sense when staging the project for development. This also excludes anything on or above what we already know, twinned pipelines, LPG optionality and any other projects on or above Islandmagee aren’t even being considered at this stage. We have seen the calibre of the board, the way they operate and deliver and with such stakes in the company I have no reason to doubt they won’t continue to do so - in my view the company valuation has a long way to go and there are plenty of short term catalysts (as listed below) to help this on its merry way.
Wouldn’t it be far cheaper to bid for infa at say 6-10p a share and the bidding company keeps the lot at a fraction of the price!
65% is a loan guaranteed under UKGGS, the remaining 35% is project level equity.
It all depends on the derisked value the various equity partners give islandmagee
Isn't the finance secured bank loan? Which is guaranteed by the UK government? So all INFA need to do is secure the loan, which should be easy as the UK acts as guarantor.
I was talking to a guy who I met at the presentation yesterday and he was pretty sure 40% had been indicated.
Higher than I had hoped for but we will have to wait and see I suppose
Hopefully with 4 term sheets on the table we will get a fantastic deal
Spud,
How could Infa keep 40% of Project 1?
Even with a 35/65 equity/debt arrangement, that would require Infa to put up £39mn of the indicated £280mn total build cost.
Many like mine will be held in broker nominee accounts so very difficult to obtain visibility. As I recall AP tried to identify individual holdings when he garnered support for his ousting of the original support. Subsequently a number of placement has increased the number of shares considerably.
Is it possible to find out how many different individual holders ofINFA stock there are?
https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/010319-uk-power-gas-fired-output-hits-10-month-high
03 Jan 2019 | 14:32 UTC London
UK power gas-fired output hits 10-month high
Author Shubhlakshmi Shukla
HIGHLIGHTS
Profit margins for 50% efficient CCGTs healthy for December
Coal-fired margins for 35% coal plants negative for December
London — The UK's gas-fired generation hit 10-month high in December due to healthy profit-margins and less profitable coal-fired generation, aided by resilient carbon, traders said.
According to S&P Global Platts Analytics, the gas-fired generation in December hit 10.474 TWh, the highest since January when it stood 12.021 TWh, while coal-fired output fell 0.87 TWh month on month to 2.27 TWh.
Data from Platts shows profit margins for 50% gas-fired plants for month-ahead contract were above GBP7/MWh over 10 days since Christmas and New Year holidays kick started on December 19.
Profit margins for 35% efficient coal plants for month-ahead contract remained negative around minus GBP1.14/MWh on December 27 -- the last working day of the month.
The wind generation fell slightly by 0.357 TWh on month to 4.463 TWh in December
I wonder if we were a bit too harsh on our old friend Nazarene last night???!!! That said the research, analysis and thoughts of you guys, you know who you are, is just tremendous.......kudos to all and roll on / sail on tomorrow. Happy days.
Would have thought 30% max rather than 40% but hope I am wrong.Shareprice still a joke in my opinion.Even at 25% it’s worth 3p min in my opinion and goodness knows often get the grant!
I've just posted this on advfn
My thoughts, sorry if they duplicate what's already been said
The first 8 cavern project is worth 11.6p per share (from presentation)
That's fully diluted and 100% of the project.
Say infa kept 40% of equity, that would mean almost 5p per share for this first project.
This does not include any of the 40 mill EU grant (if successful boom!)
All future projects are ring fenced to keep value in plc until they are ready for project level funding.
Also infa get a project construction management fee during construction and a facility management fee when operational.
Massive potential here short, medium and long term imo
Another timely and well constructed post,John -I love the throw in at the end about Sellers. It is probably very difficult for day traders at this moment when the price the next day is even higher and WILL continue to rise gently until the anticipated RNS. You and I have had frank discussions about being a LTH .If one really believes in a project like this stick with it through thick and thin -Yes,there will be troughs (compare with SXX,another great project but now needing very deep pockets !)
https://www.theguardian.com/politics/2019/jan/03/theresa-may-ring-round-eu-leaders-fails-restart-brexit-talks-irish-backstop
Irish PM says he has escalated no-deal Brexit preparations
Ireland planning as seriously for no deal as for May’s agreement, says Leo Varadkar
Jennifer Rankin in Brussels
Thu 3 Jan 2019 17.11 GMT First published on Thu 3 Jan 2019 13.46 GMT
The Irish prime minister, Leo Varadkar, has said his country is preparing for a no-deal Brexit as seriously as it is for Theresa May’s deal and warned that the EU’s existing offer must not change.
The British government is pushing for further guarantees on the Irish backstop, the fallback plan to prevent the return of a hard border on the island of Ireland. With only 85 days until Brexit, the last-ditch push for guarantees has intensified concern about the damaging effects of the UK crashing out without a deal.
Creed said Ireland’s demand for aid from Brussels in the event of no deal would be substantial. “You’re looking at hundreds of millions,” he told the Irish Independent. “Between the beef industry and the fishing industry we’re talking mega-money.”
Have been investing with Infrastrata since 2013 and own 2%
Some great posts from Mr Dawski, Older, Tidd and Avyrerdowt. How can you put a value on a company like INFA at this stage of its infancy. It’s impossible and incredibly exiting. I for one won’t be selling INFA shares anytime soon. Good luck to all INFA investors, especially LTHs. Fair winds.