The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Think Infa have been "on the cusp of a transformational change" for a long, long time.
I've noticed those trades, LG. Have seen similar paterns before. Lots of small trades, right on the bid, before it then drops a bit more. Almost as if they are trying to cement the price as low as possible and force down to the next level.
Watching and waiting to see how much lower this goes. If it settles between 20 - 22p will pile in with a big chunk. At the last minute decided against the O/O at 30p and am glad I did.
The recent paltry director buys and lack of material progress is something to be concerned about and the company are providing shorters with the perfect opportunity to short this.
Until the bod announce a game changer RNS to stop the rot then the SP will keep drifting....
From 5th May Placing RNS...
"The Company is on the cusp of a transformational change following the award of the Saipem contract"
So nearly another 2 months on, I hope for the bod's sake this "transformational change" is imminent!
Just leaving this here… https://www.allenovery.com/en-gb/global/news-and-insights/publications/court-of-appeal-decision-on-code-of-market-conduct
Bod to blame imo, they've allowed the company to become vulnerable to this sort of practice....
Ban4118 I don’t know about a shorter or not but there is certainly an odd pattern of selling. I doubt there are a multitude of sellers each selling small amounts of shares at such frequency. More likely some type of manipulative behaviour. It is all a bit odd and should be looked at.
I have heard from a credible source that the shorter is an MM. It makes sense as they can go short and not inform the market as they control the book. Winterflood have previous and my money would be there.
Don't panic we have a fancy pants barrister on our side.??
Good man Chrisatrdg staying on top of these blighters with your emails.
We can only hope that Mr Poots (not being the main man any more in the DUP), will have more time to focus on his role as DAERA minister and to get ML over the finishing line.
Chrisatrdg, I think the Board committed to quarterly updates. There should be one due by the end of this month if I remember correctly.
Hi stokey12,
I have just e-mailed the following to daera and hope to get a reply in the next day or two based on my e-mails with them going back to April 2020:
Dear Sirs,
We are now the 22nd June 2021 and there has still been no announcement on the outcome of the Marine License with regards the Gas Storage Project in Northern Ireland as detailed below.
It is understood that the matter has been moved onto the next stage and may involve a 'Public Consultation', a decision by the Minister or the Executive of Northern Ireland.
Is it possible to know where precisely this issue of the Marine License is & associated issues and who I can speak to to understand what is causing the hold up for an issue in which the consultation closed on the 20th January 2021 being some 4 months ago.
I had hoped not to take up any more of your time on this issue which I thought would have been resolved by now.
It is appreciated your patients in this matter and your replies to me going back to April 2020.
Regards
Chrisatrdg In relation to your 14.31 post I suspect that if the BoD knows anything they will mention it in the quarterly update at the end of the month.
Hi All - Is it not time for some form of update from the Directors on the ML or our we expected just to wait for ever.
H&W was tagged in this article https://www.niferry.co.uk/a-look-inside-stena-adventurer-june-2021/ Some nice photos.
How can UK shipbuilders compete with overseas governments subsidising their domestic industries. We, as in the UK, always abide by the rules and the net result is the loss of manufacturing/engineering jobs. We need to level up the playing field before we abide by international competition rules.
To make Britain a shipbuilding industry big again and create hundreds of apprenticeships and experienced tradesmen ,was that not stated by a certain person !!:)
I have just seen this https://www.bbc.co.uk/news/uk-politics-57556938 so the new flagship will be paid for by the MoD. I also note that the preference is for it to be built in the UK but the procurement will be compliant with International Procurement Law so it may not be possible to exclude international companies from bidding. I am still hopeful on INFA winning the tender.
Tories putting firms making metal for Navy warships 'at risk' by slashing rules
https://www.mirror.co.uk/news/politics/tories-putting-firms-making-metal-24358485
Fair play Stokey it's all about sharing opinions .For me a large project supplying oil and gas to the UK is being played out .Time will tell and the way this company has been spending on assets and staff is a clear message that some major funding is coming from somewhere and the gas cavern project is already in the bag to go ahead ,fully funded with infa having a minority stale at best and the project is so important to Ireland energy needs that it's a no brained.If Poots or whomever says no they will look a right chump when the lights and gas cookers go out in a mid winter freeze.
Stokey,Wallace will be waiting for his train to London in the morning,will try catch him
Chitta123 In relation to your 13.24 post I think you are making connections where they do not necessarily exists. I am not aware of any connections between the IslandMagee project and H & W beyond having the same parent group. It must be remembered that the two in the main are engaging different governments. IslandMagee engages the Northern Ireland Executive while most of the shipbuilding as far as it relates to Defence work engages the MoD or the UK Government. There will therefore be separate people making the decisions based on different policies.
Utterly convinced now that the FID company that has the offer on the table will be the company taking the majority stake in the island magee project and probably the same company that acquired the data from the salt caverns drill from infa and once this money is in place the defence shipbuilding contracts will follow in quick fashion.The sp is disappointing but although the recent director buys are paltry in some ways I think they are a heads up.
Si_Derman In relation to your 09.13 post I think you may be being unfair to INFA. The delays to the IslandMagee project in the last year or so as far as I can see cannot be blamed on the BoD. The delays seem to be caused by the Northern Ireland Executive being unable to make a decision in a reasonable time. In any case any new development will need planning permission so is not likely to be shovel ready for sometime.
Just came across this https://www.youtube.com/watch?v=GGFtIh4RH6Q the BEIS comment seems to imply that companies in the supply chain would not be subject to any local content requirement but the developers will be. Can someone check my understanding.
On Wednesday you have this Committee action that might be of interest Defence (14:00) has a session on defending global Britain in a competitive age, with Defence Secretary Ben Wallace, the star witness. also you have this during Lords questions Lord Trefgarne, asks if the UK intends to maintain a continuous at-sea nuclear deterrent. Lords Questions starts at 12 noon.
Or others build something else around them while they are Naval gazing.
http://www.belfastp2x.co.uk/power-2-x/