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that's a reasonable holding! nice one
You may well be right however as a lth already with 27.2M shares and looking to add more it concerns me not in the slightest...
There you go I've even changed my opinion from 'none' to 'strong buy' !!
I'll second that this is most definitely a strong buy imo - even though the placing happened - again!! However now the EU grant can be unlocked to finally move the project forward it's also possible that we may still qualify for a CBRE grant under the N.I investment fund. A FOI request was recently submitted confirming that £1.5M was applied for however it's my gut feeling that a decision on the application has not yet been reached. Hence the latest placing to keep the FEED phase on schedule so we don't lose out on the EU grant which would have been disastrous! So we could still get an update on this as well as details of contractor's appointed and when they are due on site to get on with it if they aren't already! It also gives me absolute confidence in Infa now SI are involved!
Hi spudtheplumber - I like your positivity & totally agree with you.Onwards & upwards.
You can complain as much as you like about the "moral errors" committed by the bod! Fact is we are where we are at this level, funded for FEED, EU match funding incoming, valued at basically cash, Next news crucial IMO a strong buy
FWIW as a reasonably large holder I do not agree that Placees are likely to dump at 0.24 or 0.25. Sure...one or two maybe. But IMO the profit margin is probably not attractive enough. Each Placee has their own agenda. Some may sell at 0.28/ some at 0.30/ some may hold for a year or more to wait it out. I don’t see a “ rush dump” although I can’t be sure. More sensible to bottom drawer this as FEED is initiated and EU grant possibly forthcoming. I am filled with doubt of course as I have seen my investment reduced by 2/3 in value. But this will either wilt and disappear at shareholders’ full expense or it will “ multibag”. I hate that expression.It is like “ shareholder value”....It is abused. I however am heartened by faith in SIC and I agree with Presto that Placees unlikely to jump quite yet.I don’t feel the warrants are attractive enough at 0.48p either. Too many shares afloat now. But I may be proven wrong. We’ll see. Infa has however made the very serious moral error of alienating loyal shareholders by 3 amorphous Placings and nil communication. No excuse for that. This is still very much a ideological “play” with lots of different takes. Your timely appearance is interesting Presto. Welcome of course. But we don’t get many new actors ....especially with positive and seemingly sensible takes. A lot of LTH’s have lost much and deserve to have been treated better. I wait with an open mind. But I agree that Placees are unlikely to deposit yet.
V - as I said over the last week, you should buy as the difference between .23/.24 is negligible and with news due late April /mid May - the current price will be higher. There is a serious restructure underway and you know the inside track. Several others that you know will also be buying in as they have researched the guidance notes and placing publication. I might have misunderstood the current bod approach when the price dropped from .75 to .25. And that was pointed out to me. My only defence to that I didn't know very much about infa until I was brought inside to the placing. Regrettably you can't buy all the placings! But I have a lot of faith in SIC and they are not a bucket shop. As you know they wanted me to diversify funds away from BC as I'm very over exposed. Anyway you know where this is going and so do I. Buckle up. I posted on here as the bb seems very sensible and the numpties haven't arrived as yet. We are fully funded to q1 2019 and well positioned for a push north. The placees in my opinion won't be jumping anything soon. I hope the LTH's give it another 3-6 months to see the progress that has been made. This is not a buy or a sell recommendation.
all depends on newsflow whether places dump at .24 imo decent news will definitely make the placing "stickier"
Presto is a good guy I wouldn't buy stock at 25 though There are going to be millions for sale as placees will be happy to dump at 24 to keep the free warrants they have! I think we will fall to 22 23 No rush
Supplier Event Centrica Storage - Rough Decommissioning Project by NOF Energy DATE AND TIME Thu 26 April 2018 10:30 – 14:30 BST Location LOCATION Wynyard Hall Stockton-on-Tees TS22 5NF .............................................................. NOF Energy, in partnership with The Oil & Gas Authority (The OGA), is organising a supply chain event with Centrica Storage. This event will bring supply chain companies together to hear from Centrica Storage on the Rough Decommissioning Project. In addition a presentation will be given by Fabricom who work closely with Centrica Storage. ........................................................................................................................ Meeting this month to discuss the decommissioning of Rough - must be getting close - "current stock levels as low as 74 million cu m, according to National Grid's data -- about four or five working days of gas" as of 15th Jan 2018 so will be much lower 3 months on - think it's fair to assume it's remaining cushion gas will have depleted before the end of the next winter - sooner than many expected. Delivery of project Infa now critical imo to help fill the gap to be left behind by it's closure. ..............................................
Thanks fella - very clear. I'm here on the recommendation of sic and the transition that is in play now. I'm hoping to build 10m and hold. I was just passing on info that I though useful as I've been hammered in other aim shares only to see them bolt up. This will gallop up. Sound proposition now that feed is sorted.
Presto, I read your last post half an hour ago and I've just read it again. I am concerned that you may have misunderstood a couple of things. The current BOD ousted the previous BOD in June 2017, so it has been in office for ten months. In that time the sp has fallen from .75p under the ousted BOD to the .24p it is currently. The directors of the ousted BOD held about 4% of the share capital and the directors of the current BOD hold about the same. One of the four directors holds no shares whatsoever and one holds .64%(4Million), while the other holds.3%,( 1.5million) all bought at around .3p. Only the CEO holds around 3%. All these percentages will be diluted,of course, after the current placing. The consensus of shareholder opinion is that many promises made by the current BOD have not been kept and that in respect of communication with shareholders they have been hopeless.Their most noteworthy activity in relation to shareholders has been to raise �1.8m in three placings, including the one you were offered. You have brought me,(and all shareholders in INFA), just about the only positive news we have received during the tenure of office of the current BOD,and that news ,(in relation to the 3p projected sp by next April ), was certainly not made available in the public domain. So I'm quite sure that all shareholders will be as pleased to receive it as I am. You are still a buyer here and I would like to be sure that you have the fullest possible information. PS. Nothing of what I've posted here is meant as a an apologia for the ousted BOD. I voted that they be removed and replaced by the Requisitioners.
I don't speak for anyone other than myself - I see a very underrated company previously gorged by the bod on promises of riches. They benefited and the LTH got shafted. The position now is a clean and transparent company. Final point I would make on PR or issuing news - Wud IT have made a real difference given how many of u felt ripped off. Wud u have believed the news anyway! This is aim and it ain't called the new Wild West for nothing. Infa is a turn around company plain and simple - get in at these bargain prices. Chat with u guys after GM. I'm back to BC and see if I can sort out Stanley once and for all. In house joke on a specific bb.
IMSL is owned 100% by infa Plc. Yes infa had many years of miss management and corporate governance issues. SIC will likely put an independent director on the bod. After GM - infa will be fully funded through to project finance in q1 in 2019. Exciting times ahead and at basement prices. But let's not get carried away - the downside leading to the placing were: low management shareholding, market credibility, weak executive control, lack of SP momentum and the biggest downside - PR issues. Finally removing the previous greedy bod was obviously going to blow a bloody big hole in the company. That's all in the past and we will see the Phoenix rise from the ashes. You now have SIC broker in place and Allenby as the nomad. My experience of Allenby is they are ultra cautious and take a red pen to all forward statements by any company. That said 'they won't be able to hold this back on the FEED update'. I've prob said more than I shud have but the info is in the public domain and just need to find it it! Gla
Presto you certainly are a very welcome addition to the Infa bb with your valuable input! Nice to see that someone who yesterday thought this was a con is now looking to actually buy more lol! All I will say is good luck to all long-term holders we will hopefully soon be rewarded for the pain we have had to endure over the last 12 months!
Amen to all that CRL.
Yes...I know of one of us in first Placing.I was agreeing that 3p target was good to hear but just reminding ourselves of many other things that were good to hear at the time. Some news is good news in this case of course. One must tread on rice paper in the stock market and filter intelligently and diligently. I write with cauterised fingers. I very much appreciatee your comments Presto.You do not seem to be a ramper or poster with a distorted agenda. I am sad that this info was not given to us loyal supporters from the coup . That makes me cynical. But I applaud your input. Please continue.
Presto, thanks to your intervention we will certainly see some buys going through next week. Some of them may be mine whereas I was seriously thinking of selling.By the way Presto I posted here on 13 FEB suggesting that the BOD raise the �600K needed for FEED by raising investment cash with 12 investors (including the four Board members), and I offered to put in �50K as one of those investors. So SlC are on the same track but the placing will be dilutive. Presto you have a lot to contribute here. CRL,I agree with the points you make but a projected 3p is far better news than the no news whatsoever we've been accustomed to over the last 11 months. And even a partially correct projection will see us back to positive territory financially. We owe a debt to Presto, I think. By the way I knew that one of us was included in the first placing, at least. Go well.
I can access around 5 brokers as an EPI - SIC, SCC, REK, PORT and PER. Took me 14 months to achieve that status and the doors it opens Wud amaze some. Not all placing offers are credible either so you have to choose wisely and with a cool head. My fav is the first 3. The last one holds majority of my holdings. Infa placing was needed to match and then secure the FEED funding. This was easily achieved. The placing doc is very detailed and sets out projected volumes over 1/3 years and all the more important with Brexit looming! My read on the current situation - leave the past behind, get on board with the new management and let them knock this out of the park over the next 12/18 months. We are at the bottom of the market, it might drop a little more to .23/.24 but zeez this is only going one way and that's north. I've some funds to move around but you will see some buys going in. Then it's bottom drawer time. Job done.
I believe all but one of us here were not included in any Placings either. Re. 3p. Is not bad news. Is not necessarily pie in sky. But it’s projected. It depends on many variables. As with any promises I would take it as only that. Te. SIC I have no reason to doibt their professionalism.
Looks like good news and as a long term holder and one who voted for the requisitioners it would have been good to be included in the Placees list. At least it would have provided the opportunity to let me know that the BOD projects the SP to be 3p inside a year. I have never been included in any of the placings and I have ended up with a larger investment in INFA than the BOD. All rather disappointing. But thanks Presto for splitting the gaffe.
Yes , I've heard very good feedback from SIC clients
You should visit some of the BC bb's, they court controversy- you guys are ok. I never understand why some post on shares that they don't own!! I'm equally not going to go down that route he said she said - I'll post what I can and I'll leave this with you. My broker called me a prized numpty for not buying in but when I spoke to him after placing and told him I've been buying - he said gd call but we don't get ur commission haha. I told him you have already done well out of me. The old scumbag bod are lone gone and the new guys are keen to distance themselves from the past that includes the broker. They are very professional and will ensure the bod are kept honest.
Cheers Preston! Word of warning, any positive posts on here will be viewed as controversial by some ;))