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Hello all, If you recall here I was a holder but sold on the day of the fund raise announcement, but having done more research have decided to buy back in today, I do not see much more downside in the sp, and feel that at this time the Island magee project has no bearing on the current price so if it lands can only be positive, however now reading that the decision is due this year !! GLA, Roly.
Don't know about an annoucment, I think the sp needs a defibrillator. It's flatlined.
https://invst.ly/uy-ia
Just about anything to wake it up from here is needed, atm, as there's not much support below these levels.
Historically speaking, that is.
GL.
Thanks for those Si. What a lovely old vessel she is. Nice to see
Pics from last night of SS Freshspring leaving Appledore.
https://ssfreshspring.co.uk/news-26-05-21/
A very tight spread on our infa at the moment..cmon Poots get that announcement out .
“…More than 30 vessels have been serviced at the Belfast dock since 2019, with repeat business secured from key clients such as Stena, P&O, Irish Ferries and Sea Trucks. Infrastrata hopes for a further boost after the recommencement of the cruising sector this month…”
https://total-market-solutions.com/2021/05/infrastrata-plc-2/
Good research Stokey.
Ten year time horizon company, classic high risk growth stock: happy to be here...
I read it as a positive for Team Resolute and an attempt at lobbying by the incumbents
Fwiw
There has been two tweets this afternoon. This one shows a 160 anniversary video which includes what they hope for the future. https://twitter.com/Harland_Wolff1/status/1397956882950758408.
This one advertises a careers open day at Methil. https://twitter.com/Harland_Wolff1/status/1397955157472813059
Projected UK offshore energy workforce and offshore potential including offshore wind,
http://www.rgueti.com/wp-content/uploads/2021/05/workforce-transferability-report.pdf
mcadder In realtion to your 13.52 post sorry I remember reading it now did not appreciate it was the same article.
Guys,
with the Saipem contract due to commence on 01 July 2021....are they supposed to have the done the site upgrade by then ???
" up to £2.0 million for necessary capital expenditure to ensure Saipem contract can be carried out "
Stokey - I posted that Telegraph article on here yesterday evening...
Nobby31- Closed Period! well they are certainly bleeding us dry.
The view from the Telegraph https://www.telegraph.co.uk/business/2021/05/26/ministers-attacked-failure-ensure-british-shipyards-secure-navy/ I do not subscribe to the Telegraph so if anyone does can they please copy and paste the article if it says anything new.
I have raised this with them on multiple occasions and they have told me each time they are in a closed period. The reality is they can effectively nominate to the broker some of the time if they wish to be closed. It is and would have been entirely possible on multiple occasions for the BOD to acquire shares since May 2020; but they have chosen not to for their own reasons.
If anyone can find a copy of the Investor Roadshow video please could they kindly send me a link as it is now pretty clear the BOD will not be posting it ; for reasons that are unclear but also concerning in terms of what was said
The last time the directors bought shares in the company was in May 2020...so for that to be the case they would have to have been sitting on price sensitive information for over a year. Seems unlikely to me.
Tango1
It may well be because one or more of them has inside (market price sensitive) information that prevents them from doing so
It Baffles me that given the positivity of the BOD, NONE of them have increased their holdings.
Absolutely..!
As a sideline, anyone on LinkedIn I would recommend following Hydrogen East. Not surprisingly, they are focused on the East, especially the Bacton Gas Terminal in Norfolk, but they do post and link to some interesting stuff generally about Hydrogen.
To add:
Accordingly the net proceeds of the Placing, expected to be a minimum of approximately £8.3 million will be used as follows:
• £4.0 million to satisfy performance bond required for phase I of Saipem contract;
• up to £2.0 million for necessary capital expenditure to ensure Saipem contract can be carried out; and
• £2.3 million for additional working capital to support enlarged business.
So the 2.7 mill received above the 8.3 mill outlined above hopefully stands us in good sted for a bit.
Not that we would know that given we have just hit a 52 week low in share price as I type. FML lol
Agree Lottie (and Nobby) but think your figures are short a bit? 9.6 mill raised after expenses with institutions, then 1.7 mill before expenses via open offer. So maybe we got 11 mill in total or thereabouts?
Agree Nobby31. Life, as we know, is all about timing. I read daily about massive investment plans in shipping and green technology. The UK is becoming a hotbed of wind generated investment. INFA are placed nicely but as you say, chicken and egg. They bought the assets at knockdown prices. With a fair wind, excuse the pun, they will survive on the crumbs from ship repairs and push onto the sunlit uplands of major, long term contracts. As shareholders, we should expect ebbs and flows in a companies fortunes (and SP). I still believe the company has a good strategy, its just in the lap of the gods, if I and the other shareholders, see a return.
The Building Dock has not been in use for months now .. speaks volumes and we are storing a lot of expensive sea water !!
Very valid concern. Overheads increase month on month and the level of work does not currently support it.
So yes, a big gamble!! Do need to see a big win of some sort by July/ August or I think we'll be in a precarious position.