Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video 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.
Check out twitter. Some great pr too from the Clarence House account. Surely all this has to come good at some point. I do fear the placees are selling as much as they can at any price above 30. Which basically means we are stuck in this range for a long time yet
My response to an out-there comment that a company is going to come along buy 3 recently bankrupt shipyards is accurate. When i typed that comment i though about the ridiculous comment i was responding to.
Personally im just holding on to see if ML gets the go-ahead, which will see a spike in the share price then, after over 3 years in this company i am out.
I do think this company will be some sort of success, as the Tory party have to chuck some bones to the former industrial heartlands, but i think my money will be better placed elsewhere if/when its recouped.
I decided to exercise a degree of caution and so took up half of my allocation. In the case of Hargreaves Lansdowne and iii decisions are required by close of play today. My hope is, at some point, be able to recover my investment back here with at best a modest return.
I wouldn’t suggest it’s been saved quite yet but it certainly has had a reprieve which will be most welcome for the workforce and local businesses. It’s building towards being sustainable however that will require £42 million turnover in future years based upon current assets. The phase 2 Saipem award is fairly crucial to this.
I’d hope they are able to announce a couple of £5/6 million awards in the next 2-3 months; as they just put an RNS out for a £1.6 million contract then I hope we have set a precedent for anything at that level and above; in which case if we don’t hear much it’s because we are still only able to win the smaller ones which whilst a help won’t keep us afloat
Anything can happen, I hope INFA do break even this year, but I hope even more I break even sooner rather than later. Lots to aim for if the BOD are up to the job.
Tonyh maybe you think a bit more in-depth, afterall INFA bought those "bankrupt shipyards". Did you not notice the reason H&W went into administration in the first place is because it was owned and mismanaged by some kind of oil company that were only interested in how they could use it to help their ventures? They weren't interested in carrying on a fabrication or engineering business.
Thankfully JW and team with came in and saved it, and now have generated INFA's maiden revenues with it, and expect cash break-even by the end of this year.
Read that again for those of you doom and gloom types. We could break even this year
I just cant see anyone coming in and buying what is in essence 3 recently bankrupt shipyards.
Only reason you'd do that is if you had a load of other peoples money to gamble with.
Nobby31, fair point.
I have taken my entitlement lucky really as my deadline was today (apparently).
Tango1. My thought is that the new acquirer would come with their own order book. They would then have control over this rather key element of their supply chain at an incredibly low price (given they will be fabricating hundreds of millions of pounds). Also they can still win other 3rd party contracts from “the pipeline”
Nobby31. I agree with your thought on a major short in the stock. If I was that short, I would pressure the stock below 30p ahead of this Friday decision (placing) deadline. If enough shareholded shun the issue, it would help the short cause and put the company in an awkward position. I have taken up my allocation and applied for more.
I can't see us being taken over until we have a decent order book, Agree with statement regarding Chairman (and have for a while), not bought any shares and not contributing anything "Material". With lockdown now virtually gone we should see a significant ramp up in orders if not something will have to change at the top.
With all the infrastructure spend in the "pipeline" I see us as a potential takeover target at this price. Would need to be a bold investor but the likes of Saipem who already own yards is one candidate. I'm sure there are others. I think a lot of shareholders are losing faith in the idea of this being a multi-bagger but there could still be significant upside for the patient ; just wish that the Minister would get on and award the ML as its only a bit of over salty seawater for a few years for goodness sake!
I consider the possibility of the acrimonious fallout with Gresham House. They sold down their shares because they could not persuade the Board to change its structure such that its corporate governance was befitting a company with the profile it has built. GH held about 5% and I wonder if someone is shorting the shares as it would not take much to suppress the price.
I do think there is a growing realisation that we now need a "functioning" Chairman with experience working with the City institutions as more cash will be needed; secondly that we also need an NED with teeth. It will happen as otherwise INFA cannot succeed as you can't win against the money 'men"
Decision made yesterday, subscribed for basic entitlement and a small extra tranche.
Good luck to all at H & W, I hope you succeed in providing quality employment to many!
Lottie123 In relation to your 10.07 post there are 94m shares in issue. Almost half are held by significant shareholders. I am not sure of the percentage held by PIs or IIs. But the daily trading average is less than a million. So there is scope for this to go on indefinitely. I suspect it would take a couple of large contracts in quick succession to get the share price moving.
Hi All - Stena Europe has now docked.
https://www.vesselfinder.com/?imo=9208394
When will this never ending supply of stock cease? Plenty of demand but someone is hell bent on keeping the stock down. Hey ho, only time will tell.
I see on the Belfast Harbour website that Stena Europe is coming into the H & W Belfast ship repair quay (SRQ) tomorrow morning and has a 4 day stay according to them.
Anyone any knowledge on what it's having done ?
https://booking.belfast-harbour.co.uk/
Let's not forget local jobs and economic benefits too!
Lottie123 In relation to your 12.20 post I suspect that they will meet strong resistance from number 11 who will argue that the 130% deduction introduced in the March Budget. Targetted intervention in certain sectors is possible the CfD round 4 auction later this year will give an indication of the support available for renewables sector. Of note for INFA would be the local content requirement.
A report due today by The Levelling Up Taskforce (40 Tory MPs ) is likely to put more pressure on the government to push greater tax incentives to bolster investment in deprived areas. I am becoming more positive about the prospects for INFA business plan with its significant nationwide fabrication footprint.
A large-scale centralised production system situated near Islandmagee and Belfast is a very real prospect for NI due to it's:
Access to large amounts of electricity due to location near high voltage electricity grid and interconnection with Scotland.
Proximity to large potential demand, including:
The natural gas grid via the SNIP
Ballylumford and Kilroot power stations
Buses and heavy goods vehicles in Belfast and the M1 corridor.
Potential for large scale hydrogen storage at Islandmagee and potential future salt caverns at Larne.
Suitability of Belfast port for export of renewable hydrogen and its derivatives
Encouraging report and quite recent, like the"a very real prospect" bit.
Just one thing though, I thought IM lost it's PCI status.
Chrisatrdg In relation to your 12.49 post they seem quite happy to scare inward investment away so they must not have an unemployment problem.
Another application 'on hold'.
https://www.businesspost.ie/energy/natural-gas-plan-inappropriate-until-review-182e25c2
Edit: This was posted on ADVFN recently.