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Interesting posts. I am aligned with Set. re. share price recovery and also agree that ii’s can be happy with a 100% sell off at 0.6 and we can’t really know one way or the other.Different takes on where we are..but like Set. I experience my holding massively reduced in value and respond with some caution. I have nothing of value to bring exceptthat we are here and sit out or sell. I sit . Again. Still.That or crystallize the loss. Positive intelligent posts keep me going in hope when I look in that dark bottom drawer.
So sorry Dawski
Missed your post.
Forgive
DRODERICK - greats post as ever you bring balance to the board like a few other good posters = good luck longs
Not forgetting if Boris gets a majority tomorrow NI will be in the best position for trade as they will be in the EU market and in the UK market for further deals, NI is the place that gets the best of both worlds.
I commend Droderik's posts as I have done before ..I refer you to his excellent script and summary on 9th December (November Milestones) ..Yes I am still invested here thought no longer of any significance !! Like you all suffering a sizeable loss but more than offset by Jadestone's recent rise.So no current issue for me.
I understand ( with no full firm evidence ) that there were two or more bidders for H&W ,one international and one a UK major blue chip player and a significant Plc. JW and team secured the deal from under their noses simply because they have immediate work for the residual workforce ..and concrete plans for the future.A Loss making Aim tiddler would not have been allowed anywhere near the table had he not been convincing -A masterstroke indeed.Please note that JW is very much aligned with us ..he too has a large holding and suffering a loss.I am not aware that he has been taking anything like a proper full salary for all his recent endeavours ..neither have Arun or Judith .JW has real form .He ran a shipbuilding enterprise in Australia; he has long standing contacts with Navantia, world class shipbuilders from a fellow friendly Nato country. Navantia has form too -they have successfully built frigates for the Australian Navy.Their first ( one of many ) visit to the yard today is significant .I imagine JW and Navantia will be salivating over the prospect of the Type 31E Frigates. If we can secure some pre payment /grants from N.I executive maybe some help from Navantia itself the future is indeed **** ....30p will be a good punt for the likes of Crux. All we need for Christmas is the news flow per IM !
I would absolutely zero credence to ER. Sorry Set, the guy is rumour mongering and has nothing today except cast doubt on things that he doesn't even understand. Take you back to a few weeks ago when he admitted that his own environmental work is shoddy. I therefore rest my case.
On the new investors, why would they come in 0.30 and sell at 0.60. They are institutional and are not interested in doubling there monies overnight. They are interested in the strategy and long term value accretion. These guys are into impact investing - employment, rejuvenation of manufacturing, high impact brands etc. I would be amazed if any one of them sell out in the next 12 months.
On Harland, sadly, we will never know who the other bidders were. But you can quite easily guess the UK and European counterparties who would have been interested. With the right strategy, and I believe JW has that, this could be a profitable asset, one that actually feeds the plc and other projects.
On the EU side, I am not sure what all of us expect from the BoD. Are we expecting them to publish email communications with the EU and telephone transcripts. We all agree that the EU is slow. We all agree that the grant to be reclaimed is under a binding legal contract and that the expenditure on FEED has been correctly recorded and audited in each financial report. So why are we constantly crucifying JW and the team for what is probably out of their control and can only push things along as much as they can.
Finally, I don't agree there was a unilateral decision made by the BoD. The deal was signed but was subject to the fund raise that was approved by shareholders, you and me included. As shareholders, we could have said no and the H&W deal would have collapsed. So it is not correct at all to say the decision was unilateral. We had the power to reject the deal.
I don't mean to pick on anyone, but we really need to be pragmatic here. Nothing is easy and the pressure on JW and the team is enormous. Give them a break and let them get on with it.
I tend to agree with Tango, logic would suggest that should Infa meet all the targets for IM this quarter, only a few weeks to go!!! then the M/Cap here should rocket. IM was before the aquisition likely to be worth "x"p! should all milestones be met, all though dependant on the numbers! ie the finance, that valuation hasn't changed? has it? or am I missing something?
In truth H & W is a separate entity under the control of Infa, therefore I suggest treat the two as eparate entities for valuation purposes.
I know where Set is coming from though, we are now under the whelter burden of some 3.5Billion shares and therefore the sp will take some shifting, but as I say if JW comes up with the goods then I see no reason why the m/v should not raise in reaction. We will of course need plenty of buyers and volume, so over to you JW, let the newsflow begin.
Also if H & W start announcing large contract wins then that will also lead to an uplift in the sp, again all if's? I see no reason for the Ii's to sell any time soon, spreadex are the only ones I am fearful of and they only have a small amount on their spreadbet books.
So if all goes well I could see a 1p easily here in a few weeks?
Mr T
Set- 0.08 is market cap of circa £25mill, I think in my opinion you are way underestimating Infrastratas potential in the next six months, I would say that the marine licience approval alone would see a MC of circa £50 mill without H&W. Based on future revenues. again in my humble opinion.
I hold no brief for Ewing JR but I wouldn't try to dismiss everything he says out of hand. His posts frequently contain a good deal of common sense. In the latest batch he has questioned the longer term effect of the recent institutional investors on the longer term share price. Their buy in price was .3p and the confetti effect of their arrival almost guarantees that the SP is not about to rocket. Any one of the II's would be very happy with a 100% gain. Just imagine the strangling effect their exit at,say , .6p would have . Ewing JR doesn't seem to lack common sense!
My personal view at this point is that I would be quite happy to have £10-15k invested here but not the many multiples of that I hold. I rarely predict SP development but I will be pleasantly surprised if the INFA sp exceeds .8p in anything like the next six months. That would still leave the majority of long term holders in, or near, a loss situation.
Who were the other suitors for H&W ? Can anyone name a few? I view that situation as a considerable millstone. Expensive to maintain and difficult to render profitable.
We have heard very little about IM during the past month. I sincerely hope that that is about to change in a very positive way in the next couple of weeks. I can't understand why we cannot have been informed about the EU grant money even if it is not good news. Surely our BOD can ask the relevant body for an update and subsequently inform the shareholders!
One last point. I thought that the OO and Bid offers were a wheeze to to raise more money while the going was good with the last placing. It is obvious from the pitiful acceptance level that that was the case. If one deducts the considerable costs of the operation it should be evident that the net raise was very little.
I understand that the BOD of a company cannot always be held responsible for the SP but if they make unilateral decisions without the approval of shareholders then they bear a high responsibility. Thus overseeing a more than 50% SP fall needs to be questioned.