Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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About time Sonny bought some shares .
Lazy directors are far too common.
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One hopes a bounce back above the last month 0.9 .
So, 1p bounce at worst . Digits crossed .
Don`t hold your breath though .
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Or 1.25p
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Maybe 1.2p this time.
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looks like traders are selling
back to 1p ?
was hoping we break 1.9p but looks like not enough momentum/
are we going to dip a bit to attract more buyers?
where in the chart is the level of support? chartist ?
Maybe before 2021 .
One hopes next year will be an Improvement Sonny .
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And dli have reefer logistics for it. Hopefully work out
Does anyone know why you can one buy these shares via HL but not Barcays ?
excellent that we are slowly getting the attention.
the other one that expecting significant news in ORM. i suggest you guys put ORM in watchlist too.
mcap around 6m, which is around its cash level. expecting massive asset acquisition on 7 Jan per recent RNS
Nitin Gadkari confirms Tesla coming to India in ‘early 2021’
Dipped my toes in the water this morning. Looking to build a position as I understand company more. Seems too good and opportunity to ignore. Such a big discount to NAV cannot be ignored! If debt starts getting repaid, discount becomes even bigger. Fundamentals appear to be screaming buy me!!
Management have put their hand in their pocket over the last 2 years and at a much higher average than current SP.. not huge sums but better than some companies giving out share options like confetti .
Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, announces that on 8 April 2019 that, Sonny Lulla, Chief Executive Officer of the Company, purchased 600,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 3.83 pence per Ordinary Share.
Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, announces that on 5 April 2019, Sonny Lulla, Chief Executive Officer of the Company, purchased 300,000 ordinary shares in the Company ("Ordinary Shares") at a price of 1.8 pence per Ordinary Share
Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, announces that on 4 April 2019, Sonny Lulla, Chief Executive Officer of the Company, purchased 100,000 ordinary shares in the Company ("Ordinary Shares") at a price of 1.4 pence per Ordinary Share.
Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, announces that Tim Walker, a non-executive director of the Company, has today purchased 500,000 ordinary shares in the Company ("Ordinary Shares") at a price of 3.4 pence per Ordinary Share.
Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, announces that Sonny Lulla, Chief Executive Officer of the Company, has today purchased 500,000 ordinary shares in the Company ("Ordinary Shares") at a price of 3.9 pence per Ordinary Share.
Agreed Scoutt ,
One hopes Sonny & Team are about to pay back that long term deficit .
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11 million in mkt cap and they have 30 million plus in cash. Need to support business holdings during lockdown of course and they have had to borrow to do that ...but the price takes all that into account in my view. Punting money only though!
As I said a few days ago this is a real punt. The price went below 1p before buyers piled in. I don’t think this is worth anything like the nav myself but 3p is a fair target and there is a lot of risk already built in to this discount. A lot of business here for this mkt cap and you are really just paying option money.
Good to see some active discussion on the board for once , usually very slow in here. Interest is certainly building , I am happy with my holding here and look forward to more attention for this under valued and under the radar share . Gla
India recovering.
Indian economy is pulling out of COVID-19’s deep abyss”, and is moving “towards a place in the sunlight”. While growth is expected to be marginally positive in the third quarter, the study notes that if the current momentum in activities persists, the bounce back in the fourth quarter may actually be stronger than what baseline scenarios indicate.
On the demand side, while there appears to have been some moderation after the satiation of pent up and festive demand, household demand continues to expand. Electricity consumption is up, as is petrol consumption. GST collections remain above the Rs 1 lakh crore mark, and both inter-state and intra-state movement of goods continues to show an uptick as reflected in the e-way bill data. Non-oil imports have returned to pre-COVID levels, and RBI’s survey of consumers indicates that sentiment has improved, as employment conditions have begun to look up. On the supply side, manufacturing activity has picked up, as has the services sector
yes, its all down to sentiment. we have seen for some companies in AIM, sp been lingering down for long time despite valuation should be much higher. look at JLP for example. was round 2p-3p for many years and only few mths back it started getting the attention and sentiment and now sp already 5 bags. there are other companies too.
same here, yes, NAV been high and sentiment still poor but the reality is IIP should be valued at much higher as they have massive infrastructure projects in India that worth multiple times current mcap. if any of the projects being sold, we will generate massive surplus cash.
why sp been low? well, because low sentiment and people are avoiding this. for a start, we should rise back to pre-covid sp which is around 4p for starter.
and then from there, we should hopefully rise back to close to NAV value. we need positive sentiments . though the fact that certain derampers are appearing indicates that they "care" about this company and hopefully that is a good sign that positive sentiment will return soon.
2021 is when economy will be back up in India. so expect massive recovery in here.
I don’t hold here. I have just had a look as it was plugged on the ARB bb. This is obviously a recovery play. Those drivers are pretty evident. Resumption of trade, refinancing and no additional covid disruption.
Looking through the RNS’s make sure you read the one for 18 Dec 2019. It gives an overview of the drawdown facility and the finance drivers. This is what the drew money for and because of covid much of it has not come to pass on time or on budget....
“Works at Nagpur, including a Private Freight Terminal ("PFT") and additional warehousing should be completed before the calendar year end. DLI is actively marketing the PFT and DLI expects an uptick in bulk cargo volumes as these facilities ramp up. Nagpur has expanded commodity freight with the addition of sugar and cotton exports during the period and the terminal maintains strong market share of the export-import market of around 40%.
The terminals at Bangalore and Palwal are both expected to be completed and to commence initial commercial operations by the end of the current fiscal year. Completion of the terminal at Chennai, along with its Free Trade Warehousing Zone, is expected to be later in 2020, as the team work through the regulatory approvals required for the facility.”
From the September interims the have a nav of 15.3p and 30.8m cash so you have to understand what the gap is between the current sp and nav. For a closed investment like this there will nearly always be a discount.
The discount here is imo due to the loss/share of 2.9p, the huge admin costs and the accrued interest on the draw downs. Factor that in with revenue reductions, project delays and the risks with covid and you see why the market has been harsh on the SP.
The stimulus plans and base rate cuts in India will help.
Outside of calendarised trading updates and mandatory results it’s also not exactly a news driven share. Imo this one is pretty much all about the financial footing.
The real catalyst here to get closer to the nav is covid ‘testing/containment’ and debt restructuring and cost cutting. That is why they need so much cash but it won’t last. If, however the management can renegotiate better debt terms or govt finance then this indeed would rerate.
Atm 1.6p is probably too cheap due to risk aversion and 10p may be too expensive based on current losses.
There are some interesting plays in the pf, particularly energy. That should give them good leverage to refinance as the current rates are too high. Look at the consolidated statements for income and expenses summary tables to September 2020 at the bottom of the RNS.
Investors may do well here but not for me. Atb.
Trek
I think I will buy in Tuesday morning.
GBP - INR has now increased too...it should re align at some stage hence I’m building a stake here at this price.
Or is it an absolute bargain?
Market cap just looks too low in comparison to NAV, surely got to equalise at some stage. Obviously currency will have an impact.Just looks so low, I’m wondering what I’m missing?
Obviously Covid has had a great impact bringing share price down, DLI project now nearing completion in Q1 and things getting better in India...just the cash alone is worth 3 times the share price...all it needs is a bit of research...Good luck with whatever u decide...research and more research is key.