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Bullet points.
The minister of defence had a delegation at H and W last week.
Going forward we can look at debt instead of dilution.
The renewals sector will offer increasing work for infa.
We now have the land acreage to pacify large company's demands.
We would not have secured the Saipem contract without the recent Scottish Aquisitions.
This company is a medium term investment rather than a quick growth investment.
Once we start the contracts will roll in.
The last few years have been about setting up the foundations to be able to grow into a significant manufacturer in the UK.
In normal circumstances the ML would take 3-6 months so the delay we have had makes no logical sense .
Wonder how many shares are going to institutional investors or government interest in placing ?,not long to wait I guess
Chitta123 In relation to your 07.22 post a fair summary. The only thing I would add is if I heard correctly JW said that he would not expect to come back with another fundraise for 12 months. Whether people believe that is a matter of personal choice. I wuld observe that he is in possession of more information than we are and on the basis of that information he seemed confident to be recorded as saying that.
When confronting the thorny issue of remuneration, there was a lot of waffle, concluding in the fact that the directors' packages had been agreed on a 3 year basis, ending on 31st December 2021.
Another cheeky million each for this Christmas, then?
BlairPeach In relation to your 07.58 post I note you made no mention of the fact that it was also said there was a clawback provision in the deal. But then you only make negative posts as opposed to balanced posts.
stokey12,
How effective do you believe claw-back clauses to be in reality, once a company has gone down? Notice there was no mention of the quantum either...
BlairPeach In relation to your 08.12 post as I do not accept the premise of your question so I will refrain from answering it directly. I would observe that from August in addition to income from ship repair work INFA will be receiving £2.6m in monthly payments on the Saipem contract so I do not see INFA going down.
Stokey I wish you would filter trolls as I do instead of simply replying to them, blairpeach is one of the dedicated derampers on this board
RazorShultz In relation to your 08.33 post that would not be much fun though.
Unfortunately I could not attend. Was there any mention of progress on the marine license?
stokey12,
Silence is the hiding place of the coward.
I did not say that INFA would be going down, either!
After last night, would you entrust your new-build vessel instruction to that pair of turkeys?
Sadly Blair, you come across as someone who has never ever run a business. Your naivety and sheer foolishness is masked pathetically by dripping sarcasm.
But I apologise that your demand for civility is nowhere matched by your own words and actions.
Perhaps if you are so knowledgeable about gas storage you can help all of us understand how the economics for both natural gas and hydrogen works. That would certainly give this inept BoD some clues to commercialising the project and not be concerned about immediate revenue generation that seems to be the least of your concerns.
Sadly Blair, you come across as someone who has never ever run a business. Your naivety and sheer foolishness is masked pathetically by dripping sarcasm.
But I apologise that your demand for civility is nowhere matched by your own words and actions.
Perhaps if you are so knowledgeable about gas storage you can help all of us understand how the economics for both natural gas and hydrogen works. That would certainly give this inept BoD some clues to commercialising the project and not be concerned about immediate revenue generation that seems to be the least of your concerns.
droderick, droderick, so good he posted twice.
Whilst my experience really is none of your business, I will state that I have worked with shipyards. Guess what? There was no money in them.
Don't listen to me, listen to the esteemed Mr. Chant.
On the contrary, I was listening intently and the CFO picked up the question. He could not have been clearer. The 1m pay was a combination of salary, bonuses, accrued salaries of the past and remuneration all agreed as part of a three year deal from 2018 to 31 Dec 2021. If you cared to read the annual report, it states exactly the same in black and white.
While shareholders might have different views on this, and each shareholder is fully entitled to have one, the CFO was very clear and there was no waffle around it.
Read the annual report, it might be useful.
Sadly you still haven't understood the strategy that JW and team have put together. Probably better for all of us. It keeps the entertainment on the BB going.
By the way, I never asked for your experience in shipyards. I am least interested. I was asking for your esteemed opinion on the economics of gas and hydrogen storage that you have tremendous expertise in. So please enlighten us on how the BoD can generate immediate revenues with a development project.
No sarcasm, a really genuine question.
droderick,
I will post more fully tomorrow, but for now:
Long ago, I suggested that you were an insider at INFA - is this the case? I do not believe that JW's strategy is to build shareholder value, rather it is to have sufficient leverage in INFA to feather his own nest in whatever time may be left; on this I have been consistent. I also believe that he has deceived shareholders in the past as to the true status of Islandmagee; on this point, I am far from alone.
droderick,
A direct quote from you:
" I was asking for your esteemed opinion on the economics of gas and hydrogen storage that you have tremendous expertise in."
No sarcasm?
I look forward to reading your full and thoughtfully written post tomorrow.
In the meantime, enjoy reading up on gas storage economics for dummies. I am sure it is sitting right in the front of your bookcase that consists of one book: 50 shades of making oneself look foolish.
Genuinely no sarcasm. I would value any recommendation on how to make money now out of gas storage because unlike you, I am a shareholder and I am also affected adversely by the dilution and placing price.
"
On the contrary, I was listening intently and the CFO picked up the question. He could not have been clearer. The 1m pay was a combination of salary, bonuses, accrued salaries of the past and remuneration all agreed as part of a three year deal from 2018 to 31 Dec 2021. If you cared to read the annual report, it states exactly the same in black and white"
So listed companies can now give bonuses retrospectively?
I can't find any mention of these in the previous annual reports
Yes Spud, the CFO should know about the accrual concept in accounting. If not, then that is even more worrying than the size of the bonus.