Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
Jabido In relation to your 11.39 post I do not think we are much disagreement. My view is that up to a third of any profits could be used for diviidends with the rest being used to grow the company. On the question of timiing from recollection the retained deficit on the balance sheet is circa £29m. Before any dividend can be paid this would need to be cleared. The two ways thatcan be done is by either cancelling out the Share Premium Account if there is enough in it. The alternative and my prefernce is by the accumulation of retained earnings. From the work that has been going on at H &W I would anticipate that INFA may reach the situation where there are retained earnings by the end of this financial year (31 July 2021). If that proves to be the case then dividends can lawfully be paid from then. I think when dividends will start being paid from depends on the shareholdings of the directors.
For me the first priority should be getting the hell out of the AIM exchange.
It was only by a few minutes Jab, lol.
The term makes me cringe the way it's overused these days, but, we're singing from the same hymn sheet Jabido.
Looks like u beat me to it TTNY haha
First off thanks for providing that insight dawski. Stokey, thanks for your continued contributions to the board too. Can I ask... You have mentioned dividends a few times. Can you explain your rationale behind it again please? I think I'd much rather infa retained moneys for the time being as a buffer. Particularly as it would assist in securing larger contracts - (companies want to see we have the money to see out the works). Out of interest, At what point are you anticipating dividends to be announced? I'd love to get dividends some day but I think a couple of years of income building would put me at ease first
I know a lot would disagree Stokey but i definitely don't want to see any dividend from INFA for quite a while !
There are pros and cons of a company paying dividends. Pros are it makes a stock more attractive to new potential investors to buy. It encourages existing holders to remain loyal. It can encourage investment and pension companies to have a stock in their portfolios, etc.
Disadvantages can include, it slows growth opportunities for a company to reinvest if they're paying profits out as dividends.
JW has big ambitions for INFA and these will obviously require funding. I'd prefer to have any profits accumulate to fund further growth at the minute rather than the need for further borrowing. We've previously seen borrowing with the likes of Riverfort, and although this was necessary at the time, borrowing (at sometimes not the most attractive rates) can have a negative impact on a share price.
We're maybe jumping the gun a little too talking about dividends, although it's good to look ahead. We need INFA to be profitable first before the discussion of dividends is a possibility.
I see we are having another day of low volumes. I presume everyone is keeping tight hold of their shares as they should in my view. The low number of shares means that you would not need a large amount of funds to pay dividends. If my maths is right a p a share dividend would come up to £650k.
Good Morning , Stokey and all .I need to allay your reasonable fears founded soley upon the delayed departure.My sources from the yard and otherwise confirm that the business relationship with the owners remains stronger than ever .
As TTNY says this is and old vessel and extra necessary works have been requested after being discovered post docking and the contract remains on course and profitable.There will be further work as the H&W team have been able to demonstrate how accommodating and flexible they can be .We have a happy customer here so no problem to be concerned over at this time !!
From earlier communications from the company Stokey H & W have done substantially more work on the Connaigra than what it origonally came into the Yard for. It appears that these additional works have been quite substantial too.
Maybe the new departure time is to even more work that needs to be completed. Or maybe it's always just me wanting to see the potential positives, lol.
Either way, there's no doubt about it, the OC will have been a good little earner for us with the length of time it's been in dock and the amount of work completed.
I have just noticed that the departure date for the Oceanex Connaigra has been put back again to 28 October. My concern is that INFA does not want to get a reputation of not finishing work on time. I therefore wonder what was the cause of the delayed departure which will impact on the Oceanex shipping schedules and possibly chances of repeat business.
Make me proud to be associated with this yard, it's historic past and brilliant future.
Seen it before hope the next one is where they are now & where they expect to be in the next year.I am still showing 'Hold' & as I suspected no news yet on the ML . Likely now with the lawyers !!!!
I have just seen this tweet https://twitter.com/Harland_Wolff1/status/1315965176714321922. Have not watched the video yet.
Si lol ok then ...
If you all chip in I'll get a drone and buzz the site once a week. lol
Okay, only positive posts, unless the merde hits the big wurley thing. :)
TTNY,interesting though about the dry dock and its past links to appledore ,thanks.
Nice find TTNY. Might sign up as a volunteer.
TTNY,interesting though about the dry dock and its past links to appledore ,thanks.
Thanks for those pics Si of the Appledore site. It's good to see in more detail as to what exactly the site is.
I think we need to make you our Appledore correspondent on the page here with you being so local. No pressure, but we're hoping to get at least weekly updates from you (and positive ones too, lol).
As for my big wurley windmills, i refuse to use the term turbines ! Im 50 now, and have been using the term big wurley windmill for 47 years now (for those round and round things), and I'm too old to change. Hope you understand.
You can see the big tidal doors at the end where that ladder is.
TTNY,lol
I'm just being mischievous, it's not our Appledore dock that's been sold, although i did wonder when i initially seen the headline, lol.
It's not INFA related but i thought it might be of interest to some folk here who have shipping or maritime related interests, or anyone living in or near Appledore (Si).
It's the Richmond Dry Dock that's been sold having been purchased by the Wheatcroft Collection. It's more good news for the Appledore area and helps going towards rebuilding the area as a significant maritime region.
https://www.inyourarea.co.uk/news/historic-appledore-docks-sold-to-second-world-war-collector/
TTNY,lol
Not wishing to be a pedant, but I will. :) Technically they are wind turbines and not windmills.
Windmills mill things like corn and such, whereas turbines turbo stuff, like generators. ;)
Only messin' TTNY.
Looking the Appledore site I'm not there would be much free acreage for a huge amount of turbines.
Some, but not a lot. The back lot is mostly car parking which I hope they fill up and I guess they would have to be close to the water and with sufficient crainage to get them on to barges for transportation. The yards are also split by other businesses. I know what you mean though, something will suddenly happen. My overiding concern is that they have been given the nod that the ML is a no goer and are going all out in other areas to soften the blow.
Here's a link to some pics of the site from the agents that were in charge of selling it. Just so you get a feel for the site, if you haven't already seen it.
https://property.jll.co.uk/sale-industrial-and-logistics/industrial-and-logistics-sale-bideford-ex39-1uz-15418
Cheers, Si.
One of the union reps at Appledore has responded on twitter to a tweet I sent. The photos are of the dry dock. apparently Appledore is rare in having a covered dry dock helps when it rains.