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They gonna bg clipboards soon IMHO
Let's hope John and Arun aren't spotted walking around Inchgreen, clip-boards in hand. ;)
Poker, problem is the corner Infa have painted themselves into. They have bought serially-failing and highly capital intensive businesses. Revenue does not equal profit, and as we have seen recently it more likely means loss. I dread them winning more scraps of shipbuilding business which will require them to raise more capital and incur losses until such time as they reach serious scale (imo never). The management saying they ‘expect’ breakeven on an ‘ongoing basis’ by year end is empty guff. The company looks screw&d. I think there’s a battle looming where Wood and co will extract as much cash as they can for themselves, probably award themselves a lot of options at the new price (ie reward themselves for the SP fall), and quite possibly take the business private for themselves and others (not you and me) taking the valuable assets such as ML and a few bits of yard land at knock-down prices, and trash-canning the rest. If this happens, there will have to be an attempt at some shareholder action but AIM is somewhat rigged in favour of the company execs.
Ha!!
Morning All,
Hopefully not as much as a car crash here today.
Note that JW hasn't posted anything on LinkedIn for a week, nor has H&W and I Fa's account now 2 weeks. Radio silence whilst the SP is obliterated isn't good enough.
BOD need to show their worth pronto or time for a major shake up. If we needed to do a raise now (one possibility for the SP), at these levels it'd be terrible, especially on the back of the current SP against the last placing. It would need to be under 10p to get enough interest!!!
Let's see if killik keep increasing.
Last one out, turn out the lights.
Personally i would wzit until the close of 2021 to see if the £30m revenue target and the cash flow break even is met...alongside seeing what of the pipeline " in advanced discussions" comes through..
A small % of the company shares are traded each day and today a lot of AIM was hit ....the market has to remain liquid so a low price is offered to sellers in order to bring them buyer...on a day when buyers dont have to chase the price....
July and August may not see much devision making and volumes may drop..causing volatility....
Some will have sold and be ready to come back in September.....
I sold my small holding for 22p at a loss...bad timing...but will keep in tune with when to relook in....
There is a lot of potential but all these contracts take time ...and the market plays to find its own gains in the meantime
...
So when companies like BP are around 300p, Vodafone are 117p, why would you stick any more into JW's pocket?
The money i put into this company was a punt, and whilst i'm about 55% down, i'll leave the money here, on the premise that Poots isn't stupid enough to let INFA go out of business by failing to allow them to build some caverns that no one will see, and allowing some salt to be pumped into the sea. (really is a special kind of NIMBY over there in NI)
That youtube video below showed the ignorance and stupidity of the NI politicians who are of the breed that are 100% taken in by the global warming scam and were seemingly against this project. This ilk are almost stupid enough to believe they can keep the standard of living they believe they deserve by harnessing the wind that unicorns make when flapping their wings.
Pity i stuck several grand into INFA and into Northern Ireland as i'd have had more to put in Gazprom and Russia, such is my faith in an imminent change to "green energy".
I have just checked the Belfast Harbour website and the Panorama will be shifting from VT2 to BDD on the 17 July and then shifting back to VT2 on the 19 July. Looks like a quick inspection?
I cant use word "investing" then it comes to co like Infrastrata. More like a punt trade here. So ...
Hi Ed1Mil - I am currently broke no more money behind the sofa but if I did have some spare cash I would be investing a similar amount or more in order to average down but not today.
Well stuck £500 worth in my isa at 19p. Was it worth a risk? Idk though time will show I guess. Gla
Hi Folks - I have had no reply from my e-mail relating to the ML which is the first time no reply by now which says it all.Concerning the SP JW is clearly under a lot of pressure from the principle investors unless he can tell them things he is not telling us.The recent SP history is typical of a company being seriously shorted either way it is a sitting duck for a take over however I am hoping for a positive RNS this month otherwise the SP will sink even further.I am now saying Hold.
To add, prior to my visit and stay at the Titanic Hotel, I hadn't realised how many times H&W had already gone bust and had needed bailing out; this in pre-globalised times.
So what's the secret Turkeys' sauce that will see these yards soar to profitability in the 2020s?
I held INFA shares between 2017 and 2020, until I realised that instead of an exciting gas storage project in early stages of construction I'm owning a bankrupt shipyard. A late realisation, I know, but better late then never. Managed to get out with the initial capital almsot intact but I've been keeping an eye on the company since then. Looking from the outside, the last two years, at the very least, have been a bloody disaster, with the company struggling for direction and treating retail investors with utter contempt. I can't possibly imagine how BoD can still be in their positions after this level of performance. I hope things turn around for you guys and that you'll enjoy the gains we all hoped for back in the day.
Just a bit too much Scotch mist in this company for my liking and from a look at the SP it seems an awful lot agree with me
I’d happily take 40p right now from someone that can fund the company and get the yards operational
If these "strategic acquisitions" are as wonderful as you claim and were bought as such good prices, then the share price would be considerably higher than it is.
As has been pointed out, with no work in them these "strategic acquisitions" are liabilities.
I thought some time ago that this dreadful totalitarian govt would have managed to get the infrastructure spending off the ground, and companies like INFA would have been making out like bandits .... but the reality is all this govt with its Oxbridge PPE politicians can do, is inflate the property bubble with ever lower interest rates, and more printed money to claim the economy is tickityboo!
What a bloody stupid post nobby, who do you think it was that pulled the rabbit out of the hat with all these strategic acquisitions? Not least of all in the face of global competition for H&W. It was JW and the team.
Reminder they've said they expect cash break-even within a year and as they tend to deliver on what they say - I believe it.
I have been in Belfast since Saturday. I know that the last was a holiday weekend, however a profitable shipyard is not a 9-5, Monday to Friday, operation.
Regardless, H&W is like a graveyard; no crane activity, no machinery movements, not a soul to be seen, even today. Azura is sitting there, looking lonely. Surely a 3 month stay of a vessel of her class would warrant some kind of news? Perhaps she has been offered 3 months' free parking, so that P&O can iron the table-cloths whilst shareholders get excited at her sheer mahoosiveness and the BoD plays extend-and-pretend...
H&W was a vanity project for Mr Wood, but at least their was some theory in buying it.
Seems Appledore was bought so Mr Wood could have another picture taken with Princess Nutnuts gimp
A 10% drop in one day would normally see a auction call. With the next instalment on the purchase price for Appledore due next month with the share price this low it will need about 1.5m shares to make the share element. If the share price recovers after that it will give the vendors a nice profit. Always ask who benefits.
Picked up another 105k shares at 19p. I maybe mad but I would definitely say we're in the value zone at this price
Indeed it is.
They are overextended and under financed.
The overall strategy still makes sense but it cannot be delivered by the existing management. They have had time to prove themselves.
I believe the company only has a future as a private entity.
Let’s see