The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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43 million today, lets see if we get any delayed trades.
hopefully setting a new trading range around the .7 mark
Another 1.5% of the company traded so far today. Good volume! It should continue its climb to 1p.
Ensure you Keep some of these gents. Believe in Vin Murria
Just wish I'd heeded your advice and bought a few more than I did... Still, a profit is a profit
Like another good day here guys
https://twitter.com/TheNightRider9/status/1023494126304669696?s=09 https://t.co/1hX4wfiFaz Oireachtas Joint and Select Committees Tuesday, 10 July 2018 #Infa Mr. Denis O'Sullivan: What we are dealing with is the reality that Ireland will need a natural gas supply for the foreseeable future, out to 2050 and beyond according to all of the research I have seen. To do this in the most secure way possible and to ensure we maintain the level of security of supply we have had previously, we would argue we should have more than one supply source or point. In this regard, we see that a follow-on indigenous supply from the Corrib would be an important part of it. In terms of liquified natural gas, I accept the 80% figure. However, this is a practical argument. The more sources of gas we have coming to the network, the more we can be confident in securing the supply of gas to our customers. If the Bill were to be passed, once the Corrib field is depleted we would be 100% dependent on the interconnector. We argue that being solely dependent on the interconnector for our gas supply is not the most secure way.
https://twitter.com/TheNightRider9/status/1023486282020868099?s=09 Based on the additional capacity requirements for distribution, storage and gas fired power plants (2024-2029) #infa will need to be built without doubt to facilitate this https://t.co/jYNfslFFh1 https://twitter.com/TheNightRider9/status/1023487843073761280?s=09 Still £570M left in the pot of £1B initially allocated to the N.I govt as a result of the agreement between the Tories and DUP back in June 2017 - #infa https://t.co/gLodPLkxKh https://twitter.com/TheNightRider9/status/1023490488236683264?s=09 With a proven track record of capital raising in infrastructure projects the appointment of a CBRE adviser last month puts #infa in a very strong position to move seamlessly from the FEED to construction as hinted by recent RNS https://t.co/jyf87hulTv
https://twitter.com/TheNightRider9/status/1023133733875011585?s=09 ........................................... Another key infrastructure project here in N.I is #infa - set to deliver flexibility & security of supply to gas network & become the only gas storage facility on the island. Will meet increase in demand & be just in time for when this new gas fired power station comes online https://t.co/VylFdItzq2
https://inews.co.uk/news/brexit/analysis-what-would-a-no-deal-brexit-mean-for-northern-ireland .............. some key points...................................... Huge implications for agriculture, security - and keeping the lights on. Those closely observing what is going on to prepare for a such an eventuality distinguish between a pure no deal scenario and a ‘no deal plus’ situation whereby certain emergency agreements are struck in critical areas to ensure continuity of power supplies, hospital arrangements and other life-and-death scenarios. The expectation in Northern Ireland is that even in the event of the UK not agreeing a deal with the EU there will at least be some such hastily-agreed arrangements to prevent what would otherwise be an ominous situation not just for Northern Ireland, but for the Republic of Ireland as well. When asked about the possibility of a no deal situation and how it would impact Northern Ireland, one senior figure involved in the Brexit process told i: “There is good reason to be very concerned about this.” A Government contingency paper leaked to the Financial Times a fortnight ago presented an apocalyptic outcome where the lights could go out in Northern Ireland if the all-island power network is halted by a no-deal Brexit. It suggested that if the UK was no longer a member of the EU-wide electricity market there could be a thousands of electricity generators requisitioned and put on coastal barges.
Certainly am Dawski - if an RNS lands Mon to confirm those two 8M buys on Fri are director buys then we're off! No stopping the SS Infa now...full steam ahead.
Hi Folks--are you all ready for action at the start of a new week ?..be assured that after this week,next week is likely to be even better...especially when you read and digest all the very informed posts here by Mcadder, Spud and the like..... ..Dawski37 told you so .!!
https://utilityweek.co.uk/centrica-to-close-rough-gas-storage-facility/
Permanently shut
Thanks Mcadder, I was rather hoping that might be the case which assuming you are correct rules out Rough.
The other issue too is even if Rough was refurbished if lucky they would get another 20yrs operational life out of it wheras the projected lifespan of Infa has been revised from 20yrs to 40yrs plus - similar to that of Hornsea which was built in 1979 and nearly at the end of it's life.
I agree re Spuds post too - and no doubt in my mind construction of Infa could start as early as Q2 2019
Simple jfk9 - Rough would cost circa £1.2B just to refurb wheras Infa being MRS could be developed from scratch and have a brand new facility that is far more responsive to meeting demand and be able to supply 25% of UK's gas storage needs for just £300M. MRS sites are the way forward Rough has not only outlived it's natural life but it's usefulness too. Even though Infa sizewise is only 1/6th the size of Rough it's potentially much more profitable than long range facilities. I would argue that even if Rough remained operational the need for Infa would still have been there due to it's unique location and there being no storage in Ireland. Even when Infa is built there will still be a shortage of storage in the UK. It was never the case of one or the other but Infa would clearly provide much more value for money and be of more use as an operational facility.
I believe the whole integrity of the well is an issue with Rough, also an off shore facility operating costs will be many times that of an onshore facility.
Medium range storage (MRS) is also much more flexible, faster injection and withdrawal rates, allowing for several cycles a year. Which means more income.
As stated by infa, islandmagee could be the most profitable gas storage facility in the UK
Rough closure was down to end of shelf life, it had operated for 32 years and it was no longer safe and economical to operate without complete refurbishment....
This simply shows the challenges INfA has overcome to get this far in its journey and the importance of the islandmagee site
https://www.ft.com/content/564a1ec0-8288-11e7-a4ce-15b2513cb3ff
Drums beat louder for gas security inquiry
https://theenergyst.com/drums-beat-louder-gas-security-inquiry
One thing that puzzles me is the closure of Rough which I guess is now being run down. As there appears to be such a compelling case for and shortage of gas storage I would have thought a major reappraisal there would be on the cards to overcome safety concerns and keep Rough operational. It may be the case that ongoing viability is not feasible regardless of cost, anybody know the answer?
agree mcadder. Funding news should rerate this to muliples. Market is now taking notice. It certainly has my full attention and even though I've bagged already on paper, I will be adding.
Eyeguy - lots of good things to talk about and I think 1.5p is pretty much nailed on here - volumes this week are good sign of confidence with investor's in this project and I certainly expect this to continue. As for those large 8M trades yesterday which were definitely buys would be nice to see on Mon if they are linked to further director buys? Interesting times....
http://uk.businessinsider.com/ap-france-spain-and-portugal-eye-gas-as-they-diversify-energy-2018-7 ............................ LISBON, Portugal (AP) — The leaders of France, Spain and Portugal say they are moving ahead with plans to diversify their energy sources, which could mean more imports of liquefied natural gas from the United States. The leaders said after a three-way energy summit Friday it is "essential" to build infrastructures enabling them to import, store and transport natural gas, including through new pipelines described as "key."
John Wood is COO - executive director, full time employed not a non-Executive director.
good posts guys. I notice volume is arriving in terms of number of daily trades and also value of the trades too. That bodes well particularly as the mcap is so small.
I can see a continuance of the upward trend towards the 1.5p mark next month. Based on how far they have come I'm not sure how anyone can argue that the market cap should be half of what they have spent on the project. Market is catching on and I'm pretty sure we will all be rewarded here. No dilutive funding announcement or any sniff of that and I suspect 3p will be hit. We will see. Future event and all that. gl