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I like the cut of Barry's jib!
Are we going to get a decision on the ML soon. The reason I ask is that I have just seen this on the INFA Twitter account. https://twitter.com/InfraStrata_Plc/status/1403360442148347905. I wonder why they are promoting the benefits of IslandMagee now what has changed.
Anyone worked out how many days salary those director buys cost?.......
spud,
Indeed. What on earth do they expect the market reaction to be to those embarrassing buys? What were they thinking?
Having come out of the close(t), they do appear to have short arms, deep pockets
As it's clear you are reading sentiment and the posts here, appreciate the stop gap and looking forward to something more concrete boys
You honestly want me to post an argument to Karen01 post Stokey?
You will definitely not like what I have to say!
Love the massive director buys , that will definitely get the sp marked up on open Monday!!!
spudtheplumber In relation to your 17.35 post when a poster plays the man and not the ball as you did in your post it indicates that they do not have any real argument to what is being said. If you had you would have put them forward.
Positive posts Karen - INFA is very frustrating an investment & I guess we are all under water but I believe the good ship INFA will finally sail. In addition we do have the new contract 'The contract value is circa £26million, is binding and contains contractual conditions and obligations on both parties, which are standard in contracts of this type. The contract schedule shall commence from 1 July 2021. ' so I believe there is still all to play for.With regards the ML I had expected resolution by the end of the 2nd Qtr but now expect by end of July. PS Now looking forward to the football this weekend time for a drink.Regards to all long term investors.
They are trolling us with those buy quantities! It's not as if either of them is short of (our) cash, after all...
I see the Directors have bought a few more just after me.
:-)
I have to admit i do enjoy reading the posts In here nearly as much as researching the company
Good post Karen01 Have a good weekend all OT
The share chat has changed here from fairly civilised to less so....................not surprised looking at the SP/MKT CAP charts, i also am concerned and beginning to think that this could be just another 1 of those many AIM flops, moving on to your post Karen I would much prefer many smaller contracts than 1 large 1 as you have more scope for repeat business presuming that the contracts were from numerous companies, point 5 of your post, i think you will find that contract was already there and not a new 1 negotiated by INFA, I will still hold for now but it is difficult, enjoy weekend all, Roly.
Karen01 In relation to your 16.49 post I agree with you that this is not the time to change strategy as there are external factors which support the proposition that things should turn within the next 12 months. That being the case to change strategy would like cause a greater loss to shareholder value than to keep with the current strategy. I am reinforced in this view by the most recent brokers note from the inhouse brokers. That said the current BoD are failing to deliver either capital growth or income growth. The BoD needs to deliver one or the other in short order.
Thats ok Arum has bought 2 grands worth, tells me he isn't too confident!
Its interesting reading Nobby's rant and rave over the past few weeks, clearly trying to deramp the share and at the same time making others think twice about coming in, what are his motives ?, scorned lover perhaps as he didn't get the NED position he was after ? The institutions that will know far than more than he does recently had the confidence to invest a further lump into the company. The names investing don't do that for nothing, from the research i've done a few observations on some of the information being peddled from a different perspective.
1. The bod refused to let Gresham put another NED or chair on the board as the other institutions didn't want that to happen, lets not forget Malcolm Grot is a Gresham House man look at his other NED position. Why would the other ii's want Gresham to control their investment ?
2. The bod have written a strategy and are implementing it , JW has done it before and it worked - I heard Gresham checked his performance in Australia out as part of their DD before they invested, whilst pathetically slow i have confidence it will work given time - sure the pandemic hasn't helped but its no excuse. We do need more orders i think the bod will know that also.
3. If, as it look's like Triumph who have never built or owned a ship before don't have the money and JW has been tipped the nod of this by banks why waste company money chasing it. For me its sensible not to waste money on it especially if Triumph have unrealistic expectations on price - why pick up a loss making contract. This will have to come out before the end of this month and clarity on what the position is.
4. With how upset we all are over the last raise how do INFA even raise a performance bond for Triumph if they managed to find the cash, from the presentations I thought that was the reason behind Navantia so they didn't need to.
5. Would we all have been happier with 26 announcements of £1m contract rather than one big one, this time last year we were winning £300K contracts. To be honest im not sure how they pulled off a deal nearly as large as the market cap of the company.
6. The bonus payments were terrible and the chairman should not have allowed that to happen, not sure why he is still in the company.
7. The marine license, i'm sure I read someplace that Nobby was part of the last project team, had they done the job right the first time the current board wouldn't have had to clear up the mess as JW put it. Like it or not this is not even in their control anymore, how long before a decision ?, who knows
8. What is AR actually doing ? why there is no large scale debt in the company it's a bit strange, as they have often spoken about it, that would reassure me that another raise is not around the corner.
Looks like there are lots of hidden agendas being played out on this chat board, time will tell how it ends, one thing is for sure if the board walk away so will the clients.........
Likely knocking one out; obsessing over the ladies of the team. Dinosaur.
Yes indeed Tango1
One thing I would say is this company is already capable of being acquired as cheap as chips for an established shipbuilder and/or windfarm developer who may be short of yard capacity and doesn’t want to give up margin
Nobby31- "thick and fast" I would be happy with "slow but steady" not the feast and famine we have now.
You are correct about Triumph. It’s a dead duck now.
A real missed opportunity that a more focused and experienced Board would not have overlooked.
Expect to hear some excuses about why it didn’t work at some point in the near future. Sadly it was too much too soon for them to commit to and they simply aren’t competitive yet. Looking at smaller jobs is fine but they need to come thick and fast and that’s not happening
Triumph-subsea.com/news
We've broken multiple support levels in the past year and with a steady stream of decent sized sales this will be below 20p soon without news of a large contract - on that note, I take it the Triumph Subsea Services announcement last year was just all smoke and mirrors? We've not heard a peep about it since.
We'll be getting back towards consolidation territory again at this rate. I think it's time for JW and his unnecessarily large bonuses to leave the company.
this is fast becoming a pipe dream folks.
now 15% down on the 30p placing price and that was at a disastrous level. The market has no faith in the Board over their performance and we need a knight in shining armour to come to our rescue.
I expect the reason the TR1s never listed is because they are already selling and cutting their losses
RazorShultz In relation to your 09.40 post I note that the RNS says that they expect breakeven this calendar year. However, I also note that the inhouse broker in their last note is looking at breakeven next year. Having read the brokers note and the calculations on which they base their opinion that breakeven will be next year I am of the view that it is 50/50 whether breakeven this year.