Firering Strategic Minerals: From explorer to producer. Watch the video here.
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4th time I have been tapped in a Placing here. All four leaked. On such a loss it was not worth selling.
Placing guess = 0.25p
Am I right to assume the Placees have already been nominated/chosen/agreed as other times??
I.e. we are not going to be directly tapped as in Rights Issue. Placees already agreed , done and dusted by close of play Friday?
That’s how they did it before.
I am expecting a drop to at least 0.3p
Now I don’t know if I’m being overly negative re. price but have been stung 3 times before already. Sensible analyses welcome. Unhappy bunny on (humungous) loss...like all (?) others I assume.
Hi crl123 - It was my 70th yesterday & I was hoping for a RNS present on Monday hopefully we will not have a car crash however if INFA succeeds in joining all the dots we may well all be getting a good Christmas present instead.I am showing Strong Buy but only if after Monday's RNS it is good news.
JW still bullish on FID by end of the year, which is really a matter of holding firm for a few weeks and not panicking. If he gets that over the line it will be a brilliant achievement and worth the wait.
I think this is very good news. The conditional agreement is a huge milestone and shows clear intent of the BoD to get things moving and generating cash as quickly as possible.
I agree CRL123, I am hoping we get to participate too. I am under water as well but if we can and average down, I firmly believe that the share price will bounce back.
When I look at Infa's balance sheet they have a lot of intangible assets, but with Harland, they have real assets and tangible assets. Leveraging those assets is so much easier.
Ultimately, this is a multi purpose fabrication facility that can accommodate a wide range of projects. It plays perfectly into the long term strategy that was put in place by JW at the AGM this year.
Fantastic opportunity and one to watch!
Spot on,Drodders ..in all respects .I hope you don't mind your new Infa Name..If you were Roderick ,you would be Rodders.You could I suppose team up with your mate,Spud,and bring along your rod !
Anyhow to the point..H&W is a true bargain ( I had better not say snip!?) It is worthy of immense acclaim that the BOD have secured this one in the bag. I am not sure what the competition was but there must have been other bidders for this gem.The yard is fully functional, the last wind blade having left only two months ago.Orders and potential orders abound. We need to generate cash asap with our new found tangible asset,so tomorrow and the next two weeks are going to be exciting for most but perhaps unsettling for some prone to seasickness ... the Placement will confirm the vision in that the BOD want to grow baby Infa to a 50M youngster in 12-18 months.I never have been privy to any placement news prior to announcements including this one but remember that the N.I. Executive and the Gov. ( in so far there is one ?) would never have allowed us on board if they though we would fail .Any competition for the yard would have been from large corporations or institutions possibly? We beat them off !!!
So see what comes along, hold on to the mainspar and back the BOD at this crucial time .Drodders' last remarks are just so correct...and IM is still on course ..just !!
What this company needs is institutional support. The fact that it is 100% retail held allows MMs to ramp up and down everyday. A set of long term institutional investors that provide stability and a set of retail that bring in the liquidity is the ideal scenario
Spot on ..again ..watch this space !!
Cheers Dawski,
I don't mind Drodders at all. It addresses two in one!
Dawski - there was one other bidder, MJM group - they are fit out specialists and everyone thought they were the right buyer. They however valued H&W at £1m (it is well publicised in the press) and when they pulled out INFA stepped in at £6m.
They were possibly under-valuing what is a significantly strategic asset for NI, the UK and Europe.
These negotiations are highly sensitive and confidential so I would not be surprised if there were other bidders. To be fair, even we didn't have a clue about this till the news broke on 01 October. It goes to show it would have been a very confidential series of discussions.
JR a quick google search shows the unions didnt want them to take it over as they were asset strippers with a short term interest who'd have laid many off.
https://www.newsletter.co.uk/business/harland-wolff-workers-fear-sun-may-set-on-shipyard-for-last-time-1-9022058
What puzzles me is the SP went down early doors on friday yet deal not signed till friday night, Certainly exciting times, I will check the RNS tomorrow then leave it alone for a couple of weeks (if I can),
Word has it that H&W has a fantastic future,slightly a little tarnished if Corbyn & Co get in and mess up with the adventurous planned naval spend but not fatally so ......and,yes, there were other bidders,I understand ,from far bigger organisations than us ..both in for the short term naval temptations with no long term plan at all for the workers and apprentices ..that is where JW & Co scored a blinder.....they had vision and backed it up !!! Stay focussed for next 10 days or so.
10 days? Jeeze, this company never fails to throw a curve ball at every stage over the last seven years.
Now we are Naval gazing.
Whatever. Get it done and move on.
From past experince, we will get shafted and we will get dilluted.
Same as it ever was...
Bite the pillow, I'm coming in dry.
Bring it on...
Next time trust the TA.
Will from now on.
It's a very sensible move given the backgrounds of our current management team. The combination of running these kinds of facilities and sound commercial knowledge of monetising these complex transactions is what the team can deliver. If this transaction has the capability of generating early revenues, which it has, there is no reason not to back the team to the hilt. Investing in AIM companies carries its associated risks but there are hidden gems within the plethora of companies around. I firmly believe Infa is one such. The medium to long term business case now looks even better.
Droderik - let’s wait to see what the structure is and see what revenues will flow to INFA in this venture. I have often found in these ventures, if successful, the JVs are structured with high leverage and high hurdle rates to prevent income flowing to the topco and the passive listed shareholders. I don’t want to be negative but the way shareholders are treated in this company is nothing short of disgraceful and the fact that insiders get out before the faithful small shareholders is simply not right. These late sells should be investigated ..
JR- Enough is enough " I don't want to sound negative" you say with the sensarity of a serial killer, Just move on pal, Your words are basically tripe. I in know way feel let down by the current bod (I was not in during the Portland days, I joined when JW did)It seems to me you think the BOD should be sitting behind there laptop giving an explanation to every sp move daily, I think if you spoke to JW he wuld be as bemused at the current SP as anyone else, but things Change!
At a consolidated level, everything flows back to the parent company which is the PLC.
MItch- OEX- I will be posting on your board soon (this week)-KARMA!