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.
iF FID GETS PASSED IN DEC that would make my xmas nicer and everyones . Happy how i will trade this with my 50 per long and other half for trades . I dont want to jump the gun but i got a feeling its in the bag year end . .50 to 5p coming
I see almost everyone is in a self-congratulatory mode this weekend for the multi-bags that are to unfold here in short order.
Life is rarely so simple, I'm afraid, especially when a consensus of posters says so.
These CLNs may give you a great opportunity to get back in O&W.
Maybe got a month or so depending on quality of newsflow.....
Hi spud.
Look, it's like this.
I really like the potential business model of Infa, the strategic importance of IM, the astute acquisition of the H&W assets as a going concern, and the technical sp set-up.
But.....
I really have a distaste for the tripling in shares o/s since January 18 2018, from 500mn to the present 1500mn, during which time the sp has peaked on a closing basis at 1.5p back then, down to 0.5p now. So, effectively, for all the hard work and preparation that JW has undertaken, INFA has NOT budged at all in valuation by the market. To get back to that lofty sp of 1.5p, INFA needs to justify a MC of £22mn.
Why the static valuation?
My view. Delays, delays, delays. Disappointing the market over several key issues: Chairmanship (why is it so hard, really, to attract the right calibre person, if INFA offers industry kudos to the right person, if IM works?); N FEED reimbursement by the EU yet (over 18 months overdue from initial expectations); No industry partner coming up with the necessary funds to solve the financing dilemma for a microcap AIM company (was on the verge of a deal back in Feb 2018, but nothing ever transpired. Why not?);
The latest Sword of Damocles hanging over INFA is clearly the 125mn or thereabouts of equity to be sold into the market just to repay the initial £0.5mn loan to buy H&W. That's another 7% of equity, to be followed by more equity-for-loans if the partner(s) don't come through.
Yes, there will be an almighty short-term sp rally on a long term industry partner funding rns.
Yes, there will be a good rally on permit approval after the Q4 hearings. Taken as a given that it will be a go-ahead decision. If not, watch out below.
So you see, it's not a slam dunk investment just yet. Hasn't been since Jan 2018, when a few stalwarts jumped ship and took good profits. It needs more than a PR exercise in a Belfast shipyard, or a Chairman appointment rns. It needs a clear strategy mapped out with a well-funded partner, to staunch the flow of greedy short term loan sharks, and their subsequent equity dumps whilst getting fat margins in the process. Needs must, and all that, but I loath and detest these bloodsuckers.
Sorry for the rant. I wish all genuine LTHs the very best here. Especially you two, Spud and Snowman100.
Yep fair post O&W
Let's see how it plays out.....
Europe is heading for disaster and they do not see it coming.
2008 will just be a blip compared to the biggest crash soon.
Enjoy what you have now otherwise lose the lot.
Prophet Nazareme, has a ring to it
Older
Yes fair post pretty much summing up where we are. However do you mean Jan 2019 not Jan 2018 as the shares outstanding Jan 2019 were circa 1.25M and the sp peaked around 1.5p? Therefore the shares in issue have not tripled since that occasion?
Also a valuation of 22M is not outlandish, in fact I could argue we should be around that price already, in fact if certain aspects had been achieved I'm pretty sure it would be?
As you rightly say though, delays, delays, the one word that will instantly crash the so of an AIM company.
Agreed not a slam dunk investment yet, on the other hand if you can show me one of those to invest in I will gladly take your advice lol?
Still a good investment prospect though which could return decent gins over the upcoming months, plenty of newsflow to come and if all the duck line up, well who knows where this could end up?
Mr T
Great post Mr T.
You asked for a slam dunker?
UJO best be quick though.