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My real bug bear with this is the huge seller(s) over last two months, even when good news was released. It smacks of building a large short position into this issue. I guess I should not be surprised. The extent of the selling was such that this issue will fly. I don't want to be seen as sticking my head I the sand, ignoring the deplorable abuse by management considering remuneration but this issue was always on the cards when so few ships were docking for bread and butter cash flow work. We only have ourselves to blame in viewing through rose tinted glasses. Once out of the way, I believe the supply demand curve will alter dramatically, for a time at least, with a move back to 38p. If the LOI fails or ML not granted or worse still, both...by July this thing could go bust.
try not to panic, you sound like a weak holder Avyererdowt, as you keep bringing up fools that I've filtered in the past so as to not have to bother seeing their stupid posts - blairpeach and whatamess specifically. It's also wrong to say their critics have been quiet - I and the other LTHs here aren't quiet, we just don't feel the need to screech about the RNS. We're comfortable in our investments and given that the company has a multi billion quid pipeline of work on the way, the ML is due, and they expect to be cash break-even by the end of this year, I don't see what the concern is.
The fundamentals have not changed here, and the fact they brought in another freshly created fake account to post rubbish about the company this morning, suggests they're getting desperate.
My other big holding is a SA company where the workers have gone on non-union approved strikes twice in 2 years, where the officials are corrupt and there has been a massive institutional seller offloading shares suppressing the price for over 2 years. So yes, avyererdowt, INFA is like a walk in the park compared to that. UK company with good management, smart acquisitions, a large pipeline of tendering, some of which we will win, maiden revenues made and cash break-even on the way, ML on the way, what's not to like? Do you really think that's existence on a "Knife edge"? A company which is expecting to break even this year?
I took part in the last placing, and I suspect I might take up a small amount once again. JW has pulled a rabbit out of the hat more than once with his highly successful moves in competitive bids for these assets. We took over H&W, the engineering firm that built the titanic, in the face of significant global competition from other bidders, which has diversified us from just a salt cavern that has yet to be built, into a big player in the UK shipbuilding industry which we expect to be bolstered due to brexit.
How anyone can be more upset than pleased, I don't know. Yes it's true that nobody likes placings, but we are not a mining exploration company which does a placing every year, they will end at a point.
I guess participating in the 1 for 6 is a way of averaging down. In the absence of the ML this is becoming a highly risky investment. I guess I am prepared to continue to support, but losing confidence in JW. If the enterprise ultimately fails would we get anything back from sale of the assets? I recall someone saying the Appledore could be sold for housing development!
I'm invested here for two reasons. Firstly, to be part of the post-Brexit success story of our island nation. Secondly, to make some money. I see INFA as a slow burner as the task in hand is complex, but I expect the company to burn brightly in a few years from now.
GLA
he's not a good guesser and probably didn't know anything. The trolls who go so far as to say "this company will be bust within months" are always proven laughably wrong, both here and on every other share I've invested in - so they stick with making predictions that seem plausible, such as "ooo there's a placing coming!". Which is why they arranged for a fresh account with only 8 posts to make such a prediction - they don't want to risk losing credibility on the accounts they've been posting on for long periods of time.
Which to be honest isn't hard to do when you have a company that you know has only just started generating revenue
As a result I’m 16k worse off than I was at the end of last week
I know what it's like to be 20K and 30K down. If you believe in the company just hold and maybe put it in the bottom drawer. I will be keenly watching however. I presume we are all fundamental investors and not just traders - usually when the price goes down, the traders don't know what to do because they never really had a real reason to invest, whilst the fundamental investors hold strong until the market realises the company's true value.
More good news is on the way, if you don't desperately need to pull your cash out of the market just hold tight.
Not at all surprised by todays placing. Purchasing equipment, setting up costs and investment in personnel required to be able to handle fabrication and shipbuilding contracts potentially in the hundreds of millions need upfront expenditure and cash on the balance sheet.
Last accounts showed just shy of £4M which for the likely contracts they are competing for was never going to be enough.
If one or two meaty contracts come to fruition now because of this then this placing will soon be forgotten about. Expecting firm news on the ML decision this month too.
Bought a small amount today at 31.2p
In late August they have the next tranche of the Appledore acquisition to pay for ..these things you have to prepare for, outside of business running costs
" A total of £1.50 million consisting of cash of £1.20 million and Ordinary Shares in the Company equivalent to £300,000 "