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In all reality, the FFS contract can only go to one of the two applicants given the lack of shipbuilding capability, by the others, in the UK. With that in mind, it would appear reasonable for an element of cautious optimism to be displayed in the valuations of the companies in pole position. Given INFA is a minnow (in share capital terms) with every chance of a major share financially should they win, the impact on EPS would be staggering with far more importance on its ability to survive and thrive. So i ask myself why the share price continues un-impressed languishing near all time low. Nearly all the trades showing as sales the last week were indeed purchase, I should know, I was involved. The MMs must still have a client willing to continue the downward pressure. This, in my experience, smacks of a party wanting the shares to weaken, this is not the act of a seller trying to get as much as he can for his holding. The current prices has zero premium for any of the avenues the company is currently exploring. Happy to keep fully invested. Will grudgingly accept if the company falls into administration because we all know the risks.
Could it be that our main competitor for this contract is keeping the sell pressure on with the shares they have been given as part payment of Appledore. One way to take out the competition.
Si_Derman ref 09.44 post I would advise you to check who the sellers were for Appledore as it may not be who you think.
Lottie123 ref 09.38 post What might throw a spanner in the works is if within the next two months INFA wins the tender to build the new flagship which I believe they are still in the running for.
I did wonder, tbh, Stokey. But I was going by what was said elsewhere, some time ago now and that they were the previous owners of the yard. I stand corrected, if not as I thought. Thanks.
Thanks Stokey I didn’t know it was Langham industries that sold Appledore feel a lot happier it wasn’t Bab****
https://www.egi.co.uk/news/appledore-shipyard-gets-new-lease-of-life/
Storey...re your flagship comment...ohhh to have such problems. Hopefully, Appledore would be suitable anyway. If they did win it, huge accolade and would make many detractors eat their words. Time will tell
Whilst I am now fully invested, if the recent high of 20p is closed above, I will sell my body for a few nights and add to my holding with the proceeds. Might get me a couple of thousand shares hehe