George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video 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.
A really positive RNS and yet the share price takes a nosedive.
I was not expecting that!
BTB
Jabido - I received my e-mail from Vox this morning so I had the link to listen to JW.It is quite clear to me that the next few weeks/months may be pivotal for H&W Group.It seems quite clear to me that we will have a decision on IM this month & potential contract news in other areas as well after that.I just hope we do now have delivery on all fronts at which point we would see a game change in the SP.
https://www.offshorewind.biz/2021/09/15/uk-spanish-foundation-manufacturers-to-jointly-pursue-new-offshore-wind-projects/
Sorry if this is posted already
https://www.**********.co.uk/articles/john-wood-of-harland-wolff-infrastrata-mou-with-navantia-and-windar-renovables-be85514/
10 mins in...ML decision due any day! I'd interpret that extremely loosely given its the ML and the decision makers ability to never ever make a decision
LSE, great link tells you something about their plans ,a base at Devon for technology for others to learn from ,others like H&W Appledore for starter's imho
Stokey lol,something to say about in the budget :):)
JW had a early meeting with a very suspicious character I think warm words was on the agenda https://www.linkedin.com/posts/activity-6843824479454404608-hBVl The text of the post was.
Breakfast at number 10, good to talk to the PM about shipbuilding and fabrication in the UK. Fantastic to hear that he’s been following our progress and congratulated the H&W team for getting our apprenticeship program moving.
No worries avyer, not had much to contribute over the past month or so but I thought I could help there at least. Hope everyone is well and thanks to all for the continued posts. Gla
Agree tree shake imho
Today's morning video is from Mark Lawther https://www.linkedin.com/posts/harlandwolffplc_dsei2021-activity-6843809118608859137-f3sh What I found interesting is that they had 30 meetings yesterday they should be able to convert some of those into orders. The text of the post is
It’s day two at DSEI and Mark Lawther gives us the highlights on yesterday and invites you all to come to our stand to find out how we are large ship and QEC ready
Si .. please don’t remind me of the Sapiem contract day .. only around 25p left to wipe that memory :)
Kind of comfirms to old adage of not trading in the first hour. Glad I stuck to it this time, unlike the Sapiem contract day. :)
I suspect that any shorting of INFA is as a pairs trade eg the type of trading by hedge funds. Therefore, the decision to open or close their INFA position might not be influenced by how INFA SP performs but how the paired long position performs. Of course, we have no firm evidence of shorting but I feel quite confident that such position or positions exist. This morning, a seller was quick out if the blocks to snuff out any positive interpretation of the MoU. This is obvious someone who does not want the stock to lose its negative bias. Time will tell but should anything concrete come the week long exhibition, in the form of revenue generative contract(s), the price will jump no matter what bears try.
Sharing of your trading knowledge is very much appreciated Lottie, particularly at a time like this when volumes are at the increased levels they're at.
Can I ask your thoughts on the suspected shorting that may have been occuring while the stock was coming down to its lows ? With hindsight, do you feel this has been dramatically shorted and if so what might those shorters future actions possibly be and the impact of these ?
Obviously it would be speculation but in your experience do the very large shorters buy back in slowly or do you tend to get several big hits of buys from them to recover their position ?
JW's view on this news sounds like INFA did not bid as they suspected that the order would go abroad. https://www.linkedin.com/posts/activity-6843625732443279360-eb3E The text is
Interesting take from Scotland considering they have just announced that no UK Shipyard will get the opportunity to build the two new government funded Islay ferries! Good job we assumed this would be the case #Calmal #calmac #shipbuilding #NSBS
I note that there was a comment suggesting that INFA takes over Ferguson Marine. Note the response from that troublemaker.
Loving the pullback to just above 20p. This is a classic breakout move. I fully expect this to be todays low with a close higher confirming the recent move. Stay strong.
It is clear that one of Europe's biggest players in combined shipbuild/wind, is eyeing the UK as a significant driver of growth in both aspects of their business. For them to share in this bounty, ideally they would buy INFA. After all, at the current value, I am sure they could find down the back of a sofa. However, the UK has made it quite clear that UK owned companies should be at the heart of future investment. This makes taking a stake build/bidding for, a poisonous move. The next best move is to partner with a company that is a) capable of winning contracts b) weak enough to need a partner.
To make this work, Navantia need their partner strong enough to win the confidence of multi national players who need certainty of contract quality and completition. For me, this is the next best thing to a bid for the company.
Ok IL answer in a non jinxed way...play sing and hope an off her. Looking back on rns the last Mou with navantia resulted in team resolute 6 months down the line. The difference here is the Mou back then was announced 1 day after a play sing and hope and off her. So, it bodes well so far.
Wow!!,that's great news well done JW
Don't say it!!! :P
Is a MoU better than a LoI? lol
Those after show drinks seemed to have worked then. JW after a few to many whiskeys, I loove you Navantia, you're my beshed mate, what about a threesome with your friend. ;)
Obviously all parties see it as beneficial for obtaining future contracts by letting H&W join them.
Not wishing to be Capt. Buzzkill, but I can't help myself thinking that it will be very soon followed by a PaOO.
Lets hope history doesn't repeat itself this time.
That said, still buying more. :)
Big re rate coming here from this ludicrously low mkt cap
John Wood, CEO of InfraStrata plc commented on today's announcement: "We are delighted to make this announcement today, signalling the end of upgrade and reactivation phases. With the new national shipbuilding strategy due to be released in the autumn and the government's 10-point plan for a Green Industrial Revolution, we have confidence that the shipbuilding and fabrication business will deliver substantial value to all our stakeholders as we enter this exciting new stage of building our multiyear backlog of projects.
Since acquiring Harland & Wolff in December 2019, we have seen the organisation grow significantly; in August 2020 we reopened what is now known as Harland & Wolff (Appledore) and in February 2021, we acquired two ex-BiFab sites based in Scotland - now renamed Harland & Wolff (Arnish) and Harland & Wolff (Methil) respectively giving us one of the largest fabrication footprints dedicated to our core markets, in addition to two of the largest drydocks in Europe which at 80% capacity could give sales of in excess of £500m per annum when operational efficiencies have been achieved.
Combined with today’s MOU - It seems this is the bottom floor and that we have a bright future going forward from the current 25mil mcap - will be adding more this morning and holding long
I like the rapidly advance bit..........John Wood, Group CEO of commented: "Through this strategic partnership, we will be able to strengthen the scale and footprint of a combined multi-site offering which will de-risk customer schedules, drive more innovation and efficiency and enable projects to be monetised quicker. We now look forward to working with both organisations as we rapidly advance within the market." GLA