Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Re fss a good point well made tango. Infa is looking slap bang middle of the green revolution and navy contracts. Very very exciting and profitable times ahead!
are that the SP is going to have a continual rise, Hopefully breaking the 43p resistance today and heading to the 56p. But the logic has not followed here in the past so will wait and see.
Speedy- That article states the 8 type 26 and 5 type 31s are being built in Scotland, surely that would mean they will not be building the FSS ships and new design ships? That only leaves Team resolute for the £1.5B contract at least.
https://www.naval-technology.com/features/pm-pledges-to-make-uk-foremost-naval-power-in-europe/
https://www.belfasttelegraph.co.uk/business/northern-ireland/belfast-shipyard-harland-and-wolff-hopes-to-gain-from-165bn-defence-spending-39767901.html
https://www.telegraph.co.uk/business/2020/11/19/16bn-defence-spending-boost-must-help-british-industry-companies/
https://www.telegraph.co.uk/business/2020/11/19/royal-navy-likely-biggest-winner-defence-spending-spree/
Mr Ozzy,nice link there ,infra are certainly going places very soon IMHO
https://ukdefencejournal.org.uk/uk-to-become-foremost-naval-power-in-europe-says-pm/
Just seen this https://twitter.com/Harland_Wolff1/status/1329446888114892803
The extra money for the MOD will not only be for new builds but also refits, the docks are still empty, but sure they have something coming....
Okay, i understand what you are saying.
But, for me, until the ML is decided I will stay where I am. Investemnt wise.
Cheers.
https://www.devonlive.com/news/devon-news/boris-johnson-appledore-shipyard-navy-4716958
More of a trichotomy! Anyway, the rate of business purchase is way too high without full paying partners.
Interesting question for John Speller (Lab) Will the Prime Minister ensure that, wherever possible, spending is directed to firms in the UK and that orders are pulled forward to get British industry moving? He can start with the fleet solid support ships by telling the Ministry of Defence to send out the invitations to bid not in some ill-defined spring as the MOD says, but early in 2021. That would be a welcome Christmas present and new year message not only for our shipyards but for our engineering and steel industries and their communities.
The Prime Minister
The right hon. Gentleman speaks for many in what he says about the fleet solid support ships—he certainly speaks for me. This is a great moment for shipbuilding in this country. Be in no doubt of the ambition of my right hon. Friend the Defence Secretary, the shipbuilding tsar who is now leading a renaissance in shipbuilding. I am sure he heard the right hon. Gentleman’s points loud and clear.
Edit....Early Christmas present incoming
Here's a news item from Devon Live on the same subject referring to Appledore.
Hi Si, on your 17h38 post, I do believe we stand a snowballs chance of getting the ML. My point was merely that the speculation around IMSL and the ML is confusing for the overall valuation. If the 2 were separate it would be easier to understand. One would be a pure speculative punt and the other far less so.
Link to the speech
https://hansard.parliament.uk/commons/2020-11-19/debates/CA347B2B-EE02-40DF-B5CE-1E8FAA07139E/IntegratedReview
'We are going to develop the next generation of warships, including multi-role research vessels and Type 32 frigates. This will spur a renaissance of British shipbuilding across the UK, in Glasgow and Rosyth, Belfast, Appledore and Birkenhead, guaranteeing jobs and illuminating the benefits of the Union in the white light of the arc welder’s torch.'
We will win some of these contracts. We only need £20-25m of business p/a to break even. SP is going to go nuts, massive re-rate coming
Exactly, and as soon as they stop the pretence that we stand a snowballs chance of ever getting the ML I will stay, mostly, out.
And if we do, I'm prepared to miss a few percent rise and sell the farm to go all in.
Of course, I would like this to succeed, for everyone holding, employed or otherwise connected.
Other than that I will remain a posative supporter and bide my time.
NigelHeamoglobin, agree. I have posted about this before and will remind again that we are dealing with the dichotomy of a start up that is 159 years old. The IMSL gas storage legacy is the start up and shipbuilding is 159 years old. It is an interesting company to try put a value on. This being said, even if we ignore IMSL in its entirety we only need about 3m free cash flow to justify the valuation. With the (dare I say it) probable large contracts coming in multiple sectors of the H&W portfolio I think we can all calculate that there is tremendous upside. IMO, there is market (valuation) confusion due to the dichotomy of the subsidiaries within the INFA group.
Lottie123,
Exactly; there are simply too many shares in issue (notwithstanding the sleight of hand of consolidation) for any traction to be gained here, without massive, transformative news. A marine licence would be nice...
It is not possible to develop an engineering company at exponential rates. Prove me wrong, provide several examples.
Yes, the 43 closing high set in late May is important. We have not managed to close above 42 since,which is a downtrend from the 46 high set around that time. There remains a large supply of stock. That supply has been present into every rally since the placing. Look at volume on up days. Until that supply can be exhausted, significant headway will be difficult without confirmation of all the positive overtures. We need concrete evidence of profit generative business.
Broodbox glad to see you’re still in, hope the bees are making lots of honey
Amazing asset value to come tango
That is where we started Radders, and into ship yards by default. But it sure would have been dull without them
The question is not if anymore but what comes first:-
Ship Building
Turbine building
Gas storage building
Multi Billion Pounds in contracts, under 30m mcap at the minute what will it be this time next year £300m-£800m?