Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Loosegoose In relation to your 19.15 post the current valuation is less than the non current assets shown in the Interim Results for the period to 31 January. If you then add in the Appledore Assets the current MCap represents a 50% discount on the value of assets. That is if you assume that the book value is accurate. So i think you can safely say INFA is grossly undervalued.
Don’t think there will be news in the morning. Would love it if there was, but I don’t see it happening. I do believe it will come in due course. Tomorrow I think we can expect a strategy update, some financial projections and some insights but no new news. Too many things out of direct control. A dip is only bad if one doesn’t believe in the medium to long term. I would love to be proven wrong. Current valuation of the company is circa 25m and with IMSL valuation, H&W segment pipeline, government “support” this is way under valued. We only need future cash flows of 2.5m to 3m per annum to justify the current value.
Lets hope for some news in the morning or we may see yet another dip.
Spud, yes that was it. Did a quick search and also found it on page 19 of the investor presentation from 5 December 2018. I remember flying across to the UK for that one - that’s why it rang a bell. I expect the valuation remains pretty much in tact. Possibly even upside given the reduced construction costs with H&W fabrication and more volatility in gas prices. Mmmm.
I think that was the old Allenby note loosegoose
I am not worried about hydrogen storage. The value proposition for gas storage is so good I would be more than fine with that. 18 or 24 months back there was a report showing a valuation of more than 200m based on the discounted future cash flows. I remember they used different discount factors but which ever way it was looked at the valuation was massive. Obviously all that is worthless without a ML. We are in the hands of DAERA for a proposal and the ministers for an approval. Without that it is worth zero. I do believe one day the ML will come followed by a nice juicy return. Anyone remember who published that old report? I remember a SP projection of 11.6p when we were languishing at 0.6p. This was of course pre the 100:1 consolidation and pre the dilutions for the 2 x acquisitions.
Stokey12- the option to store Hydrogen has been mentioned by JW and just having the ability is a positive especially if we go down the route as Japan has.
Tango1 In relation to your 12.04 post while the caverns may be able to store hydrogen that is not the current plan. Also I aws under the impression there was an agreement in place to sell the space in the caverns to a gas trader.
Stokey12- the gas caverns can store hydrogen so is inline with current plans.
Tango1 In relation to your 11.47 post INFA does not currently have any hydrogen businesses and I would not be comfortable in INFA jumping on the hydrogen bandwagon as it does not appear to me a strategic fit to the existing businesses.
I like these two points:-
Research into how hydrogen can replace fossil fuels
A significant expansion of the role of offshore wind
H&W are well placed to offer help in both those
TTNY agree totally, it is rude and not conducive to a good relationship, there was a time where the PI's were the only ones keeping the ship afloat!
Tango1- In relation to your 11.10 post you may wish to read this artic;e from the BBC Website https://www.bbc.com/news/business-54867442
You could be right Tango. I'm not an II, and not even a large shareholder, but this little mushroom here with his 120k+ shares still feels its manners to be be respected with an email acknowledgement back to his email. I'm still waiting after 2 months after taking an hour to put an email together re a marketing idea i had, that could potentially capitalise on the tourism side of the H & W history. Wee things like this pee people off and I'd certainly think twice again of giving up any time to compose an email that I didn't know would ever be read or acknowledged.
I don't comment too often with negativity but I understand Stokey's frustration with no response.
Enough of me being grumpy now, lol, I'm getting excited for tomorrow and hoping for something to get us excited about the INFA future. GLA.
stokey12- you will probably find the II's are kept well informed but we mushrooms are but that.
I wander if any news is going to coincide (planned) with Boris outlining his renewable energy plan today/tomorrow?
is good news or so they say! Never really thought that myself.
It is certainly quiet here today, a few strange trades and I have only got 4 more days of isolation :-)
I think INFA will need to look at its communications with shareholders at present it seems that the twitter account is being used for one way communication. I asked a week ago on twitter about putting a question in advance for tomorrow I am still waiting for a response. I have had no response tomy email either no even an acknowledgement.
With the emphasis on "ON TIME" I fail to see how babs can be considered with their current workload and poor delivery performance, and for the article to add "with support from over seas" they have already decided its coming home!
Just think if we got the ML and the turbine contracts-!! very interesting / exciting times in front of us, long over due but well worth waiting for. AIMHO
Ozzy,fantastic news ,thanks for posting the link ,infra going pal by the looks of things imho
https://ukdefencejournal.org.uk/fleet-solid-support-ships-to-be-built-in-the-uk/
You must give INFA its due they certainly got good prices for both Belfast and Apppledore. With Appledore the value of the freehold land n its current condition must be worth at least half the price paid for the whole site.
Good point .. and that was for the whole damn residual estate including the now vacant land ,fabrication sheds, the cranes,quaysides and the smaller dock . I have some interesting photos of the Building Dock being multi tasked and used if anyone is interested. Contact is via LinkedIn !!
And it only cost us £5.5 m what a steal!
Some interesting facts for you all on the Building Dock.
There were two dominant reasons for its construction from 1967-1969.First there was the rather haphazard method of then launching ships down the slipway into the narrow Musgrave Channel.Second was an enquiry from Esso for two VLCC's for delivery in 1970 which of course needed a much larger build dock. Why not block off and fill in the Musgrave Channel itself. Brilliant idea !
With great foresight both the N.I. and National Governments supported the project to the tune of £16M despite good old H&W having been in a loss position for some time in the 1960's.George Wimpy secured the contract and it became the then largest build dock in the world.Steel fabrication for the Esso tankers started well before project finish .Optimism indeed especially as "The Troubles" were then starting to fester!
So we have a truly wonderful asset and iconic too ( with those German Krupp built cranes)
So what would it cost to build today -I recall the figure £80M but stand to be corrected .
In the 60's U.K built "things".Drax Power Station ,Nuclear Stations, Ships and Large Building Docks --we were still world leaders .If only again !! Monday should be fun ....and Tuesday !!