Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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If H&W can break even (or slightly better) this year I think we'll see a spike in the stock price...INFA have always needed period bookbuilds to fund them as a going concern, if we can elongate the frequency of these and work toward a company that is sustainable near-term that would represent huge progress.
Good points dawski37 & now clear from the last two fund raises both relating to the H&W acquisition that the majority of the current SP can be attributed to H&W which if profitable can fund INFA & insure INFA for any further delays in the ML.For me it is 'Strong Buy.
Most Certainly,Loosegoose....the capital raise was not just for loan and debt repayments but as a raise to fund a secure capital base to give comfort to shipowners /offshore wind farm players that we are resourced and can perform .As you know most contract payments ( if not by staged pyments ) are made after performance and signing off of the work ...and that has to be funded up front ...looking very good now but patience for a while is still needed !!
I expect that there is a larger contract coming soon (2 or 3 weeks max.) Needed the working capital in place to secure the contract. Possibly an expanded scope of work on the Vikings. Could be a breakthrough.
Morning All,
Good news to see the dockings continue at H&W. I'm tempering this a little with the fact that a yard the size of H&W needs far more valuable work than the sort of contracts we're currently doing- so although optimistic- I'm also leaning towards a little caution and not getting carried away.
That said, I'm pleased the fund raising was as successful as it was, the yard does have work which is keeping things ticking over, excited to see fund managers such as Gresham House investing, the SP ticking up well over the past couple of trading days and of course every day is a day nearer to a decision on the ML.
Out of all my shares, this is the one that I 'care' more about than 'just' an investment, and genuinely want to see the company do well for more than financial reasons. Probably why I'm trying to keep a lid on getting carried away! All this said, another good week of weather lined up and looking forward to seeing this nudge over the 50p mark!
Cheers
TheEast
On the basis of this article I am prepared to get off the fence and make an investment in INFA
In terms of the value of the current Stena contract, its reported as £2.5 million:
Not sure it’ll let me post this link ( remove the hyphen )
h-ttps//www.cruiseandferry.net/articles/harland-wolff-to-upgrade-six-stena-line-vessels-1
Ditto thanks for the link. 4 ships... Let that sink in. Wow. I just wish we knew the revenue we are getting. H&w is fast becoming the main event and I'm not complaining considering the 6 sectors we can get income from. Here's to a good week :)
TTNY,thanks for link ,more work lined up .....
I see Stena Scotia has dry docked this morning. It's a very long time since H & W has had 4 ships in at the same time.
www.vesselfinder.com
Good to see East Antrim MP Sammy Wilson supporting local businesses in Islandmagee. Wonder if he was talking business over his icecream
Indeed very much their is potentially huge upside if ml and big refurb contracts come in,add the lng storage /distribution set up and this will multibagg rapidly imho ,oh nearly forgot a bit of mod work aswell ...
From the second i invested in infa i had no doubt this company will be a massive success and before too long we will do a 100% plus rise in a single day.
We are going places!
just sit on your hands and wait for the rewards.
BTB
Indeed this company is going places imho
The reason for JW et al not giving much communication is most probably because of the raise, if the SP had ran away it may have been much more difficult to raise the required cash, but now it is completed (so people are stating) there is no reason not to keep the share holders informed and the market aware. IMHO "Reasons to be cheerful Part 3".
Hi dawski37 - Glad that you have taken time to write your post today & clearly shows that INFA has a positive future & your point about how INFA has raised further funds it demonstrates a great endorsement by those that have bought in.I am a little more optimistic & I am showing 'Strong Buy'.
1. As Chrisatrdg posted earlier the Placees (including probably existing II's) would have been shown a prospectus and allowed a Covid compliant presentation before making any decision and the fact that the relatively huge placement has ocurred successfully in these difficult times speaks volumes for our "little" AIM tiddler with "big" ambitions and a superb iconic asset !!
2. I have noted the comments about the authorities and Daera still not being able to give any hint of a timetable and I do know that the Board will have consistently and still continues to gently lobby and to put pressure on those that may have influence regarding decisions for the ML.But Daera are not the only department under Covid clouds... OK, we seem to recently have appointed a Project Manager for IM which sounds promising and taking into account the info. that would have been able to be dsclosed in para 1 above then all may not be lost for IM...But I just wonder that had we somehow been able to move forward much quicker say a couple of years ago then would we still have had the chance for securing or been interested in H&W.After all it was the proximity of H&W to IM for ease of fabrication work that was then the catalyst.?We seem to have change course and are now firmly on the road trying to re-vive the yard and the whole area of the Lagan Outer Basin Commercial District.
3.H&W and it's new professional team will source and may have already secured other Cruise Liner Refurbishments/Updates..We have Stena firmly on board and expertise with Off Shore Wind Farms and potential for Decommissioning of course .......and Team Resolute may still come good ...you never know especially as the Gov intends to send Queen Elizabeth to the Sprattleys !! She will surely need protection and support !
4. Gas will still be king for the immediate future.Covid may have upset and limited the day to day workings of Daera,Passport and Land Registry /Probate Offices but it has also seriously put back Nuclear ..the Times today reports of very serious delays now on Hinckley B and cost overruns etc ..AND then there is Sizewell C and involvement by our Far Eastern Friends !!?
5....and then there is Hydrogen !!!
and there must be more ..let's here from you ...good positive rise today above .35p !
This seems to be moving nicely in the right direction!!!
On the bid 42 before the selling starts
Yes, packman, I agree. Having been an institutional salesman during many placings, we were always given the positive story to help push things along. Given these guys had to place such a signifucant percentage of the company, I would love to know their sales patter (on INFA)
Lottie, just offered 35.05 for 50,000 it’s starting to look promising
Consolodation and placing behind us and II activity is a positive. We are in a position to move north from here, BUT, us PI's really do need some information now, its long overdue. Give us some tangibles to look forward to! As mentioned below, no doubt the IIs have been privvy to such information.
what sort of chart is this here the price does not change wherever you place the cursor- please can someone explain what is the effect of consolidation and instiutional investors on the outlook here
Confidence is being shown in INFA shown by the recent 'Holdings' updates.These companies will have been through due diligence & likely privy to some form of road show presentation for those who have not Bought it is now time to Buy I would suggest.
Well Killik has certainly been adding a lot lately another 1.5% now 6.5% holding. The II's certainly seem to think this is going places.