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Don't think it will be that low come year end.
Mcap now showing as £10m.
Thanks Mr T, Just checked the website but not their, no problem just intrigued to know.
Tango,
Shares all in the market now, check fundamentals tab above and you will not the shres in issue is now 3.55 billion.
Mr T
Just want to know who has the other billion shares.
Is it tomorrow the shares are put into the market? and will the infra website be updated the same day?
Would tend to agree Droderick. Given currently only JW and Arun, I would imagine sorting out the Primary Bid etc... plus landing H&W has probably had an impact purely based on hours in the day. Despite being fairly optimistic of the promised year end FID I am girding my loins for the next RNS suggesting the remaining Q4 milestones are now all Q1 2020, not ideal but still feels like its all for right reasons. I suspect DAERA would get hammered now if they started the Public Consultation in just before the Xmas period.
Act in haste and regret at leisure. Let the BoD get on with what needs to be done. A few weeks if delay is not going to break anyone's bank. I can only imagine the number of hours JW and the team are putting in to close the H&W deal, get the first contracts in and to meet the milestones.
Islandmagee has always been complicated and JW and team have given it some legs. Equally, as shareholders, we want a decent return on our investment in a company as a whole, not only one single project. The strategy of de-risking the balance sheet away from just one project and introducing immediate revenue streams is a sound one. I don't think when we close the current financial year 2019-20 with a decent revenue line anyone will be complaining.
Droderick
"The monies are under a legally binding grant, they have been legitimately spent on the FEED that the audited annual reports have confirmed and it is a matter of process"
Absolutely spot on Droderick.
Snowman, let's hope he is fully recovered and will be back with us soon.
Mr T
Does anyone know how Snowman is doing - fingers crossed!
Completely agree Mr Truimph,
Anyone who has dealt with grants from the EU should be well aware of the hoops that need jumping through. Let us not forget that we are dealing with the EU in conjunction with 2 other member states separately (UK and NI) so effectively everyone needs to sign off before it formally gets processed in Brussels.
The issue is about tying up the different organisations in the different member states all together. That in itself is a time consuming and laborious process. I personally think there is no doomsday scenario here. The monies are under a legally binding grant, they have been legitimately spent on the FEED that the audited annual reports have confirmed and it is a matter of process.
Snowman 100 is ok and fighting fit
Goup,
Why would the EU money be dead?
Infa have followed all the correct procedures as far as these grant monies are concerned, the grants were agreed as long as certain criteria was met. The EU has paid previous grant monies to Infa in respect of the same ongoing project. Therefore why wouldn’t the EU pay these funds which are correctly due to Infa. Unless of course the EU have suddenly changed the rules of the funding, in which case surely Infa would have been informed of that decision many months ago.
Infa have progressed the project without these funds, but, they have also operated under the belief that some of the costs associated with the project would be reimbursed by the EU as grant monies, this was an agreement with the EU and therefore unless there is some particular reason for the EU not to pay these monies, then they should be forthcoming. My belief is that if the money was not going to paid then we would have heard long ago, someone on here stated that the audit processes of these types of funding take an eternity to get through the systems over in Brussels!!! So with that in mind we should hear something very soon imo.
Mr T
Left to hit milestones ,
For me the eu money is dead , they had so long to come up with it , can't see it coming ,
John needs to update this quickly , I don't believe in burying bad news.
INFA - has been promised the money i would think jw has done his best to try and get it . IMO jw and the team are doing there best so i give them credit
Nothing to suggest IM would not get over the line
Speedy
I don’t think that there would be too many shareholders completely shocked if H&W was a change of direction, yes it’s not why we originally invested but if JW can not get IM over the line then it’s good that we have other avenues to pursue as bod could easily have sat back and kept IM on the long finger for an eternity, as a typical aim lifestyle company.
I agree 100% that he should keep shareholders informed with what is going on, as always it’s all guesswork on our end.
GLA
It's almost mid month............am I the only one here to think it's odd that these have not been confirmed? Since JW began posting work stream schedules I can't recall a time he has not delivered "on time". Like most here I am very glad and supportive of H&W but let's not forget where the focus should be and the reason we all bought. I hope JW is not diverting our attention for any reason, and if so, we should be informed.............
The dust is now settling post the Harland acquisition. It has now been formally completed and the first set of revenues have now been announced. This is fantastic news and it completely validates the acquisition. The fact that JW and team are determined to turn this company around into a revenue generating entity gets my complete respect and support. The markets are extremely treacherous and liquidity is at an all time low. To have raised this sum of money and closed a significant transaction relative to the company's size is an incredible achievement.
What has happened this year is simple: a company that was effectively going nowhere has been radically transformed to the point of generating maiden revenues and with a much larger portfolio of revenue streams to play for. The ultimate ambition of all shareholders is to earn a sizeable return on our investment. JW and his team are also shareholders and are completely aligned to all of us. I can see a very bright future going forward.
Let us pause for a moment and give due credit to the management team - they have earned it.
The grant money is it coming or not ,it's so far overdue we are in doubt?
Mean of to the races gla
Has put us in good stead employing the locals who thought there life was over not quite but you know what I mean . I feel a lot of things will be sweeter for us now once we get funding update we are of to the faces
That H&W are open for buisness
https://www.maritime-executive.com/article/harland-and-wolff-wins-first-post-bankruptcy-contract
JW did say that until they had the keys no contracts could be signed!
Exciting times imo
Why did you buy 600k through primary bid if you dont thrust them then?
Yes but based on Corbyn or Johnson calculators!? Maths is one thing cash is another thing entirely.......?