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Nobby31
If there are more placings...then that means less debt.....if any placing money is well used i see no problem with that..the share price would respond
I will always choose to have a smaller share of a bigger, better company than to have a larger share of a smaller and worse company
I would own such a small % of the company anyway so dilution wouldnt bother me so much ....the issue is always ...how the placing money is used and what revenue and profits it brings in...i.e. ROCE ...return on capital employed ...that is the key to it all ...
Thank you for the reminder poker chips
It’s just my concern is not the undoubted enormity of the pipeline but the potential enormity of infrastrata shares in circulation by 2025
At this stage the belief is needed that the assets that have been purchased will provide a more than satisfactory return once integrated and fully operational with the expected business opportunities....
An asset like Burntisland Fabrication Limited looks a bargain at £650,000 already paid in cash
Just need to put the placing to bed ... put down the £4m performance bond as cash collateral with Saipem and get cracking spending the £2m for site improvements necessary ..which may well now bring in further contractual work....which was dependent on that being in place
" Between now and 2025, the Directors have estimated a weighted pipeline of potential contract opportunities for the Group of £1.68 billion, which applies a probability factor to the £6.4bn of unweighted opportunities identified across the Group's five key markets. As the Company executes on this pipeline, the Directors anticipate that the Group will be cash break-even by end of 2021 on an annualised basis. "
Very much onwards and forwards from here on ....IMO
Nobby31, couldn’t agree more but I don't think they have a PR department, nor investor relations. I have asked Seena about the Investor Roadshow presentation but she hasn’t replied in over a week. Apparently we aren’t worth much - just like the SP.
I think your post rather sums up my feelings.
It's constant dilution with jam tomorrow. Some jam now would be nice but they keep coming up against various hurdles as to why this can't be delivered.
I can see a few successes during the course of this year but the dilutions are really hurting now.
Where has that investor roadshow gone? The silence is deafening so as the PR department reads this please at least give a reason why you do not want to post it as I am going to keep asking, as others have been doing. thanks
I did do a quick calculation this morning immediately after the RNS was posted.
Made it 30% take up, of what was on offer, with a further 13% of additional excess shares applied for.
Agree with Pokerchips there. The OO is just paying lip service to holders but is in fact quite disingenuous, IMO.
And with the other resolutions passed they have carte blanche to do more placings in the future without having to include holders with a OO. Same old same old.
If this does ever gets to a couple of quid per share it will have been diluted so much by then it will feel like it's stood still.
Stokey12
The BOD will not care too much who applies for shares in the OO placing and who does not.... their preference will be to raise money in the Open Offer from as fewer shareholders as possible...(fewer holders buying more each) ..as that involves far less administration costs
A lot of private investors offering to buy a small amount each is somewhat expensive to administer ( you pay the cost as a shareholder) ..and ...if it must be said...a somewhat waste of time...as an option
...Hence they only offered 1 for 6 ...push the tiddler investor into buying in the open market......just use big buyers to bring in placing money
Brokers don't take our money and hand us new shares for nothing..there is a charge...and the placing company has to pay for that service ..the fee may well be the same per broker client served
Lets us just hope we don't get another raise next year at 30p, I do very much doubt it and expect to be at multiples of 30p by this time next year. ML,HMS Prince Phillip and a flurry of repair contracts now please.
Maybe it will make them reflect on treating us better and putting their own money in. Hopefully it's a bit of a wake up call for them
What may worry the BoD is that not all of the shares under the Open Offer were taken up. Without checking I think less than 50% of the Open Offer shares were taken up. It was perhaps fortunate that the Placing was oversubscribed and raised more than needed.
I like the sound of that bubble!
Or shipbuilding contract
What are the odds on an ML decision arriving soon to boost the sp?
Nice post mcadder, this should all help us in the long run. It adds strength to our case for why these projects are important
Soon the only supply of gas will be from mainland Britain - what a perilous situation N.I and R.O.I will be finding themselves in. If anything I'm glad Daera and now the Minister are taking their time in reaching a decision on the ML because despite what some believe each month that passes strengthens the case for storage on Islandmagee....
"Natural gas plays a critical role in Ireland’s energy mix and economy, providing around 30% of Ireland’s total primary energy requirement and generating about 50% of Ireland’s electricity. Many indigenous and multinational companies in Ireland rely on gas and around 650,000 households use natural gas for home heating. Ireland currently has two main sources of gas supply – Corrib and imports from the UK via two gas interconnector pipelines. Corrib supplies around 60% of Ireland’s annual demand with 35% imported from the UK and the remaining 5% coming from the Kinsale gas field (due to cease by 2021). Gas production from Corrib is forecast to decline over the next decade, accounting for less than 20% of demand by 2025 with supply ceasing around 2030.
In the absence of new gas fields, Ireland would then be totally dependent on the UK for its gas supply. However, by 2030, the UK will likely need to import 75% of its gas supplies because of a decline in North Sea production. These gas imports would likely come from Norway, Russia, Qatar and various countries outside Europe. Thus, the gas supply route to Ireland would be longer and add a greater risk of supply disruption and price volatility.
Furthermore, Ireland’s dependence on gas will increase when the use of coal and peat for electricity generation ends around 2025/2030."
Irish Examiner
NEWS
Kinsale's 42-year gas production to end after multi-million euro decommissioning project
S
SPORT
LIFESTYLE
OPINION
Kinsale's 42-year gas production to end after multi-million euro decommissioning project
Kinsale's 42-year gas production to end after multi-million euro decommissioning project
The Stena Spey Drill Rig with a support vessel at the decommissioning of the Kinsale gas fields. At peak production in the mid-1990s, the Celtic Sea field had 24 wells. Photo: Kinsale Energy.
FRI, 21 MAY, 2021 - 20:45
SEAN O’RIORDAN
"A multi-million euro decommissioning operation involving up to 400 people is underway off the South coast to plug the Kinsale field gas wells, which have supplied the country with almost two trillion cubic feet of gas since they opened in 1978."
"Eventually, the gas reserves in the field were depleted and production ceased on July 5 last year after 42 years."
"Specialised equipment was brought in from the North Sea for the decommissioning works, including a massive floating marine drill rig, The Stena Spey. Seven vessels transport equipment to and from the area."
The Sunday Times
Playing fast and loose with energy security
Crackdown on LNG imports and fracking is virtue signalling to nation’s cost
Gerard Howlin
Sunday May 23 2021, 12.01am
"Cybersecurity is the story this week. But it’s only the thin end of the wedge. Astonishingly we are a country without a national security strategy, although one is promised. Cyber aside, our energy security is now perilous. The combination of good policy and bad politics means the natural gas supply we need to decarbonise successfully is at risk."
"Unless stupidity is rewarded with luck, putting on the kettle will be the least of our problems. Hacked HSE computers require energy to operate. Cybersecurity is a first world problem for countries with sufficient secure energy to operate sophisticated IT systems. We are a country on the edge on energy security, and we are about to throw the safety net away."
I think with this contract the question of who gets the contract will depend on the weighting. I suspect the tender will have three components price, technical ability and social value. The weighting attached to each will be important. If greater weight is given to social value then Team Resolute would in my most humble opinion be in good stead. It has the geographic reach into three of the four home nations. In addition it as an apprenticeship that will help develop necessary skills. Also the tie up with Navantia will bring with it a knowledge transfer that would upskill the workforce. If greater weight is given to technical knowledge then Team Resolute has the advantage that Navantia has the recent experience of building similar ships.
UK launches competition to build three new Fleet Solid Support FSS ships
Naval News May 2021 Navy Forces Maritime Defense Industry
POSTED ON SATURDAY, 22 MAY 2021 19:18
........"Building on the commitment made in the recent Defence Command Paper to create a shipbuilding renaissance, the competition will help revitalize British shipbuilding by requiring a significant proportion of the build and assembly work to be carried out in the UK.
With a £24 billion multi-year settlement to modernize our Armed Forces, the competition is an exciting moment for UK industry to design and deliver a world-leading capability, securing highly-skilled jobs and boosting homegrown skills.
Designed to challenge the shipbuilding industry, Defence Equipment and Support have issued the contract notice inviting companies to register an interest in participating in the tender for the design and build of the ships, which will incorporate next-generation technology.
The successful bidder can work in partnership with international companies but would be required to integrate the ships in a UK shipyard. The Government has already pledged to double the investment over the life of this Parliament to more than £1.7 billion a year, providing a pipeline of work to sustain jobs and skills around the UK.
This will be further supported by a refresh of the National Shipbuilding Strategy, to be published this summer setting out the Government’s commitment to the UK shipbuilding enterprise and its supply chain."
Letting H and W skill base wither has been negligent in the extreme. The staggering tonnage of ships constructed in Belfast during the last national emergency in 39 -45, demonstrates just how shortsighted politicians have been. Shipbuilding is a national asset.
Generally speaking the comments from those articles are from very well read individuals who certainly know their onions. It's very positive that Belfast and appledore is being given serious consideration in my view. Makes a change from the usual anti team resolute rhetoric of the unions et al. Nice find loosegoose thanks
Loosegoose good find , the key words for me are .... Lack of urgency
Found this one quite interesting. I particularly enjoyed reading the comments at the bottom. https://www.navylookout.com/the-competition-to-build-the-fleet-solid-support-ships-has-been-restarted/
We are in s good position ready for orders and as Boris said we need to start shipbuilding industry again in our country and have thousands of apprenticeships ,training , experience d engineers and fabricaters
The government are committed to reigniting the nations shipbuilding capability. It knows the building block of the industry will need help in re-establishing in capability.