George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Wonder how many shares are going to institutional investors or government interest in placing ?,not long to wait I guess
Cheers Stokey much appreciated. I recall triumph have a ship currently being built in Croatia, so they must have some avenues. Although I understand why it's not in any forecasts - it's more of a very nice cherry that may be on the cake at a later date. Thanks for the recap chitta, JW also said he spoke to Boris last week reminding him of his appledore pledges. Time will tell, let's see if so moves at all today :)
Stokey 12- £5m-£800m Annually is a bit of a range, don't think I would get away with presenting that to the BOD LOL
Bullet points.
The minister of defence had a delegation at H and W last week.
Going forward we can look at debt instead of dilution.
The renewals sector will offer increasing work for infa.
We now have the land acreage to pacify large company's demands.
We would not have secured the Saipem contract without the recent Scottish Aquisitions.
This company is a medium term investment rather than a quick growth investment.
Once we start the contracts will roll in.
The last few years have been about setting up the foundations to be able to grow into a significant manufacturer in the UK.
In normal circumstances the ML would take 3-6 months so the delay we have had makes no logical sense .
Jabido In relation to your 20.15 post of yesterday the issue would appear to be financing with Triumph looking at a mix of debt and equity. It is a worry that the contract and related revenues are not factored in the forecasts. If the finance is sorted then the impression I have is that a contract will be concluded the question is when.
I agree with your impression of the presentation even if the Triumph contract is delayed then there would appear to be sufficient other opportunities in the renewables area from fabricating to compensate. I noted that once all sectors have been engaged the projected annual revenues is in the region of £5-800m. This would depend on the blend of the work.
Hi jabido, have respect for all lth, not looked in depth at past co activity tbh, hope future good for all
Mr. Chant gets it, at least.
Government has one shot at reinvesting in shipbuilding, industry leaders say
Robert Lea, Industrial Editor
Wednesday May 12 2021, 5.00pm, The Times
"If Boris Johnson wants to make the UK a “green shipbuilding superpower” , as he promises, he has some “tough decisions to take”.
"That is the view of Maritime UK, the umbrella body for the country’s faded shipbuilding sector, which says the government has one shot at reinvesting in an industry in which, as politicians repeatedly remind everyone, Britain once led the world."
"Tom Chant, chief executive of the Society of Maritime Industries, says that if the prime minister is serious, the government needs to financially support an industry that cannot compete with and produce the large tankers and commercial ships coming from South Korea and China."
Hi stokie and all, I joined 5 mins in so missed the LOI bit, care to elaborate? By the time it got to my questions he said he'd pretty much answered the triumph part lol. So, did the answers give u confidence we will land the LOI?
My interpretation of the roadshow was again, lots and lots of potential contracts, but we just need to get them over the line. Potential for renewable work alone is absolutely huge. I'm not completely satisfied that they have been in a closed period for so long and in my uneducated head the placing would have been an ideal opportunity to purchase some?
So, infa is a great opportunity for anyone buying now in my opinion. The experience of being a lth still however leaves a decreasingly sour taste. Here's to a good future for all!
Thanks Stokey12, much to consider but low entry price, might still be tempted
ladni In relation to your 19.45 post it is the most significant potential contract so far and could only be potentially eclipsed by the FSS tender if that one ever goes ahead. Therefore if it is not landed INFA would need some large fabrication contracts to land to compensate. I was not actually expecting the question to be answered. I was expecting a more non committal answer.
Stokey12 are you concerned about this potential contract? Been reviewing RNS info
Lots of potential revealed but bit of a lacklustre presentation
Just my luck but today was he only day this week that I'd other commitments that i couldn't get out off, so i didn't get to see the webinar.
Does anyone know if it's available to watch elsewhere or maybe I'll just have to wait until it hits the Infa web page ?
Thanks
Please elaborate on the Subsea LOI
I didn't catch all the webinar.
Thanks
An interesting webinar I note that JW got a bit prickly with a couple of my questions. I found what he said about Triumph very interesting. I would not be surprised if the June deadline is not extended,
Interesting roadshow. Was considering investing here on back of the £26M contract as interested is renewables then placing happened. Still on the fence but quite a positive presentation by board
Agree, the first tranche utilises existing allotment rights.
Sorry, but I think Nigel may be wrong.
It think it could well be placing shares.
From the first RNS.
"A total of 12,160,353 Ordinary Shares have been conditionally placed pursuant to the First Placing " Obviously, conditional on someone taking them.
From the Results of placing RNS.
"Application has been made for the First Placing Shares to be admitted to trading on AIM, and it is expected that First Admission will occur at 8.00 a.m. on 7 May 2021. Following Admission of the First Placing Shares, the Company's issued ordinary share capital will comprise 93,617,102 Ordinary Shares..."
1st TR-1
Date on which the threshold was crossed or reached, 10-May-2021
??? - 11.620000 % TVR 10881921 ( was the TVR wrong? Hence the second TR-1)
2nd TR-1
Date on which the threshold was crossed or reached 12-May-2021
11.62% - 12.2% TVR 93617102 ( same TVR as the Results RNS)
So was it a correction RNS? Not finnished populating my spreadsheet with last years data yet, so unsure of their change of standing since before the consolidation.
FWIW, not the first time they have got details wrong in a RNS.
Some have never been resolved.
Happy to be corrected, though. :)
PS. when we getting your TR-1, not Ringo or Paul? lol :)
Thanks for the info. regardinng BF.
I was just scanning the coast for likely candidates and noticed that it was way off it's normal route.
I was thinking about it some more today whilst working on the roof looking out across the Atlantic. Get a good view of passing ships up there. :)
My conclusion was pretty much what Spud said.
A knee jerk RNS to hopefully get a few more to take up the OO.
Otherwise I don't think they would have bothered. IMO.
ThisTimeNextYeer In relation to your 16.02 post I see we are still waiting for the FSS Tender which was promised for Spring this year. Well that was the last time the matter was debated. I am starting to wonder if rather than tender MOD are just going to do a direct award.
drango,
Yes, Brittany is a very chauvinistic company, in the sense that they will always look to support fellow French companies whenever possible (I once had business with them).
Having said that, you never know.
Oldtramp, welcome to the madhouse, Si Derman , think you will find that Brittany Ferries get most of their work done at Damen Shipyard Brest
JW has been busy today chatting with The Mirror.
I've popped in a few links below where he makes reference to Team Resolute and the Navantia relationship, as well as reference to the Royal Yacht Britannia replacement.
There's no new news in these links but it's always good to see the Infrastrata and Harland & Wolff profiles being kept in the public realm as real contenders for completing these works.
https://www.mirror.co.uk/news/politics/shipyard-boss-defends-link-up-24092054
https://www.mirror.co.uk/news/politics/royal-yacht-britannia-replacement-could-24092622
Stokey
"ThisTimeNetYeer In relation to your 07.46 post while you may be right I am inclined to think it is another contract which begs the question why are they now issuing a RNS in circumstances where they would not have done so before?"
Could be to fluff the share price up so people take up the OO to raise a few more mill to keep the lights on?
Bwtfdik