We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Its certainly possible but I think more WTG’s for Methil are likely to be the next event. Now the SP has settled might add a few more but I think the forthcoming week could be quite special in mcap terms. Lets hope so.
Triumph contract must be one of those.
2 vessels 360m a piece .
Can see infa shares significantly higher by summer.
Strong buy
I believe that this contract paves the way for the execution and delivery of future fabrication contracts, a significant number of which are currently in advanced negotiations.
Not me, John Wood! Prince Philip would have been delighted, he put thousands of hours into encouraging and promoting commercially viable engineering projects.
Just seen this https://www.irishnews.com/business/2021/04/17/news/h-w-secures-wind-turbines-order---but-work-will-be-done-in-scotland-2291116/ looks like they would have preferred the work to have gone to Belfast. Hopefully INFA will please them soon.
Don't want to spoil the party, but items such as pin piles can be very large items to manufacture ....thus the yard have to have the equipment to manufacture. Not sure what size piles their using on this project, but would anticipate they would be floated in by barge from a specialist manufacture of piles.
Avyererdowt In relation to your 10.55 post I agree with what you say I would observe that when you look at the number of windfarms that are planned, all have local content requirements of between 10 - 25%, the amount of potential income from the necessary contracts is such that the restrictions on the type of work is not that much of an issue.
If the contract for the turbine pin piles has not been let and the article from November 2019 then that is potentially telling. Saipem did not go elsewhere when BiFab went into administration so is this contract still available. I note that it says at least 8 jackets so we may see further jackets being ordered. The contracts for the remaining jackets are worth upwards of £140m depending how many jackets there are to a turbine.
It is understood... a further contract for the manufacture of turbine pin piles. yet to be announced.
https://www.thecourier.co.uk/fp/business/business-news/1030393/huge-vote-of-confidence-port-of-dundee-and-bifab-to-play-major-roles-in-2-billion-wind-farm/
Harland&Wolff drydocks are significant assets
comprising two of the largest drydocks in Europe and the largest undercover drydock specialising in vessels over 120 metres.
Moreover, Harland and Wolff is one of only three UK shipbuilders suitable for major MoD contract work.
The acquisition of Bifab means that Infrastrata now has the UK’s largest fabrication footprint – not bad for a company with a market cap of under £40 million.
Over the next 12-18 months, management has identified revenue opportunities of £80 million, but there are also medium-term revenue opportunities of up to £750 million, including the fabrication of various new-build vessels and wind-farm equipment, along with multiple cruise dockings.
Infastrata can become a renowned name associated with the likes of Saipem, EDF Renewables and ESB ( Neart na Gaoithe wind-farm project) including the fabrication of various new-build vessels.
Institutions' interest will grow soon I reckon and a rerate in the SP pari passu.
GL
It's interesting that the bifab contract to build the jackets collapsed due to the company not having enough working capital to carry out the job before getting paid (happy to be corrected if I've misinterpreted). So, the fact we have now secured the contract means our working capital (or access to funds) position is far healthier. In my muddled post I guess I'm trying to say that it looks like our finances are pretty decent at the mo and perhaps JW was correct in stating the previous couple of placings have assisted in securing big work.. something I was becoming increasingly sceptical about
I have come across this article https://www.thecourier.co.uk/fp/business/business-news/1812409/bifab-administrators-plan-to-find-new-buyer/. It sheds an interesting light on yesterday's announcement. Also it raises the interesting possibility that other companies that were considering BiFab before it went into administration will again consider contracting with the yards. It is also noteworthy that Saipam did not let the contract elsewhere while BiFab was in administration which bodes well for future contracts.
I wonder what the year end order book will look like. If Triumph Subsea does place a contract for both ships plus yesterday's contract we are looking at a sizeable order book within 2 years of reentering the shipbuilding market.
THE 'HERD' IS TAKING NOTICE OF TODAY'S NEWS. A marked increase in traffic so will expect an interesting week ahead......
Stokey. You missed a couple more media write ups. one from the Courier and the other is featured on the NnG website. Impressive to be named alongside the 'big boys'.
https://www.thecourier.co.uk/fp/business/business-news/2139085/hundreds-of-fife-jobs-to-be-created-by-major-wind-farm-contract/
https://nngoffshorewind.com/nng-saipem-and-infrastrata-announce-major-contract-for-harland-wolff-creating-around-290-jobs/
BP. A perfectly negative, glass half empty answer as usual. I would have thought, like every other post here today, you might be glad because:
1) A major contract has been won.
2) H&W, a company you have slated since day one, will finally be generating real income helping us to become profitable.
3) The share price jumped 12% today helping you reduce your loss that you have complained so much about.
4) Even if, as you suggest, that Saipem decide not to pay their bill, that will be some time off. Plenty of time to advertise H&W ability to deliver good product efficiently manufactured and delivered - a perfect springboard for other contracts to come online.
No, that would all be too much for you to conceive? If we ever go for a drink I won't ever expect for you to offer to buy the next round! You'll be busy kicking the old dog.......
A good summary for anyone still not invested.
This compmany can have an exponential growth this year.
https://masterinvestor.co.uk/equities/infrastrata-could-be-in-the-right-place-at-the-right-time/amp/?__twitter_impression=true
Message tied to link:
Harland & Wolff 14,652 followers 6h • 6 hours ago
Follow
'Delighted to be welcoming 'Relentless' the fishing boat to our patent slip at Harland & Wolff (Appledore).'
#HWAppledore #MadeinAppledore
https://www.linkedin.com/feed/update/urn:li:activity:6788806897433739264/
Tease .. Speedy, Moi ?? Never entered my head dear friend .. At least two possibly three of those South Coast loungers really only have one nearby and cost effective venue to go .. look outs are positioned at Bangor and Donaghadee .. and Vessel Finder .. will report when any scintilla of anchor lifting is seen .. Yours Mr Teasee
Speedy_Gonzalez,
Some of us have a life beyond LSE!
This announcement can only be considered as good news - as long as the contract has been written on profitable terms, of course... I would also hope that payment terms have been inscribed in concrete; I have to be careful what I write on a public forum, but I am aware of one company that went bust due to non-payment by a "significant Italian energy-sector player"...Good luck insisting on due process via the Italian courts. I may speak from experience...
I maintain that there is little prospect of profit from the combined H&W shipyards from the marine sector, based on personal experience - on which I may well expound on another day.
This was fantastic positive news .. and agree it feels like the start of a wave of positive and material news ...have been sitting on a bunch of cash in my SIPP ... not anymore
Not a peep from our No 1 negative poster BP. All the regulars and most LTHs posting but someone with a supposed 56K shares has nothing to celebrate??
Oh Dawski......you are such a tease. Whatever are could you be suggesting???
285 trades today .. that just confirms the interest from PI’s in this beauty... Monday may be blue .. would be nice to see something big and grand sailing in the Azure Blue of Belfast Lough and heading for the former inlet of the Lagan !!
TTNY,your right this is only just starting ,JW and infra have many contracts in the pipeline imho ,the share price is looking like a very st to buy atm imho
I agree with you Dawski that Monday could be interesting after the weekend press.
There's also the potential for share price movement if some of these financial 'tipsters' just happen to say the word 'Infrastrata' in any of their newspapers, financial publications, email updates, social media pages, financial blogs, etc.
With these financial commentators or tipsters, my experience is that not all of them are immediately on the ball to give hot of the press 'tips' as they might call them. Some of their commentaries are immediate on social media but others provide weekly, monthly or even quarterly updates or publications. I know a lot of private investors will follow these tips but quite often the relevant share has moved north by some level already before it gets to them.
Having said that, some of the press tend to stick to Blue Chip size company comments and Infa might just stay under the radar with them until they get a bit bigger or another contract RNS.
The press in the coming weeks might be more interesting than just over the weekend.