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Be all over the media .
290 new jobs created.
How many jobs how much is the company valued at 40m.
CEO says first of many.
Multiple s coming here
John Wood, CEO of InfraStrata commented:
"We believe that we have now built significant growth momentum over the past few months that will lead to large contract wins across the five core markets within which we operate.
With the gradual lifting of lockdown restrictions, we anticipate larger spending patterns that will eventually lead to higher revenues across the second half of the calendar year.
We have set ourselves up in strategic locations, which are in close proximity to major renewable and fabrication projects that will come to fruition in the months ahead.
We continue to pursue defence related work and have made significant inroads with the Ministry of Defence on a number of defence and quasi-defence contracts. Defence contracts tend to take longer to be awarded but will be a key market within our portfolio.
Looking ahead, we shall be announcing our interims shortly and endeavour to provide similar and regular trading updates to the market."
Key highlights:
· Revenues of circa £6.50 million booked in the eight months to 31 March 2021; further growth momentum expected this year
· Cash breakeven within the cruise and ferry market maintained; larger contract wins established
· Acquisition of assets of Bifab in February; the Company now has the UK's largest fabrication footprint
· Harland & Wolff (Appledore) is now fully operational and generating revenue
· DAERA's recommendation on the Marine Licence now issued to the Minister
Total justification of my decision to invest in this share - lots, lots more to come imho.
He added: “I am confident that this is only the beginning of a stream of projects in our pipeline that we expect come to fruition.” Says it all!
Trojan,morning like the seabird one .. waiting game hey!!,this is a real gem to get into med/long term imho
Good day to dial in
Very good read from Praoactive.
Some profit taking till now.
Next leg up coming soon.
Adx moving up hourly/daily.
Be all over the weekend papers.
You watch this go next week.
26 m with more to come .
Big MOD contracts.
New guy in Florida for cruise liners.
What about the 700m letter of intent contract for the vessels.
This will be many times higher by summer
Agree Jabido. For me there was never any doubt, but seeing it come to fruition is great. Again, JW and the team have pulled a rabbit out of the hat with these brilliant acquisitions, and the shareholders will surely be rewarded for their patience. Now hopefully the ML is forthcoming (no doubt about this either) and we should be well on our way to 2p (or 200p since the consolidation) again.
Just tried dummy sale, but can’t buy now
Mms playing the market
Pis took little profit
Huge contract not v big market capital
Was hoping for 55 but many might “sell on the news” to unleash their profit
As we know, the close above 42p was the first sign. The close tonight is very important if this particular contract is to lead to more gains. If the SP closes above 52p, it is very likely blue sky pricing will prevail. 60p would represent light resistance but my target would be 80p in the short to medium term. I expect some excited profit taking this morning but hopefully a firming price nearer the close.
Target price for today? Any thoughts?
What MM are playing
Jabido, never be a long term sufferer! Be patient in buying: delta-time and all that stuff...
I'm doing nothing today, just holding. Weekend on the way equals press coverage.
Saipem just been awarded a 1b contract in Qatar for infrastructure.
CEO advanced negotiations.
Buy buy buy buy buy buy buy
Happy Friday. Great news. First of many.
For all us long term sufferers, let this be just the beginning. Happy Friday everyone :)
50p is ideal, £4+ for the future. Early days still, this is a sizeable contract though and given a recurrent cruise ship maintenance award and full ML approval we can expect a rerate.
Anyone else confirm that INFA is too illiquid to trade in quantities? I'm not feeling that this is a 'sell on the news' stock at all: too much doubt about re-accumulating. Not RR or BAe etc
well looking at the chart after 50p, 83p is next resistance...
Brilliant news, and just the start. Really pleased as great news for a lot of workers as well.
Saipem are a huge company and the contract is more than just the financial implications but it's also important as it is a foot in the door of potential work streams .Very good news indeed.
The beginning of the rerate? Opening price anyone?