Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
Hi Mr T
IMO same time as the milestones update, even if it's just to say DD will be at the later extended date.
Snowy,
I would think that as the two are completely separate entities although under the umbrella of Infa then separate RNS' should be issued. Just my thoughts!
By the way with your profits on EUA perhaps you could lend Infa the 1.6M EU grant funds due and then collect your money once the funds have been paid!!! lol.
Mr T
Hopefully the EIA report has been sent to DAERA so the 42 days can start.
Yes Sherlock Radders99 I have only joined this recently and not (yet) own any INFA shares but apparently one can buy some without being part of a chat board - however, as my previous investments hadn't been so successful I thought I would give the latter a try to get a feel for this company from like minded individuals :) I don't think anyone's posts on here are motivated to lower SP (no more than the few extremely optimistic posters whose aim is somewhat obviously trying to raise SP for their potentially their own short term gain). Personally I believe the energy storage market future is huge whether that be gas, solar, hydro (good to see Swansea Tidal Bay project might be going ahead again so that is something else to look at investing in) but my fear of throwing hard earned money into JW is that it end up in HW - which further detective work on Google shows that the Navy projects are a slim chance and the FRSU (which is basically a converted LNG tanker) would probably come from the far east (where the local shipyard machinery probably all ended many years ago when Belfast stopped building boats). Dawski you made some good points and yes all should run smooth if funding and licences pull through in line with schedule but MrT I think that the EU cash should be kept for pushing ahead with IM and not sidetracked for the H&W Acquisition. And just one correction to make JR - by the RNS the £500k is a NON-refundable deposit and would go straight to the creditors or probably just the administrators back pocket for their prolonged time on this takeover - similarly the remaining £5.5m balance cannot be used for wages or running costs of the yard so my concern remains - where is the money coming from to run this place! Anyways, still looking forward to some sort of progress in the next 24 hours - I've no doubt JW can get big financiers for IM once all the ducks are in a row - until those waters start warming I will hold back from jumping in.
Bruce
"so my concern remains - where is the money coming from to run this place"! by which you refer to H & W!
I think you need to re read the RNS which was issued on the day of the potential acquistion, it clearly stated that funding was being sought as working capital, ie extract from the RNS
"A working capital facility will also be established at the subsidiary level, leveraging the Assets and the gas storage project and the Facility's cash flows"
I hope that allays your concerns
Mr T
Elementary my Dear Brucealrighty. As an LTH I have zero intention of selling anytime soon, in for the long haul. Hope you decide to take the leap and get a good price. My first investment in INFA was at 10p !!! will break even at circa 0.8