RE: Costain1 Jul 2019 19:41
Shaylor cited project delays, same as Costain, and went under because of cash flow problems. Hard to find out how much debt they had, as they are a private company, but they must have been at their credit limit else they could have got finance to tide them over. Their order book was strong with a 150 million turnover. INFA, meanwhile, are on the cusp of signing an offtake agreement for 12 YEARS (THAT'S 12 YEARS!) with one of the worlds biggest companies (it would be 8th on the Fortune 500 Global List, if it wasn't a private company). INFA don't even have any income at the moment and are dealing with a 250 BILLION dollar company! WAKE UP and smell the gas:-}