Oh dear. May I point you to the RNS released on 10th February 2020? I suggest you sit down before reading, as it seems that you have been investing in this company without being aware of some rather salient points.
A reminder that all the assets of H&W Belfast are already hocked to the leg-breakers and that INFA is paying a usurious interest rate for the privilege. Given the collateral-worthiness of the remaining assets, how much more asset-backed finance do you think the company could raise and at what rate? Don't forget that the company has to pay back the principal to the leg-breakers in February (or is it March?) next year. That time is not far away.
As for dilution, mine currently stands at seven-fold, thanks very much.
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.
Thank you. As stated below, I continue to maintain my position in INFA.
Despite the continual abuse that I receive here, I have never reciprocated, although I did question stokey12's grasp of the English language, simply because many of his/her/their posts are so muddled as to be unintelligible. The same could be said of others', to be fair...I have never stated that INFA is not currently revenue-generating, merely that the use of the term "revenue-generating", in this context is, at best, disingenuous.
Similarly, unlike many other frequent posters on this board, I have never predicted a movement in the share price of INFA, either positive or negative; in my view, that way madness lies.
My criticisms have always lain at the door of the directors, who, I maintain, are entirely self-serving and whose actions certainly do not align with the interests of shareholders. The continued absence of the marine licence for IslandMagee, given the arrogance on public display from the board at the end of 2018 and the beginning of 2019, when INFA's share price rocketed (as a result of a blatant pump-and-dump campaign on social media, involving a former TR1 holder) can only be put down to either incompetence or, to be politely euphemistic, "mis-information." Neither instills confidence.
I do not recall making any reference to JW's "shaft" - though I will state that his history as a phoenix (of which, I admit, I was ignorant until it was posted here), his "amusing" recent bonus and the payment by INFA for services to a company owned by our erstwhile CEO, make me inclined to suggest that he may be carrying out a "shafting" of his own...
I suspect my professional knowledge and experience of shipyards and of the wider shipping industry surpass that of most who post on this forum; it is on this basis that I continue to add my own thoughts.
As to why I continue to hold (yes, Speedy_Gonzalez, I continue to hold), I have also stated here in the past that my own investment philosophy is never to sell at a loss. Not the most efficient of plays, I acknowledge, but I hold only 2 dogs in my portfolio - one of which is INFA (the other having dropped out of the FTSE100 not long ago, so at the other end of the risk/investment spectrum).
RE: Leading lots of investors up the garden path30 Mar 2021 17:25
stokey12, This is becoming tedious, but the symbol =/= is universally acknowledged to mean "does not equal". Is English not your first language, by any chance? If not, your muddled posting is completely understandable. Otherwise...