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Not so sure, costs are spiralling and no significant new contracts in an industry where margins have always been tight and reliance has been on public sector support. Hardly a recipe to attract new investors.
I don’t doubt that eventually common sense will prevail and IM will get the go-ahead. My fear is that the man with the big ego will squander returns from here on his shipbuilding empire.
Radio 4 this morning, head of Centrica stated that part of Rough will be brought back into service today providing 6 days UK storage, so increasing total UK storage to 12 days. This compares to more than 100 days in France and the Netherlands.
The only chance of us making 20p by September is a positive outcome on the JR. Even if that decision does go our way I would not be surprised if any immediate or downstream return is just ploughed into the core shipbuilding business which, as I have said previously stated and still believe, is unlikely to ever to show a sufficient return to benefit shareholders.
I do hope my pessimism is misplaced!!!
Agree very encouraging, I certainly took opportunity to top up under £1
Looks like mms are walking sp down on very low volume.
Xemor, , that RNS was aspirational and highlighted revenue and cash flow which doesn’t necessarily generate profit, the only reference to which I could see was
‘At turnover levels of £200 million and above, the Company would expect to be in a position to generate sufficient cashflow to initiate returns to shareholders’
Profit projections from I am were previously far more detailed with actual numbers.
The DF, re your post 9.23, you are correct, for many years I have been and remain invested here. I will freely admit that the driver for my investment was the potential of gas storage at Islandmagee, which at that time provided clear projections of profit and the business case for investment. Regrettably articulation of the business case has not been replicated for the ship yard investment, this I fear was far more driven by JW’s personal passion and ambition. No point me selling out as I am sitting on a considerable loss which, not so long ago, I had pretty much written off.