Member Info for jfk9

Hi Spud, those optimistic days of Infa now seem long gone. No doubt it will not be long beg for I am added to Xenor’s esteemed list of clowns!

Well said Speedy! Problem is JW’s ego got the better of him. He is clearly not a man of substance, he acquired a bunch of loss making assets and has taken on astronomical debt in the hope that he will secure large profitable orders without a historic track record. It is a big gamble and appears not to be paying off. I have lost a lot of money here as have others. Any potential new investors be warned, this as a high risk for at best a low return investment. I would not be surprised to see JW forced into a fire sale of IM gas storage. the only jewel in the crown.

Trin does not have a good track record and the longer we go without news the greater the likelihood of further disappointment.

JW is full of s…. And he will shortly squander IM away,

Sadly unsurprising, but nevertheless, very disappointing news. They will undoubtably have to sell IM to pay down debt then what? JW are not even prepared to meet shareholders face-to-face and by having to submit questions in advance he will be able to avoid any awkwardness. Can’t see any significant movement in share price here until substantial good news, but there doesn’t seem to be much prospect of that.

Dawski, it is good to hear that you are still about, the days of Adrian P and bottles of Prosecco a distant memory! It would be interesting to see the handouts from the December ‘18 presentation in central London when Arun set out the business case for IM. I thought I had retained mine but have not managed to locate them. Like yourself, I sincerely hope JW succeeds, at least IM ought to provide a valuable, though perhaps not particularly profitable work stream for Harl!

TDF, I don’t wish to stoop to your level of insult but you do display a degree of ignorance and arrogance. I am a well aware that circa £15 million had been spent on IM up to the end of 2018. I quoted the value of the business at that time that is not the same as what has been spent on the project.

TDF, I won’t respond to your belligerent attitude.

Xenon, back in 2018, I think the business was worth around £3m, since then very little has been spent on further development of IM as it was ready to go then. It was always clear that IM would get the go ahead because of its strategic importance, the EU recognised this and part funded development. Just a matter of time, those of us invested then would now be looking at a multiple return on our investment, had Infrastrata remained solely IM focused.

Karen, as I recall the business case for IM, as presented by Arun, was predicated on fluctuations in the spot price of gas. Buying in when cheap and selling back into the market from storage as prices peaked, facilitated by kit that could store and discharge at very rapid rates. As I recall business cases were prepared for 2 and 8 caverns with a full project cost of £300-400 million and I think a sale value undeveloped of up to £100 million was talked about. Handouts from a December ‘18 presentation put together by JW and Arun provided a fair amount of detail, alas I don’t appear to have that now.

Karen, as I recall the business case for IM, as presented by Arun, was predicated on fluctuations in the spot price of gas. Buying in when cheap and selling back into the market from storage as prices peaked, facilitated by kit that could store and discharge at very rapid rates. As I recall business cases were prepared for 2 and 8 caverns with a full project cost of £300-400 million and I think a sale value undeveloped of up to £100 million was talked about. Handouts from a presentation put together by JW and Arun provided a fair amount of detail, alas I don’t appear to have that now.

TDF not a teacher, I worked in industry. I avoid making statements about others without being properly informed. In many ways I think it is admirable what JW is trying to do with the ship yards, but I consider it it is an area given the choice I would not have chosen to invest in. I do not consider it to offer an attractive risk return profile. Whilst big contracts will undoubtedly generate substantial revenue streams, they don’t necessarily deliver a margin and there is much that can go against a contractor during and post construction. I obviously hope that JW can demonstrate an ability to deliver on the big stage, no second chances.

TDF for your information I still, for better or worse, sit on a sizeable holding despite having been diluted to hell over the years. My background is economics and business consulting. I would not bother to post here if I did not hold. I live in hope but not optimistic, as I see ship building as a very competitive low margin business which historically has had to rely substantially on state support. IM remains the jewel in the crown.

I wouldn’t count on it! Those of us who invested here for gas storage have been f……. big time by an ill conceived ego driven venture into ship building which at best may cover its costs so unlikely to ever show a decent return to shareholders.

I can’t help but contemplate what impact today’s news would have had on the old Infa share price, as that entity was prior to shipyard acquisition. Those of us who have been invested here for some 10 years would likely have been looking forward to a multiple increase in the value of our investment. As it is we may now get to see our investment back and perhaps a modest return.

Should think BP will keep his head down. Great to see this will now come to fruition which is the sole reason I invested here all those years ago. Just hope it delivers a tangible return to shareholders, I am still unconvinced about the merits of shipbuilding!

I guess a move in the right direction, it would be nice to get firm contract news. RNS for developing a proposal and working up a business case , really!

Just a thought, I wonder if today’s announcement will focus minds on finalising funding arrangements over the next few days. Harl’s negotiating position will be considerably strengthened if the JR rules in their favour. So a funder may take the view that it best serves their interest to finalise funding terms now rather than wait until after JR outcome.

Perhaps worth a punt with a few hundred quid, but nothing more as you are likely to lose it

What a complete waste of time here, get out while there is still something to salvage