Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Whatamess, I too don't think there will be a RNS today. If I understand the process, DAERA make a recommendation to the Minister and inform the applicant. Assuming DAERA don't do a U-turn on their deadline, I doubt they will give the recommendation to the Minister much before close of business today. This would probably mean the RNS would only come tomorrow morning.
Seems both the Epsilon and the Portaferry II will depart this afternoon. Nice stay for the Epsilon - 24 days in the dry dock.
jfk9, I found this in the November 2020 investor presentation in the key points summary slide, "Having considered government policy and future growth trajectory, the FSRU project has fallen out of our top five areas which are wind and floating wind, hydrogen, tidal, battery and energy infrastructure." TBH, I would rather they focus on getting the ML and landing a few contracts that were included in their weighted pipeline than get sidetracked with the FSRU project.
Bubble2021, yes 2 days! I doubt DAERA will be late. They sent standard answers to enquiries in January confirming their "latest 31 March deadline" deadline. Would be very tricky to backtrack. Latest Thursday morning for an RNS right? We have waited so long for something , I can wait a few days more.
Stokey12, in the words of The BlackeEyed Peas, "I gotta feeling woo hoo". At the moment there are so many indications that something is about to happen with INFA. We have massive weighted pipelines with renewables, ML recommendation coming from DAERA in the next 6 days, Defense review, recruitments in general, specific recruitments for HR who will be needed for ramping up other recruitment, increased social media presence. So many indicators and no official communication yet (INFANIGMA?). Cannot wait to read the Interims in the near future. When I put all this together there is light at the end of the tunnel and it is probably not an oncoming train. Can't help it and despite the slow downward drift of the share price, "I gotta feeling woo hoo" and this is why I topped up again yesterday morning.
Getting ready for the bigger jobs? https://www.linkedin.com/posts/kelly-o-rourke-8b224281_harland-wolff-recently-commissioned-me-activity-6780219096333074432-8eh9
Let us not forget that there is a weighted pipeline of work to the tune of 2bn between now and 2025 - I think this was before the BiFab acquisition? I think in one of the investor presentations they outlined a bit by market and sector but I can’t remember the numbers. Doesn’t really matter since we are a 30m market cap company that has not has one significant contract yet. The instant we get one, just one, bigger contract then perception will change and the SP will change too. The market valuation is at first determined by perception rather than contracted future earnings and we have a Board that has focussed on generating future earnings without spending much time at all on shareholders and the share price (this is true to JW’s word). Maybe that was right for the longer term but now is the time for contracts and a step change in market perception.
Here are my views on some earlier comments on whether the gas storage is important or not. The gas storage project is not important for the survival of INFA. INFA has moved away from being a single project company as JW always said in the strategy. The gas storage project is maximum 8 days away from a DAERA recommendation and which ever way it goes, that is the closest we have ever been. Given that the project NPV at an 8% discount rate is 222m, I would say that it is important. To be able to sell off an equity stake, get some cash to invest in the H&W assets and accelerate expansion of capabilities without cash flow limitations would be massive for INFA. I would fight like a dog for any project worth 222m. T minus 8 days and counting.
Stokey12, have a look at these links
MRSS https://www.navylookout.com/multi-role-support-ships-for-the-royal-navy-one-size-fits-all/
MROSS https://www.forces.net/news/royal-navy-developing-new-surveillance-ship-protect-deep-sea-interests
Christrdg, yet more gearing up for something substantial.
Stokey12, I think it is the former i.e. DAERA will make a recommendation to the Minister by latest 31 March.
So much has been worked on for so long and nothing big has ever been announced. With a weighted pipeline of such a magnitude, public statements from DAERA that they will conclude their recommendation by latest 31 March, with ongoing recruitment etc all the signals are there that something is coming soon. I don’t know what will come first, but my view is that something is sure to come soon. When it does, this very low market cap will move far and fast. Gas, defence, wind, cruise etc - it is all to play for. It appears that although INFA is not as leaky as it once was, there might just be a small leak somewhere.
More HR people. This time payroll. It is happening. https://www.linkedin.com/posts/harlandwolff_payroll-officer-harland-wolff-activity-6778260942808608769-0qLl
Appledore work update on LinkedIn
https://www.linkedin.com/posts/harlandwolff_hwappledore-madeinappledore-activity-6777984391537926144-e_xB
Stokey12, I thought long and hard. On one hand I heard that H&W pay excellent bonuses but on the other hand I don't want to be a "senior generalist". Jokes aside, if JW and AR are clever enough to develop the strategy, get the acquisitions done and get this far then they are not so naive as to hire HR people if there is no need for future hiring for the bigger work coming.
Something is coming - more hiring of HR resources means building capacity to hire staff for coming contracts we don’t know about yet. It also means more overhead, but I am a glass is half full type of guy!
https://www.linkedin.com/posts/harlandwolff_senior-hr-generalist-harland-wolff-activity-6777912094420549632-KNZY
Schlum, yes agree. The NPV of the gas project @10% discount rate was 141m. @8% it was 222m. Selling 75% or 85% of the project would be big numbers.
https://www.linkedin.com/posts/activity-6777487905964208128-c7pc
Just posted by JW on LinkedIn. Been in the dock for 10 days so far.
Hi pacman27, yes there are a few things that when put together give a much higher level of confidence now compared to when the LOI was first announced. Having been through all the videos on the website and LinkedIn, I think the platform for the vessels (FDVs and WDVs) is the same. Capex will be higher and then Opex will be much lower with unmatched green credentials. Given the lower Opex and unmatched green credentials it would seem that the demand will be high and we will potentially be in from the beginning. It is interesting to look at big companies fleets and compare them to their sustainability promises - if the fleet can’t get converted to “green” then they need to invest or they miss their sustainability pledges. We could be at an inflection point.
Seems progress is being made towards the first build in Brodosplit with Kongsberg being selected as a key supplier to Triumph. The article clearly says there will be 3 more ships after this first one in Brodosplit. https://bisouv.com/uncategorized/3124570/kongsberg-to-deliver-state-of-the-art-solutions-for-next-generation-field-development-vessel/