The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
https://twitter.com/PantherMetals/status/1431212901193367555
https://twitter.com/darrenhazelwood/status/1431216871660040194
Exactly levistubbs. I am interested to see the response to the Aussie IPO. We retain just under 40% of the newly listed company that will have significant cash reserves giving a great platform for the future.
https://www.linkedin.com/posts/harlandwolff_madeinarnish-activity-6835938885185495040-M5lf
Over the last few months, the Arnish team has been busy...
? Developed an equipment power up plan and a maintenance schedule
? Developed an Approved Vendors List (AVL) of local and national companies to supply and perform site services
? Cleaned up the yard and its surroundings, cleaned up the fabrication halls
? Developed a yard layout and traffic plan
? Put plans in place to upgrade signage and IT infrastructure
https://twitter.com/darrenhazelwood/status/1429767163578130432
Let’s try this link. https://twitter.com/firstclassmetal/status/1428404053097295877?s=21
Replace all the **** with firstclassmetal
Things are moving. https://twitter.com/*************/status/1428403106409242631?s=21
Some of the buys are mine. Now up to 750k and building slowly. News is overdue - especially on the specifics of the Aussie IPO. Bring it on!
Well, this is dismal to say the least. No news, radio silence and destruction of shareholder value. We now sit with a market cap of 24m and dropping. Let’s put that into perspective against the last 3 placings and open offers that raised around 28.4m cumulatively in just 12 months. THE CURRENT MARKET CAP IS LOWER THAN THE CASH RAISED IN PLACINGS IN THE LAST 12 MONTHS. The placing on 10/7/20 shortly followed the FSRU announcement and the arrival of the 3 x Viking ships. The 23/12/20 placing shortly followed the LOI with Triumph. The recently heavily discounted placing and open offer was shortly after the Saipem contract – this is the only announcement that has come to fruition. Has there been a pattern of window dressing ahead of placings?
Stokey12. That would contribute but the facility would not be large enough to run up the interest expense increase in the estimated year end numbers. Probably estimating that a new debt will be possible. I hope this is the case else we face certain further dilution - when you look at their cash flow forecast.
Anyone notice the rather large interest expense in the research paper for the FY estimated results for 2021. If there is interest then there needs to be debt. Last I understood was that debt finance had not been secured and could not be secured until revenue and credibility improved. If there is indeed debt finance as indicated by the interest charge, then that would reduce the high risk of another placing.
Thanks Stokey12. Maybe Karen01 can help us - given we can’t find any publicly available information to support her assertions about the big name IIs.
Does anyone know which new IIs joined? The significant shareholders section on the website hasn’t really changed and there were few TR1s. Killick @ 12%, Lombard and Allianz each @9.5%, Spreadex and Octopus each just above 3%. That should indicate that no single II took more than 3%. Could this be correct or do they chose not to declare when they go above 3% ? Would be nice to understand who took the >30m shares.
Stokey12, was thinking the same. I have done many such deals with multiple export credit agencies in a number of countries. These things are not simple given their tripartite nature and they take time and are not “cookie cutter”in any way. They require a lot of financial disclosure, approval, discussion and customer time which means a lot of lead time before each new contract. I truly hope INFA are geared for this or that there is a blanket facility (which I have not seen before). Nonetheless we can hope there is a repeatable business model that has been put in place. It is all about repeatability..
… is on its way. https://www.vesselfinder.com/?imo=9424883
My views on the trading statement. Confirmation of Azura arriving at SRQ for a few months for minor repairs and now we see it in the way. Saipem moving and hopefully some of the performance bond will be released before the contract is completed. I like the financing product for cruise repairs and would like to understand a bit more - critical differentiator and not bad considering INFA has had problems getting reasonable debt finance. Higher value ferry contracts - comes with a bit more credibility in the sector. Exit from the Triumph LOI - I don't think this is the last we will hear about this. Preparing representation to convert IM from gas to hydrogen - good news for the future. In the meantime the wholesale price of gas to NI keeps going up on supply squeeze. Basically everything painted as rosy except the share price indicates otherwise. It will take a long time for the BoD to get sentiment and market credibility back.
The primary purpose of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility. Clearly, despite promises and pipeline and whatever else, the BoDs is failing in their primary purpose. Either it is their ability, the market conditions, poor communication and investor relations, perception, strategy or a combination of such factors. No matter which way you slice it the primary purpose is not being met - easily measured by the share price. No more excuses and stories please.
Ban4118 I don’t know about a shorter or not but there is certainly an odd pattern of selling. I doubt there are a multitude of sellers each selling small amounts of shares at such frequency. More likely some type of manipulative behaviour. It is all a bit odd and should be looked at.
Chrisatrdg, I think the Board committed to quarterly updates. There should be one due by the end of this month if I remember correctly.
Thanks Chitta123, interesting posts today. I am interested in hearing a bit more about the drill data. Was this a recent purchase? If so and if INFA was the owner then surely 900k income - cash would justify an RNS. Is this what you were referring to in your earlier post? I do hope something positive is finally coming.
Just read in the FT that the plan to build UK trade ship will break WTO agreement. Experts have warned that it would be hard for the UK to avoid allowing international competition to build the ship unless it was an actual military vessel. Emily Thornberry, shadow trade secretary, said the government had failed to take “the most basic and simple steps” to guarantee the boat could be built in Britain. Will be interesting to see how this one pans out - might impact the 6 month timeframe to start the build.