The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Good @StockBoxMedia interview with Darren Hazelwood on Twitter. You can almost hear his eyes light up when the Canada - Big Bear project is mentioned. https://twitter.com/PantherMetals/status/1400097420579676162
Nice spot Stokey12. Is this the first vessel to H&W owned by Irish Ferries which is a division of the Irish Continental Group? I think we could well have a new customer.
Stokey12, in relation to your 08:28 post, I think we should ask that they post the presentation they made. If the video was corrupted that is one thing but surely the PowerPoint presentation should be made available.
Nobby31, couldn’t agree more but I don't think they have a PR department, nor investor relations. I have asked Seena about the Investor Roadshow presentation but she hasn’t replied in over a week. Apparently we aren’t worth much - just like the SP.
Found this one quite interesting. I particularly enjoyed reading the comments at the bottom. https://www.navylookout.com/the-competition-to-build-the-fleet-solid-support-ships-has-been-restarted/
I missed the investor presentation last week. Anyone know if it is going to be published or where I can get a link? I read before that it was published on YouTube and then subsequently removed. I searched again and only found the older stuff. Seems odd.
Yes Spud, the CFO should know about the accrual concept in accounting. If not, then that is even more worrying than the size of the bonus.
TTNY following your 14h05 post, I checked on the Belfast Harbour site. the European Causeway will be in the dock until 31 May. It could well be that the RNS about the new contract might well refer to the European Highlander and the European Causeway. May not be new / additional after all. The RNS said work would be completed by mid June. How would they do an additional 1.6m of work on top of these existing 2 by mid June? Hope I am wrong.
I would trust Cenkos more than JW. So far when it comes to meeting forecasts and delivering on promises, JW is so inaccurate that he couldn't hit a cow on the backside with a banjo!
Have been thinking about this performance bond for Saipem and some of the discussions about whether performance bonds would be required for future large contracts. I expect this performance bond is not only to cover the advance payment from Saipem, but also because Saipem's raw materials (steel) would be sitting on INFA premises? If I was the customer, I wouldn't like my assets to be in the hands of a small unproven, financially weak supplier. I too would like some protection in the form of a performance bond or insurance. Probably not abnormal for a start-up. Normally these performance bonds can be provided by the way of a bank guarantee but since INFA (the start-up) does not have established banking / finance channels a bank guarantee is out of the question and hence the cash was required for the bond. I would expect in the future this “lumpy” demand for cash to be reduced or eliminated. Thoughts?
Cenkos has published a new research note.
How many staff will be needed for the Saipem contract? Must be quite a few. Only 2 months and a few days until that contract starts.
Lots of work. Maybe a WDV from Triumph will be needed at some point .....
Yes. As JW says, I am confident that this is only the beginning of a stream of projects in our pipeline that we expect come to fruition. We are hugely excited about the massive potential that this first contract has unlocked.
Posted on LinkedIn today. Nice work to contribute to the financials.
https://www.linkedin.com/posts/andy-burton-45942958_highlander-starting-to-take-shape-activity-6785961033434451968-qwsd
I had a look to see if Cenkos had written any new reports - unfortunately not. I read the 12 February report again. Considering this comment we must be getting close. “Near-term opportunities. Over the next 12-18 months, management has identified revenue opportunities of £80m+, which includes: (i) fabrication of foundations and subsea jackets for a North Sea wind farm project being developed by an oil and gas major, (ii) cruise dockings from a major operator; (iii) subcontract block fabrication for a prime contractor’s defence programme, and; (iv) new build replacement vessels for a number of ferries and government agencies. It is hoped that contracts for the first two (worth c£40m in aggregate) will be signed in early 2021, and delivered this year, whilst revenue from the others may spill into the following calendar year, depending on when the contracts are signed.”
Nice picture on LinkedIn. https://www.linkedin.com/posts/activity-6783809108022702080-o5yY
https://polaris.brighterir.com/public/infrastrata/news/rns_widget/story/xo4l12r
Thanks ThisTimeNextYear, indeed a decent stay with a sister vessel following immediately afterwards? I am very interested to see the revenue in the interims in the coming weeks. My guess >8m for the 6 months. Not earth shattering but moving in the right direction: solid business, building credibility, building capability, some new customers coming in, good foundation, basic capex done with more to come for bigger contracts which are sure to come. Now for that ML RNS tomorrow morning?
Avyererdowt, yes I think he did say that. He has said many things. I was just commenting on what I thought was happening / about to happen within the normal processes. Anyway, we will know more tomorrow whether DEARA have delivered on their commitment.