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MaryBr190, not doubling up, but I had added 35k earlier this week at 38p
Just thinking on the non shipbuilding front. This is only about IMSL project valuation where DEARA has committed to a recommendation in 20 days time. The NPV @10% discount rate of the project was 141m. @8% it was 222m. Selling 75% or 85% would be big numbers in terms of cash.. Worst case 75% of 141m = 106m. Best case 85% of 222m = 189m. I guess any buyer would want some sort of risk discount - don’t know how that would work on these type of projects. INFA would probably get the fabrication and project management fees as well - don’t know how to calculate that. Either way, assuming the risk discount offsets the other income this in theory would move the SP by 3 to 4 times at least. Please check my thinking
Exactly. Moving from a front loaded capex cash out position to closing out the capex projects and moving into cash generation. Smaller work but it all helps with credibility, reputation, jobs, cash, skill acquisition, experience etc. Am looking forward to seeing the interim financials in the coming month or so.
Just saw this. First fishing boat arriving at Appledore to keep the barge company.. https://www.linkedin.com/posts/harlandwolff_madeinappledore-hwappledore-readytogo-activity-6774653390170423296-owX4
Stokey12 Yes, that is what he said. For me the contract could be immaterial, but the fact that Appedore is open is not immaterial.
From John Wood on LinkedIn
https://www.linkedin.com/posts/activity-6772825960866701312-7Atr
Tango, yes. I think March will be revealing on many fronts. DAERA recommendation due latest 31 March, Appledore starting up, many negotiations ongoing across business segments, cruise industry restarting ++. March is the month to get a few things over the line. Given that up to this point almost all activity has been about preparation and readiness, we only need 2 or 3 decent things to get over the line to see some price action.
The article on Devonlive is probably the best bit of (official?) good news as we have heard in quite a while. Two barges coming in March, 7 quotations also pending, 1 dry docking secured for March and 9 fabrication contracts at final stages of negotiation ..... and the share price goes down! https://www.devonlive.com/news/devon-news/appledore-shipyard-is-being-transformed-5017950
Like the reference to the green vessels - they are the future.. There is simply no way around it. If anyone can find a green design better than Triumph Subsea then please let me know.
2 weeks would also give time to confirm that the large seller is out. I still believe that the most recent acquisition would not have been done if the capacity wasn't needed based on the predicted pipeline of contract wins. Anyway only about 40 days maximum until the ML uncertainty is behind us. Let us remember some numbers back from December 2018 and more recently reconfirmed - NPV of the gas storage project was 222m @ 8% discount factor.
Good post TheEast. There are indeed many positives. Let us remember that despite the yards being 160 years old, this is like a startup and cash flow will always be a concern. I would hope that at some point sooner rather than later we can get some decent debt finance. If not, there might need to be another raise but considering the long term potential we are sitting on here I would prefer not to be trying to time the markets no I prefer to sit and wait until the contracts start rolling. 1.5m per month for cruise and ferry at Belfast helps, but it is not enough. I believe that the Saipem work at BiFab remains open. We are mere weeks away from DAERA making a recommendation re the ML. I believe the Triumph LOI has a bit more legs than most give credit. With such a low market cap and assets in place we could be in for a big bounce on some decent news and the seller/s being out. In the meantime I top up when I get the chance.
Must be Gresham right? This is more than 1% of the company so any TR1 would have to RNS. Since Gresham dropped below the 3% mark they would have had about 2.4m to offload if they were going to zero.
In the link I posted, replace the ********** with "**********"
JW on from 2:01
https://www.**********.co.uk/articles/infrastrata-ceo-on-acquisition-and-paul-hill-on-the-markets-and-stocks-97e8b72/
Stokey12, yes the second tranche will be for the sum of £200,000 upon the occurrence of either of the following events, whichever occurs earlier:
o Consolidated Group turnover is or exceeds £75 million in the next 24 months
o Consolidated turnover of Methil and Arnish is or exceeds £40 million in the next 24 months
I would be happy with either. Based on current run rates I estimate annual turnover would be around the 18 to 20m mark so meeting either of these criteria would be s substantial uptick.
Yes, Stokey12, first job is at Appledore.
Posted on LinkedIn - H&W advertising for a Head of Ship Construction at Appledore. Also some other jobs including 2 more business development roles. I assume you need a Head of Ship Construction to construct ships. Good news or ?
https://www.linkedin.com/posts/kelly-o-rourke-8b224281_unlock-your-career-with-one-of-the-most-iconic-activity-6764554538503421952-cWC2