RE: Can’t sell any tiny amount at all16 Apr 2021 08:30
As we know, the close above 42p was the first sign. The close tonight is very important if this particular contract is to lead to more gains. If the SP closes above 52p, it is very likely blue sky pricing will prevail. 60p would represent light resistance but my target would be 80p in the short to medium term. I expect some excited profit taking this morning but hopefully a firming price nearer the close.
Thanks Paul. I wanted investors to see the chart as I do. If you double click on the chart, twice, to enlarge, you will see the line of support I have drawn. The spike above 50p was the LOI announcement.
Appledore would be perfect for the construction of the talked about new vessel, potentially named after the Duke of Edinburgh. It would have several roles including training and hospital in times of conflict.
For those interested. INFA. Today saw the 20 day moving average (MA) cross the 50 day on the upside. The last time they crossed was late Jan, on the downside, when the price closed below the recent issue price of 45p. Strong support is still evident at 37p with multiple supports but likewise, on the upside, 42p is a strong resistance. A close below or above those two points would imply a continuation of trend. There remains a large seller happy to take bids of size. Keep the faith.
I agree it sounds a bit way out but when they were just oil companies, transportation and rig costs were small fry compared to the value of turnover or assets (oil and gas) they were producing and selling. Green energy is a different animal and it will take far more infrastructure costs per kwh produced. To control that cost and maybe supply others, when demand may create a shortage, might seem worthwhile. Its just a thought.
RE: Competitor wins new builds for UK windfarm.07 Apr 2021 07:25
It seems our best hope is that all the other shipbuilders full order books. China signed the biggest ever new build contract worth $1.5 for 13 new container ships. Demand is huge out there for global transportation. Consumer demand and corporate investment spending are on an inflationary collision course. Surely some of that should rub off on INFA soon.
Keep an eye in the touch. The very narrow touch or bid offer spread recently tells me the market was working a large order. The fact it has reverted to 3p heartens me that the big seller is out if the market. Weather he is done or not remains to be seen.
Share prices, historically, have long quiet periods. INFA is no different. Yes, sellers are having an impact but the brokers trying to drum up interest need to have a few of the long term questions/promises, answered, before the malaise or dull drums can be put behind us. The government are holding fire on major spend (x health) until the economy is totally unlocked. The ML decision is still a thorn but the clock is running down. The LOI is still being negotiated. Looking beyond the covid difficulties, I am optimistic the yards will win attractive business. I hope dearly that 37p support holds but given the size of the selling, it may give way to 32p...if that happens, it represents another chance to own an asset way below its potential value. Keep the faith.
Decent buys with no price movement tells you one thing, more than ample supply. Currently at an impasse. If we go 41p bid, it would suggest supply may be done for now and further gains in short term. If we go 40p offered, supply is still huge and the now hugely important support of 37p will be threatened.