Member Info for Lottie123

Still adding to position. I mentioned in the past that I thought the realisable net value of the company (x debt + saipem contract) is around 17p. I see shipbuilding booming in Asia, fabrication yards in Europe and USA gearing up for a wind bonanza and the potential for huge defence spending now that geo-political events have put the world at greater risk.
INFA is a huge disappointment, I grant you, it is however, possibly a golden nugget waiting to be discovered. Boris and NI government are a total crock of s--t. The world seems to have reached the lowest point ever for political ability. Just when you think it can't sink any lower, it takes your breath away with incompetence or corruption.

Thank you. Good knowledge Oldtramp

One reason a seller might justify at these levels is concerns that the apprx 75% rise in steel prices (past 12 months) might make the Saipem contract potentially significant loss making. Profit warnings from the big players, Siemens Gamesa and Vestas, have hit their shares hard following profit (commodity based) downgrades. Lets hope INFA bought steel forward and are not the wrong side of this price move.

Understood Stokey but any potential buyer wanting the fabrication assets could strip out any defence or energy within the company. Currently, INFA has nothing which would qualify, no defence or ML.

Are you serious? Referral of a two Bob company when billion pound defence companies are allowed to be bought by oversees companies...really mad thinking.

Korean company CS Wind buys 60% stake in Portuguese Tower and foundation manufacturer ASM Industries. This could be the start of a global rush to acquire fabrication assets.

5 companies have formed an alliance (OFWA) to raise the importance of manufacturing within the wind energy sector. Importantly, the final paragraph of their statement is very relevant to INFA. It states,
"Foundations should be supplied from the shortest possible distance, to limit the transport related carbon footprint"

I agree that the value is a finger in the air but I think the Saipem contract and facility would generate significant buying interest.

No not the Michael Jackson film. My final throw of the dice. The SP is now close to where I perceive the assets of the company to be worth through a sale, 15p. Having added to today, that is my last attempt. It is in the lap of the gods now.

I have assumed the worst possible case scenario with my valuation. That is, based on no net income. Should those assets then start to produce income, the accretive performance would chance dramatically. I an looking at the rock bottom value. I do, as a shareholder who has added all the way down, believe that revenue will be generated sufficient to generate (net) profits. As and when that happens, PEs, EBIT and EBITDA will all become relevant.

Valuation of INFA using EDIT or EBITDA is of little relevance given their fledling status. That is for mature businesses. I am talking about a valuation of its assets x debt. Mature businesses are valued more on a price to earnings ratio (PE) or sometimes sales in young tech companies. With little in the way of earnings and multiple new, as yet, unproductive assets on board, one can only really use a finger in the air value of its catalogue of assets. I feel that this should be at least 15p. With the boom in offshore energy, I am sure demand for their assets would be higher than when they bought them at knick down prices. As I say, it is subject to demand so a valuation is circumspect. No formal value should be applied using any earnings method.

I wonder what the Net Asset Value per share is. I am guessing but surely, net of debt, it is at least 15p. Maybe I am wide of the mark. As I say, it's just a guess as who knows the value of assets, bought at knockdown prices, when you fail to make material revenue gains. Might be a bit harsh given the difficulties of the last 18 months. Anyway, if it is 15p or more more...the current share price is a steal. I have added again today.

I would suggest the two 300k trades were a put through... where the broker finds a buyer and had the seller. It is positive if the stock can remain at least bid at 25p, as it implies the seller may be done at this level...for now anyway

Share prices ebb and flow. That is what makes people like Warren Buffet, very rich. He says, when all around you are losing their heads, invest. So what if there is a shorter. So what if we have to wait a little longer for good news. I still believe the future is rosy. The current fall in price is still above the low (20p) set in April last year. I have added on every 2p decline since taking up the placing rights. It will improve, in time. These sell offs are what make the real bucks if you are prepared to go against all the...woe is me.

How can UK shipbuilders compete with overseas governments subsidising their domestic industries. We, as in the UK, always abide by the rules and the net result is the loss of manufacturing/engineering jobs. We need to level up the playing field before we abide by international competition rules.

It would take no more than an announcement of around 30-50 million to change the momentum of the stock. I would expect them to never need to activate it as just the intention to do so would stop the decline in its tracks.

It would take no more than an announcement of around 30-50 million to change the momentum of the stock. I would expect them to never need to activate it as just the intention to do so would stop the decline in its tracks.

The way in which the stock opens each day (recently) tells me the seller does not want any upward movement which might induce some positive feel, thus attracting buyers currently on the sidelines. In my experience, sellers of long positions will often walk away for a period of time to test the water. This seller seems hell bent on creating a negative aurer which leads to, even committed shareholders, doubting what they believe is a strong positive future. We are getting close to the point where the company should seriously consider, yes I know it might be difficult,even expensive, buying back its own stock. Sub 25p, if the board believe in their ability, I would like to see them make an open offer for stock to be put into treasury. This current weakness offers them a chance to reverse the dilution of recent issues at what would be a huge profit should their strategy prove correct. Some might say wait until the ML decision as a NO would induce further weakness. I always believed a NO decision would see a fall to the low 20s so I think its almost discounted now anyway.

He makes a strong case for a new, low cost, multi role ship platform which can significantly raise the number of RN vessels but also drive export potential. He has also written to the MOD to speed up the process surrounding the support ships contract. All in all, it is hugely supportive of the wider government pledge to reinvigorate the shipbuilding industry. Supportive words are, as always, never enough for INFA detractors. However, this is a powerful statement of intent from a politician in the right place. Stay with INFA as the risk reward is beginning to sway in the right direction. I so hope that a major player has a significant short position. Yes, its been the right ploy up until now, hats off to them. However, time will tell and I am still happy with my exposure to this company.

https://www.telegraph.co.uk/business/2021/06/06/calls-build-low-end-ships-navy/