Member Info for Lottie123

Totally agree. Each of the subsequent tranches are fixed cash amounts so the prevailing SP will influence directly the number of new shares issued.
With every day that goes past with no new dockings or contract wins, I expect a slightly downward pressure as the spectre of dwindling cash reserves raises the need for another issue. I have never known a company with so much potential with such frustrating delays. I still think the tide will turn but for now, we must reconcile the fact that governments are not concerned with time frames and covid is still a drag.

The first tranche payment for the yard was a cash and share consideration. The share element consisted of 784,404 shares at 38p. It did not talk of a lock up period so I guess theses shares have been part of the supply issue. It also explains the lack of urgency selling below the support line of 37-38p. The anniversary of the deal triggers yet another cash payment and share issue. That being some way off it is not a worry at the moment.

Disappointed over the SP retracing back to the 42p level. Firstly, I did not realise this contract was already in the pipeline when the Scottish Yard went under. Good it was re-born but its not all together a new deal. Looking at the make up of the consideration, I notice a chunk was in shares. I have not seen if a lock up clause was put on these but if not, that could explain the large supply of stock into the rally. I am relaxed about the pull back but should we close below the 42p level, I will be disappointed but not alarmed. A close below the ascending support, now around 38p, would make me far less ambivalent
however. Still in for the long run.

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.

I stopped with my global economic blog 5 years ago. It turned out to be a good host for the chart. It had 10,000 followers at its peak and they will all have an e mail telling them about the blog.

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.

Can anyone tell me how to post an image on here. Don't worry, it's not porn. Just a chart of INFA I would like to share as I think people would find it interesting.

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.

Norway

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.

https://www.vard.com/news/vard-wins-north-star-renewables-contract-for-three-sovs-to-operate-on-dogger-bank-wind-farm

It would appear that the big seller is still around. He looks willing to take 41/2 for size. We need to close above 42p to confirm he has been done.

https://www.tradewindsnews.com/shipyards/shipyard-berths-vanish-for-2023-newbuilding-deliveries/2-1-985975

I use IG Index trading platform which has a live feed.

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.

Large block buys are invariably a round number of shares eg nearest 5 or 10,000...or big round numbers financially.

I am of the opinion that it is the rump of a large sell order and the market has bought the stock for inventory.

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.

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