Member Info for Lottie123

I am not suggesting sellers are a bad thing, I am pointing out that in the last few trading sessions, the positive news has attracted buyers amounting to several percent of the share capital. Without solid momentum, a share can often stall. If a positive trend with new highs cannot be established with positive sentiment, it will languish when things go quiet. That is exactly what this large seller has created.

The large seller is still around. The sizeable volume over the last few days reflect both the positive H &W prospects and the recent placing overhang. It will be interesting to see how long the sellers persists. Until this overhang is absorbed, only the granting of the ML or a significant positive earnings update can break the 46p resistance. Interesting times.

Wattamess...not sure what you are getting at. I did not say I could predict 90% of trades just that I could tell of the direction from the historical flow on this site. As for wealthy, not really but comfortable. I have being trading PA, off and on for 40 years, having held companies throughout the world. If you can make money on 6 out of 10 investments, you will do well. Good luck to you and I wish you continued success.

I believe, from experience, I can tell the direction of about 90% of trades. I do not have a lot of AIM knowledge and have no intention of changing that. However, I started in the early 70s in Merchant Banking then onto stock exchange as a jobber...i finished my career with Merrill then Lehman brothers broking European shares to major institutions and government funds.
As for the comments about shipping....i spent a lot of time in Athens during several Posidonia and had many big shipping companies as clients. Although 90% of goods have travelled by sea, either as finished article or component/commodity, it is the last bastion of huge pollution in transportation. If INFA is to be successful, new propulsion and hull design will be the biggest winner, not competing with the mostly bankrupt yards of Europe. These yards will keep margins for maintenence rock bottom.

With little, other than positive comments and a few ships docking for refurbishment, there is little upside potential for the share price given the large, persistent seller. Of course, it may be several. Without concrete evidence of positive cash flow and orders books capable of justifying the significant increase in spending (employees, legal ect) all the strong buy notes, from brokers, will be unable to drum up enough buying interest.
As the old market saying goes, Where There's a Tip...There's a Tap. In this case, the brokers did well to get away the latest funding but it appears, in some loose hands. In a recent survey on bloomberg, the number of institutions shunning fossil fuel investments has and is, growing rapidly. If this was a story of great shipbuilding success alone, I think the audience would be larger. The fact is, the big story is gas storage. I remain committed to this investment but as I have stated before, reduced my exposer due to the seemingly never ending delay of the ML. The longer this situation continues the more I feel the environment lobby is gaining the upper hand. In October, with no news, I will reduce still further.

See today's Daily Telegraph

https://www.bloomberg.com/news/features/2020-09-09/climate-natural-gas-is-the-rich-world-s-new-coal?srnd=premium-europe&sref=RCarYcNx

As the government offered Bab**** a £60m contract to keep it (Appledore) afloat, forgive the pun, it is likely, following the visit by Boris yesterday, that a similar offer will be forthcoming. Additionally, I read that the yard was once a serious builder of trawlers. If Brexit can deliver the return of our costal fishing grounds, our fishing fleet would undoubtedly grow once again. As an example, Grimsby went from several hundred trawlers, pre EU, to just a handful post EU.

Providing the government follows through with its regional regeneration commitments, it makes some sense. The IM is positive in that it gives a short time frame for decision but slighly concerned by the need for such pre-emptive, high powered, legal advice. Lastly, I would like to know if there is a traditional LOCK UP period for the new shares issued (re Appledore). If not, it may be yet another large seller sitting on any upward momentum.

Interesting article. I used to be a broker to Gresham House in the 1990s...I particularly liked the basis of their investment...Undervalued Free cash flow generation and not book value. If a major shareholder believes profitable revenue streams are not being discounted (by the market) they must have a reason to believe that. I can only draw the conclusion that, along with their perception of potential (in INFA) they have been given some reasoning to come to that conclusion.

No probs Pacman. I am a happy holder since the Daily Telegraph article late 2019. I do not see why the PR dept have not highlighted the placing success in the media. Anyway, I have added on several occasions from 35 to 23. I was hooked due to the IM potential. Now that things are dragging on, I am becoming a little concerned that the objections are far weightier than I had assumed. With that in mind, I am going to take a few coppers off the table each 10 days or so, providing still at or above these levels, if no ML details emerge. If however, we see a close above 46, my positivity will be re-invigorated and all position reductions will cease. I only account for less than 50,000 now so not a big impact on supply/demand. Good luck all those aboard the good ship INFA

More than happy to be wrong. I can't see the mention of 1.892m you mention, only the reduction in voting rights. I am new to AIM and find these shareholders notifications poorly designed.

Forgive me if I'm wrong but that looks like a trading spread broker reducing their holding on clients behalf???

Yes, packman, I agree. Having been an institutional salesman during many placings, we were always given the positive story to help push things along. Given these guys had to place such a signifucant percentage of the company, I would love to know their sales patter (on INFA)

35p BID that should read

with little by way of communication from the issuing House, we only have the share price to indicate how successful it has been. Once the stock goes 35p in the market, the likelihood is that the deal is done.

Divide holdings by 100 and multiply closing price last night by 100. Holding value remains the same. Hopefully, price will be 36p at opening this morning

Its just a few takers of the placing flipping their allocation I guess. They probably took stock to show good faith with the issuing house.

Tango. I agree, it would appear illogical but if the ML gets the go ahead and you want to finance such a huge project without diluting it, as expressed previously, you need to get II involved. This is a way of throwing some corn on the ground to get them on the share register and buying into the long term prospects, funding requirements, of what will hopefully be a significant company. I don't like dilution when prospects for significant growth exist but I CAN see the logic. I respect your opinion and hope we are both rewarded with a positive outcome.

Just a thought. To have the right to buy shares in the rights issue (2nd tranche) you have to be a registered shareholder. This is a clever move by the board to get new shareholders in via the 1st tranche open to new, not existing shareholders. If the ML gets agreed between now and 27th July, existing shareholders will be able to buy shares (guaranteed at a ratio to existing holding) at what will be a huge discount. This could be a serious reason to be a holder. I cannot believe the board would take this route if they had an ounce of integrity and thought the ML would fail.