Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
We are also the underdog compared to the existing duopoly of shipbuilders in the UK.
Our current government (with their 2 PM visits to our facilities) appears to want another UK supplier.
Us.
Yes, I think we could have a renaissance of shipbuilding in the UK here.
Russia and China are threatening, all western countries are upping their defence budgets, Brexit means we are now independent, offshore windfarm works are increasing, the Navantia link could be fruitful - especially with Australia and the US wanting to expand. The gas storage project at Islandmagee could be the icing on the cake.
I agree with other posters that this could end up as an excellent pension stock.
As far as I understand it each investment house will have its own limits.
You probably know this but these IIs that are supposed to invest their customer's funds wisely, can't purchase until the market cap. provides enough trading liquidity that they can get in and out of it in sizable amounts. They have to watch and wait - lol.
That gives us PIs an advantage!
I'll throw my tuppence worth in here too. I bought a good chunk here after doing research and I like the assets and the outlook and the management, but like many others I am underwater a fair amount at Friday's price.
I like to remind myself in times like this that share prices often move up and down without any link to the fortunes of the underlying company. Shares can be taken to ridiculous lows and ridiculous highs just through trading - and that offers opportunity!
Hydrogen is hard to contain and it leaks away more easily than natural gas as far as I understand it. Whether the Island McGee can store either I don't know - has it been discussed in their reports?
Yes, they don't have any cash to do that and borrowing would be costly. Companies have to put forward resolutions to shareholders to agree to buybacks as far as I understand it and I don't know if they have done that here. I do remember seeing a recent video with Arun the CFO and he didn't think it worthwhile at the moment.
If you believe in the company then this is at least a good opportunity to buy I guess.
Yes, surely we bought the leases with the name in December 2019?
It wouldn't make any sense for us to be still resident there if it was only the name we bought would it. It was clear in the article that the administrators couldn't sell the leases for anything other than ship building or industrial. The Freehold must reside with others but at least the main lease will run until 2150.
I reckon it was a very good deal at £5.1m if that is what we bought.
That article was very interesting LSE03 thanks.
So what did we get for the £5.1m?
The H&W name and the leases?
Are we paying anything yearly to the Freeholder for the leases?
Can the 2050 lease and the 2119 lease be extended?
Thanks Si_Derman. So any improvements are owned by the freeholder at the end of the lease. I guess you must be right that the loss must be tax deductable.
I have been through several of their reports but I can't find the lease/freehold details of what they acquired from H&W in December 2019 for £5.1m.
Does anyone know this?
Thanks.
I am thinking that he may have regretted saying "no plans to do this at the moment”.
The RNS reads to me to imply that a deal may be in the wings. But in fact it actually may not be and this RNS was only made to negate the 'no plans' comment and support the share price.
That may be completely wrong though. lol.
In yesterdays' RNS they said about the recapitalisation plan:
"It is envisaged that £32m will be financed through additional long term leasehold improvements, medium term asset finance and the Company's proposed new enlarged debt facility with Astra, which is expected to be completed by the end of Q1 2023"
Does anyone know what (and what value) the long term leasehold improvements are?
Good comparisons Pandafund.
That cyber attack looks to have been worse than all other years for H1.
If things get back to normal then I reckon these are very cheap.
This thread is nice and quiet which is often a good sign. It is also clear from the TR-1s that some people are accumulating.
I am very hopeful here for Friday and beyond.
90%?
It's over 600% of what it was in 2020!
2,565,248 shares sold in one go this afternoon. Is that Hoyle out now I wonder. TR1 incoming?
You have to announce 3% as the lowest threshold to cross. So one RNS left perhaps?
I agree with that Wyndrum. Yes, long term is very hard to predict and Buffett was so lucky working in the golden post-war period for the US. After the stock market crash of 1929 so many people disliked the stock market that they had crazy prices for decades.
I think short term trading of individual shares can still offer good opportunities now though. The ease and cheapness of trading makes it more possible too.