RE: Share buy back.8 Apr 2020 14:41
I have to say this share is beginning to look rock bottom and I believe will not move significantly until much later this year. Yes that snippet was slightly encouraging but in reality did not really say anything!
It's clear that H & W are not busy presently and the IM project is on hold until the ML is awarded. Therefore I do not see any positives here for a few months, maybe into Q3 at the earliest. I'm a little concerned about the current debt levels also regarding H & W, since we purchased it have we been informed of one major single contract award, say worth £5M or even 2/3M ? as far as I know we have not. The grants etc in respect of the IM project that JW held back for, will they now be available any time soon? I can't see it? the economy although it will pick up very quickly imo, will be the primary focus of the Government and new projects will be on the back burner initially until things have returned to normal, even then there will be a huge government budget deficit?
I am very sorry but I cannot see any short term positives here currently, I do think JW should have took the funding available at the time for the IM project if indeed it was there, at least some progress would have been made.
As for long term holders here I wouldn't like to make any suggestions as to what they should do, sit tight I suppose with fingers crossed that Infa will come through all of this in one piece and the plans etc all come to fruition.
For the record I reluctantly took my losses the other day and invested in AA as I see that as a safer investment at it's current level for the time being. I will be keeping a sharp eye on INFA and should there be the slightest glimmer I will be back in here.
Good luck
Mr T