Rerate20 Nov 2020 11:41
Glad to see us get the 10% rise I predicted, albeit a day later than anticipated :)
It's amazing to think this time last year we hadn't even completed the acquisition of H&W. It looked at the time a very bold (risky) call for INFA of all companies to be taking on a loss making monolith out of admin, sold mainly to investors using the rational that it would reduce fabrication costs of IM by 15% or something. Fast forward to today and we are the owner of not one but two shipyards and the government has just announced the biggest defence spending boost since the Cold war with the stated aims of sparking a "shipbuilding renaissance" and making Britain "the foremost navel power in Europe".
What's great is the implicit desire to strengthen the union and bring work to all four corners of the UK, no bad thing when you own shipyards in Belfast and North Devon ;)
Anyway, considering the SP performance since acquisition I believe this quite simply has to rerate, £1 on sentiment alone IMO.