Member Info for stokey12

Avyererdowt In relation to your 10.49 post I would refer you to the interim results that were published in April which showed earnings of circa £5m up from circa £0.5m in the corresponding period in 2020. INFA is earning although not as high as some of us would want.

Dipsy-TinkyWinky In relation to your 13.48 and the turnover requirement. As this would be a consortium bid I presume that the MoD would look at the turnover of the consortium. In any event if INFA meets all the other conditions a Ministerial direction could be given.

Are we going to get a decision on the ML soon. The reason I ask is that I have just seen this on the INFA Twitter account. https://twitter.com/InfraStrata_Plc/status/1403360442148347905. I wonder why they are promoting the benefits of IslandMagee now what has changed.

spudtheplumber In relation to your 17.35 post when a poster plays the man and not the ball as you did in your post it indicates that they do not have any real argument to what is being said. If you had you would have put them forward.

Karen01 In relation to your 16.49 post I agree with you that this is not the time to change strategy as there are external factors which support the proposition that things should turn within the next 12 months. That being the case to change strategy would like cause a greater loss to shareholder value than to keep with the current strategy. I am reinforced in this view by the most recent brokers note from the inhouse brokers. That said the current BoD are failing to deliver either capital growth or income growth. The BoD needs to deliver one or the other in short order.

RazorShultz In relation to your 09.40 post I note that the RNS says that they expect breakeven this calendar year. However, I also note that the inhouse broker in their last note is looking at breakeven next year. Having read the brokers note and the calculations on which they base their opinion that breakeven will be next year I am of the view that it is 50/50 whether breakeven this year.

On checking the past RNSs I note that David Ryan is due to step down as CEO at the end of this month. There has been no news of his successor. I note from the 20 November RNS that Tim Yeo will Pro Tem become the Executive Chairman. I wonder why they have not been able to find a replacement in the seven months since the announcement that DR will be stepping down.

I think we may need to separate two distinct issues. Firstly is the current strategy appropriate. There is a divergence of views on this. My view is that the current strategy needs to remain in place for the next twelve months. This is to see if the number and value of fabrication contracts comes to put INFA on a sustainable footing. The alternative at this stage of just progressing on a single project is unlikely to bring in a greater income. Also is unliely to lead in the short term to an increase in the SP. Secondly, the question is whether the current CEO is the right person to execute the strategy. I am open on this. I note the way he answered some of my questions at the last roadshow. These answers gave me pause for thought as they were defensive and gave the impression that he did not like constructive criticism.

Capdevila11 In relation to your 16.11 post where I have made comments I have made the basis of the comments and where it is based on information I have clearly stated the source and where possible provided a link. This allows anyone to challenge my view. This differs from the derampers on the board who post negative comments without providing the basis.

On the particular question of the Dublin Swift my comment was based on having looked up Irish Ferries and noted that Irish Ferries is part of a group of companies.

The Dublin Swift has now departed and is en route to Liverpool. The completion of this repair on time should put INFA in good stead for more work from Irish Ferries and her sister companies.

Capdevila11 In relation to your 13.25 post not necessarily as they would have to remember something from last August. So there is a chance that they would have forgotten about it.

The share price has to improve within the next two months as the next instalment on the purchase price for Appledore is due in August. This will include I think it is £300,000 payable in shares.

Just seen this https://ukdefencejournal.org.uk/why-must-british-warships-be-built-in-the-uk/ the wording of the answer is interesting. It would seem to imply that if Team Resolute was to win the FSS competition all three ships will have to be built in the UK. I think the original idea was for two of them to be built in the UK.

Just seen this https://www.linkedin.com/feed/update/urn:li:activity:6808294523395960832/ promoting Methil. Would love for these enquiries to convert to nice big contracts.

Nobby31 In relation to your 12.43 post with the sudden spate of hirings I would expect something to be in the offing. Probably Tango getting ready to buy us all dinner at the London Roadshow.

Tango1 In relation to your 10.45 post it is the end of the month I suspect it will be the last day of the month.

oldtramp In relation to your 19.17 post strictly speaking it was a quote from a submission to a Defence Select Committee Inquiry. As opposed to being from the Committee.

Si_Derman In relation to your 18.53 post I have insufficient information to comment. Sounds like a troublemaker though.

The Harland & Wolff submission is on the second page of the list of written evidence it makes a very good read sets out the position well and has sound recommendations,

In relation to my 16.18 post the submission is the third one if you click all written evidence you will see the rest of the submissions including from BAe.