Member Info for stokey12

Chitta123 In relation to your 12.29 post I see you are not showing a strong buy. I have this week gone from a strong buy to a Buy. My reasons are the uncertainty over the Marine License and the possible delay to the Triumph order. Neither appears to be due to factors within the BoD's control.

Having read the recent note from Cenkos the possibility of a breakeven this year is not too remote to justify a hold. In fact assuming that INFA gets a refund of expenditure on IslandMagee this year that is posted to the P&L account then on the figures in the Cenkos note INFA would achieve breakeven.

RazorShultz In relation to your 15.41 I would add that if they think INFA is in its death throes they probably cannot read the accounts properly. If that assessment was anywhere near correct I would expect to see a balance sheet deficit not a surplus.

Just seen this https://www.stornowaygazette.co.uk/business/unions-seek-arnish-transparency-3234858. I think the GMB need to decide do they want jobs? If competitive quotes for work are to be put then costs have to be kept under control. I am not sure how much time JW has for unions.

Chitta123 In relation to your 06.40 post The difficulty I have with your view is that if a group of Africans or any foreign nationals were to take a majority stake in the IslandMagee project this is likely to trigger a referral to the Secretary of State. I doubt that the BoD would want to incur further delays unless unavoidable.

panda1 In relation to your 16.06 post I do not subscribe to ************* so can not provide a link. But if it is anything like previous articles from them it is unlikely to be flattering to the company. I would also observe that there is a possiblity of a link between companies he bad mouths and companies who refuse to subscribe to his services.

RazorShultz In relation to your 08.33 post that would not be much fun though.

BlairPeach In relation to your 08.12 post as I do not accept the premise of your question so I will refrain from answering it directly. I would observe that from August in addition to income from ship repair work INFA will be receiving £2.6m in monthly payments on the Saipem contract so I do not see INFA going down.

BlairPeach In relation to your 07.58 post I note you made no mention of the fact that it was also said there was a clawback provision in the deal. But then you only make negative posts as opposed to balanced posts.

Chitta123 In relation to your 07.22 post a fair summary. The only thing I would add is if I heard correctly JW said that he would not expect to come back with another fundraise for 12 months. Whether people believe that is a matter of personal choice. I wuld observe that he is in possession of more information than we are and on the basis of that information he seemed confident to be recorded as saying that.

Jabido In relation to your 20.15 post of yesterday the issue would appear to be financing with Triumph looking at a mix of debt and equity. It is a worry that the contract and related revenues are not factored in the forecasts. If the finance is sorted then the impression I have is that a contract will be concluded the question is when.

I agree with your impression of the presentation even if the Triumph contract is delayed then there would appear to be sufficient other opportunities in the renewables area from fabricating to compensate. I noted that once all sectors have been engaged the projected annual revenues is in the region of £5-800m. This would depend on the blend of the work.

ladni In relation to your 19.45 post it is the most significant potential contract so far and could only be potentially eclipsed by the FSS tender if that one ever goes ahead. Therefore if it is not landed INFA would need some large fabrication contracts to land to compensate. I was not actually expecting the question to be answered. I was expecting a more non committal answer.

An interesting webinar I note that JW got a bit prickly with a couple of my questions. I found what he said about Triumph very interesting. I would not be surprised if the June deadline is not extended,

ThisTimeNextYeer In relation to your 16.02 post I see we are still waiting for the FSS Tender which was promised for Spring this year. Well that was the last time the matter was debated. I am starting to wonder if rather than tender MOD are just going to do a direct award.

ThisTimeNetYeer In relation to your 07.46 post while you may be right I am inclined to think it is another contract which begs the question why are they now issuing a RNS in circumstances where they would not have done so before?

Si_Derman In relation to your 22.11 post I use the Belfast Harbour website which gives upto 7 days notice of vessels coming in. Also when a vessel has docked I use a double confirmation by cross checking the Belfast Harbour information with vesselfinder.com. On that basis the only information that I have is that the European Causeway is arriving within the hour and will be in port until 31 May. I have no information on any other vessels arriving within the next seven days. I am not sure if Chrisatrdg has anything else.

I note that the FSRU project was not included in the last update has there been a rethink on this project and has the land been reprovisioned so that it can be used for something else.

Bubble2021 In relation to your 07.10 post nice contract and they have a month to complete it. I note without further comment that the European Causeway is due in the drydock tomorrow.

mcadder In relation to your 05.24 post can you please confirm where these quotes come from. The jackets alone needed for that many turbines would create a market worth around £950m.

The Belfast Harbour website has the European Causeway arriving into drydock on Wednesday morning. If it is like its sister ship h=the European Highlander it might be a three week stay.

Questions for Wednesday should be emailed to media@infrastrataplc.com.