Member Info for stokey12

Chrisatrdg In relation to your 08.30 post having spent the last half an hour reading posts with theories on who H is in Line of Duty this is just ridiculous. It reinforces my fear that the ML will be held up legal wrangling. If the DAERA Minister is the statutory decision maker I cannot see how the executive can legally take the decision for him

Latest from NI Ferry https://www.niferry.co.uk/new-irish-ferries-pembroke-ship-leaves-greece-for-rosslare/. Of note is what it says about ISLE OF INISHMORE. If the maintenance work is going to Belfast that would mean a visit some time within the next two months.

spudtheplumber In relation to your 10.15 post while that may be true the existence of revenues reduces the risk of placings to pay for day to day expenses.

Can someone double check the volume. If I have seen the right figure volume so far today is rather low considering the trading statement shows revenues up more than 400% on the last year end results.

ban4118 In relation to your 08.35 post if the Minister is the decision maker then both a recommendation to refuse and a recommendation to grant the Marine License would have to be sent to the Minster for him to decide.

I have a quick read of the trading update and my initial views are:

1 I have a concern over one statement in it. It says 'he Company has been making steady progress since the beginning of the new financial year and the Company's management accounts show revenues in the eight-month period to 31 March 2021 stood at c£6.50 million.' This seems inconsistent with the statement in the annual accounts that monthly revenues are in the line with the revenues for the whole of the year.

2 I note it states that it says that regular updates will be made in the future. This is something that I myself have asked for.

3. I also note that Methil is operational but nothing is said about income from fabrication contracts. In fact we have only ever been given information about the cruise and ferry market.

4. Discussions on defence contracts seem to be progressing I would hope to see some contracts soon either direct or sub contracts.

On the whole this update gives me confidence on the future and I will remain invested and as funds allow wold look to increase my holding.

Loosegoose In relation to your 17.48 post I would agree with your estimate on likely income for the six months to January. This is assuming that INFA did not get anything for the two TV series that were filmed around Belfast Harbour.

Just seen this article from the UK Defence Journal. I note the reference to Northern Ireland. I wonder if there will be any sub contracting work coming INFAs way.

The open day is at Methil but seems to be restricted to an online presentation starting at 4pm. Is anyone attending who can feedback?

The link for my 11.02 post is https://twitter.com/Harland_Wolff1/status/1377194419858857984. Unless the barge is still at Appledore this means that there are no vessels in any of the H&W berths

Just seen this on twitter does anyone know if the barge is still there. I do not recall anything being said about it since it arrived.

ThisTimeNextYeer In relation to your 09.33 post I checked the Belfast Harbour page earlier and that information was not on so was updated within the last 2 hours. Interestingly that means there will be only one day with the dry dock being empty. Hope you are right about P&O. I note that the Building Dock has been empty for a while hopefully that will come back into use soon.

Q2 starts tomorrow so what does everybody expect from the quarter? For me my expectations are:

. We will start see the start of the award of some material contracts
. The interim results when they come out at the end of April will see a narrowing of the losses for the period from the £2,948,410 posted for the six months to January 2020.
. Confirmation of the contract with Triumph Subsea.

Loosegoose In relation to your 07.26 post I agree with you as I notes before all DAERA committed to was making the recommendation to the Minister by today. I am not sure that they ever said the decision will be today. It would not surprise me if they sent the recommendation but did not inform INFA unless they do not say what the recommendation is.

LSE03 In relation to your 18.07 post the decision on appeal to the Upper Tribunal can be found here https://www.gov.uk/tax-and-chancery-tribunal-decisions/1-cheshire-cavity-storage-1-limited-and-2-edf-energy-gas-storage-hole-house-limited-v-the-commissioners-for-hm-revenue-and-customs-2021-ukut-0050-tcc The appeal was dismissed as the decision is from the 8 March of this year it is too early to see if there is an appeal to the Court of Appeal.

Further to Loosegoose's 10.07 post the Belfast Harbour website has been updated Epsilon is due to leave at 8pm. Portaferry II will shift to the SRQ at about 11pm and will depart at 10.30 tomorrow. No information on the reason for the change of plan but seems a minor issue as it is only an overnight delay.

BlairPeach In relation to your 17.25 post any confusion is with all due respect by you questioning my use of the term revenue generating without explaining why you think INFA is not revenue generating. In fact in your 15.43 post you state 'Unlike many on this board, I refrain from hurling personal insults, but your continual use of the term "revenue generating" is troubling - I take it you do understand the concept of profit and how it is derived?' There you yourself seem to conflate profit generation which I was not talking about with revenue generation which I was.

BlairPeach Inrrelation to your 17.08 post I would draw your attention to this article which seems to support what I said in my 16.02 and 16.45 post https://www.investopedia.com/ask/answers/122214/what-difference-between-revenue-and-profit.asp. Can you provide an authority for your proposition in your 17.08 post which seems to equate profit and revenue.

In relation to my 16.02 for the avoidance of doubt nothing in that post is to be taken to mean that I think that INFA is currently profit generating. It only deals with the issue raised by BlairPeach as to whether it is revenue generating. The two are of course not the same although you cannot be profit generating without first being revenue generating. The unknown is whether INFA would have been profit generating in the last financial year if we did not have the Covid Pandemic.

BlairPeach In relation to your 15.43 post I am at a loss to understand your confusion in order for a company to generate a profit it has to sell a product or provide a service. From the money this produces you take away the costs of either making the goods or providing the service. This will give you the operational profit. In the accounts for the six months to January 2020 there is a line that says revenues which has a figure in it. This shows that in that period INFA had a revenue. When I use the term revenue generating this is what I am referring to the money received for providing a service. What definition of revenue generating are using to say that INFA is not revenue generating? At the end of April we will get the interim results for the six months to January 2021 if my belief is correct this will show revenues which are higher than both the six months to January 2020 and the year ending 31 July 2020. I would think that would amount to revenue generating.