RE: New Royal Navy Ship announced by Ben Wallace21 Mar 2021 09:57
Chitta123 In relation to your 09.35 post I am in partial agreement with you. I agree that the way that INFA have been increasing staff including in HR implies that they believe that contracts are imminent. As I understand it if a contract is signed and it is material then an RNS or other notification to the market should follow. When something is material is a bit subjective for instance when I asked on LinkedIn JW said a RNS in relation to the barge at Appledore was not going to be made as it is not material. However other people on the feed thought that the fact that it was the commencement of commercial operations at Appledore did warrant a RNS. As to why we have not had an announcement yet there are two possibilities. Firstly, it could be that the contracts signed so far are not deemed material and, therefore, do not need to be disclosed. That is assuming that there have been contracts. Secondly, the work that INFA is aware of relates to MOD work and is tied in to the Integrated Review and this has caused a delay so as not to preempt any statement in the House of Commons. Of course it could be both reasons.
I am not convinced about the importance of the Islandmagee project and the grant of the Marine License to the fortunes of INFA going forward.