Member Info for stokey12

Loosegoose In relation to your 08.51 post Epsilon is according to the Belfast Harbour website not due to depart until noon on Thursday.

INFA together with BAB and Thales are the three Platinum sponsors for this event which is on for the next two days starting tomorrow. Is anyone going to it?

Just seen this tweet from the Leader of the House of Commons confirming that the Prime Minister will be making a statement tomorrow on the integrated review. https://twitter.com/CommonsLeader/status/1371456281790320640

RazorShultz In relation to your 14.41 post if INFA gets a series of large contracts then during the course of this year.

Jabido In relation to your 13.26 post the BBC Parliament Channel will probably have it live. Also the BBC might tweet it live on their twitter feed. My preference though is ParliamentLive accessed from this link https://parliamentlive.tv/Commons. You may have to view the full guide to find the feed from the commons.

All being well I will try and upload a recording of the statement around 1.30 tomorrow. If the share price starts going up around that time it means that something good was said.

Speedy_Gonzalez In relation to your 03.25 post I saw the same story on the BBC website. Contrary to what the guardian says in the article the review is being published tomorrow it is Defence Questions today. I would not be surprised if we get more leaks today.

In November amongst the things that Boris Johnson said that were to built was research vessels. No further details were provided so there is no indication as to how many or what type of research vessels are to be built. Cammel Laird built the Resarch Ship the Sir David Attenborough. However they completed it late. INFA has recently dome a refit on the Celtic Explorer and as far as I recall the refit was completed on time. So when the contracts for the research ships go out I would think that INFA will be in a good position to win the tender.

dawski37 In relation to your 11.20 post I note that the local opposition have had the time to raise funds for any potential JR. In a case like this they are unlikely to ask for expedition so they could ask for an interim injunction to stop the license being processed and then wait for the proceedings to take its time. The main problem then with the delays which could take time especially if we have appeals.

Loosegoose In relation to your 09.24 post I note that the LOI with INFA is for a Windfarm Development Vessel and the article refers to a Field Development Vessel so I am not sure if they relate to the same thing.

In Q2 we have the possible Triumph Subsea LOI due to be firmed up into a contract the value being between £350 - £700m depending on whether the contract is for one or two vessels. In addition hopefully we will get news of tender wins in relation to tenders from H1 2020. If there are any tender wins then the financial year end order book would look very healthy.

If the Marine License is granted then there is a suggestion that the local protest group might launch a judicial review of the decision. I am not sure how backed up the Northern Ireland High Court is but if it is anything like the English High Court such a move would tie up the process for upto two years for an initial hearing and then even longer if there are appeals. In such a scenario the question has to be asked at what stage does INFA say the ROI means that the project is no longer viable.

Having done a quick check on Google if INFA gets the contract for either the Type 26 or the Type 31 Frigates that would be a contract worth in excess of £1Bn. It would also probably be a bit of a gamble so it may be that INFA will get the FSS contract which is also valued at around £1Bn. It would be interesting to see if INFA get any of these as they would be set for a few years.

Chrisatrdg In relation to your 11.08 post apart from H & W are there any other shipyards in Northern Ireland?

BlairPeach In relation to your 19.30 post of yesterday with all due respect information in the public domain does not support the contention in your final sentence. The only financial information in the public domain are the accounts for the financial year ending 31 July 2020 which show a £10m loss. Those accounts would reflect the impact of the Coronavirus on both INFA and its customers. There is unverified information that would suggest that if we did not have the Coronavirus pandemic the financial year to 31 July 2020 would have ended in a profit.

The interim results for the six months to 31 January 2021 are due by the end of the next month. Those results will show a marked improvement in revenues on the six months to 31 January 2020. Further the results for the full year ending July 2021 which are due by 31 January 2022 are from all information available likely to also show a marked improvement in revenues for the year. The results helped by the December 2020/January 2021 fundraise which would have covered some of the capital expenditures which have been made recently. In addition there were some favourable changes in the 2021 Budget that would aid cashflow. Taking all these facts into consideration and excluding the impact of the Integrated Review I can see INFA surviving regardless of what the decision is on the Marine License. Perhaps you can share with us why you feel that the loss of the Marine License would mean INFA is dead.

whatamess In relation to your16.59 post I am inclined to the view that the impact on the share price of the ML not being granted is dependent on what defence or other contracts appear between now or then. We will have the integrated review statement next week followed by the details on the implementation of the review probably the following Monday. If those indicate significant contracts going to H&W then this could offset the refusal of the ML.

On Wednesday next week the following Westminster Hall debate will be held.

16.50 - That this House has considered the disposal of unexploded ordnance for offshore windfarm construction - John Nicolson, Sir Roger Gale, Stephen Hammond and Sarah Olney.

Tango1 In relation to your 09.30 post BAB and H&W are both platinum sponsors of the conference on the 16/17 I presume that is the one you are thinking about.

Infa are exhibiting at a major shipbuilding conference next week which has three government ministers speaking. I am not sure if they are speaking as well but if they are then unless they are just going to give bland information about the company they will need to issue a RNS on any major news. Looking at the times of the conference and mapping that against the times of sittings in the House of Commons I would not expect to hear anything until the second day.

I wonder if in the run up to the Integrated Review will we see an uptick in the share price? That would probably depend on the leaks over the next couple of days.