Member Info for Tango1

Lets us just hope we don't get another raise next year at 30p, I do very much doubt it and expect to be at multiples of 30p by this time next year. ML,HMS Prince Phillip and a flurry of repair contracts now please.

Anything can happen, I hope INFA do break even this year, but I hope even more I break even sooner rather than later. Lots to aim for if the BOD are up to the job.

Nobby31, fair point.
I have taken my entitlement lucky really as my deadline was today (apparently).

I can't see us being taken over until we have a decent order book, Agree with statement regarding Chairman (and have for a while), not bought any shares and not contributing anything "Material". With lockdown now virtually gone we should see a significant ramp up in orders if not something will have to change at the top.

I hope the ML comes after the placing not before as could subdue the rise IMO. But just to get it will be great.

Not yet Bubble but my brokers are slow :-)

Stokey 12- £5m-£800m Annually is a bit of a range, don't think I would get away with presenting that to the BOD LOL

mrozzy, I do not see it as a correction RNS as the threshold dates are 2 days apart, if it were a correction the threshold dates would be the same, Kilik have bought more. IMO

Well I for one am happy that contracts over £1m are being reported, It will make a big difference going forward.

Loosegoose- I think you are partly correct, there will always be a need for a performance bond for large contracts BUT once we have the confidence of the banks/ Financial community etc they will underwrite them IMHO

JW has greatly increased the business scope/Footprint without improving credibility so anything of value will have to be self insured until we gain a track record/Credibility.

Performance bonds are insurance, If you are 17 and just passed your driving test and try to get insurance for a Bugatti I think you know the answer from the insurer.

JW states performance bonds are normal, And he is correct but only for risky contractors and any contract of significant value will require a performance bond, they can be underwritten for less risky companies but companies like INFA with there current balance sheet they have to foot the bill themselves.

There is lots of JW said this said that, And I have heard and read all of the promises, I am now at the point where he needs to show us not tell us of the promising future ( I have had that for three years). There is talk of financing capitalising so far we have raised £26m for a £26m con tract that we stand to get max £5M. empty docks don't pay wages and neither does empty fabrication buildings. The raise has secured another 3 months, Major uplift in EBITDAR REQUIRED before July or rinse and repeat.

Sanderling, if you look at the voting power of the II's it would not make a difference which way PI's voted DYOR.

We need more ships into dry dock we can not afford to have the main dock empty for months on end, ship repair is the bread and butter and without it we will starve, Now we are getting out of lockdowns I am hopeful that the ships will dramatically increase in preparedness for the cruises etc I would call INFA (now the placing is successful) a medium risk high reward play but definitely not for the faint hearted. Getting a positive outcome for the ML in the short term would be the transformational catalyst AIMHO.

Razor, we have had no release of fabrication work to start until July, and a few ships a month will NOT cover the running.
The main requirement here is FID for the IM project that should inject transforming revenue into the group and we can not wait till the Autumn IMHO

jfk9- I'm not putting any more in, not to be in the same position 12 months later, INFA need to start performing, empty docks empty fabrication yards and an ever increasing payroll. That is probably what the II's are thinking. It is ok spouting "PIPELINE" well after 18 months nothing of any significance has landed, the £26m contract was already there (accept it needed converting).
It is OK for JW and Arun they got there money back and a load of shares. until there is a significant increase in turnover I will keep sitting on my hands, If JW and Arun give the £2m back that's 50% of the performance bond.

Looks like the Bonus decision is showing its effect. AIMHO

Bubble2021- I Really hope I am surprised, but if they needed £4m for a £26M contract how much do they need for a £200m contract? Still going to hold but not holding back my anger at the recent discount to the SP.