Allenby report on INFA: Value £56m8 Mar 2019 12:06
Out today: Allenby's new report on INFA valuing the company at £56m with a corresponding price per share (already including expected future dilution) of 3.3p. Un-risked value of £62m with only 10% deduction re FID-risk, i.e. 90% confidence that the project will go ahead, which makes it £56m risked resp. almost five times the current market cap. So, they have a 90% confidence level that FID will go ahead. Encouraging!
http://www.allenbycapital.com/research.html