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INFA needs to address it quick time. 7% drop suggests something leaky of the bad news kind
Trying to Bubble but sitting on a 60% YTD fall isn't good enough with nothing to pull us out of the slide it's now getting to an alarming stage for me
Just keeps getting better and better.
Another 5% drop. They'll be s0d all left shortly.
Perhaps not out of the realm of Appledore though
Hi All,
On an otherwise quiet day on here, just for a bit of fun and to help scale the size of H&W, image to scale showing a couple of Type 45's in dry dock for QE!
https://ibb.co/j49nYPZ
Hi Stokey,
Link here, if it works, to an extract of what INFA own at Appledore- https://ibb.co/F6Zp2Fg
There is a slight problem with a hill in the way unfortunately, which highest point is at least 15m above the higher level of INFA's land on the western prevailing wind side, so might not be technically feasible.
I'm not overly sure the LinkedIn post today points towards any sort of ongoing collaboration with Navantia, more a bit of PR/ remember we're still here tone. Who knows though, is one I'd like to see develop.
Those on LinkeIn- worth looking at Gray Johnstones profile, as he does make comment to INFA on recent posts regarding the LoI. To be fair, the profile doesn't do anything to build confidence that TSS were a serious customer.
Cheers
TheEast
Spot on BP.
If the statement is correct, then we are back in the court of this was blatant SP manipulation. Initial DD should have precluded a conversation, let alone accepting and publishing a LoI. Either culpable, or dangerously naive. Either way, I think the SP today suggests that it is as serious as heads should roll. I genuinely think this fiasco is serious enough to at least consider that as a possibility.
Hi Stokey,
Take your point on the EGM, and it can't be denied that the Triumph statement did read a bit like throwing their toys out of the pram, but I still maintain that if their claims are unfounded, then they are bordering being libellous.
With the drop this morning on 'nothing' in the open (yet), the silence from the BOD is deafening. They need to robustly defend the accusations, and very quickly.
I disagree Stokey.
If the claims made by Triumph carry some truth, then big questions need answering.
If there claims are not true, then their statement is probably libellous and I'd fully expect there to be a robust defence by INFA.
Instead we have a 10% drop this morning. Spiffing
Trouble is Stokey the cash flow forecast would have been based on winning a far larger amount of work than we currently have done, in my opinion.
I still maintain the volume of work we currently have must be bleeding us each month across our 4 sites. It is one beast now in terms of overheads and capital payments due, let alone investing and allowing cash flow for bigger projects.
We need big news, pronto or can see this sinking to seriously low depths to a point it will just completely fall apart. I'm less than 50% confident at the moment, and seeing the lousy director buys isn't doing anything to help reverse that
Chitta,
On one hand yes, on the other hand in all honesty are these assets or liabilities? There is a reason they cost next to nothing, and unfortunately the scale we're at means we are completely beholden to the government now. Private sector maintenance contracts and renewables will not keep INFA afloat by any stretch
It's a fair point regarding JW's lack of communication. LinkedIn has been fairly quiet across the H&W, Infrastrata and JW accounts.
Sad to read people considering their investments here, but equally I am in that boat too. A 50% fall in 6 months is unfortunately really not good enough, and nearly 10% this week alone. Need some positive newflow ASAP, including the govt turning thier words into solid actions for a change
Morning All,
Pathetic performance by the SP. BOD need to buck their ideas up, losing faith and patience with this now
Morning All,
Good luck everyone for this week. Fingers crossed we see a reverse or the falls and who knows, maybe we'll get some decent news of some sort.
Need something to stick a rocket under us at the moment.
Cheers
TheEast
How nice of them to buy them well below the placing price
Hi Chrisatrdg,
I'm in 2 minds.
On one hand, appears good news. On the other, it is still relatively tiny numbers for the scale of the operation now.
Hopefully contracts are forthcoming pronto, including a marked uplift in value, and indeed profit, as we'll be burning through through cash at a rate of knots now.
This is turning into a nervous few months for me.
TheEast