Fih Share Discussion Threads

[cannygirl] 30/4/2024 06:16

Soz FD not FS

[cannygirl] 30/4/2024 06:15

FBS - FICs construction team. They’ve lost their second MD this year and that’s been advertised, I saw it on their LinkedIn page. As far as I know they’ve also only got a temp FS, no procurement director or support services director.

[weatherman] 26/4/2024 16:43

Only job vacancy at FIC is for merchandiser

[whackford] 26/4/2024 16:35

Cannygirl - what construction team is that? FIC people or what?

[cannygirl] 26/4/2024 15:01

Friends in the Falklands tell me the whole construction management team has resigned. Can’t be good for prospects this year - can’t go for oil contracts if you’ve no one to do the work

[weatherman] 22/3/2024 11:54

Looks like a good squid season in the FI.

[weatherman] 22/3/2024 11:52

Proposed new heliport, and discussion over F.I.Gov bonds to aid development, prioritising the oil sector.

[weatherman] 09/3/2024 08:02

Yes, well below NAV still - there was pressure on margins in H1 in Falklands due to inflation, but they were hopeful of a turnaround in H2, which is the southern summer.

[wolfofalmustaqbalst] 09/3/2024 06:13

Just stumbled on this belatedly as an adjunct to RKH as there arent many ways to play Falklands Oil - if there are others id be happy to hear

Given the port is being tendered and other Navitas tenders flying round including the one to build some sort of base in the falklands it seems the FID is only a formality and the decision has been made just not announced?

FIC seem to be heavily involved in retail, hospitality, transport, (sea and air + shipping agency) + construction so the skys the limit here

stock is sensibly priced even without the oil boom so there is huge upside and limited downside?

[weatherman] 05/3/2024 18:43

The Falkland Islands Government will fund the port development facilities, Navitas will fund their own contractors accommodation.
FIH has a contract with the FIG and MOD to build housing at Stanley and Mt Pleasant.

[crystball1] 05/3/2024 17:02

Thank you weatherman. Who will be footing the bill for the port development and accommodation?

[weatherman] 05/3/2024 16:05

See post 275 above, Navitas has asked for tenders for accommodation.

[crystball1] 05/3/2024 15:32

I am surprised there has been no uplift in the share price following this news. Are there plans to build accommodation for oil workers working in the Sea Lion area?

[weatherman] 26/2/2024 19:46

It's not clear whether they own the whole estate, or just the units 7-10, and 11 as marked on the board. It was stated as 2.5 acres, which is about 200 x 35 m - the size of the long warehouse.

[arthur_lame_stocks] 26/2/2024 18:57

Just looked it up on Google maps. The site could prove to be worth a hell of a lot. Just off Lea Bridge Road. I worked for the Gasman at a depot along there when I was a student 35 years ago.

[weatherman] 26/2/2024 17:55

It is near a railway station into London, and nearby are several blocks of flats - assume it is valued on the basis they could put up a tower block.

[arthur_lame_stocks] 26/2/2024 15:00

I was just taking a quick look through the annual report with a view to buying a few shares. Note 14 suggests that the Leyton property's market value is significantly higher than the book value. From memory they paid around £17m for this. What's it actually worth?

[weatherman] 22/2/2024 11:08

Opportunities for FIH with Navitas oil exploration, housing contractors.

[weatherman] 10/2/2024 19:00

First oil possibly recovered by end of 2026.

[weatherman] 22/1/2024 11:27

NAV 316p, mid price 205p.

[weatherman] 08/8/2023 13:03

Price falls, but it is a narrowing of the spread from 250-290p to 240-260p - but sales all around 250p

[1tx] 07/8/2023 10:47

Agree better results;reasonably priced on trading results & probably cheap on asset valuation taking into account cash & net interest in London warehouse covers most of market value.We need to see further improvement in profits in the Momart business.

The appointment of a director from the second largest shareholder might help focus matters.We should get a better return on cash this year & getting a further improvement from Momart & the ferry business might push PE ratio below 10.None of the existing businesses seem to require additional cash investment & cash on hand equals the loan on the London property we could easily afford to double the dividend & still be accumulating more cash.....

[weatherman] 07/8/2023 08:20

Great results, should be higher imo, but below the radar of most.