Thank you weatherman. Who will be footing the bill for the port development and accommodation? |
See post 275 above, Navitas has asked for tenders for accommodation. |
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? |
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. |
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. |
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. |
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? |
Opportunities for FIH with Navitas oil exploration, housing contractors. |
First oil possibly recovered by end of 2026. |
NAV 316p, mid price 205p. |
Price falls, but it is a narrowing of the spread from 250-290p to 240-260p - but sales all around 250p |
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..... |
Great results, should be higher imo, but below the radar of most. |
Excellent results and worth around a quid more IMO - comme d'hab... |
Two trades of about five-and-a-bit grand, and the price is down nearly 10%. Maybe due to Labour seeking to ban oil exploration - but FIH hasn't been dependent on oil for many years. |
This Company is very undervalued
Partly due to the odd mix of its 3 subsidiaries and poor liquidity
Patchy previous performance has also not been inspiring
Now it's sitting on a pile of cash which at least is earning something
The London Storage building could be worth a good bit more than its purchase cost
I also like the fact that one party holds almost 30 % which if acquired could be a stepping stone to full control
The possibility of oil production around The Falklands is unlikely but is in the mix for nothing but with massive upside
A decent dividend policy going forward would make the wait until full potential is realised a bonus
Inheritance tax relief as a AIM share and everything else makes me happy to pick up stock when available |
Yes, a muted response seeing it was at 269p a few days ago - small trades move the price here. But good news on finance. |
Excellent update. I think this share is misunderstood (nomenclature!!??) and is worth around 350p.
V muted reaction as per... (illiquid) |
Nice update! |
hxxps://es.mercopress.com/2022/11/16/gobierno-de-falklands-se-prepara-para-pronta-reactivacion-del-proyecto-petrolifero-de-sea-lion? |
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