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. |
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? |
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. |
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! |
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