Infrastrata Share Discussion Threads

[ijamlon] 07/7/2021 06:50

One has to wonder if the mid year trading update, which bizarrely was released one day before the mid year had actually ended (and LOI expired), was produced purely as a way to sneak in the Triumph 'news' before it was too late. Everything else in that update was a big nothing, essentially it just told us how much revenue they had decided to recognise / accrue this year from the already announced Saipem deal.

[si derman] 07/7/2021 06:43

Yeah, good post that, Terminator.lol
Thanks for re-posting. ;)

[twigbird] 06/7/2021 21:16

perhaps they'll get to build this one instead

hxxps://www.marinelog.com/inland-coastal/ferries/video-first-look-at-new-ferry-designs-for-isles-of-scilly/

[ijamlon] 06/7/2021 06:45

I take Infras side on this particular spat. Triumph were not serious and should not be proceeded with. My worry is that this was obvious to me a long time ago, so why did they make such a big deal out of the announcement originally? Was it inexperience or was it to help boost the share price in order to raise equity at double today's price level? Money that is going to spent on executive pay and the black hole of U.K. shipbuilding. Absent some big news on ML or a major defence contract, both of which look shaky, INFA stock is looking like a vehicle to endlessly milk shareholders.

[ijamlon] 05/7/2021 16:11

I'm actually long unfortunately. I come here to air my frustrations and hear other viewpoints. This message board cannot meaningfully move the share price either way IMO. Serious, market-moving investors don't trade based on people like me shouting about news that is already known. They don't even read retail websites.

[terminator101] 05/7/2021 15:10

I don''t think the shorting crew have to work hard here at all tbh, John Wood is doing a great job of being useless all by himself :-)

[milesy] 05/7/2021 14:42

Shorting crew working hard here today I see.

[terminator101] 05/7/2021 12:11

Maybe Triumph had an air fix model of a ship that they wanted INFA to glue together for them?

[ijamlon] 05/7/2021 12:07

TSS appears to be more of an idea / a chat in the pub than an actual functioning company. It was formed a few months before the announcement. There are 3 late career blokes all calling themselves something like 'head of operations', though their CVs are largely those of unremarkable journeyman contractors. Two of them were living in Bangkok. There was also a director, a much younger Malaysian called Cindy Davina. I'll let you DYOR on that. Their office was a small rural bungalow at 17 Lanark Rd, ML8. You can find it on Google Earth and Zoopla. I'd be surprised if there was a lot of ship design going on there. Chancers. Making that into a stock market announcement is an embarrassment.

[htrocka2] 05/7/2021 08:40

Shove come to push, I don't think that selling the ML should be a problem.

[ijamlon] 05/7/2021 07:07

Still amazing to me that John Wood, the CEO of a company with revenue of £1.48mln in 2020 and a mkt cap of £29mln, paid himself £1,011,707 last year. The CFO paid himself £926,168, both having delivered nothing for shareholders. That's an extraordinary compensation to revenue ratio. If there is anything remotely on this scale again there will have to be a look at shareholder and or legal action.

[ijamlon] 05/7/2021 06:51

My prediction is they will sell the ML license to an oil major for a knockdown price pre-approval (maybe with some post-approval follow-on payment) in order to generate some cash to pay for Appledore.

[terminator101] 04/7/2021 21:46

ML seems stuck in politics, be a bit like the award of some the oil and gas licences and will take much longer than anyone thinks (and that's if it sees the light of day)

[htrocka2] 04/7/2021 21:15

Terminator101...any views on the ML decision?.

[bronislav] 04/7/2021 17:39

Terminator.I think it is healthy to question a company and hold it to account,my problem is you seem to be almost obsessed and have appeared only recently so my instincts are telling me that there is more than just keeping shareholders up to date on all of the negatives with no balance which suggests some agenda.

[terminator101] 04/7/2021 17:15

Maybe in that month John wood will pull his (overpaid) finger out and keep his account up to date. https://find-and-update.company-information.service.gov.uk/company/06030687

[bronislav] 04/7/2021 16:35

Just anot her month or so of patience needed here.