Infrastructure India Share Discussion Threads

[letmepass] 02/4/2019 07:10

Boom 8p come on

[escapetohome] 27/3/2019 09:19

Ive bought a few hundred pounds worth here, as a complete gamble.

Realising i may lose the whole lot!

But prepared to take a gamble, huge spread so already lost a chunk.

[escapetohome] 27/3/2019 09:08

When can we next hear from this outfit?

[noirua] 24/3/2019 01:33

I think they are trying to complete construction of the terminals at DLI. Every time they raise cash this dilutes the value to IIP. The interest rates at 12% and 7.5% are not helping. GGIC hold 75.4% of IIP and they must have a plan with 3 of the directors at IIP on the board of GGIC. The other two companies holding 8.52% are just sitting there.

In due course, if nothing is done, IIP will have to hand back DLI to GGIC and its subsidiaries, to cover all the loans. If GGIC accept this then maybe they will pay a sum to IIP as well. If not their 75.4% stake would be worthless. The other option is to find a new buyer or funder for DLI.

My own view is that GGIC themselves with directors at IIP must be able to do better than they have so far. IIP and GGIC are the same company director wise if not in fact. GGIC should, imho, immediately bid for he 24.6% of IIP's shares they do not own as everything has gone wrong since 2011. At this stage I think a fair bid would be 10p a share costing them £17.6 million US$23 million.

Many would have big losses at this price of 10p a share.

[noirua] 23/3/2019 11:26

All of us probably have some difficulty understanding what is going on with these continuous loans being taken by the company and why approval was needed to conclude the last deal, sale of DLI, or in fact why the one before that also fell through. Also why the loan interest rate is so high at 12%.

Directors of IIP:
Three directors are also directors of GGIC that provides loans via its subsidiary Tom Tribune, Sonny Lulla and Rob Venerus. The latter being a non-executive director. The remaining two directors are also non-executive directors. There are also three key personnel named.

GGIC hold *75.4% of the company's shares so talk of replacing directors is just plain foolish. Three are the keystone providers of loans. Two other companies own 8.52%. *including 337,607,041 ordinary shares held by Barnet Holdings, Ltd., an affiliate of GGIC.

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The Year Ends 31 March 2019. Last years Annual Report:

[noirua] 22/3/2019 17:19

The Hong Kong company UVEL rose in 2017 from about 0.8p up to a maximum trade on the day of 5.8p. If you check you will find I held shares going back to 2012 and was always bullish on the company's prospects, YES I was right. I made a profit of £122K on the day and many others did also.
My main trading is in Hong Kong, Singapore and Australia.
The main company I'm known for was Felix Resources ASX:FLX, rose from 35c in 2003 to $22.00 in 2008.

Many shares take time to flourish and of course some do not. I've had my share of those in the 2011 - 2016 mining decline. Hopefully the winners will out do the losers.

Do not invest on AIM unless you are prepared to take losses.

[metaman] 22/3/2019 17:04

There's no danger debt will become than assets.

It's a definitely going to happen, Indian scammers.

[metaman] 22/3/2019 17:02

How many people you and cudmore sucked in this? with 30p next week? Nav 30p, so discount of 66% is 10p.

were you not saying it's OK to promote shares on many threads at 4p-5p? Others were telling you and cudmore to stop but you disagree.You even encourage that idiot.

Now you are on your own, and in one of your post you saying you are sad.

Do you not feel sad what and cudmore did to 100s of people? Or is all about your massive losses.

Lets be truth you have caused so much damaged to people over the years, you promoting that HONG KONG company on many threads, then inform everyone you sold in spike.

[noirua] 22/3/2019 16:05

The market cap at just £6.63 million at 0.975p looks amazingly low. A takeover bid could arrive far above this for the remaining shares not held by GGIC, they need just 14.6% more shares for a compulsory buy out at a holding of 90%. They cant buy on market as the price would go into orbit - imho, remarkably cheap punt.

[noirua] 21/3/2019 13:58

The INR rate versus the £sterling:

[noirua] 12/3/2019 16:50

A danger here that debt will become more than the assets eventually. Difficult to quite see if all the cash being swallowed up is in fact increasing the value of DNI?


GGIC holds 75.4% of IIP
SC Fundemental holds 5.51%
Anuradha Holdings - 3.01%
That leaves 83.92% with the above three and 16.08% with company directors and other shareholders. Director Tim Walker holds 981,667 shares and Sonny lulla 1.5 million.

If GGIC are playing this fair and at arms length then they will bid for IIP. Unfortunately a fair bid price is looking increasingly unlikely as time goes on and the bridging loan increases.

Very many question marks now over both GGIP and IIP. That includes the directors of both companies.

[noirua] 28/2/2019 18:11

Significant Shareholder Information:

Percentage of shares not in public hands (as at 9 October 2018) – 75.76%

[noirua] 21/2/2019 23:36

Still puzzling all these loans. I wonder what GGIC is up to here? GGIC, Please Tell Us what you know?

[noirua] 21/2/2019 23:31

Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, announces that it has agreed a US$3.2 million increase to the existing US$53.4 million unsecured bridging loan facility originally provided to the Company in June 2017 by Cedar Valley Financial (the "Bridging Loan Increase").

As at 31 January 2019, IIP had unaudited cash balances of approximately GBP1.3 million. Both the Bridging Loan and the US$21.5 million working capital loan originally provided to the Company in April 2013 by GGIC, Ltd mature on 1 April 2019.

IIP is expected to require access to additional funding prior to 1 April 2019.

GGIC is, directly and indirectly, interested in 75.4% of the Company's issued share capital and Cedar Valley Financial is an affiliate of GGIC. Under the AIM Rules for Companies ("AIM Rules") Cedar Valley Financial is, therefore, deemed to be a related party of the Company and the Bridging Loan Increase is a related party transaction pursuant to Rule 13 of the AIM Rules.

The independent directors of IIP, M.S. Ramachandran and Timothy Walker, consider, having consulted with Cenkos Securities plc in its capacity as the Company's nominated adviser, that the terms of the Bridging Loan Increase are fair and reasonable insofar as the shareholders of IIP are concerned.

[noirua] 21/2/2019 16:40

An odd monitoring extension with no market trading for days.

[noirua] 18/2/2019 10:17

Usually they RNS between 4:30pm and 7:30pm.

[escapetohome] 16/2/2019 10:26

Ill have a look at this on Monday for the result then.

Binary bet.

[rjmahan] 16/2/2019 00:43

Yes it is, leveraged turnarounds never seem to work for me.

[noirua] 15/2/2019 23:57

Loan extension ends on Monday next. Hopefully some better news on its way soon. Very sad at the moment.

[noirua] 05/2/2019 22:48

Loans extended to 18 February 2019

[noirua] 04/2/2019 22:16

Statement re-loans:

[noirua] 31/1/2019 17:18

¡Ay, caramba! - yes, I'd forgotten the end stop date. Hopefully it's a matter of force majeure, unavoidable. Either way it looks an awkward situation.

[spectoacc] 31/1/2019 16:14

Aye carumba - now what?

[noirua] 30/1/2019 17:05

As previously announced, the Proposed Financing transaction documentation (the "Transaction Documentation") had envisaged the fulfilment of conditions precedent within a six-month time frame.

Owing to the Proposed Financing remaining conditional on receipt of outstanding Indian regulatory and other approvals as at 30 January 2019, the long stop date under the Transaction Documentation, the Transaction lapses today.

The Board of IIP will examine the Company's alternatives, including re-engaging with PSA International and Gateway Partners, and further announcements will be made, as appropriate, in due course.