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The first tranche payment for the yard was a cash and share consideration. The share element consisted of 784,404 shares at 38p. It did not talk of a lock up period so I guess theses shares have been part of the supply issue. It also explains the lack of urgency selling below the support line of 37-38p. The anniversary of the deal triggers yet another cash payment and share issue. That being some way off it is not a worry at the moment.
Lottie123 In relation to your 07.28 post we need share price moving news between now and August so that the number of shares that need to be will be reduced.
Totally agree. Each of the subsequent tranches are fixed cash amounts so the prevailing SP will influence directly the number of new shares issued.
With every day that goes past with no new dockings or contract wins, I expect a slightly downward pressure as the spectre of dwindling cash reserves raises the need for another issue. I have never known a company with so much potential with such frustrating delays. I still think the tide will turn but for now, we must reconcile the fact that governments are not concerned with time frames and covid is still a drag.
"I have never known a company with so much potential with such frustrating delays" Try investing in BMN, that'll clear that issue right up.
That's a dead end job ,not like here imho
Doubled up today. This price will be a good entry price in 6 months view.
DYOR
GLA
Hi, first post on here. Living local to the Appledore shipyard it was expected the yard would sell for housing land before Infrastrata purchased, the 35 acre site is worth 1 million plus per acre for water front homes, how Infra managed to pay 7 million just the business value ? a lot of potential equity there.
Hi driftwood,
With respect, the land is worth no where near that. Property prices aren't spectacular in that part of the world, it is a heavily contaminated due to its heavy industrial use making development expensive and 35acres does not mean 35acres of developable land. I suspect its current use gives the best land value rather than residential use.
Not to say they couldn't look at some residential use on some of the greenfield land of course to extract some value out of it.
Cheers
TheEast
driftwood123 In relation to your 23.32 post of yesterday thanks for this I am not sure what the plan is for the freehold land that was part of the purchase. I have suggested using part of it for a onshore windfarm to power the shipyard and possibly the surrounding area. This ide would bring the operating costs of Appledore down.
Can I ask have you noticed much work going on at the docks ?
TheEast In relation to your 08.29 post I remember when Appledore was bought there was some discussion about the 29 acres of freehold land that came with the purchase and what was going to be done with it. At the time there was I believe some discussion of the value of the freehold land. If INFA was to get permission to develop the freehold land then the cost of decontaminating the land may not be an issue as the sale price of housing would probably be high enough to make it worthwhile.
Hi Stokey,
Absolutely, and I don't doubt they'd be some value with it, but more likely at £100k an acre rather than £1m!
Be nice to see something happen with it that provides some value though, even a turbine/s as you've suggested.
Cheers
TheEast
" heavily contaminated due to its heavy industrial use"
You sure about that? Or is it an assumption?
Besides the shipyard and a few light engineering units it's biggest use was as a sand yard from dredging.
Not really topographically suited for wind power, Stokey. It's on the leeward side of surounding hills.
Docks? That did make me lol. Makes it sound like a bustling port.
Think more a once sleepy fishing village where the biggest catch now is tourists.
Unfortunately until Appledore get a significant contract to get to grips with there will always be talk of property development. Driftwood are you a shareholder or property developer?
Went past the seaward/harbour side of the yard today the place is pristine and gleaming, the refurbished dry dock gates look fantastic, looks like they are expecting something major.
Massive news coming we hope for infra shipbuilding gla .
Bubble2021 In relation to your 08.50 post are you like me hoping that HMS Prince Philip is commissioned and that Appledore builds it. Well after all the warm words from the First Lord of the Treasury HMG certainly owes INFA at least one contract.
Morning Stokey,yes I am hoping it's infra,a new era of shipbuilding
Bubble2021 If INFA can get the contract it will be a feather in its cap. It does have experience in building yachts. Also in the battle of the MPs I think Sir Geoffrey Cox has more weight than Jake Berry. It does not help that Cammell Laird did not complete its last ship the Research Ship Sir David Attenborough on time.
Avyererdowt In relation to your 11.23 post I was only comparing him with Jake Berry who is one of the local MPs for the area covering Cammell Laird. As a novelty they could make the decision on a commercial basis.
Avyeredowt In relation to your 13.36 post you could be right the reason I had in my mind is this quote 'Jake Berry, who is chairman of the Northern Research Group of MPs, has called for HMY Prince Philip to be built by Cammell Laird on Merseyside.' which came from the Sky News report on the matter together with the price tag of circa £200m. So there will be some heavy lobbying from MPs on it.