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Is that 10 million a buy or sell. Not sure?
Got a feeling news could come before consolidation
10 million trade popped up
Tango ,totally agree ,need yep to break even when consolidated but imho it could be double that on contracts they could get which I think will happen risk reward gl.
In these tough times, some companies are making a fortune, given the demand for shipyards and the lack of availability I would think margins could be very healthy... AIMHO
Tango I hope you are right and good news if generates a volume of work. I note their is no mention of profit margin. I suspect that in the midst of these tough times margins will be very tight. For me IM remains the jewel in the crown, not convinced we will ever see a substantial return from H&F.
agree this is 100% H&W, to be fair any decent company doing due diligence on H&W would say given their financials they are a major risk, This raise will give companies a bit of reassurance that they are not going to fold short term. This could unlock contracts straight away (if it were the only blocker).
Tend to agree with Tango here, I don't read from this that ML could be coming anytime soon. All the comms from JW really are completely focussed on H&W, the original business we all bought into seems to be very much in the background now. Take it as it is, this is purely to further support H&W. We would really benefit from some interim financials now vs. plan to break-even...
Si - re bigger spreadsheet. For the record, I'm positive and now hold 11mn in my SIPP and 5mn in my ISA. If she contacts you, don't tell my wife!!!! :-)
You could also look at it another way- The BOD might think the ML not coming so raise now while they CAN raise the cash, Now that would be a logical move IMHO
All scenarios have to be considered.
Goupplease- agree but with another 2.5 bill shares at 0.035 on the way, SP would hardly budge IMHO.
Dropping now would certainly mix things up ,don't bet against it ,
But the II's know month in advance so can sell before taking up the offer....
The issued shares are Pari pasu (exactly the same as me and you)
That's exactly what they have done this time, and will do every time. IMHO
Quick question. For these II's who are taking up the 0.35 additional shares, is there a time limit that they are required to hold them before selling ?
The reason i ask is say for example if the share price got up to say 0.70 and there was a further share issue and dilution to capital raise again in 1 year, would these current buyers be able to offload these purchased shares coming up to that, to subsequently buy in again with any relevent discount at the time ?
Ta for any knowledge anyone can provide on this.
7 billion shares..... that is some number!
Thanks for your posts dawski37 & still positive.With regards the RNS I take it as being positive & was wondering if we were going to have a further fund raise based on the recent increase in the SP. I have added 250,000 taking me to 2.5m & my cleaner has added a further 500,000 taking her to 900,000.All to play for.
Yes yes .....ML WILL happen --JW would indeed not have appointed a Project Manager and "risked " higher leaverage for H&W if he thought otherwise ..all good !!Fundamentals ...Fundamentals
Today is par for the course,I suppose.On the negative side no sign of ML and I.M. is at the end on the back burner (no more "Gas" puns please!) On the positve as I have said many time H&W is a gem and the pride of Belfast ..If only Bojo and Co could invest in heavy Industry rather than nail bars ! H&W when well funded will prosper without Government support as it has unique facilities which have been allowed to fall into decay over many years .The current team will rectify this.
Mr John Wood Is a true visionary . He is not A SHORT TERMER. He has form. Assembled a cracking ( no puns please !) team ,sorted major issues out with I.M. .brought along Arun R and his connections with Vitol." Stolen" H&W such that we are now at the top table with BAE Systems and Babthingymjig ( if you spell it out correctly the type just explodes !) in discussions with Navy/Defence contracts...and much more.Assembled an expert team at H&W from previous connections with Bae.
JW interestingly has posted onTwitter some kind comments about Princess Cruises this week ..could be a subtle clue.
No young enterprise like ours can prosper without a sound capital base ..be glad to see the back of some of the recent "expensive loans " --all good today .Hold on !! No mention of entreprenerial help from the Gov of subtance .we have to do it ourselves and that it was is happening .Bamfords have doen it with WrightBus at Ballymena .we are doing likewise.!!
Tango and Lottie, you both make very good points. Lottie, you clearly have a lot of knowledge from working in the City and I thank you for sharing it. If this placing puts us in a better position for the future, then so be it...
DH2.
Si- You are going to have to get a bigger spreadsheet :-)
Logically, the BOD must believe the ML will be granted otherwise why appoint a Project Manager
Tango ,lol!!:):)
Cookie deal, I will offer you 4 mill for 3p each:-)