The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Great post earlier Nobby31 & I concur with your comments hopefully all matters will be resolved in the next week or two.I am of the opinion that H&W is too big to fail & something the Government must realise.I wonder if under a previous MOD we would be in this position I doubt it.
Well done JW and the harl team great work and as mentioned hope to see more work in the future from others , thanks for link kaeren đź‘Ť
'The trust of the innocent is the liars most useful tool' I didn't need schooling BC , was clear from early doors, but will need divine intervention before some understand the pastures the pastor now feeds upon.
They running short imho
Looks like they will have to Turn the Other cheek.
Yeah shaken out the weak
The sellers are Pastor their best Bubble.
Lots of buys showing ,out stripping sells , something going on I think
Tim Kempster and Kevin Taylor are both writers from the same short blog (name is censored on here!). They seem to be on a mission today. They generally post negativity on ADVFN but I have never seen them post directly om JW/Arun's LinkedIn or even on this board. Smells of desperation.
Karen, if that was the case why didn't that very high level message not come out to the wider audience in official comms as opposed to a rather cringeworthy post by Arun, smacks of desperation.....
I have just responded to Tim Kempster's post on LinkedIn on this thread. It counters the bunch of horse manure he posted.
SiD I would agree and I'd say communication from the board will be a major talking point at the a.g.m. I personally don't really care much for cruise ship refurb's / ferries t.b.h.-not my thing and some shareholders seem to be here for IM only. The bod can only be held accountable "after" any strategies they have taken have failed and not before. For me, I hope their focus will be on heavy Eng. whether its shipbuilding, barges, docks - anything that gets that expensive machinery operating 24:7 and hope that they get their strategies right.!
Ha ha that made me smile, I keep a copy of my CL share certificate on my office wall to remind me don’t count on Government; I was convinced they wouldn’t let it fail… that didn’t end well!
From a linkedin post knocking HARL Now who on this BB says Ha Ha a lot Answers on a Prayer book. Hallelujah.
You just cant make this stuff up.
Yes, Scaff, I understand that a company needs to adapt to changing circumstances and trends. And even though the reason for doing so might have changed I'm glad they made the original move on the Belfast Yard and subsequently, Appledore. A new direction into an area that i would have never have seen myself invested let alone be interested in, tbh. And also, because of that decision, in a company that now has a local connection that effects people related to people that I care about. That's not the issue I have with the pair. It's they way that they make it out that it was all part of some master plan that, firstly, we were all privy to and secondly, that we had much choice in any new direction they chose fit to take us in. JW sat there in front of that scrutiny comittee and stated that running a ferry service had always been the goal when taking over H&W. Or words to that effect. Was it?
Anyway, like it or not, we are where we are and if I don't like it I know what I can do.
(no response required on that last bit) ;)
Or even better ,Nokia making car tyres.
SiD13:05 You may be correct but if you can understand that early stage growth companies have a habit of morphing into other things than what they originally started out! Your ideology would have Henry Ford still building tractors.
Clearly a lot of shareholders are worried right now following the reports in the media. The social media posts are an effort to steady the ship in my view and calm the situation. Talks are still ongoing so they can't tell people what they want to hear on the finance deal yet, so this is the next best thing. If they said nothing people would be moaning about that too.
No idea why the post HC , save frustration at media. However would you elect to book your drydocking , sign off on contracts etc with all this uncertainty in the media re future survival of the company. I suspect like somewhere else we know about, that they have an NDA in place and cannot comment to anyone in any detail the exact status of the ongoing conversations. Bottom line they care because the whole future of the company is headline news against them trying to conduct BAU. Just imo.
This board has been flooded with people this past week who haven't held a share in years, are shorting or sold on the news last week all with a similar negative spin.
Clear agenda at play here - they wouldn't bother if they had nothing to gain from it.
I don't think that you really need to concern yourself with the answer to that question. Focus on what you can change for the better not what you can bring down and destroy. Suggest pop the kettle on, make a nice cuppa and have a good read of the Desiderata. Good lad
Nobby31 - What price success? What price will the shareholders have to pay though? Cineworld springs to mind.
Honestly, the two of them pitch it like they turned up out of the blue just to save H&W and Britsh shipbuilding in general. The truth, afaicr, was that they were both brought in by Adrian Pocoçk for consultancy work on the Islandmagee gas storge project. JW on the FEED and AW with his history in gas storgae. Read there bios from the time. After organising the coup that ousted the previous useless BoD I don't think AP and his mate Peter Wale actually knew what to with it so just kind of handed it off like a hot potato and moved on to their next project. JW and AR were obviously in the right place at the right time and thought, yeah, okay, we'll give it a go if you don't have anyone else. Don't recall there was any clear cut plan already in place other than to get IM up and running. It certainly didn't included shipyards at the time. Yes, I'm glad they struck out and away from just IM and started doing something else as we wouldn't be here right now, imo. But that divergence was promoted as being part of the IM plan and not the main goal. And there was absolutely no mention of opperating a bl**dy ferry service.
What I don't quite get is why would JW and Arun care all that much if the reports really are inaccurate and they are close to agreeing finance? Why such a dramatic post like I've just read on linkedin? The share price is, in a sense, an irrelevance in the intervening period if all the funding is coming via UKEF ?
... you can mark them. HARL will receive a financial solution with UK gov; it may or not be UKEF (100 or 80%) or another form of support guarantee but it will arrive and it will assist the company. If you don't believe this you have probably already sold which is understandable. No one has played a blinder here and it has been messy but I firmly expect the media hypers, polticos, paid journos, shorters and BOD "dislikers" aren't going to be successful in their quest to trash this company. Such a shame there are so many of them; seems like we love to kick ourselves up our own backsides in this country. What price success!