We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Bubble2021,
After more than 2 years of positive "imho" posts, it appears that, finally, you are starting to understand reality. I hope that your average is below 15p, otherwise I fear you are never getting out (my average is 66p!).
September now WTFK this company gets worse share getting smashed day after day no contracts coming in to note , strikes , dispute's HMRC ,what next???,am not a happy investee here imho an that far out of pocket I'd be daft to sell out now well I've no option now but to stick it out but when I get near to my original investment am out imho
Not good enough imo, just simply not good enough.
There is a good reason why the SP is only at 12.75p, approx 4 times the value of the company has been wiped off the SP since the announcement of the Saipem contract last year when this briefly hit just over 55p.
The fact that the company reported losses of £22.37M in unaudited results probably accounts for some of it, the rest probably just complete lack of faith in the company itself to deliver results up to now imo.
"Investment in people is one of the most expensive and time-consuming processes for a company like H&W and needs to happen well before contracts come to fruition. As a result, there has been a timing mismatch between making these key investments and securing contracts"........
Timing mismatch. We'll that's certainly one way of putting it. Or another way of putting it - hemorrhaging money in between employing huge numbers of staff and winning notable contracts (i.e £50M+) to make the investments using shareholder money worthwhile and start making actual profit. Because imo £50M contracts are what's required now which I've been saying for month's and month's.
Agreed using COVID as an excuse doesn't fly anymore, did they all stop working in the lockdowns ? find new auditors.
Wow, I can smell that one from here!
Another entry into BP's Big Book Of BS - "Covid-related audit issues".
Hebridean9 ref 18.01 post I saw the RNS after writing my 17.47 post at least it confirmed my interpretation of the rules. I think the explanation lacks a degree of veracity in that I do not believe that it is the complete story.
RNS just released regarding accounts, expected by end September.
Strange how other companies do not have problems releasing accounts on time with no extension needed.
We will find out tomorrow if the interpretation in my 16.26 post of Tuesday is correct if the audited accounts are not produced. Fingers crossed.
Early July for audited accounts was stated at the investor day.
See link below which confirms 30th September 2022.
https://find-and-update.company-information.service.gov.uk/company/06409712
My understanding is that under AIM rules they have to the 30th September 2022 i.e. 9 months.
Can I ask views of other people on this board on a point. Last month unaudited accounts for the year to December 2021 were produced. I believe there is a rule that is accounts are not filed within six months of the end ofa financial year then trading in the share is suspended. If that is correct must it be the audited accounts or will unaudited accounts be sufficient. If it is the former and the audited accounts are not filed tomorrow or Thursday then would trading in HARL shares be suspended.
Maybe because they know they can buy back even more for their 90k in a 10p placing?
Oh, cynical me. :)
Radders now that's funny :):):)
perhaps it was JW to pay the tax bill ?
"Why would someone sell 90k worth of shares for .12 when at the time of sale the bid was .13?"
Simply because someone is trying to offload about half a percent of the shares in issue in one transaction at a time when the market is fairly illiquid.
The more worrying question to ask is, "why is someone trying to offload so many in one go?"
Anyone want to guess the answer?
Why would someone sell 90k worth of shares for .12 when at the time of sale the bid was .13?
Mcadder yes I totally agree with you
So the company obviously don't feel the need to put out an RNS to even confirm what was in the Telegraph over the weekend, very poor imo
Agree RNS to clarify this and accounts would help now imho
Radders99 ref 14.28 post while a disputed tax bill may not normally caused pressure on the share price the publication of audited accounts have been delayed twice. The combination of the two may cause concern.
Hmmm.....I'm sure it will get sorted this week, the amount is only 92k but it's embarrassing nonetheless and could be seen as a more general sign of cash flow problems within the company, I just can't see any other reason for the "oversight" lol
But at the same time The Telegraph get to make a story out of it, and over the weekend too, when shareholders quite frankly are getting sick of yet more unwanted distractions ( there have been many up to now! )
The only story shareholders would welcome seeing over the weekend from the Telegraph would be say, speculation that Harland and Wolff was tipped to be selected as the preferred builder of the replacement HMS Royal Yacht, not something like this. Paragraph from the article.....
"Harland & Wolff said the legal claim, which if left unresolved risked forcing the business into bankruptcy, was the result of an "administrative error" within the taxman's systems"
So it's the fault of the taxman then LOL
The company MUST issue an RNS in the morning imo
Agreed this is a non story .. I fail to see how a disputed 92k Tax Bill brought about by a technical error and now paid should be putting pressure on the SP.
Ok I've speed read the article by pressing back and clicking the article again many times (how dedicated am I? Haha)
This is a none issue. The article states both WUP's have been resolved! Or have I missed something?
I've also searched for the notices on the gazette and can find nothing currently active.
So am I being stupid or is the article doing a bit of clickbait tactics? If the latter there is no reason for the company to be issuing an rns
Well I think it may be the case that if the board don't put an RNS stating issue resolved mine and a few lth on here won't be hanging around too much longer as I fear the institutions that have backed them all along like killik will be bailing out imho last chance JW