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Heb When you start answering questions put to you, perhaps you will then get answers back in return.
Sca
Scaffman - Why hold back the accounts to wait for the possible Falklands contract, surely that would go towards 2024 revenue?
Lottie, You asked for thoughts please, and my thought is that you have just had a bad day!
Rev for H+W on paper has been 15.4m and the latest 25.5m(marginally over) with now a "forecast" of 80m When the UKEF is set at a 25m minimum entry, they have not been able to qualify i.m.o. Do UKEF accept forecasts? I doubt it. also, spent "hundreds of millions" to me implies 200-300m -that's being a tad dramatic with numbers. I believe Finance will go hand in hand with Year end accounts in June(not long now) and the accounts may be held back late until hopefully confirmation of F.lands. As for all the rest i.e. lack of info/communication,lack of cfo buying shares-well we can all agree on that. However; building up a fabrication co./shipbuilder to go from these low turnovers to 80m and then to 200m is just about as fast as it can go i.m.o.
Apologies GDR now 3.5p. Ouch.
At a rough estimate Exile trader lost the GDR
Posts: 118
Price: 40.75
No Opinion
Good day20 Mar 2023 16:43
Closed at 42.60. it can't go up everyday. Strong support especially with all the selling and profit taking today.
I expect this to be above 50p by the 30th of March
Xenor. A CFO, is not difficult to replace. Why be concerned? What has he done in 5 years of big money pay? I also suggested a large pay cut c20% to reflect poor performance. Surely pay should be linked to performance. With over 50% of coastal fabrication and four big refurbished yards (Belfast still on going) yet we are hoping that we might get to £200m revenues this fiscal. I would like to point out that this shipbuilder has still not built a ship...not even a trawler or rowing boat with an outborad...nothing self propelled. Barges don't count. Let's not forget the Saipem disaster. All in all. The bounty of promises I have heard over 4.5% years seem to disappear into the ether. Missed targets of revenues and spending with little or no real revenue impact.
There has been only two RNSs since the start of the calendar year, not acceptable for a quoted company. It is not IR department fault, the buck stops with the CEO and the board. As they have control on the news flow. Why does communication improve around the AGM?
The share price performance is only correlated by the performance of the directors. Directors should be conscious of this. Performance of directors have been beyond dismal.
To be honest with you would get more response from Nelson column in Trafalgar Square
Xenor ( as usual ) has failed to understand the underlying reason for Broomtrees post. He was non supporting keeping the BOD in place , but simply trying to accentuate the shareholder dissatisfaction. As they say, with Friends like Xenor, who needs enemies. PS. Xenor, which Poly did you go to.
Have to agree with Broomtree (for once), changing CFO or CEO right now would be a terrible idea.
It could completely derail or best case delay the finance deal even more.
Once the news is out that we're waiting on people will stop being frustrated and these comments about changing the BOD will disappear.
But as shareholders we absolutely must push for better updates. This is unacceptable and has been mentioned many times on here. Last trading update was September... 8 months ago. What has happened since then? Are we only getting updates in June and September with the annual and half year accounts going forward? I like to think JW is holding off on one until finance is sorted, and that finance is taking longer than he expected. But who knows.
As someone accused of negativity (I would argue reality) I feel positively moderate! With a large contract due, a finance deal that’s taken nearly a year and a half thus far and an important court judgement….. You want to create shareholder unrest issues to change the two guys at the top?
I’m no fan of either but give your heads a wobble, there’s a time and a place. You think this will help the share price? Ha ha
Lottie123 ref 17.20 post So we could get a motion on the agenda but do we have suitable replacements as if you put the motion up and pass we want to make sure that four or five years later we are not in the same place. If I can lay devil's advocate for a moment. Why are we talking about replacing JW and/or AR is it the strategy or the execution of the strategy. We need clarity on that. I agree that the communication with shareholders is not good and needs to be improved. I also believe that execution of the strategy may not have always been optimal but I am of the view that removing JW and/or AR may not be wise at this stage. I would suggest waiting to see what the annual report and accounts says and if there is no comprehensive trading update at the same time revisit the issue.
Stokey. From the LinkedIn posts of the last two years, more effort has been put into award winning than contract winning. Only the latter pays the bills! As for 5%, I asked the question back in December and was contacted by shareholders with collectively, over 10%...all disgruntled back then.
Typo, CFO.
Having seen Arun in action, cant say that i have been particularly impressed. However, my view is that as a Government Agency is backing the loan 100% ,then it doesn't really matter. The Government is 100% behind HARL and the Bankers will get 100% of their money back ( and a lot more if they do the deal). The previous two facts are the things to consider. On a side note , this period reminds me of the time when a great investor chided people for moaning when the SP was10p and then rose over 50% in short course. Cant remember the chaps name.
Stokey, thanks for posting nice to see harl pick up some awards
Caravan , hold fast news can’t be far off imho
If any attempt to make changes amongst Senior Executives we need to ensure that we have suitable replacements. It is worth noting that JW joined after a previous shareholder revolt. We need 5% of the shareholders by shares to put a motion on the agenda for the AGM. Do we have enough shares to get a motion onto the agenda for the AGM. Also I would caution against proposing a motion unless we are sure that the motion would pass and we have suitable replacements.
The finalists for the Maritime Awards have been released and can be found on this link https://www.linkedin.com/feed/update/urn:li:activity:7193982042970144768/ The list is as follows
ANNOUNCEMENT: Maritime UK Award Finalists are now out! 🌟
Maritime UK are delighted to announce the finalists for their 12 categories, showcasing the maritime industry.
Thank you to everyone who entered, and to all of our judges. Check out our finalists below!
Bevis Minter Award Sponsored by Nautilus International
🏆 City of Glasgow College
🏆 DFDS
🏆 Fleetwood Nautical Campus
Business of the Year Award Sponsored by Liverpool John Moores University
🏆 Port of Aberdeen
🏆 Port of Blyth
🏆 Peel Ports Group
Clean Maritime Operator Sponsored by Artemis Technologies Ltd
🏆 Port of London Authority
🏆 Peel Ports Group
🏆 Portsmouth International Port
Coastal Powerhouse Award Supported by Department for Transport (DfT), United Kingdom
🏆 Belfast Maritime Consortium
🏆 Cornwall Marine Network
🏆 Harland & Wolff
Diversity and Inclusion Champion Award Sponsored by Stena Line
🏆 Seas Your Future
🏆 Thames Skills Academy (TSA)
🏆 Women in Boatbuilding
Employer of the Year Award Sponsored by Harland and Wolff
🏆 Carnival UK (P&O Cruises & Cunard)
🏆 CMA CGM
🏆 Port of Blyth
Future Skills Award Sponsored by Trinity House
🏆 BMT, HydroSurv and South Devon College
🏆 Harland & Wolff
🏆 Maritime UK Solent
Technology and Innovation Award Sponsored by Port of London Authority
🏆 Artemis Technologies
🏆 Polysorb Group
🏆 Robosys Automation
International Trade Award Sponsored by Invest Northern Ireland
🏆 BAE Systems
🏆 Fluechem
🏆 Ridgeway Rockbags®
Rising Star Award Sponsored by Royal Navy
🏆 BAE Systems
🏆 Bibby Marine
🏆 APCL Group
SME of the year Sponsored by BAE Systems
🏆 Artemis Technologies
🏆 GT Green Technologies
🏆 NASH Maritime Ltd
Start-up of the Year Award Sponsored by Safetytech Accelerator
🏆 Just Be Maritime
🏆 Seabound
🏆 Sustainable Sailing Ltd
Xenor. He has used that excuse you a couple of years. Don't forget, he even enjoyed a £1m bonus at our expense. He must either step up to the plate or quite frankly, go!
A bonus of that magnitude and still no sign of profits on the horizon. We have been asleep for too long. The AGM is not far away.
As for Arun, he has no excuses for not buying more shares in the past but currently with finance as far along as it is I suspect he is unable to buy more until that deal is announced.
Yes Lottie123 and Findingtheta.... I agree... What a carry on this is....The brakes are permanently on the share price because there is really nothing to drive it foreward... For those not invested here I would say steer well clear until the sandstorm has completely cleared.. But perhaps it's going to be one of those "nearly companies"... Time will tell.. (Do your own research folks and good luck.. 😕)
Frustration clearly building amongst shareholders as the financing drags on. I'm getting ever more frustrated myself. Like why is it taking so long? I suspect the timing of the deal closing is largely out of their hands since they are dealing with third parties, but some kind of update would be appreciated. Apart from the big contract announcement that we're awaiting confirmation on it feels like it has been silence for the last 6 months.
When I was researching I vaguely recall reading other posters being dissatisfied by AR’s performance. JW is alleged to have responded by pledging his allegiance to AR, viz, no AR, no JW. I surmise that it would take a complete coup!
LSE - You've clearly lost the plot the discussion was on Navantia UK building warships? No one mentioned or implied unravelling the current FSS contract which was international in its tender?