Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
https://videos.**********.co.uk/video/5398
Try this
https://www.telegraph.co.uk/business/2022/10/29/inside-britains-battle-build-naval-ships/
Part of the commitment of Team Resolute is to significantly invest in the Belfast Yard. This will be a big driver to ensure long-term competition for MoD contracts. Speedy has pointed out the lack of current capability at Belfast so this will be a big plus.
Chris, if you could ask my question, that would be appreciated. If the new NED is there you could ask her views on shareholder value and the role of the board in enhancing this given her background. What are the levers that can be deployed to increase shareholder value? Also, given she advises CEO’s and CFO’s, what advice would she give the board on increasing value for HARL?
https://www.telegraph.co.uk/business/2022/08/29/bae-talks-build-five-submarine-hunting-ships/
Surely Team UK would have capacity issues with current backlogs, along with this contract and FSS?
You are more than welcome to express an opinion, I just don’t see how expressing this way on a public board will help either of us financially. It’s your prerogative and I’m certainly not going to block you as I’ve valued the contributions you’ve made. What I can say is several large retail holders have now satisfied themselves that what occurred was absolutely within what you’d expect of a listed company and any conflicts of interest were declared and managed by the Board at the time. There is clear documentation for all of this.
If these were the unaudited accounts I could understand the concern raised, but these have now been signed off by the auditors and everything spent, particularly these costs, will have been scrutinised. If people are that concerned, I would suggest attending the AGM and asking the board directly. Alternatively, reach out to the board as I have always found them forthcoming with information. I certainly don't always agree, but open dialogue is important. What is said on this board may let off steam and give some light relief, but it's short lived when it impacts the SP.
It would be nice to have IM in the mainstream media
https://www.telegraph.co.uk/business/2022/08/14/inside-crazy-decisions-left-britain-no-gas-storage-vulnerable/
In addition, I understand the Board have been involved in government export funding for the M55, so it will be good to understand how they will use that in the future. I believe there is no reason for that project to require a raise on that basis.
I have been in contact with a few significant RIs who have been in dialogue with the board since the investor event. The board have changed their stance on the need to properly inform the market of Harls roadmap to profitability in the form of a 3 year plan. I understand this will be released to the market in the next week or two. Accounts will be released next month before the required deadline of 1st September. I have been reassured the accounts will mirror the unaudited accounts that the board released a few weeks ago and the issues impacting the release (although hard to believe) are Covid related. I hope this helps.