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Hi All - As I post I see yet another drop in the SP it seems that every time we have positive news flow although not supported by an RNS the SP drops.Posts yesterday suggested not long now for that finance deal or at least its looking we are almost there.Is the H&W situation just reflecting the lowly position on AIM as we wait for the next 'budget' announcement from Chancellor.Those in the know or often trade might have a view.I am still remaining positive but is questionable that I show 'Strong Buy' always followed by a further drop in the SP.
Hi dawski37 - Great post this afternoon & sums up the situation very well.Thanks.
I now have a small investment in SAR & too late to sell out as I am 42% down.I am afraid the SP is following the same pattern as with HARL who also had funds from the same company as SAR have recently it feels like the kiss of death again.
Hi All - I think the criteria for an RNS maybe circa £5m & it was said by JW at either the last AGM or an earlier investors meeting that they are precluded by sending out an RNS for everything as it needs to be significant.I also believe they will only issue a trading update once the finance deal is completed.I am hoping for a proper update by the end of February or early March.
Looking at the 'news' flows that we have seen through various sources things seem to be on the up that will do for me.
With regards this weeks JR in the Court of Appeal I do not find it possible to give an opinion without going into great detail.Suffice to say after the 4 days last year I headed up my comments with the words 'Bingo' all I can say this time is that it was not a 'slam dunk'.
Hi All - The case closed at 4.00 & the three judges will now consider what has been put before them & then make a decision.Based on how the lead Judge put it I would expect 1 to 2 months.The article comment was misleading what they meant is that it now continues to the next stage which will be a court hearing at which the Judges will go through point by point either supporting the appeal or squashing it.
As yet I have not formed an opinion as to which way it will be called but what is clear because of the various arguments put forward the decision will one way or the other is going to ground breaking in legal terms.
Hi AimMaster2018 - No.
Hi LSE03 - Great news.
Stokey12 - Totally agree with your comments & not worth worrying about.
AimMaster2018 - 10.30.
SEAROSE FPSO Offshore Support Vessel - due in BELFAST DRYDOCK
ETA: Feb 06, 12:00 (in 4 hours)
http://www.vesselfinder.com/?imo=9274501
Edit: Fingers crossed.
full link:
http://www.telegraph.co.uk/business/2024/02/04/wasteful-britain-buy-new-****nal-war-russia/
'but the lesson of tyneside has not been learned. another yard that has not built a ship for decades, harland & wolff in belfast, is currently being reanimated with £1.6bn of defence money. maybe one day the royal fleet auxiliary will get the promised new fleet of solid support ships.
that would be nice as it only has one such vessel at the moment, rfa fort victoria – often, as now, broken down and without a crew – and a naval task force without a solid support ship is a sorry thing. but even harland & wolff don’t think they’ll have the job done until well into the 2030s, long after the coming crisis with russia.
if the swan hunter project is any guide it will cost double, take much longer, and still not deliver usable ships in the end.
there are many other examples showing the folly of paying british industry to build things it does not know how to build. it is a longstanding problem which is now becoming very urgent.
we must shift to buying existing products off the shelf, very often from overseas makers. creating civilian jobs, subsidising industries and bribing devolved regions should not be ministry of defence priorities: there are other budgets and departments for those things.'
http://www.telegraph.co.uk/business/2024/02/04/wasteful-britain-buy-new-****nal-war-russia/
edit: no harm done by this article not worth the 'paper' it was written on.
I interpret the details as showing it starts Tuesday which we understand is for two days & no need to show the Wednesday date.
Hi Bubbly2021 - Fine thanks will be following using the link supplied by the Court of Appeal's office which I am not allowed to pass on as previously mentioned.
Hi All - When listening to the results in August as the Judge ruled one by one against those that the had brought the case the SP gradually rose & I was able to Sell at 17.51p (Forward Sell) & 18.46 spot Sell.I needed funds to pay for final payments on my extension.Following the 31st August decision the SP slowly dropped.It was the anticipation up to the 31st August that drove the SP & the decisions on the day.Next Tuesday & Wednesday is a hearing in the Court of Appeal & an unlikely decision on the second day unless it is clear cut as detailed in my earlier post.There maybe some reporting that could suggest it is in our favour.With regards judgement unlikely by 31st March so we are talking early Qtr 2 by which time I hope we will have had a positive RNS re the finance deal.Still all to play for.
Hi Bubble2021 - I will be 'watching with interest ' this Tuesday & Wednesday.The only ever JR I have witnessed was by being in the public gallery at the Royal Courts of Justice London in 2019 in the High Court - Johnson v Westminster Magistrates Courts.In what I felt was an unusual decision the two High Court Judges after both sides had put their case the judges took out some 15 to 30 mins. & came back with a judgement & in so doing the original decision in Ball v Johnson at Westminster Magistrates was quashed.I would add that decision is now being challenged by Marcus Ball who is at present putting a film together as to why the judgement was wrong.Johnson by the way was Boris Johnson.
In summary in the above case the judges felt it was a clear cut case & judged on the day followed up by the publishing of the proceedings later.
If the judges feel that in the week coming there was no real justification for the case being put before them as it was deemed to be just to delay matters then a decision could be made this week coming.
A long explanation but hopefully you get the gist & I will be listening to the arguments to see if it follows what I had heard back in 2019.Regards to all.
Hi All - I have just had approval to follow proceedings next week but it is only allowed to those who have requested it so I am not allowed to publicise the link I have been given.
Those wishing to 'attend' please e-mail the offices of the Court of Appeal, Belfast today & you will need to explain why you wish to attend etc.
I will keep people posted.
Hi All - I am still waiting for confirmation from the Court of Appeals offices re next weeks IM JR appeal in the Court of Appeal to establish if our case will be streamed however below is the link advising which cases will be streamed as of today.
I have been advised this afternoon, following my call to the office of the Court of Appeal, that there will be an update next Monday when they list the cases that will be streamed & I will be getting an e-mail to update me.
I would add that the new procedure is that an application has to be made to the Judge which is what I have done others must have also have also applied I am guessing. Finger's crossed.
http://www.judiciary.uk/the-court-of-appeal-civil-division-live-streaming-of-court-hearings/
Some of this evenings post of doom & gloom are far of the mark.For the Company to have survived this far & in my opinion about to secure a finance deal many companies would only die for says to me the future is bright.For someones sake I am showing - Strong Buy.Goodnight.
Hi All - I am waiting confirmation from the Court of Appeals offices re next weeks IM JR appeal in the Court of Appeal to establish if our case will be streamed however below is the link advising which cases will be streamed:
http://www.judiciary.uk/the-court-of-appeal-civil-division-live-streaming-of-court-hearings/