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quick question delitalo, if blyth 2 was such a sure-fire winner why did they originally schedule so long after that other sure fire success southwark??
obv more likely to continue to rise the closer it gets to drill results news - some indication could be fairly imminent I’d guess - and the likelihood of 16p+ (Or back to 4s). For some, holding tight is a no brainer - you’ve not lost until you sell dyor
Still priced to fail atm, the old team here had a terrible record of drilling failure and bad luck; perhaps the new crew - and long suffering long term holders -will finally start to reap the benefit of the smart investment in infrastructure with a successful Blythe h2 hook up. Not much downside at under 8p imho, and plenty of upside if things go well. Like many I’m under water here, but not without hope that the reasons I originally invested - hub strategy, gas prices, JV stability - will be rewarded. One thing is sure, if it rises it will go fast. Dyor
£1.6bn contract to provide three warships for govt as partof joint venture with Spanish giant Navantia (Harl's share around £760m); projected £1bn order book by year end; capacity across multiple huge yards and drydocks to capture significant portion of offshore wind construction, keystone of UK energy strategy; £50m+ islandmagee energy storage project due to be green-lights after planning appeal in four weeks time. £200m credit facility due to be signed off. £75m investment in advanced tech, mostly provided through JV; commitment from Navantia to share best practice and develop joint bids for large-scale turbine projects. £25m mcap! You do the maths.
One overlooked factor is whether the ongoing external audit and evaluation of Southwark can produce a scheme for any extraction there. Though they have effectively written it off, I think reading between the lines of those RNSs they still believe there are possibilities, which closer analysis may yet unlock if H2 is a success. The law of averages suggests that they are due an unexpected positive, rather than an unanticipated disaster, but as we know life does not work like that. when you think of all the missed opportunities, this could very easily be trading at 80p now. How it got here is a travesty.
good to see the SP starting to catch up a bit. It's extremely hard to imagine that IM won't get the go-ahead given the current hyper-anxiety about gas storage, and the smart net-zero potential of hydrogen storage. It's an asset that should keep on giving, one of the several sweet spots in the current economic turmoil that Harl occupies. These are still crazy cheap prices. £27m mcap? Do me a favour.
nonsense to think that green jobs will all be offshored - UK govt of all stripes has to find growth from somewhere, fintech will increasingly lose out to EU centres, chucking PPE-type cash at renewables projects is their best hope imho Harl has already been signposted as a key beneficiary
“Kickstarting investment into the UK’s emerging floating offshore wind industry by launching the £160 million fund to support port infrastructure projects, securing the UK’s leadership in this new technology.”
this dismal desperate govt seems to finally have discovered a last resort to boost maritime industry: prison hulks for refugees. Someone’s got to build them I guess
Not long till credit facility and IM news now, place your bets… pretty cheap at these prices imho. Has to be a £50m+ company given the order book, a bit of good news should spark a quick rerarw
It’s a cut or run situation now for lth, zero sum punt on success of Blythe 2, and drift down to mid 3s before then imho. Cash is king just now, brave soul to have it in here. What to do?
Given sliding o&g prices perhaps around 3.5p mark - be careful with this one
Wouldn’t trust them to run a bath… though prob less water involved than in the current operation
as ever in this basket case country the real rewards are geared to abject failure
How low can this go? Now a pure zero sum punt on successful Blyth - track record not inspiring...
I’ve got a tin foil hat for sale FG if you are interested
looks like a plan for them all to buy at these crazy low prices this week, they can't help but see the value here - and no doubt know big sellers are out - therefore are taking the opportunity to put cash behind the rhetoric
It's just drifting down on tiny volumes as bored PIs look elsewhere for their beer money imho. Perfect time to buy at these prices if you have spare cash (I don't sadly). Next significant news not far away with IM and credit facility and, I'd guess, a few offshore tenders/contracts. 27m mcap lol.
the interesting thing about that investment breakdown is the extent to which the government clearly have a huge stake in making this work - supplying grants and guaranteeing loans - bending over backwards. When JW suggests that there will be ongoing defence maintenance contracts, take that as read that competitive tenders from H&W will be looked on very favourably by the MoD in the next year. No point in make this company the headline act of their NI rhetoric and then not backing that up. Fascinating times ahead given an administration belatedly realising that a fast-track re-energising of UK industry, particularly around defence and energy, is their only possible get out of jail card for the post-brexit economy.