Member Info for Hardboy

Last Tuesday they gave a webcast. I specifically asked what plans they had to raise additional funds and they waffled a bit about project partners providing the capital when required: absolutely no mention of going back to the market; and less than a week later we have a Primary Bid offer to raise £2.7m. I accept they did not want to give specific details, but basically the Board of Directors have deliberately misled shareholders. What do shareholders think of that behaviour?

Can not understand the fairly sudden drop in share price. It has been holding up (understandably) quite well this year - then down on no news.

Are they affected by strikes at all?

He was also on Ian King live this morning - good interview.

After those results how can it end the day down? (Markets can stay irrational longer then you can stay solvent.)

6 month EPS = 20.9. H2 expected to be similar to H1, so let's guess FY EPS - 41p. For a PE of 14 (which is around average for FTSE100) the share price should be 574.

FY Dividend looks like being ~ 18p. (and is well covered. That gives a yield of 5.75% at current prices.

NAV is higher than current SP.

And this business is growing appreciatively .

Anyway you look at it it is massively undervalued.

The only downside I can see is that we are in uncertain times. (As we have been through H1 when sales went up 28% & Profits up >50%.)

Watched Atome's webinar this morning - there was a question about CPH2's electrolyser's development hold ups. They said if anything goes wrong they have another provider all lined up already. Didn''t say who.

The MP reply is just quoting from the Gov't's Hydrogen Strategy Paper

Does anyone know when their trading update is due?

They normally release on early in December just after Year End, but it is not shown on the website's financial calendar

It's still 30 months from production. Wouldn't mot would be predators wait till there is something more tangible to buy

They are expecting to make an EPS > 35 by 2025. Is we assign a PE of 10 to it, that means the share price wlil be 350% higher in 3 years time. No guarantees of course but a good indication that it is currently cheap.

Only skipped through them, but it looks to me like the market has reacted to the increase in costs. Hopefully these will be transient and the increase in sales and club memberships should send profit growth nicely for the next few years.

News from CPH2 (from whom ATOME have ordered an electrolyser) today was not great - their other buyer has pulled the plug.

Are we expecting a bumper World Cup for the company.

I hope a lot of Argentinians had bets on to win!

I hope you've all watched today's "investor meet the company" presentation today - very informative, and it may result in a further push up in the sp tomorrow

https://presentations.investormeetcompany.com/investor-meet-company/SRT-MARINE-SYSTEMS-PLC-Interim-Results?bmid=9c630ccf0817

Not sure that link worked but it should if you have to copy & paste.

I'm splitting hairs slightly, but SRT have reported Full Year Profits quite often. 2011, 2012, 2013, 2016,2017, 2019. All profitable years. I always used to reckon day to day cost were around £10m, so if they could get income above that they'd edge in to profit. That cost has increased a bit of late, but one of the beauties of the business is that incremental orders does not materially increase the costs. Because the project income tends to be significant when it comes and in large payments, timing of invoices can make significant differences on profits for a specific year. But, yes, let us hope for a more significant profit this FY and that the conversion of contracts in the pipeline ensures regular FY profits thereafter.

Any idea which south east Asian country it is? In terms of their coast guard there's a bit of difference between Singapore & Indonesia!

Surprised the sp has not had more of a bounce today, but we were forewarned of good news.

Such trading often does seem odd, but you have to remember a fund manager like Aberdeen runs lots of different funds, and the holding may be spread over several funds. One may be increasing its stake another reducing it.

They've got enough debt without adding more for none productive reasons.

It's a building block at least. Once they begin to produce H2 in Peru they have another customer so it is good news, But I'm still waiting for the RNS asking for more money from shareholders.

We seem to have some upward momentum at last and there are signs markets think it was oversold, so I'm tempted to add to my holdings, BUT I think I'll wait till after the budget. Taxes are going to rise, but the question is which taxes, and the old sin stocks were always favourite at budget time. I hope I'm being overcautious, but we'll see.

Sorry about the typo. Methanol of course

Pardon my ignorance, but isn't the whole idea of AFC's offering that it is clean (non carbon producing) energy production. So what happens to the Carbon when H2 is produced from methanol?