Member Info for jfk9

The DF, re your post 9.23, you are correct, for many years I have been and remain invested here. I will freely admit that the driver for my investment was the potential of gas storage at Islandmagee, which at that time provided clear projections of profit and the business case for investment. Regrettably articulation of the business case has not been replicated for the ship yard investment, this I fear was far more driven by JW’s personal passion and ambition. No point me selling out as I am sitting on a considerable loss which, not so long ago, I had pretty much written off.

I doubt there is any shorting here . The sp languishes and will continue to do so until we see clear evidence of profit being generated, the source of shareholder value.

Looks like the market is not very confident about supply ship building delivering a profit, let’s hope IM eventually delivers and is not sold off cheap to subsidise ship building!

PD absolutely agree, share buy backs a complete waste of time. Had they paid it on divi the sp would undoubtedly be higher than 98p. What else can be expected from incompetent management.

Looks like sp dropped and held down to fill some large orders late yesterday

Just over 1% of the shares sold today yet the SP has dropped 6%. Clearly a degree of manipulation designed to a nerve and pick up stock on the cheap.

Like many others, I would love to see a share price re-rate, so I could claw back some of my losses. I have been invested here many years, my investment prompted by the prospect of decent returns offered by the IM gas storage project. At the time JW and Arun provided projections of revenue and return from the caverns and there was a very compelling business cases set out. Unfortunately, that seems to have been largely lacking when it comes to the ship building activities, I don’t think I have seen any projections of returns, just levels of revenue which may or may not deliver shareholder value. Until we see evidence of that I don’t believe that new shareholders will be attracted.

Personally I still hold out great hope for the gas storage project which is a the principal reason I remain invested.

HarChris, it may well be that potential investors are holding off until more is known about the detail of the contract. Historically shipbuilding has never been particularly profitable nowhere more so than in the UK which historically has substantially relied on state support.

The Dog Father re your post at 10.02, as I recall the National Flagship project has been scrapped. Whilst the supply vessel contract assures Harl of investment and a revenue stream, it won’t necessarily provide a great profit. For many years I have and remain invested in Harl for IM which I still consider to be the jewel in the crown and it is its potential that leaves the company significantly undervalued.

Incidentally JW’s grammar has from time to time been a little careless.

I have enjoyed a tremendous run with SPEC this week, a hugely undervalued and oversold stock. Just shows what is possible, HARL could rerate very rapidly and catch msny out.

I wouldn’t expect too much. Likely this was set up some while ago, so might as well go ahead. Judging by SP performance today the market is not anticipating anything of significance to be communicated. All good PR.

Harl now have a contract signed with a guarantee of investment and a revenue stream. We know nothing about margins and potential returns to shareholders. Not surprising that there has not been a significant rerate driven by new investors. Meanwhile mms undoubtedly taking opportunity to indulge in a little sp manipulation.

JW clearly hoping to get the bad news out of the way on a day when he hoped it wouldn’t attract too much attention. Always excuses and claiming blame lies elsewhere! I don’t doubt that management failings played their part, so further undermining their credibility which must now be a concern for Navantia. I had been intending topping up today, too risky now.

Looks like everybody read a little too much into the PM’s visit on Friday. Made for a lot of excitement.

I wander if it is the case that people are reading too much into the PM to visit on Friday, I thought he was over there principally for matters relating to the Northern Ireland assembly.

I am still sceptical that **** building will deliver a significant profit margin, having said that just 2% on a billion is good for a business with such a low current valuation.

Let’s see, those of us are here big time and have been around for a rather long time are probably rather less optimistic.

Going forward, Harl is in a far better position to raise funds from existing and many new investors as it will be to fund secure profitable growth not survival. I am think especially of IM the nonsensical JR concludes on its favour. No more sp damaging sweetener warrants!

As much likelihood of National Flagship Project happening as JW passing his GCSE English exam

A nice big contract would merely keep the wolf from the door and just perhaps allow the to realise the benefit of IM , the jewel in the crown.

Brave chap, plenty of buying opportunities present themselves here and that looks set to continue. Shame the sp never goes anywhere