RE: 50% Share Price Decline in 20237 Jun 2023 22:36
H9 , I missed your post earlier. Re price during Covid era. There was an endless inf supply , Sapien contract , Appledore Pontoon win , RNLI contract , Marine licence, purchase of Methil and Arnish , a boat , to name just some. So yes the SP was riding relatively high as the supposed good news kept flowing. The FSS contract will definitely underpin the future of Harl. You know the precise reasons why the SP has collapsed since then. The slashing of the 2022 numbers and moving Quorn , Cory and other staged pyts into 2023 , the lack as of yet of signed funding and the challenge to IM. The market Is usually forward looking but dislikes uncertainty , failed commitments to meet dates and any involvement with the judiciary. There are numerous other reasons which I'm fully aware you fully comprehend , inclusive of sentiment which can be manipulated in periods of no news. Many catalysts here to get us back on track and I for one fully appreciate the lifescycle of a company in this stage of its growth and see nothing as of yet that causes me undue alarm. Whilst fully acknowledging your view of the company , fortunately for me I wasn't invested at that time and only entered when I believed H&W had a dam good chance of winning the FSS contract. I personally wouldn't have invested prior to that. I believe the company was in a dire financial situation. You obviously chose to and now have the choice to leave , cut your losses ( if you are in the red) and put your money where you believe you have a better chance of making gains. Remaining invested if you believe JW is not a competent CEO seems crazy to me. They are now in receipt of 25mm FSS , 16mm from Sapien and have had thus far a very busy H1 at Belfast and have announced further contract wins of 10mm in addition to the 750 /800 FSS contract. Get the financing over the line and sentiment will return.
Couple more weeks for the negativity fountains to spout as we approach confirmation of the results we already know and then onwards and upwards.