Member Info for Lottie123

Findintheta...i think there will be some indigestion of profit takers for a few days. With the decision out of the way, we can relax. The brokers will be preparing a new research note. Cenkos or Liberum, the new guys announced earlier in the year, are yet to put pen to paper but when they do, they are far more institutional focused than Cenkos private investors.

The index hit a new all time high yesterday, 40% up in 2023. All those woke fund managers who shunned defence must be struggling to justify their huge bonus this year. Defence is back in fashion and the higher the p/e multiples of the big players, the more likely investors will look for the smaller lagards...hopefully.

At last, a Daily Telegraph article which does not lambast the company. With mainsteam media reporting on this landmark ruling, we can now look forward to potential investors recognising the value the company represents.

The share price pull back from yesterdays high was totally in keeping with so many chart break outs i have witnessed over decades. Given recent lows of 8p, profit taking was inevitable. Little in the way of technical resistance, all the way to 25p now.

https://www.telegraph.co.uk/business/2023/08/31/titanic-shipyard-wins-legal-battle-store-gas-irish-caves/

Karean. I raised that point on JWs LinkedIn page. Strange that they diss BMT design over their own. However, BMT may have been constrained by the steamship companies brief.

The shop broker, Cenkos, issued a note (buy recommendation) at the end of July when the latest contract was announced. They looked favourably at the growth in revenues, with EBITDA positive in 2024. They made no mention of IM, valuation or revenue enhancement. I can only conclude they will now add some sort of value (to IM) and issue a revised forecast. Their 2024 debt servicing costs of £18m will be reduced much further in reality, this helping the company reach free cash flow and profitability, much sooner.

Lets not forget the huge fabrication required for IM. That was one of the reasons to buy Belfast. This gives greater possibility of blowing the lights out of the 2024 revenue fcast of £200m

18p gives a market capitalisation of £30m. That is lower than the last, pre judgement bid they had for IM. That puts no value on a near £1billion order book...with more in the pipeline. I would think £50m is first stop...30p high following FSS

Sadly i am not linked in to listen. Has it been completed or are a few points still remaining?

The closing price is key for me, above 16p and the house gets remortgaged

How great if he left his post to become top dog at HW.

No point trying to read between the lines. There is a bigger story here. Clearly, both parties cannot operate this route and make money. We are pawns in the game until all is revealed. There be mist on the seas this morning me harties!

Roly, yes look forward to chat at HW get together. For interest, look at todays high on this page and the London Stock Exchange page. Both say high of 16p. This is a high mid quote and not, as you can see from the trades on this page, the high for the day.

The close below 16p makes this level, an even more important very, very strong resistance. I hope it breaks.

Roly...Stock jobber with Akroyd...LIFFE trader with seversl firms. European Equities with Merrill Lynch and Lehman Brothers . No fee with IG just need trading account.

Roly, if i change from High,Low,Close to a mid quote basis chart, i get the same. I suggest you try a high, low close bar chart if your system has that setting...

Ok Roly, understood. Mine are from IGINDEX

17th may, 13th june, 1st August, 14th August

16p is huge. Its is a multiple high. Its the shoulder line for the inverted head and shoulders (see high,low,close bar chart poss 4 hourly) and very very importantly, its is the downtrend line from December 2020 which was bounced off, forcing the price down, on numerous occasions since then. A close above is the holy grail.

Yesterday's move lower, helped the symmetry of the inverted head and shoulder pattern perfectly. A sideways move for several days with a low no lower that 13p would put the icing on the cake. All that is needed after that is a positive JR and a target of 24p becomes perfectly reasonable.

Stokey. A loan note would incur a higher yield. Not sure it would appeal to investors. Just my opinion. A convertible into an exciting growth stock has rich investor appeal. Yes, dilutive but at a premium so it appeals on two fronts, cheaper debt and a capital raise at a premium...whats not to like...IMO

To all the doomie doom bug doomsters talking of a capital shortfall. If they complete, as expected, the new finance package and get a few more substantial contracts, i am sure the cash flow will be in very good shape. If all this leads to a re-rating...the market capitalisation could easily surpass £50m on its way to £100m. I would conclude that is ample and negate any need to rush into a further capital raise. If the IM outcome is positive, the revaluation based on asset value/ income stream would be a good potential timing to raise. I would suggest they issue a convertible bond secured on IM with a convertible price around 50p. This would supply cheaper debt and eventual dilution at an acceptable level to existing shareholders.

Kaeren. The House of Lords debate in July you posted, stated as opposition to the private funding, that the company had not informed on the level of price increases required to cover additional funding costs, however, in the companies detailed press release that month, they state that fares will rise at 4% above inflation (or less if traffic is accretive due to larger capacity both passenger and freight) for three years. That does not sound like the onerous levels of rises the Lords were scaremongering about...just a thought