Member Info for Lottie123

Roly. I am hoping that, as both The Isles of Scilly and Appledore have Conservative MPs, they would be inclined to try and encourage neighbourly love.

Roly. 32 invited to tender with only 3 in the final phase. BMT, HW design partner for the FSS are the disigners as well.

Of course, a close above 17p would be the holy trinity...head and shoulder recersal...a break of the Dec 2020 downtrend...and the 20 day moving average going avove the 50 day...hey ho, one can dream

I remind people to look at the inverted head and shoulder formation, best seen on a 4 hourly chart. Nothing is broken until a close above the neck line of 16p. Charts show a potential change of sentiment, supply/demand and direction of travel...nothing else. Fingers crossed

Discussions with the Dept of Transport re debt proposals vs operational expectations have delayed the announcement of preferred ship builders but this is not expected to delay the proposed lauch dates, in March 2026.

As Rolf used to say "Can ya see what it is yet?"

It appears to me that a reversed head and shoukders pattern is forming with 16p as the neck line.

It looks a bit more obvious if you use the 4 hour chart.

Only time will tell but with the downtrend line from late 2020 coming in around 17.25p...the scene is set.

Following the companies merger with FinnCap on 8th September, the combined entity will be called Cavendish.

The FTSE 350 Aerospace and Defence index is now up 40% this year, no doubt helped on its way by Barclys sharply upgrading BAe today, raising its price target by 25%. How sad all those woke investment managers who blindly followed the ESG fad which saw them divest of all things fossil fuel and defence.

As the big players in defence get higher PE ratings, bargain hunters will look for other, smaller players left behind. Time will tell.

On balance, I have noticed a pick up in small/medium sized share puchse, frequency. Whilst individually they are not enough to turn the dial, collectively, they are beginning to add sufficient daily demand. The positive news response, from the various company announcements, is clearly resonating with private investors. Given each day sees a decent supply, it remains to be seen if this renewed enthusiasm leads, without RNS, to positive price movements. Time will tell.

Chrisatrdg...thats Appledore

Interesting comment from CEO of BAe that institutions who shunned his and other defence companies... because of the ESG craze that swept the investing community these past 5 years...are now taking meetings.

The FTSE 350 Aerospace and Defence index hit a new all time high today and is up 30% in 2023. That will teach the sheep that manage these large investment institutions. Maybe now they will start to look at smaller defense exposed companies to try and catch up.

BAe reported fantastic figures today and raised guidance in all areas, sales to profits. What was more interesting was the order backlog at £66bn...truly amazing number equal to 5 years sales

This is so important to help bring manufacturing/engineering back to our shores as it stops the government departments just looking at cost. It now takes into account the carbon footprint of shipping huge structures from the far east, along with the positive potential to improve local employment. One caveat is the need to encourage cheaper steel production costs domestically.

Its a really important step for companies with a huge percentage of coastal fabrication facilities...cant think who that might be.

The company currently have 50 job openings, advertised on their website. It points to great confidence by the board for more contracts to come.

On many occasions in the last few years we have talked about the long term downtrend that started in Dec 2020 and has capped every big up move since. Until that is broken, we cant get too excited. According to my IG index chart, it comes in around 17.5p. A close above that opens the door to who knows where.

In relation to the £5m up front payment, i would imagine it is to secure the dry dock facility whilst the Loi is in place and non committal. Whilst the Loi exist, HW cannot commit to use the dock for any other customer. So its a Lady godivor in the sky rocket for now.

Two things to remember when revenues start to ratchet up...and hopefully lead to profits.

First, the T in EBITDA eg Corporation Tax, will not apply to profits for some years until the backlog of losses is allowed for.

Second, the value of the facilities that begin to generate profits, along with expensive machinery upgrades, will need uplift.

Stokey. Totally agree. Methil and Arnish were bought out of bankruptcy which was brought about by the green energy (anti fossill) drive. Looks like those assets are back in play and totally undervalued given the U turn.

Stokey. The company had stated previously that £75m of revenues had already been booked prior to this Letter of intent...hence, 2024 revenue guidance of £200m looks nailed on. Of course, £200m brings about the talk of positive EBITDA...cash flow in balance at worst and continues the growth expectations.

Kaeren. I have sent you a LinkedIn request. You will not know it is me (male with Initials PH) so might reject out of hand. As we have a common goal, I thought it might be of intetest.