Member Info for Lottie123

two segments of hw business focus are firing on all cylinders. defence was sighted by rolls royce as an influence on its stella performance. this follows bab**** share price hitting a multi year high on renewd dividend and bae still flying high.

now cruise is in the spot light with royay caribbean surging 9% yesterday, on much stronger than expected revenues and earnings. this lifted the entire sector.

There appears an increasing trend amongst FTSE 100 companies to start, or increase existing share buy backs. Hopefully, as they see value in the market vs international peers, UK investment institutions will start to repatriate the huge level of investment in overease companies. With luck, this recognition of under valuation in the UK will filter down to smaller companies.

wow! rolls royce blow the market away following on from bab****...total re-rating of the share prices

I was very frank with the board at yesterdays AGM. Durinf the 4 years of being a shareholder, i have heard numerous promises re contracts eg revenues, cash flow balance/breakeven. I claimed that the company had spent c£150m over the last 3 years and the pay off is still not clearly evident. I asked, how with 51% of coastal fabrication, the smaller contracts focus JW alluded to, after the Saipem failure, had not materialesd over the last 8 months. I asked about HMS Atherstone...about the £75m upgrade to Belfast and will it just benifit the Freeholder of the estate...adout the grern tugs cost and order potential...about building a demo of the fishing trawler they offer...about the Isle of Scilly contract, timing and size.

Whilst I vented my spleen on behalf of frustrated long term shareholders, not for the first time i might add, I feel the mood of the board was far more understanding and dare i say, more confident.

To take the replies in order.

Small contracts are on going but many companies are now insisting on complete non discretion. I accept that on the whole but if they were plentiful, 2023 revenues would be guided higher. Hey ho.

HMS Atherstone...still being stripped. In the fullness of time, it is expected one of several options will result in future use (revenues).

The £75m Belfast upgrade is not as i thought, primarily buildings but the lion share is capital investment for state of the art engineering. Very good.

Green rugs. Understandably, JW did not want to disclose the cost of producing the two vessels but they board were quick to state that they have received in excess of 60 enquiries...very good.

A fishing demo would be great but only when money is more freely available.

The Isle of Scilly...HW are in the frame with 2 other builders. I stated that the ferry operator had borrowed £40m so what is the value of the contract...Understandably JW was unable to confirm size and timing...however, when i pressed him about the end of July timetable and chances of winning, i noticed a few board members smiled to each other...hopefully a sign.

Having been to 3 AGMs, an EGM Investor events and a tour of Appledore, this was a far more relaxed and reassuring meeting. If i had invested for the first time recently and gone to yesterday's AGM, i would have doubled my investment after leaving the meeting. Sadly, i am fully invested and cannot take advantage of this, in my opinion, very low valuation to potential.

See todays Daily Telegraph. Government to back ship building/export... Mentions HW.

Chris...see you there.

Lse...it states in the document, preference of shipyard to be announced by end of July

As a side issue to energy storage, electricity prices in Germany are turning negative in the heat of the day due to the record solar instalation of recent years. 2023 will see Europe install 60 gigawatts, a third higher than the record set in 2022. This will accelerate the need for storage Europe wide.

As wind installation accelerates in next two years, with the grid lacking sufficient connection to the grid, coastal storage will make huge fiscal sense. If i was a wind operator, i would want to buy a proposed gas/hydrogen coastal storage facility...hhhmmm, i wonder where i could buy one off the shelf?

Xenon...I share your frustration. July 2022 saw the last, non government, contract of relevance...to move the dial on the depressive cash flow. The company bang on about 52% of coastal fabrication yet nearly a year of nothing from the private sector. The hiring of key personnel goes on at a pace...the cash burn gets worse. They need to pull a few rabbits out of the hat if 2023 forecast is to be met. Remember, JW guided 2023 to £115m revenues before the significant revenues of 2022 were deferred to 23.

The company bought HMS Atherstone with great fanfare and promises of it being a winner post stripping assets...no a dickie bird since.

I think we have a right to ask serious questions.

I have suggested to management that they build a demo of the fishing boat they have shown (virtually) at two years of fishing industry exhibition in Ireland. The best way to sell is to show the finished product. They claimed they could not afford to build it. Hhhmm

Just saying...not the first but await orders.

https://echandia.se/news/article/tug-of-the-year-powered-by-echandia/

Fantastic hire and I see he went to Sandhurst which ticks a big box for me.

Thanks Lse...

The point of these schemes is so easy to understand, I fail to see why any quoted company would not implement it. There is a far more important issue to back up the reasoning...especially when a company is languishing in a potentially, grossly undervalued position.

UK investment institutions, pension companies etc, have totally abandoned investing in UK plc. The percentage of their portfolios invested here, have plummeted since 2000, from around 55% to just 3%. The prospect of a Labour government will not reverses that drive to invest overseas any time soon. So, if UK companies cannot rely on our own pension companies to invest in OUR companies, our companies should find ways of encouraging direct investment by, amongst others, employees.

If HW employees put £100 a month into a tax free company share scheme, 800,000 shares (at current price) would be drained out of the market...each month.

To me, it makes sense but what do I know.

Roly. Good post.

I have written to the company today voicing my thoughts on the lack of business. To be honest, I am sick and tired of hearing JW say they have 5 business sectors and 52% of coastal fabrication footprint.

If that is the case of such a large proportion of capacity, why can't you get a decent % of the UK work, especially following the employment of so many client facing new people. As for the 5 areas of business...yes, defence but at the goodwill of the government...a bit of cruise paint jobs...renewable work fro. Saipem was a disaster and nothing new since. I am growing very tired of constant talk of bright sunny uplands. If they really believed all the hype...and I have listened to it for 3 years when the share price was mid 30s...they would be buying far more shares for themselves or better still, do a share buy back. At worst, initiate a staff share purchase scheme which would give then a tax break and add to demand for the stock.

I understand the long lead time on large contracts but last year we were told that the company were focusing on smaller contra ts to fill namely Arnish and Methill. 6-8 months later, nothing.

Stop constantly talking about your footprint and potential and show us long serving shareholder supporters some respect.

Welcome back Stokey. For so long my feed has been full of blocked entries due to the proliferation of posters, confusing this site with a mental health, self help group. Sanity is being restored.

Https://www.energylivenews.com/2023/05/22/uk-wind-farms-forced-to-power-down-resulting-in-millions-lost/

Forest. It's not about the Quantity of money as money supply has contracted sharply. That is far more influential on inflation...as is the velocity of money, which is also not inflationary at the moment. I assure you, the villain of inflation is firstly, food prices were at a 50 year, inflation adjusted low, prior to Ukraine and energy was close to 20 year lows. The reversal of these two factors from, recent highs, will drive up crop yields thus potentially push inflation into negative territory early 2024.

The recession in Germany coupled with France announcing this week that 6 nuclear plants are coming back online early, will help keep energy pricing low...despite Saudi Arabia attempts to do otherwise.

Now that gas and electricity prices have fallen dramatically, in the case of gas, down over 90% from last years highs, the next big test will be when fertiliser producers ramp up production. Being hugely energy intensive, the economic impact of gas last year forced many to cease production. This in turn sky rocketed fertiliser prices which led to not only, huge agricultural cost inflation, but a cut in crop yields.

This is why retail inflation has proved to be so stubborn. The good news, which it appears the Bank of England can't see coz its further than the end of their nose (BofE decision makers are now x civil servants from the treasury and not taken from top city influencers) is that inflationary pressures in farming are not only easing, they are now reversing dramatically.

Just take a look at the price of diesel when you go past a garage (another big cost for farmers), you will see the premium over petrol, has collapsed. This is due to huge seaborne cargoes from the middle east now filling the vacuum left by Europe's primary supplier, Russia.

Inflation will fall without further base rate rises. 100,000 households will see an end to their low rate, fixed interest mortgages, each month this year...in affect, a delayed reaction to the many rate increases so far.

The new applicable rate will be a significant cut in disposable incomes in those households. The Bof E is also selling £billions of the government bonds it bought under the QE scheme. Whilst not alone in this, it is more aggressive than its peers. This in itself is a tightening of monetary policy, additional to the tightening via base rate rises, as it pushes fixed rate mortgages higher.

This has forced, along with stubborn food inflation, longer term interest rates higher than our international peers...see chart.

Following OPECs cut in production last month, oil rallied sharply to $87 pb. That has now evaporated and now below the pre announcements level, at $75. Diesel demand in the US continues to contract and Chinese port volumes not picking up.
Gas has fallen 50% so far in 2023 and at the end of the month, Ofgen will announce the energy prucung, for UK households, from July onwards. This is likely to be 30% lower than the April pricing.
With fertiliser production cost closely aligned to gas, the good news for agricultural products will bring food inflation down aggressively over next few months.
Will the Fed raise rates with lower inflation on the horizon and in a full blown banking crisis? Crazy if they do.

SYNOOGOLD...You say they have not paid the fees relating to the recent failed challenge, in which case, they will struggle to pay the cost of a QC for the start of proceedings today. I know a QC will be facing them so presumably they will only have a barrister...lets hope it's not David and Goliath all over again.