Member Info for Lottie123

I am at a loss. The SP has given up over 50% of its gain from the low. We have had a couple of positives eg new shareholders and small contracts vs the potential negative of a delay to the accounts. Volume has imploded, Market makers seemingly backing away from any long positions. This all makes no sense. Whilst I know AIM is a law unto itself but this is beyond me.

As we ponder our future as HW shareholders, I am wondering how much it would cost to create from scratch, our four fabrication/build facilities. From acquiring the land to infrastructure and finally, very expensive equipment. Much has been written recently about the eagerly awaited 2021 accounts. Concerns have been raised as to revenues and value of purchases. Well, my thoughts are that 2021 capacity utilisation was probably less than half what it is now. Lets say, from 25% then to 50% now. Given rampant inflation and better usage of all facilities, a significant positive revaluation would not be out of the question. Having purchased theses facilities from bankruptcies, no value would have been implied on potential profitability. Therefore, the significant uptick in utilisation would significantly improve overall valuation. Given recent announcements by BP et all on their UK investment intentions, I can see huge capacity restraints going into 2023 and beyond. The current market capitalisation significantly underestimates the current replacement cost at the c. 50% utilisation rate. Once higher rates are achieved, multiple revaluation will ensue.
I do not class this as rampant rose tinted glasses, merely a reasonable view of the facts. Sadly, our blinkered investment community choose not to share my opinion.

This report highlights bottlenecks and constraints in fabrication. Current capacity is not enough to meet demand for this enormous project. HARL should be signing contracts this year for 2023 onwards.

https://www.crownestatescotland.com/news/scotwind-developers-set-out-multi-billion-pound-supply-chain-commitments

Stokey. What are you talking about an announcement re the 21 results?

Hebrdiean. I can completely understand your opinion. It must look that I am always a cup half full poster. I can assure you, with a huge amount of skin in the game, I too get scared witless when the price drifts without any apparent reason. The decline over Easter saw days of only 10 trades. Take today for instance, we know that 2x 10k are buys and a 52k buy. This leaves me very concerned as the majority of volume is buying yet the MM are backing away. Is that because the FTSE is at a 5 week low today...possibly...is it that they have got wind of the much anticipated accounts and they are really pony...possibly. Either way, I am not trying to ramp, just giving commentary of how I see the technicals. The moving averages are all still good and the RSI is now back in neutral territory...hence I bought again today. By buying I am putting my money where my mouth is, I hope that explains.

Happy to add 10,000 at 19p which is a 20% retracement from the high.

Sterling and Oil are down sharply

Bumpy start this morning with the main European indexes falling between 1 and 2%.

Stokey, to my mind, it would be bizarre if the Belfast Harbour authority chose anyone other than their local shipbuilders for local employment reasons. If this goes abroad someone should be shot!

Charting technicals fail when trading volume suffers from the holiday doldrums, as it has done during the Easter break. With the main equity indexes drifting under the weight of conflict and inflation, it is no wonder we settled below the uptrend support. 19p is now a key support (previously major resistance) as we get back to business this week. The comfort we have is knowing that a placing is not going to happen and that positive news continues, albeit at the lower end of contract value, is nevertheless supportive of cashflow and an ever wider client base. The various wind farms around the UK are moving ahead at various stages of planning. Contracts for various fabrication requirements will come thick and fast as the determination to proceed with wind generated power is assured.

Stokey. You say HARL did not win. Who did then?

The Northern Echo reports an international company is to build a major undersea cable production facility on the site of the old Redcar Steel plant. Inward investment is beginning to pile up in an effort to ride the wave of massive investment in Scotwind2 and other planned wind sites. Eventually, contracts will need to be signed to secure production capacity at fabrication yards. Whilst these wirly gig bases might not be needed until 2023 onward, it is likely, Memorandum of Understanding (MoU) will be agreed between parties in 2022.
As for the share price, today the uptrend support line is at 20.5p with top end now at 24.75p.
50 day over 100 should happen Weds/Thurs. RSI now back from overbought and no longer weighing on the price.

Oh just to add...the 50 day crosses the 100 by next Friday...isn't it nice knowing good news will not be followed by a placing.

The positive news flow is cementing the upward momentum. Mondays peak at 23.5p confirmed the top of the uptrend line and along with the RSI needs consolidation. The bottom of the uptrend is rising to give support. The 20 day crossed the 200, as expected and the RSI should weaken by Friday. All this is a solid foundation for a higher share price with only the uptrend channel to keep any significant up days in check. No major technical resistance until 29p. As for the Report and Accounts, due out soon, very little importance in my mind. The only thing that will matter is statement of on-going (and prospective) conditions. Significant docking did not start until late last year. This has accelerated into the new fiscal. The future is our focus now, not the past.

Stokey re Lamprell. They will act as main contractor then subbing the local content. It saves the power company dealing with multiple fabrication companies.

Indeed Albertoz... Lamprell have already said they have capacity restraints so in no way could they supply this contract on their own.

Agree with commentary...but good news is good news. 20day moving average will cross the 200 day by Wednesday if we keep this performance. A close above 22p gives no resistance until 29p.
The RSI is toppy but will ease by Thursday when the big move on 28th March works out of the system....mostly based on a 14 day rolling performance.

Roly, my charts only go back to 2013 when the price was £12. It looks like there was a placing at £10 in 2014 as well. I am new to company only December 2019.

As they say, Blair and your chum, beauty is in the eye of the beholder. You have an agenda which will never allow you to see the benefits to youth employment, energy security and a quality of Iiving not avaliable to communities, in which HW are attempting to develop. Your selfish blinkered attitude will benefit no one. I am committed to helping this company raise hope where, for many, despair has blighted people for a generation. Ask all those recently given an apprenticeship if they appreciate your hatred of this company. One day, and this is the real positive, you will draw your last breath.

Can we forget this for now. Do not reply to the tree huggers. What will be will be. Nothing for 6 months and nothing said on here will change the outcome. Let's focus on the positive for now.