Member Info for Lottie123

Well said Sachyboo. None of this need happen. The drastic decision by loyal shareholders to take losses was caused by a media article which only had the oxygen to breath due of the vacuum of negativity which grew because the BoD have little or no experience running a quoted company. Private companies can play cards close to their chest and do as they please but quoted, need to be aware of seriousness of the environment they are in. I hope this day is a warning shot to JW and AR. Their behaviour has been amateurish for senior managers of a quoted company. The losses shareholders took today, was because of their lack of judgement. If you want to soar with the seaguls you need to learn how to hoot with the owls. If you can't manage a quoted company of sub £20m market cap, how can you be trusted with a sizeable company you so often tell us HW will become. Remember, we own the company, stop behaving like it's your play thing to do as you please.

Ok. So he has not bought due to the impending nature of material information. Let's give him that. So, on the day of funding, whenever that shall be, we can expected a large but order from Aruns broker. Hhhmm. I will buy the first round at the 30p party...notice I have downgraded from £1 due to deflation...if he does.

I think it is worth remembering the Times is linked to the left of politics. I believe the update, as mentioned earlier, that 2024 revenues are almost hit with 7 months to go. Happy to own but still unhappy with BoD

Been here before when we plumbed the depths of 6p. Bought some more. Hey ho either see you in debtors prison or on my yacht

I have just added. Maybe now, when I call for a shareholder revolt, you will listen.

The article is factually correct in so much as any major company devoid of sufficient funding will likely fail. As to the reality of the situation, it is on circumspect.

The problem is, the article opens a gaping wound of the companies making. The total lack of communication five months on from the original announcement, creates an opportunity for the negativity to prevail. Sadly, we are all invested (own) a company which is run by people who have little or no respect for shareholders. I do not believe the article has one shed of evidence, it is a plant by short speculators...in my opinion.

LSE I agree totally on the need to accelerate the FSS programme and in fact I eluded to such a few months ago. This report, whilst correct in all it's assumptions, is lacking in reality. It was sponsored by a US defence contractor. The reality of its findings would require the defence budget to move to 3% by 2030, not the wishy washy Conservative (who knows what Labour would do) pledge of 2.5%.

I do not, without an actual conflict we are engaged in, believe there exists a political will to achieve its aims.

The 6 new ships pledged by Shapps is a rehash of a pledge two years ago. It's an election year so expect more unfunded pledges by weasels.

Halfpenny. Thanks for that. In my opinion, I would question that article. The announcement by Shapps had only talked of a vague design. The contract would not be awarded without some sort of consultation and tender...we will see

halfpenny...contracts awarded already to bae and bab**** you say...can you quantify that?

UBS strategist today issued a report stating that UK small and mid cap stocks have plenty of upside potential for earnings and that they are becoming increasingly bullish and the sector looks cheap.

Goldman Sachs suggested the FTSE has more to go with every sector trading at a discount. They sighted the dividend and buyback trend as very supportive of their view.

the new support ships were revealed in an article in the ft on 20th april. no one took any notice then as lacking detail...as is now.

bae down sharply yesterday following downgrade by boa but bab**** rally today with citibank raising their price target.

Yes Nobby. The board have no respect whatsoever for the owners of the company. Whatsmore, JW has gone to great lengths over several years to boast about 5 sectors and 4 major facilities...yet nothing meaningful new business wise in 6 months. What are all these b2b focused people they have hired, doing. I now understand why Gresham House, the influential small cap investor fund, sold out following a disagreement with JW. They must have realised the board were only interested in their own futures with little or no care for due diligence to shareholders. Hey ho. AGM in July. Let's hope things have changed by then.

Thanks for your thoughts Scaffman. The truth is they have spent between £200-300mm in 5 years. So many targets have been missed. Whilst we are all hoping for £200m revenue, it's still a poor number given 1,200 employees and four big facilities. The company have been at trade shows for several years but still, most of their big contracts are old customers (sea rose and falklands) or the government. Where is the slew of new, decent size customers...why have they not built a ship or trawler??? Why have they not had one green energy order...one green tug order..one green battery order...one aluminium vessel order...its a tosh tosh tosh. They keep venturing out into new areas without actually making one of them viable.

Sca

Xenor. A CFO, is not difficult to replace. Why be concerned? What has he done in 5 years of big money pay? I also suggested a large pay cut c20% to reflect poor performance. Surely pay should be linked to performance. With over 50% of coastal fabrication and four big refurbished yards (Belfast still on going) yet we are hoping that we might get to £200m revenues this fiscal. I would like to point out that this shipbuilder has still not built a ship...not even a trawler or rowing boat with an outborad...nothing self propelled. Barges don't count. Let's not forget the Saipem disaster. All in all. The bounty of promises I have heard over 4.5% years seem to disappear into the ether. Missed targets of revenues and spending with little or no real revenue impact.

Stokey. From the LinkedIn posts of the last two years, more effort has been put into award winning than contract winning. Only the latter pays the bills! As for 5%, I asked the question back in December and was contacted by shareholders with collectively, over 10%...all disgruntled back then.

Xenor. He has used that excuse you a couple of years. Don't forget, he even enjoyed a £1m bonus at our expense. He must either step up to the plate or quite frankly, go!

A bonus of that magnitude and still no sign of profits on the horizon. We have been asleep for too long. The AGM is not far away.

Let's not sell out but use our collective shareholding to force either a departure or salary cuts at the AGM. Let them feel the pain that I have endured for 4.5 years of failed promises.

Arun has taken a few £million without putting his hand in his pocket to share the dissapointment of shareholders. He has totally failed with the financing which has been promised for 18 months. Six months ago they threw us a bone that UKEF were on board. This is beginning to smack of total incompetence on his part.

I hope the BoD are enjoying their fat salaries which are only avaliable because shareholders have been patient with them. They have, over the last few years, employed a raft of business focused people but their is little to show. They have spent a few hundred million but still we sit and wait for regular updates on new business. They have ventured into a totally new area of business without any information as to viability to shareholders. I am beginning to think we are close to a shareholder rebellion where either jobs are on the line or sizeable salary cuts are in order.

They cannot keep treating us in this way without recourse. Thoughts please.