Member Info for Lottie123

It was indeed an awful day. Is there anything positive to take from it? The balance sheet is strong. The net asset value must be around these levels at worst. Appledore tranche is sorted. IM is still a valuable assett. Cash flow now vs this time next year is unrecognisable. All yards are busy ish. Shorting the stock at these levels is very risky unless you believe the company is doomed. There were a significant number of small shareholder purchases today. It is always darkest before the dawn.
I am gutted by today's action by the company but it has not dented my belief things are on the up. I understand how long term holders must feel. I would like to a review by the LSE on insider trading. The block seller of 50-100,000 over last month or so, despite strong positive news flow, smacks of manipulation.
Hey ho, the sun will rise tomorrow and we live to fight another day.

Good news!

Looks like placing closing early 10am good sign

Let's hope there is a good degree of oversubscription as many who get stock at 20p will be happy to top up at these levels creating a decent average. Buyers will appear at 22,23,24 depending on oversubscription. Stay strong, stay invested and get the app, buy more

Reserve all judgement until the close tomorrow. This money on the balance sheet, with revenues now flowing in, makes it look very sound. Until tomorrow

I can assure you I have said all those things to myself tonight. Insider dealing, crappy management, corrupt system...but it is what it is. There is light at the end of the tunnel. If I am right, the placing gets done and its the last one. Don't let the dilution happen right at the bottom. Go for it. If it gets done easily, brings in fresh investors, the share price close tomorrow could surprise you.

I guess many are fuming right now but this is a time for a clear head. If I am wrong, it will make a real dent in my wealth.
None of the shares on offer are premtive rights. You do not have any rights. If you do not want to be diluted, you must download the app now, open, a fairly easy process, account. Then apply for shares. This offer should close early tomorrow. All the other shares will go to institutions and probably Cenkos clients who have been selling, shorting over the last few weeks. The way this is created suggests to me that the major placing has been done or Cenkos are very confident...and why not. They hold all the cards.
I have applied for another 100,000 but there are two outcomes. They could say very early tomorrow that the issue of 7.5m Primary bid shares has been subscribed and all get a large percentage allocation or they keep it open to allow existing AND NEW shareholders time to apply thus diluting your application.
If you have ridden this donkey thus far, don't fall off now.
Yes...I AM LIVID...but hey, that's life.

Ps. The uptrend support line will rise close to 29p by Friday thus making a break up...or God forbid...a breakdown likely. I am relaxed.

As I mentioned last week, the technical support came in at 27.50p. Having bounced off that, it adds to the validity and strength of the upchannel. I am not sure we can break the 30-31p resistance without some form of additional news. This level had lots of noise on the way down as it was the placing price of the most recent issue. Those lucky enough to have bought lower may be trading out a portion into this resistance which, coupled with the possibility shareholders who bought in the issue (at 30p) might be cutting out having seen a near 50% loss not that long ago. Anyway, this is the second foray at these levels and if and when we close above 31p, I will be turning off the heating and diverting any spare cash into a another huge bet. Stay strong and stay invested.

£1.5m is due at end of November. Hopefully, cash flow is sufficient to pay it without further issuance.
Happy with price action this week. Plenty of holders took profits ahead of the 30-31p resistance. Many will be looking to get back in on pullback. 27p is the uptrend support so I topped up this after noon. Looking to add further to 200k

I have emailed Seena Shah for an explanation.

Can someone enlighten me. I am not a stranger to a balance sheet but this has got me stumped.
In the notes to the accounts, item 2, Earnings Per Share...the Number of Shares weighted average shows 3,142,111,198...
What is this figure please?

Hi stokey, in your earnings review, no mention of IM fabrication. This could, providing swift progress, generate substantial revenue.
As for developments in the wind sector, significant jacket contracts must be considered better than 50/50. In all, I honestly think your estimate could be double. I understand you were being conservative and I, wishful.
The key is net profit. Given the significant refurbishment costs taken over the previous 18 months, net profit should be well within the companies grasp Q1 or Q2 at the latest.
To justify the current share price on earnings alone, around £3m net, would suffice. More than achievable me thinks. The key now is, what do the market big wigs think is achievable in one, two or three years hence. We as shareholders feel strongly that these, so called professionals, fail to grasp the possibility that earnings could be so substantially higher, an element of discounting should be reflected in the current share price. My decision to significantly raise my exposure to the company is based solely on the belief far greater earnings are very achievable. Stay strong, stay invested. Looking forward to comments from yesterday's investor walk round Methil.

As per my recent technical review of the share price, I did as I said I would, adding significantly following a close above 27.40p. My next target to add is a close above 31p. The uptrend support has risen to 27.25p for those wanting to but on any pullback. Stay strong, stay invested. This may be a duplicate post as my first seems to have gone to never never land.

As per my price and chart review, I added significantly once we closed above 27.40p. I am preparing to add significantly should we close above 31p. Stay strong, stay invested.

Very happy with price action this week. Strong support in the form of a rising trend line at 26p. Resistance now building nicely, the stronger that is the more significant the move if and when broken. The rally since the ML was first granted has had several intra day highs of 27.75 and a closing high of 27.40p. The weekly closing high is 26.50p. Given the significant % gain for more recent entrants in the stock, I am content some have been profit taking near the resistance levels, with an eye to get back in on any pullback. This helps create support for now. Breaking the resistance depends on either new positive news or the stock failing to fall back over time. The latter will encourage short term sellers to get back in thus changing the supply demand curve dramatically. I will buy more (120k) to date, as and when the close is above 27.40p. Next resistance is around 31p

Great news and I really feel for the long term holders. Technically, a close above 27.40p is key to breaking 30p...on the way to 50p. Its important to think about the fabrication needs of this project. Belfast will be buzzing I am sure. 2022 will now be a net profit year so we will need to think about yield. What a great thought.

Great news and I really feel for the long term holders. Technically, a close above 27.40p is key to breaking 30p...on the way to 50p. Its important to think about the fabrication needs of this project. Belfast will be buzzing I am sure. 2022 will now be a net profit year so we will need to think about yield. What a great thought.

TAPP. The net present value makes total sense. I wonder what the board would do if they got a cash bid anywhere near that for 100% ownership. I would imagine that NPV does not take into account profits that will/should/could be made by the company doing all the fabrication for an external owner.

Considering 43% of shares are supposedly tied up with institutions. The volume over the last month or so is all the more astounding. About 80% of free float traded in last month or so...just staggering