Member Info for Lottie123

https://www.bloomberg.com/news/articles/2020-12-12/u-k-due-to-set-out-major-energy-investment-plan-on-monday?sref=RCarYcNx&utm_source=url_link

Monday sees the long awaited government white paper on future energy supply, including hydrogen, carbon capture and storage. Hopefully, this will give the clarity needed to grant a decision either way.

If I was a gambling man, I would expect the weekend press to run with the revival of British shipbuilding.

We need a close above the Oct 2019 close of 52p. That achieved, 60 holds mild resistance but 80p would be next major top. On the downside, 44p must hold to keep the positive move in place.

Interesting article on the pros and cons.
https://www.bloomberg.com/graphics/2020-opinion-hydrogen-green-energy-revolution-challenges-risks-advantages/?srnd=premium-europe&sref=RCarYcNx

Gresham House Fund Managers who took a stake on the recent placing, have raised a substantial sum to invest in new energy storage projects.
Maybe to part finance IM
https://www.solarpowerportal.co.uk/news/gresham_house_to_finance_245mw_of_energy_storage_with_120m_fundraise#.X75IJAly2Ac.facebook

Si...you are very ON THE MONEY.. The hydrogen they produce is as a result of the electrolysis of BRINE to make chlorine. So you see, it makes perfect sense...to me anyway.
He is worth £25bn and building his own version of the Land Rover Defender. Its called the Grenerdier, which was the name of the pub he was in when he had the idea.

Ineos, owned by the UKs richest man, has signed a deal with Hyundai for the production and supply of Hydrogen. Ineos already produces 300,000 tonnes p.a. as a by product of chlorine production. The company has underground gas storage which is being considered for hydrogen. Should the ML be granted, it would not surprise me to see Jim Ratcliffe, who is building his version of the old Defender, bid for INFA. Just a thought.

Yes, the 43 closing high set in late May is important. We have not managed to close above 42 since,which is a downtrend from the 46 high set around that time. There remains a large supply of stock. That supply has been present into every rally since the placing. Look at volume on up days. Until that supply can be exhausted, significant headway will be difficult without confirmation of all the positive overtures. We need concrete evidence of profit generative business.

At last the company is on the front foot. Now threaten legal proceedings.

The longer the ML is delayed the more cautious we need to be. Next month sees the start of the first Tesla battery storage facility in the UK. Although only a fraction of what is needed to protect the UK from periods of low renewable energy production, it may be looked upon as a substitute to gas storage.

Stokey12....yes, i agree, Appledore bought August but 8 think the curve of costs incurred did not start until just recently. I would guess it has accelerated sharply over last 8 weeks and will continue with the several hundred hirings early 2021. This is a gamble on the UK government coming through. Whilst I believe they will, its a gamble nevertheless. On that basis, the share price can only drift as costs mount. Concrete, profitable business of significance is needed. Until then, nothing can be done.

I commend the management on putting together a strategic position which is well placed to thrive
, should the government follow through on their intentions. I have reduced my holding again today as I see the roadshow of little use given the lack of assurance about earnings. Breaking even in September is one thing but since then they have taken on a far bigger cost base. I will remain invested as I still agree that the right approach to energy, is storage, and regional regeneration helped by shipbuilding. Given the continued significant supply of stock into every good news rally, I will once again add to my position should the stock break below 30. Wishing all for a speedy ML.

In the run up to a series of presentations by a company, optimism usually holds sway over the share price. In this case, supply has been abundant. My guess is that either a large seller is still present or the market makers took a large position in the recent placing. My guess is a mixture of both. As you can see from the chart, volume on the rallies (positive HW news) has increased sharply. This has caused a protracted sideways movement over several months. As you point out, this range is now a straight jacket which, when broken in either direction, will induce a significant continuation of movement. There are now numerous trading bottoms at 34 (strong support). On the upside, the highs have reduced over time with 42 being the lid. As shareholders, we of course see the positive potential of Tuesdays update. However, with stock still for sale, it will need to be a presentation that delivers a strong foundation of returns on the investments funded by yet another call on shareholders. Anything less, I am afraid to say, will test the support.

Radders99...might be ok for Northern birds but darn sarf, they expect a lot more. The elastic is a lot tighter

Ref: The Roadshow. I cannot see why anyone would sell the stock between now and the 10th Nov. start. By announcing such a move, you are giving a strong impression that you have something very positive to say. I expect the goal is to encourage more institutional investors. Failure to deliver would be like finally getting the girl of your dreams to agree to a date, then taking her down the local chippy by bus.

The Chinese Yuan has been hitting 12 month highs recently and the government are doing all they can to restraint it. It would be a blessing if the Chinese, Korean and Japanese currencies could make much higher ground, say 10-15%. This would immediately put H &W in a stronger pricing position. I will update if further signifcant upside is achieved.

Sorry...at the end of my piece on dividends, it should read...would be seen as foolhardy

I think estimating a penny per share dividend is about right given AIM stocks yield around 1.5%, FTSE 250 2.5% and FTSE 100, 4%. As for the merits, a dividend should only be considered for payment if the current revenue is expected to be maintained or increase. Its always a sign of the managements confidence in the future prospects. I concur with the general consensus on here that self funded growth is the key at this point and with potentially significant capital spending requirements on the horizon (fingers crossed)...paying a dividend would not be seen as foolhardy.
As for light volume, I see our large seller has been in evidence again. It remains to be seen if he is content to sell in days of significant demand or, if we have several low volume days, he pushes on and forces the share price lower. I notice from the charts that we are in a slightly ascending wedge formation with significant support at 36 and resistance at 42. For now, with the absence of solid financial information, we should stay within that range. A close below (36) or above (42) would induce me to act. Reducing on the former and adding on the latter.

Both the Telegraph and Mail pick up on his remarks about re-energising the shipbuilding sector. Whilst very positive they refer to 2023 as likely impact.