Member Info for Lottie123

The share purchase by the boss of the gas storage project, as announced yday, should be a confidence boost to all. She will have undoubtedly attended all the public meetings and had untold contact with the decision makers. Given a prelim authority was granted way before the public consultations, the decision should not take long.

Much has been speculated about the SP uplift should the marine licence be granted. My belief is that initially there should be a 100% rise from current levels. Then the onus will be on management to achieve minimal dilution during the funding process, that could easily be further accretive by another 100-200%. To really drive gains beyond this, investors would need to be persuaded that the company has growth potential beyond that of a utility energy company. That is where H & W comes in. The new chairman comes most recently from a strong shipping background. Prior to that he has held senior positions at BAE and QinetiQ. Given the governments commitment to regeneration of the regions and the 30 year plan for shipping, his appointment looks inspired. I am hoping that the temporary delay (in November) to the £1bn naval support vessel contract was to allow Brexit thus removing the EU rules of open international tender. For a company with a market cap of only £12m the earnings potential is staggering. Of course, you have to take a leap of faith.

Some momentum investors may become interested today as over 5% of the company will have changed hands...might give them a heads up.

No, cant see the need for another print. In the last 2 weeks, ten of my old City trader/broker mates have bought in following my FB post on the company. They see it as option money which is the way to encourage new buyers at this level. Wish I was still in the market, I would push the **** out of this idea.

Fat finger...as for the other 9m shares, I would think the MM kept them and has unloaded this morning at a tidy profit. It's what we used to do.

I appreciate he will be chair of the group but I focused on H & W as his past in cemented in Shipping and Defence Industries. Given the cancellation of the £1bn support ship contract in November, I feel this will be a big news item post EU when these 3 ships can be built in the UK without the need to invite European builders...but I take your pount

Having sold 254m newly created shares in exchange for the £700k debt owed, the dilution is equivalent to a rights issue. The remaining £555k debt is payable on 14th Feb. It is not freely convertible BUT if it is not repaid on that or an extension granted, a further 200m newly created shares will need to hit the market. Let's hope the new H & W boss starts Monday with a flourish!

This is fantastic news. The institution, if one of the significant holders, will have to declare increased holding. However, the balance of the loan (£555k) falls due mid Feb. It does not have debt/equity rights like the previous loan conversions. The slow SP slide should now be reversed, with accretive behaviour into the new H & W boss and ML decision.

A trade like that would have been , to a degree, placed already so possibly yday business. It would be nice to have a clarification if it is loan note conversion.

Is there a fixed time period for ML decision after 8th Feb public consultation conclusion?

Artemis Technology...fat fingers

The CEO, Iain Percy (olympic gold sailor) has suggested a tie with H &W on future ship designs.

I spent 30 years as an investment banker in the city. Have bought and sold stakes in companies since the 1970s. I am telling you that this is a fantastic opportunity but...these clowns have diluted the **** out of the potential. H &W has drawn me to this company. I am totally behind the regional rejuvenation that shipping can offer. I am a realist thru and thru. I see opportunity but also poor fiscal management
Hey ho.

Given the enormous dilution already happened and the huge amount of further new shares from loan notes, warrants ect, making significant headway will be tough. However, if the government come thru on their 30year commitment to the shipbuilding industry and gas storage project gets the green light...who knows.

Anyone have an answer???

Without reading thru the loan note document myself, can anyone tell me if they can convert the remaining £805k at any time and at 0.0025p??...thus another 323million shares. Thanks

With apologies, I missed the 6th Jan Loan note announcement,
clearly the selling is a result of the 57m new shares as a result.

Only 20m were vested on 30th Dec. The selling is far more aggressive. It appears another large holder is selling. Yes, its poss something is coming that implies additional supply. One positive is the bid holding. Let's hope someone has a significant working order. Should the bids drop from here it feels like another drop might occur.

not sure what is a decent size trade in this but picked up 1.5m today

New Investor having read articles. Like the issue of sip building and regional regeneration. Bought today looking to add.