Member Info for Lottie123

Exactly Si...yes. the outstanding issues of interest are potentially a massive game changer which would propel HW into being recognised as a significant player in UK manufacturing. You omitted the green tugs which were announced to great fanfare but has since sunk without a trace. Tooo many fingers in tooo many pies with no follow up. Its like a scatter gun approach to business without focus on returns. Maybe, just maybe i am being disingenuous but the share price is confirming a lack of confidence in this very idea.

Reading the tape, buys have out weighed sells by two to one recently with a roughly 100,000 share surplus of buys. Either the market makers have a lot of stock they are selling or they are working a large sell order. Time will tell but positive that a wider shareholder base.

Philip1976. Its interesting that back in August, the company issued an RNS for the Sunshine vessel which had a contract value of only £800,000 but now, we get radio silence when far greater issues are at stake. I understand that the Sunshine was a first of its class to be undertaken but as shareholders, recent vessel arrivals and projected arrivals appear on the surface to be significant revenue providers which have a material impact on annual forecasts. That coupled with the ongoing Scilly isles debacle, smacks of keeping us in the dark. Just my opinion.

Just bought another 16k. Will see what tomorrow brings before commiting more.

No, not my fettish. I decided to test the water. Bought 25k at 10.94 (showing as sell) then saw them print at 10.92 so bought another 10100k at 10.92. Clearly there is a stock overhang. Why?

Maybe the boards clear disinterest in the well being of shareholders

?. So much is going on that has a meaningful impact on the companies future, yet we are kept in the dark.

One last chance for them. If no meaningful clarity on the main issues by end Feb, then I think we, as shareholders, need to ask some serious questions as to how they are using and spending our money...for that is what it is.

Once again they come out hating HW. Lewis Page writes in general about the UK defence production capability but gives HW a particularly good kicking. The company should consider suing the him. It smacks of a concerted attempt to bring the compamy down. The timing is curious given the large block selling during the last month. Maybe just me thinking conspiracy theories but stranger things have happened.

We have seen a significant seller for the last month. Blocks of 50k are common place with 100k thrown in. Surely there is is a big player selling and not multiple sellers. Only time will tell...at least the supply is finding new hands down here. The supply demand curve has not been friendly as evidenced by the languishing price. At sub £20m it still represents a good potential to reward. The government need to be more proactive in encouraging investors in UK companies...dont hold your breath though.

Ps the FTSE is still 400 points below its high and the smaller caps even further behind. The huge undervaluation vs global peers is due to long term bad political decisions along with well founded doubts about UK politics in general. That said, with more companies going private and foriegn competitors on the prowl for cheap UK assets, its only time before value is recognised.

Aside from all the negativity , lets look at the wider picture.

Today...The Dow hits a new high along with major European indexes. Bae hits new high and Bab willy a four year high. Weak economic data is driving a risk on mindset focusing on rate cuts. Defence spending is a strong focus within the general upbeat market performances.

Eventually, a positive backdrop floats all boats. Yes, the constant disappointment of failed/delayed promises gives grist to the bear mill but in the cold light of day, this company will be around for many years.

The liklihood is 2024 revenues will be close to £200m and 2025 should have no problem getting to £300m with the help of FSS commencement.

So lets all get some perspective. At £20m mkt cap, how much lower do you think you can talk this down too?

I am prepared to buy a lot more if it gets to 10p...so keep bashing.

Hi Stokey. As i have said before, the best way to get ships on the water with limited capacity, is to speed up the build . Increased shift patterns would be a first step. The MoD must be thinking of ways to get the FSS on the water quicker. With only one support ship capable of resupply on scale, we cannot put two effective carrier groups to sea at once.

Article talks about incresed navy procurement in size and pace of delivery.

https://www.navylookout.com/when-will-the-type-45-destroyers-leave-royal-navy-service/

I just dont get the wholesale selling all this month. Every time an individual or collective sizeable trades appear on the buy side, stock comes out of the woodwork to more than cover it.

I am beginning to hear the words of Private Frasier ringing in my ears. Meant to be a jovial post not a call to arms for the bears.

wincanton...

yet another company, disgusted at the rediculously low valuation and liquidity in its shares, sells up and goes private.

when will our politicians revive the london stock exchange by removing the restrictive eu mifid rules and by reinstating pension fund dividend tax relief (reversing gordon brown's disastrous move in 1999)

with hw throwing money around with *** abandon, why the hell wont they institute a share buy back. if they really believe all the good things they feed us long-suffering shareholders, the return on the capital employed (to do so) would be significant.

my fear is that, given the 50% premium wincanton sold out for, the management might be tempted by preditors looking for yet another grossly undervalued company, offering several board members vast riches. 50% up from here would still be 50% below my original investment. given we are in year 4 of the jw, 5 year programme, the dismal share performance is without doubt a casualty of the wider market malaise. that does not mean hw should just grin and bear it.

lets start with an employee share scheme to share this undervaluation bounty and give the 1,000+ staff a sense of ownership in the companies future. this will go a long way to enhancing the employee/company relationship when unions start to flex their muscles under a labour government. bab**** and bae have already seen these issues.

i cannot understand why the bod pay so little attention to the share price or the imbedded losses of so many people who have supported them and their aspirations. time to think and act bold!

Well done Si.

Recently, I mentioned the converging wedge of a downtrend line from Dec 2020 and an ascending line from the Oct 2022 low. Due to further convergence since original post, a close below 11.5p or above 13p would indicate a sharp move in either of those directions. According to my charts, please feel free to confirm or disagree, the two lines meet early Feb, by which time a significant move should have happened.

Drango. Thank you for the info..

Yes, Stokey. Any change to the contract raises the value to the contractor ..also

What happened to local content for wind farms...

https://www.offshorewind.biz/2024/01/16/chinese-companies-to-supply-xxl-monopiles-for-1-1-gw-scottish-offshore-wind-farm/

With the UKs only remaining FSS holed up at Cammel Laird for a service, the navy's shortfall is becoming apparent. HMS Diamond which is in the Red Sea, has only 48 missiles to bring down incoming ordinance. This throws our lack of resupply into sharp focus. It is my bet that the MOD is evaluating the cost of contract acceleration.

Added 50k this morning. Looking to add more over next week or so.

Bubble21 et all. I read the Shapps speach but it was mostly bluster. We want Ships from Shapps not shyte from Shapps. As usual, its promises, promises. All the navy and air force personnel could fit into Twickenham with 18,000 seats still vacant. The army is the smallest since WW2. The RAF is too small to fight a conflict and with so few vessels, the navy would struggle to beat the Swiss navy.

Once conflict kicks off, its too late to start spending as was demonstrated in 1939.