Member Info for mcadder

Should rise now, if anyone managed to buy at or around 22.70p, then we'll done....

The fact is Killik are not an institutional investor but a broker just like HL with lot's of clients (mainly retail investor's) shares with them. We've seen them numerous times over last couple of years up and lower their holding accordingly.
Really nothing to worry about...

A sensible assessment of the situation there stokey, thankfully another well reasoned post this morning unlike the carp being spouted by one particular poster last night.

FORMER FD

Bye Bye moron, filtered

There, that's better :)))

I know Si, we've been here for years and one particular poster who I won't name thinks they can just open new threads constantly, and attempt to control and bully other poster's. Well it ain't happening, that's for sure :))

Just come back from a nice evening out with the family and I see FormerFD has completely lost the plot.
From the constant ranting and immature name calling I would suggest FormerFD is way over exposed with this share and suffering some kind of meltdown.
So I can't even make a reasoned balanced post detailing my thoughts that Harls share of the FSS contract may be between 40-60% without being accused of basically misleading or misrepresenting things? Lol. And anywhere between 40-60% would be a fantastic result, but we are still to learn the detail of this.
Get a life FormerFD. I won't lower myself to name calling you back, not my problem you are full of bull carp, this is the last time I will bother to respond to you sad loser. Perhaps investing isn't for you? Lol ;)))

Thankyou Stokey, that's exactly right, and yes I did hear the comments made on 24th November hence my prediction of anywhere between 40-60%.

Former - getting annoyed I see name calling again because you've lost the argument lol
Well done you've finally grasped what I said over 12hrs ago that Harl will get between 40-60% or 640m - 960m.
So it could be 40%, 45%, 50% or even 60%. Well done I'm glad you finally cleared that up for yourself :))

Yes agreed Stokey, there will be an inquiry, likely in Jan as per the article. Probably won't change anything but just means it will be Jan before we get to learn of the contract being awarded as opposed to Dec that some were believing.
Tbf I'm sure Team Resolute would have done the same if Team UK were successful.

"The FSS contract is not starting till 2025 lasting for 7yrs which Harl will get staged payments (in line with whatever percentage of the FSS contract they get, somewhere between 40-60%, 640m-960m with a profit margin of around 20%, so profit for whole thing likely between 140-190m, over 7yrs will be between 20-27M a year)"

Problem is Former I had worked it out way before I even wrote what I did. You are still struggling to work it out even now. I've copied and pasted above what I said. No one else seems to be struggling to grasp what I said. So therefore the problem is with you in grasping basic English.

". So Is 40% within 40-60% ?

Yes. Dimwit.

Former - I'm not the one digging myself a hole here. I've clearly quoted 40-60 percent of the FSS contract and clearly quoted a figure of 640m - 960m. It's a shame you're a bit dense and incapable of understanding plain english.
Looks like Islandmagee isn't the only thing needing a shovel here lol

"Do you think that it is possible that they get 40%"

Well hence my statement of 40-60%.
So anywhere within that figure. I think it's pretty self explanatory what I've said unless with you're lack of maturity you have trouble understanding that bit lol

FormerFD - I know what I said the other day, 60%, and that's still true 40-60% hence why I quoted both figures of 640 - 960m. I am excited about us being the preferred bidder for the FSS. I have been here with INFA and now HARL on and off for years along with many many other posters who continue to contribute and I know an awful lot about this company.
Have you? Doubt it very much.
Is there anything in my post that is factually incorrect? If not how is that deramping?
I'm not the one coming across as desperate to incessantly ramp when there's no need to. The FSS contract speaks for itself hence my post the other day as I was rightly excited when it landed.
But everything I've written I stand by. Yes I still hold, sorry if what I said doesn't fit with you're own narrative, you will in my post see I am now cautiously optimistic about the future here.
And by the way my username is mcadder NOT NcCadder or McBladder, but still it shows the level of you're maturity lol

"De-ramper. ;)" Lol

I may have misheard it Si but when he was talking about it on the podcast the other day I'm sure I heard him talking about us rebuilding the M55, even though the contract he was referring to was actually the 55m contract to refit the ex Royal Navy vessel for the Lithuanian Navy lol.
I stand corrected if wrong on that point.

The FSS success as preferred bidder is undoubtedly great news and hence the SP is up 400% as a result.
It's also worth reminding people that the company is still making a loss and won't break even till probably late Q1 or even Q2 23.
The FSS contract is not starting till 2025 lasting for 7yrs which Harl will get staged payments (in line with whatever percentage of the FSS contract they get, somewhere between 40-60%, 640m-960m with a profit margin of around 20%, so profit for whole thing likely between 140-190m, over 7yrs will be between 20-27M a year)
The overheads for having now well over 700 personnel as well as the running of 4 yards means that in line with the company's expectations, cash breakeven is expected at around 110-120M revenue.
So breakeven will happen but the debt facility has been a necessary evil for day to day working capital. The 77m is great for investment in Belfast but that investment is needed to fulfill the FSS contract and give the company the means to do it.
So as long as the company continue to generate revenue and increase it during 2023 it will tie them nicely to the start of the FSS work from 2025.
As for Islandmagee, many think it's ready to open lol. I see no reason why the Judicial review won't be thrown out but remember that the construction of it can only begin once that's out the way and final investment decision taken. It's not a case of opening it, it's still a project which needs building!
From that point it could be constructed (so long as environmentalists have no other means of appeal) by 2028.
The podcast earlier this week suggested the share price had suffered because of Covid. Anyone that knows this share knows that that is not the case and will know of the numerous reasons which I won't go into here.
Also the commentator in the podcast confused the £55m MOD contract with us rebuilding the M55 or something like that lol.
So yes there is a bright future here as long as other blocks continue to fall into place, it's had a great run the SP reflecting the significance of the contract but don't think for one minute that there won't be a placing (if so at least it would be far higher than 6p now).
Anyone that knows the history of this company will move forward with cautious optimism like me!

In the latest operations update on 2nd November this paragraph demonstrates why testing will have taken longer than some anticipated. When the company have something to say, they will announce it. But with testing of 3 independent intervals of the reservoir, if successful, will be highly prospective for the company

"The ongoing JSR-01 DEEP testing programme has been designed to systematically evaluate three independent intervals of the reservoir, with different fracture characteristics and, as such, differs from the programmes used in the Company's West Rustavi/Krtsanisi oil field. The primary objective of the testing programme is the accurate definition of the oil-productive zones, to support the optimal design of future horizontal wells in the Project II full-field redevelopment."

Not really unexpected tbh, I think it's been on the cards for a while.
Because of where the assets are I wouldn't be at all surprised to see a sale of their assets and an exit from Russia.

Definitely a buy looking at the other trades at the time and will explain why the bid was so strong. Expecting more of those this week, possible TR-1s and maybe even further director buys

Actually we could easily see 30p+ by Fri as I have a feeling we'll see more director buys during the week on top of the one we've had tonight :))