The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Yes your right on the money with that comment Stokey
Shame they still haven’t figured out how to deliver value to shareholders. To be perfectly honest it’s not a priority for them and never has been. We’ve been milked dry and now he’s had to go to the debt markets on his knees in the last chance saloon
You really can’t help but wonder if this prize asset is simply in the wrong hands. Arun has previous experience of storage infrastructure development and SNIP is critical but Mutual Energy must surely be behind this development. The fact a deal has still not been announced when literally dozens of other projects have gone from being behind us to getting investment tells me the HARL knitting circle are no doubt working hard but may be holding out for more instead of taking the bird In the hand
Tight lines Bubble! What are you fishing for Seabass?
I bet you net more than HARL. Another week slips by without any information from the Company to its investors and no contracts of significance. How long do they need for goodness sake?
Enjoy the sunshine.
I see we are going to be getting methane with Stars and Stripes on instead of hammer and sickle
Lottie I agree Avyerdowt's comments of your helpful postings
What could be the reason for this. The shares have to be bought and sold by someone and the obligation to issue TR1 forms both up and down means the only thing I can think of is the Market Makers are in some way manipulating the shares as they do not have to declare their holdings (I don't think ).
To anyone in the know about AIM, MMs and this type of activity there can't be many explanations for what has been occurring over the past few months. Maybe the MM is building a large holding for someone to swoop on and making sells to reduce the price when volume is low. I don't know but i would love to understand this from someone who likely has some explanations. If you aren't sure do you have any connections that might assist? It is all rather fishy I agree
I hope we aren’t just waiting for government money to sort out the yards but the speed and lack of success in winning any material business from the current Board and management team is nothing short of disappointing. I’d been given strong and positive assurances over 12 months ago that contracts were ready to be signed and that we were just waiting on various counter parties to sign off. Whilst this may have been true nothing materialised of note. It’s pretty amazing they’ve managed to string it out but now given the energy crisis and deglobalisation it’s hard to see how anyone with the assets we own could fail ….. isn’t it ?
Whilst I think I understand your anti HARL motivations I don’t think I understand how you are able to make the statement about being in a position to take on larger contracts. Anything greater than about £10 million will have a very accretive impact on the vale of the company. The larger contracts eg MOD in the hundreds of millions are likely to be placed in the established yards initially but I fully expect HARL to win sizeable elements of these through subcontracts which are likely to be in the tens of millions. I think the difference between you and me and possibly most of the posters is that we actually want the company to succeed. I’m not sure you and your acolytes do so why waste your time and energy on here; perhaps you’ve a historical axe to grind or it’s some kind of personal issue with people in the company. Do pray tell if you’re able to.
The global industrial and energy complexes are in complete disarray. This turmoil, isolating Russia and leaving Ukraine unable to function means the infrastructure HARL owns is going to be put into good use whoever is in charge. As for the storage project, I’m in no doubt big companies with plans for the asset and the way it will integrate into the GB/Irish future energy mix are in detailed discussions on development of the asset.
The problem is how long this is taking. The debt facility has bought valuable time, will ensure that HARL survives and in what is supposed to be a transformative year hopefully thrives as well. I wait for the promised contracts to emerge GLA
Lottie he’s one of the yes men. Yes I’ve met him.
This is not what we need. We want independent and respected governance from someone with good City & industrial background. Mr Groat should be retained as a non exec by all means along with one other. Otherwise the Board is very easily manipulated
What a complete cop out. Clearly no real efforts made to find someone new despite what shareholders were led to believe.
No new industry / city figure installed. Still no new non exec and the gravy train goes on to the next station.
This is more than disappointing in terms of accountability and I’m afraid shows they are out of touch.
Avyererdowt I don't know but I do know they will take as long as they can and leave it until the last minute and the accounts will not be as clear as we would like them to be if previous reporting is anything to go by. To be honest none of it really matters to me all i want them to do is show us the new contracts ....... but it ain't happening. Thats why you see all these sellers; look at the biggest trasnactions today, I know LSE isn't accurate but a sizeable proportion of these are sells otherwsie the price would be rising back into the 20s even 30s oh how they were the days!
Well truth be told the closed period has been oft quoted as a reason the Board cannot indulge like the rest of us … as contracts were coming (& placings).
I don’t buy that nor do I agree JW has a decent holding; for a CEO it’s small, especially compared to what has been and is being paid out. As for the CFO ….. I’ll let others comment if they wish.
It’s as much about confidence and providing a clearer signal to investors that your Board is with you in this venture.
Confidence has been in very short supply these past two or more years
If and when HARL get a decent contract I fully expect a short squeeze on the shares.
But the government as usual needs to get off its arse on the shipbuilding, defence and energy strategy all of which means more internal investment.
I think the company will succeed, despite the Board, due to the macro environment which could not be more favourable in terms of the alleged "pipeline" ..... of jam. Can't be long now and hopefully once Joe public hear about it then we are off the races. I hope the PR department get some outside help to manage the Company image once the contracts roll in as they haven't been up to much thus far. GLA