The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
So so frustrating isn't it Tony. I've been invested since 2008.
The lack of information provided to shareholders by the Board is an utter disgrace. We pay for them to be in work and get little or nothing in return. And there is little or nothing we can do about unless someone wants to call an EGM and propose to replace the Board. There is a lack of corporate governance and the PR sending Linked In messages is farcical. I do hope they will win contracts and monetise the storage project but the whole shooting match doesn't appear from the outside to be at all well run. They are working hard as if we need to be told. There is working smart as well and there are definitely some possibly with deeper pockets than me that want this to fail. I don't think it will but its an ultra marathon and I'm not sure where the finish line is!
Successive UK governments have failed to appreciate and act on security of supply issues. in short they have never perceived it as a significant threat to the availability of gas in a globally priced market i.e. you pay enough and it will be delivered. This is consistent with the just in time approach to almost all aspects of societal life these days. Storage itself won't depress prices but it will dampen volatility and it will provide a fast response to peak electricity and heating demand. I think it will take rolling blackouts across Europe before they wake up and smell the coffee but by then it will be too late
It didn't have a strong recovery because no-one bought the shares because no-one is convinced about John Wood and Arun Raman being able to deliver what they have been saying they would deliver; also the share price slide has further dented confidence as folks are simply fed up hearing the same "jam tomorrow spiel". That would be my assumption. Most of us have always stated that the only way this share is going to get out of the hole they have dug for us is any of: large contracts, storage project sale or farm-down or government stepping in with MOD work on a plate buy out of the company or certain assets. I think I wrote earlier many of us have been led a merry dance for the past two years. But John Wood's recent post on Linked In (instead of the proper thing to do which is an RNS operational update) tells us (again) it will all be fine as contracts are coming ..... just look at them all on the horizon ..... I can see them now, I can ....... or is it a mirage (no not the French fighter jet as they have surrendered)
I disagree. With Navantia & BMP this is a credible consortium with the technology, the design and the sites providing a credible third option for launching new shipbuilding. I think the UK is going to need this as capacity is going to be in short supply as defence & renewable spending ramps up. Even if we rent some yard space to the Germans who originally built it!
Lottie, I have been saying this is someone (or a corporate entity) that has had it in for us for some time now. It is not opportunistic selling and the Board claim to not know who is behind it. What I cannot compute is that to sell these shares you have to had owned them in the first place. By the sheer volume of sales that owner must surely have been a TR1?
It isn't easy to make very large sells so perhaps they have had to do it in smaller chunks via the broker/MM. I feel it most probably is the same entity but cannot understand who it could be and why they have not yet exhausted their holdings.
It's a mystery but has very much put a big dampener on any progress. I am not sure if anyone on this BB can explain what could be going on but there seem to be malign agents operating to try to ensure that HARL is not a third force in British shipbuilding (aside from the Board of course!)
It's going to be 2030 or thereabouts before hydrogen hits the grid. They need to pull their finger out and flog some equity in IslandMagee now. Always jam tomorrow isn't it with this lot. But things will improve. I wish I hadn't gone in so heavy so early but then I didn't think it was early so big lesson learned in the minefields of HARL. I'm told to believe announcements soon. Ah well, at least the sun has come out today and there's no one shelling my place atm
A good effort and thank you. However all you will get is tumbleweed as I’m now of the impression we don’t count. Im ever hopeful they will deliver something material soon ….. have I written that before ?
I think that someone will ultimately make a success of it. I'm just not sure if it is the current lot.
They aren't doing themselves any favours right now and need to pull something out of the bag as its clear even the PIs are baling out having had their patience tested.
I'm hopeful the JR will come to nought and the storage project will bring about 20-30p on the SP but it may not happen for a few months and there will be cashflow issues to manage. Unless we get the debt agreement we were informed about but have not seen hide nor hair of then its not looking pretty. So far no cigar
The market cap is just shy of £24 million after this mini tumble.
As we are all somewhat in the dark and know little to nothing about whether we are truly likely to win significant new contracts it is not surprising that some investors have decided to give up and go elsewhere.
Whoever wanted to sabotage the company is winning as the company is not providing the seller with any indication that they are doing the wrong thing. With HARL it seems that no news is bad news and the information vacuum is harming us. They don't understand PR and how to manage shareholder relationships; the yard visits are a good idea but they alone are not going to turn things around. Feeling rightly fed up
thank you TTNY. I live in hope of jam tomorrow (morning).
something good has to happen soon just by the law of averages?
I mean how much more disappointment and delay can one Board throw at you. I do think COVID is a fair reason for delays but the obfuscation and lack of communication i.e. the reason they don't provide updates is because they have been lambasted for errors and misstatements made in the past so they've gone in their shells. In my opinion that is due to having an inexperienced PR department not effectively vetting RNS's etc.
So time for some good news then? What's coming soon .... debt facility, ferry contracts, Scillonian, Saipem Phase 2, Ark Royal maintenance, MOD work, oil and gas jobs, major ship overhaul, FID or a confirmed farm-out or sale (hopefully partial) of IMSL .... anymore to add to this list (I think there are about 100 in total).
flippin' heck do get on with it please ..... it can't be that tricky. They've had 2 years and 4 months or thereabouts since H&W acquisition and no major wins for Belfast. A trickle of paint jobs and barnacle removal from prop shafts isn't going to wash especially for the iis.
New chairman, new NED, new institutional investors ..... sensible share options and not big cash awards.
Hey we all work hard but if you don't deliver you should not expect to be in the gravy ; its not supposed to work like that but then I forget this is AIM.
I'll shut up now. C'mon HARL bring it home please, with sauce on