Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Don’t fret Consuela. This muffin will be buttered eventually.
Delays are frustrating though aren’t they. Be patient. The reworking of FEED for hydrogen compliant caverns and the removal of the judicial review will clear the way for new investors. Mutual Energy being involved in the hydrogen project is a big positive; indeed there may not even need to be reverse flow on SNIP as netting off effectively creates another 8.08 mcmd virtual flow.
Stokey these activities were not what I associated with contract announcements. If confidentiality provisions or business practice limits or prevent in some way the disclosure of contract values then the Company ought at least indicate to its owners this fact and provide some indication of materiality to the ongoing business. I would also expect to see much more on aggregate tenders and timelines for awards so we are able to assess if we’ve been successful or not. The smoke and mirrors policy is totally unsatisfactory and the opaque manner in which the business is run can only hinder the attractiveness to potential new shareholders.
When is this Company going to put out an RNS that actually demonstrates they are achieving something material for shareholders.
We all know about the lower revenue already due to the delays with the Saipem contract. That wasn’t even originated by the Board.
Dear Board please ensure you give us some forward guidance for whatever period the next set of accounts applies to. You continue to disappoint me with the lack of newsworthy RNS and this latest update is rather pathetic.
If I don’t see some results by end Q2 I’ll be asking folks about a new Board as you’ve had plenty of time to deliver
We know the cash is trickling in as to be fair they are winning lots of smaller jobs to keep the yards busy which is in itself meaningful. But yes, I agree, we all require some reward for our patience now with something more significantly newsworthy. With so many energy and infrastructure projects in the news streams over the past year then something ought to fall into their laps. The lack of corporate communications are woeful, amateurish, inadequate and often poorly thought through when they are issued. A lack of real accountability and a weak board structure is unlikely to change this in the short term.
Thanks LSE03. About time we got hold of some UK grant monies for repurposing the yard to meet the greening up ESG and new build requirements? A while back our glorious leader said he didn’t want any support just the ML but I’m not so sure that was a wise choice as we need to accelerate the brand and it’s potential as a third force (or competitor/provider) and it’s taking a while. Many have doubts about our ability to build any vessels and I understand why but we could certainly start with some hulls and modules and progress from there. We’ll get there.
That’s a solid post Lottie123 and I agree
The release of a contract value albeit an estimate from management is really positive and whilst they are under NDAs and constraints from Cenkos it shows they are trying to help.
It’s a bit drip drip of smallish contracts but these are the seed corn and mean continued survival of the yards, the employees and the Company. I just hope we can look forward to the Board & mgmt team delivering on more material business (by that I mean in excess of £5 million) in the very (very)near future so we can ease back in our seats a bit and watch this begin to take off.
I’m pleased they’ve finally managed to be given an opportunity to show the capabilities at Belfast and hope they deliver as expected. The original contracts under discussion had a value of between £5-6 million. I don’t think this RNS is more than about a £2 million contract value but it’s a start and something to be grateful for at a yard that needs lots more investment in its facilities to get towards 4.0.
Onwards and upwards
Yeah Stokey even I don't have any grandchildren yet!
I see Consuela has pushed the price up again. I hope she (it /they / them/ him) continues to post as it seems to be working well for now. However I have blocked her (it/they/them/him) so will just watch what the price does to see if further posts have been forthcoming
We really could do with some decent contract news. Its now about 30 months since Belfast was taken over and not one "material" contract (by that I mean anything over the £2 million mark). I clearly have no idea just how difficult it is to win business in this sector. Hope springs eternal ... doesn't it? Good weekend to all HARLers
I think the UK government has gotten itself into a real pickle with this. There really ought to be two very separate strategies around energy. One to focus on the longer term targets to reach net zero and the other to deliver lower energy costs from now for next 5 yrs via greater supply side stability including storage (battery and gas), onshore wind, acceleration of UKCS fields along with demand side management; including insulation, universal smart metering and better grid management.
Good morning Consuela. You've done a wonderful job getting us up from 15 to 20p.
Do see if you can push us on to 25p with these posts.
I see we are down a tickle this morning so keep them coming as its all very counter intuitive but its working so far
I think the elimination (or significant reduction) of any short or medium term requirement for more funds from shareholders has helped to place floor on the downside. As some have pointed out the technical charts seem very bullish.
Nothing has changed in terms of contract awards and we are still waiting but you'd expect the next financial year to include most of the Saipem contract value plus the many breadcrumbs they keep winning which ought to take us to circa £40 million making any additional contract awards of scale taking us above £50 million which for a £30 million(+) cap company is looking bright. But, show me the new contracts ..... originate some business ...... unplug the pipeline etc. So many "potential" awards that it can't be too much longer as we were told announcements in Q2 2022 not so long ago. Let's see if they deliver this time?
I’d probably have shared my views if not answers on these points but I found you rather patronising which put me off bothering to reply to you.
I’m far from being a firm advocate of the company especially in its activities and behaviours over the past couple of years but I do think they will succeed albeit that it may take another 12-18 months.
As I was involved with the company in its early days I’d very much like it to succeed both for my own personal beliefs and for the net benefits it could bring to the parts of the country in which it operates.
Lots of ideas and intents have been expressed by the Board over the years most of which have not materialised however there is enough going on out there for HARL to play it’s part in and eventually restore the name to some of its former glory