Member Info for Nobby31

The opportunities are most definitely out there but do we have the right mix of executives to secure them?

To put their money where there mouth is. But some shares to instil a measure of confidence in the strategy and what is coming down the pipeline?

Lottie123 see my post 1206 yesterday

I think the possibility of success is more weighted by the market towards the executives running the company than the condition of the assets. Herein lies the problem as they have consistently failed to convince the market, indeed have through certain actions and behaviours put rather large dents in the potential goodwill of the business through inept behaviours and misleading guidance. That’s the elephant in the HARL room. Corporate governance by credible individuals is the asset we need most dearly right now. As pointed out the external market conditions simply could not be better for this business yet here we are continuing to flounder. It’s blindingly obvious to me what needs to happen.and it will require an activist II to achieve it

Thanks LSE. For about two years now the senior management have been indicating the cruise ships are coming and it’s starting to happen. A decent refit/refurb contract in excess of £5-6 million were the numbers I was being quoted by someone senior way back in March 2020. As ive written previously and I think many agree, there is so much work around even if we only get a few percentage points it will put us in a strong place financially. I’m just impatient !!!

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.

Could someone kindly remind me but weren’t we promised some new contracts from the CEO a few weeks ago? Perhaps I’ve become delusional again

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.

Our two recently joined TR1s seem to have timed their entry rather well. I expect there may be one or two other new faces in the mix in the near future .

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

Thanks Bubble I've never used that before. All done!

Thanks for the continued condescension Conseula. Not sure why you are bothering to post but let's see if that latest post can push the price up a little further.

Thanks for these insights Si
Of course a decent contract RNS would/could blow all this out of the water?

thanks Stokey. nice pictures

You seem like a smart cookie so perhaps you could consider to DYOR on the issues that seem to be troubling you?