Member Info for Nobby31

As usual it’s a fairly clueless update to the market.
They don’t manage shareholder communications at all well. It’s just amateur. I hope like others the new investors provide much needed “assistance” both organisationally and operationally

there's me getting excited again hoping for a new contract award but no, a revenue deferral announcement coupled with the ubiquitous jam tomorrow in the pipeline mantra. What a ****** bore. Anyone up for swapping out "pinky and perky" for some proper characters. Brexit, covid and the war haven't helped but the Board are officially not my favourite people

Thanks both for this technical information.
It does beg the question which if correct about the lower supply of shares, what happens when and if there is a contract award of some note?
I imagine it means a more significant rise if there is a greater proportion of LTHs.
I have given up attempting to second guess when HARL will actually deliver something meaningful from the pipeline of opportunities but feel considerably happier with the current situation than I have for some months albeit I still question their ability to deliver re the yards.
The market ought to sort the storage project for them without having to be particularly shrewd operators

May
But I’m not saying which year

Is it time for me to buy another million Lottie123?

Hi Lottie
thanks for your thoughts and analysis on the strange trading environment we have been in for several months and more specifically the period since the dramatic fall in the price since the last placing taking us from circa 30p to sub 20p.
I am no expert but I wonder if it is possible the MMs are moving stock between their accounts. That could be why we do not see more TR1 notices. The reason for this I do not know but it could be to shake down loose holders. I would not be surprised if there are certain parties that would like to see HARL take private .... at the lowest price possible. That might explain the lack of upbeat information but that's a stab in the dark which, by their behaviour seems to be exactly where our ineffective and largely unaccountable Board want us to be? One large contract would dwarf the market cap of HARL and provide a new owner with flexibility to construct and sub let to others ; in a rapidly de-globalising world with more on-shoring these assets (with further investment) should be on various companies radar screens now. In terms of the way the company is owned the lack of material II investment speaks volumes about how the business world regards the quality (and other human values) of the Board of Directors; I think most retail investors agree with that to some degree and the scarcity of city money proves it. There is no obvious solution to this malaise that I can see other than HARL announcing new contract wins or changes at the top of the company so we aren't governed by a group of yes men. For me a recognised independent chairman and non-exec are now a pipe dream. The pipeline of contracts in the hundreds of millions is blocked or at least clogged and the shareholders have nothing left to give so the leg breakers (as someone described them) are what is keeping us afloat. Whist I feel like a pillock for investing so heavily its my fault as it is AIM and we all know the risks. However these assets especially the storage project must surely be worth some multiples of the current share price in the hands of experienced and trusted executives that know what they are doing AND have a track record of delivery. So, despite the shenanigans around the share trading its real leadership we need to get us out of the hole.

Will it still be low cost when you take the Boards bonuses into account
Show me the contracts ….. get on with it before someone else does

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

Well put Si
Over promise and under deliver ….. and no accountability for it
Just waiting and waiting to be proved wrong

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 ?

In a sentence why do you think this Company is worth bugger all?

no doubt about it :-)

Thank you! I ought to know those by now :-)

Thanks AlbertoZ. I’m unsure what those two acronyms refer to but I get the drift they are dissatisfied local folk who’d rather things didn’t change

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

Let’s hope he timed it better than I did!

You’re right Consuela but one decent contract will address the malaise. Show me the contracts !(please)