Member Info for Nobby31

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

….we were notified of some Directors share purchases at these (rock bottom) prices don’t we think?

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

I bet Jw & Ar knew all that was coming
Hopefully they will buy shares in the next open period if they haven’t spent all their bonuses.

Horrible interest rate
At least no placings for a while now
Let’s see if these are the mystery shorters look out for those 50,000 sells
SHOW ME THE CONTRACTS

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!

Hey have you got nothing positive to say about the Company. C'mon now, try a little harder and have a good think

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

Probably “about” May or June I’d say.
I don’t like to get my hopes up with this lot

Well at least he’s getting the price up as the people who are supposed to be doing that job are not proving able to …. yet

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

Hey maybe it’s a great time for the Board to load up on shares. The contracts aren’t far away and if they’re coming this will be a rock bottom price ….. won’t it?

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