Member Info for Nobby31

Sadly there remains little or no conviction in this share by any major shareholders. I agree that institutional interest is the way forward. Only the Board of Directors can change this. They know what the key things are that they need to do.

In my experience it is always good practice to check with the other party the content of an RNS when a contractual arrangement has been concluded. It’s a courtesy and also common sense given the statement is being made public.
I am very disappointed to read what has occurred surrounding the RNLI dealings and as a significant shareholder I look forward to receiving a clear and transparent account of precisely what has occurred. I would hope the Board of Directors of HARL are reading and understanding the righteous concerns of many of its shareholders and that it takes expeditious action to let us know about recent events. I’m even more concerned to learn about the deletion of a tweet. After the corrupted presentation debacle concerning the Triumph LOI earlier this year I’m afraid this smacks of mismanagement but hopefully nothing worse.

It’s not unreasonable to expect that we won’t see any further demands for new shareholder funds via placings given this credit facility is either already in place or being concluded against the backdrop of an ever increasing order book and tangible cash flow from contract wins

I think we need to know what Cenkos are up to?
There is enough material for them to issue a note (I think the last one was in July) which justifies a re rating on this share. A lot has happened with the DAERA news and Appledore awards plus wider developments in the markets in which HARL are active.
HARL Board have not had a lot of help from Cenkos or for that matter from a lot of other key areas they need support from other than warm words.
It is great to see some momentum trades at last as the realisation is setting in about the value this company is going to deliver the the UK economy. Time to tell family and friends to look under the cushions on the sofa methinks ......

SNIP has a forward flow (GB to NI) of 8.08mcmd and has been pointed out only a netting off ie virtual reverse flow until the AGI is installed to physically reverse flow which is a no brained and will happen albeit Mutual Energy will require various consents but this has been studied in detail over the past few years.

Like the FEED for IMSL the H2 question means reviewing and redesigning certain aspects of the project needs to occur. The engineering studies may already have kicked off for all I know but I reckon all this plant and equipment will need to be H2 compliant.

IMSL can operate as is but the value to the GB market of physical reverse flowing into GB is significant. There’s no reason why this could not be even greater than the 8.08mcmd if sufficient compression (using green electricity) is installed.

Agreed a 2.5/3 year project. But with all the PE money around right now for infrastructure investment it is a very investable project

Whilst they are pondering the 23 nautical miles from H&W HQ to IslandMagee I am wondering when are they going to announce they have finally ridded us all of that feckless Chairman? Not a moment too soon if you ask the writer.
Whilst it is not necessarily an RNS event (I believe that it is for obvious reasons), I would relish learning that the credit/debt facility is actually in place whenever this is achieved as it will unburden many of us from the plague for further placements. I'll drink to that news for sure.
Finally, last but not least, it would be helpful to have an RNS that advises all of the process (at high level) the company intends to follow to secure debt providers and capacity customers to ultimately secure FID; this is another confidence boosting request for a note that will encourage all to maintain our enthusiasm for HARL.
C'mon BOD, please keep us in the loop; after all, you wouldn't be here without us !

Thanks for the reply!

I think a properly functioning broker could be doing an awful lot more than they are. Cenkos are a big disappointment.
There has been some entity possibly via an MM seeking this company to fail.
One hopes that a credit facility is now in the offing. No more placings.
FID for the storage project will be end Q1 2022 but they are looking at an embarrassment of riches in selecting the right funding options and the right offtakers between now and then.
I always thought this was worth at least £1 per share but I can now see it could easily be double that.
I've been here since 2008 so seen a lot and have never felt more positive about the company and its opportunity to thrive

Wiseinvestor23. Why is it do you think that the share price isn't going up with all of your posts on the company?

I think someone has already suggested that quite recently Stokey12 but it is a very likely outcome unless of course the owner reserves all the capacity for themselves as they may be able to avoid any RTPA obligations

I could realistically imagine Shell or BP coming in with a bid of circa £150 million for the project

Looking forward to a short squeeze on this when the licences are awarded or the next decent contract comes in or the government infrastructure loan enables us to retain more equity etc

I am more interested in the motivation of an MM to take stock off the market in sizeable amounts then effectively to use it to drive the price down. Why would they do this? Are they acting for someone who does not wish the company to succeed?
I don't understand how they do it but they talk to the other MMs to set the bid -offer and clearly can impact the market

from an MM Lottie

If we get news of the licence awards this week then, irrespective of whether or not a JR occurs, "things" will begin to move very quickly over the next few weeks, not just with the storage project but also with the extra curricular activities as it will leverage the company's ability for debt finance. As they are likely to take another good look at financing options and may revisit the market for long term purchasers of storage capacity I don't expect FID until end March. Whilst this is later than I'd like it is understandable as BOD will want to ensure they are securing the best terms on both sides and they have a world class legal firm in Field Fisher to assist them. Expect some announcements (RNSs) along the way. That aside we can also expect to hear of several contract awards in varying value over the next 6 months; with so many tenders and opportunities some will surely stick and hopefully they will have selected the most profitable ones as I expect some of this work will last years so tieing up yard capacity in the optimal way is now critical as I expect all capacity will be taken up in all facilities by end 2022 or something has not gone right with the strategy. Why anyone would sell shares at this time is confusing to me as the risk seems very assymetric (more upside potential than downside risk) although its been a long journey and lots of us have the scar tissue to prove it. Nonetheless if you are an LTH or not this is a very exciting time for the business and the run up to Christmas will surely deliver us one or two goodies. GLA

Thank you RazorSchultz. I will take a look.

Gas is providing over 50% of Uk power requirements this morning. Wind is around 4% of the mix. Having 30-40 GW wouldn’t help on a day like today. It doesn’t matter how many wind turbines you have in these conditions unless you have a resolution to intermittency = storage

I was hoping someone might say that. Thank you Lottie

Watch this take off once we get over the final regulatory hurdle.
This project will be developed responsibly with the greatest of care for the local environment. I know the people involved and they have a vested interest in protecting the community and ensuring the storage project will be delivered with minimal local impact. I underhand the naysayers but they’ll have to bite the bullet and accept that in a holistic sense this is a benefit to the energy transition which far outweighs the minimal impacts from the brine discharge which will be closely monitored.
Very exciting times ahead for all, we’ve never been in a better place.

https://www.gridwatch.templar.co.uk/

https://timera-energy.com/how-the-market-is-pricing-gas-supply-flex/

The BOD know as well as anyone the value of what they are building so I expect they are selling their grannies to load up on shares whilst the day traders and short term inpatient punters are happy with a penny or two here or there!