Member Info for Nobby31

Stokey12 as you know very well there is so much work out there for HARL; some already tendered for and some yet to be bid for. It’s going to become the case that they will quite likely be able to pick and choose the type of work and size of contract that suits them best. I think we get through 2023 with FSS and the storage project back on the rails then with a few other bits and pieces it’s going to be quite a year for JW and the Harland Rovers

Hi Stokey12 I think they have /are forward selling some percentage of the warrants as a hedge on the debt they’ve offered (which may come from all sorts of dark corners). It’s in smaller parcels so maybe they’ve just told the broker to shift a few million at eg > 18p. I don’t know for sure but it’s as good a reason as anything else I’ve read on here but I’m no expert of course

It’s because or likely because there’s a warrant holder shedding a few million. Has to happen until they’re done and they probably have a floor price.

1.51 million

I think we will see an RNS FO within 6 weeks. I don’t see any reason for the party(s) coming in not to proceed now.

Funny that it’s also referred to as the FFS contract

Aren’t you hanging your hat on the ML?
If not are there any other regulatory hurdles you see causing specific problems? I wasn’t aware of any that weren’t routine compliance once the ML is reapproved (if indeed it is)

I’m ever hopeful that we will learn of further share purchases by Directors and other senior management of HARL over the coming days; following the example of the CEO.

I’m not as confident as you all about there being no need for a further raise which I can see occurring (if I am correct) in Q1. If it is coincidental upon the execution of the FSS contract and we have a positive outcome on the JR (ie that none of the 10 points raised are deemed to be sufficiently significant to warrant a redetermination) then I think we could confidently assume the SP will be someway north of where it is now and a raise of £20 million or so against a company with the prospects it has won’t be a bad thing at all.

The activity on this board reminds me of an old 80s track
I think it was called Rampers Delight …..

500 mcm working gas

The gas storage offtake agreement ?

stokey12 my maths isn't great but I reckon our CEO now owns about 0.5% of HARL which is a decent chunk. Reckon they will start to look at some share options too which only seems fair to me given where we are.

So I was not referring to your post as it listed the same time as mine ; but the previous ones with this title. I see why Stokey always puts a time stamp and name when he replies!

Whilst all that seems fairly accurate there is the question of the next 18 months (or so) regarding cash flows vs outgoings as plans are made to scale up the business. I hope we can look forward to some more mundane RNSs that confirm we are still picking up new business in the cruise, renewables and general fabrication markets to tie us over. There were I think 4 contracts mentioned at the AGM for announcement shortly. These if announced will provide the stopgap revenues to ensure ongoing financial viability and mitigate the requirement for any near term placing. Fingers crossed for them this side of Christmas. GLA

Having held on for 10 years another few weeks for the big news should be well worth the wait. Thanks Si Derman for the info

Hi could someone explain how I change my opinion on my posts as for the first time in about 3 years I would like to indicate a buy. Not that anyone is bothered what I think!

There will be many investors that are new to this company and therefore inclined to sell for a modest profit. I have held these shares for over 10 years and been through the pain of many placements to get to this point. The Board and the management team have negotiated a very rocky track to survive and now show that the company can truly thrive. I am most happy for all the young men and women that this announcement means can look forward to a bright future. Well done to all at HARL and I now look forward to future announcements for the build of the storage facility and other major contract wins in the renewables sector. This has brought real meaning to the term "levelling up" and positions HARL as the new third force in British shipbuilding; I am confident they will deliver on time and on budget. This company is worth so much to the community in NI and the other communities in which it operates. I remain a committed investor and look forward to more great news about HARL in future

oh dear oh dear. That's not really what is occurring and you know it.

.....is still less than £20 million at the current SP. IMSL is worth a multiple of that to a third party even without the FSS.

It is also good to see the smaller contracts coming in as well in the background. I am expecting there to be some potentially significant construction / fabrication contracts in the renewables (wind) sector in Q4/Q1