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No of course not. It’s just a vicious rumour! They have been in discussions with a number of large institutions for which £20-30 million is just option value. If they get hold of it then they’ll be all over the regulator and everyone else with lawyers, public affairs, ESG et al in a way HARL couldn’t come close to … even if they knew what to do. We’ll see
Wood reckons the storage project is worth several tens of millions. Do I believe this err no. But it will be worth at least the share price as it stands now so I’m desperately hoping this is a floor. If they don’t get more work soon however they’ll be laying people off. It’s a very tough environment and with the cruise ships not doing so well it’s the MOD contracts or we’re in even deeper do dos. Any accomplished shipbuilder could buy us out for 30p and have control over a swathe of assets to match their order book. That is if anyone is building vessels in this climate. GLA
I wonder what the bloke who recently bought 6% of this outfit thinks about all these shenanigans? Maybe a bump in the road? I’m guessing JW has some explaining to do.
He’s thrown so many curve balls at us, not all of his own making to be fair, but it does make you wonder what on earth he can do to turn this company around and get it into an investable state? After 2, nearly 3 years of assurances about what’s in the pipeline I’m finding it increasingly difficult to believe any of his proclamations and the spin coming out of the amateurish PR machine from middle school
yes they are making an effort. Things need to upscale significantly and the fear of another raise needs to go away before the price will rise to where it needs to be. Oh and the fat cats to buy some of the company shares; have I mentioned that before. Seems they just don't really get it, or more to the point do get it but aren't prepared to which is the concern
those purchases (and later in the day sales) I suspect were the result of an internal piece of news not yet ready to be an RNS which was then spread by someone. If I am wrong then it is a very unusual and erratic number of trades for this Company.
There are always leaks particularly on the raises and we are the tail end charlies finding out after others are out.
thank you AlbertoZ. Indeed it is as would be their first success with the MOD of note. The contract value is almost double the market cap! (I appreciate HARL don't get it all if its a consortium but nonetheless a very material piece of business if its announced)
I’d expect it would require the installation of electrically driven compression (using renewable power sources) and also some upgraded metering and dewpointing (gas treatment). Mutual Energy will need to be 100% behind this solution to enhance energy security between GB & NI.
That’s right. But by not having to flow from GB into NI (due to storage withdrawals) it effectively adds 8.08 mcmd back into the GB gas supply (typically in Winter). It’s called netting off. With reverse flow ie it becoming an interconnector this would at least double. As you’ll read we are finally realising the merits of stored energy; this means we need the overall equivalent of several Roughs in volumetric & deliverability. For the geology, market (& regulators) to decide where these ought to be. Roll on IslandMagee sometime this decade!
Does everyone remember this? I know Saipem has been through the mill financially but this contract was going to be worth upwards of £40 million. Do any of our intrepid band of researchers and news hounds have any intelligence on this please as it would provide a great deal of security for the Scottish yards as well as investors! thanks
I have suggested this in the past. I would not put it past John Wood to be purposely running the SP into the ground and that he has a friendly bidder lined up to take HARL private .... at our expense via a low ball offer as a) he cannot manage a public company and b) he has ensured we have no other option. Or am I just being too much of a conspiracy theorist?
I did read it. It's all based on future promises with the main exception being the Cruise ship wins which is good news. Rather sadly most of the rest I have to regard as speculative for reasons you will understand from my past postings. I accept it is a long journey but I bet that Ballie Gifford chap who bought 5% is feeling a little duped though at least he is probably a medium/long term investor. Just feeling fed up with SP performance and more excuses (albeit some are legitimate).