Member Info for Nobby31

we aren't sure but for the uninitiated there has been a long term seller, typically in blocks of 50,000 shares which are fairly easy to get away. Only thing is with the current TR1s no one can work out who it is. Could be a vendetta against the management team for past grievances, could be a stake builder in cahoots with MMs but I don't know enough to so this is speculation on my part.

Agreed. Even with this announcement there seems to be some "stickiness" dragging us back when the Company clearly has to be worth well in excess of its current price as a going concern.
I wonder if BAe or Babc**k tried to taek us over whether they's be allowed by the CMA? They could pick us off for £50 million easily!

I calculate about 5% of the listed shares will have changed hands by the end of the day. That's pretty significant.

The last placing was I recall towards the end of November 2021. I hope we can get back to the 20p price of this raise soon as the word gets around about the prospects for this company

Seems like there is still a shorter - or is just that this stock is day traded with folk trying to squeeze a penny here and there on the SP? Immensely frustrating to see £55 million contract and the SP only move a tiny amount. hoped we'd see 20p this week but maybe I'm just too much of an opitmist

Can someone ask how the current Board can expect to continue given the company share price?
Does the Board care about the share price and if they do what specific actions are they taking to improve it as corporate PR is clearly not effective

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

We’ll need many Roughs

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.

I would not put it past Cenkos and the Board to do this.

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)

any thoughts on contract value?

This company is more leaky than a broken sieve. Executives and PR (oh and of course Cenkos) have leaked something is my bet. Possibly MOD as well.

I think we all understood that to be because of the rights issue

Nearly up 20% on no RNS. Company ought to issue a statement to the market on what the reason is for this and if anything is known to them.

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.

I expect that’s a hope rather than much else!
I expect we’ll probably know one way or the other by year end Consuela. One of us will be disappointed for sure!

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!