Great news, not worried about 9% as this is quite common for a credit facility of this size and 100% value + of assets, I now think that contract news could drop this month based on what I heard during the Belfast Investors presentation. Roly
What makes you think that my post @ 13.21 was aimed at you ? I would not discredit you, as you are more than able to discredit yourself, have you bought your ticket ? tick, tock
6,000,000 @ 21p = £1,260,000. Not bad.
Have never seen a 50% spread before, something very wrong about that, and soon the value/mkt cap here will be @ cash. What is going on ?? .
Hello stokey12, for info the Eduard Toll is an Ice breaking design LNG carrier based in Russia in for emergency repairs, I think it is the first time that H & W have worked for that client, but do not quote me on that.
Avyererdowt, No singular project was discussed nor pricing, Saipen was delayed but that was out of H & W hands.
To reply to some of the points raised here yesterday, directors holdings, apart from the 750 K options @ 75p 2025, it was acknowledged that the holding by the two main directors was limited but being looked into, from my point of view (Not knowing their personal finances ) it would be a good message to the market to see more skin in the game. The repair side of the business is profitable and busy with both docks fully booked into April, and new customers being added.
I.M. The valuation of £35 - £50 M is a Cenkos valuation NOT harl and I got the impression that valuation was considered low, I put forward my own point that I felt H & W should retain an equity stake as it will be recession proof when operational . What we all have to remember here as shareholders, is that when the plan was put in place by Arun/J.W. in 2019 it was a 5 year plan, we are not half way through that yet, and yes it has cost shareholders and probably will cost more in the future, BUT if their vision comes to fruition shareholders with patience will be well rewarded, hence why I will continue to hold and increase if I see their plan unfolding in a positive way.
Oldtramp.......... Yes Lough Erne Lower/Upper Like you I also fly fish but mainly river for sea trout/salmon west coast ireland.
ttny, just done a proof read of my post, and see that I referred to you as a wise guy.............. not meant in the italian sense, will meet for a pint July when I am on the Erne, pints bought by furthest out on the SP close 1/7/2022, I will go with 30.5p.
Hello fellow HARL investors, will try to keep the 4 hour meet/tour brief. Met with TTNY very nice/wise guy sort of person you would invite for a pint to chew the fat with. There were 5 investors there, a few no shows down to poor weather, which was great as we had a good question time with Arun. For myself part of the reason for being there was the yard/dock tour, it is only when you see it in person can you get the sheer size of everything, we were down in the smaller dock with the Stena superfast but the wind down there was blowing about 60 KN, you had to lean into it and hang onto your hard hat, pointless talking, the tour was hosted by the Belfast general manager Steven and one thing I took from that was the passion and proudness he displayed during the tour about the facilities and work done so far, that alone would almost make you invest. Q & A was held in the board room, no displays , no power point , brochures or reams of paper, just a good old fashioned investors meeting without the guff. I.M. ttny posed the question although I think he read my notes as it was word for word !!! so I think it only fair that he share his findings here if he wishes, for myself I have no concerns about the future of the project. Credit facility negotiations nearing the end and the market will be notified of the terms, I take this to mean Q2 RNS. A undisclosed contract due to be announced shortly, I also take this as Q2. The big point...Fundraise Not in the near future, but not ruled out at a later date, there was a good conversation about this point and the rationale was explained, but I do not have time now to go into this. Contracts, there is a large pipeline of contracts awaiting decision £30M - £200M. Scotwind, HARL are in negotiation with 11 of the 15 companies involved, lead time is 2 years however due to the nature of new design being the floating turbines there are opportunities for HARL to build the prototypes @ £5M a pop. My investor mentor advised me to always pose this question at similar meetings, I explained my holding and timing to Arun including that I had advised family/few friends to invest which they had done..........would he do same, without hesitation his reply was absolutely yes, that to me is telling. I know my update is brief but IMHO Harl is a speculative buy and the reward outweighs the risk but this is AIM, but I will continue to hold. Roly
Hello All, Just to give you a brief background about myself so you will understand where I am coming from. Back in mid 90's I did my SFA registered representative course and qualified just I think, after a brief spell working in brokerage in London returned back to Ireland to work in a different industry, after a chance meeting 2006 I was asked to work as an Investment analyst , this brought me into contact with many major investment houses and attended many director investment meetings. I know that if I get the floor tomorrow my time will be limited, I have many questions but have narrowed it down to two, my first being about I.M. I expect the normal cannot answer due to ongoing negotiations, my main question I cannot explain here now in case HARL look in on this site, but will give you my feedback Thursday, Roly.
Jabido/stokey, I will get back to you later about your points, the Q & A only lasts 30 mins and I am sure I am not the only attendee !!! My agenda has a company update 12.30/13.30 assuming todays agenda similar an RNS could still drop.
Expect to see a small tick up here into the close.
directors putting more faith/cash into the company, but it means no trading update till march/april, which in turn means reading more Waffle from our board derampers till then.ah well hope it's worth the wait.
Hello All, Just received my confirmation concerning above, with itinerary and requesting shoe size/body size !! At the end of the tour there is a Q & A with Arun, are there any non pertinent questions that this board can suggest ? I do have my own and hope there will be few people there so that I can have the floor come question time, this will decide if I remain a sizeable shareholder or cut my huge losses. Roly.
Hi Stokey, Thanks for the heads up re Belfast Investor presentation, I applied and received a reply 12/1, but have heard nothing since, I spoke to H & W Belfast who gave me another number to contact in London, which I did to find out that I had contacted Infrastrata (Machine still not changed name to H & W ), the lady who sent me an email is traveling for a few weeks, infact everyone away apart from someone answering the phone, left all my details again, will see if they get back to me, am left with an impression of lack of professionalism, given the turnout at the AGM not sure that they will need crowd control at the presentations !.