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stokey12, re I.M. I agree with your point and feel similar, however feel that HARL would be better placed to partner up with a major in that industry, I discussed this with Arrun last January and felt that HARL should keep a fair % say 25/33% , this as you have pointed out is a annual recession proof recurring revenue.
May 2021 @ 29p, another load just before marine license, and more recently @ 12p but sold 25% of holding on the spike, however still holding plenty/to many !, fear this could drop to 10/12p unless positive news drops soon. Need FSS contract confirmed followed by confirmed credit terms agreed with Astra, with that I feel 30/35p would be fair value, I.M. alone is worth another 20/30p subject to JR and sale of. If all the ducks line up in favour of HARL potential 50/60 p year end, if not...well that is not worth thinking about.
Hi wyndrum, good to see you here, I remember you from my AVCT days. I have done my own considerable research into HARL and have my own view of a value subject to FSS, Astra credit and I.M. I am wondering do you have your own view on this that you might wish to share ?, Roly.
p.s. My 1st investment here was during the INFA days.
My 1st post here was 18/1/2021, I bought the following week, was asking Dodge opinion not advice. Do you remember the directors listed here ever on the FLX Board ? No you don't because for the last time it was myself who pointed out to LSE that the new FCS page was not set up, yes there was a FCS page which you posted on but not Falanx, check your posting history to confirm, then maybe an apology would be in order.
Have to say finding it quite hard to stay invested here. We had a trading update Dec 2021 & Jan 2022... is a trading update due soon ? I cannot see mention of one by the board recently.
Hello Chrisatrdg, Interesting points you make in your 0843 post. I am no way an accountant but like most investors should know the basics. negative equity sounds bad, but when putting the slide rule over various company accounts, I have seen this on numerous occasions mainly due to debt and especially with young/new growth companies such as HARL, also I assume that the MOD carried out extreme due diligence to ensure that HARL survives the contract period, maybe hence the £77M inward investment in two of the yards. Would you agree with my thoughts on this ?, thanks, Roly.
Good to see the schools went back today !!!.
Gob****e does not work here so lets try Gobeen .
In Reply to new readers here..., I have not been on this board for two years or said that a Moonshot is coming (I did reply to similar posts), look it up. Clearly posted by a Gob****e.
Thanks stokey12, so this board might become more sane next week . Last Friday's RNS was awful however the SP has held up considering. Not stating the obvious but we need sight of FSS contract soon which will be followed with the agreed credit terms with Astra. Given the RNS there do not appear to be any other contracts that might land Q1, there were some due to drop Q4 2022 but did not materialise.
Yep, 8 responses but I think they were aimed at myself, he has just wasted an hour of his life. MOVING on dodgepot what are your thoughts about FCS this year ? is this the year that the Co can move from loss making to breakeven or heaven forbid show a bit of nett profit ?
mcadder, happy new year to you, clearly it will be interesting from A HARL investors point of view. This used to be quite a good board with many good contributors incl yourself, however since the FSS news ( yet to be confirmed ) we appear to have attracted quite a lot of delinquents, who have done nothing here but clog up the board with attacks on LTH and generally post what can be best described as drivel.
NTMU, Unfortunately your comment is true which is a shame, but it is what a particular poster wants and appears that they have achieved their goal, hence why there is little posting on this board, and when there is, it is just personal attack.
Noel, I will refer you one last time to read my post last Friday @ 12.53, that includes your darvo description. BTW I have reported MY posts to LSE where I have clearly asked you to stop your insults.
james2k66, Apart from FTSE 350 technically you are correct, however the rules laid out by LSE are far more stringent than on AIM, hence why you have large MKT CAP companies on AIM, also the main market is less volatile than AIM hence why I would like to see HARL there in the future.
TBH stokey12 not sure, dual listing do not think so for a few years yet, would like to see a move to the main market but need a MKT CAP X10 current. It is not unusual to have two brokers, I think that maybe to much is being read into it. Placing... you need to ask yourself how much do you think they need to raise ?, it would be multiples of current Mkt Cap and at what price, but as I said before I do not see the need at this time. When we have the FSS contract signed and also the new £100 M credit terms, I think LTH here can breath a huge sigh of relief rewarded with a special glass or two, but until then......
Hi Stokey 12, trust you had a good/great Xmas, my household still very busy hence in my office for a bit of peace/quiet.
Placing... you can never say never however I don not see the need for a placing at this time. RNS 9/11 Debt refinancing with AAM £100M to pay down current credit with Riverstone and provide additional financing towards capital expenditure/working capital requirements, this should be confirmed January, and also the £77M expenditure to tool up Belfast /Appledore.