Member Info for roly12

Hello All, Apart from being an investor I would have an interest in Naval History and most things that float !! I can tell you that H & W built 174 ships for the Royal Navy between 1868 - 1969 of various type/size, there is no record that they built a submarine, however have built semi submersible jack up rigs and a submarine depot ship in 1940 - 1942, however given the facilities they have, that is not to say they could in the future, Roly

Pointless replying to my post Noel as you are filtered.

Hi NTMU, As a shareholder I hope that you are correct, however I have compiled a few figures for you from their reported accounts.
Boost loan + sale of Assynt = £7.1 M.
Cash @ 31/3/2022 = £3.5 M.
Cash @ 8/12/2022 = £1.96M.
Last reported turnover = £3.78 M Divided by 55 employees = turnover rate per employee of £69K. Current cash burn rate of £192 K per month = zero cash November 2023.... Unless turnover greatly increases or sale of company. My figures are correct, however do not know turnover since October 2022, but still think that the board have had plenty of time to turn this around however the figures do not support their ability to do so. I have reduced but will hold the remainder in hope, Roly.

Hello stokey12, I am more a reader here now than a poster, however keep up the great posts, this also goes for all the other LTH's here who I note are getting berated by some here !!, moving on, I do not think we will have to wait till Sept for a decent uptick, surely confirmation of the Astra credit line and a positive IM. review followed by a FID should push the SP north, having said that UK growth stocks are still be hammered and will continue to be so for some time as larger investors move assets into safer less volatile funds, bonds gold etc...Roly

Hi NTMU, I agree with your sentiment, pity it is come to that here, having said that will FCS still be trading year end ? I am not so sure anymore, and still hope for a sale of the company, as the board appear to have proven that they are unable to turn this around, even though they are in a high growth industry, also shareholders are locked in due to this stock being very illiquid. If still a shareholder I might jump on a plane to have a chat at the next AGM. But you never know, rabbit and hat !.

Was it Delboy by any chance....

Interesting to see how our Scottish posters here celebrated their fantastic win yesterday in the 6 nations !.
Let's hope my past forecast of 15p bottom holds this week.

Shannon = Great pub crawl, I kept a cruiser there and the Erne for many years, before moving to sailing.

Si D, If you have not seen them, they are certainly worth a visit as is the Titanic centre.

How am I a hypocrite ? You missed my point, why would anyone take investment advice from a faceless poster ?? given the amount of ramping/deramping you read on these boards, you clearly are unable to answer that, however on this occasion you are correct, it is apparent that FLX/FCS will fail. I have said here since February 2022 that the board should sell the business while it is viable, as the board have had many years to turn this around but have failed, staggering really when you look at the growth in the industry. FWIW I have reduced from 3M to 1M in old money at a loss, I am sure you and Noel are happy now !.

I would be the type of person that would wish others the best with their investments, however we have two individuals here that take glee with investors losses here, not only do I find that sad and in extreme poor taste, but it does say a lot about their character or lack of, and before they respond with the normal warning of we told you so.... who in their right mind would take investment advice from a faceless deramping poster on boards such as this ?.

Avyererdowt, I contacted Killik two weeks ago, they confirmed that they have no in house funds and only act as brokers for their clients. I look forward to commentating on the Irish navy given some posts I have read but later today as busy, Roly

I have just realised he is trying to come back home, change the locks !!.

Sounds like he has been "Hounded" out of DELT, excuse the Pun...

RazzaB, you got your wish, crackpot is back. With luck a trading update due here next month, sink or swim time for the board of FCS.

Maninpink, No there is not, however in the past Excl Half/Full year reports, MHC have issued trading updates Jan/July.

Morning All, I took it upon myself to contact Killik last week and surprise surprise received two emails from them, which I am sure I can share here. In my first email, I asked did they hold HARL in any of their in house funds ? reply : They do not have any In house funds and only invest on behalf of our clients. My 2nd email, Question " Do they have a sell rating on HARL ? , Reply : Unfortunately we are not in a position to discuss our research further.
My conclusion, given the quite large reduction, I find it hard to believe that the reduction is only by 1 investor. As pointed out here there are many reasons for an investor to sell, however I feel that it is multiple sellers, I just am not sure why given recent and near term news, looking at the TR1 they are selling at a loss. Roly

Hello fellow investors. I have just done a search for the above tests and can only find them on the company website. Amazon search shows that all the tests are current unavailable. As i am doing my search from Ireland that could be the problem, could someone from the UK do a Amazon search and confirm that the wellness tests are available, thanks, Roly, fwiw... based on last year we should see a trading update next week.

Since mid November the floor here is 15p, given the poor trading update RNS can not see it going lower than that, so new shorters here will at best make a bit of pocket money for lunch. Roly

The last time J.W. cancelled an investors meeting (Belfast ) during November, it was quickly followed by the preferred bidder RNS. This company is now a safe investment for the duration of the FSS, try to ignore the SP on a daily basis.
Roly.