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That competition has never been there up until very recently, i just can't see how BAE etc would be blocked from buying a tiddler start up.
As for grounds of national security, its been a long time since the govt gave up on security and safety of its people, be it by takeover of strategic assets, or by sailing in criminals and would be murderers and rapists.
I dont know what the value of HARLS assets and contracts are worth, maybe not a lot.
The main reason to buy them out would be to get rid of a competitor to keep their tendering prices high.
The government allow strategic UK companies and assets to be flogged off to quite literally anyone whether that be China, the Arabs or Americans picking up amrs companies on the cheap.
And you're telling me the govt would block a move for BAE or Babcks from buying British shipyards.
If our governing class had any use, we'd have been onshoring production at epic speeds over the last few years and these yards would be rammed full of work, sadly the only use those traitors have is to assist uneducated and unskilled immigrants get a 4 star hotel, and argue about pronouns ... and to keep the Chinese building the wind turbines whilst claiming to be "going green".
Correct me if im wrong, as i dont pay too much to this company, but wasnt it only 1 director buying?
Look at videos from 2022, the other director boasts that he'd get his family buying into this company, yet he never did!
I wish holders in this company a lot of luck, as with these 2 directors running the show you will need it.
I do have to laugh at the people on here claiming there are forces rigging the share price to keep it down, the directors have been sending the share price down since the day they got here, its the one thing they excel at.
Yes there is an urgency, as there was in 2018.
But IM is not worth very much to HARL, as they have no money to build it.
When its sold, the money will be used to pay off some off the ever increasing debt, and for hundreds of men t sit around 5 yards twiddling their fingers.
Its 3 years now that hes been in charge of HW, from what i see there is zero chance of this company building "green ships" or using any futurustic technology, its probably that the Northern Irish could no longer build a war ship. If HARL are still in business after Xmas it'd be a surprise to me.
Flog IM to the highest bidder after the JR, then flog the rest of the yards to a competent company.
The directors will have made their ill gotten gains which is generational sums of money, and us LTH'ers will get some money back. Best scenario i can see for myself, the most realistic one is my shares are worth sweet FA in the coming months.
Lottie, If you worked on the tools at HARL for about £2000 PCM as a PAYE worker, would you really want to be putting your hard earned wages into HARL shares?
IMHO popping down to the local bookies, and finding a 3 legged horse would be a safer investment.
Only 3 things will boost the share price -
1 - A JR enabling IM to go ahead as planned, then IM being sold.
2 - A state sponsored shipbuilding contract or 2. (not that this place builds ships)
3 - A professional firm with deep pockets buying the shipyards. Can see that as a possibility if IM gets sold; as IM money will enable Harl to tread water for a couple more years until it inevitably goes bust, which is a long time to wait for the fire-sale when Harl does eventually go bust.
I've averaged in at about 40p, if i could get 20p on the basis of a positive JR, then i'll be out. Realistically I think i'll be out at 0p.
At a time of a so called energy emergency, where they're resorting to printing money to buy people gas. It takes best part of a year for the govt to consult on hydrogen.
Maybe it best if our glorious civil servants f'ed off for a year (by a year i mean forever), then let private companies invest in this arena if they see fit.
Isnt that the reason most of us are here Mr BP, as once your holding has lost 80% of its value, then you might as well hang around to see what happens with IM, in the hope of getting something worthwhile back.
Hope none of you lot key JW's nice shiny motor tomorrow, as we've all worked hard to buy him that!
To call the Tories complacent is a complement to their ability.
Treasonously negligent is closer.
But as per JW their failure is so well financially rewarded in away no one could have deemed possible prior to Maggie and T Blair.
Thanks for providing the date of the JR; funny how the govt can come up with cash in an instant to dish out to people, but it can't come up with a plan to store gas, when such help has fallen on its lap, as per the article below. (let alone become self sufficient)
No doubt the protestors will be happy that they've done their bit to put the price of gas up for working people, then they'll be expecting the govt to give them other peoples money to pay their bills. They're merely Putins useful idi0ts.
Will make my day when Britain starts fracking and digging for coal due to the current energy price hike not being the blip that most are claiming.
Societal suicide continues as we export huge heavy industry contracts to China at the expense of UK workers.
Id be surprised if the skills to build such ships aren't already lost. Only people thats benefits are the 1%ers, and thats just for the mid term.
Ever since JW came on board, its always been a case that the next 1/4, next 6 months, next year are crucial times.
As the SP shows those crucial times must have meant the company failed at the crucial moment.
I just can't see a judge putting a stop to IM, when we are war with Russia and desperately need gas storage; shows how mental people are in the country that they still want to stop IM, and replace it with the energy created from Leprechauns dancing at the bottom of the garden.
As wrong as it is IMHO, over my entire life (im late 40s) there has been no profit in the type of work HARL are involved in.
Now i do realise the time frame i have been alive has seen heavy industry go overseas to be done by cheap labour and minimum regulations, making it pretty much impossible for these kind of yards to make money.
That was the beauty of IM when i bought and the market cap was circa £2mln, as it was a potential business that in essence skims a profit from millions of hard working people in need of energy; as opposed to being reliant on bidding processes with the most bureaucratic govt this nation has ever had, not to mention dealing with 1000 or more (soon to be unionised) rowdy spanner monkeys all wanting a pay rise and better t's and c's.
To be fair to Schultz ,i presume he lives in the UK/EU and is used to epic reward, for epic failure and just sees this as the norm.
I could have been sitting here on a multi-bagger if this incompetent man hadn't came along and needlessly bought a load of shipyards with other peoples money. I forget how many millions he has spent, but i do know its far more than the current market value of £17mln
To buy one shipyard was a disgrace, to have bought 4 is just mind boggling. It was a gas storage project, there were sweet FA synergies with shipbuilding.
Now i know he claimed he was going to gift H&W the fabrication contracts for IM, but in the event IM is sold the company who buy it are going to want to put such contracts out to tender to get the best price as opposed to gifting the contract to H&W.