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Caravan. The results ARE the news. Why do you think the SP is in the 9's? Time to remove the blinkers......
Neil. I totally agree. Why would anyone in their right mind invest in a company with constantly increasing and massive losses, especially in this economic environment. Seems most posters here have much more money than sense!
Chrisatrdg. How long have you been looking to the future here? The amount of money you found behind that sofa of yours........the amount of times you've convinced yourself that your break even was just around the corner? Has it really been worth it?
Andy. I would advise you tread carefully here. In the years I was invested JW's track record shows he promising shareholder value but in fact only delivering dilution/consolidation. Ask any existing Lth how much they invested/lost, real or paper. I guarantee you will get a consistent answer, and it's not the reason people invest!
I was invested here when this was only the Islandmagee project. Sold last Feb at 13p with a sizeable loss BEFORE all the recent big money contracts. You would imagine these boosting SP, but no, nothin has changed the constant downward trajectory and depletion of shareholder value. My faith in management blown by years constant deceptions and devaluation.
From past years of investment here, it's clear to me Harl can only claim consistency in 2 areas that are factual and verified: 1) Mounting losses and 2) Excessive CEO and CFO remuneration.
Let's do the maths......
Losses since JW and AR arrived:
2018 - £963,413
2019 - £1,182,712
2020 - £10,409,873
2021 - £25,508,270
2022 - £70,357,333
Can we see the pattern emerging?
With constantly increasing losses and a current breakeven of £100m I can only conclude this company will never make a profit, though chief management won't be worried about that, for as long as it lasts!
I expect the SP to begin testing yearly and all time lows soon.
Nice to see some old posters here again. Not so nice to see the new cabal of resident rampers.
From past years of investment here, it's clear to me Harl can only claim consistency in 2 areas that are factual and verified: 1) Mounting losses and 2) Excessive CEO and CFO remuneration.
Let's do the maths......
Losses since JW and AR arrived:
2018 - £963,413
2019 - £1,182,712
2020 - £10,409,873
2021 - £25,508,270
2022 - £70,357,333
Can we see the pattern emerging?
With constantly increasing losses and a current breakeven of £100m I can only conclude this company will never make a profit, though chief management won't be worried about that, for as long as it lasts!
I expect the SP to begin testing yearly and all time lows soon.
"No, I'm not invested and never plan to get back in", in anticipation of your replies!
Xenor. If you'd been invested here since 2017, rather than the last few months, you'd understand my comments.
You're like the baby preaching to the adult! I am only bitter that JW over promised and under delivered. In order for him to profit a lot of LTH's lost some serious money, and he knew it!
Good Luck with your investment.
Lottie. Losses, yes I said losses since JW has arrived:
2018 - £963,413
2019 - £1,182,712
2020 - £10,409,873
2021 - £25,508,270
Yes, you can argue that the 4 shipyards bought for a pittance, given a lick of paint with one robotic welding machine installed count as investment, but the end result is still mounting losses. God knows how high they will be this year?? Anyone care to speculate, or perhaps it's easier to just shoot the messenger? Somehow I'm struggling to name a company whose SP goes up when losses mount............anyone?
A big hoopla was made on the company's 1st major contract Saipem), but then what.............radio silence, until last weeks RNS. That is definitely not, as JW likes to claim, "on time and on budget"! Now the second major and 1st MOD contract is running into choppy waters. Things are definitely not what they seem here...........guess what.........they never were. I got out with a fraction of what I invested. JW's "revenue aspirations", pipelines and constant false forecasts made me realize he is not to be trusted. If any of you do the maths, sooner or later you'll see that too. GLA
Nothing seems to have changed since JW took over. SP on its knees compared to 3 years ago. Yearly losses rising steeply. Don't believe me as a disgruntled ex LTH........just look at the figures!
What a surprise.............goal posts moving yet again!
https://sloveniatimes.com/slovenia-withdraws-from-energy-charter-treaty/
Looks like the arbitration case is moving along:
November 23, 2022
Following appointment by the Claimants, Klaus Reichert (German/Irish) accepts his appointment as arbitrator.
https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/22/21
@ jonesrichard: Why hasn’t the sp reacted to this new 55 mill contract!?
Perhaps because the company breakeven for this year, prior to FSS rns, is approx.100million!
That figure seems to be unmentioned in all recent posts (ramps). I wonder why?
Time to sell until the next ramp!
Ditto Spud. You were not alone in your "mistake believing." Or perhaps the only thing that was shovel ready was the BS JW fed us?
Ouch!
Maqsood. Thanks for all your valued input. I found your recent video on Harl really useful.
https://youtube.com/shorts/LbOEBapHvrc?feature=share
With all the noise I'm hearing SP should sail or blow by 7 today. Get in quick so someone here who just appeared can make a quick profit......
Stokey. 7.63% down today, nearly back in the 5's. We don't have much more room to fall before yet another consolidation.
Xenor. "Unfortunately starting to look like the excitement building around the company was fake - people trading for a quick profit."
I did try warn you.......then got shot down.......go figure.
Consuela or should I say LisaD? A quick question for you: if a naturally formed cave is the same as solution mined cavern, why dont we decommission those also?