Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Spotted that too. Is this just scaling up the barge deliveries? Or another project?
We should also give Consuela the space to say whether they only have a grievance for JW, or if they also wish for financial loss of current HARL private investor holders.
*empathize
My thinking is if others on this message board understood the underlying grievance, i.e. what this is really about, then they'd be less hostility from both side. I would emphasise, as I'm sure others would, if we knew a bit more about the nature of the issue with JW. Unless we ask, Consuela's issue might go beyond the historic Infra context.
"I am emotionally attached to JW and what he's done"
Putting all judgements aside Consuela, what has he done that has affected you? That's a sincere question.
Si_Derman, I must be near you, I quite often drive over the South Queensferry bridge and always have a look at what's docked at Babc**k, hopefully heading to Belfast.
Hi Kaeren, "They are 100 % working".. did you ask JW if he's expecting the finance deal to conclude in 2023? What did he say?
Maybe someone should reply to Ben's LinkedIn post and ask when to expect the funding announcement.
What's the name of the telegram group for Harland & Wolff?
"The designs by Harland & Wolff and Houlder were thought to have come out on top."
https://www.harland-wolff.com/news/jobs/senior-project-manager-fss-fleet-solid-support/
Posted on the H&W site yesterday.
Job ads have just been posted for two cleaners at Appledore, on the H&W website:
https://www.harland-wolff.com/news/jobs/cleaner-x2/
Presumably to clean up the mess the short sellers made of themselves this morning.
The 9th November RNS said: "Financial close is expected within four to six weeks. The Company will make further announcements at financial close."
6 weeks from that RNS is 21st December, i.e tomorrow.
Might there be an RNS tomorrow confirming the refinancing details and finalisation of the refinancing?
Very insightful comment at 14:45:50 in this committee hearing!
Regarding FSS:
Ben Wallace: "I expect us to sign the detail of contracting in the next few months."
Vice Admiral Paul Marshall CBE, Director General, Ships: "Hopefully by new year."
HARL shareholders are in for a very bountiful next few weeks as an early Christmas present :-)
and a 1m purchase at 54.94p at 16:18.
Lots of chunky buys this afternoon. Algos or human investors?
At 15:12. Is this the start of chunky trades in an upward trajectory? It's more than £100k, who is the buyer? And who is the mystery buyer in the chunky after hours UT trades in the last 2 weeks? Today is a blue day on the markets and in retail, after the positive news from the US, so not to get carried away. But closing blue would be very welcome after the month of August.
From the Guardian just now: There were “notable job gains” in America’s professional and business services, health care, and retail trade last month, says the Bureau for Labour Statistics.
THG has a lot of retail activity in the US.
This has been painful to watch the last two weeks (or years depending on your entry). The one reassuring aspect to the fall that it's entirely in line with market trends. The daily share price pattern is very close to others in the retail sector. Compare it to ASOS and BOO over the last few months. I appreciate that underlying fundamentals may be better than other retailers but for now were weathering a sector wide storm that's magnifying other indicators. The daily drops after 15 August is consistent with the drop of the £ against the $ in the same period.
If comfort can be found from this, it's that THG isn't moving in the opposite direction to an upward sector. Right now everyones in the same boat: the US market is a seen as a safer bet. If/when the the strength of the £ improves then we'll see exaggerated upward moves. Hopefully after that the THG forecasts sets it apart from others in the sector for a further uplift.
"what chance of the CEO taking this private?"
How could he? He "only" owns about 20% of the shares in issue. Would he not need a >50% majority, or even 75% of shareholder votes, on a resolution to take this private? Literally every shareholder would be selling their shares at a loss to him at this price, so would why they vote for that?
"combined with a total break down of trust between him and the City"
Which is why Charles Allen was brought in as non-exec chairman - to improve board room governance, transparency and trust with the city.
It's been 6 months now, more than enough time to rearrange the furniture. Some of the responsibility to recover THG's market cap must now be shared with 86p per share shareholder, Lord Charles.