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This seems to struggle every time it hits 18p.

The big question is how much is IM actually worth? In JW's April presentation it was said to be worth high double digit millions before the JR result and into triple digit millions after a successful JR. But no formal valuation has been given so how does JR arrive at those estimates?

I wonder how long we'll have to wait for JW to tell us the plans. I was kinda expecting an RNS this morning with further details but that was me being optimistic.

Thinking about it, JW may want to get a formal valuation first and what he ultimately decides to do will depend on whether other companies make worthwhile offers. I get the impression he would rather go it alone with a loan from the national infrastructure bank than take a lowball offer to sell it/farm out. But on second thoughts how could we even get a loan from the national infrastructure bank if the project is security for existing loans?

Here's the link: https:// t. me/ +YKecTEBxm_k3NmJk

Remove the spaces.

Good post Chris. There's a lot of crap gets posted on ADVFN, even moreso than here. It seems to attract the same ultra negative shorter views that you get on Twitter. I'm guessing the site has no quality control with content and anything goes.

I don't mind hearing the possible downsides but with those types it's the same comment over and over... For months. "HARL has debt, sell so I win on my short!"

As I keep saying, sooner we get the new finance deal sorted the better. It's probably more important for sentiment than the JR win. But these types will still find something else to highlight when they want the price lower.

An asset being used as security for a loan? I'm not sure why this is suddenly breaking news. That's how loans work. Did anyone actually think otherwise?

The shorters are working overtime on here, ADVFN and Twitter this week trying to scare people into selling.

Sooner we get this finance closed off the better as this is what they're playing on - the financial situation.

My prediction remains above 20p by year end, probably low 20s if I were to refine it.

This isn't going far until IIs invest as there simply isn't enough PIs that hold longterm to push it higher. It may well spike at some point and touch the 2022 high but it won't stay there as it will be sold.

I don't see IIs buying this until we are breaking even. Some may buy towards the end of next year on the back of the H1 trading update next September but we'll have to see. Might see and hold 30s at that point.

£1 is the stuff of dreams and many years away, probably no earlier than 2027.

So far my predictions have been too optimistic as I originally thought we'd see the 30s this year.

Hopefully I'm wrong but the AIM market is dead and has been since early last year.

We were 13.5p as recently as last Friday, there has been plenty of time for those who want more at that level to buy more. We've been there so many times and even lower in July. So I feel it is time we started seeing some shareholder value here after the year we've had. I think we all deserve some reward for our risk and to see our investment grow, as so far leaving your money in a current account would have outperformed investing here in 2023.

I figure closing finance and a good H1 report will achieve that, but on the other hand are they just going to be another quick spike that day traders milk whilst the long term holders hope it retreats to buy more at the previous level?

G, you make it sound like there's a group of people acting together to manipulate the share price here. It wouldn't surprise me if that's the case, certain people always show up at the same time. I expect Suhail and Terminator to be very active on Twitter this weekend attacking the company. I have them muted so I won't be watching.

This is why I don't like AIM and its lack of liquidity. It's so easy for a handful of individuals to manipulate the share prices of small caps because it doesn't take much capital to move the share price. Quite a few of us here hold more shares than the entire volume we get on some slow days. If I sold my entire holding the share price would probably drop around 0.5p at least, and yet some people are certain the market is too big to be influenced by PIs. On the FTSE maybe but not AIM!

Unfortunately the shorters have quite often won in the past here and got their target closure prices. But that was often helped by the release of poor news to help it down. With the newsflow expected over the next couple of months - update on IM, finance closure, H1 update and 70m contract confirmation I struggle to see what their goal is this time. No doubt 13-14p because the charts they helped create by orchestrated selling and shorting at certain levels say so. Another line will be drawn to show an even longer wedge than the last one to fit yesterday's high into it. These mouth breathers don't care about fundamentals - just wedges, bowls and shampoo.

G, what makes you think those 100k trades were shorts? I noticed two were cancelled so only two of the six were sells.

On the IG shorts I have been watching this week and they were 10% before we won the JR and still 10% at the end of the day. I don't think I have ever seen it lower than 7% so clearly some have a short open forever just to increase the numbers. Besides, not everyone uses IG and whilst it might be a good platform for shorting people have longs on many platforms including like mine where shorting isn't even possible. So the real ratio of longs to shorts is likely higher than 88/12.

The problem with percentages like 12% shorts is it can change without the number of shorts increasing. If there are less longs, as I suspect today due to the selling.

Example if there are 100 accounts and 10 are short and 90 long and 10 longs sell then you have 90 accounts but still 10 short. Yet the percentage of shorts is now 11%.

The figure IG gives for shorts also gives no clue as to how many shares are short. In my example it could be 10 people with 1 share short each, or 10 people with 1 million short each.

So these numbers are meaningless.

As if shareholders would vote to sell the company for less than 20p. 😂

I wouldn't entertain the idea for less than £1.

There's nothing sinister going on, just people trading.

I have been tempted to eat my loss and go elsewhere. There's plenty of shares that will get my money back faster than this thing.

Overall I'm still up on this share but this mistake has eaten away a significant portion of my profits from last year.

The selling is down to traders who bought yesterday taking their 5-15% profit and chasing the next butterfly.

Key thing will be how many investors saw the news and decided to come onboard - as that will lead to a higher floor than the 13-14p we've seen a lot of. I would like to think it won't drop below 15p again.

In short we need the shares into "sticky hands" (I hate that phrase) to hold a rise.

Whilst JW is finding new markets to enter, I wonder if he has considered selling our H&W Welders FC footballers to the Saudis. Could be a nice little earner.

Once the new finance deal is sorted that should ease any concerns over finances, as it is said to be a 5 year deal at a much better interest rate. Assuming JW keeps to his word we will break even in 2024 and generating profits in 2025. In terms of an investment, 2025 isn't that far away. We get to buy in/hold cheap now for the extra risk of investing before then. I believe IIs and HNWIs will be more interested towards the back end of next year when the risk is significantly reduced.

The ferries will be built with government levelling up funding.

https://www.harland-wolff.com/news/harland-wolff-announces-programme-to-build-and-operate-isles-of-scilly-ferries/

I wouldn't call it amazing. I'm sat here wondering why I took on the risk of a possible 20-30% drop in share price for nothing. I could have sold before the JR and bought back today and avoided that risk with no loss.

I find this a lot with AIM stocks. All risk and no gain. Traders buying on good news and selling to less experienced traders at the top of a rise then the less experienced traders selling after the reversal and taking a 10% loss.

I didn't consider selling before the JR because I was around 80% confident we'd win it.

Regardless of the share price activity today the fact is our IM asset is worth a lot more than it was at 7am yesterday. That will bear fruit at some point. I await JW's comments on the next steps.

Traders these days are happy to get out with 10-20% so unless there's lots of new investors the share price won't go up too much. Gone are the days where a share will bag in a day.

The key is attracting new people to invest through good newsflow, and that will lead to a nice rise over time. Plenty of newsflow to come in the near future to generate more excitement here. I think we'll be happily in the 20s by the end of the year.

Good to see CPI moving in the right direction this week. Hopefully the start of a reversal.