Member Info for Xenor

So what are you suggesting Stokey, we should all sell because the share price won't go up? :)

Tempted to do the same Gusto. It's getting like Twitter where there are a few people who have sold on the news trying to scare everyone else into selling during this quiet period between news.

The longterm holders invested in a gas storage company. They are now invested in a shipbuilding company. So I can understand why they might be confused. However the gas storage element is still there and it will do well if the environmentalists stop holding it up.

HarChris, fair enough. So in that case why do PIs keep saying we need 50m market cap for IIs to invest? Or is this just a tactic rampers employ to get people buying up to that magic 50m so that they can then dump? HARL started dropping as soon as we approached 50m and I've seen it happen elsewhere.

Don't IIs not invest in companies under 50m market cap? So we need PIs seeing value here first.

Additionally, he said in the Financial Times a couple of days ago that the company is on track to meet its financial targets.

Jfk9, that is for 2024. From the same RNS:

"management has an aspiration of generating revenues of between £100 million - £115 million for FY23."

"Consequently, the Company believes that annualised cashflow break-even is achievable on revenues of between £80 million - £100 million depending on the mix of contract wins."

What I take from that is profitable in 2023 given that there is also deferred revenue from 2022.

We really need updated guidance for 2023.

Stokey, we get 25m this year and next from FSS. It's not an insignificant amount, though it is a lot less than we get from it from 2025.

We just have to be patient on contracts. JW has clearly been very busy on FSS over the past few months and that may have gotten in the way of other things. But he said mention multiple large contracts over the next couple of quarters back in November so we should get something.

We've just won a 700-800m contract. If that isn't enough to pull in investors then I don't think smaller contract wins will interest them either. But I agree we are due another win.

Unfortunately this is how AIM tends to go. Sell on news and then start demanding the company release more news for the next trade. The people who sold HARL (IE not Kave and Killik) are currently buying BOIL. Watch that get dumped heavily on news as well. Guarantee they will rotate back into here in anticipation of a positive JR outcome in May.

That is false jk9. Read the RNS dated August 16th for projections on shipbuilding.

Hopefully IM comes good as well but what confuses me is longterm holders like yourself and Stokey say the share price won't re-rate until we start making a profit and yet you invested in IM before they had even put a shovel in the ground.

Stokey, at this level we could lose the FSS contract and still be undervalued on the rest of the work we're doing. It's ridiculous.

If you read the TR-1s you will see where the shares came from. A lot of them ended up in trader hands which meant they got sold a second or third time. Shares are ending up in stickier hands but not at the rate required to soak up the selling, hence the fall to 14p. But there are signs that we have seen the bottom.

They haven't won it yet Stokey. Andrew Bowles (estimator at HARL) was out there visiting it. But they're bidding for it.

It hit 16p and then people stopped buying. Then the bounce traders who bought yesterday and this morning sold. Need investors for the price to hold a rise, not traders.

That buy would explain the swift move up of the ask from 14.5p to 14.99p. Hopefully the dip this morning was the bottom.

I skimmed through it last night, must have missed that part. Presumably it would also accommodate the 32s once the 26s are built as well though.

Must be for the Type 32 project when it gets revived.

No sign of Kave today, unless he sold some small round number trades that add up to an insignificant amount. Certainly a lot more positive and the rise into close was a good sign.

Avyererdowt, you could try reading the latest TR-1 to see if a seller might be drying up.

Selling is never going to stop completely if that's what you're waiting for. I challenge you to find me any share that has only buys going through.

No sign of Kave so far today.