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HARL Harland & Wolff Group Holdings Plc

12.50
0.00 (0.0%)
Last Updated: 08:00:00
Delayed by 15 minutes
Harland & Wolff Investors - HARL

Harland & Wolff Investors - HARL

Share Name Share Symbol Market Stock Type
Harland & Wolff Group Holdings Plc HARL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.0% 12.50 08:00:00
Open Price Low Price High Price Close Price Previous Close
12.50 12.50 12.50 12.50
more quote information »
Industry Sector
GAS WATER & UTILITIES

Top Investor Posts

Top Posts
Posted at 17/11/2023 08:27 by wiltowin
Riverstone is a multi billion dollar investor ($40bn +) so I'd be exceptionally surprised ney flabbergasted if they left H&W high and dry now what with the multi billion pounds pipeline they've got this past year for a few million quid lol.
Posted at 07/11/2023 07:48 by wiltowin
This American contract win could get us some good auld investors from across the pond, Yee Ha!
Posted at 04/11/2023 08:48 by linesal2
Harl stated 4th qtr for funding and we are in the 4th qtr, why get a loan before it is needed and pay 2 loans, far cheaper to let the first one run out, then start the new one, and pay off the old one at that time. Don't worry about us investors we totally understand what the risks are and what the opportunities are. Or are you just trying to scare the shareholders to try and encourage selling to protect your pocket money short? get yourself a cash isa now interest is better, safer than shorting HARL.
Posted at 23/10/2023 23:26 by jaknife
wiltowin,

"Total contracted revenue for the next seven years sits at £1 billion in total, up £100 million since March."

That revenue is going to be earned over that 7 years so basically what you're highlighting is that there's expected revenue of about £143m a year for 7 years.

People have been suggesting a gross margin of 20% on that revenue so (notwithstanding that historically the company has never achieved anywhere close to a 20% gross margin) let's run with that and assume a gross profit of £28.6m (20% of £143m).

From that you need to deduct administration costs. If you look at the last results:



admin costs last year were £53.4m and the year before that they were £24.7m.

let's make a miraculous assumption and assume that they can get the admin costs back down to £25m as they were in 2021. That leaves a profit of £3m.

Then you need to factor in the finance costs (interest). Last year they were £12.3m and HARL is proposing to double its debt so we need to pencil in something like £25m per annum. That leaves forecast losses of £22m a year.

Can you see the problem yet?

Wise investors remember the phrase: revenue is vanity, profit is sanity but cash is king.

HARL may have lots of revenue on its way but historically it's had pathetic margins. Even if heroic assumptions are made about margins then the admin costs and interest are going to wipe out the gross profits and leave HARL loss-making. You could fiddle with the numbers and try to make some even more heroic assumptions but, more importantly, where are the profits going to come from that are needed to repay the debt?

This is as simple as I can break it down for you. The business cannot support $200m of debt and, if we're realistic, it can't actually support the existing $100m of debt either. That's why a massive equity fund raise is needed and, why the existing debt needs converting to equity. And when that happens it's going to happen at a huge discount to the current share price such that existing shareholders are going to essentially be wiped out.

That's why HARL is a massive sell.

JakNife
Posted at 22/10/2023 17:29 by ramlamb
linesal2 - HARL have current market cap of £22m - not an awful lot in this day & age. If the company was such an investors dream / profit making machine / dividend payer it would have been snapped up with loose change by a bigger company.

No doubt some may have run their finger over the books, but ran away laughing. HARL is a penny share stock, oh wait, I'm being generous there, not even worth 1/2p.

Don't complain when the phoenix rises from the ashes and you have nothing to show for your investment - JW & Arun won't blink an eye - just rinse & repeat.
Posted at 22/10/2023 14:38 by wiltowin
Obviously out of my deapth invested here with so many knowledgeable experts telling investors not to buy lol.
Posted at 20/10/2023 13:20 by loglorry1
Jeesus PWhite - you need to catch up. I'll summarise.

The bulls say UKEF will bail out shareholders by backing (to 80%) loans from banks and its just taking a while to get sign off. The £200m backed loans will pay off current lenders and cover loses for the next 2 years.

The bears say don't be silly UKEF has never and never will bail out other lenders (which is effectively what this would be) and back loans for a company which has a technically insolvent balance sheet, no assets to secure the loans against and no reliable cash flows to service the debt.

The bulls say "don't be silly its in the AR that we are nearly over the line with the UK Gov guarentees".

The bears say "Pfff - if it was going to happen then it would have by now clearly the Gov won't bailout current lenders, and by consequence equity holders".

Take you pick - fairly land ideas where UK Gov steps in to help current debt and equity investors or a more realistic scenario where UK Gov says "sure rinse equity and make current debt take a big haircut then we'll consider it".
Posted at 01/9/2023 11:23 by loglorry1
"Why is every single one of your posts slagging off companies then and no positive posts on any company.??"

99.99% of posts on advfn extol the virtues of companies (often without merit), 99% of small cap private investors loose money I expect.

Jak and I are just pointing out plain facts which HARL itself is publishing alongside its house broker.

Instead private investors prefer to wave the british flag and sing Rule Britania expecting that to save them from the simple fact that HARL by its own admission is insolvent.

Don't worry though John Wood the man responsible for getting you in this mess will make a nice chatty video soon telling you that Islandmagee is worth £100m+ so debt is not a problem.
Posted at 08/7/2023 17:47 by lopodop
The central issue is whether the shares are worth anything given the numerous doubts expressed.
Many investors are locked in because they failed to think and paid a price based on hype.
The Board has to assuage investors but it’s going to take time and time is something they haven’t got.
So what happens next week is anyone’s guess.
Posted at 05/4/2023 07:17 by oakville
Harland & Wolff Group Holdings PLC

05 April 2023

5 April 2023

RNS Reach

Harland & Wolff Group Holdings plc

("Harland & Wolff" or the "Company")

Announcement of Spring Investor Event in London

Harland & Wolff Group Holdings plc (AIM: HARL), announces that John Wood (Chief Executive Officer) and Arun Raman (Chief Finance Officer) will provide an investor presentation on Monday 17(th) April at 6.30pm at America Square Conference Centre, London.

The event will be an opportunity for investors to meet the Company's leadership team, discuss operational progress and ask questions.

The event is open to all existing investors and will consist of a presentation, Q&A session, followed by networking.
To register for the event, please email investor@harland-wolff.com .

The Company may seek to hold further such events in Leeds and Edinburgh, further details of which will be announced in due course.

For further information, please visit www.harland-wolff.com or contact:

Harland & Wolff Group Holdings plc +44 (0)20 3900
John Wood, Chief Executive Officer 2122
Seena Shah, Head of Marketing & Communications investor@harland-wolff.com
media@harland-wolff.com



About Harland & Wolff

Harland & Wolff is a multisite fabrication company, operating in the maritime and offshore industry through five markets: commercial, cruise and ferry, defence, energy and renewables and six services: technical services, fabrication and construction, decommissioning, repair and maintenance, in-service support and conversion.

Its Belfast yard is one of Europe's largest heavy engineering facilities, with deep water access, two of Europe's largest drydocks, ample quayside and vast fabrication halls. As a result of the acquisition of Harland & Wolff (Appledore) in August 2020, the company has been able to capitalise on opportunities at both ends of the ship-repair and shipbuilding markets where there will be significant demand.

In February 2021, the company acquired the assets of two Scottish-based yards along the east and west coasts. Now known as Harland & Wolff (Methil) and Harland & Wolff (Arnish), these facilities will focus on fabrication work within the renewables, energy and defence sectors.

In addition to Harland & Wolff, it owns the Islandmagee gas storage project, which is expected to provide 25% of the UK's natural gas storage capacity and to benefit the Northern Irish economy as a whole when completed.

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