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HARL Harland & Wolff Group Holdings Plc

0.00 (0.00%)
30 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Harland & Wolff Group Holdings Plc LSE:HARL London Ordinary Share GB00BLPJ1272 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.75 8.50 9.00 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Natural Gas Transmis & Distr 27.97M -70.36M -0.4066 -0.22 15.14M
Harland & Wolff Group Holdings Plc is listed in the Natural Gas Transmis & Distr sector of the London Stock Exchange with ticker HARL. The last closing price for Harland & Wolff was 8.75p. Over the last year, Harland & Wolff shares have traded in a share price range of 8.10p to 19.00p.

Harland & Wolff currently has 173,047,211 shares in issue. The market capitalisation of Harland & Wolff is £15.14 million. Harland & Wolff has a price to earnings ratio (PE ratio) of -0.22.

Harland & Wolff Share Discussion Threads

Showing 5076 to 5098 of 5100 messages
Chat Pages: 204  203  202  201  200  199  198  197  196  195  194  193  Older
Titanic shipbuilder warns Scottish yards and 500 jobs are at risk
Maybe people just don't want to work in industrial sectors...hard graft day in day out...rather have ones head buried in mobile phones...
I'm not doubting your estimates but where are they getting the cash from for the wages? They were maxed out on the Riverstone loan almost a year ago now. I'm a bear but if a bull claims "well they can't be doing so badly cos nobody laid off yet" it needs a counter.
I think a mean wage bill of £3k per capita per month would be reasonable. There will be a lot of apprentices on far less, but we pay our skilled marine engineers a lot more; plus Woodie and Arun will be troughing around £50k per month each (before bonuses) and a lot of their senior chums will be coining it whilst they can.
Mostly someone else's money, of course (formally shareholders' [but they can't raise any more to steal], now Riverstone's), because they ain't generating much cash at the moment.

Thanks SonOfAPeach but if the wage bill is £4-5m/month one does wonder how they are paying it! They should have run out of cash by now. The bulls will say its because sales are better than expected I suppose. I think its in the post.
Indeed; there are those who continue to insist that the £77m has been invested - where did it come from and where does it show? I can't find the relevant piece from the Company now (a LinkedIn comment or a response to the media), but from their own lips it was stated "the £77m to be invested". It sure ain't coming from the Spanish government, who would like nothing more than to have 100% of the FSS pie with Navalia, especially after Brexit.
The H&W wage bill alone (assuming they really do have 1500 on the books), given how top-heavy the place has become (so many washed-up old-timers taken on; presumably they know where the old bodies are buried, hey John?), must be £4-5m a month.
My colleagues were at the Scottish Skipper Expo a few weeks ago and got talking to the H&W rep (it was a pathetic show, by all accounts), presumably from Methil, to ask how things were going. Er, great, except we have no work, was the response...
Oh, I have just remembered - what was the recruitment fair in Southampton all about a while back?

Labour will also say "no" because they are not in the business of bailing out billionaires who own Riverstone. They may say yes to a plan which first swaps the Riverstone debt to equity but then equity is toast anyway.

But setting all that aside - HARL have 1500 staff to pay for another 3-6 months while we elect a new set of idiots and they all then need a month or two to get their feet under the table. So no doubt HARL will run out of money by then and so somthing will need to get done first.

Agree there will be no decision now, looking forward to Kevan Jones being new Secretary of State for Defence. JW & 'LinkedIn Arun' need to look for a Plan B.
john mcinnes wood
It will never get agreed (or blocked) with a General Election on the horizon... which means from a very simple perspective, HARL won't get support this side of the Election and will have to keep rolling its existing Debts forward with its existing Lender(s) (or equally expensive alternatives) until a 'revitalised' Government is in place... which might still say "NO" depending on which Party(s) end up in 'Power'
This UKEF deal has been dragging on since last December and beyond.
Would suggest that the issues are fundamental ones and not straightforward? Otherwise, they could give "agreement in principle" while working through the detail.

Why did Richie dodge the question on the ukef guarantee at pmq's ?
fall into liquidation.
17:29 was honest Johns role in this?
The seniors board today awash with Kevin Jones and letters to The Standards Commissioner , good luck with that but he hasn’t actually done anything illegal. Some should stick to writing the Hansard minutes because their shipbuilding knowledge is zilch
What's lazy about it? I assume you mean they are lazy because you don't agree with what they are telling you and it's not what John Wood has told you?
Looks as though the lazy journalism has stuck and starting to look like 'no smoke without fire'
So if there are other willing, well capitalised contractors willing to build the ships in Belfast why doesn't the Gov just use them rather than risk £200m of tax payers money?

The bulls will say that they don't own the Belfast docks required.

Problem is that Riverstone effectively own the docks because HARL can't repay them so they can just sell them or lease them to whoever wants the contract.

"Well Loggers and Jakoff you gonna look a right pair of Deramping Doughnuts if the government does indeed allow the loan guarantee."

Well if that happens then - I'll certainly admit I'm wrong. I don't think that scenario is impossible but I give it a very low %.

If they do bail out the shareholders, and Riverstone by backing a loan then the doors of Whitehall will be besieged by others looking for cheap loans for their failed indebted companies.

"Yes, I would propose that the government then pumps in fresh equity. Do you have a different proposal?"

I just don't think modern governments like owning small engineering companies. Big nationalisations sometimes happen when in the public interest e.g. to keep water flowing into peoples sinks or banks able to lend but otherwise I'm not so sure.

A private market solution is possible. Someone would buy them for £1 if the debt was all written off for example especially if at that point the Gov was happy to back the loans associated only with the battleship work.

There's a deal to be done but it involved Riverstone taking a hit and someone new owning it. Obviously current equity gets wiped out.

John Henry,

You should ask around, there are people here, on ADVFN, that have been in the room at the same time as both of us.

And FWIW, I will be in these rooms for Wed and Thu next week:

Feel free to come and find me in the bar, I will happily buy you a pint to drown your sorrows.


Well Loggers and Jakoff you gonna look a right pair of Deramping Doughnuts if the government does indeed allow the loan guarantee.
Or should i say Doughnut as every man and his Dog know you are in fact the same poster under a different a guise. It is really quite pathetic.

john henry

"The big problem with that JN is they need new money. They have a massive payroll of 1500 people and if it were nationalised that would then need to be funded by the state. I doubt the Gov would want to take on all that hassle."

Yes, I would propose that the government then pumps in fresh equity. Do you have a different proposal?

You have a quandary, how to keep the yards open, the jobs protected and ensure that the building of the FSS vessels happens. Someone has to inject some cash but the current balance sheet is hopeless. What do you propose as a solution?


What in the missing payroll payments is going on here today?
Chat Pages: 204  203  202  201  200  199  198  197  196  195  194  193  Older

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