Harland & Wolff Share Discussion Threads

[albert arthur] 13/7/2022 08:21

That's the 200EMA, would expect a rally and bounce near this level..

[aimmafia] 13/7/2022 08:15

We all hope :)

[albert arthur] 13/7/2022 08:07

Think it'll see 18p later today IMO...

[m5] 13/7/2022 08:04

74tom13 Jul '22 - 08:44 - 359 of 360

Its a recovery play, that's why it has a 15 million market cap. To me they are doing everything right and more contracts will follow.

Harland & Wolff, group CEO John Wood, commented:

"I am thrilled that the Company has been awarded the M55 Contract. This is a watershed moment.

This contract has provided the breakthrough that we needed to activate our fifth and final key market of Defence. Our strategy has been well and truly validated and we intend to capitalise on this win through bidding on and securing further government contracts.

[aimmafia] 13/7/2022 07:51

More contracts to follow. This is just the start

[74tom] 13/7/2022 07:44

The broker note isn't a good read... even after this contract award they're still making a loss before tax of £12.7m in 2023!

[m5] 13/7/2022 07:38

55 million contract, 15 million MC. I am happy to buy at these levels.

[iceagefarmer] 13/7/2022 07:37

worth a decent punt this one..im in!

[livewireplus] 13/7/2022 07:31

... happy to wait for it to go slowly mental... like the part in RNS where it mentions that the Company is progressing towards its stated medium-term goal of becoming a GBP500 million per annum turnover business.....

[aimmafia] 13/7/2022 07:07

This could go mental today

[livewireplus] 13/7/2022 06:51

Indeed ... with the work is expected to commence next month .... and be completed within 18 - 24 months.... jam soon :-)

[this_is_me] 13/7/2022 06:31

A huge contract; £55 million compared to the company's less than £12 million market cap.

[si derman] 13/7/2022 06:18

How'd you like them apple's, Appledore? :)

[skinny] 13/7/2022 06:03

First Defence Sector Award for cGBP55m - M55 Regeneration Programme

Harland & Wolff Group Holdings plc (AIM: HARL), the UK-quoted company focused on strategic infrastructure projects and physical asset lifecycle management, is pleased to announce that the Company has been successfully awarded the M55 Regeneration Programme (M55 Contract) by the Ministry of Defence (MOD) on behalf of the Lithuanian Defence Materiel Agency (DMA) after a competitive bid process.

The contract value for this programme is GBP55 million, with a potential to increase this value through additional equipment and further upgrades at the client's option. The M55 Contract incorporates the delivery of a regenerated vessel, with stated mission and sonar systems, to an agreed operational condition, for final delivery to the Lithuanian Navy.

It is a landmark deal for the Company, being its first contract win within the defence sector. Following extensive discussions with the MoD and a competitive tender process, winning the M55 Contract is a clear validation of the strategic progress the Company has made in the last 2 years as well as the technical skills, expertise and facilities it now has in operation.

The M55 Contract is expected to commence in August and be completed within 18-24 months with the programme being undertaken at Harland and Wolff's Appledore site. Under the terms of the contract, no performance bonds will be required to be issued and an acceptable milestone payment plan has been agreed for the lifecycle of the programme. Contractual payments will be spread across FY 2022, FY 2023 and FY 2024, thereby creating a predictable, ongoing revenue stream for three financial years. The contract underpins the Company's FY22 and FY23 revenues, with margins also in line with management expectations.

The Board strongly believes that this contract will significantly enhance the Company's reputation in the market and pave the way to securing future defence and government contracts.

With this award now secured, the Company has delivered on its objective of becoming operational in its five key markets - cruise & ferry, commercial, energy, renewables and defence. In conjunction with the recent award of the Cory barge contract, all the Company's facilities are now operational and active on projects. The Company is progressing towards its stated medium-term goal of becoming a GBP500 million per annum turnover business.

Harland & Wolff, group CEO John Wood, commented:

"I am thrilled that the Company has been awarded the M55 Contract. This is a watershed moment.

This contract has provided the breakthrough that we needed to activate our fifth and final key market of Defence. Our strategy has been well and truly validated and we intend to capitalise on this win through bidding on and securing further government contracts.

The extended process to win the M55 Contract enabled us to showcase the technical and commercial capabilities of the entire group and has now provided the MOD with a credible alternative to the existing industry base. This contract is validation that the Government can go elsewhere, recognising the investment and progress made over the last two years to put the Company in a position to execute on such programmes.

Our eyes are now set on delivering this contract and executing on our pipeline as we continue to build momentum, credibility and a high-performing, experienced workforce.

Finally, I wish to thank the MOD for the faith that they have placed in the Company, and I look forward to working closely with them on the successful delivery of this contract ."

[ijamlon] 04/7/2022 12:02

The new excuse for not producing accounts is that they were really busy! Shame the busyness didn't generate any business.

[ijamlon] 26/6/2022 18:13

Just for fun I re-read the November statement explaining the last equity raise..."The net proceeds from the Fundraising will be used to facilitate delivery of existing and expected contracts and secure further higher value contracts in the Company's pipeline." That went well then. Eight months of nothing. Wonder what the rationale for the next raise will be?

[mrmark1] 17/6/2022 09:45

Management expects negotiations with the MOD on the M55 regeneration programme to be completed in the next few weeks with an announcement to be made thereafter, should an award be made in the Company's favour..... this contract is worth £45-55m / unsure the margin on the contract but would guess this contract alone is more than the current m/c. Squeeze on from 13-15p on news

[this_is_me] 10/6/2022 16:00

Encouraging progress reported today.

[this_is_me] 07/6/2022 13:39

The chartists would say that we have had a double bottom in the share price giving a target share price of 32p.

[milesy] 03/6/2022 08:58

An interesting and growing customer to have: