Harland & Wolff Share Discussion Threads

[this_is_me] 30/9/2022 07:01

With turnover for the full year close to 10 times the market cap., growing rapidly and an approx. 22% gross margin there is plenty of potential for this to be a multi bagger.

Getting a lot of repeat business shows they can deliver quality work at a good price and still make a good gross margin.

In present circumstances there is a very good chance that the gas storage project will be seen as essential and progressed as soon as possible.

[sacha17] 30/9/2022 06:21

"Group corporate credit facility of $70 million signed in March 2022 with drawdowns being utilised to fund ongoing working capital requirements"Gotta pay those million + salaries somehow the cash ain't gonna be from the profits Sinking ship

[si derman] 13/9/2022 17:37

According to my records I think 2016 was the low point.

Change in share price over the year was -53%
Shares in issue only increased by 10% to 187,541,599
(A very good year in comparison to some)
SP at end of year was 0.00675 making the Mcap £1,265,906

Although, they only had IM back then. And that's progressing well.lol

So look how much better things are today. :)

[si derman] 13/9/2022 17:12

Give it time and I'm sure they will get there.
Just over 5.5p should do it. ;)

[sacha17] 13/9/2022 16:59

Apologies, you are correctI was getting my figures from the ADVFN mobile app which says 93.62M shares in issue

[si derman] 13/9/2022 16:45

Shares in issue 162,887,840
Share Price (mid) 9.6p
Issue x share price = £15,637,232.64
Not brilliant, I admit, but not under 9mim. FWIW :)

[sacha17] 13/9/2022 13:18

Market cap under 9 mil now

[lopodop] 09/9/2022 08:54

Sacha17
Excellent emoluments for a loss entity.

[lopodop] 08/9/2022 09:08

Sacha17
Well the chairman is an expert at placings, if required and also has a good record for directors' emoluments - see TOM - much to the consternation of its investors. Unfortunately TOM has entered a very dark period and its future seems very unclear despite assurances given by Groat to the contrary on a number of occasions.
Groat needs to be successful here - he will have some serious investors watching his every move and he will get short shrift if he wobbles.

[sacha17] 03/9/2022 10:15

Placing soon? Need to pay the directors their millions in salaries somehow... HARL under 10 mil market cap now.

[lopodop] 02/9/2022 18:05

Both are commanded by Groat and both have a faltering share price. Is Groat in the right job? See TOMCO ENERGY?

[lopodop] 02/9/2022 16:35

What / who have / has TOM and this business in common?

[aimmafia] 30/8/2022 06:14

If you havent looked at #CGO then you really should, 200-300 percent upside very near termCurrent Share Price: 7.5pTarget Share Price: 30p in Q4 when 2nd offtake agreement lands and we are earning $10million a year from 1st offtake.Offtake 1: 10,000 tonnes per month of washed coking coalSale Price: $120 Per TonneRevenue: $14.4 MillionEBITDA: $9.6 MillionReserves: 1.6 Billion tonnes Met Coal / Thermal Coal ( company can run for centuries )Offtake 2: in discussionAlso CGO has its Initial Modular coke Battery due to be installed in Q4 which will create even more revenue and expecting another offtake agreement to land for this also! Production will be up to 40,000 tonnes per year of raw coke with huge margins creating the below figures but I am expecting coke prices to go up even further.Modular coke battery will produce once installedMargin: $300 per tonneEbitda 2022 with module coke battery- $19.5 millionPE of 5: $100m Market Cap aprxPE of 7: $140m Market Cap aprxIn 2023 a further large battery will be installed and adding a further $45million Ebitda per year creating rough market caps of:PE5 $285 million Market Cap 2023PE7 $399 million Market Cap 2023This is obviously excluding value of gold asset and also hugely increased coking coal and coke prices.

[diku] 27/8/2022 08:17

SURVEY???...got to be post of the month...



Ijamlon16 Aug '22 - 19:27 - 469 of 474
0 2 0
It’s worth repeating because it is so bizarre. What we have learnt is that 3 years ago John Wood set up a company of which he was sole owner and bought a fishing boat. As CEO of HARL he then paid his own company as much as £430,000 to use this relatively small fishing boat to carry out some sort of ‘environmental survey’ which took a few days. He had a sign painted and hung on the side of fishing boat which said ‘SURVEY’, to make it look like a survey ship. I can’t even

[milesy] 23/8/2022 16:40

It's RNSNON so useful PR but presumably not material in value.

[c2b] 23/8/2022 07:37

I think it's more indicative of a variety of jobs they've got on - 'Harland & Wolff (Arnish) has now delivered components in the nuclear, renewables, marine and oil and gas sectors in 2022 alone' Going back to the accounts for the 17 months to 31st Dec 2021 (very much a start-up period) Cruise and Ferry revenue was £9.6m, Commercial revenue was £2.5m, Renewables Revenue was £6.4m. The figures struck me as larger than I would have expected given the publicity given to individual pieces of work. Glad to see that they now give publicity to these smaller jobs which all 'add up'.

[aimmafia] 23/8/2022 06:48

No mention on contract value?

[ijamlon] 16/8/2022 18:29

It's game over unless the Chair and Board don't care about their reputations. Releasing a statement saying there might be some profit in 2024 isn't going to resuscitate this share with John Wood as CEO.

[ijamlon] 16/8/2022 18:27

It's worth repeating because it is so bizarre. What we have learnt is that 3 years ago John Wood set up a company of which he was sole owner and bought a fishing boat. As CEO of HARL he then paid his own company as much as £430,000 to use this relatively small fishing boat to carry out some sort of 'environmental survey' which took a few days. He had a sign painted and hung on the side of fishing boat which said 'SURVEY', to make it look like a survey ship. I can't even

[randerson19] 16/8/2022 13:04

Struggling to find why the shares are down 3%.

The company just said it was close to cashflow breakeven (lets say they do £70m this year and £80m bottom end for cashflow break-even) and going to do +£100m next year, which £40m is already locked-in. So that way they only need to add £60m of contracted revenue between now and DEC 2023!!

[c2b] 16/8/2022 12:14

RNS refers to 12 month projections for calendar year 2022 stated to be Revenue between 65 and 75 million. RNS of 13/7 stated that the 2022 instalment of the M55 contract would underpin the revenue projections. I visited Belfast (and was impressed) and the company is not afraid to show the work being undertaken in its various yards. At this share price and m/c One to give the benefit of the doubt to, I think.. Whilst exec. pay might always be a red flag, somebody here has put together a bunch of bargain assets and made something of them. Love to hear other views...