Harland & Wolff Share Discussion Threads

[aimmafia] 30/8/2022 07:14

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 09:17

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 17:40

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

[c2b] 23/8/2022 08:37

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 07:48

No mention on contract value?

[ijamlon] 16/8/2022 19:29

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 19:27

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 14:04

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 13:14

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...

[c2b] 16/8/2022 10:48

So if for 2022 Revenue is £65m to £75m and Breakeven Revenue is £80m to £100m we are short of between £15m and £35m Revenue to achieve Breakeven, so at 27% missing margin are we looking to make a loss for 2022 of between £4m and £9.5m. Bearing in mind all the opportunities and especially the politically favoured relatively deprived areas in which they operate and their Green credentials that seems quite good to me and within the debt facility to cope with? Anybody disagree ?

[ijamlon] 16/8/2022 10:19

John Wood charged the company £185,760 in fees for environmental consulting services and boat hire through a company he owns. The fees came on top of the £516,446 salary earned for the 17 month period the accounts covered.

[ijamlon] 16/8/2022 10:00

It will need a miracle, or a string of equity recapitalisations, for them to generate enough cash to avoid sinking under the needed debt.

[ali47fish] 16/8/2022 08:14

and yet the share price reacts negatively

[this_is_me] 16/8/2022 07:57

Yes, massive increase in turnover, big rises over the next couple of years forecast, cashflow break-even forecast for next year. The market cap. is less than £11 million which is only a small fraction of the exploding turnover forecasts.

Management have really stuck their necks out and put their reputations and jobs on the line so they must be confident of the company's potential.

[ali47fish] 16/8/2022 07:29

lovely update sounds promising

[spudtheplumber] 15/8/2022 20:21

The the loss was over a 17 month accounting period

[spudtheplumber] 15/8/2022 20:20

Tbf the loss was over a 17 mon

[mrmark1] 15/8/2022 10:08

A lot more business and 60m debt facility being serviced by revenue - MOD HMS Quorn being delivered today?

[mcbull] 15/8/2022 08:11

Loss for the year (25,508,389) Prev year (10,409,873)