Harland & Wolff Share Discussion Threads

[si derman] 03/5/2024 14:34

Shame to hear this news BP. Can't you just do a dog and just make another account. Some people seem to do it all the time. Lost count how many Bubble might have by now, IMHO. :)

[loglorry1] 03/5/2024 07:43

Yes but advfn don't remove bearish posts by allowing users to vote them away.

LSE is a proper echo chamber. But what did this post say?

[loglorry1] 03/5/2024 07:09

I assume you mean LSE. If enough people click to report a post/thread it is automatically removed. Since most ppl are bullish idiots there anything bearish is voted off. This means it's always a one sided echo chamber.

If you can post it here I'd like to see what it said?

[sonofapeach] 02/5/2024 22:28

For those who follow the other major forum here...
BlairPeach has been nuked from said forum, for having the temerity to point out first-hand views of the real revenues due to HARL from the SeaRose contract. All my posts relating to same have been nuked - at whose bequest, I wonder...A little too close to the truth, JW...I work in the marine industry and drink beer with those who have been in the Belfast dry-dock.
Assuming you are the same on both sites, Xenor, please feel free to post this gleeful news to the acolytes on the other forum. It is interesting to see how your balance changes with the wind across the 2 fora.
I was accused by many (including Xenor) of being short HARL; for the record, I was always long INFA and, from the day JW "bought" H&W Belfast, I saw through the self-enriching scam. I have lost almost £100k in potential gain from my initial investment in INFA, I maintained my position in the hope that a spike would get me out at a mere 60% loss; time now to exit and officially short this company.
God help you all.

[john mcinnes wood] 30/4/2024 19:08

Terminator101 - Apparently JW has been asked to take a 'lie detector test' before any new finance deal can be agreed, hence why it's 17 months since talks were announced and no sign of an RNS.

[john mcinnes wood] 29/4/2024 09:00

I see Petrofac are going down the same route that we expect HARL to go down.

[ajseabright] 26/4/2024 20:56

Any ideas what's happening with the appeal??

[terminator101] 26/4/2024 14:53

Any sign of that imminent funding package yet?Asking for a gerbil. Tick tock the cash is running out oclock

[xenor] 23/4/2024 16:06

At least that's something we can both agree on. I am annoyed too at how long this is taking. All signs point to it being imminent, but it has felt that way for a while now.I'm comfortable with the 77m investment, I just don't have sources in front of me to give you. Maybe someone else will.https://www.motorship.com/ships-and-yards/investment-flow-starts-at-belfast-yard/1488254.articleThis mentions what the funding is for, but not where it comes from. Some of the money is also being spent up skilling staff so I don't expect 77m to magically appear on the balance sheet as an asset.Besides, for me it's irrelevant as the value of the assets only come into the equation if the company goes bust or is bought out. One would also hope it would factor into the share price but this is AIM. What I care about is securing the finances as that's the deterrent to investing for most people.

[loglorry1] 23/4/2024 15:36

I'm reasonably relaxed but a bit annoyed it is taking so long.

If I sound shirty with you it's because you accuse me of not doing any research because I'm missing a £77m on the balance sheet that turns out to be something you heard JW say on a video but can't find now. The fact the accounts don't show it doesn't seem to bother you!

Good luck.

[xenor] 23/4/2024 14:54

Believe what you like Loglorry. It is important for each to do their own research and put their money where they think it will pay off. In your case it's betting against so you will read the facts in a way that justifies your bet. Time will tell. I am relaxed with my long, you don't come across very relaxed with your short.

[xenor] 23/4/2024 14:51

I actually rarely post on here Datos, as it's the same three or so people moaning constantly about the same things, just been active this psst week. Hardly locked in. I'm in profit at this level. I was lucky enough to get in sub 6p before FSS, but admittedly averaged up at silly prices.

[loglorry1] 23/4/2024 14:41

"It may have been in one of the video interviews from last year."

LOL! Given that lies that flow from John Wood's mouth why are you surprised to have been duped by his random statements?

I'll trust the accounts and the RNSs rather than just John woods tweets and podcasts where he frankly makes stuff up. c.f. Bank debt term sheets on his desk.

[datos] 23/4/2024 14:18

Xenor, your on these boards night and day, I thought you would know that.

Locked in and you can't get out, another Smart Alec

[xenor] 23/4/2024 13:30

Part of the problem with this share is the information is all over the place. I remember seeing a breakdown somewhere of where the 77m was coming from but I can't remember where. It may have been in one of the video interviews from last year.

[datos] 23/4/2024 12:29

There was a video clip at the time of one of the guys getting trained up on it, their old profiling equipment wasn’t up to speed

[loglorry1] 23/4/2024 11:56

If they bought it 2 years ago it would be on the balance sheet that Xenor claimed was out of date to the tune of £77m.

[datos] 23/4/2024 10:47

Yes they have bought some advanced plate cutting equipment about two years ago for the Belfast yard. I forget the make model no which can give you an idea of what can be performed. A breakdown of all major equipment would be useful.

[loglorry1] 22/4/2024 18:46

I've just scrolled back through the Harl twitter feed and there's not a single pic of "advanced robotic and autonomous equipment".

I suspect it doesn't exist because Harl haven't bought it because they can't finance the cost of it.

I suppose they might therefore be starting a bit late on the FSS contract that requires it?

I'm more than happy to be corrected but I see no evidence of that level of capx investment in the Belfast yard.

[1alfi] 22/4/2024 16:43

01 February 2023
Execution of the Fleet Solid Support Programme ("FSS" or "Programme") Subcontract

"Full scale fabrication is due to commence in 2025 with the vessels due to be delivered to meet the MOD's objective to bring three ships into service by 2032. However, the Company expects to generate approximately GBP25 million in revenues from pre-fabrication works in 2023, and a similar sum in 2024. The Programme's gross margins are expected to maintain the Group's previously advised overall blended gross margins.

The Belfast and Appledore facilities will benefit from a GBP77 million capital investment programme ("Recapitalisation Plan") during the next 24 months., In Belfast, an extension to the fabrication halls will be undertaken to facilitate a highly dynamic material and sub-structure production flow along with a highly efficient manufacturing and production process. Investments will be made in technologically advanced robotic and autonomous equipment that includes material movement, marking, plate cutting, panel lines and robotic welding. In addition, new larger paint buildings will be constructed to facilitate larger and more efficient block painting. The investments in this site will ensure that the Company has one of the most technologically advanced marine fabrication facilities in the United Kingdom with the latest state-of-the-art machinery and production flows. Appledore will benefit from upgrades to the shipyard roof along with investments in additional automated machinery that includes the relocation of the existing micro panel line from Belfast."

[mecheng1] 22/4/2024 14:11

In Belfast today. Had a walk up past HW. They had Samson out lowering a large new sub-assembly onto that Canadian boat they are retrofitting. Spectacular sight. The place seems to be buzzing. If they keep delivering on their work schedules, it could be very positive.

[loglorry1] 22/4/2024 14:03

More on the £77m here hxxps://www.harland-wolff.com/news/work-begins-to-upgrade-harland-wolffs-historic-belfast-shipyard/. It's not clear who it is coming from and the contract looks like its been awarded to a third party private company "Cleary Contracting, a local building company established in 1983".

How that relates to HARLs balance sheet is a mystery to me but I'm pretty sure you wont' be able to strike off £77m of net liabilities.