Harland & Wolff Share Discussion Threads

[mr.oz] 22/11/2021 18:49

It looks like they need approx £4.9m to keep this afloat and manage the business in the manner they want or the medium term

And a little bit to develop the infrastructure

Use of Proceeds

The net proceeds from the Placing, expected to be a minimum of approximately £5.6 million, will be used as follows:

· A minimum of £1.4 million for the recruitment of additional technical expertise across the Group, which would be required in order to deliver the expected existing and new contract wins detailed above, and other higher value contracts in the Company's pipeline...The Directors believe that the addition of these personnel will increase the Group's ability to secure and execute contracts;

· A minimum of £1.4 million to provide necessary performance bonds for expected near term contracts;

· A minimum of £0.7 for further capital expenditure across the Group; and

· A minimum of £2.1 million for ongoing working capital.

[skinny] 22/11/2021 18:47

I bought somewhere North of here as INFA and would have added - somewhat annoyed!

[skinny] 22/11/2021 18:36

waterloo01 - me too and of no use as I want to buy in my SIPP.

Sadly - it looks like the future. 🙄

[drob1] 22/11/2021 18:30

Mite take a nearly 30% discounted stake on primary bid. Unlucky holders haha let's see how red it goes tomorrow before deciding

[chc15] 22/11/2021 18:27

I feel sorry for existing holders when a primary bid comes up, what a plummet tomorrow!

[ali47fish] 22/11/2021 18:10

plus you can can only buy in a nominee account

[waterloo01] 22/11/2021 18:02

Stopped using primary when they went app only

[skinny] 22/11/2021 17:59

And its PrimaryBid!!!

[waterloo01] 22/11/2021 17:50

Ouch. Near a 30% discount back to where it was mid Oct.

[htrocka2] 18/11/2021 09:48

No need to worry about gas prices..(because there'll be no gas to worry about)

[jailbird] 17/11/2021 17:20

Breakout of 200MA.

[turbocharge] 17/11/2021 14:34

Give the poor specimen time to stew in his own juices, and surely but slowly, 101 will soon self-destruct:)

[skinny] 17/11/2021 12:34

Ticking up nicely on the quiet.

[bronislav] 16/11/2021 19:38

Htrocka...trafigura.🤔

[htrocka2] 16/11/2021 19:03

ML related item.

[htrocka2] 13/11/2021 09:33

'A journey of a thousand miles begins with a single step'

(a 'red thumb' for a famous two thousand year old Chinese Proverb....sums up the mentality of the person)

[skinny] 11/11/2021 07:07

.




First Fabrication Contract Win For Harland & Wolff's Appledore Shipyard

Harland & Wolff Group Holdings plc (AIM: HARL), the shipyard and energy infrastructure group with over 160 years of maritime and offshore engineering pedigree, is delighted to announce that its subsidiary, Harland & Wolff (Appledore) Limited ("Appledore") has been awarded a contract worth in excess of GBP2 million by Herbosch-Kiere Marine Contractors Ltd for the fabrication of a steel pontoon.

The steel pontoon will measure around 53 metres by 14 metres and weigh 450 tonnes and is set to replace the existing Royal National Lifeboat Institution ("RNLI") Tower Lifeboat Station based under Waterloo Bridge on the north bank of the Thames. The contract works will involve the manufacture of the foundation, stairways and handrails for the RNLI lifeboat station. Work is expected to span circa eight months and to be completed in June 2022.

The award of this contract is the first to be won by the Appledore yard since it was acquired by the Company and the Board considers it to be a major achievement, enabling the ramping up of Harland & Wolff's Appledore yard and its workforce. This contract will position the Company strongly to win further and larger fabrication and shipbuilding contracts.

John Wood, Group CEO of Harland & Wolff comments:

"This major fabrication contract is a significant and exciting milestone for Harland & Wolff Appledore. Since we acquired the yard, we have had great confidence in the potential of this business, and we are starting to see the strategy that we set out come together.

"We have already started to ramp up our workforce and prepare our yard for the project. This pontoon will give us the opportunity to demonstrate the excellent fabrication and shipbuilding skills within our Appledore workforce and will give our apprentices at Appledore a fantastic project to work on at the start of their careers with us."

This announcement contains inside information.

[si derman] 10/11/2021 19:35

That only took you two minutes to dig that one up T101. lol

[htrocka2] 08/11/2021 20:24

ref Tomtum


'Well generally speaking a ship building company should have orders.'


I'm curious....with these continuous ship maintainace contracts on the go and the dry dock occupied three parts of the year....where will they get the space to build ships without losing this 'bread and butter' work.


One for the Protestors..