Harland & Wolff Share Discussion Threads

[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.


HTTPS://sputniknews.com/20211116/europe-faces-blackouts-in-winter-as-gas-shortages-persist-trafigura-ceo-says-1090782389.html

[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

Appledore Contract Win.




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

[dafrog] 10/11/2021 06:39

hTtps://www.mtdmfg.com/news/harland-wolffs-appledore-shipyard-secures-major-rnli-contract/?fbclid=IwAR2Q_5Bw0id7l25cfIQOyJ91mbjeXMFEVBckBWCC7iJigfwhrr3kQahUpDk

[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..
HTTPS://www.irishexaminer.com/business/economy/arid-40739919.html

[oliversanvil] 08/11/2021 17:38

More machos wonga in servicing all flotilla!

[ijamlon] 08/11/2021 13:59

My hunch is that a revolving credit facility may be possible for a bit of working capital but not ultimately sufficient. A loss-making shipbuilder is not going to get a lot of attractive credit, and that credit will soon run dry. If they want to develop the ML or build a ship, they'll probably need far more capital. I hope I'm wrong.

[jailbird] 08/11/2021 10:32

For what reason do you see that?

I thought it may for working capital but debt discussions have allayed that for me

Going into the second half of the current financial year and into the next year, we expect to have greater visibility and certainty of monthly cash flows. The company currently has no long-term debt in place, and with greater regularity of cash flows, we recognise the Company is more attractive to the corporate debt market. We are in discussions to structure a group revolving credit facility that we will be able to draw-down on as and when required, especially to fulfil the working capital requirements of larger contracts. It is the Board's view that the Company will benefit from having the ability to draw-down debt on an ongoing basis as the Company scales and wins larger contracts.

[ijamlon] 08/11/2021 10:05

On the contrary, I was saying that the ML has some value - as evidenced by today's news. I'm saying the value of rest of the business is ultimately negative. Nothing has changed my mind on that. If you want to have a friendly bet about whether there'll be another equity placing in the next 12 months, count me in.

[jailbird] 08/11/2021 08:43

Ijamlon,

On today's news i think you have got that wrong.

Plus the results looked good with debt to used for liquidity for working capital requirements. So my concern about another dilution raising is not longer a concern.

Profitable results next year forecasted

[bibs] 08/11/2021 07:55

Wow, excellent news!

[wapper] 08/11/2021 07:18

Excellent indeed . Blue day today

[tomtum1] 08/11/2021 07:11

So turnover 10 million and loss of 12 million? Placing on the way

[waterloo01] 08/11/2021 07:05

Excellent x 2

[tomtum1] 07/11/2021 00:00

Well generally speaking a ship building company should have orders.

[htrocka2] 06/11/2021 21:53

'Any actual shipbuilding orders yet? Didn’t think so.'

Who needs ship building?...My concern is that they'll not be able to handle the volume of work in front of them.

[ijamlon] 05/11/2021 06:28

Haven't been here for a while since I bailed out, was interested to see reaction to latest results. Personally surprised to see the share price holding up rather than at a new low. My take is as it always was, the value of this company is whatever a major might possibly pay for the Marine License. The rest of the business, as reinforced by results, will never make money (for shareholders), and has a negative equity value. Revenues are not profits. Shareholder, many of whom are ship and engineering enthusiasts, will get taken for granted and asked to pour money into the gap, and managers have a big first lien. As an aside, Wood's statement opening about being able to meet clients face to face was almost exactly the same excuse used by Keir Starmer for his leadership and polling failure. My guess is that facetime isn't going to be the magic bullet.