RE: Weekend5 Feb 2023 12:51
Stokey, I'm watching from side lines, from 40 m market cap from a week ago to 29m... makes it appealing. Killik doesn't have much to dispose compared to 2 weeks ago.. fss contract signed de risk alot of the risk. Revenues to be booked in q1 2023, renewables contract could be forthcoming after judicial review. Government on recent report shows underspending in MOD, budget could increase with what's happening with China n Russia. Operating in 5 segments, each contract signed adds guaranteed revenue so the effects of recession has no major impact. Once funding comes through, lenders will have done due diligence on its potential to repay back based on growth n future projections...gas storage facilities is another area which government are looking at... if I recall, ukog had a convo with a minister about gas storage, so clearly demand is there, centrica opened its gas storage facility few months ago. So there's enough there imho all for market cap of 29m. Compared to its peers with market cap in billions. Even if this hits 100 million market cap. It would still be a fraction of its peers. Final point, harl has capacity in its shipyard compared to bae n bab****. So potential to take on more imho