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Looks like it is the turn of others to attempt to shore up the tumbling share price.
These piffling amounts are a drop in the ocean, compared to what these blokes are paying themselves.
Any chance of that in English?
JW said on 26th January 2021:
“We expect (this year) to be busy with cruise ships. Everyone has been out of service for the past nine months. We see the classification dockings ramping up as the ships come back into service,” Wood continued, saying he expects demand to increase in the first and second quarters as the industry stages a staggered return to service.
“We’ve seen a real shift in the past six weeks. We’ve gone from cruise lines saying ‘Yeah we’ll look at March or April’ to ‘We’d like to dock between these dates and here are our specifications.’”
Kaeren,
I suggest you read the link again; they were JW's words, not mine.
Then again...
By the by, how much money did the venture into Miami waste? I guess the golfing handicaps are down to where they wanted them to be now.
Does anyone know whether the much-vaunted HARL Miami "office" is still open?
Also, can anyone with a better memory than me recall how much meaningful cruise work Belfast has seen since this bullish news-piece from early 2021?
https://cruiseindustrynews.com/cruise-news/2021/01/harland-wolff-new-cruise-refurb-player/
Someone obviously wants to work on their golf handicap over winter.
Is English no longer the default language of this board?
My holding remains unchanged (and unimagined...).
Guffy's on the sauce again.
His handlers really need to tighten his lead.
Gosh, it's like the Bermuda Triangle here this morning...
Someone can't handle the truth, clearly.
Who's Peter Wood?
Do the Cory barges have any means of propulsion?
If not, they are not ships.
The smart money knows that there will never be profit in shipbuilding in the UK. The smart money invested here for the Islandmagee project. Given his usual stance is extremely bullish (add a "t" and you have an anagram!), JW's recent comment that he was "reasonably confident" about a positive outcome at the judicial review is hardly cause for optimism, in fact quite the reverse. Immediately after, we have the smart money exiting stage-left.
The FSS contract is between the MoD and Navantia. HARL is merely a sub-contractor. Of course, assurances will have been made about the number of jobs secured for the UK, but politicians are stupid and easily hoodwinked, especially when it comes to such a hot potato as Northern Ireland - anyone remember DeLorean? A number of MPs are expressing concern at the true number of UK jobs that will be assured by the FSS contract, almost as if they expect HARL to fail. Given that Navantia is owned by the Spanish government, do you think that they would prefer those jobs to be a) in the UK or b) in Spain, especially given the post-Brexit cold shoulder? HARL goes bust, contract with Navantia has progressed, vessels get built in Spain - ay caramba! Speaking of jobs, at the announcement of preferred bidder status in November, HARL spoke of 2000 apprenticeships and graduate positions. This number mysteriously dropped to 1000 in January, how many will be the reality?
I have always maintained, and continue to maintain, that HARL will never build a ship; or rather, the entity in which we (most of us) currently hold an interest will never build a ship. The era of cheap money and cheap debt is over; HARL's current debt profile is crushing and there is still no news of an improved facility. If a company's profits cannot keep ahead of its debt payments, it will die. No ifs, no buts, it dies.
Garonne,
The cranes are worth their scrap value, less the cost of dismantling them. I would put that at zero, maybe lower.
After that post, perhaps you should change your moniker to ForrestGuff?!
"Reasonably confident" about Islandmagee - that I do not like.
Foreign workers a last resort? Like the poor (mostly Portuguese) guys who weren't getting paid on the Saipem contract, you mean, John?
Er, perhaps they don't have any other contract wins to report?
Just a thought...
Appledore shares? Warrants? Debt levels?
DogFarter,
In vino veritas (aka FFD, TimmyWinkle and Dog knows whoever else).
Why do most posters here consider themselves smarter than the market?
This stock is appropriately priced, given the myriad risks confronting the company.