Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Would seem to be this vessel, just the job: https://www.shipspotting.com/photos/3626382?page=1&navList=moreOfThisShip&perPage=8&imo=9840013&lid=3481210
Not particularly derogatory I wouldn't say Broomy, I'm just genuinely intrigued by the motivation in that it seems oddly personal, would be interested to hear the explanation - is there something about JW (who seems to me energetic and ambitious and can-do, while, like most CEOs, a bit prone to over-promising) that we are missing?
Consuela , I'm fascinated by your pathological attitude to JW, what's the basis of it? Is he your ex? Comes across as a bit unhinged tbh
Consuela, quick question, why are you so desperate for Harl to fail? I assume you would rather jobs and skills and the economic growth that flows from them went elsewhere rather than NI? Vietnam maybe? South Korea?
More like Jones is intent for whatever reason on trying to cause a crash, bizarre behaviour, dating back to award of FSS, he seems desperate to preserve the old BAE BAB duopoly, and stop new job creation and competition at all costs
Shame Harl are not making tin-foil hats - they’d clean up on this board
H9, I agree time has ticked on, company has made some significant strides in that period, and as we all know fortune favours the patient (the bitter, less so)
Good Friday approaching - the ideal time for positive news of NI investment as Stormont government re-established. Anyone know of a Belfast company with a £900m order book and an £18m mcap about to secure its financial future with a £200m govt backed loan and a critical role to play in job creation and the road to net zero? Asking for a friend
Agree Xenor, I believe next week will be a big week for H&W, (just in time for ISA deadline) - its been bumping along here at these prices for too long imho
You've got to smile at the idea that you can create a major ship-building company from scratch without taking on significant debt - or indeed at the notion that if life and business don't go exactly to plan that is evidence of failure. Save the real belly laughs, though, for folk who clearly couldn't run a whelk stall to suggest that going from £0 revenue to a £1billion order book and a staff of 1200 in four or five years represents a catalogue of broken promises.
Very amused by the idea that all forecasts be taken as statements of fact. By any measure Harl has been a positive growth story in the past four years in a time of extraordinary political and economic turbulence. Is there any business forecast anywhere from pre pandemic, pre-Ukraine 2020 that has been fulfilled? I’d very much doubt it. Growing a business in my experience is always about getting knocked down and getting up again, on that metric, JW scores pretty well imho
They do count in the longer term Si - both as evidence of imminent finance deal - these companies will have done all due diligence for long term contracts - and I. Terms of meeting revenue targets. The Falkland contract would make 2024 200m target pretty much nailed on. Buy the dips imho
Tom McHebridean, why so bitter?
That RNSs here come in threes, any guesses as to what tomorrow's may bring? When are we due IM verdict?
"the old political begging bowl", Hebridean, is that the same fairly handy one that furnished this £17mcap company with a £700m defence contract?
I think a buyout fairly likely at some point this year, prior to FSS - given the mcap and sp it would be hard for the board to resist an offer of say £150m+, which in the scheme of things, with defence budgets rising, and offshore prospects growing - not to mention IM - might make a good deal of sense for a bigger player
Quite impressed that the board are not trying to respond to drift in share price with inconsequential or panicky RNSs, to me the silence is evidence of confidence that substantial news about funding and contracts is imminent, comically low mcap for a company with a £850m order book and cast iron govt bona fides for loan negotiations, but hey do your own research
And on Twitter: https://twitter.com/HarlandWolffplc/status/1756971592867840342
Interesting that Sunak mentioned two headline companies, Thales, which has a MCAP of £30bn, and H&W, £20m. Despite all the current negative noise you have to say it remains a very weird valuation, given the prospects and continual political focus and backing; might we imagine that another govt contract or two might have been part of Stormont negotiation, seems hard to believe that they wouldn't have been somehow