Member Info for Citizenlane

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

Https://afloat.ie/resources/irish-ports/shipyards/item/62061-national-apprenticeship-week-sees-shipbuilder-harland-wolff-sponsor-maritime-uk-roundtable

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

Re:” I live among those people”: it’s a crying shame in that sense Broomtree that the IOSSG did not commission the work from Appledore rather than Vietnam etc, and invest in local skills and people, and this stand off might have been avoided. Would E interesting to see how those rival bids stacked up - but I imagine the saving was fairly minimal, and the PR would have been huge. V short sighted imho - all power to JW for calling them out

Yes for those who missed it the full linked thread seems pretty conclusive that several months of work will all take place at H&W and go on concurrently with Sea Rose:

Harvey Wickham

When will she transit into dry dock?

Theodoros Marinakis

STAFF CAPTAIN

Around mid of March!

Jim Downie

will that be in Belfast? Thinking the Sea Rose will be in by then…. Is the other dock big enough?

Theodoros Marinakis

yes will be here in Belfast! Yes we fit in the dry dock!!!

Jim Downie

thank you

Harvey Wickham

wow! Long time. What will ship be doing there until then?

Theodoros Marinakis

STAFF CAPTAIN

wet dock and works

Colin Arbuthnot

Aircraft production and maintenance technician (Freelance)

The Sea Rose is going into the dry dock at the East yard .

Also note the claim on that crowfunding page that it will take 12 years for the caverns to be operational. I've heard that figure also from Consuela from memory, yet all evidence of comparable projects (eg https://www.storag-etzel.de/en/info-service/faq) suggests a 3-5 year timeframe. Can anyone offer any evidence that it will take so much longer?

Cobblers

Https://www.chathamfinancial.com/technology/european-forward-curves

£1 party - or possibly - 75p party on the inaugural Scilly Ferry in May?

My guess is that the govt would like this - and further photo ops with Samson and Delilah (and maybe Sea Rose) to coincide with the resumption of Parliament which I think will happen in January, prior to a May election, so decent poker hand from JW even if close to the wire

Ie if this bid unlocks the levelling up funding, then a good portion of it goes to Harl for the build itself - obv not the case for SSC