The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
In the longest term that is not doubt true Neutronic, but the fact is that in the here and now Harl has in short order gone from being not a company at all, to being the first words on the PMs lips in the most crucial political issue of the day. It is proposition and a BOD his government has just backed with £1,600,000,000 of tax payers money, and positioned at the heart of its strategy to preserve the Union and find a way through Brexit doldrums. There is no way they can afford for it it fail in the crucial next two years of growth - expect offshore renewable contracts incoming - although it is still valued as a high risk in that period. Sooner or later the £27m Mcap will have to reflect the fact that this is a massive growth business with state-backed license to disrupt BAe and Bab**** (both of which have seen 30% SP rises in the past six months). Debt arrangements will be a game changer, as well as Islandmagee. But in the meantime there seems just no point in valuing it as other AIM companies might be valued. It's crazytown at these prices imho.
Good to see Sunak thinking first of H&W. He just had this to say: "If we get this right, if we get this framework implemented, if we get the executive back up and running here, Northern Ireland is in the unbelievably special position – unique position in the entire world, European continent – in having privileged access, not just to the UK home market, which is enormous, the fifth biggest in the world, but also the European Union single market. Nobody else has that. No one. Only you guys. Only here. And that is the prize. I can tell you, when I go around the world and talk to businesses, they know. They’re like, ‘That’s interesting, if you guys get this sorted, then we want to invest in Northern Ireland.’ Because nowhere else does that that exist. That’s like the world’s most exciting economic zone.
I see Sunak is in Belfast, later "meeting workers" are we expecting another trip to the docks?
I think the fact that the reservoirs can be repurposed for hydrogen will be the clincher - a tie-in with the offshore wind plans and a focus on efficiency and storage is a powerful argument with Net Zero looming large. HARL obviously in the sweet spot for both ends of that.
selling pressure seems to have eased, no big chunks, without that should he'd back up to low 20s quite quickly imho
Just saw Cristian Ronaldo in Belfast Costa meeting with H&w FC…
Hard to see news of drill having much impact on sp - it has to happen
or not
I think it's probably an attempt to time PR with the end of the killik selling, not a bad strategy. Expect more to come, including one or two contracts ideally. 15p remains a sensational entry point by any measure.
Scinv can you write in English as well?
the old ones are the best beechknot
BP clearly Navantia want to use H&W to break the monopoly on (expanding) UK defence spending held by BAe and Bab**** - in addition to creating a JV that can compete for offshore wind/energy contracts. That can clearly also be a massively mutually beneficial arrangement for H&W. You clearly have multiple axes to grind here, but you choose your reference points very selectively. It is in the MoD’s interest to break that monopoly also. Debt facilities are a function of all growth companies - how else do you imagine they grow except by leveraging capital?. Can only be a positive imho in HARL’s case, given the guaranteed income and order book. I assume you have had some bad history with Belfast shipbuilding hence the obsession and martyrish handle; other investments are available
annoying maybe, but chair doesn't have much to do with the day to day in reality - key player at the moment is COO, who seems like a no bull, safe pair of hands
given the derisked future stability of the company enabled by the FSS contract, surely JW will be thinking about a main market listing, perhaps once the debt facility is secure. This volatility does no one any favours except the day traders, I would have thought, at this price and this mcap a number of ii's will be looking at taking a stake. it may go a bit lower, but for the even slightly patient it will certainly go a lot higher. March and May not very far away in the scheme of things, dyor
I assume the emphasis on hydrogen storage conversion is designed to access that funding - net zero looming and green solutions always an easier sell
27m mcap vs approx £100m revenue & £850+m order book is a disparity you don’t see every day, especially on Aim, is there an equation that covers it?
Thanks
Doors anyone know figures for projected revenue/development cost in the event of a positive JR? Can’t seem to find the numbers
surely sounds like a competition made for BMT and Harl?
interesting that a takeover clause and timeframe was mentioned in the LTIP RNS. And a £380,000 buy? Perhaps something cooking in the background. gla