The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I've added again. Hopefully Redwood will too.
Another TR1.. Schroders Plc mopping these. When buys more than sells... What does that mean? Onwards and upwards! IMO DYOR.
Lol Mary. Not asking much are u. I would take 500p. 10 bagger there.
🔥 🔥 On fire now..
hard to believe this was
2600p in 2015
2000p+ in 2017.
600p in 2018
500p in 2020
350p in 2022
200p in 2023
122p in March 2024
Now.. 50p+... hopefully a recovery and ride back up to the hey days. IMO,DYOR.
Added again. IIs expecting a recovery here with recent adding from RedWood Capital and yesterday Schroders and today Norges.
Freefloat and supply getting absorbed with more demand. IMO, DYOR.
Schroders topped up. Added confidence, I think after all the bad news out are we finally seeing a turnaround. Investors looking ahead of the CMC complaints processing costs as a short-term cost, as FCA ruling will see the costs of processing passed back to CMC for invalid claims. GLA, first stop 100p. IMO, DYOR.
Ship Maintenance and repair firm from Korea, Hyundai Marine raises usd$544 million for 20%, market cap values the company at $3billion+
... whereas Harland and Wolf market cap at £20mil... doesn't make any sense. Surely a correction needed here 😂
This is Korea's biggest IPO in 2 years.
https://asia.nikkei.com/Business/Markets/IPO/South-Korea-s-Hyundai-Marine-Solution-rises-43.8-in-market-debut
Anyone has full access to this article?
https://www.law360.com/financial-services-uk/articles/1823267/vanquis-bank-seeks-4-5m-for-law-firm-s-complaints-deluge
Opps sorry wrong board 😂
Anyone has full access to this article?
https://www.law360.com/financial-services-uk/articles/1823267/vanquis-bank-seeks-4-5m-for-law-firm-s-complaints-deluge
Any particular reason for this sudden spike? Or is it another false alarm.. hope not. GLA>
Lets hope so Xenor... asap would be nice. As JW says, there are other options if UKEF £200m doesn't go ahead, I remember he mentioned in his interview that they could have negotiated a finance deal with others along time ago. BUT... at what cost... more likely to be expensive. So hope it goes forward. Sorry, I think i am overwhelming this board with my none sense. No more for today. Gday. GLA.
Twib talks about 18p,25,30p but actually 75% of CEO and CFO's share options are only granted if the share price reaches a minimum of 37.50p - 100p! 3-10x from here sounds good. Besides they need to achieve this before end of 2025 or else it expires. 😂
What I like about most is the LTIP programme, fully aligned with shareholders. JW CEO and Arun CFO are essentially granted options that total 10% of the company's share capital. 35% of those options are granted the following share prices reach the following:
2023: Share price must average at least 37.50p.
2024: Share price must average at least 46.88p.
2025: Share price must average at least 58.60p.
Another 35% is awarded if:
Half are awarded if the share price averages at least 60p for 60 days.
The remaining half if the share price averages at least 100p for 60 days, both achievable any time up to the end of 2025.
https://www.lse.co.uk/rns/HARL/long-term-incentive-plan-ltip-mn8y456rssgtggx.html
These targets are very much aligned to what we shareholders want... so I believe the structure and incentives are there for JW and Arun to do what they can to achieve share price of 37.5p-100p. If achieve 100p, they essentially awarded 10% of the company.. sounds alright to me.
@Wyn - nice TA and insights. where the price could decrease to your estimates of 11.75p, representing a potential loss of 1.25p. But for a potential reward of re-rating to for instance 17.75p. The Risk-to-Reward Ratio: 1.25 / 4.75 ≈ 0.263x. If my calculations are correct, would that be a reasonable assumption u think?
Seems a good enough bet. But of course i am optimistic about surpassing the initial target of 17.75p in the long term. IMO DYOR
Yes I've topped up today although from technical analysis perspective, the RSI is still showing signs of overbought. RSI around 70... so one could argue that it is very risky to top up now but I think at 22mil market cap, the down side is limited unless it goes bust. However, I think quite a lot of news in the pipeline so this could drive higher and also risk not to be holding when refinancing news can be imminent as Xenor mentions. IMO,DYOR.
Xenor - ideally deal to be imminent. In reality, such a massive deal involving the government is going to take time especially controversy around 100% guarantee considered as a "bailout" government too politcal and move too slowly.. interesting read about this topic: https://www.thetimes.co.uk/article/ministers-accused-backdoor-bailout-harland-wolff-8xtfmfdb8
ChatGPT's take on the timeline:
Given the stages outlined (ministerial approval, independent assessment, firming up bank syndicates, and final approvals), and comparing to similar cases in corporate financing under government guarantee schemes, a likely timeline could span from 6 to 12 months. If starting in January 2024 with the independent assessment, a reasonable guess might be that the loan could be finalized around mid to late 2024, possibly around June to September 2024. This is speculative and assumes that there are no unforeseen delays or complications.
The entire SOWEC budget is GBP 500 million of which includes 45 projects that applied to the SIM. 10 priority projects identified. Other category is progress projects and there are 19 which includes Harland and Wolff.
£500m budget from SOWEC is for all the 45 projects, of which Harland is only considered as a progress project (Not priority projects ) so I am not sure if the entire £300 million will be coming from SOWEC since that's most of the budget. I guess JW proposed this idea to SOWEC whether they accept or allocate how much of the budget is yet to be confirmed and quite early I believe. Still early stages and lacking a lot of details but good step in the right direction. IMO, DYOR
500m budget- https://www.offshorewind.biz/2024/01/25/offshore-wind-projects-worth-gbp-500-million-move-forward-in-scotland/
45 projects - https://www.offshorewind.biz/2024/04/02/sowec-expands-priority-list-adds-seven-projects-to-sim-funding-round/
Interest rate paid to Riverstone is SOFR 5.3% + 9% = 14.3% + the extra 1% extension = around 15.3%... which is too expensive over the long-term. A refinance package backed by UKEF I estimate would probably reduce the rate to around 7-8% which would be massive saving. Anything lower than that would be a bonus.
Topped up again. Falkland deal hoping to go through soon hopefully. That would be significant boost to the pipeline. Finance deal will take a bit of time, I expect in h2 before September, that's when they would need to pay Riverstone another 1% to extend for another 6 months (0.5%, 1%,1% per 6 months of extension) before the deadline March 2025. Therefore a race to get the deal done at least by then. They will have to start exploring other options if not done by end of year.