£900 Million Promised, £650 Million Delivered1 Feb 2023 09:47
I have to add one negative, to my otherwise positive narrative. JW said about a week ago that he expected HARL to gain 60% of the contract. We'll, the RNS says:
"Under the terms of the Subcontract, the Company will be responsible for delivering works which are expected to generate revenues of between £700 million and £800 million to the Company by the time the final vessel is delivered."
Add in inflation, etc, and we are looking at circa £650 Million in today's money. Nothing to be sniffed at for a £30 Million, revenue generating, company, but we have technically "lost" £150 Million in the space of a week.
That said, try to ignore the tree shake. Might I suggest we all stop checking the share price until next Wednesday morning!
GLA