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Thanks Stokey, yes I too imagine there's much measuring involved, but the bottom of the ships aren't precisely flat. I wonder if like cars having a jack point behind the wheel arch, they have standard places where the blocks need to go.
Anyways, any more info on this topic would be welcome. Certainly beats just waiting for a broker's note or SP to rise from the doldrums.
Cheers Stokie
Apologies for calling you geeks, but looking at the linkedin docking pictures, how do they line up the ship so well with the resting blocks? They put the blocks in, then flood the dock, bring the ship in, then release the water, all in the hope they have lined it all up well. Or is there more science to it than that? Is there much risk of the ships missing them and being off balance?
Always wondered, thanks in advance anyone. Gla :)
https://m.belfasttelegraph.co.uk/business/northern-ireland/harland-and-wolff-boss-confident-company-could-have-5000-workers-by-2035/1379367464.html
I can't Access it, so unsure if others can but someone kindly shared details on the telegram group. Reads really well from JW. Key takeaway. Sees no reason why the Belfast yard can't be at full capacity by 2035which would mean 5000 employees!
FSS is a spring board to similar project's for mod and foreign contracts.
Ultimately we are moving to automation which puts margins higher, prices lower and means we smash the duopoly of Bab and bae time and again (my words not his haha).
Gla and here's to us all smiling by the end of Q2 :p
You also have to factor in the efficiency of what is now going to be shipbuilding 5.0 technology and automation transfer. Navantia are way ahead of Bab and bae in this regard and we are getting the equipment and training to be their peer.
Definitely don't look to bae and Bab for profit margin comparison. I think we could be very pleasantly surprised!
Would be good to know what navantias profit margins are on similar builds as that would be the best indicator imo.
Gla and here's to an exciting week!
Thanks for this Stokey. Puts it out there plain and simply. On top of other works it should be plain sailing! Although increased overheads might eat into any break even target.
Looking really good as long as we can make a success of those revenue projects.
Scillonian 4 should at that too ;) gla
I can very much imagine the technology transfer and automation will make us much cheaper than Bab and bae going forward. This is hugely significant for any other mod work we choose to go after against them. Did someone want to break the duopoly? I think we are well on the way to smashing it if it all goes to plan!
Gla
Hi Cricket, I feel your pain. It's very disheartening to see yet another rise in SP get slowly eroded over time. We have a mammoth contract about to be signed and not even that is keeping the SP at a stable level. In my view it's just the market (aim) we unfortunately find ourselves in. It will take institutions and or a move to the FTSE to stop this cycle I think. Too many investors move on to the next big thing without sticking around for what will be huge long term gains with Harl. Rainbow chasers I believe they're called.
I disagree that more Comms is needed. We had an update on 28th December confirming the company is working it's butt off to get the deal signed. Coupled with the admirals comment of hopefully before the end of year, we are in a strong position for signing soon.
I'm getting very impatient but that's what's needed unfortunately. The reason for the SP decline in my view is because some PI's / traders have very little of it.
Keep well and gla :)
Happy New year all. THL1, front and mid sections built by Harl, the rear to be built by navantia and all sections assembled in Belfast.
It's excellent to be tipped by Midas and certainly rebuilds some confidence following the recent rns. At least, if to be believed, the revs have simply shifted to 2023! In my head this brings 2023 even closer to break even??
What the Midas article should do is bring some new PI's to this board, so let's play nice and accommodate basic questions some may have that we lth's and newly researched newcomers can answer for them :)
Gla and here's to a good year! :)
On several occasions I've looked at bae and Bab**** for RNS announcements, their frequency and what for. I could only conclude that there is skant little information apart from the regulatory mandatory kind. Imo the reason for this is their current and long term position of being very established defence suppliers. Big big contracts are run of the mill for them therefore most things are confined to the quarterly,half yearly or annual reports. I've often imagined what it would be like to be at a level that Harl see's contracts worth 100s of mill as not rns worthy. Because that's what we have with bae, and probably Bab**** too. Second point is we are on aim. We are in a market that craves and expects the full details. FTSE investors don't care for and are not given the finer details in an RNS. Confident their investment is safe, they're happy to just be shown the money in the annual report. Due to aim, and our small mcap, and the financially significant results of this contract, I'm sure the board will give as much detail as possible (save any NDA). Finally, my belief is the fss puts us up there with bae and Bab so I hope at some point contracts like this are merely mentioned in a half yearly report because as pi's we'd be well rich by then :)
Gla and sorry for butting in with my thoughts :p
I've been saying the above for some time based on the FSS and the JR going in our favour. It was all going to plan until the stupid Northern Ireland factor kicked in once again. No political assembly, no judiciary, it's just a pile of s***. The people of N.I deserve much better.
But not to worry folks, all of the rise recently is due to FSS and huge rises from here are still to come once fss is signed imminently imho.
By the end of Q2 we'll all be smiling even more ;)
SP likely to take a hit 2mo but will soon be up again no doubt about it.
Gla
Morning Stokey, in short it's difficult to put a value on the p/e. I can't find any other listed companies that solely operate a gas storage facility, with most having diverse portfolios including exploration and extraction of resources. I am anticipating a broker's note from cenkos once the fss is signed, and another once the JR is complete. Hopefully that will assist you much better than I can!
Thanks for your continued contributions to the board and others sharing decent views. It's difficult keeping track of the decent posts at the moment so I've switched off somewhat. However, it's a minor irritation as I'd much rather be invested in the now popular Harl than staring at an SP of 5p :)
I'm still very confident we will all do extremely well in Q1 and beyond. Good luck all and keep well!
Stokey I know it's hard to not get riled but it's plainly obvious these folk are trying to just gode you. There's no point trying to justify or defend yourself, they don't care. Ignore the haters and continue bringing much value to the chat board. Hope all is well and good with you
The law of averages (and massive fabrication capacity) means it's just a matter of time I think devilbis. I'm happy now and just looking forward to watching the newsflow roll in. FSS, ML and big wirly things make for an exciting q4 and 2023. I believe by the end of Q1 we'll all be smiling very much.
Si, ah yes remember that flurry of rns's...I am now wondering if they'll be buying again. Arun is the one that matters for me tho
Legend thanks Si :)
Here's to another good week from tomorrow. All the talk of fss and I can't help think that other contract news could land any time such is the pipeline we now have. It's a pleasant situation to be in at long last. Gla
Agreed Nobby. Arun definitely needs to commit to buying a large number. I wonder sometimes about his financial acumen given the lower price he could have chosen to buy at on the day JW started buying.
On a separate note, can someone explain how to block certain posters? Do I click on their name etc...? I've tried to but it's defeated me. Or is such a gift only available on premium accounts?
Thanks in advance and gla