RE: Shorts closing, HARL vastly undervalued = Perfect time to buy.26 Jun 2023 02:06
Yes Hebridian , right now the bottom line doesn't look pretty.
That is to be expected with what the company have achieved thus far.
It actually has the potential to be a fantastic UK success story.
To bring four yards from the brink of extinction and within three years to be dining at the same table as the' big boys' and beating them to win the 1.6 billion FSS contract is a remarkable feat. Throw covid in the mix , which decimated dry docking bookings , ship repairs and availabity to source required components and their success to date is even more remarkable. I'm invested because I believe this company can achieve further big contracts and their yards are ideally placed to benefit hugely from the incoming renewables boom. A primary reason Navantia wasted no time in signing a MOU with Harl, to benefit also.
The debt won't be an issue within a few years and proof of a strong forward book and a few further big contracts will work wonders for sentiment , a hugely important factor when investing on aim.
I agree JW should not quote dates without absolute certainty that they are achievable. In this instance his dependency on a third party is the root issue. We know the guarentee scheme approval gives him some flexibility on negotiating more preferable rates. I have no doubt that they are inundated with requests and being a new dept they are finding their feet. Who knows , not you or I , they could be saying processing complete imminently and then failing to deliver. Jw is hardly going to announce that to the market.
Don't know why you bother, if I could swan about on my yacht I most certainly would be doing that and not posting on here to Dog.