Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
I have that presentation from December 2018. So much has changed since then - for H&W and for the world. It was very clear in the slides that the strategy was to sell IM and retain an equity stake.
.. and cash Flow is reality.
Https://eu.eventscloud.com/file_uploads/b221c83b6b7afb9bef98d71bbb231fc8_DBTSeaAsiaBrochure.pdf
I thought it was a good interview. Still do not understand the significant disconnect between the outlook and the market cap.
Kaeren - according to LinkedIn he is still in that role. Agree that he has been absent from LinkedIn for some time. He used to be quite active on LinkedIn until about a year ago. Have not heard that he left.
Do you think the 77m is just going to magically appear from thin air?
Found these quite interesting and revealing about how the industry works / doesn't work. Any semi-decent shipbuilder would seem to have a good chance in this environment. Thanks Navantia for the help. It has been a long time since H&W built a ship.
https://www.bbc.com/news/uk-scotland-64609542
https://www.heraldscotland.com/news/homenews/23315585.ferguson-marine-ferry-fiasco-firm-costs-taxpayer-nearly-500m-far/
I decided to test chatGPT AI. I do not know who H&W lease from - Help! Generic answer for some Friday fun!.
A long-term leasehold improvement financing is a type of financing that allows a company to fund the costs associated with improvements to a leased property over a longer period of time. Here's how it works:
1) The company identifies a property that they want to lease and improve. This could be a retail space, an office, or any other type of property.
2) The company negotiates a lease agreement with the property owner. The lease agreement will specify the terms of the lease, including the length of the lease, the monthly rent, and any other conditions that the parties agree upon.
3) The company then identifies the improvements that they want to make to the property. These improvements could include things like new flooring, lighting, HVAC systems, or other upgrades.
4) The company obtains financing to pay for the improvements. This financing could come from a bank, a private lender, or other sources. The financing is secured by the leasehold interest in the property, which means that if the company defaults on the loan, the lender could take possession of the leasehold interest.
5) The company then completes the improvements to the property using the funds from the financing.
6) The company pays back the financing over a longer period of time, typically over the term of the lease. This means that the company can spread out the cost of the improvements over a longer period of time, making it easier to manage their cash flow.
Overall, long-term leasehold improvement financing can be a useful tool for companies that want to improve a leased property but don't have the cash on hand to pay for the improvements upfront. By spreading out the cost over a longer period of time, companies can make the improvements they need while still managing their cash flow effectively.
https://www.stornowaygazette.co.uk/business/arnish-delivering-more-than-promised-4023907
I was also wondering. Found this on google. https://www.marineinsight.com/naval-architecture/dry-docking-ships-understanding-stability-docking-plan/
Will also try on chatGPT later.
A large stable multi-year contract (even if on a lower than average margin) will cover fixed costs and then all other work will be cream on the top. All at the same time as allowing for massive modernisation of the yard’s capabilities and building credibility in the industry.
IMO another very amateurish move by JW. Regardless of the reasons, good for us or bad for us, JW should know what is going on.
Investor relations and communications capability are falling way short of the mark.
We should also be expecting the Astra financing to be finalised. The announced deadline has passed already.
Not a good update. There is no way they only realised now that the revenue was going to miss by so much. Global supply chain issues are well known especially with poor supply reliability from OEMs. The contract breakdown with Saipem was known to them too. They must have known about this big miss for some months already but did not inform shareholders of the material gap to announced expectations. If they did not know then they should not be running the business. Such a joke that it took them to the last day of the year to announce they were missing revenue expectation by more than 50%.
I have just above 0.5%, 910k shares
Just listened on **********. Very interesting summary. I do like the way they talked about more than just the FSS contract. More than just a one trick pony and I believe that many do not fully realise this yet.
Good summary.
I expect we will have to wait a few more weeks for the finalisation of the Fulcrum deal. Was supposed to be 31 October and subject to getting a listing.
The story is building nicely. SP needs to play catch up. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02574252-6A1112018?access_token=83ff96335c2d45a094df02a206a39ff4
Looking forward to the Fulcrum IPO. Should be within the next 5 weeks. This disposal agreement was subject to Fulcrum being admitted to AIM by 31 October.