Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Can’t wait to see pictures on twitter, linkedin etc. great publicity for the yard. Inching closer to the cash break even that JW promised.
I think a big difference here is that none of the potential good news is priced in. Market cap only 13m. Maybe there have been disappointments for so many years that potential good news is no longer priced in.
44m now
Even if half the 5 year weighted project pipeline of 821m was achieved at a conservative EBITDA and a conservative PE ratio just the H&W part of #infa would be valued at circa 50m. Remember, this is not a start-up. The new partnership is a strong signal. Who’s is missing the boat?
Probably Grease.
Yes and William Duff, the Director of Sales - Commercial & Offshore (inc renewables) at Harland & Wolff posted yesterday on LinkedIn “Great news indeed, we at Harland & Wolff Belfast are well positioned to support these Wind Farm projects”. Hopefully being well positioned will be converted into some deals. It certainly fits well.
Yep, we received 1.3m of the 1.6m from the Eu. Any ideas about when the last 300k will come? I seem to recall someone posted that it was now closed on the Eu website indicating that the remaining tranche should be coming soon. Thoughts?
A weaker current makes domestic production relatively more competitive - that is what I was trying to say. Add to that the trend in de-globalisation (started by the China trade war and accelerated by COVID) and the two factors come together quite nice to support the announcement.
Exactly. Lower GBP improves competitiveness and also due to COVID many global supply chains are broken or at best under strong stress. The COVID shutdown crisis is diametrically opposed to globalisation - more local / regional.
Agree goupplease. More and more is being posted on sites like LinkedIn. H&W has thousands of followers most who are in the industry and associated industries - very good publicity and many are excited about job prospects. As I said a few days ago, the light at the end of the tunnel is probably not an oncoming train! Now we need some extra professional advocacy to position ourselves to benefit from the 700m support package.
I know, a total dichotomy. What a fun ride we have ahead!
Not a bad storyline. Now for the contracts to start coming. The light at the end of the tunnel is probably not an oncoming train!
Big plans for employment, no wonder the job advert is out for an HR Director.
https://seanews.co.uk/shipping/exclusive-interview-with-john-wood-ceo-of-infrastrata/
Thanks Si. Maybe you will need to add something for the Chairman in the coming days. How many shareholders inside this 68% - about 25 + those who got the 600m "loose" shares at the last placing? If none of them TR1'd then there must be quite a few. Not bad altogether and thanks for the updates.
Just saw this article via a LinkedIn post 45 minutes ago.
https://www.maritimejournal.com/news101/industry-news/big-plans-for-northern-ireland-shipyard
Clive Richardson, chairman of InfraStrata, said: "When the lockdown is lifted, we expect to put in place a series of contracts at Harland & Wolff. " Maybe he will buy some shares too.
Feeling the same way Spud. 1.8bn unweighted 5 year "market opportunity" across 5 streams giving a 821m 5 year weighted order pipeline with a very experienced H&W management team feels reasonably tangible to me. What about - quote low to secure orders, cover fixed costs, get good references and the path to breakeven point makes more sense.
So a decent rise in the last 2 weeks off bad lows. We understand that about 65% or so of shares are held by about 30 shareholders . Interim financials were ok confirming asset value. Good management team assembled in H&W, new HR director being recruited as well. Board preserving cash (in uncertain times) by asking for reasonable delays on payments due - good move as long as reputation not damaged. Strong 5 year 821m weighted pipeline for H&W. Seems rather positive. ML waiting decision after successfully completing full document and review submission and consultation period. N Ireland needing jobs with H&W soon to be offering employment. All in all not too bad for me, hence my top up today. Considering this is basically a “start-up” I am quite pleased with what is on offer. Maybe and just maybe the FSRU will come into play but that would be the cherry on top of the cream on top of the cake.
Agreed Radders and I think that it is a wise decision to try to defer or delay loan and debt repayments so that cash can be conserved to ride out the period of uncertainty.
He does explain briefly in the video Where the numbers come from and what the basis for the pipeline calculation are. Well worth listening again. Missed a few things the first time. At the end of the day contracts need to be signed and I am sure that will come given the quality of the facilities and new management in place.