Member Info for maestro1

Im not expecting sub contract signing tomorrow but interested to what is said in the interview.

After tomorrow i can see the build up commencing as next week is likely when the sub contract harl will receive..

Look how quickly mm's shift this basically om nothing last hour..

Well in this article Wallace implies £1.2bn

"Mr Wallace said the deal was a “feather in the cap” for Harland & Wolff’s yards in Appledore, Devon and Belfast. On a visit to Appledore he told reporters: “Today’s announcement is £1.2 billion worth of investment in three major logistical ships that are designed to support both the carriers and warships at sea."

https://www.belfastlive.co.uk/news/northern-ireland/harland-wolff-help-build-three-25529371

But they will never be able to cash in their large holdings at 40p. They have to do it slowly, hence like kave.

Forestgump

Banking profit some purchased in single digits, there will be some heavies trading this too..

They are brokers, they hold shares for pi's etc, just like hargreaves who own 10% of harl.

Whats the two large credit facilities for then?

What we do know is that last week the ceo woods said in couple of weeks the sub contract would be signed, so we all know this has already been agreed with Harl and Navantia as they are part of the triplets who got the 1.6bn contract.

Next week one can speculate a rally will commence in anticipation of certain deal.

"In addition to Harland & Wolff, it owns the Islandmagee gas storage project, which is expected to provide 25% of the UK's natural gas storage capacity and to benefit the Northern Irish economy as a whole when completed."

Imagine we had this storage now, 25% uk storage capacity.

Harl are going in right direction, already have multiple contracts and bidding for more, they have capacity to generate £500m per annum. THIS IS HUGE....

Wood said in 2021

"Harland & Wolff said its footprint now exceeds 250 acres, making it the largest business dedicated to the marine construction and fabrication industry in the UK.

Wood added: "With our investments in people and systems across the group, we are in our best ever position to bid for and consummate larger long-term contracts as we strive to enhance shareholder value.

"We estimate that at circa 80% utilisation of the facilities, Harland & Wolff is capable of generating revenues of about GBP500 million per annum. Whilst we have a lot of work to do to get to that level, the business is now starting to move in that direction with momentum being built across all our five markets."

Lse03

"It goes on to add that it will: “Focus on floating offshore wind, nuclear and hydrogen that will drive a transition to net zero by 2045.”

Just yesterday harl worker in an interview said they are well positioned for wind power. I think there is a long term plan, harl will be favored by govt..

Olderandwiser

How many aim companies have you seen with large govt contracts. This expected to be large.

Also now more companies will do business harl now that they have large contract with govt.

They say they are well placed to get in green sector ie wind power/windfarms.

The base is set.

1.5m buy from yesterdsy, snuck in today. Printed..

Contract around 650m is great, the infrastructure will also be modernised with 77m investment.

Harl will be getting more contracts soon

Scandalous from RY, ignoring shareholders.

I think this will take months to sort out, no mainstream bank wants to touch russian money..

Maybe RY should ask Paypal? :-)

So RY ignoring all investors. Is it close period?

We probably have $4m in bank, more than enough cash but i would prefer if the directors take a paycut at least till funds have been transferred.

It would be nice if funds get transferred by the end of month now that will be surprise.

Shadowless

So you believe they have a bank but is doing due diligence?

They say they approached multiple banks with regards to transfer the bank could instantly tell them if they transfer from russia.

They surely have money till then regardless if KM is sold or not.

Fingers crossed we hear something soon.

RY he gets close to $300k per annum.

In the rns dated 7 nov, RY stated "With regard to timing, this is dependent upon banking institutions completion of their Know Your Client ("KYC") protocols."

This to me suggest they have a bank, but its been over 9 weeks and still no update, this is scandalous. KYC doesnt take 9 weeks.

Shareholders deserve proper update, nov update was vague.

When the money comes to amc within 90 days we will get divi.

Shadowless- have you phoned company, i cant get through to him via email no phone.