Member Info for realturbo

Not sure if this is relevant to HARL:

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240118:nRSR0733Aa&default-theme=true

According to FT:

Hargreaves Lansdown Asset Management Ltd. AS OF 20 FEB 2023

18.34m 10.60%

Lombard Odier Asset Management (Europe) Ltd. AS OF 18 JUL 2022

12.49m 7.22%

Killik & Co. LLP AS OF 20 FEB 2023

11.97m 6.92%

Walker Crips Investment Management Ltd. (Invt Mgmt) AS OF 20 FEB 2023

8.76m 5.06%

Pentwater Capital Management LP AS OF 18 JUL 2022

7.92m 4.58%

Allianz Global Investors UK Ltd. AS OF 20 FEB 2023

7.89m 4.56%

KW Investment Management Ltd. AS OF 02 OCT 2023

5.54m 3.20%

IG Markets Ltd. AS OF 02 OCT 2023

5.25m 3.03%

Ravenscroft Investment Management Ltd. AS OF 18 JUL 2022

4.46m 2.58%

Jarvis Investment Management Ltd. AS OF 02 OCT 2023

2.19m 1.26%

"Offering support and assisting in any way we can" doesn't quite sound like they are heading up the work.

It's called 'marketing'. Like getting a free coffee at your petrol station.

Sell price for CPC shares has now crept up to a shade over 140 (from 136). Undecided wether to sell or hold on....

Will continue to hold on to my HARL shares longer-term, and will continue to visit here for brief periods only to catch up with good insight from some of the more insightful posters here. Will not waste time getting into silly arguments and will take responsibility for my own research and investments decisions, regardless of +ve or -ve outcome. Currently sitting on a substantial loss, but hey ho, there's more to living than fluctuations in one's bank balance. Incidentally, I still have faith in John Wood.

Seasons greetings.

Would it be correct to assume

- Young’s decision to buy City Pub Group is a done deal

- The deal values City Pub Group stock at 145p per share

- City Pub Group shareholders will receive 108.75p in cash per share and the remainder in Young’s shares

- The valuation of 145p is guaranteed. until your receive the addition Young's share when their value can fluctuate

- CPC investor are not losing out in the short term by holding on their shares

Pros and cons of holding v selling?

Let's keep it real and simple - forget fancy charts, moving averages, unfounded rampers/derampers, excessive exuberance and time wasting keyboard noise. It would be fair to say that the HARL SP is bound to rise appreciably in the next 6 -24months. There will of course be bounces/falls along the way. If you have done your research and have faith, then relax and be patient and keep holding!

(Interacting with mischief makers is unproductive and can be injurious to health)

Oops, just realised has already been posted!

Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, announces that John Wood, Chief Executive Officer of the Company, today purchased 61,241 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a purchase price of 23.73 pence per Ordinary Share.

Following this purchase, John Wood has a total beneficial interest in 902,993 Ordinary Shares, equivalent to 0.52% of the Company's issued share capital.

Have been away from share activity for quite a whole, pleased to see my earlier stated position slowly coming to fruition:

"Clearly, the landscape (and seascape) has now substantially changed. I'm now even more than happy to let things pan out under the expert and capable helm of John Wood and watch the slow and steady trajectory of the SP northwards. Long term hold fore me, maybe adding on the dips...:)" Nov 2021

Nobby put it well when he said "Very exciting times ahead for all, we’ve never been in a better place."

I fully concur. Ladies & gentlemen, please keep your seatbelts fastened and enjoy the ride.

“Never regret. If it’s good, it’s wonderful. If it’s bad, it’s experience.” Victoria Holt

The Times- Gas and electricity bills are likely to rise by a further 500 pounds ($650.95) this autumn, ministers have been warned, asthe war in Ukraine weighs on wholesale energy prices. https://bit.ly/3rdQLzN- The historic Belfast shipyard Harland & Wolff HARL.L that built the Titanic is to work on cruise liners again after winning maintenance contracts from Cunard and P&O Cruiseshttps://www.thetimes.co.uk/article/harland-amp-wolff-wins-cunard-and-p-amp-o-cruise-liner-contract-vkfmtst0q

"I invested for a reason and whilst I have lost a lot of money, I still think the tide will turn."

Although unable to back it up facts and figures or short-term arguments, I am in agreement. I will continue to hold and wait for the submarine to surface.

I've been trying to figure out what is going on with the company, and thought it might be useful to share my notes from a recent RNS:
 
- revenues up from zero in 2019 to a targeted £30 million for the 17-month period ending 31 December 2021*,

- Phase 1 of Saipem contract win earlier this year (plus other smaller contracts) projection is of cashflow break even by end 2021 and EBITDA positive in 2022.

- current order-book (total value of agreed contracts underway or to be completed) has grown from zero in 2019 to £28 million currently

- Order book projected to rise to £90 million during 2022, achieving forecasted revenue of £70-£75 million in financial year 2022.

- management have identified total revenue opportunities of up to £1.49 billion over the next five years. Management believes that approximately £800 million of contracts could be secured by 2026** and the Company is targeting annual turnover of £250m turnover within five years.

- H&W's Belfast Repair Dock expects to welcome six vessels for repair during December 2021 and its order book is increasing for ferry works into 2022.
 
- over £2 million steel pontoon fabrication contract secured on 11 Nov 2021
 
- joint venture MoU between H&W, Navantia and Windar will enable bidding for large fixed and floating wind projects in the UK and Europe.  

- negotiations ongoing on its near-term contract pipeline and continuing to identify longer term revenue opportunities.
 
- pipeline of a number of defence of projects bids due to be evaluated and submitted over the course of Q4'21 and Q1'22.

- actively engaged with the Ministry of Defence on a number of programmes along with the Company's joint venture partner, Navantia.

- submitted a bid in competitive tendering process for HMS Quorn refurbishment package

- submitted a bid to welcome the Queen Elizabeth Class Carriers (QEC) over a 10-year period commencing 2023 onwards (award decision expected in Q1'22).

- actively involved in advanced negotiations with other prime contractors to pick up sub-contract work for ongoing defence programmes. Successfully cleared technical, physical and commercial due diligence.

 - will soon be submitting a formal response to an Invitation To Tender for the fabrication of another eight jackets in connection with an ongoing offshore wind farm project, with the client having a call option for a further eight to be fabricated.

Use of Proceeds
- A minimum of £1.4 million for the recruitment of additional technical expertise across the Group, which would be required in
order to deliver the expected existing and new contract wins

- A minimum of £0.7 for further capital expenditure across the Group; and

- A minimum of £2.1 million for ongoing working capital.

- Any proceeds raised from the PrimaryBid Offer will be used for further capital expenditure and working capital to facilitate execution of the Company's pipeline of contract opportunities.

BlairPeach, you make strong case to support your "I now see no way out" stance. I'm afraid my research and following of H&W has been less thorough and lacks proper analytical approach. Perhaps I should have said progress has been made in turning H&W into a viable long-term business that can supprt progress of IM project.

I freely admit that I have been humbled in having the audacity to believe that I knew better. That I urged ‘belief and patience’, and suggested ‘sell at your peril’ in recent months. I stand before you - no, with you, ready to learn from experience in order to succed in future. So what is my position now, you may ask.

As somebody said in an earlier comment, it is what it is. We are where we are. I will continue to hold, as I have been holding, and cling on to ‘belief and patience’ and be prpared to persevere for the long haul. It cannot be denied that progress has been made in turning H&W into a profitable company, and that there is further progress over the horizon. At the same time it cannot be denied that the deeply discounted placing has been like a stab in the back.

I will choose to believe that the H&W management have a plan, and are doing whatever it takes to progress the company. I will not pretend to know better unless I have facts to back up my assertions.Who knows, perhaps tis placing is pert of a longer game plan; I certainly hope so.

So I will not dwell too much on the current slide in the SP, and choose to believe that we will look back in a few years time when some more substantial contracts are in place, and the when SP is touring the lofty heights of the 50-100p range.

In the meantime, it is what it is, and in keeping with an earlier message, I prefer to remain relaxed.

Yes SD, a whole load of historical info on this site.The website has an amazing list of over 1700 ships built by H&W with photographs and quite detailed information. Definately worth a look!

http://www.theyard.info/ships/ships.asp?entryid=1

Didn't know that Harland and Wolff also had premises in London (North Woolwich).

http://www.theyard.info/yards/london/london.asp#

"Invest while it is cheap because it wouldn't stay at this level for long IMHO"

I have to agree. Those who are partient and bide their time will be rewarded.

9 November 2021
"A major gas project off the coast of Antrim which will store huge volumes of gas for Britain and Ireland has been given a full licence, Harland and Wolff has announced today.

The Islandmagee Gas Storage project will provide more than 25 per cent of the entire United Kingdom’s gas storage when completed, and will support the “growing demand for gas-fired power development” which will underpin renewables in Britain, Northern Ireland and the “Irish Republic”..."

https://www.businesspost.ie/energy/harland-and-wolff-project-would-store-huge-volumes-of-gas-for-britain-and-ireland-company-says-df92a968

Apologies if already posted

Not quite relevant to H&W financial progress, but you still find it interesting:

On Sunday 21st November Belfast is set to host a motorsport extravaganza when the Red Bull Car Park Drift series makes its way to the city's Titanic Quarter. Competitors will tackle an obstacle defined car park track, custom built on the banks of the River Lagan, overlooked by the spectacular Titanic Belfast Experience and the Harland & Wolff Shipyard.

https://www.newsletter.co.uk/sport/other-sport/high-octane-thrills-guaranteed-as-red-bull-car-park-drift-comes-to-titanic-quarter-3449038