The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
As I post there is a spread of 10.5%+ on LSE, Yahoo (https://uk.finance.yahoo.com/) show a rise of 5%+, so perhaps the start of a race for shares?
Navantia, S.A., S.M.E It is with deep regret that we announce the death of the Director of the Corvette and Maritime Action Vessels Business, José Antonio Rodríguez Poch. The three shipyards in the Bay of Cadiz have declared this Tuesday a day of mourning and will stop the activity as a sign of mourning.
Son and grandson of Bazán workers, José Antonio Rodríguez Poch (Cádiz, 1967) spent most of his professional career at the shipyard, since he joined Empresa Nacional Bazán in 1991, in the Electronics Workshop of the Production Department.
Industrial Organization Engineer, between 2005 and 2012 he served as Head of the Combat Systems Program of the Technical Division of the San Fernando-Puerto Real Shipyard. He was also part of the Commercial Department and in 2015 he was appointed Head of Technical Integrity of the Avante 2200 Program. In 2017 he took charge of the San Fernando shipyard and, two years later, he was appointed director of Defense Programs.
Since March 2021 he was responsible for the Shipbuilding business in the Bay of Cadiz. Under his leadership, the shipyards completed the construction of the Avante 2200 corvettes for Saudi Arabia, a program that has raised the company's international projection. He was currently leading the BAM-IS program for the Spanish Navy, as well as the construction of a patrol boat for Morocco and the FSS program for logistics ships for the United Kingdom.
The president of Navantia, Ricardo Domínguez, has expressed his condolences and that of the Management Committee in a message to the staff. "The entire company is shocked by this loss. José Antonio leaves an irreparable void from a professional and human point of view and also leaves an indelible mark, he represented the best of Navantia, always committed, always proud of our work".
"Just a few months ago I conveyed to the workers of Bahía de Cádiz my gratitude for the conclusion of the Avante 2200 program. José Antonio has been a pillar of this program, has contributed to the international projection of the company and has been an exceptional asset for Navantia. I join in the grief of his family and, at the same time, I want to express my pride in having worked with him. I think I'm conveying the sentiment of the entire company in pointing out the pain that his loss causes us."
Also a link (not so new now) at https://www.bbc.co.uk/news/uk-northern-ireland-69016595
If they get a 100% guarantee then borrowing should be at a lower rate.
Quoting deputy Cathal Berry, from Scaffmans' link
"Perhaps touching on what Deputy Ó Snodaigh said earlier on this morning, the LÉ Eithne was built in the Tánaiste's home county of Cork. It is a pity we cannot build more equipment here in this country because, as Deputy Ó Snodaigh said, ethical procurement is important. If we want to be assured of the traceability of equipment, the so-called bench to trench, we should probably be looking at setting up some kind of companies that can make some of the equipment that we need for ourselves and we can be sure of their credentials. I would emphasise, of course, that there is a shipyard on this island, in Belfast, namely, Harland & Wolff, and I very much hope that it applies for this tender when it is published."
At the time of my posting there is a huge buying and selling spread on the shares (>9.5%). After buying and selling costs it's difficult to make money by day or short-term trading - only the market makers will gain because of churn. If anyone does make short term, then it's only at the expense of others in the crowd who are trying to emulate a leading few. If one's bought in then in my opinion the sensible ploy is to sit back, relax, enjoy your tipple, hold on tightly and wait for the ride. Don't be one of the losing crowd.
Poouela, in your posts your grammar is atrocious and on top of that you struggle, even with simple things ... Monty Python springs to mind.
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The airspeed velocity of an unladen swallow depends on the species of swallow. There are 89 species of swallows in the world, and most of them fly at different speeds. However, we can narrow it down by considering different characteristics such as wingspan, weight and flying style:
_.
An African swallow with an average wingspan of 0.28 meters flying at an average speed of 35 miles per hour.
A barn swallow with an average wingspan of 0.31 meters flying at an average speed of 20 miles per hour.
A cliff swallow with an average wingspan of 0.32 meters flying at an average speed of 23 miles per hour.
A tree swallow with an average wingspan of 0.29 meters flying at an average speed of 27 miles per hour.
These speeds indicate that an unladen swallow can fly anywhere from 20 to 35 miles per hour, depending on the species. If you have a specific type of swallow in mind, please do some research.
FG. I hope that I wasn't disparaging because that wasn't my intention and apologies if there's any hint of that. It's that I believe the gas caverns can play an important role in gas storage, moving onto hydrogen storage and a greener world.
FG, I disagree with some of your views re hydrogen.
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Hydrogen is highly flammable and can explode when mixed with air (the classic chemistry lab test tube pop). However, so are other common substances, such as flour and petrol. Flour can cause dust explosions when particles are suspended in air and ignited by a spark. Petrol can ignite and explode when exposed to open flames or sparks. It happens that flaring off hydrogen is no more dangerous than flaring off natural gas. The key to preventing explosions is to handle all flammable substances with care and to follow proper safety protocols.
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Hydrogen has the highest energy content per unit mass of any chemical fuel, approximately three times that of petrol. However, its low density means it has a relatively low energy content per unit volume. This can be addressed through advancements in storage and transportation technologies, such as using liquid hydrogen or using efficient storage (gas caverns).
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Wind electrolysis is a process that uses wind energy to generate electricity, which is then used to split water molecules into hydrogen and oxygen. This is a clean and renewable way to produce hydrogen, and it can be used to address the concerns about hydrogen being a greenhouse gas.
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Hydrogen molecules are small and can leak more easily than other gases. However, leakage rates for new hydrogen infrastructure are comparable to or even lower than those of other gases, such as natural gas. Moreover, advancements in materials and technologies are constantly improving the leak-proofing of hydrogen systems.
The article has a good link to another article that gives an overview of salt caverns https://www.sciencedirect.com/topics/engineering/salt-cavern
At the moment of posting there is a spread of some 10+%. A large spread between the buying and selling price of a share, also known as the bid-ask spread, can indicate several things about that stock or the market it trades in:
Low Liquidity: A significant spread often indicates low liquidity, meaning there are fewer buyers and sellers. This can make it harder to execute trades at predictable prices.
High Volatility: When a stock is very volatile, market makers widen the spread to mitigate the risk of rapid price movements between the time a buy or sell order is placed and when it is filled.
Lesser-Traded Stock: Stocks that are not traded frequently typically have a larger spread. This can be due to a lack of interest or information about the company.
Market Uncertainty: In times of uncertainty, such as during economic turmoil or company-specific distress, spreads can widen as market participants demand greater compensation for the risk of trading.
Information Asymmetry: A large spread can also result from information asymmetry, where one party may have more information about the stock than others, leading to fewer market participants willing to trade at any given price.
Interesting times.
In the land of Poouela, a place unknown,
Lived folks with hearts like stones of stone.
They coveted treasures, power, and gold,
But their greed and envy left stories untold.
*
Beware, dear friend, of Poouela's grasp,
For it's a path where dreams can clasp.
But illusions there, they often fade,
Leaving you lost in the shadows they've made.
*
In Poouela's realm, the wicked thrive,
While kindness and love struggle to survive.
So heed this warning, my friend so true,
Poouela's allure may ensnare even you!
*
Let goodness guide you, in choices be wise,
In Poouela's temptations, don't be a prize.
For a cautionary tale, we now unfold,
In the land of Poouela, where hearts grow cold.
Under the caveat of generalisation and from various sources (Google Brad, ChatGPT + other), as a generalised broad average I quote "it is unlikely that a fire sale of listed shares would be enough to cover all of a company's liabilities. This is because a fire sale would typically involve selling shares at a significant discount to their market value". So that puts H&W above the average and dare I say less risky. Note that this is AI's view as a 'broad average for listed shares'.
Move the slider between the limits and choose your position. It's up to you how to interpret this.
It can be useful to go through a thought exercise where you look at extreme limits, because then the truth is somewhere in-between. Before anyone comments, this is just a thought exercise with no right or wrong, just something to get people thinking.
The upper limit to H&W is really high and its multibagger many times. I'll leave that to you.
The lower limit or worst-case scenario might be a fire sale. That's not going to happen, but I need something for my imaginary 'what if exercise lower limit'. To recap, Harland and Wolff Group Holdings plc (AIM: HARL) is a UK-based company that provides infrastructure and engineering services to the maritime, offshore, and renewable energy sectors. The company has a number of assets, including shipyards, fabrication facilities, and a gas storage project.
The company's financial report (for the year ended 31 December 2022) showed that it had total assets of £234.9 million. It included £121.9 million in property, plant, and equipment, £26.5 million in cash and cash equivalents, and £86.5 million in other assets.
It is difficult to give a good estimate of the true asset value of Harland and Wolff, since it depends on a number of factors, such as the market value of its assets, the condition of its assets, and the company's future prospects. However, based just on that report, it is reasonable to estimate that the asset value of Harland and Wolff was in the order of £200 million to £300 million.
So, you now need to decide upon the real value of H&W, which will be somewhere between the two extreme limits. For me, I'd add in a lot more additional value for the order pipeline, + defence contracts and future prospects, + name and history, IM (which can be developed, sold or whatever), + lots other that we can all think of. I personally think that the share price is drastically undervalued, that the business is worth much more. However, the share price is probably not going to change quickly for now, maybe not before bigger players get involved. Trading is relatively thin, and the MMs have manoeuvred to deal in small amounts, so they maximise churn and therefore their return. I'm in for the long term and I'm expecting to be proven right. Warren Buffett is one of the most successful investors of all time, and he is known for his buy-and-hold investment philosophy. He believes that the best way to invest is to buy shares in high-quality companies at a reasonable price and then hold them for the long term. He agrees with me!
Poouela (Lisa and Friends), there's always a whiff in the air when you post silly and misleading comments. Did you not read the BBC article properly? It also says "However, it could face opposition from shipbuilder Harland & Wolff which is preparing a rival bid to operate Isles of Scilly ferries. The company's proposal would put it in competition with the Isles of Scilly Steamship Company."
poouela, let’s summarise you
you don’t own a single h&w share
you “don’t particularly care what work h&w generates or what families they support"
you are against im and therefore one should assume anti hydrogen and the path to it, anti eco
your use of english grammar is atrocious
what are you? some foreign agent? a conspi****** or perhaps something worse?
Poouela, ignore the comma, the correct phrase is "too many"
"Too" is used to indicate an excessive or excessive degree, while "to" is a preposition or part of an infinitive verb form and is not used to indicate excess.
So, in the context of your original sentence, it should be "too many spaces" to convey the idea that there are an excessive number of spaces.
Poouela
Spacing: There are multiple instances of excessive spaces within the sentence, making it appear disjointed and unprofessional.
Grammar: The phrase "poor gramma" should be corrected to "poor grammar." Additionally, there is a missing comma after "Running," which should be added for proper punctuation.
Capitalization: "gramma" should be capitalized as "Grammar" since it's part of a sentence.
Punctuation: The use of a semicolon and a winking emoticon at the end (";)") is a bit unusual. While emoticons are acceptable in casual communication, they may not be suitable in more formal contexts.
Clarity: The sentence, "They’re not laughing at H&W, I can tell you that much," lacks context and may leave readers confused about the subject matter.
Overall, the grammar and punctuation in this text need improvement for clarity and readability.
***uela, in your post on 8 Sep 2023 18:41pm your exact words were "I don’t particularly care what work H&W generates or what families they support". That's gobsmacking fall of my seat stuff! Shows what you really are.
Here's a little ditty for you:
In the Port of Belfast, where laughter fills the air,
Lived Consuela, with a malevolence beyond compare.
Within the vibrant city, her heart remained cold,
In hidden caverns, her sinister secrets did unfold.
Yet Harland and Wolff, with shipyards so grand,
Stood as a testament to the city's skilled hand.
In the Port of Belfast, where dreams took flight,
Consuela's evil deeds couldn't dim the shipyard's might.