Harland and wolff1 Jul 2023 08:49
To give credit the company are employing hundreds of people and this will definitely be a positive fir the local communities.
They have built this from nothing other than shareholders expense.
The company itself could well become an amazing success but that success may not be directly proportional to shareholder value imo.
Wallowing in debt and sky high interest payments is a problem imo.
Anyone care to comment on this paragraph from CFO statement?
"As we become more mature as an organisation and pick up higher levels of debt, one of the important
metrics that we will be reporting on is the net debt level at periodic intervals. Accordingly, our net debt
as at the end of FY 2022 stood at £82.51 million (2021: £14.05 million). This highlights the fact that
we are under-capitalised and would need to balance our capital stack in due course."