Scraping my head regards H@W valuation ?11 Mar 2023 14:36
I’ve no doubt I’m not the only one perplexed about this valuation:
Let’s just imagine for a moment if H&W decided to end their business activities and sell its assets and property.
The Devon site was bought for 7 million nearly 3 years ago, The sites in Scotland and N Irland plus Island M I would estimate the value at 20million plus.
This adds up to the current market valuation. No value for a great growing business, a going concern with a billion pounds of orders on its books, a company that is a main player in a government ship building contract and a company in advanced negotiations on other new contracts: Seems strange to me why this sp isn’t nearer 30p than 15p ?
What I can see is in tough times on the markets the markets are not paying for potential or exciting futures the market wants to see work done, profits made ! In saying that 15p is just the break up property value of H&M. Great press coverage, The defence minister at the yard giving a massive vote of confidence hasn’t made any difference, very strange in my book