RE: Harland & Wolff is Extremely undervalued, even at 30p.14 Jun 2023 08:36
I canoot say this better than our very own Stokey :
'Note it is only the Ministers decision to grant the license that is being challenged the underlying application would still survive. The effect of this is even if the JR was to succeed, with one exception, all the Minister needs to do is retake the decision inline with the Court's judgement.
As to the significance of the case if DAERA was to successfully defend the JR then IslandMagee Energy would have a, by my calculation, 40 year guaranteed source of income. In addition depending on what the final financing decision is it could affect the value of HARL. I say this because let us say that HARL exchanges 40% of the equity in IslandMagee Energy for the funding of the project that would give you a figure for the value of IslandMagee Energy. This is because if 40% of IslandMagee Energy is worth X then 100% is worth Y. It follows that HARL must be worth more than Y.
So in short the JR is significant as it would a) give a rough estimate of the value of HARL and b) provide a 40 year income stream.'
IM is not going away :-)
But my investment is due to the ship/fabrication works at various sites. I believe this is a super long term investment.