Member Info for TheDogFarther

Kaeren, As the Belfast unemployment rate is nearly double that of Barrow, i believe that it will be much easier for HARL to recruit to flight apprentices than BAe. I am forecasting that BAe will have to sub some of the Dreadnaught work to Barrow. Why not . It would be good for BAe to work with HARL , before there much anticipated take over approach.

I have heard that BAE are having problems recruiting and will have a manpower shortage ,which will negatively affect their Dreadnaught program.

Looks like HARL got the jump on them.

Our apprenticeship programme is now in its third successful year, and we are looking for our next intake to the Harland & Wolff family.

JW said that demand for fabrication, in the UK, will outweigh supply by 4 to one this year.

Another large windfarm about to be built close to HARLs yards.

ttps://morecambeoffshorewind.com/#partners.

British Chairman and Japanese partners. Cheaper to build the Jackets here i think , than transport them from Japan.

I dont think that i can better Kaerens comment.

We will soon get a finance agreement beneficial to HARL. With a positive IM court decision HARL will shoot past 50p. Dont forget , HARL CEO said that he valued IM in the low £100m .Lets say for augment sake £110. If after a favourable ruling JW decides to sell IM, then at his valuation thats 82p per share. A 10% special dividend would deliver more than 50% of todays market cap back to the shareholders. This share is vastly undervalued.

06-Jun-23 16:27:14 13.76 42,877 Buy* 13.50 14.00 5,900

Confidence re turning after a ridiculous and un deserved lapse. Investors like Xenor, who dont think people shouldn't have children ( i know its weird ) , but check his posts , are partly to blame. Sanity will prevail. Contracts will arrive. The Finance deal will be done. The SP will shoot past 50p.

Bubble, interesting. I have a drink planned with my friend Thursday. Will ask if he knows anyone at Barrow.

Bubble, the guy i know only works on Onshore wind and unfortunately has nothing to do with Mona specifically. He is a Goldmine of information however , as he is an engineer in a consulting company. Do you mean that the jackets will be erected at Barrow. The company that owns the assets in the project is a ltd company . I checked Companys House , but nothings interesting yet.

A friend who works in the Wind Turbine renewables sector has alerted me to this.

https://morecambeandmorgan.com/morgan/

Interesting because of its geographical location.

Superb updates by both LWHL and Kaeren . Both understand how the market and business work in tandem. Kaeren , i get your point and agree that is exactly what HARL are doing. ie bundling small contracts together. My point is simply that i believe that they would get More Bang for their Bucks, by RNSsing them separately.

Getting closer everyday to what could well be a Life changing investment.

Kaeren, another thing JW said , that i found very interesting, during his latest interview was that they do not RNS all of their contracts. I understand the logic behind this to a certain extent. RNSs cost money and can be time consuming. In my experience senior management do not understand there true importance. In one sense i take his statement as reassuring, as in " There is more going on than we know about". I understand that you have a good connection with IR. Perhaps a reminder to them of the Investors Perspective may be helpful.

An example of a totally ridiculous statement made by someone who is more interested in current sentiment than fundamentals.

"we will stay in the teens until IIs invest regardless of what news we get."

So, if a buyer comes in an meets JWs valuation of IM ie approx£120m , the SP would stay in the teens. I dont think so. Buy on fundamentals , sentiment can change very quickly. Financing deal and contracts are on the way.

I actually think that 20pis actually possible. But you said that my 20pquite mentioned chats, where are the charts in that quote. Strange how you claim to have invested here. You said it was Speculative. I dont believe you , but prove me wrong and explain why you bought. Also how did you find out about the share ( I think we all know the answer to that one ).

" The last valuation for I.M. was £35M - £50M, the valuation was about 18 months ago by Cenkos."

Looks like the value has risen considerably. This is not surprising considering the the almost religious fervour towards to Carbon neutral.

Once again Broomtree you are wrong. The 20p was a joke , i was MOCKING CHARTS. As i said on UOG , i didnt think you would get it as you dont have a sense of humour. If the Jamaica farm out is successful, then 10p will be hit very shortly. If you made a speculative purchase there, was it not on the hope of Jamaica, if not what.

Any way back to HARL. The value of IM , my guesstimate £75m will eventually be added to the current SP. We all know that ( genuine holders anyway). This is an amazing opportunity to buy a fantastic asset at a ridiculously low price.

Predictions of what will happen in the future is always a guesstimate. Just like the projections for HARL income for FYE 23 , 24 and 25. The turnover of £500 million that John Wood spoke of is of course not set in stone. He is however a successful business man and i would much rather base my estimates of what IM is worth on his words, than a unsuccessful person like Broomtree. You notice he isnt capable of contesting figures as he probably doesn't understand them and is only capable of negativity.

Think about what John Wood actually said " We had an approach for IM which was for Many multiples of the £15m that we have invested.

20p was a joke. Broomtree didnt understand that as he has no sense of humour. However, 10p is very possible on confirmation of a successful Jamaica farm out deal. Even if we only came away with 20%, thats nearly 1.5 Billion barrels of Oil. 10p will be just the start.

Its not pure speculation. John Wood stated they they had received a approach at multiples of what they had invested in IM. He also stated that it was MANY multiples of the £15m that they had already invested in the project. HARL did not encourage the "approach", therefore they turned the offer down. Of course the amount is a guesstimate. I have based the £75m offer on a multiple of 5, which actually in my mind is not many multiples, that would probably start at at least 6-7. I decided to be conservative. I doubt thought that it was as high as a £100m. If it was ui think the CEO would have taken the offer more seriously. Lets say it was £60m , a multiple of 4, that's still double the current market cap. Dont forget that John Wood stated that non of the value of the asset is currently priced in. The upside is massive.