The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Yep. Totally guaranteed !
In my opinion Harl shares will currently give you a guarantee that you are unlikely to get in any of the big boring predictable dividend paying blue chips at the minute.
That guarantee is VOLATILITY !
I feel that we're going to see regular 5 to 10% days where the share price will rise or fall for no apparent reason. We can all speculate about the suspected reasons, buyers, sellers, II's, MM games, shorters, rampers/ derampers, directors buying/not buying, etc. The bottom line is that us Joe Publics will rarely know the real reason for these 5 to 10% swings.
If you're invested or thinking of investing in Harl, please be careful on how much credence you give to some of our postings here, if indeed you give them any, lol. I'm getting more and more frustrated with some postings and possibly some of the agendas of some posters.
This share is going to continue being volatile, so expect that, and don't be surprised with anything !
I said it before, but it's never been more relevent than it is now :-
Opportunityisnowhere !
Ps - For the ramper and deramper accusers among us, hopefully this caters for you both.
I agree with you Stokey that not everyone is on social media, however have to politely disagree with you that email could be a better medium for greater reach. An email newsletter will only get to a targeted audience of pre agreed individuals (who have previously provided their email details to the company). Social media can reach a potentially far bigger audience to attract new interest and investors (who can then provide their email details for future contact).
I'm curious of 2 things if anyone can shed any light on this for me please.
What were envisaged to be the reasons for the share buyback initially, and then what could have been the subsequent reason/s to cancel these ?
Tia.
I feel that we need to acknowledge this week the great work ceo JW has done in getting out there with the interviews he's done to the various media outlets, Vox, Proactive, LSE, etc. These interviews give us more information and a greater insight to the company and the various directions it's currently going in. They're a great medium to communicate to existing investors as well as promote the company to new potential investors. So a big thank you JW for these ! Keep er lit, and keep them coming !
Praise over ! I'm looking more though, lol.
The FSS buzz is great, but give us more social media posts please of everyday work going on in the 4 yards (Facebook, Twitter, LinkedIn, etc). For example, It would be great see some photos of of the ground anchor and A frame work in Arnish for the Greenland contract. Some info, photos or posts on the 4 jackets Methil contract and it's progress. If allowed, photos and updates from HMS Quorn and Atherstone in Appledore and what would be brilliant are some updates and more photos on the Cory barges contract in the huge fabrication area of Belfast.
I understand you're not always able to publish info, photos, etc, due to customer confidentiality and commercial sensitivity, but give us more please on the everyday working of the yards when possible.
Let us see too how the new apprentices are getting on, some photos of the everyday smaller contracts, the RoRo's in dry dock, the vessels in the SRQ, and so much more of what everyday in one of our yards look like. This also helps prospective new employees also see what type of work goes on in H & W, and may even encourage them to take up careers in some related areas of work here. We need these hands on operators for the FSS and other upcoming contracts we hope to land.
If any of the H & W team (particularly marketing) have a look at these pages, then please don't take this post as a complaining rant. I'm just an excited investor who appreciates your communications with us, but who wants to see and know more of what goes on in the business.
Ps - The nature of this beast is always to want more. . . . . so i'll still want more even when you are delivering more, lol.
I think this might be the 'transformational year' video referred to earlier. It was only posted about an hour ago.
https://www.google.com/search?q=harland+wolff+ceo&rlz=1C1GCEA_enGB992GB992&tbm=vid&source=lnt&tbs=qdr:d&sa=X&ved=2ahUKEwjcqqjClsf7AhXPYcAKHfEGBlsQpwV6BAgKEB0&biw=1920&bih=937&dpr=1#fpstate=ive&vld=cid:6f95e7e4,vid:_0El6IxBnDU
I think this might be the 'transformational year' video referred to earlier. It was only posted about an hour ago.
https://www.google.com/search?q=harland+wolff+ceo&rlz=1C1GCEA_enGB992GB992&tbm=vid&source=lnt&tbs=qdr:d&sa=X&ved=2ahUKEwjcqqjClsf7AhXPYcAKHfEGBlsQpwV6BAgKEB0&biw=1920&bih=937&dpr=1#fpstate=ive&vld=cid:6f95e7e4,vid:_0El6IxBnDU
I would totally agree with you BTB.
I've been to the H & W Belfast site various times over the years, and have also been to both Investors days there in recent times, and been part of the tour given by AR (CFO) and some of the other management team.
You really need to go to the site to fully appreciate the scale of the place and just what a fantastic asset it is with many potential uses.
I know you say the Belfast yard might be worth 100M alone, and that could be true, but to put a facility like this together from scratch is going to be well up on 1B+. With costs like this it's difficult to see any new players ever coming to the UK shipbuilding or heavy engineering markets. I honestly feel it would be so difficult to place an accurate asset value on the Belfast site (or any of the Harl sites) at the minute. The FSS contract (hopefully signed off soon), has definitely increased the asset value here though.
To give an idea of what it might cost these days to even think about building a new facility I've attached a link below (with a video on this page) from from the Institute of Civil Engineers telling us a bit about the building of the Belfast Dry Dock (BDD). To build this actual dry dock today would cost 120M+. Bear in mind too this dry dock is the smaller one of the 2 Belfast docks at 335 x 50metres. The bigger dock, the Belfast Building dock (BBD) is an even more impressive 556 x 93 metres. Goodness knows what that would cost to build these days.
My point is that we have a very valuable asset estate across Harl and that will only get bigger too with the 77M injection as part of the FSS contract.
https://www.ice.org.uk/what-is-civil-engineering/what-do-civil-engineers-do/harland-wolff-dry-dock/
I'm very new to this stock so please forgive my naivety in this or any other questions.
What i'm wondering here is do we normally see much difference at certain times of the year in MMAG's turnover (ànd therefore profitability) stats.
Maybe i'm looking at this too simplistically but i would imagine around Christmas time folk will be selling off a lot of older technology and buying newer items. They'll be getting rid older phones, computers, etc to fund these newer items too. I would also imagine at that time of the year too when a lot of people will be off work that they'll have more leisure time to surf sites like MMAG. With times as tough as they are too, maybe MMAG might be a site they're more likely to utilise too ?
Has anyone any thoughts or kniwledge on this.
Ta in advance
TTNY
Chrisatrdg. The Herca1 you refer to is still at the SRQ and has been there a while now. For anyone following the Belfast Harbour bookings page the Herca1 is showing as 'Jolanta'.
It was indeed Jolanta but was renamed by new owners to Herca1. I was down at Belfast docks at the weekend and it has the 'Herca1' markings on it's bow.
Talking to some folk on my walkabout i'm told that Herca1 in a past life used to be a container ship. Apparently, amongst other things getting done in H & W, it's getting converted back again to a container ship and has required quite a bit of work to be done to facilitate this. Once completed i'm led to believe it will be on it's travels to Guatemala/Honduras direction.
Checking the Belfast Harbour site i see it's scheduled to leave the Ship Repair Quuay (SRQ) on 30th November.
WOW Gino ! !
I really appreciate the time you took in giving that summary, it's very much appreciated.
My Googling research has plenty to go on tonight with that info.
Ta again.
TTNY
Hi folks.
I'm a new investor here just saying hello. I'm a Harl investor and only became aware of ECR through the Alan Green interview where he discussed ECR in the same interview.
I've only dipped my toes in here lightly so far as I've only done very limited research. I do rate Alan green sufficiently to pop a few quid into his more positive thinkings.
There does seem to be a massive swing in poster views here in ECR, from 'we're going to conquer the world' to 'our company is going down'.
I'm going to spend some time reading past posts, company RNS's and any current and past broker notes on ECR. Can any of you guys maybe give me some direction that might be useful in researching ECR further.
Any thoughts, comments or views too (positive or negative) are very much appreciated.
Ta in advance.
Great post Oranolio1 and thanks for sharing the Stockbox info.
For anyone not on Twitter, here's the link below for that Stockbox interview.
https://www.youtube.com/watch?v=R-qII93JXqA
It's a 40 min interview, with H & W discussed for the first 20 minutes. It's a definite 'must listen to' for any new investors in the company who maybe aren't as familiar with it, as well as a very informative interview for anyone currently thinking of buying or selling shares in Harl.
I just bought in here yesterday after the Autumn Statement news. Without regurgitating the details of this again, the bottom line i feel is that money is going to get tighter for everyone and more folk will struggle with bills, outgoings, etc.
It's companies like MMAG that might see an increase in their business as a result of this with more folk selling items, renting items and also those looking to buy articles and not prepared to pay the new rrp on new items.
I plan to stay here for the longer haul but i do expect quite a level of volatility in a stock like this.
Me too Roly !
I was really looking forward to the sandwiches too. They were lovely at the last meeting and were one of my main reasons for going back again today.
I also pinched a packet of Tayto Cheese n Onion crisps at the meeting when Seena wasn't looking. Our Nordie Tayto our so much nicer than your southern ones, lol.
Before I chat about BWW's, can i say it's great to see the SP where it's at today. For the LTH's (inc myself), if i can summarize my feelings on this in a word, it's PHEW ! ! Well done to JW and team on getting the FSS deal to where it now is. Quite rightly, the focus on this message board over the last few days has been 3 biggish boats Harl will be assisting in putting together. There's a wee bit more going on in Harl at the mo though too !
This post is more for the newbies (and a lot of you guys) having came onboard recently too. I hope this doesn't sound patronizing, but please, (if you haven't very thoroughly already), then do some research on H & W ! There's a lot more going on here than the FSS contract for the 3 ships !
If you scan the posts on these pages over the last year or so, and do some Googling too, you'll read about the opportunity that is Islandmagee (or IM as many of us refer to it as). I'm not going to discuss that in this post other than to say that it could be a quite something for the company when the judicial review is completed in January 2023. There are several outcomes to this, and there certainly appears from H & W to be an anticipation of very positive news on the outcome.
Getting to my point, as i eventually do, and it's on the subject of big wurly windmills. JW talks about the 5 key areas of the business, one of these being renewables. The potential for growth in the company in this area is huge.
The ScotWind auction back at the start of 2022 raised over 700M and awarded licences to 17 projects. Some of the winning bidders here have worked alongside H & W in putting together their bids and proposals. These wind projects will require substantial heavy engineering works to be completed, including the fabrication of jacket foundations. This is work that Harl is perfectly equipped to carry out, and with it's sites in Arnish and Methil, perfectly geographically placed for these works too. Indeed, the Methil site is currently working on a contract for Saipem for 4 jacket foundations at a contract price of 23M.
Personally I'm expecting a lot more work in this area, and hope there will be some contract news in the near future in relation to these windfarms and renewable energy.
Not wanting to put a damper on the great news of the FSS, but big wurly windmill related work will keep the company busy in the meantime until the company gets started with the FSS. Interestingly too Harl have an MOU with Navantia for renewables.
Watch this space for BWW news in the meantime !
I've popped a few links below for anyone interested in reading a bit more about this :-
https://www.bbc.co.uk/news/uk-scotland-scotland-business-60002110
https://www.harland-wolff.com/news/harland-wolff-announce-signed-memorandum-of-understanding-mou-with-navantia-and-windar-renovables/
https://www.harland-wolff.com/news/harland-wolff-location-uniquely-positioned-to-significantly-advance-offshore-wind-
Still here Stokey, still got the same holdings, and have also done a few top ups in the last 4 to 8 weeks.
I'm more of an observer on the board recently, but still here every day for a peek. The blatant ramping and deramping by a few of the usual suspects here just irritates me, and i can't be arsxd taking part in discussions much these days. I do chat though to 4 or 5 of you guys here off platform so I'm still very much taking an interest in the company and sharing thoughts.
You're ongoing postings Stokey are as informative as ever, and much appreciated too, as well as the postings of some other regulars. Ongoing thanks to all you folks for these
I still also follow the activities around Belfast docks and it's good to see a bit more activity here recently, particularly after a spell of very little in the docks for a few months. Indeed, activity in the coming week includes Jolanta leaving and incoming Ali Ka, Stena Edda and Commodore Clipper.
The next week or 2 will be interesting with potential FSS updates.
Good luck all, and particularly all LTH's. I'm hoping our patience will have been worthwhile.
The H & W Investors' Day in Belfast is Thursday coming (17th).
I've been to several of these previous events and found them to be very beneficial in giving me a better idea of where we are as a company, and more importantly, where we might be going as a company.
I believe however that this coming one will be the most interesting and informative ones to date with so much happening, and much more potentially happening at this time.
I've met some fellow posters from this page here at these previous events, and indeed stay in touch with some of you too off page, but can I ask if anyone else from here is going next week too ?
Cheers for the nomination Stokey, but it's the Methil Investors' Day i'm going to on the 15th Sept, not the AGM.
I've been to 2 previous Investors' days in Belfast, and this will be my first time at Methil, so im looking forward to seeing what the craic is over there in Scottyland.
I'd recommend anyone who can make it to these Investor days to definitely go. You get a lot more from these going yourself than you will from feedback from myself or anyone else.
TTNY
I didn't need to know that Roly. I'd rather be on the river Moy with some shrimps and a rod, than in Methil counting big metal whirley windmill jackets. Tight lines though pal !
I know what you're saying with the share price here. I'm refusing to get excited or concerned over daily 4 to 5% rises or falls (even +/- 10% ones too). Most of the time there's no logic (that can be seen) for this level of volatility.
I'm still of the belief Harl is gonna go belly up, or absolutely take off. I'm less concerned about the belly up in the short/medium term though, now that we have the debt facility and the bigger contract work now confirmed and starting.
TTNY i don't see this share price as in the 12p to 20p range. We'll still be very much here as a company, I just see it at 4p or 54p in 12 months time.
Just my own thoughts and obviously dyor :-)
TTNY
I've just booked my place at the Investors' Day in Methil on 15th September.
Out of interest are there any of you guys going to this event too ? (I'm aware of 2 other posters from here going so far).
With the recent Appledore event being cancelled I'm hoping there's sufficient numbers going, for this event to proceed. I've been to 2 H & W Belfast Investors' Days and can't recommend these open days enough. I've certainly gained a lot more knowledge and information from attending these events, and I've found them very useful in both building my confidence in some areas of the company, as well as raising concerns in some areas too.
We keep seeing comments on various share bulletin boards of 'do your own research' (DYOR), and this certainly has to be on of the best methods of doing it. Seeing the whites of someone's eyes is one of my preferred personal methods of research, lol.
Hope to meet a few of you guys here.
TTNY