Market's view on Harland & Wolff
Published on April 2024
- Concerns were raised about a company being technically insolvent yet not declared bankrupt for a year.
- Stock watchers expressed frustration over the delay in securing a £77m investment, indicating that the process is imminent but slow.
- There is skepticism about the accuracy of the company’s financial reporting, with disputes over whether a £77m balance sheet discrepancy exists.
- The company’s stock position remains controversial, with discussions on the potential impact of mismanagement on share prices.
- Doubts were cast on the existence of advanced robotic and autonomous equipment reportedly bought by the company, with a stock watcher suspecting it has not been bought due to lack of financing.
- A £77m capital investment plan for Belfast and Appledore facilities was detailed, aiming for technological advancements in marine fabrication.
- There is a mention of ongoing work at the Belfast site, potentially having a positive impact if work schedules are maintained.
- Discussions about different financing mechanisms for the company, including long-term asset financing, suggest financial strategies are being evaluated to balance the capital structure for future development.