The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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An Appledore page has now been added to the H&W website:
https://www.harland-wolff.com/appledore/
Si_Derman In relation to your 11.22 post when speaking to your mate can you ask him what the local plan says about the land around Appledore shipyard.
Hi Si, re your 11.22 - Sounds promising that, - a mate on the local council - and brains toboot!!
Wish we had a few round here!!!!.
Wrong geology I believe.
And Nimby's are everywhere, Longlad.
Just takes the someone to want to do something where others don't want it done.
Hi Si_Derman
Just doing a wee search of the area, how is that neck of the woods for salt caverns/nimby’ers?
There is the Beer Quarry Caves in Devon.....maybe JW is sourcing a new site
Drango In relation to your post of 10.20 as the 29 acres was in the assets that were bought as part of the purchase of Appledore they no longer own the land INFA does. This begs the question what will INFA do with it.
I'm local, well 15 miles South down the coast a bit. Was working In Barnstable yesterday and this morning and can see the yard as you drive over the Torridge bridge out of Bideford. Know the site well as I used to get sand from the site next door.
If you saw the amount of new builds in the area of Appledore, Northam and Westward Ho! any parcel of land is being developed at an alarming rate. I had to call in to look at a job in Westward Ho! on the way home last night and saw a load more new houses that were not there a few months back. There are also some large developments springing up in the local towns of Bideford nd Barnstaple.
Appledore itself is a very desireable location and as such property can get a decent price.
I have a mate who's on the local council so I will pick his brain next time I see him. :)
Stokey 12, the Langham family were (maybe still are) the owners of the the land. They were very keen on keeping it as is. The Atlantic Array Windfarm was on the agenda for a number of years and finally was refused permission to go ahead.
A very large area is required for the lay down area for the transition pieces used in Windmill construction.
I'm sure if a more suitable area was found for a Wind Farm in that area HW Appledore recources including land would be in big demand.
TheEast - Thanks for your post of 08.54 are you near the Appledore site? I find the presence of such a large plot of land we are talking about land the size of about 29 football fields interesting. I do not believe it should just be left there as a non performing non core asset.
Morning All,
I wouldn't get too excited by possible development potential. Values in this part of the world are low, likely that much of the land is heavily contaminated and therefore expensive to develop, is (hopefully!) next to a busy shipyard and in an area typically devoid of decent employment opportunities.
It is also very possible that the land has an overage, so if residential development is realised then a chunk of any uplift in value goes to Bab****.
For me, the land is far more valuable as a shipyard and its associated facilities!
Cheers
TheEast
drango In relation to your 13.18 post from yesterday as the land is 29 acres it certainly has a significant value so the question is what to do with it. From this page https://www.newsnow.co.uk/classifieds/plots-land/waterfront-land-for-sale-uk.html it would seem that the land is worth a fair chunk of what INFA paid for Appledore. It may be possible to do a development at a distance from the shipyard.
Good find!
Longlad In relation to your 07.20 post I agree I note that the first two tweets are from one former and until next week one current government minister.
https://twitter.com/infrastrata_plc/status/1298862911406964739?s=21
I was just reading this article https://en.wikipedia.org/wiki/Appledore_Shipbuilders and it made me wonder how come Appledore was not more profitable? I hope INFA can suceed where others have appeared not to.
If / When we get our waters back, There will be a definite major increase in UK fishing, so the domestic market for Appledore in its very strategic position to the fishing villages will be a goldmine.
Prime Minister Boris Johnson has said Devon’s newly reopened Appledore Shipyard has a bright future as a centre for “green” shipping and even hinted it might receive Government contracts as part of a plan to make the UK a “shipbuilding superpower”.
The Tory supremo, in a visit to the Devon facility, stressed reigniting the ship-building industry at the yard, which has had chequered history, would not be easy, but the Government and its new owners were “very determined”.
Just Google:
Prime Minister predicts UK can become a 'shipbuilding superpower'
Loosegoose - In relation to your 13.22 post I did try and register but it would not let me as I am a retail investor.
Could certainly fit a few Cavens on that footprint if the geology is good :-)
Yes your right , I overlooked that point
Couldn’t agree more drango, but value will add to any future funding requirements .
Off topic, hope that’s the end of 30,s
Stokey, it is free. You need to register once on the Cenkos page and then you have access to all reports. This is the 3rd one. The first was the most comprehensive and well worth a read - 40+ pages if I remember correctly with details of weighted project pipeline by segment etc. Well researched. I am not able to share it.
Pacman, shipyards and expensive apartment blocks/marinas beside them don't mix .and hopefully will never see the light of day