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....the UK's shortcomings in its approach to the Covid pandemic were actually to stimulate a rethink on how we operate as a society and how we approach the running of our economy?
The bright light brought about by our deficiencies has to be shone into every corner, as it is a scary thought that whilst Covid-19 has been a deadly blight, it could easily have been even 10 or 20 times more deadly.
Globalisation has been in gentle retreat for some years, but this pandemic will accelerate the process massively. After all, its a natural human reaction. So, many countries are already looking to become more self sufficient and ours should definitely be one of them.
For the UK, that will be a very tall order, I accept, but they can start by looking at manufacturing in all its guises. I'm not old enough to remember this country as a manufacturing powerhouse and while we will never regain that mantel, as an island, we can start with shipping, offshore infrastructure etc.
When we have struggled to manufacture fairly basic PPF for our NHS, we simply cannot afford to let our manufacturing and skills base shrink further.
To be honest, these were not always my beliefs, but Covid-19 has proved to me its time to reset the UK's economic model as well as a H*ll of a lot else in addition.
Rgds.
B
A weaker current makes domestic production relatively more competitive - that is what I was trying to say. Add to that the trend in de-globalisation (started by the China trade war and accelerated by COVID) and the two factors come together quite nice to support the announcement.
The GBP has lost 45% of its value against the USD from the 2007 highs. Lost 30% against the Euro etc ..
To suggest that a lower GBP improves competitiveness doesn't seem to equate with what has actually happened.
Besides if a weak currency is so good for an economy places such as Argentina, Mexico etc.. would be doing tickityboo.
Too add lets you are are correct and a weak currency works wonders for the economy, as the govt come up with a plan other than debt, buytolet and house price inflation, then the currency will gain strength in a rising economy.
Exactly. Lower GBP improves competitiveness and also due to COVID many global supply chains are broken or at best under strong stress. The COVID shutdown crisis is diametrically opposed to globalisation - more local / regional.
Key message here:
“Having pulled the plug on the original plan, and with potential new U.K. players back in the fray, such as Harland and Wolff, the MoD would risk a very damaging backlash if it tried to do another foreign deal — and rightly so,” he said. “Buying on the basis of lowest cost is rarely the right solution for defense equipment procurement. The new world order that I see emerging elsewhere allows freedom to put national interests first. Thus for the U.K., the right decision on future solid support ships is that these vessels should be British-designed and -built.”
Harland & Wolff@Harland_Wolff1·9h
Our team are providing some emergency in service support to a ferry from Dublin Port. #key-workers
Edit: See photo provided
Agree goupplease. More and more is being posted on sites like LinkedIn. H&W has thousands of followers most who are in the industry and associated industries - very good publicity and many are excited about job prospects. As I said a few days ago, the light at the end of the tunnel is probably not an oncoming train! Now we need some extra professional advocacy to position ourselves to benefit from the 700m support package.
When people switch on to H&W this should really take off , lots have not switched on
1p is realistic near term .
On top we have the marine lience to come to boost infa , funding will follow ,
Boom
BP. You took the words from my mouth. Dare I say excitement is building for the first time in two years??!!
Wow, going to have to get a bigger chart. :)
Did say on Tuesady that we were due a bull ralley, acording to my charts.
Just hit .45, which is nice.
Obviously, with the dillution over the last year, .45 is huge.
Think the same Mcap to the c2p last January was .56p.
This is just the begining of I'm hoping will be a massusive re-rate.
IMO, Si. :)
Similar to the piece in the Belfast Telegraph that Chris... linked to on Tuesday, BP.
Though always good to read again. Thanks.
Think that last to one paragraph should read "underpinned by infrastrata", though, not infrastucture. ;)
Had to leave the tower I was working on to come home early to see what was going on.
Not that is wasn't due, imo.
Is a good day.
Directors certainly seem to think so given their hyperactive buying recently.
https://investegate.co.uk/Index.aspx?searchtype=3&words=infa
Agree, but less of a risk and far more potential...
Blimey, it's like 2018 again!
For the long term holders (people who were here when this was over 1p in the past) there was never any doubt really. Good to see a lot of positivity returning to the bb!
JW not happy with building a business, he wants an Empire LOL
This will go past 50 in no time , the director / family buys will soon double up.
Ml is like eu funding , it will come eventually,
Boris will be keen to get the UK working flat out ,
If we could get funding as well with h&w in play now 1p on the horizon
Yep pacman, google gave me the same definition ;))
Looking good today
Really nice price action recently, and volumes are creeping up as well.
I was disappointed - though not surprised - to learn about further delays regarding IM funding, but it looks like the market likes the H&W part of the business very much.
Nice article droderick :-)
Very interesting interview by Arun on Bloomberg. I like the shape this is taking.
Britain May Get First Floating Gas Store to Ease Reserve Crunch
2020-05-05 08:31:09.51 GMT
By Anna Shiryaevskaya
(Bloomberg) -- Infrastructure company Infrastrata Plc is
getting closer to order a giant ship that can both store and
regasify liquefied natural gas for a U.K. market lacking such
facilities.
The firm will decide on a floating storage and
regasification unit in northwest England in the next few months,
the company’s Chief Financial Officer Arun Raman said in an
interview. A consortium with two or three other companies,
potentially including independent oil trader Vitol SA, will be
formed this year, he said.
Just like in the oil market, the unprecedented glut of
natural gas has boosted demand for capacity to hold on to the
commodity for longer. Traders can’t store the fuel in tankers at
sea for long akin to oil traders because some of it evaporates
or gets used to propel the vessels.
That means greater demand for tanks onshore or in FSRUs.
The pandemic sinking consumption further has exacerbated the
need to store the fuel in anticipation of higher prices in the
future.
“Given what we are seeing in the LNG markets today, there
is clearly a need for LNG storage,” Raman said. “There is no
regasification capacity in the U.K. or in Europe at the moment.
Everyone is operating at over 100% capacity.”
At terminals across Europe, free capacity is running low
because not enough fuel is sent into the grids. That has created
a backlog of vessels that are waiting several days to unload the
fuel. Other European nations that are considering the FSRU
route, also as a way to diversify their supply sources, include
Germany and Greece.
Infrastrata’s project, which doesn’t yet have a definite
timetable for commissioning, would help accommodate a further
new supply coming from the Middle East and Africa in 2023-24,
Raman said.
Natural Gas Storage Tanks Are Filling Up Fast Across Europe
Infrastrata already has a relationship with Vitol after the
trader bought long-term capacity at its natural gas storage
project in Northern Ireland that will start in a couple of
years. Vitol declined to comment.
The company is also holding discussions with other partners
for the project at Barrow-in-Furness, which will have a capacity
of 5.5 million tons per year. They include another trading
house, a utility and an oil major, Raman said, adding that
Korean companies with trading arms have also showed interest.
“We have seen a lot of interest from trading houses who are
starting to bulk up on their LNG contracts,” he said.
I'm taking huge encouragement from these family buys.
Personally I don't like giving share tips to any friends. I'll take a punt with my own money but won't be responsible for theirs.
I definitely don't give share tips to family for the same reason plus I'm a lot closer to them.
Taking it a stage further, I under no circumstances would give a tip to anyone about investing in a company I was linked to as if it did go boobies up, I would feel even more responsible for their losses.
This is just me though.
To me though, seeing management AND family members investing, is a massive signal of positivity.