The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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For those who prefer LinkedIn her is the same story posted on LinkedIn https://www.linkedin.com/posts/harlandwolff_windpower-windenergy-renewables-activity-6828713364584198144-Y6Pi Nice backdrop.
Just seen this tweet https://twitter.com/Harland_Wolff1/status/1422948530142973953 This raise two questions what is meant by a comprehensive site visit and two why would one be done. If I was a betting man a fabrication order might be heading Belfast's way.
TTN Re your 17.52 post, I always considered IM to be the jewel here, much of the financial benefit was around buying cheap and selling into the network as prices rise, as well of benefits of strategic storeage. I not aware of any shipyards that have turned a profit without government support
I'd agree with BP, definitely fo the hop hop off bus tour. Belfast is a very walkable city so try and stay some fairly central and you won't need any buses, taxis, etc. Titanic hotel is lovely, another option is the Europa hotel, famous as being the most bombed hotel in Europe (safe enough these days now). Both are reasonable enough as long as you book them a little in advance.
Some great bars inc The Crown and Kelly's Cellars (for the fiddly dee music).
Crumlin Road Gaol is a good tour although busy, so advise booking this before you go over.
The glass dome at the top of the Victoria Centre gives a great view around the whole city and free too.
If maritime floats your boat (soz, lol) then there's the HMS Caroline tour and also the Nomadic tour. Nomadic is a tender that was used for the Titanic and is permanently moored now in the Titanic quarter area of Belfast.
St George's Market is also a nice way to spend a few hours and they have live music there Saturday and Sunday.
If you're here for a few days or travelling outside the city I can give you a few more ideas if you want.
oldtramp ref 09.49 post As the document is 118 pages long I will read it this afternoon as I have a 11am meeting.
stokey12,
From my recent visit to Belfast, I would highly recommend the city.
If your budget stretches to it, stay at the Titanic Hotel. It is located in the former drawing rooms of H&W and is a museum in itself, you can spend hours wandering around and getting a sense of the history of the company and shipbuilding in general. From there, you can walk around Queen's Island and get an idea of the scale of the yard and how busy it may, or may not, be. Shamefully, we did not have time to visit the Titanic Museum, located right next door to the hotel. As far as I am aware, there are no public tours of the H&W yard itself.
Belfast has some great bars and restaurants and a really lively vibe. I can also recommend the hop-on, hop-off bus tour, which has a stop right outside the Titanic Hotel. From this, you get a decent overview of the troubled history of the city.
You can even walk from BHD airport (into which BA flies) to the Titanic Quarter, should you be so inclined!
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1004563/low-hydro-stream-1-guidance.pdf
Page 5 amongst others clearly mentions Hydrogen storage
The Low Carbon Hydrogen Supply 2 (Hydrogen Supply 2 or HYS2) competition is to support the development of innovative solutions for the supply of hydrogen. Hydrogen supply solutions include hydrogen production, storage, transport technologies and technologies that could enable hydrogen to supply a wider hydrogen economy. For the hydrogen economy to grow, potential users (in any application) need to be confident in supply of sufficient volumes of low carbon hydrogen at a competitive price.
I am thinking of visiting to use a BA voucher from having to cancel a visit to attend the roadshow earlier this year. Does anyone know does the Titanic Experience include a tour of H&W. Also anything else I should visit.
Oldtramp,many thanks for links my friend will read through them later
Ta again OT for posting these links . The kettle is on again for another cuppa and some more reading.
This is my thought on your questions TTNY
SSE report on how Uk can reach net zero without breaking the bank Hydrogen figures quite highly
https://insight.lcp.uk.com/acton/attachment/20628/f-d32a3b26-13a3-4334-9d7f-0cb5634e5b9d/1/-/-/-/-/Net%20zero%20without%20breaking%20the%20bank%20-%20LCP%20SSE%20report%202021%20.pdf
Page 13
". Hydrogen storage is
assumed to take the form of salt cavern storage, which is estimated to
be around 6 times cheaper than above ground storage"
Then we have SSE building Hydrogen storage in salt caverns
https://www.energyvoice.com/renewables-energy-transition/hydrogen/337069/sse-equinor-hydrogen/
Last but not least we have SSE this week mentioning Ireland and Scotland
https://www.energylivenews.com/2021/07/28/sse-renewables-and-siemens-gamesa-forge-green-hydrogen-partnership/
Islandmagee is the only salt caverns i can find in Ireland if they continue on same route as above.
They also have quite a bit of cash now !!
https://www.google.co.uk/amp/s/www.energyvoice.com/oilandgas/340663/sse-finds-buyer-for-sgn-stake-in-1-2bn-deal/amp/
I'm still curious what the monetary value would be if Infa did decide to sell on the opportunity of Islandmagee to another party. There's probably 3 prices though.
1. With planning consent declined.
2. With planning consent granted (with conditions)
3. Full planning granted to proceed.
My ideal scenario is that Infa are very much involved in taking this forward (and the subsequent financial gain), but could JW maybe have had enough of this ongoing IM saga and want to get some capital into the yards to move these forward with working capital to compete for the bigger contracts without the guarantees needed ? I'm wondering where he might see the bigger opportunity or is it possible to keep all these balls in the air simultaneously ?
Time will answer this one.
You are welcome TTNY i guess if IM gets permit from DAERA it could start work and change of use applied for in the interim
anyway guess we will find out more from UK gov re Hydrogen strategy maybe this week ?
https://www.spglobal.com/platts/en/market-insights/videos/market-movers-europe/080221-uk-hydrogen-eu-gas-storage-winter-oil-results-carbon-prices
Many thanks for that OT. I can't believe i missed reading this document. I had it saved to come back to, but for some reason didn't. Gonna get a cuppa here now and my head is down for some reading.
Hi TTNY
Have you read this report ? I think it makes it quite clear of the companies intentions on IM
https://wp-islandmageeenergy-2020.s3.eu-west-2.amazonaws.com/media/2021/07/06131913/Islandmagee-Energy-Transition-to-Net-Zero.pdf
Obviously the ML decision is still in the hands of the DAERA minister awaiting a decision, and goodness knows what the decision on that will be, or even when it will be.
Giving it some thought, that from when the gas storage application was submitted a few years back, the talk of all things Hydrogen has really taken off since then. Every other word these days in energy circles seems to be this hydrogen word. There's no doubt about it that hydrogen will be the future fuel of choice, however in the meantime the transition over to hydrogen will still require massive gas reserves and the subsequent storage facilities for the same.
I'm wondering several things though. If the ML application was originally for hydrogen storage, would this have had a greater likelihood of success ? I believe it would !
Now i know that gas storage caverns can be converted for hydrogen storage, but again, would we get a better outcome on the caverns decision if this was for hydrogen storage from outset ?
Now. If Infa were to drop the gas storage caverns application and re apply for a hydrogen storage facility for the Islandmagee site, could the same analysis data be used for this application or would we be going back to scratch and the long winded timescales ? I don't know the answer to this. Anyone here know ?
Equally, should the ML decision for the gas storage caverns be negative (or have excessive conditions), but make reference to the potential for hydrogen usage, would Infa want to take up this whole process again now having the other focus of whirly windmill and big floaty boat related stuff ?
If they did, great. If they didn't, what would the value of the Islandmagee site, the research and work completed to date be worth in the open market if offered potential buyers ? ?
Obviously, if Infa did decide to sell it on it, it would be worth a lot more with all permissions granted, but what would it also be worth if sold with the potential for hydrogen storage and a couple of the big hitters wanting to get in on this hydrogen storage market ? These big hitters might be prepared to do this with the bigger legal guns to pursue it and substantially deeper pockets to fund it ?
A sale might produce quite a few million pounds to the coffers and if the fabrication contract to H & W was part of the sale condition too, that would also provide a contract value well into the 10's of millions.
Just me having too much time on my hands and thinking out loud again.
Has anyone any knowledge on the Port of Methil or lives in the vicinity that they may see comings and goings there.
Looking at Vesselfinder website I see a vessel 'Ida' has docked there this morning.
I'm hoping there might be a load of steel onboard but some local eyes might be able to give more detail.
Thanks. TTNY
https://www.vesselfinder.com/vessels/IDA-IMO-8613358-MMSI-210319000
Just seen this LinkedIn post from H&W https://www.linkedin.com/posts/harlandwolff_the-main-yard-team-in-belfast-fitted-a-new-activity-6827873626252029953-tXPA
The post said
The main yard team in Belfast fitted a new floor covering to the Henson crane.
Our two Henson cranes that sit in the Building dock are 25m high and can lift 60t.
ref driftwood123's post 17.27 post of Saturday If as he says there looks like there is a new large build going into Appledore I am surprised that we did not have an RNS this morning.
Lottie123 ref 16.44 post true but it would depend on how wide the term Energy Company is drawn if it is drawn to include companies in the supply chain then INFA could be caught. We need to wait for the section 3 statement. Also it would depend on if IslandMagee progresses further.
Understood Stokey but any potential buyer wanting the fabrication assets could strip out any defence or energy within the company. Currently, INFA has nothing which would qualify, no defence or ML.
Lottie123 Ref 21.29 post The reference in my 13.27 post to the possibility of a Block of any takeover of INFA on National Security grounds is based on the provisions of the National Security and Investment Act 2021 which can be found here https://www.legislation.gov.uk/ukpga/2021/25/contents. While previously Defence Contractors have been taken over this new Act, which has retrospective effect, would trigger a referral to the Secretary of State who may then Call In the transaction.
You will see from Section 5 that the trigger event relates to the acquisition of a controlling interest in both a company and an asset. Apart from strategic Defence Contractors which may or may not include INFA one of the other sectors which would trigger an automatic referral is energy. In view of the penalties in Part 3 of the Act and in particular the Civil sanctions under section 40 I suspect we will see a lot of voluntary referrals.
Are you serious? Referral of a two Bob company when billion pound defence companies are allowed to be bought by oversees companies...really mad thinking.
Late trades from official LSE
https://www.londonstockexchange.com/stock/INFA/infrastrata-plc/company-page
driftwood123 ref 19.04 post thanks for that. Hopefully we will get something official soon. Judging by the way the shareprice has been going up looks like some people are expecting news.