Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Garonne ref 07.53 post a very even handed accurate report.
The BBC's is a much more balanced article, but I can't help thinking that it has been written solely with protecting Kevan Jones' reputation. Basically, it portrays Mr. Jones as making "valid" enquires, rather than conducting, for reasons very much unknown, a witch-hunt against HARL.
You might want to ask yourself.
Has the United Kingdom become such a corrupt sesspit, that the BBC would "utilitised" for such ends? Hmmm....?
GLA
And that's Cesspit.
Sorry, my phone screen often freezes due to the adverts and I can't check what I've written before posting
You also may want to ask yourself, what is the risk of H&W failing and the TP having to step in a bail them out. In a risk matrix they've got a 5 all over them for every KPI.
It is balanced, but it's ridiculous that all of this is playing out in public. Talking about "recent" financial accounts for the year 2022. We've yet to publish 2023 accounts.
I am guessing certain people didn't like the government's response to the parliamentary questions, which was often that they won't comment.
I agree Stokey. I think it's very informative as it succinctly explains how H&W have got to this point and what the current situation entails. John Campbell is a good, impartial journalist. Let's hope the government see sense and back Harland's loan application. I think the prospect of creating many good quality jobs in Northern Ireland for the long-term will convince the Treasury to back the deal. Northern Ireland needs political stability and a successful shipyard providing well paid, skilled jobs, would help achieve this.
They need well paid and skilled jobs that are sustainable. Political stability is about 100 years away if ever.
Might we be long past the days of "impartial" journalism?
The world changed with the political/media class response to COVID.
Our "betters"ride roughshod over market economics and news manage their corruption and ineptitude using the "trusted" news media!
A few days ago I said that we were about to witness the "Mother-of-All" Tree Shakes. Methinks the Axis of Evil overcooked it with multiple news stories, instead of sticking to the "not so trusted" Times. Events then spiralled out of control, and we are where we are.
If the aim was for well-loaded PIs to sell cheap. It worked in a few cases, but the majority of us held firm.
Then again, if the real story behind this is, that the government has decided to ditch our two Aircraft Carriers in an age of drones and hypersonic missiles, we might have genuine problems!
GLA
The article is looking at where the business was 2 years ago. Using financial details from 2022 so backwards looking info. Ignoring the growth achieved in the 2 years where they've won significant contracts. Ignoring £200m revenue to be achieved this year. And then using current situation acknowledging ramp up phase leads to profitability. It also ignored the business has large order book compared to where they were 5 years ago.imho
Onto the next article lol
Consuela.....and risk management is that simple. Talk to any decent risk professional and they will tell you that risk matrices are for dummies.
The weekend will allow the situation to calm and help us all assess exactly what is happening.
Let's look at the facts.
a) the company is on target to achieve revenue growth in excess of 100% vs previous year, which in itself was in excess of 100% vs previous year.
b) £200m of revenue brings the company close to eliminating cash burn.
c) the four production facilities have been(being) refurbished with new state of the art machinery...with a value(cost) in excess of £125m
c) Appledore purchase of freehold completed.
d) order book of £1bn
e) defence spending undoubtedly has to rise and the navy, according to numerous knowledgeable opinions, is way below conflict fighting strength
f) other major shipyards have significant order backlogs
h) the government are committed to peace and prosperity in NI
i) the government have championed shipbuilding as part of levelling up as it directly impacts high unemployment communities
j) the company has an existing, if expensive debt facility until end 2024
k) the government cannot be happy with ISSG for awarding a contract to France
l) significant advanced work on the FSS ships build has been made
Sometimes, it good to see the wood for the trees. Clear the air.
Whilst the BoD have not covered themselves in glory on this. Have not updated shareholders on the business model for a ferry business...For the life of me, I cannot see why so called balanced journalism did not paint a full picture about the rebirth of this once great shipbuilder in a once great industry. It suggests to me a specific intent to focus on a particular negative, all be it an important one, ignoring the ramifications for so many young people who have finally found a future...and a damn good one at that.
If you want peace, as the saying goes, prepare for war! On that alone, we need HW and we need these young people to be able to build ships.
Lottie123 - I have just read your post made earlier today & it sums up the situation better than any other posts in recent days.It was brilliant.Thank you. PS Would have made a great press release.