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John WoodStatus is onlineJohn Wood• 1stCEO at InfraStrata Plc. H&W (Belfast) Ltd8m • 8 minutes ago
'Good to see our first vessel alongside the Newquay Yard quay in Appledore, looking forward to getting the first vessel up the refurbished slipway.'
https://www.linkedin.com/feed/update/urn:li:activity:6732740852021510144/
Brilliant spud the plumber !!!!!
https://twitter.com/Harland_Wolff1/status/1326957141845041162?s=19
We are delighted to announce that we have welcomed our first client, albeit unexpected, in Appledore- here it is on our Newquay berth.
I reckon this is the vessel (local company)
https://www.keynvormorlift.co.uk/vessels-equipment/sarah-grey
Does anyone with local knowledge know is there any difference between the Appledore Shipyard and the Appledore Port. The latter is shown on VesselFinder but with no ships in port.
It was Sun, Sea, Sky
Remember if the star was one of the 3 sisters.....H&W might have done the fit out?!
https://www.marineinsight.com/shipping-news/viking-star-becomes-worlds-first-cruise-ship-equipped-with-covid-19-testing-lab/
Port To Port Podcast
John Wood - The Journey to becoming CEO of Infrastrata, Year 1 of Harland & Wolff and The Future for British Shipbuilding (#1)
'Was good to join Gordon recently on his new podcast talking all things Harland and Wolff, whilst we are all in these Covid times it’s really good to see new initiatives like this coming through'
https://www.linkedin.com/feed/update/urn:li:activity:6732577530114572289/
Edit: I am now showing 'Strong Buy'
Missed this one yesterday. Nice to be in the FT.
https://www.ft.com/content/65e38147-003a-4e2e-ac6d-1e072e1447be
Thanks spud,
I think it is clear that H&W has been split into "mini companies", so break even on dry dock though great is not break even of H&W, probably the reason for the drop today.
I am very encouraged by the bidding and also the effort to get the ML, This is going to be a very valuable company one that I want in my portfolio for a while yet.
Wont stop me adding to my holding tomorrow though Si
Si,apologise there thought it was paid for
"they didn't spend 6 million for no reason"
Bubble, they didn't spend anything. Payments were defered til FID.
Tango ,very try plus the gas terminal they have at Barrow ,they didn't spend 6 million for no reason imho ,offshore there is approx 600 wind turbines ,there's enough land next to terminal to accommodate repairs etc,an opportunity to buy in low atm .
Lottie123 In relation to your 15.03 I note that at the roadshow yesterday JW said that when asked by both the PM and the local MP about jobs at Appledore he has told them that they need to provide the contracts first. It was stated that no jobs would be hired unless there is the work for them. I do not detect from anything I heard yesterday any intention to spend money recklessly.
Stokey12....yes, i agree, Appledore bought August but 8 think the curve of costs incurred did not start until just recently. I would guess it has accelerated sharply over last 8 weeks and will continue with the several hundred hirings early 2021. This is a gamble on the UK government coming through. Whilst I believe they will, its a gamble nevertheless. On that basis, the share price can only drift as costs mount. Concrete, profitable business of significance is needed. Until then, nothing can be done.
I think our best hope is wind turbine contract this side of Christmas, FSS Spring and we have just loaned money to a country to build 3 ships and UK build the first one (forgot the country), lots of MOD maintenance work also to bid for.
Then there will be the fishing vessels and support ships for border patrol and servicing turbines, there is a lot to bid for and two empty yards is a positive to potentially win a couple.
Chrisatrdg In relation to your 13.41 post I think that the share price has not moved because they are still studyng the presentation and Q&As. I agree with you about he timing of the major contract but would not be surprised if we get something this year. I remember that JW looked at the CFO in relation to one question as if to ask what can we say so they obviously were aware of something but did not want to say anything yet. Some AIM CEOs would have been waxing lyrical last night so it is a credit to JW that he kept quiet on confidential information. Having said that I think because he did not the analyst could not work out how much revenues would be going forward. It would be interesting to see how many of the new ship builds INFA does get and what the contract sizes are.
I think waiting up to 6 months for a major contract is way too long, wages must be min £1m a month then there is running costs, empty yards don't pay the bills. We need something substantial within the next month AIMHO.
I believe that todays SP reflects a view following yesterdays presentation that the ML is at best 1st or 2nd Qtr next year if so the current SP reflects H&W both sites & we can build from now.I see more vessels soon & a major (RNS notified) contract 1st Qtr next year based on my view from last night.All to play for.
Any more thoughts shipmates?
https://eminetra.co.uk/british-shipyard-owners-look-beyond-shipbuilding/92580/
Link to similiar story published in the last half hour
Sorry can't post link
All these black trades are buys, yet sp drops!
Stokey, BlairPeach is often unreasonable, which is why he's on my filter list :)