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Status is onlineJohn Wood• 1stCEO at InfraStrata Plc. H&W (Belfast) Ltd 8h • 8 hours ago
'As the UK ramps up its efforts in the renewable sector it’s great that our Harland and Wolff ( Belfast ) yard is production ready having undertaken work in this sector previously.
Having the largest (by far) dry dock in the UK will be a massive advantage as the industry progresses to mega floating structures.
Congratulations to our partners Navantia and Windar on the Kincardine project, we look forward to winning our first project in this sector.'
https://www.linkedin.com/feed/update/urn:li:activity:6722745931265019905/?commentUrn=urn%3Ali%3Acomment%3A(activity%3A6722727769559592962%2C6722745868665004032)
Does anyone have any idea if the fabrication hall at H&W is busy?
This is the lowest volume trading day for a very long time. Buyers and sellers both sitting on their hands today.
Are the market makers doing their jobs as this is now three days with pitiful low trading volumes. Anyone would be forgiven for thinking they have run out of shares.
We all have seen what kicking the can down the road does, and to be fair covid is a good barometer of worse case and if we get through this we can get through anything. WTO are far more relaxed than the EU and your Airbus subs is a perfect example of how we follow the rules (Being British) and the rest of the EU do what they want.
Tango1 In relation to your 10.17 post I am not sure that you are correct. No10 appear to be rolling back on the 15 October deadline. Also in relation to stage aid I think that teh UK will be restricted by WTO rules as to what state aid can be given as can be seen by the long running saga between the EU and US over subsdies to Airbus ad Boeing.
Break over back to my meeting.
If Boris walks away today, he will be able to give state aid to whomever he wants under whatever classification. Giving state aid before would have obviously rattled the EU into action. Interesting next few weeks to come. IMO
MajorT, In my opinion we are gearing for a perfect storm and don't think it will be a case of getting in when it starts as when it does I think it will be major. AIMHO
Exciting plans. Means a lot coming from someone like JW. He's not the type to hype up prospects without foundation.
If he say we have exciting plans, I am excited. Just hope the market can get excited about INFA too.
Thanks Tango.
Spoke to someone re- Appledore yesterday and they were saying that wind-renewables has been definately been spoken about at high levels as regards work for the yard. Also fishing vessels for the Faroe Islands and support ships for Iceland and Ireland. Some of these had been talked about before the yard closed so not sure how much weight they carry. But, smaller craft were talked about when we took over as possible work streams.
Regarding the Atlantic Arry, the original proposal was scrapped some years ago due to opposition but there was renewed interest back last year with proposals to move it further west and North into deeper water beyond Lundy and out of shipping lanes.
For TTNY's benefit that translates to floaty, floaty wurley things. ;)
Laters, late for work.
It really does show how close to the edge the UK is running regarding energy supply, and we are not in winter yet..
The national grid has warned of short supply over next few days due to low winds.
Morning Si, the Tweet Basically said that wind farms still need gas backup for energy.
If I may politely ask if you are going to post about a tweet/linkedin could you please include the message as some don't have access to such platforms.
Cheers
Wind farms also need support ships to service them .
Just saw this tweet from INFA https://twitter.com/InfraStrata_Plc/status/1316613989510590464
https://twitter.com/Harland_Wolff1 - see below:
Harland & Wolff RetweetedTitanic Foundation@TFL_Belfast·5h
'SS Nomadic, the ship which took passengers to RMS Titanic from Cherbourg Harbour, is undergoing restoration works this month which will be carried out by original builders Harland & Wolff, who completed the ship in 1911.'
Full story >> https://bit.ly/3jWSTGw
#MaritimeBelfast
'Great day in Belfast with the team and touring the yard with guests. It’s great to demonstrate how far things have come in a short period and talk through our exciting plans as we continue to grow.'
https://www.linkedin.com/feed/update/urn:li:activity:6722232092924645376/
Thanks for your reply Stokey. It's an interesting last point you make and to me would demonstrate the type of bod we have. Like others said, I think JW is here to create a monster of a legacy, and not for short term money making off our backs. Will be very interesting to see at what point dividends are declared as to answer that question. Re Instagram, I refuse to use it. Maybe coz I'm getting on a bit, so il stick to twitter and hope others too will share any insights from it. Finally, I'm starting to get quite excited about the wind turbine potential having had a couple of days to ponder. Good luck all and let's hope for a juicy rns at 7am!
Hi Lottie, regarding your 14h32 post, despite currency moves, let us remember that the countries you refer to also offer very large state protection schemes to increase international competitiveness. If they decide to go for something, then they go for it and nothing stands in their way. Companies from the West can’t compete and need to find niche offerings - unless the government can find ways to help within the myriad of self imposed legislation.
I am not on Instagram so this tweet is not much use. If anyone is on instagram can they update. https://twitter.com/Harland_Wolff1/status/1316350621956689921
The Chinese Yuan has been hitting 12 month highs recently and the government are doing all they can to restraint it. It would be a blessing if the Chinese, Korean and Japanese currencies could make much higher ground, say 10-15%. This would immediately put H &W in a stronger pricing position. I will update if further signifcant upside is achieved.
Given the global perspective of this article, it's nice to read the following in this industry publication (H&W are at #5 in the list):
"The other major shipbuilders have experience and goodwill, both of which are important in this industry. For instance, the shipyards of Damen (Netherlands) and Harland & Wolff (Northern Ireland) enjoy enormous goodwill amongst prominent ship operators and continue to be the sole manufacturers for some established shipping lines."
https://www.marineinsight.com/know-more/list-of-major-shipbuilding-companies-around-the-globe/
That's what you want as a new MD when you're trying to rebuild a business that's been on its knees.
Sorry...at the end of my piece on dividends, it should read...would be seen as foolhardy
I think estimating a penny per share dividend is about right given AIM stocks yield around 1.5%, FTSE 250 2.5% and FTSE 100, 4%. As for the merits, a dividend should only be considered for payment if the current revenue is expected to be maintained or increase. Its always a sign of the managements confidence in the future prospects. I concur with the general consensus on here that self funded growth is the key at this point and with potentially significant capital spending requirements on the horizon (fingers crossed)...paying a dividend would not be seen as foolhardy.
As for light volume, I see our large seller has been in evidence again. It remains to be seen if he is content to sell in days of significant demand or, if we have several low volume days, he pushes on and forces the share price lower. I notice from the charts that we are in a slightly ascending wedge formation with significant support at 36 and resistance at 42. For now, with the absence of solid financial information, we should stay within that range. A close below (36) or above (42) would induce me to act. Reducing on the former and adding on the latter.