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Hi stokey12 I am abroad at the moment can you check with the NI Judicial Office to see if there is an update on the possible JR appeal. Regards Chris
I am guessing that those who brought the case would have it on social media if there was an appeal on the last day. The judge was quite clear as to why he did not allow the appeal. Conclusion no appeal put in.
Morning all from Lanzarote. Fingers crossed for today & that there is no JR appeal. Hopefully if no appeal the SP should start to improve. Regards CM
Hi All - I have read all the posts this morning & todays RNS also looked at recent 'media' communications & have concluded that it is now 'Time to be positive' with regards H&W's future.
John Wood & his team have clearly been busy in recent months & clearly that would not have been possible in terms of looking to open up new income streams if they were not confident with their current cash flow position.
I will stick my neck out & say I am confident that there will be a re-rate in the SP before year end which will take us back where we should be.Regards to all.
Harland & Wolff Harland & WolffHarland & Wolff 29,066 followers29,066 followers 1m • 1m •
'This week Harland & Wolff CEO John Wood, CSO, Oliver Morton and Group Director of Government & Corporate Affairs, Ben Murray, travelled to the Isles of Scilly to engage with local residents and businesses to understand their priorities for future sea link services.
The input and feedback from locals have been overwhelming and invaluable as Harland & Wolff develop its proposals to operate ferries to and from the Islands.
The visit followed news of the Council’s Soft Market Test (SMT) for this route and will help ensure that the company’s proposal is co-designed by locals, enabling a service that best serves local people and businesses.
The SMT is the first step in competing the route, which would unlock £48.4m levelling up funding to build new vessels.'
http://www.linkedin.com/feed/update/urn:li:activity:7113077408215220224/
Edit: Clearly H&W are going for this.
I have today topped up showing confidence in H&W's future Buying 14,466 shares at 12.094 lets hope my confidence is well founded.Recent visitors to H&W certainly strengthens it position in the world if not the current SP.
Hi Lottie123 As a fellow attender at the last AGM I agree with your comments & as I have posted before I thought John & Arun were quietly confidence. Time will tell. Regards CM.
Bean Counting not sure what your agenda is but clearly it is not to support H&W.I have attended two AGM's & followed a number of investor events.In addition have spoken one to one with John Wood & he has said on many occasions that there will not be a fund raise referring to this year & I would say next year.At some time all companies need to raise funds to expand the company but this as I see it not something for now or in the near future.I note you first registered in August 2023 so not sure where you have come from.
Following todays investors event I feel that for the first time I do believe that H&W shareholders on on the cusp of real shareholder value.Very positive event & both John & Arun sounded comfortable in where the company stands today & with its future but it is all contingent in getting the new finance deal through.
Cruise & Ferry Cruise & FerryCruise & Ferry 26,374 followers26,374 followers 1h • 1h •
'Maritime engineering companies and shipbuilders like Harland & Wolff are working with the UK government to develop a strategy for making the UK a one-stop-shop for cruise ship refit and repair projects.
“By identifying the barriers to doing more cruise work in the UK, we can work together across the industry and with government to overcome them. Adopting this approach and creating a global centre of excellence would mean that work that is happening overseas can be completed in the UK," said John Wood of Harland & Wolff.'
#shipbuilding #cruiseindustry #uknews
http://www.linkedin.com/feed/update/urn:li:activity:7108463383535841280/
Edit: Just further evidence of H&W's progress we just need the SP to catch up.
Hi All - The following is the link to H&W's news page where they have released todays news also you will see JW's speech at the event last night.It is possible we may get an RNS latter today or Monday.This is something to discuss at the investors event Monday evening.
PS Looks like from recent SP movement the market have spotted the news.
http://www.harland-wolff.com/news/
I agree stokey12 & Xenor & I have posted just that on LinkedIn.
Observation: With so much activity surely the SP has to move soon I for one expect positives updates by the end of the month.
Team Resolute Team ResoluteTeam Resolute 154 followers154 followers 41m • 41m •
📹 See here #FSS evolved design unveiled at #DSEI2023 BMT Harland & Wolff Navantia UK Defence Equipment & Support (DE&S) Royal Fleet Auxiliary
http://www.linkedin.com/feed/update/urn:li:activity:7108425962085568512/
Edit: Great clip.
Last para:
Fredrik Hellström, PhD, CEO of Echandia said: “We are excited and enthusiastic about the partnership with Harland & Wolff. We firmly believe that this represents a significant step towards securing substantial business opportunities in key markets and emerging segments. Together, we are laying the foundation to further enhance our offerings to customers and contribute to an emissions-free maritime industry.”
#LISW23 National Shipbuilding Office #Maritime2050
Harland & Wolff Harland & WolffHarland & Wolff 28,551 followers28,551 followers 12m • 12m •
'Harland & Wolff Technologies (HWT) has today announced a new partnership with Echandia, the Swedish energy systems supplier.
The partnership, announced during London International Shipping Week 2023, will see HWT work with Echandia on the development of its battery technology, helping to increase the capability of the batteries and scaling the technology for new vessel types.
The partnership gives H&W exclusive distribution rights for battery sales in the UK, Ireland and Australia for the maritime sector. HWT will also establish a UK assembly line for the battery systems and provide in-service support for installations in field.
This agreement builds upon the recently announced consortium between the two companies to develop and build zero emissions harbour and coastal tugs, alongside Macduff Ship Design Ltd. and Kongsberg Maritime.
H&W Technologies was recently established by Harland & Wolff to drive forward the development of new technological solutions for the maritime sector. These include batteries, future fuels and systems integration as well as the provision of in-service support.
As the maritime sector transitions to low and zero emission operations, vessel owners and operators are testing different propulsion solutions for different segments within the sector. Batteries are being deployed today for all vessel types, incorporating fully electric and hybrid solutions.
Echandia works with the world’s largest shipyards and system integrators to equip new and retrofit vessels with batteries for hybridisation, full propulsion, and increased energy efficiency. Echandia has successfully deployed its battery systems in the ferry, naval and workboat sectors.
The Echandia battery system is an air-cooled, lithium-ion battery system, certified for maritime heavy-duty usage.
With its robust construction and high performance, Echandia’s battery systems are ideally suited for applications that require safe operation over a long lifetime.
John Wood, CEO of the Harland & Wolff Group of Companies said: “We are delighted to announce this new partnership, which will see Harland & Wolff Technologies working with Echandia to assemble, integrate and test the next generation of battery systems for the maritime sector.
“We are committed to developing and bringing to market the best possible solutions for our customers and this partnership will enable us to do that on batteries across the commercial, leisure, offshore and defence industries.”
Fredrik Hellström, PhD, CEO of Echandia said: “We are excited and enthusiastic about the partnership with Harland & Wolff. We firmly believe that this represents a significant step towards securing substantial business opportunities in key markets and emerging segments. Together, we are laying the foundation to further enhance our offerings to customers and contribute to an emissions-free maritime indus
Good find Kaeren - JW's comment as follows:
CEO Harland & Wolff Group Holdings PlcCEO Harland & Wolff Group Holdings Plc
39m • 39m •
'It was my pleasure to host Joe Kennedy in our Belfast Yard today at the start of the Northern Ireland Investment summit. Great conversation on shipbuilding and our gas storage project in Islandmagee, a project that is needed to keep the lights on in Northern Ireland!'
Joe Kennedy 111 's comments:
'Delighted to start my third official visit to
Northern Ireland in East Belfast. Excellent
discussion with @HarlandWolffplc about its
cutting edge work in advanced manufacturing as
well as its recent contracts that safeguard high
value jobs in the sector.'
£1bn of EU funding for Northern Ireland to be announced by Taoiseach Varadkar will be joined in Belfast by EC chief Sefcovic for statement today
http://www.belfasttelegraph.co.uk/news/northern-ireland/1bn-of-eu-funding-for-northern-ireland-to-be-announced-by-taoiseach/a570769853.html?h
Edit: This has to be something H&W could benefit from.
Hi LSEO3 - Great post & I have retweeted the tweet & commented on the impressive stand.It is a pity that the current SP does not reflect the likely future for H&W.
Newry ship outfitting firm announces $150m new work as it creates 100 new jobs
https://www.belfasttelegraph.co.uk/business/northern-ireland/newry-ship-outfitting-firm-announces-150m-new-work-as-it-creates-100-new-jobs/a1685935433.html
The link below takes you to the page within the Annual Report & Accounts relating to IM & should be regarded as the latest on the IM FID
http://www.harland-wolff.com/annual-report-2022/#annual-report-2022/22/
Edit: At the last investors meeting in London I deduced that the value of IM with a positive JR outcome was a number of multiples of its current investment which on the 31st December 2022 Balance Sheet, under intangible assets, is £10.4m so a modest value would be £30m.I am guessing that is at things are without the costs & value of bringing it to market.
PS: I think the word used was 'many multiples' of current invested amount so my x 3 is likely modest.