Member Info for Chrisatrdg

Clearly today’s RNS indicates that a funding deal is around the corner but clearly not yet. Onwards & upwards.

Hi wyndrum - I agree with you. Regards CM

Hi Wyndrum - I also am thinking that there will be a re-rate once we have the new finance package & I am hoping that we will go beyond 19p at best for now 25p. Certainly 25p & above after a positive JR result next year. Regards to all.

Hi thewonderer - I have already mentioned refinancing today & posted it in reply to Ben Murray.

Hi Lottie123 - As someone who also attended the investment meeting earlier this year & this years AGM I note your comment this morning 'A little more patience needed.' I was wondering what your views are with regards the awaited 'finance deal' as to if it will be this year or do you see H&W missing another deadline on this matter & completion early next year.Regards CM.

Hi Kaeren - Good synopsis of the current situation with regards the anticipated finance package news - dotting of the I's & the crossing of the t's sounds like a good place that they maybe at.Fingers crossed.

PS: The only problem for me is that on many occasions during my many years of investing in H&W I have been disappointed when deadlines have not been met hopefully not this time.

Hi Kaeren,

The question raised about when the deal would be completed by & could it go into next year came from me & I asked it to deliberate entice JW or Arun to say if it could be carry forward into next year as opposed to being certain it will be completed by the end of Qtr4 Yr 2013.My reading of the situation is that there may not be a deal by 31st December 2013 for many reasons.Fingers crossed.

further details:

@bab****plc

' has paused the dispute resolution process with the mod over inflation-induced cost increases (c£50-100m) to the type 31 frigate programme.

now pursuing "a collaborative solution that will ensure the profitability of the contract".

bab**** are also finalising design activities including integration of mk 41 vls.'

Hi Kaeren,

Totally agree with your post hopefully a deal soon.

Hi All,

I note, as previously discussed, the following in dock at Belfast which bodes well for Qtr 4 2013 turnover targets:

W.B. YEATS Passenger/Ro-Ro Cargo Ship

BEN MY CHREE Passenger/Ro-Ro Cargo Ship

AASLI Aggregates Carrier

http://www.vesselfinder.com

I have just checked that the London Stock Exchange closes for Christmas on Friday 22nd December at 12.30 which means we have 5 trading weeks to Christmas.That is 24.5 trading days I wonder when we will get that RNS re the new finance deal.Any takers for next week or will H&W take it into December hopefully not Qtr 1 2014.

Detailed below is a summary of next years Court of Appeal from todays Irish Times re the IM JR Appeal and it is now clear that it is now mainly political as the other points have not been raised again clearly they felt on weak grounds.

I thought that the two points forming the basis of the appeal for February 2024 were clearly knocked down by the Judge last August & looks to me to be a purely delaying tactics & I cannot see how the Appeal Court will uphold the appeal.Fingers crossed.

'Tuesday and Wednesday February 6 & 7 have been set aside for the Court of Appeal to listen to further submissions and then rule on whether a subsidiary of Harland & Wolff is granted a marine licence to build the seven underground units at Islandmagee.

The applicant has now reduced its claims down to two grounds for the purpose of this appeal - namely the failure to refer the applications to the Executive Committee; and the taking into account of an irrelevant consideration, namely the community fund.'

Link to Irish Times article that the above paras's were extracted from:

http://www.irishnews.com/business/2023/11/17/news/islandmagee_gas_caverns_appeal_will_be_heard_in_february-3776662/

Hi stokey12 - I have no details on viewing etc for this month I suspect that it will be procedural i.e. agreeing a date for the appeal which will likely kick the ball into next year.However I assume that H&W will issue an RNS update this week.

Please read 15th November 2023 not 16th December 2022.

Just to let people know see below:

From: DAERA Marine Licensing Team

To: chrisatrdg

Sent: Wednesday, 8 November 2023, 14:59:11 GMT

Subject: DAERA REPLY: APPLICATION FOR A MARINE LICENCE FOR THE ISLANDMAGEE GAS STORAGE PROJECT - NOTICE OF ENVIRONMENTAL CONSENT DECISION 29/12/22

Dear Mr Xxxxxxx ,

Thank you for your email of 26 October 2023.

DAERA has been advised that the matter has been listed for Review Only on 15th November 2023 and no date has been allocated for hearing as yet .

Kind Regards

Marine Licensing Team

Edit: Current SP is an opportunity to Buy more shares in H&W provided you are not risk averse.

Hi Kaeren - Great post sums up the situation very well & would think that other long term investors who post here would agree. The icing on the cake will be the funding deal which hopefully will be soon.

Hi FG - I totally agree with your comments this morning I also can see the words 'Sir' in front of Johns name at sometime in the next 3 to 4 years or earlier.

This mornings news is just what is needed to demonstrate how diverse H&W directions is going.All we need now is the cherry on the cake & that is news on the new finance deal & this SP, in my opinion , will rocket into the twenties.Well done John & his team.

Hi Broomtree - There will clearly be some form of correction in 2023 what puzzles me is why they did not bring some of the settlement into 2022 at least as a post balance sheet event note allowing for the fact the accounts were signed at the end of Oct 23. Time for bed & let’s hope news re finance deal soon. Regards CM

Hi broomtree -In the accounts there is a figure of £6.4m being 'costs of discontinued contracts' there is no mention of accrued income for any settlement however we will see how the figures pan out in 2023.