Member Info for Chrisatrdg

STENA HIBERNIA Ro-Ro Cargo Ship in dock.

https://www.vesselfinder.com

Harland & Wolff Harland & Wolff 21,538 followers 16h • 16 hours ago

'We are incredibly excited to meet you all at Cruise Ship Interiors Expo in Miami this week! '

Come see us at stand 830!

#CSI22 #cruise
https://www.linkedin.com/feed/update/urn:li:activity:6940035968703877121/

Harland & Wolff Harland & Wolff 21,538 followers 1h • 1 hour ago

'The Boat Landing platforms fabricated in Arnish are ready for load out to be transported to Methil'

#MadeInArnish

https://www.linkedin.com/feed/update/urn:li:activity:6940257737226297344/

Edit: At least H&W are trying to communicate their progress pity the SP does not follow.

'We have acquired the former HMS Atherstone which we believe will significantly de-risk the M55 regeneration programme'
https://www.linkedin.com/feed/update/urn:li:activity:6937647630923526144/

'Harland & Wolff has been awarded an initial contract worth approximately £8.5 million with Cory for the fabrication of eleven barges.'
https://www.linkedin.com/feed/update/urn:li:activity:6937648524457070592/

Edit: Great pictures.

Wow a bit like buses 3 RNS’s at once let’s hope we also have a reflective SP increase.

Now back in dock.

Harland & Wolff Harland & Wolff 21,431 followers 6h • 6 hours ago
'Work on the super duplex shells in Arnish progresses '
#MadeInArnish

https://www.linkedin.com/feed/update/urn:li:activity:6937306595663994880/

Thanks EP

STENA HIBERNI Ro-Ro Cargo Ship now in dock at Belfast.
https://www.vesselfinder.com

Hi EP & Ollie - So sorry to hear that you both held your investments I sold all my shares at $5 & got my money back.The writing on the wall for me was the curtailing of the trials.I am now in Harland & Wolff & now in as much trouble as with Summit.
I encouraged my son to Buy Summit & he never Sold so is also not in a good place.
I am not sure what the future is for Summit but they could turn it around & get above $6.
I wish you both good luck. Regards Chris

WARSHIP BROCKLESBY Military ops - approaching Belfast you never know.
https://www.vesselfinder.com/?p=GBBEL001

I understand BP but I have to say if I had a spare £5k I would be topping up today sadly I have not.Regards to all.

TheEast - Great post & I also fear for my investment today but still have hope & currently I believe we are not yet back in the 'Last Chance Saloon' .

BP - There are no accounts that cannot be signed provided the basis of the signing is made clear i.e. not being given a clean bill of health which moves us onto 'Going Concern Qualifications' etc etc.What also concerns me is that H&W have not made clear why there has been a delay although this was touched on by Arun at the Appledore open day i.e. Audit logistic problems caused by covid etc.It is the naivety of senior management that has allowed this situation to occur & created a SP open goal that concerns me more than the results.My experiences were is 'Offshore' & print finishing' with owners in USA & Canada/Switzerland.
PS For what it is worth as I have indicated above I would 'Hold' the show is not over yet.

Hebridean9 - Having read your post this morning I just hope we are not heading towards a car crash.I am disappointed to see a further drop in the SP today I thought yesterday was bad enough.As a retired accountant I am frustrated that H&W have not been able to have signed accounts this month.I have worked for companies where I had to meet very tight year end deadlines sometimes in difficult circumstances & reporting into Canada & Switzerland.For H&W to be in this position is a disgrace & I wonder if it is deliberate as they wait in hope of announcing a new contract.

Hi Pokerchips - With time it is possible to dig deeper into the figures & having looked at two reviews I received by e-mail this afternoon it is clear that they have indeed needed to be cautious with their Saipem contract because of the delays in production due to the steel not being at first fit for purpose.Working on the basis of no sales booked up to 31st December 2021 for the Saipem contract & based on the contract value being £25.6 m then their sales for new work amounts to at best £50m for the current year.Either way there may be hidden profit in these figures because of the Saipem contract completion delay.Lets hope so.

Inventories - Current Year End 1,176,641 331,465 Prior Year End

The above is shown on the balance sheet & will include WIP.

Hi All - Some good positive posts this week good to see.Moving on I was just wondering when we can expect the issuing of the H&W Report & Accounts due this month which leaves just next week & a couple of days the week after.I am guessing the end of next week at worse an update on the 31st May saying further delay expect June.Just curious as to peoples thoughts. Apologies for what may seem a trivial thought but just for fun.

Hi Lottie123 - Thank you for the time you took out for the visit & the time taken to write your thoughts on your visit.
I found you comments reassuring & confirmed what I was trying to convey in an earlier post that there is work going on at all the sites & which hopefully covers overheads at least.In addition you concluded that based on your visit you would be prepared to invest further.You certainly have cheered me up as the current SP is very challenging.Thanks again.

Harland & WolffHarland & Wolff 21,317 followers 1h • 1 hour ago
'Last Wednesday, we welcomed the Fife Chamber of Commerce to our Methil site as part of their ‘Behind the Scenes’ event series.
During the day, attendees had the chance to learn more about Harland & Wolff, our work on site and across the Group and participate in a tour of the yard. '
#MadeInMethil

https://www.linkedin.com/feed/update/urn:li:activity:6932694031298682881/

Edit: Clearly enough going on to entertain rather a large group.

Si_Derman - I think your post hits it on the nail in saying 'If they can't get a maintenance contract' etc & not having 'the up-to-date infrastructure'.H&W have not had any MOD work yet of any size & I believe they are not ready yet.
Once again I would add it is very frustrating & I can only see a further decline in the SP as we wait for some positive news.