RE: H&W Tweet - Eduard Toll dry docking pictures23 Feb 2022 07:26
'These are impressive pictures & shows the progress that H&W are making in Belfast expanding its client base it now needs to update the markets with a trading statement in order to counter the SP drifting to an all time low certainly in recent years.Posted by a long term investor frustrated by the lack of trading updates & a continuous SP reductions.I believe in H&W it now needs to show it believes in its private shareholders.'
Below is a reply to my earlier post on LinkedIn (see above)
Head of Sales & Marketing at Glide Fibre. 7h
'Agreed. The story around the contract they had, or didn’t have, for an offshore wind service vessel was quite bizarre. I know they need funds to develop the business and I’m in it for the long term and nostalgia as both parents worked at H&W and went to a few launches as a young child. I hope the Islandmagee project can move rapidly as the country needs the gas storage and a ship order would be truly transformational. HMG need to keep the yard in business with a dock that size as an alternative to service the aircraft carriers. The Royal Navy frigate programme seems to have built stability and long term guaranteed workload for Rosyth, now there needs to be a similar flow for other yards. British ships built in British yards provide a vast return for Government in wages, income tax, NI and corporation tax repeated over and over through sub-contractors and local suppliers. No more government contracts should go to Korea or elsewhere.'