Member Info for Consuela

The “NIMBYS” as you call them including the NGO’s and GP have a pretty solid legal challenges. See how it transpires.

If they want H&W to build ships then yes, the only way that’ll happen is if Govt support with tens of millions to ensure they have the right model / infrastructure and leadership and they’ll only do that if they’re 100% sure that capacity is needed. Caution required as it’s public money.

How does this change the landscape? It’s like me running a business at a loss, then taking out a loan secured on the assets ( Green loan at that ). Unless I do something fundamentally different with that cash instead of still running at a loss and burning through it, all it does is prolong the inevitable. That money needs to go on investing in the yards / systems / etc where they actually create the resource / structure and capacity to do anything other than repairs, if you’ve seen the yards you’ll know that would eat into a huge chunk of that, if it’s even enough. Bottom line is, nothing has changed apart from they have, in business terms operating cash with a negative cash flow. They still have debt to pay off also.

I’m a fan of the shipyards being prosperous and productive however I’m struggling to understand what this brings to the party in terms of leveraging anything apart from keeping the lights on longer . This doesn’t make them ship builders and doesn’t make them more attractive. They’ve got a loan.

Running, having a green loan, based on assets and shares is simple business economics. Simple transactions that happen all the time, rarely in business though…. Time will tell apart from having cash, what upside it brings… here’s hoping for the shipbuilding.

Yes. Not sure what your point it? This isn’t new news, in fact it’s been kicking around for years. Doesn’t answer the question.

Negative or realistic?. Not having the ability to digest both sides to a story, regardless of what that data looks like isn’t healthy, especially for an investor.

Stokey, it’s not normal practice to share any update to the public or random person that mails in on what stage a case is at. Being an admin in a public law firm , you know that right?

Who did you write to and who on Earth gave you that response? I would find it highly unlikely that it’s even got to that stage where it’s sat “With a Judge”….

You missed the “Lies” bit….

Good feedback. X noted for future reference…

Nobby, H&W don’t have the capital, resource or anything for that matter that would allow them to even get one step on the procurement ladder to build anything bigger than a bath tub. JW has lied through his teeth for years and has a questionable history. To date with all the spin what have they achieved (Saipam wasn’t a contract win BTW).

Ship repairs & Maintenance.

If anyone thinks they’re going to win huge contracts then you need an education understanding of how “Real” business works.

Their workforce isn’t the happiest.

Let’s not mention their debt and current outstanding liabilities.

Take your rose tinted glasses off and stare into hard facts.

Said it before, unless you’re all happy clappy on this board and in with the “Click” you get lambasted.

I’ve had first hand experience of Mr Wood.

Truth hurts. Where is Michael Dawe lately, he’s been awful quiet. Wonder why.

I remember when they were recruiting for Islandmagee as they moved and I quote “rapidly towards the construction phase”. When was that, 2019ish? Marine protection officer was one to behold. Think a raise landed soon after. Jobs didn’t though.

Brace yourselves. Feel a raise coming….

Well I didn’t expect that……

“Nobody” involved can discuss it whilst it’s currently in litigation. Especially the lawyers!!

It is. You will get a standard reply as it’s litigation therefore they cannot comment.

Triumph
RNLI
IM
FRSU
Other “Projects”

All fabricated pipe dreams to support raises. That’s the strategy so far.

Probably more to do with the fact that everything JW has said so far has been lies.

Utter rubbish.

Sell IM? There is nothing to sell apart from a small bit of land that has a hole in the ground ( Which needs plugging at a cost ). Granted it has PP but that’s out of date and adds zero capital value. Where did that valuation come from?

IM caverns aren’t related, this has been going on for years. Remember IM PP and permissions / licences are for “Natural Gas Storage” only. BL have their own plans. :)