The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Thank you ,Radders ....I remember Feb 2019 well -we had all chased and /or followed the price up in the then expectation of ML or something akin and splat... before we had time to think about taking some profit, most of us have suffered losses in the meantime but those that have kept the faith will have been able to reduce their break even ..
I reckon that the PI's already on board will go with the proposals and affirm,showing a strong vote of confidence in JW..always remember,folks, the wise words of Shakespeare .."There come a Time in the Affairs of Man ,which when taken at the flood,leads on to fortune".
Regarding the rather scurillous earlier post ,and having read the report at the time, JW had built up MSC Europe from scratch to a £25m Company and was "let down " by non payment of over £2m from an "unnamed overseas yard" .JW may well have sufferd losses himself at the time and as you say lessons would have been learned the very hard way by a then more youthful looking entrepreneur.
Had JW not acquired valued experience thereafter and been head hunted for the role in 2017 Infa would probably not exist now. He joined Infa with a very weak capital base and an almost non existent team ( one man and two dogs set up ?) after some years of high expenditure and no results ,chanced his expertise in sorting the paperwork and requirments for Daera.Chanced the punt on H&W ( no meanfeat for a tiddler like us ) moved the ship to more experienced Legal advisers ( Field Fisher) sussed out the Barrow Project ..and all the time remained and increased his own investment /risk in the projects ..all ably supported by his Oil Trader friend you know who !!
Nothing Ventured,Nothing Gained .just so true here ..all to play for ..still a bit choppy out there !!
....and no mention made of JW’s considerable success and achievements subsequent with BAE Systems.
ML is delayed by Covid with 60% of civil servants still not back at their desks and I vouch for this from my own business dealings !!
H&W has survived the most dire of times with Covid for 3 months + but needs a stronger capital base to move forward and secure the deals that are appearing ... onwards and upwards !!!
AGREED... Mr D .. All comments about the team spirit augur well for us .To raise £6m in one morning and now £9m in a very tight and difficult market shows how much esteem we are held despite no ML. As others have said eloquently today when Blue Chip companies like Viking or Vitol are dealing with us they will want to see capital clout to back up performance guarantees.. this is what today achieves !
At least the GM is to be held at the Company’s offices not at Field Fisher ( rather plush ) .. will be interesting to see how big JW’s desk is and how many plates are still spinning !!
Yes yes .....ML WILL happen --JW would indeed not have appointed a Project Manager and "risked " higher leaverage for H&W if he thought otherwise ..all good !!Fundamentals ...Fundamentals
Today is par for the course,I suppose.On the negative side no sign of ML and I.M. is at the end on the back burner (no more "Gas" puns please!) On the positve as I have said many time H&W is a gem and the pride of Belfast ..If only Bojo and Co could invest in heavy Industry rather than nail bars ! H&W when well funded will prosper without Government support as it has unique facilities which have been allowed to fall into decay over many years .The current team will rectify this.
Mr John Wood Is a true visionary . He is not A SHORT TERMER. He has form. Assembled a cracking ( no puns please !) team ,sorted major issues out with I.M. .brought along Arun R and his connections with Vitol." Stolen" H&W such that we are now at the top table with BAE Systems and Babthingymjig ( if you spell it out correctly the type just explodes !) in discussions with Navy/Defence contracts...and much more.Assembled an expert team at H&W from previous connections with Bae.
JW interestingly has posted onTwitter some kind comments about Princess Cruises this week ..could be a subtle clue.
No young enterprise like ours can prosper without a sound capital base ..be glad to see the back of some of the recent "expensive loans " --all good today .Hold on !! No mention of entreprenerial help from the Gov of subtance .we have to do it ourselves and that it was is happening .Bamfords have doen it with WrightBus at Ballymena .we are doing likewise.!!
Please send photo of wife !!!.Cookiecrew !!
Crikey.. that’s a bit rich and provocative !!
Aim is the Wild West and indeed Infa has had its problems but be assured if we can overcome the imminent hurdle ( and we all know what that is ) and with the gem of H&W starting to produce nett income we shall overcome the doomsayers for once and for all ... lots lots in the pipeline and to look forward to IMHO !!
Spud ..by far the best picture /photo opportunity shot of at least two Vikings yet ..well done,Sir !!
No,Not another Cruise Liner coming our way off the coast of Scotland but just a note to convey various messages and pride that friends and relatives have sent to my family in the last week from the city about the apparent success todate ( especially with the Vikings ) over bringing some energy and va va vroom back to the waterfront. This is evidenced in a number of Youtube videos and although such may be amateur they signify the joy and pleasure to see our iconic shipyard in action again ....and there are more to follow soon,be assured .
Just so frustrated about the continuing delays on the ML .I personally have ben waiting some 18 months now for action of this and I do respect that the BOD has done it's best especially after finding out that all was not fully compliant in 2019.BUT the fundamentals for the project are even more so now in view of the increasingly fractious global scene with security of supply more at risk than ever.America lacks any form of real leadership, China is now a law unto itself and becoming the world's No.1 Bogey and disliked county ( especially over HK) and as for Putin enough said .On the other hand Bojo & Co seem to want action so hopefully our "spade ready" project will soon mature ...and then,pow, onwards into calmer waters despite our Seller still popping up as this morning ....
Strange destination but probably testing how it can fit into the harbour ??? .Wondeful location in all weathers for tourists as we know ..though the hills may be a little meek for those happy Norwegians !!
Wonderful footage and thank you ever so much Speedy .. love the Belfast accent by the way !!
The UK is doing well with laid up Cruise Liners.The Link is with the Fred Olsen Webby Site which my old computer here cannot attach sadly ( am awaiting some profit from the ML to update my old faithful !!) but Balmoral, Braemar , Boudicca and Black Watch ( which have been lying in the Firth of Forth since March 2020) are now moving in two's to the Dock ( where in fact they sail from for the UK market and which they call "home".) They await " preparation for more efficient operation " which is code I suspect for post Covid alterations .a bit like what I suspect is with our beauties. No doubt someone can attach the link !
Hmm ..upon closer inspection of the Belfast Harbour Ship Locator the Viking Sun appears to be just outside the Building Dock gate..which makes a bit more sense -stand to be corrected on that one !!
Agreed..Good publicity but it would be better if there was an aerial shot showing the Viking Sun now in the Building Dock with Stena Europe...Some dock that we have !! I am informed that the work involved on the "Three Sisters" is quite extensive and not just post Covid necessary updates ( read into that what you will ) but also general maintenance .So on the former we must congratulate John Petticrew and his team ( in particular the renowned commercial expertise of William Duff ( look up his credential on the Web site or LinkedIn ) on securing the deal which involves quite some high speck work on high speck ships and the need for subcontractors of quality and keeping a close eye ( i am told ) on the estimators and costs in what is a fiercely competitive market of course .I posted some weeks ago that we would need to move on in time from looking after local Irish Sea Ferries to something bigger ....was not expecting the Vikings quite so soon --bit of a shock really. Anyhow the pictures are wonderful publicity and it would be nice to follow it up nationally showing what we can achieve despite all the groaners !! Onwards and upwards as they say .Maybe the voyage continues into calmer seas !
Strange time for the "Unknown" Seller to plunge in ...yesterday --we shall see !! May be distressed--I certainly would be had I sold before the Nordic invasion !
Some "known unknowns" are sometimes best left unknown ??!! What was it that Donald Rumsfeld once said -I seem to remember it was a load of *****
From the charts it looks a though 3 not so little white dots are steaming towards Samson and Goliath ..Viking Sea, Viking Sky and Viking Sun --could provide a welcome fillip ( and indeed fillup !!) for the yard and the SP in short term --watch this space -I am not an expert on charts and but I also have it from good authority that we are the destination ....will we have room for all 3 !?? That IS THE QUESTION !!
Hi,Cookie....do you mean "Marijuana or Nirvana created "....Mariana conjures up a beautiful Mermaid gliding across Morecambe Bay ...then along comes Trident !!! Morris Marina of course !!
Good one,Chris ...again ..do let us know when the next ship arrives though Stena Europe is to be with us I think for a while.
Great Link Thistime .........need you to change your I.D. to say ThisTimeNextWeek !! We then should be well in the Blue on the basis that we have a team that can progress the most valued heritage that we own ..or nearly own once we pay off the short term debt..with no bad news and the SP near to the entry level of the II's, then now could be a good time to take the plunge,assuming of course that Covid does not come back with a second bite and that you have all confidence in the ML as I do !!