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https://twitter.com/bloombergasia/status/1462758067863445507?s=21
Prime Minister Boris Johnson has said Devon’s newly reopened Appledore Shipyard has a bright future as a centre for “green” shipping and even hinted it might receive Government contracts as part of a plan to make the UK a “shipbuilding superpower”.
The Tory supremo, in a visit to the Devon facility, stressed reigniting the ship-building industry at the yard, which has had chequered history, would not be easy, but the Government and its new owners were “very determined”.
thanks for comments as a LTH its been a rough ride - as you were selling at 3 and 4p I was buying (Doh) and then its the sods law of AIM - you hold and hold with a massive loss weighing you down - then it goes to break even and above you are that relieved to be able to get your cash out that you sell.. then the big move north happens and you you make nothing - so on my aim shares now my strategy is set auto sells at various prices so i bank some profit on the weight up but also have a more comfortable nights sleep. im sure I will sit here going why did I sell those 4m for 5% gain when likely multiples but AIM has a habit of skinning you dry .
the 5 x 450k 1p sells were mine - I originally bought a lot when these were 3p plus and was obviously very underwater - I love the coal switch product and so did (what people say you should never do) and averaged down considerably to get my average to 0.9p so have then sat with a bigger lose for a long time while we languished in the 0.4p to 0.7 range and I set up a lot of auto sell for 450k batches from 0.9 - I have now shifted over 4m shares over the last few weeks and now am sitting more comfortable with a nice manageable pot to hopefully ride the success once that permit lands - and have made a small average 5% profit on my sells - so sat now in profit on AEG and an amount I can now not loose sleep over - long way to say im still hold 2m shares but will now not sell any more until we hit a lot higher
Hi Drango - I emailed them in April this year to ask what they were doing to get share of frigate work to H&W - they replied 6th May 2020- I read the part about appledore as being what was in the original strategy for the works .
Unite NI said they would keep me posted on developments so will update here any further replies
well the unions are pushing for it, but its solely down to BabC procurement - government intervention to ensure works are shared to other ship builders is key here enforcing the national shipbuilding initiative and H&W stand a chance. But also note the tie in with H&W and Navantia will make them direct competitors of BabC for the fleet solid support programme !! so not sure tbh
This is what I got back from NI unite union when I asked about H&W and frigate work
Bab****'s original build strategy for T31e had been aligned with the intent of the National Shipbuilding Strategy (NsBS) by adopting a distributed build approach whereby elements of the work would be undertaken in Yards across UK namely, England (Bab**** - Appledore), Scotland (Ferguson), NI (H&W) with assembly in Scotland (Bab**** - Rosyth).
Although H&W had been part of the Bab**** led consortia, we understand it was as a sub-contractor not a risk bearing partner. Meaning H&W would be required to bid for T31e work.
Upon entering Administration, the T31e agreement between Bab**** and H&W formally ended and Bab**** proceeded to submit their T31e bid at the end of June 2019, based on all activities being undertaken in Rosyth.
However, Bab**** have stated that sub-contracting would be considered for T31e if and when it made sense to do so e.g. capacity and/or schedule driven demands.
More generally, the wider (proposed) 30 year naval shipbuilding program provides further opportunities for H&W and other UK Yards. To that end, local Union representatives are pushing for Government policy which would mandate a UK wide workshare and emphasised that full economic prosperity benefits and retention of skills across all regions should be a prime consideration in policy development.
Posted a day ago - JW linked in post “It’s good to see Clipper Arrow in our main dock at #harlandandwolff, the first vessel to have docked here for many years. It brings into focus how large and strategic this dock is and the multiple vessels that can be docked concurrently to increase our capacity during peak periods of demand.
When it leaves next week it will be closely followed by a short docking for essential repairs to a vessel.
The momentum is certainly starting to build again, which is very encouraging.
Brings back memories - I worked for MHI in Singapore and Japan late nineties and had a tour of that ship mid construction - now in H&W dock - launched 2000 so I’m sure will need a good overhaul and some engine updates . Must be RNS worthy ... INFA need to take a lesson from VRS Who RNS if some one farts - got to be contract news worthy you would think
good to see 2 more RNS re director dealings
25.5M shares for you records Si
WTF are they trying to do here - drop, raise, sell higher than ask, then vice versa - very odd