Member Info for Lottie123

Not the Taiwan contract. Not sure how that got there.

https://www.offshorewind.biz/20



Not sure if same contract but still going ahead despite delays. 54 jackets

22/02/28/scottish-offshore-wind-farm-to-come-online-later-than-planned/

Just read article in today's Telegraph (page 20) by Col. Richard Kemp, possibly one of the most influential military commanders in the last 20 years. He states that we need to rebuild our military capability back to 1980s levels. In Naval terms that means about a 50% increase of real fighting ships not pea shooter coastal patrol boats. Add this to a rising number of MPs wanting additional military capability and the dawn is beginning to poke its head above the smoke filled haze.

The German government has shifted dramatically on its policy towards defence and energy.
€100 bn extra spending on Defence plus...this is the good point...Increase GAS STORAGE by 2 billion cubic metres and establish a greater coal and gas reserve. Germany already has 10 times the gas reserves as the UK (in days of demand/usage per country) so we will need those salt caverns ASAP.
Couple this with MPs in UK calling on greater defence spending and HW share price looks like a bargain. Next week could see the much awaited maritime review from the government and naval contracts awarded. Fingers crossed.

I just don't understand it. I am happy to bet the bank on this companies future but every day a seller is supplying blocks of 25,50 and 100,000. Each week in the last 2 months around 2% of the company is sold by this seller. I am convinced its the same source. Its really bizarre. Good or bad news a block is always for sale. Hey ho.
Trading revenues appear to be the most buoyant since Belfast was purchased. The docks are full and plenty coming and going. Several new customers which will hopefully lead to repeat business. Cash flow, despite a large scale employment programme should still be in the black. Just need some big news like a solid debt facility or the much anticipated naval contracts. With the government's report due out no later than first week of March, not much longer to wait.

This report is solidly behind a wider shipbuilding capability within the UK.
One response re the support vessels states that the contract must go to a UK builder or one part of a consortium. Once again they have demonstrated H and W are still very much in the running.

Great info guys. IM energy, H and W sub sign jv with the company awarded first phase government development funds.
For those not having read the government's 122 page future hydrogen policy document, here is a snippet from page 22...salt caverns and fabrication mentioned.

Northern Ireland is likewise well-positioned to accelerate hydrogen innovation and
deployment, with its significant wind resource, modern gas network, interconnection
to Ireland and Great Britain, availability of salt cavern storage and strong reputation for
engineering and manufacturing. Northern Ireland Water will be procuring a new electrolyser
for one of its waste water treatment works – the first project of its kind in the UK. The
public transport operator, Translink, is introducing new hydrogen buses built by local
company Wrightbus in Ballymena and is procuring a new hydrogen fuelling station. The
GenComm project led by Belfast Metropolitan College has received funding from both the
EU and UK Government to trial hydrogen production via electrolysis for hydrogen buses.
The Department for the Economy is currently consulting on policy options for a new
Energy Strategy, including on hydrogen, which will set out Northern Ireland’s energy focus
and direction to 2050 and is expected to be published at the end of the year.
The UK Government is committed to working closely with the devolved administrations –
including through the joint government-industry Hydrogen Advisory Council – to harness
the UK’s full potential to develop a world-leading hydrogen economy, and to make sure
that low carbon hydrogen can contribute to emissions reduction and clean growth across

Let's hope the eco warriors that have delayed IM for years are going to struggle to pay their energy bills in future. I wonder if they ever consider the bigger picture in life. Employment for the local and wider community.
Do they ever consider the coal fired power plants being constructed in China each year? This year they will build enough to power the UK...why don't they take their anger and energy out on the planets real polluters. They are happy to buy products made in China but fail to see the harm they are doing. Hey ho...

Ps...the Chinese Yuan hit a new 2022 high vs Sterling this morning. That will help push inflation expectations, especially as Russia/Ukraine/Belarus control significant global supplies of industrial and agricultural commodities.
Hopefully, it will help reduce the pricing discount Chinese yards enjoy.

The threat posed by a reinvigorated Russia will likely lead to a large scale increase in defence spending by EU countries. The UK will benefit as seen by the SP of BAE this morning. Putin took out Ukraines small navy first. I hope this focuses the MOD to speed up the navies procurement process.

No Blair. But my heart wants to believe we can create jobs in this country for young people. That has always been my hope for H and W. I see it as an investment for unemployed to have some self respect again.

Correct Blair. Even God made mistakes tbough..you for instance.

Yes you are right. I was buying with my heart not my head. I was sincerely hoping today would not be a down day thus confirming the niggling doubt I had. Yesterday was like some of my golf shots, hit and hope.

Blair...with all your in depth knowledge I guess you are posting from your yacht in the Bahamas. Must be great to be you. I do not think they are doing the ship repairs for nothing. Time will tell. If you are right it will no doubt help refuel you vast floating Palace. Maybe buy H and W out of your vast short profits then they can maintain the yacht for free.

I have should have guessed when the market sold that lump of 900,000 shares last week that something was up. It looks like they knew a placing was coming.
The share price since indicates a 10p placing is about to come...aagghhh

Would be mad to invest government money in this outfit then cancel the salt caverns

Thanks Trampy. Do they own salt caverns already or are they proposing developing their own....or IM?

I forgot to add, the Minster in charge of the City, announced at a dinner this week intentions to rewrite Solvency 2 rules. These are EU regs which have stifled long term investment and will, when changed, release tens of billions currently tied up in safe, short term investments primarily by insurance companies.
Currently, major infrastructure projects rely on foreign soveriegn wealth funds to fund huge projects. This change will accelerate the likes of wind farms and ship building.

I have watched the SP fall, commented regularly about a consistent seller with a seemingly endless supply of shares. My concern is someone is trying to take the company down. However, I have watched the flow of ships into Belfsat and concluded that the cash flow breakeven mentioned in December can be continued for the foreseeable future.
With that in mind, I bought more stock yesterday (although it showed as a sell). With a market capitalisation around £26m this is truly a tasty morsel given the prospects for wind fabrication, IM (post legal challenge) and Defence Spending (more important than ever with Russian aggression).
I always believed that the UK would gain back control over the construction of vessels of all sizes right down to fishing (post Brexit). I still think that way.
Whilst I have lost a significant sum so far, I fail to believe managers of a business, that is desperate for liquidity, would keep hiring talented people (thus accelerating its potential demise) without very strong belief future contracts/revenues were all but assured.
To sell here would simply imply that JW and AR are total crooks trying to drive the company, and most importantly of all, their reputations and livelihoods, into the dustbin.
I have always liked Warren Buffets saying. When all about are being greedy, be fearful. When all about you are being fearful, be greedy.

Saipem bonds rallied strongly today on talk of a capital injection of around €2bn. State owned finance and oil companies own around 50% so it should be very possible. They are looking to divest further in fossil fuel which will hopefully allow a continuation of green energy focus...and a second contract for H and W