Member Info for mcadder

"Ramp, ramp, ramp........."

You'll still be saying ramp ramp ramp when we get announced as the preferred bidder lol.
Maybe you'll wake up and smell the coffee then haha

Speedy or should I say "Arriba Arriba"
Time running out to get back in just below 6p, from the trades looks like you'll have to be quick before the SP itself goes "arriba arriba" LOL

I was just about to make that point stokey - you beat me to it. From the noise being made about who the preferred bidder is likely to be, it's certainly looking positive for Harland & Wolff and Navantia ;))

Bubble I think it was actually £5M they got.
Will be a game changer for the company if they succeed as the preferred bidder news of which could come any day now, especially if they get to benefit from a share of the £1.6Bn contract.

New interview out as promised ...... :)))

https://youtu.be/mt5ldzHDBtY

Last week Harland and Wolff confirmed a yard visit from the Minister of State from BEIS....

Nusrat Ghani, Minister of State at the Department for Business, Energy and Industrial Strategy commented: “Shipbuilding is a core part of our industrial heritage, and the cutting-edge high-tech work underway at Harland & Wolff is proof it is key to our future too. Our world-leading shipwrights create high-skill jobs and boost the economy right across the UK, and we’re determined to support them through our refreshed National Shipbuilding Strategy.”

Perhaps in line with comments made by others today about the FSS contract, this could in itself be significant...

"Ireland the only country in the EU to raise its gas consumption"

The EU spent an estimated €75bn on gas imports in the second three months of this year, of which €23bn went on Russian gas imports.

MON, 17 OCT, 2022 - 14:22
PÁDRAIG HOARE

"Ireland was the only EU country to increase its gas consumption in the second quarter of this year, as reports from the European Commission decry Russia's "weaponisation" of its exports."

Imagine if the FSS bid submitted to the MOD back in July landed in our favour....

Beggars belief it dropped to as low as 5.6p last week, the lowest low in history, hopefully shorters have had enough fun with this one, but was good for the opportunity to buy below 6p, plenty of potential news incoming soon...

Picked up another few this morning ;))

Good pictures indeed, the revelation that the dock is full as well as the prestigious MJM marine being an integral part of our journey is also telling so, maybe an RNS this week sometime Chrisatrdg ;))

https://www.thetimes.co.uk/article/defence-forces-assess-risk-to-subsea-cables-amid-fears-of-russian-attack-cjld8bf3b

Defence Forces assess risk to subsea cables amid fears of Russian attack
John Mooney Crime and Security correspondent
Sunday October 16 2022, 12.01am, The Sunday Times

"The Defence Forces have been asked to carry out a threat assessment of the risks posed to the subsea cables and energy pipelines located in Ireland’s maritime territory, amid concerns that they may be targeted by Russia’s armed forces."

"Ireland is among the European countries making contingency plans should President Putin instruct his armed forces to engage in further acts of sabotage on pipelines or fibre optic cables that connect Ireland to Europe and the United States."

"It follows the attack on the Nord Stream 1 and 2 gas pipelines connecting Europe and Russia in the Baltic sea. The attack involved the detonation of large underwater explosive charges."

Hi there spud - agree the debt payments require larger revenues to support it. As things stand without Islandmagee or further significant contracts (£50M plus) I would place current value bearing in mind 162M shares (16.2Bn in old money) at £15-20M or around 9-12p.
The Fleet Solid Support ship project consisting of 3 logistics ships supporting aircraft carriers with a value of £1.6Bn we know has been ongoing for quite some time now. And in the running as we know are -
"Team UK,” which includes Bab**** and BAE Systems;
“Team Resolute,” which includes Northern Ireland shipbuilder Harland & Wolff and British naval design company BMT;
Indian shipbuilder Larsen & Toubro teamed with Leidos Innovations, a UK-based business of the Reston, U.S.-based Leidos group; and
Serco, the British support services provider, and Dutch shipbuilder Damen.
Team UK and Team Resolute’s bids have been widely touted"
"The final set of bid documents were delivered to the Ministry of Defence in July, with the preferred bidder being announced in Q4 2022"

We are now in the window for this to be announced. Bearing in mind the likes of Bab**** and BAE are reported as running near full capacity for work, I'd say we have a 60% chance of being successful.
All the other ongoing contracts are nice and 65-75m revenue by FY 2022 is a good start along with a significant increase in forward backlog position of £100M, but the FSS project is what would transform the company for good.

UK Parliament
House of Lords Business
Written Question

Lord Birt to ask His Majesty's Government, further to the Written Answer by Lord Callanan on 20 September (HL2203),

"what plans they have to increase the UK’s gas storage capacity."

HL2384 Question HL2384: tabled on 10 October 2022 and due for answer by 24 October 2022
This type of business sits within the Questions & Statements category.

This question has been tabled by the Member and is awaiting an answer by the relevant Government Department.

No, you don't Consuela. But thanks for delaying the start of the construction of the facility because the value of the project from 2yrs ago has at least tripled as has the urgent need for it's construction now ;))

https://uk.finance.yahoo.com/amphtml/news/europe-middle-brutal-energy-crisis-093000012.html

Europe is in the middle of a brutal energy crisis. Next year could be much, much worse?
Tristan Bove
15 October 2022, 10:30

".....Experts warn that European gas storages are only designed to last a few months, regardless of whether it will be a cold winter or a mild one. And between increasingly limited flows from Russia, no new natural gas projects coming online in the next year, and more competition from Asian markets, Europe’s energy crisis looks likely to get much worse in winter 2023-24."

“Most likely all of the gas from underground storages will have been utilized by the end of the heating season in spring, and there are no significant potential additions visible in 2023 for European supplies,” Tatiana Mitrova, a research fellow with Columbia University’s Center on Global Energy Policy, told Fortune."

“It seems to be nearly guaranteed next year will be worse,” she added. “I’m afraid it will be really tough next year.”

Must admit I missed this the other week - interesting....

HARLAND & WOLFF LOCATION UNIQUELY POSITIONED TO SIGNIFICANTLY ADVANCE OFFSHORE WIND ENERGY TARGETS
"A new report has found that Belfast Harbour, the site in which 81-acre Harland & Wolff (Belfast) site is located, is the only port on the island of Ireland capable of supporting large fixed and floating wind projects.

The study produced by Gavin & Doherty Geosolutions and published by Wind Energy Ireland (WEI), deemed that Belfast Harbour is the only one out of 13 major ports on the island of Ireland that is ready to be used for constructing offshore wind farms.

This is the most detailed analysis ever carried out of port readiness for scaled-up development of offshore renewable energy".... cont'd

“I am pleased that we have generated a lot of interest for the repurposing of the former HMS Atherstone, and I expect to make announcements in this regard as soon as we have executed a refurbishment contract with a counterparty,” Wood added.

Contract update next week?

RNS next week?? ;))

Chrisatrdg - have you seen the reply further down from that tweet? Fantastic if that is the case!

Alastair Mackay @alastairam
3h ago
Replying to @HarlandWolffplc

"You have an indoor dock? Who knew?"

Cian McParland @cian_mcparland
2h ago
Replying to
@alastairam and @HarlandWolffplc

"HMS Scott, Enterprise, Echo and 6 OPVs built for the Irish Navy in that dock."

Alastair Mackay @alastairam
10m ago
Replying to
@cian_mcparland and @HarlandWolffplc

"Brilliant"

Hopefully news soon Chrisatrdg ;)

Harland & Wolff
@HarlandWolffplc
1h ago
Fantastic to welcome HMS Atherstone to Harland & Wolff (Appledore)

Picture of the vessel on twitter.... :)))