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Come on 50k seller you can do better than that. Are you running out or just losing the will to sell us more of these lovely shares to us? You're being swamped at the moment by those that can see where this infant industrial behemoth is headed.
It's time to realise that Harland and Wolff is fast becoming the third man in the room. C'mon!
The rate at the outset is not fixed indefinitely; it may start higher due to the delays in the reduction in interest rate cuts and therefore may be in low double figures (my guess is 10.5% and it will take until early May to complete) but it will fall in line with the prevailing BoE bae rate. Clearly it will be considerably lower than the Riverstone rates and have a direct impact on margins in H2. The important thing is to get the facility live; irrespective that the initial rate may not be in the high single figures. All imho.
I think the number is running at around GBP 17 million. This is what I would hope we could expect to receive as part of any consideration in the event we find a farminee; along with carry and payments linked to specific milestones eg FID, full development consents, first injection etc
One of the big issues with the non floating type of wind turbines is the amount of rock dumping that is required to provide a stable platform to protect the base frame. This is way in excess of any volumes of rock required to ensure seabed pipelines are stabilised. It's been a big issue for the NSTA in the ongoing licensing discussions. The provision of reliable renewable power sources is essentially sensible and required but it is not without some pretty sizable issues around their footprint both from the supply chain perspective, installation and then operation (including decommissioning and recycling)
I think with the current state of government and the not so helpful article in the TImes newspaper recently, they will probably be having a little internal enquiry. A few questions asked and answered so that Bab**** (who sponsored this attempt to derail future competition) and the short sighted MP who is in their pocket are officially dealt with.
I'd expect at least 6-8 weeks but am looking for a clear conclusion and an RNS end April. Belfast is "thorbbing" with work and the other yards are looking brighter by the week.
It's a fact of AIM that there are leaks before any RNS hits the screens. This is not to disparage HARL but I expect this is likely to be true for the UKEF confirmation. I have asked a couple of institutional investors who do not cover HARL about the possible impact of the deal and received some incredibly positive feedback given where we are with our current debt and its owners. They seemed intrigued that we might receive 100% (vs normally lower coverage of 80%) which they suggested could be "transformational" and if margins can be protected they can be much much more competitive when bidding for new work. Aside from all the other news this seems to be the most significant value driver. As many of you know I am still very wedded to the gas storage project which I think will definitely progress; just can't say when!
Please stop making stuff up. You haven't a clue. Unless you are leading the HSBC consortium negotiating this of course; in which case do be careful not to breach any confidentiality.
Hebridean9 - this has been a long stated concern and partly why there has been little in the way of corporate investors. They are too scared at the moment to invest thier clients funds. However, the cash position which existed at year end should be more than sufficient to enable the UKEF structure to be finalised by end Q1 or early Q2. That provides a bridge which in turn leads to materially lower financing costs. I don't see that as being the issue . For me it is about what type of work they are able to secure. Ensuring the targeted margins are achieved for some of the larger capital projects is going to be instrumental to the success of the company. I don't doubt that these will come along and therefore I do not attach much risk on achieving forward turnover targets if that is important to some
Hi Consuela, are you concerned about the caverns not proceeding or the share price falling i.e. the company not succeeding? I guess it might be a personal thing but, as you are well aware, there are a lot of livelihoods and careers resting on the success of the company; this applies whether the caverns proceed or don't.