Member Info for Scaffman

Hmm🤔 wonder how today fits in with the chartist's trend lines?

my take, The Times will get away with the article as it will cost too much legally to fight and for what gain?.

good positive on the 180m and a surprisingly positive reaction from the gmb union as well that no-one seems to have commented on?

UKEF have gone from a 50b to 60b fund but no longer supporting the Oil and Gas Industries that would have eaten into this; so they now need Harl and similar companies to back instead. its all a done deal as far as I am concerned. just accounts & Flands contract to show future rev coming in and then UKEF can close off all i.m.o. back in 3 weeks ( unless there's more stupid articles appear ha. )

Going to leave this chat board for a little bit until some proper news drops. All this upheaval discussion has been premature by 6 weeks and has added nothing but rancour i.m.o. so back "hopefully" sooner rather than later..

Heb Can you Elaborate and Justify your comment -" truth is you fancied a quick buck"

You have stated this as fact so on what factual information or even any sort of basis are you stating this?

regarding Lottie; she is very well respected and so her posts provide good info, discussion and are valued. And if you have read my posts you will know that I am in agreement with her and many others and not all positive about the bod.

Heb When you start answering questions put to you, perhaps you will then get answers back in return.

Lottie, You asked for thoughts please, and my thought is that you have just had a bad day!

Rev for H+W on paper has been 15.4m and the latest 25.5m(marginally over) with now a "forecast" of 80m When the UKEF is set at a 25m minimum entry, they have not been able to qualify i.m.o. Do UKEF accept forecasts? I doubt it. also, spent "hundreds of millions" to me implies 200-300m -that's being a tad dramatic with numbers. I believe Finance will go hand in hand with Year end accounts in June(not long now) and the accounts may be held back late until hopefully confirmation of F.lands. As for all the rest i.e. lack of info/communication,lack of cfo buying shares-well we can all agree on that. However; building up a fabrication co./shipbuilder to go from these low turnovers to 80m and then to 200m is just about as fast as it can go i.m.o.

Can't see what Harl could expect to get from this t.b.h.

Xenor re 12:35 Have you read the Admin's review of the scrutiny comm.?

If so then you would not say that he is one sided at all. He was scathing of the IOSSC and i.m.o. seemed very balanced considering that he may well have shares in IOSSC as well as family / friends involved.

It would be as hard to find a neutral person in the Scilly Isles as it was trying to find a neutral juror for Trumps trial.

No Broomtree again you're wrong. The same principle can be applied to H+W if they were to become a prime contractor to the MOD and then instead of supporting smaller SME in the MOD supply chain; they instead take them over.

Anything outside of the Defense Industry is not relevant to this.

"looks like a serious loss making business at least for a few years" Well you're just doing what you criticise others for and wildly guessing, unless of course you can back this up with known figures ?

website,lease on AW,booking agents, eh yeah! operating costs! why did you not just add in wages and fuel as well. As to £500 on helicopter rides,well the people that availed of this will prob be praising Scilly ferries from the rooftops. probably the cheapest advertisement they will get. considering you mentioned previously that they should be spending at least £250,000 on marketing and promotion..

BT for a start, Iossg are not part of the Defence industry ! This article is entirely about Defense and also H+W are not a Prime contractor. Your comparison is not valid.

If they were appointed as a prime contractor and given reassurance of ongoing contracts well into the future, then they would not have needed to get involved in Ferries.

Https://www.telegraph.co.uk/business/2024/05/04/defence-industry-uk-sunak-drone/

good article in DF especially after the recent NI defense enquiry

Gov/MOD need to support SME like Hydra and Evolve otherwise they will get gobbled up; just like Molloy Aero..

and then back to the cycle of big primes getting bigger and controlling agendas/sme's struggling ...

I don't recall any post by BP being offensive t.b.h.?, but maybe there was one and it was taken down before being read by all. don't agree that all his posts from years are removed, makes no sense.

With a constant spread of 8% and a stagnant range of 12.5 to 13.5 for ages it would be good to see a positive RNS put up over the long weekend to shake things up on opening Tue. morning and hopefully break this cycle..

Seriously? You cant even type Ars-nal without this feckin thing cutting it out for being rude??

i think all the inst. investors must be ****nal supporters " boring boring ****nal"

happy to get a 3% divi. every year and wont take any risks...

Ok tks Si D I always assumed they were just simply matching/filling out of buy & sells to complete orders when there was a lack of trading going on; but not something I know anything about t.b.h. any info you have would be appreciated.

Agree LSE He's a well accomplished speaker and knows his brief, and no coughing today from anyone !

not much new as such:-

On track with Civils extension by Cleary

Procurement on track for FSS

problems with Apprentice Levy again mentioned

very brief mention of Irish navy and a whole island solution...

mention of FSS engines being "sustainable" and again mention of importance and effort they are putting into "Social Value" via interns, students, local suppliers, apprentices and mention that they are a social guinea pig programme..

I def think ESG has something to do with HARL's application for loan

https://www.reuters.com/sustainability/sustainable-finance-reporting/loans-linked-esg-face-overhaul-by-under-pressure-banks-2023-11-10/

Yes see what happens...

Perhaps the ESG Loan mentioned in this article is something that might be linked especially with a couple of the recent "woke" appointments.

https://www.txfnews.com/articles/7555/a-greener-direction-for-ukef

Clean Growth Direct Lending Facility

UK Export Finance (UKEF) provides direct loans within an overall limit of £8 billion to overseas buyers. Of that limit, £2 billion has been allocated to support clean growth projects.

The UK has a Clean Growth Strategy which defines clean growth as “growing our national income while cutting greenhouse gas emissions”.

UKEF will align its definition of clean growth with the Green Bond Principles.

Each prospective deal will be considered on a case-by-case basis. Below is a list of the types of projects that UKEF may consider to be eligible for the clean growth direct lending facility.

Renewable energy

Including:

production

transmission

appliances and products

Energy efficiency

Including:

new and refurbished buildings

energy storage

district heating

smart grids

appliances and products

I asked a while back on here, were they going for the green scheme but never got a reply.

its the only thing that fits in that I can see tbh

https://www.icmagroup.org/assets/documents/Regulatory/Green-Bonds/Green-Bonds-Principles-June-2018-270520.pdf

Interesting collection alright..

if you cant beat them - Join Them..