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LSE03 ref 10.47 post an interesting story. I would like to see how it plays out in relation to the regulatory issues. It would seem that the offer may be for the whole group. I wonder if the US may want Austal US to be spun out before giving approval.
Daniel Fearnley posted this on LinkedIn this morning
Daniel Fearnley (He/Him) Director of Energy
32m •
Fantastic to have two of the Harland & Wolff projects being pushed forward into the next stage. Both facilities are strategically positioned to support the offshore wind industry and the progression of these projects is a great recognition of that focus. We look forward to collaborating with the SIM working group to drive these forward. SOWEC. Both of HARL's Scottish sites are in the progress group. The progress group is described as 'There are 19 projects with good or medium interest and relevance to developers. The SIM will support these projects to self-facilitate collaborative engagement with developers, and also bring them together at a marketplace style event later in 2024. These projects are being chosen to progress because of high relevance to supporting offshore wind deployment and good potential for collaboration. '
The full list can be found here https://www.offshorewindscotland.org.uk/news/2024/april/02/full-sim-stage-2-list-published
The entry for Methil states Fabrication Facility Extension & Upgrade (Harland & Wolff (Methil) Ltd
The entry for Arnish states Stornoway Offshore Wind Hub (Harland & Wolff (Arnish) Ltd)
Bubble2021 ref 12.09 post any bid for either Austal or in my opinion HARL is likely to be bogged down in regulatory approvals and may not be approved. I think that the level of government intervention would depend on who is in charge at the time.
I just saw this unusually this visit has not as far as I am aware featured in a post by HARL https://www.putneysw15.com/default.asp?section=info&page=confleuranderson101.htm . Another feature is that this delegation does not appear to be from a select committee. I am therefore not sure of the purpose of the visit beyond seeing what hings are like in Northern Ireland.
Ref my 15.36 post I have just noticed that the full post was not copied the full post is
'Fantastic colour, looking forward to see the extensive branding on her bow. Hive of activity in Belfast this weekend over both dry docks.'
The link is https://www.linkedin.com/feed/update/urn:li:activity:7179492152094138371/
ForrestGump ref 10.04 regardless of which measure of inflation you are using not exactly as it is used in a production of most of the items that are used in the calculation of inflation it has some influence. I am not sure that it would be right to say that it dictates the price of inflation. Increases in the raw materials that make up the prodcuts are likely to have more of an influence.
Twib ref 16.31 post your interpretation seems to me improbable. If the finance deal has been concluded then they would not need to be circumspect about it they would just come out and say it. I interpreted the reference the use of the term recapitalisation works as meaning works to capital assets to increse their value.
Did you not say there would be an RNS at 2.30?
Just fiinished resding this from CityAM. Looks like there might be a delay in cuts in the interest rates. https://www.cityam.com/bank-of-england-rate-setter-haskel-interest-rate-cuts-are-still-a-long-way-off/?utm_source=CityAM&utm_campaign=89c4c2b73a-EMAIL_CAMPAIGN_2024_03_28_10_36&utm_medium=email&utm_term=0_-89c4c2b73a-%5BLIST_EMAIL_ID%5D
Tomorrow is the end of quarter 1. In the quarter there have only been three RNSs. Of those one was a change of nominated adviser RNS. The second was the preferred bidder status RNS in relation to the Falkland Islands contract and the third was the Arnish contract. While I understand JW's view about releasing information I think and I believe I may have said this before the lack of any official information may be giving the impression that HARL will not meet the revenue forecast.
Hopefully we will get more contract RNSs in quarter 2.
Bubble2021 ref 16.33 post I am not aware of any new proposed legislation coming from the government specifically about ferries. That said during the Westminter Hall debate Bon Seeley said that he was drafting a bill to bring in a regulator for ferries. However, it is very hard for a Private Members Bill to get through without explicit or implicit government support.
Bubble2021 ref 14.43 post I read the Hansard report of the Westminster Hall debate yesterday on the cross Solent Ferry and judging from the Minister's reposnse HMG will be veryn hands off.
What is not clear to me is whether the creation of an investment zone for all of Northern Ireland would mean that a Freeport centred in Belfast Harbour will not be proposed. Also I still not sure if the final proposal would be for an all Norhern Ireland Investment Zone. It is clear that this is a work in progress.
Running1 ref 17.22 post I would also draw attention to part of the response from Deputy Martin where he says ' I take the Deputy's point in terms of Belfast and its capabilities. I generally agree with what the Deputy has just said there. ' When you also note that Deputy Martin also said ' Also, in terms of an earlier question from Deputy Mick Barry, we need to procure ships, aircraft, equipment and weaponry. There is a need so there is a need for a defence industry.' It may be that HARL might subject to the procurement rules become the preferred shipbuilder for the Republic of Ireland due to the sensitivities around the need for a Defence Industry.