The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Bubble2021 ref 13.31 post What we do not know is what stage payments are payable under the manufacture sub contract between HARL and Navantia. It is a seven year contract for around £750m so I would not expect HARL to have to wait until the end of the contract to be paid.
Compoundinterest ref 12.53 post I did not say that the £300m+ was coming from SOWEC that figure comprised of Export Development Guarantee Funded Loan of £200m less $115m existing debt which is being paid from it. At today's exchange rate that would leave around £108m. Plus £270m investment funding this would come from SOWEC in whole or in part. How any shortfall in the investment element will be covered I am not sure. It is possible that a JV may be formed to develop either or both of Arnish or Methil.
This from the BBC https://www.bbc.co.uk/news/live/uk-scotland-68918348 I am not sure if this will affect the funding of SOWEC as the Scottish Executive is one of the partners in SOWEC.
Hebridean9 ref 11.29 post On what factual basis is this based on. As I posted a few weeks back the total of loans to be used for investment and investment from SOWEC amounts to over £300m. Of this only as far as I am aware £92m will be loans based on an exchange rate of 0.80USD to the GBP. In addition there is support in getting renewables contracts which would bring in work.
I would observe that we do not know the basis on which Ministerial approval was given for a 100% guarantee fir the UKEF funding. In my opinion there must have been evidence that it would bring in jobs and contracts exceeding the amount of the loan.
This from Cruise Industry News explains the recent departure and return https://cruiseindustrynews.com/cruise-news/2024/04/margaritaville-at-sea-islander-completes-sea-trials/ Looks like the refurbishment work to the systems were successful which should hep in getting more cruise refit work.
Bubble2021 ref 10.24 post I know about those things but there is no reason to believe that either will happen soon. In fact judging by the updates from Chrisatrdg about the judgement in IM I am not sure that we would hear anything this month.
Scaffman ref 11.57 post The Buyer Finance Solutions which are shown on the link I provided are the ones I was referencing in my post. They are separate from the Export Development Guarantee Scheme that HARL has applied for.
This from Cruise Industry News shows that HARL will be getting more free adevertising https://cruiseindustrynews.com/cruise-news/2024/04/villa-vie-residences-launches-docuseries-on-youtube/m There is already a film crew documenting the refit of the SeaRose now the Braemar. I suspect that the SeaRose documentary will be of higher quality.
Dawski37 ref 08.57 post In relation to the point about making sure that HARL will get paid as can be seen from here https://www.ukexportfinance.gov.uk/products-and-services/ Export Credit Finance have a number of solutions to finance Villa Vie Residences contractual payments. I am sure that JW will have persuaded them to use one of these so as to ensure that he will get paid. The same would apply to the Islander and probably to the SeaRose which has an interesting ownership.
Dawski37 ref 08.57 post Is this then video you are referring to https://www.youtube.com/watch?v=4cNuFx2JFWE the title is not the same but it seems like it is.
Just seen this I am not sure if it has been posted on here before https://www.linkedin.com/feed/update/urn:li:activity:7188563428062474240/ The comment from Paul Bayley is interesting and I agree with him. The text of the post is.
ADS Group Ltd 15,627 followers 3d • Edited •
3 days ago
📢 Defence Spending Increase: Our reaction
"The unexpected formal commitment of an additional £75 billion for Defence spending by the Prime Minister today is one that industry and MoD welcome. As our world gets increasingly more dangerous, this unprecedented commitment to ensuring our collective security and the livelihoods of many throughout our country is necessary to our collective economic, social and national advantage.
Industry awaits confirmation of where this spending will be focussed - and the opportunities for our members and sector which provides some £9.8 billion in value add to our economy each year. Of course, the true value of our sector - providing our safety, security and way of life - is not one that can really be economically quantified."
- Kevin Craven, CEO of ADS
⚙️ Read our full defence outlook that highlights the sector's contribution to the UK's economy: https://lnkd.in/eJrdGPpS
The transcript of the first evidence session can be found here https://committees.parliament.uk/oralevidence/14638/pdf/
From the committee website Hearing on 1 May 2024 I will be unable to attend so I will have to rely on somewhere else to provide feedback.
At 9:30am: Oral evidence
Inquiry Defence Spending in Northern Ireland
Ben Murray
Chief of Staff and Corporate Affairs at Harland and Wolff
David McCourt
Director of Strategy at Thales
Nick Laird
Managing Director, European Space and Defence at Spirit AeroSystems
I see JW is not doing this one.
HARL has just repoted this
Natasha Brown 3rd+ Procurement - strategy & operations. Supplier engagement and management. Transformation.Procurement - strategy & operations. Supplier engagement and management. Transformation.
1mo •
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