Member Info for stokey12

Just seen this https://twitter.com/HarlandWolffplc/status/1669754046796771346

Hebridean9 ref 14.59 postWe do need to see the finance deal. I suspect that you may not be comparing with like for like. If you recall UKEF will be involved in some way. This would imply that some of the funding will have an export element in it. Also if UKEF are part guaranteeing the finance then the interest may be significantly lower than you quoted.

Do you know if the link road by Arnish is completed yet.

LSE03 ref 09.24 post Thanks for this. I note that they did not just repeat what was in the RNS.This can be seen by the reference to the barges which was not in the RNS.

Hebridean9 ref 14.04 post you will not get a RNS from them as while they may be part of a group where some of the members are quoted companies it is not a quoted company.

Chrisatrdg ref 16.32 post Interesting there are only three terms in Northern Ireland compared to the four in England and Wales. Would be interesting to see if we do have a judgement this month.

What I found interesting about the interview when it relates to the JR is that JW now thinks it will take longer than me for the judgement. Initially when the JR finished JW gave a 2 -3 months for the judgement this was inline with my view. In the interview he seemed to be suggesting September that is longer than I would have thought.

Broomtree ref 11.19 post I would agree with you especially as they cannot afford a properly manitained Navy. If i recall the Irish Fishing Fleet had to scare off the Russian Navy a few years back.

Si_Derman ref 22.06 post Thanks I think you are right note to myself be careful posting when having a frustrating daylight make mistakes. At least I do not make snide digs at people as you never know when you might need there input and do not get it.

Just seen this advance warnng? https://twitter.com/StockBoxMedia/status/1664279063517855744

MaryBr190 ref 12.09 post The list of all advisors can be found fromthislink https://www.harland-wolff.com/investors/advisors/. The auditors are PK Littlejohn.

RichardMcV ref 09.32 post I am expecting them on the 30 June.

In relation to general rather than company specific issues I have come across the following article around a new consultation https://www.lexology.com/library/detail.aspx?g=1a5fea3e-445c-4615-a52d-7b20fc49b4e8&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+General+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2023-06-01&utm_term= This new governance codewillnot e coming into force until FY25 so time to prepare.

LSE03 ref 12.29 I would not be surprised if the local enviromentalist in IslandMagee object to the proposal on the grounds of the effect on migratory birds in the area. HARLis conviently close to the area so can cut the costs involved in fabricating parts and delivering them to the site.

Navy Lookout just tweeted about this on their feed https://www.navalnews.com/event-news/cne-2023/2023/05/uk-plans-new-commando-insertion-craft-cic/. I note that HARL was exhibiting at this event and had if I recall correctly a private invitation only event at the event. I am not sure if there is any connecion or if HARL had other things in mind.

Roly12 ref 11.12 post the short answer is yes he has to make the decision. That said and the reason why we may need to wait until close to the end of the legal year is that there is a high risk of an appeal so he will take extra care with the judgement.

Just seen this from NI Ferry Site. https://www.niferry.co.uk/new-rosslare-ferry-leaves-belfast-following-dry-docking/

Bubble2021/Lottie123 Thanks brief visit as I will be off the board next week for a few weeks.

Caravan ref 12 May 2023 16:50 post. I have been off the board for a while so have not had the time to respond. You asked about the signifcance of the JR. To understand the significance of the case you need to appreciate that with a JR you are asking the Court to exercise its Supervisory Jurisdiction over public bodies. In this instance a quashing order is being sought to quash the decision to grant IslandMagee Energy, a subsidiary of HARL, a marine license to develop seven caverns to initially store gas. Important Note it is only the Ministers decision to grant the license that is being challenged the underlying application would still survive. The effect of this is even if the JR was to succeed, with one exception, all the Minister needs to do is retake the decision inline with the Court's judgement.

As to the significance of the case if DAERA was to successfully defend the JR then IslandMagee Energy would have a, by my calculation, 40 year guaranteed source of income. In addition depending on what the final financing decision is it could affect the value of HARL. I say this because let us say that HARL exchanges 40% of the equity in IslandMagee Energy for the funding of the project that would give you a figure for the value of IslandMagee Energy. This is because if 40% of IslandMagee Energy is worth X then 100% is worth Y. It follows that HARL must be worth more than Y.

So in short the JR is significant as it would a) give a rough estimate of the value of HARL and b) provide a 40 year income stream.

Does anyone living near Appledore, Arnish or Methil have any news as towat is going on. I know we had a ship going into Appledore in April.

Si_Derman ref 23.44 post thanks very much for this. As you know I do alot of research but this is an area I think I will give a wide berth to.