Member Info for stokey12

AimMaster2018 I would refer you to the 1 February 2023 RNS where it says inter alia ' The Company will be receiving a significant proportion of the investment required for the Recapitalisation Plan from the project directly. The Company will also look to capitalise on production savings with new plant and equipment. It is envisaged that £32m will be financed through additional long term leasehold improvements, medium term asset finance and the Company's proposed new enlarged debt facility with Astra, which is expected to be completed by the end of Q1 2023. '

That does not read as the goverment giving HARL a £77m handout. Can you tell us the source for your assertion that HARL will be getting a £77m handout from the government. Are you sure you are not thinking of BAe.

LSE03 ref 18.39 post In view of the amount of steel HARL Belfast must go through that would save a lot was it just tarriff free from the UK or the EU as well?

ref my 18.07 post I spoke too soon just seen this from Sky news twitter feed https://twitter.com/SkyNews/status/1630266240403996673. Will he ever be happy the EU have moved a long way to meet his concerns.

Bubble2021 ref 17.27 post no need to shut up. I have found the Windsor Framework and can be found here https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1138989/The_Windsor_Framework_a_new_way_forward.pdf. I searched for the term ECJ and found 12 plus 1 reference to European Court of Justice. I am not sure if MaryBr90 agrees but it seems to meet the objections of the ERG and the DUP so it might through with fewer problems that I initially thought.

LSE03 ref 16.57 post I am not sure about the Windsor Agreement but I know that the Government is changing the rules around state aid in any event.

Chrisatrdg ref 16.42 post On checking the Belfast Harbour website no it is scheduled to arrive tomorrow and will berth in ST5.

Chrisatrdg ref 16.35 post They are certainly not small. I live in London and did not know so much rubbish was taken away by barge. Only 17 left.

Bubble2021 ref 16.00 post Keep the cork in the bottle we are not in the woods. I note this from the BBC reporting on this 'Von der Leyen stressed this was an emergency mechanism, and said the European Court of Justice would continue to have the final say on single market issues .' I am not sure that this will go down well with either the DUP or the ERG. While the ERG can be overcome with labour support the DUP is more of an issue. They can keep a new NI Executive being formed. One outstanding decision that is being held up is approval for consultants to be engaged to advise on funding for IslandMagee.

Kaeren ref 16.00 if you are referring to my 15.26 post it is not that complicated there are only two alternatives either there will be a RNS tomorrow or there will not so thereis a 50% chance of a right call a five year old can work that out it is so basic.

go_ly_dow ref 15.19 post can you clarify why you think there will be an RNS tomorrow. You do have a 50% chance of being right on that. On your prediction on the share price I assume you are just picking a figure out of the air.

tuan6 ref 12.37 post the £77m is not coming all in one go. Going by what was said in the sub contract RNS I would expect to be received over the next 2 years. I also note that the application is for phase 1 which implies more than one phase so you would want the investment in stages to cover all the phases.

The planning application is nowavailable on this link https://planningregister.planningsystemni.gov.uk/application/667354. Of special note is that while the application was received on 19 December 2022 it has only appeared on the website today. Clearly time is not being wasted.

Kaeren My 07.53 post I have just realised that this would be covered by Scots Law which is similar. See this link https://www.kltr.gov.uk/about/our-policies/#bv7-outstanding-security-or-charge-on-land-fa

Kaeren ref 07.18 post Thanks for this. If Ferguson Marine do end up being struck off then as the article says all their assets will be Bona Vacantia. In those circumstances the business will be owned by The Crown it will be mananged by the BV section of the Government Legal Department. The question is whether the BV section would agree to sell it back to The Scottish Executive or dispose of it as a trade sale. Which then raises the question of whether HARL would step in and buy it.

Kaeren ref 23.04 post As you may have read on twitter CalMac may have some other issues with the repairs to its aging fleet. Some of the vessels were due to be relaced by these ferrries plus the four under order from Turkey. For some reason CalMac does nt seem to be willing to go to outside yards even within the UK to get these repairs done. I think when the work on the Pentalina is finished it is destined to go into the CalMac fleet. If that is the case then it might persuade CalMac to let HARL do some of the backlog of repairs.

On your question about Ferguson Marine going bust that will not happen as it has been nationalised.

Medjed ref 13.33 post similar wwas said last weekend I willbelieve it when the deal is signed and the politicians put the needs of the people before ideology. HARL needs a functioning NI Executive not only to progress IslandMagee but also for the Offshore Wind Industry to move forward.

An interesting article and I note what is said about a placing which is fair. Having looked back at previous placings which have been close to a contract on this ocassion that has not happened. Also for reasons that have been already and the ones given in the article I think we can put any talk of a placing to bed. I note what is said about the JR but that is procedurally inaccurate. HARL is not a party to the JR it is only an interested party.

LSE03 ref 12.07 post They may have missed the boat as it will take time to do all the infrastructure work. HARL has the advantage of having sites being close by existing facilities or facilities that are nearer completion than Rosslare. HARL Belfast is just by the D1 facility. Also HARL Arnish is down the road from the Stornoway Deep Water Terminal which is already under construction all that is needed is for the Scottish Executive to give some backing both political and finanical to the Offshore Wind Industry in Scotland.

Bubble2021 ref 08.01 post I think you have missed a step. We have not had the High Court hearing yet so cannot go to the Court of Appeal.

I have just come across this from Navy Lookouthttps://twitter.com/NavyLookout/status/1629120007354318848