Member Info for stokey12

Taverham ref 16.54 post it is also worth that UKOG has recently has an adverse Supreme Court decision meaning that they effectively has to go back to the drawing board. If you have not read it you can find it here https://www.supremecourt.uk/cases/uksc-2022-0064.html apologies for going off topic.

LSE03 ref 14.58 post very intresting development looks like Ben's charm offensive might bear fruit especially if the results on Thursday support a return of a Labour Government

Caravan ref 13.41 post I agree this is the second time in the last four years that an extension has been needed caused by issues with them.

Phillip1976 ref 13.30 post Ben Murray has spent a lot of time making contacts with members of both political parties so it looks like that as been covered.

This article has been published by the Transport Correspondent at CityAM https://www.cityam.com/titanic-shipbuilder-harland-wolff-suspends-trading/ I am not sure how even handed it is it does note some of the figures from the results.

Jfk9 ref 11.07 post The issue and why it is taking so long is that HARL has a number of contracts where they were prepayments and this resulted on how these prepayments shold be treated. Going forward hopefully there should be no more problems.

Trish63 ref 10.03 post this is normal as HARL has not filed the accounts for FY23. Once the accounts have been filed the suspension will be lifted.

I am not sure if anyone noticed this from the RNS 'Notwithstanding the anticipated temporary suspension of trading in the Company's ordinary shares, the Company will continue to make announcements as and when there are any developments that require announcement in accordance with its obligations under the AIM Rules.' Seeing as we have not had many RNSs so far this year I am wondering if there is a hidden meaning behind this.

Garonne ref 07.30 post I disagree that statement is inline with what JW said in his recent TV interview. If HARL does not get the UKEF guarantee it would slow the company growth. For reasons that have been explained ad nauseum the Scilly Ferries have nothing to do with this.

Alansugareatyour ref 07.25 post I was referring to posts in previous weeks that were saying that losses have increased. Whether the losses have in fact increased is debatable as while some figures have gone up on the balance sheet in relation to the Trade Receivables. This may be attributable to payments received on multi year contracts. The gross profit is up very significantly. The operating loss has more than halved and the loss for the year is down by what looks like 40%. These figures are not what the doomsayers have been saying for months.

Chrisatrdg ref 07.06 post I have read both the RNSs and they are not as bad as some on here were saying. It seems that some £13m has been moved into this year which is good. The information in relation to the SeaRose is very encouraging. I will try and look in during the day but I am in a Zoom meeting today.

Thenorthend ref 17.09 post My view is that whether by HARL or by another company there will be salt caverns at IslandMagee. Depending on how Friday's hearing went the option of a disposal that ensures that HARL is compensated for loss of future profits by way of a J/V or otherwise is still possible. The only thing that has been stopped is discharge into the sea.

Re my 0647 post that should read they are not doing their jobs.

One of three things will happen tomorrow nothing is to be taken in relation to the order they are listed.

1. The FY2023 accounts will be published and all will be well.

2. The FY2023 accounts are not published and trading in the shares are suspended

3. An extension of time to file the FY2023 accounts is granted. The last time that this was done for HARL the accounts were subsequently published within the extension period.

What might happen tomorrow is

1 We get a trading update this is now overdue by anyway of calculating. In November responding to a question from me it was stated that updates will be every six months. The November trading statement was not a trading update in my view and even if it was it is now seven months since then so an update is now due.

2 News on how the debt finance is progressing or even better news that it has been concluded.

3. Unless mentioned in 1 above contract news.

I know some people seem to think that if the shares are suspended that people will stop trading with HARL and employees will not come into work. With all due respect to those posters that is not going to happen. For it to happen it would mean that all 1600 or so employees and apprentices spend all their time tracking what is happening with the share price. I would be alarmed if they were doing that as it would mean that they were doing their jobs.

Kaeren ref 19.45 post good thing that the Procurement Act 2023 is not in force or they would be at risk of becoming an excluded supplier and ineligible to tender for public contracts. Even after October nothing that happens before then can be used against them.

I came across this on twitter https://x.com/OnthisdayRN/status/1806567454631469508 the post says

OnThisDay 1961 the first Leander Class Frigate HMS LEANDER is launched @HarlandWolffplc

,#Belfast. The class of 26 were a huge success and would serve

@RoyalNavy

until the 1990s. The last British Leander was still in service with @indiannavy

until 2012.

The post was dated 28 June 2024.

Jfk9 ref 09.48 post Subject to any further appeals yes.

Jfk9 ref 09.25 post It is

Saoirse12 ref 14.16 post do you know what happened in the end. I presume that judgement was reserved.

Just noticed on Belfast Harbour website that the SeaRose is now due to depart on 1 September 2024