Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This came from the UK Defence Journal twitter feed https://ukdefencejournal.org.uk/uk-increasingly-reliant-on-allies-to-protect-british-interests/
Scaffman ref 13.58 post the first indicator that HARL is on the right path will come when the FY23 accounts are published which is due by the 30 June. The second indicator is the H1 2024 interim results which are due by 30 September this would be the first indicator that HARL is on the road to profitability. The next indicator will be in June next year when we have the FY 2024 results. So I am not sure that 1 - 3 months would tell us much unless the accounts come out before 30 June.
Nobby31 ref 12.54 post leaks would be almost impossible to avoid when you consider the number of people involved. Interesting that the view given to you that it might be transformational given that some on here having been saying about the debt level.
MaryBr190 ref 11.10 post I am going to respectfully disagree with you. The issue I see is that the mix of busimesses and contracts means that whoever was to ake a bid approach would have a number of non core assets that would need to be disposed of. As an example if either BAB or BAe were to make a bid appproach they are unlikely to want to retain either Anish or Methil as they do not seem to be suitable for shipbuilding without significant capital expenditure. In addition BAB would need to admit that they were wrong to dispose of Appledore when they did. Furthermore I suspect that MoD would express a negative view of such a move as they want to develop a thrid shipbuilder.
In relation to Arnish and Methil while a company looking for acreage to develop a factory might want either one or both of Arnish or Methil Belfast and Appledore would be non core assets and would need to be disposed of or managed.
What might happen is that there is a J/V to develop Methil to handle the Offshore Wind Sector.
Hebridean9 ref 21.29 post You refer to the distressed balance sheet. I would agree with you about the state of the balance sheet as at 31 December 2022. However, as I have stated before due to events in 2023 I am not sure that the balance sheet remains distressed at present. We will need to wait until the FY2023 accounts are published but the balance sheet would be affected by the FSS Manufacture Sub Contract. As well as the existence, if any, of any prepayments in relation to the FSS Manufacture Sub Contract.
Broomtree ref 19.39 post you are taking my comment out of context. The post that comment was taken from was dealing with a particular point where HARL was being compared with another now defunct company. My argument was that the fall of the other company was not due to the MM as stated in the post I was relying on but by the actions of the board. The comment you quote was comparing the approach to refinancing and has to be seen in that context. While it is true we do not know the full terms of the financing we know enough to compare the two.
Forrestgump ref 17.54 post apologies for discussing another company on this board but I must disagree with you about your comparison between Sirius Minerals and HARL. In my view thereason for the demise of Sirius Minerals had nothing to do with the MMs. The issue in my view was that the BoD of Sirius Minerals overcomplicated the restructuring the finnaicng of the company so it was forced to agree to a takeover. I know some would say that is what is happening here but I would disagree the proposed debt package is more straightforwad than what was contemplated with Sirius Minerals.
This has just been posted on LinkedIn. Another political visit this timr to Methil. The text of the post says
Harland & WolffHarland & Wolff 34,813 followers34,813 followers
21m •
21m •
Earlier this week, we welcomed Alex Rowley MSP to our site in Methil. Rowley is the Scottish Labour Party’s Shadow Cabinet Secretary for Transport, Infrastructure and Connectivity.
During his visit he received a briefing on Harland & Wolff and shared details of Labour’s proposed Green Prosperity Plan and National Wealth Fund.
Additionally, Mr Rowley was able to see first-hand the investment that has been made in the Methil workforce and met the growing class of apprentices as a part of Scottish Apprenticeship Week.
The MSP for Mid-Scotland & Fife congratulated first-year apprentice Lorna Downie, who has recently been awarded the Foundation Apprenticeship Advancement Scholarship by the Adam Smith Foundation and Fife College.
The link to see the photos is https://www.linkedin.com/feed/update/urn:li:activity:7171520138364473347/
LSE03 ref 12.01 post I note that it says 'Albert Allan, managing director at Arnish, told the Gazette that while some of the Falklands steel work might come to Lewis, the yard’s current projections do not require it.' that could mean that further contracts under the master serices agreement are expected soon. Alternatively that another sizable contract is expected soon or both.
Was this posted before it seem sto be from three weeks back. Does not ring a bell and only had one comment on it on LinkedIn
Paul Aspinall Director of Strategic Bids 3w •
I am hiring in Belfast.
Excellent opportunity for someone to join the team as a Sales and Opportunity Manager, supporting our Ship Repair capability.
This is a fast paced role that involves assessing and pursuing short term opportunities as they emerge and long range docking opportunities with the wider business; similar to the SeaRose contract (FPSO vessel that docked over the weekend on a contract worth in excess of £60million).
The role responsibilities are to support the Market Sales Director and the Harland & Wolff internal functions to plan and price potential dockings, interface with customers and take responsibility for internal stakeholder management of the operations, delivery, commercial and contractual departments in a bid to securing new and future dockings.
Maritime experience would be beneficial but certainty not a show stopper for the right candidate. This is an incredibly exciting time to be joining Harland & Wolff with so much growth and opportunity in our sights, please feel free to drop me or the Recruitment team a line or apply directly using this link.
AimMaster2018 ref 16.43 post May I respectfully remind you that this is the HARL board and is supposed to be about HARL and areas that it may be intending or does work in. So can you keep on board topic or risk being reported.
Posted earlier today by Ben Murray
"For an island community to encourage candidates to remain on the island or indeed come back to the island is critical for the health of the local economy."
As part of #scotappweek24, Harland & Wolff's General Manager for Arnish, Albert Allan, spoke to UHI North, West and Hebrides about how apprenticeships can support the local economy.
#ncw2024
The link is https://www.linkedin.com/feed/update/urn:li:activity:7171131386517549056/
Just came across this article in relation to the Arnish contract https://www.energyvoice.com/oilandgas/north-sea/subsea/549438/harland-wolff-wins-subsea-work-at-arnish/?utm_content=177828308&utm_medium=social&utm_source=linkedin&hss_channel=lcp-5053468
Ben Murray reposted the following on LinkedIn
BREAKING NEWS: Maritime UK launches National Maritime Awards! 🏆
Maritime UK are delighted to announce the much anticipated Maritime UK Awards 2024, taking place at the world famous Titanic Belfast, on Wednesday 5th June.
The Maritime UK Awards highlight the vital role that maritime plays, supporting the UK economy, contributing more than £116 billion yearly, and supporting over 1.1 million jobs. 🌟
Diamond Sponsors: Artemis Technologies Ltd Harland & Wolff Stena Line Visit Belfast
Find out more now: https://lnkd.in/eHc-iHVb