Member Info for stokey12

Trendz ref 12.11 post an equity placing for the whole £77m for technical reasons is improbable as would effectively be a takeover with the SPthis low. I would favour an interest free loan. As far as IM is concerned it can only be sold if there is no appeal from the decision. In any event I suspect JW would want some kind of continuing involvement so as he could recoup the forward income he would lose by a sale.

Dontgiveup123 ref 10.44 post if you check the date on the article you will seeit is an old article. Also I believe that date is before the submission of actual tenders for the FSS contract. I, therefore, do not see the connection also this tweet from Naval Lookout seems to cast doubt on your suggestion. https://twitter.com/NavyLookout/status/1601872455550861315. What I found interesting is that although Cammell Laird built the Sir Richard Attenborough it did not get the maintenance contract. If this is a signal that Cammell Laird has fallen out of favour with the MoD then HARL might get more MoD work. I wonder if HARL put in a tender for this.

LSE03 ref 10.56 post If I am reading all those nice graphs correctly demand is predicted to outstrip supply by the end of the day. I think they ay need plan B soon.

Gillybg ref 10.56 post I wholeheartedly agree with Mr Wheatley except I do not think we will have to wait to long to test the strength of the energy system. I amsurely not the only person who has had the heating on almost non stop since Wednesday.

Avyererdowt ewf 09.43 post No I was going by the inforation in the Proposed Debt Facility RNS. The finalised agreement should be done in the next two weeks.

Dontgiveup123 ref 20.15 post It has to be remembered that IslandMagee currently only has planning permission to store gas in the caverns. There is nothing once the caverns are built preventing HARL from applying to store hydrogen in the caverns.

Trendz ref 17.43 post my comments are as follows:

In your post you said '6. Debt of £30m in interims but let’s assume £60m after Riverstone facility fully drawn.' This facility is being replaced by the Astra Asset Loan which originally is a £75m facility with the parties wrking towards increasing this to a £100m facility. As Astra are sittiing on a significant paper profit on the 15m warrants which they get as part of the deal for the facility I do not forsee any problems with the facility being raised to £100m.

In relation to the FSS contract it is questionable if the blended gross margin of circa 24% will be achieved as where gross margins for defence have been found they have been under 10%. This might have the effect of lowering the blended rate. Apart from the FSS contract the known contracted revenues are the Cory barges contract of £15m and the M55 contract which is another £25m. There is also the Athelstone conversion no details have been given as to what the Athelstone will be converted to and what the contracted revenue on this project is.

Revenues for FY23 and FY24 are subject to a certain degree of uncertainty as in these years uder current plans pre construction works will be going on in relation to the FSS ontract with construction works due to start in FY25.

The real issue with regards to predicting revenues in FY23 or FY24 is that we do not know what, if any, fabrication contracts HARL will get in the renewables area, On this basis I would agree that your figures might prove on the conseervative side.

ForrestGump ref 13.19 post as I am sure you remember the relevant Northern Ireland Minister has already granted the License. It is disposal of the Judicial Review in Q1 2023 that we are waiting for.

bonzob ref 13.13 post While I do believe it unlikely it cannot be ruled out for two reasons. Firstly the Department that will be answering questions on Monday so a statement being made immediately after answering questions is not outside the realms of possibility. Secondly, Monday is one of six days left before the Commons rises for the Christmas and New Year Recess so is one of the possible days for a statement.

On Wednesday the Ministers from the Northern Ireland Ministers are answering question in the Commons. One question that caught my eye is this one. 'Whether he is taking steps with Cabinet colleagues to help Northern Ireland become self-sufficient in energy supplies'

According to the Belfast Harbour website the Seatruck Performance is scheduled toarrive at SRQ at 06.20 on 10 December and leave 19.00 on 12/12.

The full list of questions to the Defence Ministers can be found at this link https://commonsbusiness.parliament.uk/Document/61428/Html?subType=Standard#anchor-3. As usual there are some questions whih more than one MP is asking the same question. Much to my surprise there are no direct questions on FSS. Questions 1 and 12 is ' What steps his Department is taking to support defence jobs in the UK' This is similar to Questions 3 and 4 which asks 'What steps he is taking to support UK companies in the defence sector.'

Questions 1 and 12 seems to be asked every Defence Questions session.

LSE03 ref 14.28 post thanks for this hopefully HARL will be able to get some work from this with 60 vessels planned.

Just seen this on the Navy Lookout twitter feed. https://twitter.com/NavyLookout/status/1600419695781347328

Korda ref 07.46 please do not do all 106 questions as some are just repetitive. There are only about tenin my view that provide useful information.

LSE03 ref 19.27 post I was listening to this recording this morning and I am sure I heard the Defence Secretary or Kevan Jones say that Appledore is working on three ships for the Lithuanian Navy. I thought it was just the one. I do not recall seeing anything about any other ships for the Lithuanian Navy.

Noted in the Order Paper under written statements

Secretary of State for Levelling Up, Housing and Communities

3.Electoral Commission – Performance Standards for Returning Officers and Electoral Registration Officers

4.English Freeports Update .

There was an application for a Freeport close to Appledore which did not cover Appledore though. It would be interesting to see if anything is said about that application or applications in the devolved administrations.

Gilbosconi ref 19.55 post In the last two leadership elections he was highly tipped but declined to stand. As an ex Sots Guards Captain I think he is quite happy where he is so long as he gets the funding he wants. I suspect that BAB and BAe would rather he was not in office when the Terms of Business Agreement expires as I am not sure Mr Wallace will agree to a renewal.

Steamineagle ref 13.55 post no problem we should always share relevant information. What i find scary is that the inflation rate appears to be 10% in less than two years.

roly12 ref 13.36 post The reason I was able to tip people off about the FSS contract announcement was that every morning I would check for any written statements from the MoD. Since the FSS decision I stopped checking for written statements. To try and beat the MM or anyone trying to trade the shares go back to checking for written statements. Depending on the day of the week this gives up to six hours warning.