Member Info for stokey12

Lottie123 ref 08.06 post Interesting sounds like protectionism to me. I thought the EU was for fair and transparent non discrimatory procurement. This raises a question over the EUR300m new vessel for Republic of Ireland will the UK either on its own or with a European partner be allowed to bid for it. From this article it would seem that Dublin would lose incentives if it did give it to the UK.

Lottie123 ref 06.55 post Do you have a link to go with this?

Interesting contract to have won. This first order is not large on its own but maybe the next one will be larger. Should also be a good test for the new link road to the Deepwater Terminal.

Leggy11 ref 16.52 post about this time last year HARL was awarded a £600m - £700m manufacture sub contract for the Fleet Solid Support. The share price did not even go up by 50% so what makes you think a £120m contrat would cause a 300% jump in the share price?

Go_ly_dow ref 16.14 post Sorry topour cold water on things but I disagree with your projections going by previous experience I would not expect more than another 2p on the share price without any more news. So if you are right it would be a pleasant surprise.

Just seen this and it is worth a watch the highlights for me are

Market Intelligence

- Analysts at Cavendish leave their forecasts UNCH

- But note, HARL would have an estimated c£170m of contracted revenue in FY24E

- Further improving their visibility over the £200m in their FY24E forecast

- Share price is up 11% on the news

Hopefully we will see a further uptick on the SP after this.

HARL have tweeted on the new contract and the tweet can be found here https://twitter.com/HarlandWolffplc/status/1764938923585814844 The story on the HARL website can be found here https://www.harland-wolff.com/news/developments-made-on-falkland-islands-port-facility-project/ . There is a discrepancy between what is in the RNS and what is on the website. I am seeking clarification.

Lottie123 ref 08.16 post I am reasonbly positive that the FY24 guidance will be met. I am not sure about being exceeded. This contract plus SeaRose would bring in circa £111m. That is made up of £61m from SeaRose and £50m on this contract. This is based on the contract coming in at £200m and a milestone payment of 25% for the first six months on the contract. There is of course the Islander and Odyssey contract which we do not have figures for. Also there might be over left field contracts to appear.

There is this from Navy Lookout on ths morning's news https://twitter.com/NavyLookout/status/1764920946123481514 It does not say anything new but there are some nice photos.

Si_Derman ref 07.42 post I think the answer is a technical no. While this contract may qualify for funding from UKEF it would be from a different scheme compared to the one that is guaranteeing the loan. I am also not sure that a government can apply for funding under the scheme.

Hopefully this time HARL does actually make the further announcement as it does not always follow through with the promise to provide further details.

I was not expecting this morning's RNS that is some award. It explains what will be happening in H2. It is a real filip for HARL.

Bubble2021 ref 16.15 post since everyone on this board is presumably over 18 I think it may be wiser not to suggest that people should filter another poster. We are all old enough to make our own decisions on whether to filter someone.

Broomtree ref 13.04 post I would interpret that to include the Republic of Ireland as well as Northern Ireland.

Just seen this looks like HARL are engaging a wide spectrum of political parties in Northern Ireland https://www.linkedin.com/feed/update/urn:li:activity:7170392633008082944/ The text says

'On Friday, members of the Harland & Wolff team attended the Alliance Party of Northern Ireland Conference Dinner. We spoke with senior politicians including Tánaiste, Micheal Martin TD, and Alliance Deputy Leader, Stephen Farry MP.

Our team is always keen to engage with political stakeholders to showcase our four markets and six services approach to growing and providing excellence throughout the UK and Irish Shipbuilding industry.'

LSE03 ref 10.09 post this shows the need in my view for a Northern Ireland Investment Zone covering Belfast. Without this investment will be driven away from Belfast which might restrict how much HARL can grow in Belfast.

What has happened to the idea of HARL getting its own tugs. As I see it this together with the new debt facility could significantly reduce running costs to HARL.

Si_Derman ref 14.41 post One interesting fact, well I found it interesting, while the Methil and Arnish bank accounts are within the security the actual sites themselves are not. (See the reference to Scottish Assets and Schedule 4). So not all the HARL sites are covered. Need to read the document again to see what is said about the Northern Ireland Assets.

Broomtreeref 12.22 post can you please confirm the year of that announcement as I cannot find any RNS with that date for either this year or last year.

Before we get more comments about HARL being Hocked to the hilt to Riverstone I note that HARL have filed an updated charge with Companies House. From a quick read it just updates the previous charges to add Harland and Wolff (Marine) Limited and Harland and Wolff (Technology) Limited to the charged assets. The amount of the charge remains the same as far as I can see. You see the charge here https://find-and-update.company-information.service.gov.uk/company/06409712/filing-history.