Member Info for stokey12

Just seen this tweet from H&W https://twitter.com/HarlandWolffplc/status/1500078203368615938 The text says The Venture left the Appledore slip today. Another great job by the Appledore team! I cannot recall when it arrived.

mcadder ref 19.23 post The debate that the Mirror was referring to was Thursday's adjournment debate. What Mr Whitley said was that the government should commit to giving the tender to Team UK. A decision is due around July and I have of the view ever since the names of the bidders was announced that it would go to either Team Resolute or Team UK. I remain of that view. I suspect that the deciding factor would be social value.

Si_Derman ref 16.10 post this is a prime example of why you do not rush legislation. The law of unintended consequences will rear up. It seems in this case the tankers were not owned or chartered by a Russian entity but the goods were Russian.

The following is the text of a message I have sent via the contact form on the company website. If I get a result I will post it.
I am looking to increase my current holding in Serinus Energy during the course of the next financial year. My investment would be in the region of £5-10K. The concern I have is that despite the increase in oil and gas prices during Q4 2021 we do not appear to have any Q4 results. This amounts to red flag. We have quarterly results for every other quarter in 2021 so the absence of the Q4 results is troubling. Can I ask for clarification for the absence of the Q4 2021 results. Also can you please confirm when you would be publishing the Q1 2022 results.

Regards

Lottie123 ref 07.53 post the relevant text says

The ships return
With the nimbleness and speed of the Queen Mary turning hard to starboard, the national shipbuilding strategy may hove into view sometime soon.

A 30-year masterplan was promised last summer by the self-appointed shipbuilding tsar Ben Wallace, the defence secretary. The prime minister has promised to “bring shipbuilding home”. Nothing on the horizon just yet though.

The British ship and boat building sector now employs just 29,000 people. More a cottage industry than an economic powerhouse. Yet there are prizes to be won as the shipping industry goes through its decarbonisation moment. The UK needs — and has the capability in yards around the Solent, at Harland & Wolff in Belfast and around the country — to build dozens of boats for border patrol and the coastguard and the maintenance vessels for the burgeoning global offshore wind farm sector. And with the sort of support given to the automotive industry, it has the technology to build them with low-emission propulsion systems. Yet, as is the way with government ministers, they are much more interested in talking warships.

Boris Johnson’s visit to Rosyth this week prompted excitement that he may launch the shipbuilding strategy there in the shipyard from where, in a rare export contract win, Bab**** is building Type-31 frigates for the Ukrainian navy, albeit in one of those strange deals in which the UK is lending Ukraine the £1.7 billion to buy the boats.

The current difficulties on the Russian border, however, made that all a bit awkward. But it is to be hoped — by all parties concerned — that when the first vessel emerges, maybe within two years, Ukraine remains a sovereign buyer of the boats.

I do not think this has been posted before https://www.thetimes.co.uk/article/more-questions-on-horizon-scandal-6q3mcmzl9. After the story on the Post Office Horizon scandal it touches on the National Shipbuilding Strategy with a brief mention of HARL.

Bubble2021 ref 20.01 post the Tuesday publication date for the National Shipbuilding Strategy is a guess by mean based on cryptic comments from a government minister. In reality it can come out anytime. As the SMI conference starts on Tuesday they could do a written statement to launch it on Monday and then have a debate on Tuesday.

I think the SMI must be having kittens by now as they had intended to discuss the National Shipbuilding Strategy at the conference.

I have just listened to the adjournment debate on shipbuilding which was actually an hour early at 4pm. The Minster was pressed by the Member for Birkenhead who was moving the debate to commit to the FSS tender to go to Team UK. The Minister did not commit to this he made the point about the importance of social value. Judging by the look on the face of the Member for Birkenhead this was not what he wanted to hear. As an aside on the question of apprenticeships Cammell Laird's scheme is no bigger than HARL's.

On the National Shipbuilding Strategy refresh the only thing the Minister would say was that it would be published in the very near future. He also said that he would present it to the house this would mean the earliest that it will be published is Monday. Looking at the proposed business for Monday that would be problematical as a Bill is being rammed through the House on Monday. I would therefore suspect that it is more likely to be Tuesday.

If the share price keeps going up like this then the BoD will be forced to publish a statement to explain the sudden increase in the share price as it is not following an RNS. Hopefully we do not get a we have no idea statement that is the last thing we need.

The next investors event is at Methil in two weeks is anyone planning on going. I am still planning to go to the Appledore event and possibly Belfast after that.

Mikeydj ref 08.59 post people would need to replace the astersiks with directors talk interviews .com minus the gaps to read the interview. One question of note is

Q2: What changes have you made to your forecasts?

A2: With Serinus having reported a US$0.8m net profit for the nine months to September 2021, our recently upgraded estimates indicate FY21F revenues of US$41m and adjusted EBITDA of c.US$12m. Whilst we forecast healthy earnings progression through this year and next, we believe that the company’s cash generative qualities are particularly underappreciated – forecasting FY22F funds flow from operations of c.US$15m and noting the extremely strong European gas prices which currently prevail.

Lottie123 ref 10.20 post I am not sure with a Russian sounding name some people may not be willing to use it. I know that it has American owners now but even so there might be some reluctance.

I have just checked the Belfast Harbour website and can confirm that the Eduard Toll departed shortly after 9.30 according to VesselFinder it is en route For Orders see https://www.vesselfinder.com/vessels/EDUARD-TOLL-IMO-9750696-MMSI-311000548. A Google check shows this status means 'For Orders' is a term entered by the ship's captain to the vessel's 'Destination' field and implies that the ship has no current destination and is available for charter' Looks like it was persuaded to leave early.

Lottie123 ref 07.56 post I am hedging my bets with a holding in SENX which I might topup later in the year so whichever way it goes I should not lose too much. I agree that HARL should be able to profit from all the fabrication capacity it has. Hopefully we will hear something soon on that front.

The SMI Conference starts on Tuesday. As will be seen from this article https://www.maritimeindustries.org/events/all-events/smi-annual-conference-2022 it was assumed that the National Shipbuilding Strategy would have been published by the time of the conference. I have checked the Commons Order Paper and there is no written statement on that subject being made today. I note that the shipbuilding industry is the topic for the adjournment debate at 5pm so it is possible that an announcement would be made in the Minister's closing speech. However if that was done there would probably be protests from MPs as they would not be able to respond.

The next available sitting day before the conference to publish the strategy is Monday.

Just on the Belfast Harbour website and have noticed that the Eduard Toll is now scheduled to depart at 07.45 tomorrow a day earlier than last time I checked. Looks like the repairs finished earlier than expected.

LiquidSilver ref 14.41 post When I followed the link to the tweet I saw a reference to an article from Naval News which can be found here https://www.navalnews.com/naval-news/2022/02/uk-increases-royal-navy-spending-by-7-5-billion-over-next-decade/. What I found of particular note is that in the article the mock up of the FSS used a mock up from BMT which had a background taken from H&W Belfast. I am not sure if anything can be read into the fact that picture was used. The official decision on the FSS Tender is not due until July. The way this shower has handled things that probably means September.

Lottie123 ref 09.32 post I do not recall that it was ever officially confirmed that the IslandMagee legal challenge has been thrown out. Have you seen anything to confirm the twitter post?

Lottie123 ref 07.30 post do you have the link for the windfarm story?

Two interesting articles on the National Shipbuilding Strategy the first concentrates on Liverpool companies Cammel Laird and Bibby Marines and is from the Liverpool Business News https://lbndaily.co.uk/special-report-uk-shipbuilding-strategy-offers-billions/

The second is from politics.co.uk and is another version of the story in the Mirror which was posted this morning. It is interesting that we have two stories in three days about the National Shipbuilding Strategy.