Member Info for stokey12

WiseInvestor23 ref 16.01 post I know you do not say it specifically would be but I doubt that the FSS Contract would be the first MOD contract. The reason for this is that the next three stages of the procurement process for the FSS Contract are:

8. Release of Draft Manufacture Contract: October 2021
9. Manufacture Bid Submission (in respect of CPP Stage 1) Deadline: November 2021
10. Manufacture Bid Submission (in respect of CPP Stage 2) Deadline: July 2022

With the final step being
11. Manufacture Contract Award: within two (2) calendar years from date of CN issue - This will take us to 2023.

I would expect the first MOD contract to be the £30m contract to do the drydockings for the Queen Elizabeth Class carriers.

oldtramp ref 11.38 post This is the BBC story on it https://www.bbc.com/news/science-environment-58899006 there is a link to the strategy within the article.

Avyererdowt ref 13.51 post I agree with you I suspect that if either of the two important tenders goes HARL's way and we should know by the end of the year then buyers will flood in. Also we have the National Shipbuilding Strategy due within the next two weeks so HARL should carry on as is.

This from JW https://www.linkedin.com/posts/activity-6856194392697397248-QAkL Post reads Another project, fantastic news for the renewable sector! #harlandandwolff #renewables. It links to this story
Global wind power leader Iberdrola will pour six billion pounds ($8.24 billion) into a wind farm complex in the North Sea off the east coast of Britain, in its biggest project investment worldwide, it said on Monday.
#offshore #offshorewind

TheEast ref 09.59 post I am not as concerned about cashflow. HARL are receiving about £3m a month on the Saipem contract in addition there are sums due on contracts. We do not have visibility on all contracts so we do not know what additional sums it is receiving. Last week I did a list of all ships that have or are due to go through either Belfast or Appledore plus Saipem. This shows that were there is a costs estimate the totally sums of money that may be received is circa £27m.

An interesting RNS while an apparently small contract it is significant as it relates to a contract in relation to a project outside the North or Irish Seas. I believe this is a first.

oldtramp ref 18.48 post In response to a query I received this response from the utility regulator

Thank you your email below.

We are unsure of the particular ‘document’ you have mentioned. However, we consider that the following may address your query.

We confirm that there has, to date, been only one licence granted authorising the storage of gas in Northern Ireland. That licence was granted in October 2012. It was granted to, and is held by, a company called Islandmagee Energy Limited (previously called Islandmagee Storage Limited). For convenience a link to the storage licence granted is here: Islandmagee Storage Ltd licence for storage of gas in Northern Ireland | Utility Regulator (uregni.gov.uk)

Article 37 of the Gas (NI) Order 1996 allows the Utility Regulator to grant consent for the construction of a gas storage facility. No such consent has been granted to date.

We hope this information is useful, but if we have not addressed your query, please contact us clarifying the identity of the ‘document’ mentioned (providing the document itself or a link to it).

It seems that the protestors may actually have a point. That said I doubt that the license would not be granted. The protestors should be careful because of the wording of regulation 37(10).

Speedy_Gonzalez ref 13.39 post I did not realise that the Lawyers in Northern Ireland were that cheap unless they are going to represent themselves.

ThisTimeNextYeer ref 13.18 post Hope next time Stena Superfast VII will stay longer than a day.

Just seen this https://twitter.com/Leesadee_Imagee/status/1449288088837099520 seems like they are determined to mount a legal challenge.

Si_Derman ref 11.27 post Interestingly vesselfinder has its estimated arrival date at Appledore as October 1 which was the same date as it arrived at Abidjan. I suspect that for some reason they are not giving accurate tracking information.

The Entsha is due in Appledore this week. Is there anyone in the area who can confirm when it arrives as my online sources are showing as still in West Africa but travelling to Appledore.

Pokerchips ref 10.49 post I have emailed them to see if it will be online as well for those who cannot make it. I will let you know if I get a reply.

The following is the text of an email I have received that went to everyone on the Investor's mailing list:


RETAIL INVESTORS' EVENT
We are pleased to share details of our first retail investors' event as Harland & Wolff Group Holdings plc.

It will take place in our Methil facility where the yard is a buzz in preparation for the delivery of eight wind farm jackets. You will have an opportunity to meet with John Wood, Group CEO, and be taken on a guided tour of the yard.

Date: Wednesday, 17th November
Time: 1.30pm - 3.30pm
Location: Harland & Wolff (Methil)
RSVP: investors@harland-wolff.com

Spaces are limited and will be offered on a first come first served basis. Prompt RSVP is recommended.

Best wishes,
Seena

I will not be able to attend as it is a long and complicated journey from London.

WiseInvestor23 ref 08.03 post I do not see the share price going above 30p without significant contract news. Personally I would not expect anything of note before next week Wednesday or Thursday.

Lottie123 ref your 18.28 post In my 17.07 post the delays are all down to conditions in the license which I am sure HARL has factored into the timing of works. The delay before works can commence will allow long lead in time to be ordered. None of the reasons why work cannot start immediately are not stumbling blocks they are more in the way of administrative steps needed for marine safety.

oldtramp ref 16.44 post I would refer you to my 07.44 post this morning. Work is unlikely to start until Q2 2022 due to the conditions on the license which requires certain bodies to be informed of various matters before construction starts. This has the effect that any judicial review would have started before construction starts. The only costs that HARL would be able to recover if a judicial review was unsuccessful would be legal. I am not going to be drawn on the question of if the issuing of a judicial review claim would automatically put a stop to any work being conducted.

Jabido ref 08.25 post there are two possible time frames with planning cases the claim has to typically issued within 6 weeks if I recall correctly. It is certainly not more than 12 weeks. All other judicial reviews must be made as soon as possible and in any event within three months that is my understanding of the law in England and Wales I am not sure if Northern Ireland is the same. On the question of whether construction would have to stop I am going to plead the fifth in case any of the local protestors read this board.

Avyererdowt ref 20.45 post Having read the full decision letter I am inclined to the view that due to the various conditions attached actual construction will not start until Q2 2022 at the earliest. On the question of legal challenge I would anticipate that we will get a reasonableness challenge. I do not see a reasons challenge as a 25 page decision letter puts that to bed. A reasonableness challenge is the best way to hide what would be in fact a merits challenge. The test for reasonableness as I said before is that it is a decision that no reasonable decision maker would have made in the circumstances. I believe in the Belfast Live article which I posted the link to yesterday Stewart Dickson seemed to raise this point. In view of the mitigations that are in place I do not think this will succeed. HARL has good lawyers on this so I am not worried. Another argument that Mr Dickson mentioned was that this should have gone to a public inquiry due to the controversial nature. There are two problems with this argument. Firstly it is based on a misunderstanding of the role of a public inquiry. The Inspector that hears the Inquiry does not make the decision he only makes a recommendation to the Minister who then has to make the decision. The Minister can overrule the Inspector. Secondly, on twitter when asked I have never been told the legal basis for saying that a public inquiry has to be held. In the absence of a statutory duty to hold an Inquiry I cannot see how the Minster can be challenged for not holding one.

This is all a long winded way of me saying that I do not believe that a legal challenge has a ghost of a chance of succeeding.

A response on this from JW https://www.linkedin.com/feed/update/urn:li:activity:6853566950694522882?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6853566950694522882%2C6853998511462080512%29&replyUrn=urn%3Ali%3Acomment%3A%28activity%3A6853566950694522882%2C6855179859912609792%29 The comment reads Scott we are currently looking at a solution for all the smaller vessels where it’s not cost effective to go in the big docks and too far to travel to Appledore. There is a lot of demand so we are trying to get a solution.