Member Info for stokey12

Lottie123 ref 08.33 post If there are any companies looking at HARL with a view to making a takeover bid there are as I see it a couple of issues. If a UK company was looking at a takeover then they would need to consider if there is a risk of CMA investigation. This would likely to be the case more with BAB or BAe. Such an investigation can drag on in the meantime HARL can possibly strengthen increasing the cost of a takeover. A merger with Navantia is a possibility but that would trigger a mandatory referral to the Secretary of State under the National Security and Investment Act 2021. This is because as is clear from the recent advert for a Technical Lead which required the person to have a SC Security Clearance that HARL would be considered part of the supply chain. This issue would be the same for any non UK Company.

I believe that this quarter will be pivotal. Decisions are due on tenders worth circa £280m this quarter. Also JW in his last ********** interview and in the Business update made reference to work that is expected this quarter. If HARL is successful in one or both of the tenders and they do have a good chance of this then this would be a good endorsement. In addition if half of the business mentioned was to be properly executed this would in my opinion set HARL up well for 2022.

Aside from this work around October 27 the National Shipbuilding Strategy will be published which will give an indication of what government shipbuilding work is likely to come available over the next 30 years. Hopefully there will also be an indication of the chances of HARL getting some of this work.

In relation to renewables work next year HARL is likely to secure the £43m Saipem 2 contract. In addition in order to secure funding under CfD Round 4 I would anticipate bidders would seek to secure agreements in principle around work for the projects to meet local content requirements. I am discounting any work or revenues in respect of IslandMagee as I anticipate it being stuck in legal disputes for the next two years. I am therefore reasonably confident for the future of HARL over the near term regardless of what the shareprice does.

This short video from the BBC will show you what maintaining a wind turbine is like. https://www.bbc.co.uk/news/av/science-environment-58761725. Building the ship they live on would be interesting.

Bubble2021 ref 18.13 post that is interesting I wonder why run such an item now. Do thet know something we do not?

olrtramp ref 16.53 post yesterday just to add to the confusion the general cargo ship Tim is due in Methil on Tuesday according to https://www.vesselfinder.com/vessels/TIM-IMO-9434151-MMSI-212571000. William Duff said that a fourth vessel is due in Early October and we now have two in port in Early October. That is excluding the two other vessels in port at the moment.

Bubble2021 ref 12.44 post do you know the context in which the pictures were shown?

One thing that move the share price this week is if during the party conference this week the Defence Secretary was to make a reference to HARL. I have no reason to believe that he would but can hope.

Lottie123 ref 16.55 post so for the next two financial years allowable expenditure HARL would be able to add to the losses that can be offset against profits. Can you give some examples of the kind of expenditure that would be allowable.

Chrisatrdg ref 16.29 post not definitively but it would tie in with a social media post I saw a while back when it was en route that the next delivery was due early October. At that time it was showing as being due in Methil 30 September.

Chitta123 ref 14.21 post. I would observe that the board would have sight of all major contracts coming in. Also the money they are spending on infrastructure improvements are effectively cost free. At the last budget in March capital allowances were raised to 130% so all the money they are spending is deductible from the company tax bill. Perhaps Lottie123 can confirm that.

BlairPeach ref 10.46 post I see you are again giving opinions not well grounded in facts. As an example let us take Arnish. The local development plan for Stornoway envisages a Deep Water Terminal being built with a new link road to the Arnish site. From a post by oldtramp yesterday this Deep Water Terminal is due to be built by 2023. This would be about the time that the Scotwind Floating Wind Farms will be starting construction just off the coast at Stornoway. Therefore a ready made solution will be present to fabricate parts and get them to the wind farm development.

So these assets are not white elephants.

ref my 09.30 post there is a full stop missing and it should read 'While I would not dispute that. In Q4 there are tenders totalling

MaryBr190 ref 09.16 post an interesting observation. While I would not dispute that in Q4 there are tenders totalling around £280m due to be announced so it would make more sense to wait and see if HARL wins either or both tenders. If HARL fails to win either tender then the share price would probably drop further. My personal view is that HARL is likely to win at least one of the tenders.

Just seen this post from JW a bit cryptic. https://www.linkedin.com/posts/activity-6849758724840550400-EsfC The text of the post is At last the long list of works we’ve been working on is reaching a conclusion, with the painting of our stock yard crane in Appledore.

Good to have all four yards fully operational and seeing clients old and new docking vessels at our facilities.

Harland and Wolff Group now have the largest shipbuilding and marine fabrication footprint in the UK. Just what you need with a new focus on shipbuilding, unprecedented levels of defence spending and a wave off fabrication projects on the horizon.

oldtramp ref 13.36 post Interesting I agree with Jabido's 13.40 post in as far as it is definitely a government client I am not sure that it is MoD though as it only requires a SC security clearance which is not that high if I recall. I suspect it may be the Home Office. The other possibility is the postholder will be the main point of contact with the National Shipbuilding Office.

oldtramp ref 13.57 post I am not sure of where that publication is getting iys information from but going by what was said before the Defence Select Committee that is inaccurate. While that may have been the original proposal that is no longer the case. If it was the case we would have seen sub contracts issued by now.

Lottie123 ref 12.40 post I would query the need for a placing and would welcome your views on this scenario. The IslandMagee Project will be done by IslandMagee Energy Hub Limited which if I recall correctly is a wholly owned subsidiary of Islandmagee Energy Limited which in turn is owned by HARL. In order to fund IslandMagee HARL sells a 50% stake in IslandMagee Energy Hub Limited to a UK domiciled company. This would reduce or eliminate any debt funding. If any debt funding is needed IslandMagee Energy Limited would provide it rather than HARL.

ref y 11.35 post that should be twenty pages long

ban4118 ref 11.24 post I suspect in that case the decision will be about twenty ages long and every point will be discussed in great detail to avoid a challenge on reasons grounds. I suspect that they will have to find a way of dressing up a merits challenge as a reasonableness challenge.

Avyererdowt ref 10.22 For a judicial review application to succeed it would need to be proved that the Minister acted unreasonably using the standard legal test which is that the decision is one that no reasonable Minister would have made in all the circumstances of the case. I suspect that if Islander01 is right in his 10.18 there is a positive decision an argument would be run that the Minister should have held a public enquiry first.

In relation to what you say about the departure of Mr Lyons I would disagree I recall seeing a document that implied that there was a four year period under Mr Lyons where the ML application was not pursued and this was the cause of the delay n getting the ML.