Member Info for stokey12

Chitta123 ref 14.58 post I do not think it is one thing I suspect that it is a combination of things that has caused a change of sentiment. In the last couple of weeks you have the news about the tender for the dry docking of the Queen Elizabeth Class of Carrier and the news that Team Resolute has been awarded a contract t work up a bid for the FSS Tender. As these are significant MoD tenders the fact that INFA has been invited to tender would give confidence in the company. There was also the presentation yesterday to the EIC which would have generated some interest.

For the avoidance of doubt y post yesterday evening was not based on prior knowledge. It was based on the absence of any due dilligence being done.

Just seen this analysis from Defence News which is not just a rehash of the MoD announcement https://www.defensenews.com/global/europe/2021/09/01/four-industry-teams-gird-for-british-support-ship-competition/.

The last sentence reads ' We are in negotiations for various projects across our core markets that will bring this to fruition in the near future.'

This has just been posted by JW it is a bit of a long one. https://www.linkedin.com/posts/activity-6839491269522161665-he2X
The post reads
'It has been two years since we started looking at H&W in Belfast. Without mentioning the COVID word we have had an intense two years keeping our facilities open for business, the progress the team have made in re establishing the H&W brand has been outstanding. We have brought back the core values of providing services clients want at an affordable price whilst delivering high quality work. We now have one of the largest fabrication footprints across the UK, geographically split between Belfast, Methil, Appledore and Arnish, this bodes well for the tsunami of fabrication and construction projects on the horizon that the UK as a whole will benefit from not just H&W. Being split across different geographical locations certainly is a big plus.

When setting out my strategy for the assets we were looking to acquire back in 2019 and taking into account the economic trading conditions we settled on our core markets Cruise & Ferry, Defence, Comercial, Oil & Gas and Renewables. Whilst we are still on a long journey in year 2/5 our strategy is stronger now than it was back in 2019 with the new national shipbuilding strategy due for release later in the year, the focus of government on shipbuilding demonstrated by the appointment of the shipbuilding Tsar, unprecedented levels of Defence spending locked in, the focus on renewables and local content along with the repurposing of offshore infrastructure we have everything to play for. Whilst we won’t win all projects, we are in the mix in some shape for most major projects across our markets, giving us the opportunity to select projects that are a good balance of risk and reward depending on the facility in question, capacity and capability.

Over the next few months I have decided to start posting on specific subjects when time permits, I will start with where I see each market heading, then our facilities and obviously I ?will talk further about our flagship Islandmagee project. Islandmagee is an essential element in security of energy supply in the UK even more so now with the transition away from traditional fuels.

By the end of next week we will have apprentices on each of our sites, the first batch I met recently in Methil, they will be the future of the business as they come through. I explained to them that there has never, in my lifetime been a better time to join the industry.

We have gone through the various stages of re establishing the business starting with getting the yards back into good working order, investing in machinery to ensure we can compete and improve our efficiency. We had our first small docking prior to Christmas 2019, we have moved on to securing multiple dockings and the commencement of fabrication whilst building a sales pipeline. We have now crossed over into our next phase of development that is building a multi year backlog.'

Chitta123 ref 08.47 If people were forward selling I would expect the share price to go down not up. The increase in the share price since mid morning yesterday is probably a combination of reaction to the MOD statement the day before that Team Resolute was one of the bidders who were awarded a contract to prepare a bid for the £1.6bn FSS Tender. Also H&W Senior Management made a presentation to the Energy Industries Council. The uptick in the share price can be tracked to about 15 minutes after that presentation ended.

I was just reading the #infa posts on twitter and some tweets seem to be floating the possibility of some kind of announcement. I cannot see anything at this time to support this other than the post from Chrisatrdg this morning at 10.44. In particular note 4.

SAG only has until Tuesday to make a formal takeover bid. I think everyone knows where I am on the issue of a takeover. From what SAG has said previously unless something has changed behind the scenes I would be surprised if there was a takeover offer.

roly12 ref 15.23 post so if the Irish Navy is shopping or another 2 vessels allowing for increase in costs since 2015 INFA could be looking at around a £100m contract.

roly12 ref your 15.11 post Do you recall how much they cost per vessel at the time.

Chrisatrdg ref 11.46 post your point 4 is interesting if I recall correctly Appledore has done work for the Irish Navy before so the Shipyard is a known quantity.

Si_Derman ref 09.44 post I would advise you to check who the sellers were for Appledore as it may not be who you think.

Lottie123 ref 09.38 post What might throw a spanner in the works is if within the next two months INFA wins the tender to build the new flagship which I believe they are still in the running for.

oldtramp ref 18.31 post These ships were redesignated as warships last year I believe that is how the stipulation about ships having to be integrated in the UK. This might come as a problem as Serco does not have any shipyards to complete the shipyards. I am not sure if there any shipyards left that are not part of either Team UK or Team Resolute with the capacity to do all the work that would be needed.

Serco have teamed up with Damen to bid for the FSS this is the link to their website https://www.damen.com/ I am not sure if they have built a warship before though.

roly12 ref 16.19 post No I live in England although I am in Belfast next week.

roly12 ref 15.41 post The next three steps in the process 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

oldtramp ref 15.12 post I just checked LinkedIn and there was nothing from H&W or JW when I checked. That said I do not think it follows that there would be an RNS.

The view from twitter https://twitter.com/geoallison/status/1433019320817303563 detailed analysis from UK Defence Journal.

Ref my 14.04 post If you look at this from the Leidos website https://www.leidos.com/company/global/uk-europe/defence. It is not clear how Leidos can meet the requirement to build substantial parts of the FSS in the UK. They would need to basically sub contract virtually all of the shipbuilding work. The same goes for Serco.

oldtramp ref 14.00 post the official press release from the MOD can be found here https://www.gov.uk/government/news/uk-enters-next-stage-of-fleet-solid-support-competition. Looking at the bidders I think that it is still a two horse race between Team UK and Team Resolute.