Member Info for stokey12

Schlum ref 14.47 post I would disagree I think that it is likely to end up being a straight fight between Cammell Laird and Appledore. Before BAB bought it Appledore did build Yachts so there is that knowledge. Also I note that the Defence Secretary at the event for possible bidders did mention Appledore. I am sure that the new manager at Appledore will bring his experience to bear in the production of the tender.

Looks like this may be an interesting read but I am not going to subscribe just to read one story. Does anyone subscribe to the Economist that can say what the story is about. https://www.economist.com/britain/2021/08/07/scotland-counts-the-cost-of-industrial-bail-outs

One concern I have with today's RNS is the number of current directorships that David Lindsay has. With all these other Directorships will he have the time to devote to TPG.

QuantumStar ref 08.16 post for the last four months the request fora Marine License has been on the Minister's desk awaiting his decision. Once we have this decision things can move forward.

oldtramp ref 17.20 post I note that the Ida is still in port having arrived yesterday.

Interestingly this is a floating wind farm project see the website here https://www.bluegemwind.com/

For those who prefer LinkedIn her is the same story posted on LinkedIn https://www.linkedin.com/posts/harlandwolff_windpower-windenergy-renewables-activity-6828713364584198144-Y6Pi Nice backdrop.

Just seen this tweet https://twitter.com/Harland_Wolff1/status/1422948530142973953 This raise two questions what is meant by a comprehensive site visit and two why would one be done. If I was a betting man a fabrication order might be heading Belfast's way.

oldtramp ref 09.49 post As the document is 118 pages long I will read it this afternoon as I have a 11am meeting.

I am thinking of visiting to use a BA voucher from having to cancel a visit to attend the roadshow earlier this year. Does anyone know does the Titanic Experience include a tour of H&W. Also anything else I should visit.

Just seen this LinkedIn post from H&W https://www.linkedin.com/posts/harlandwolff_the-main-yard-team-in-belfast-fitted-a-new-activity-6827873626252029953-tXPA

The post said

The main yard team in Belfast fitted a new floor covering to the Henson crane.

Our two Henson cranes that sit in the Building dock are 25m high and can lift 60t.

ref driftwood123's post 17.27 post of Saturday If as he says there looks like there is a new large build going into Appledore I am surprised that we did not have an RNS this morning.

Lottie123 ref 16.44 post true but it would depend on how wide the term Energy Company is drawn if it is drawn to include companies in the supply chain then INFA could be caught. We need to wait for the section 3 statement. Also it would depend on if IslandMagee progresses further.

Lottie123 Ref 21.29 post The reference in my 13.27 post to the possibility of a Block of any takeover of INFA on National Security grounds is based on the provisions of the National Security and Investment Act 2021 which can be found here https://www.legislation.gov.uk/ukpga/2021/25/contents. While previously Defence Contractors have been taken over this new Act, which has retrospective effect, would trigger a referral to the Secretary of State who may then Call In the transaction.

You will see from Section 5 that the trigger event relates to the acquisition of a controlling interest in both a company and an asset. Apart from strategic Defence Contractors which may or may not include INFA one of the other sectors which would trigger an automatic referral is energy. In view of the penalties in Part 3 of the Act and in particular the Civil sanctions under section 40 I suspect we will see a lot of voluntary referrals.

driftwood123 ref 19.04 post thanks for that. Hopefully we will get something official soon. Judging by the way the shareprice has been going up looks like some people are expecting news.

driftwood123 ref 17.27 post I am not doubting you but can I ask is this from a personal observation or information provided?

Lottie123 ref 07.13 post Having given this some thought I have doubts on such a proposition. The main issue is that INFA is not a fabrication company as such. While both Belfast and Appledore can be used for fabrication that is not their primary function. While an asset sale of the BiFab assets is possible this might attract a referral to the Secretary of State. Indeed a takeover of INFA may be blocked on National Security grounds.

oldtramp ref 08.58 post of yesterday I noted the comment from Mike Kennedy on this feed which says 'Invest in CNC machine the outlay is costly
But the return is high quilty production
Over and over again which In return brings repeat Business to your yard
So very good to watch H&W raise and being requested to bib again for new build and mager ship refurbishment .' The reference to new build and ship refurbishment is interesting.

oldtramp ref 06.56 post this link also works https://www.linkedin.com/posts/david-hunter-7b911898_dreamteam-activity-6826603380241244161-XDGr. The post reads

Work scope visit today to Irish Ferries beautiful ship the
W B Yeats.
Let’s hope our team effort can bring this to Harland and Wolff for upcoming planned
maintenance.

When the previous Irish Ferries ferry was in the Dock I did say that it might lead to more work from them.

Thomas13 Ref 10.30 post I would have been extremely worried if he was not at the meeting.