Member Info for stokey12

BlairPeach In relation to your 12.48 post I would remind you of the terms of the February 2020 Asset Based Loan Facility as they do not seem to me to suggest that Harland & Wolff are over burdened with debt. I believe that this is what you were trying to imply by the use of the words ' Belfast is hocked.' The terms taken from the RNS are 'Under the terms of the Facility, Harland will drawdown the sum of £2 million immediately and the proceeds will be utilised for working capital purposes. The Facility is for a term of 24 months with the principal amount repayable as a bullet payment at the end of 24 months from the date of first drawdown. The Facility carries a coupon of 13.2% per annum, payable in equal monthly instalments in arrears. The Lender of the Facility has a first charge over all the assets of Harland. At the end of the 24-month tenure of the Facility, there will be an exit fee of 4% payable to the lender. Belfast-based Whiterock Capital Partners LLP advised Harland on the structuring of this Facility.'

You will recall that the assets of Harland & Wolff (Belfast) were revalued after the purchase to circa £6m. In other words three times the amount of the loan facility.

I have just checked the Belfast Harbour website and the Panorama will be shifting from VT2 to BDD on the 17 July and then shifting back to VT2 on the 19 July. Looks like a quick inspection?

A 10% drop in one day would normally see a auction call. With the next instalment on the purchase price for Appledore due next month with the share price this low it will need about 1.5m shares to make the share element. If the share price recovers after that it will give the vendors a nice profit. Always ask who benefits.

Jabido In relation to your 12.31 post the first payment is not due until next month as the contract RNS said payment will be a month in arrears. As the contract was to start from 1 July that gives payment due in August.

Jabido In relation to your 11.51 post I am not sure about when a statement needs to be made but I would have thought that the drop in the share price in recent weeks would justify some kind of statement.

Bubble2021 In relation to your 08.48 can I ask you to clarify were they contracts or leases for a wind farm. Also do you have a link to where you found this?

oldtramp In relation to your 18.11 post thanks for the link. Now you know why I try and not being definite in my post unless I can point to a source.

dawski378 in relation to your 17.26 post this interesting as if I recall apart from Belfast the only other place with a dry dock large enough to take the Queen Elizabeth Class Carriers is Inchgreen. If they have destroyed there cranes this might cause a problem with a drydock of a Queen Elizabeth Class Carrier. I have given up on trusting Boris it is almost a year since he came down to Appledore promising work and the resurgence of British shipping. Must be time for him to deliver.

Just saw this interesting article it is not a publication I would not normally read. https://www.politicshome.com/thehouse/article/a-sea-change-is-needed-for-government-to-fulfil-shipbuilding-promises

Chrisatrdg In relation to your 11.53 post I put this in my diary to watch forgetting I have an afternoon of meetings so will not be able to watch.

Just seen this from Graham Couser on Linkedin https://www.linkedin.com/posts/graham-couser-7869b0b_shiprepairs-shipbuilding-belfastjobs-activity-6817602727724548096-cRzR It is still not clear why the Azura is staying for 3 months.

oldtramp In relation to your 20.07 post of yesterday I cannot find the reference to the hydrogen strategy being due last year. I note that the EU strategy was published in July 2020 and my memory is that at the time there was discussion around the UK strategy. I also note that at the Hydrogen Advisory Council's March meeting, (the minutes can be reached from this link https://www.google.com/search?q=hydrogen+advisory+council&sxsrf=ALeKk03H7dmh5WQxmpgPwrkctgGJakhPpw%3A1625985465130&source=hp&ei=uZHqYMLjBeqBhbIPnuCWyAw&iflsig=AINFCbYAAAAAYOqfyVX4dnJjSVqtDlbF3xc66A1YnJeS&oq=hydr&gs_lcp=Cgdnd3Mtd2l6EAEYADIECCMQJzIECCMQJzIECAAQQzIHCAAQsQMQQzIHCAAQsQMQQzIECAAQQzIECAAQQzIECAAQQzIECAAQQzIECAAQQzoQCC4QsQMQgwEQxwEQowIQQ1CeE1iTGmCnN2gAcAB4AIAB5AGIAcQFkgEFMC4zLjGYAQCgAQGqAQdnd3Mtd2l6&sclient=gws-wiz) , The strategy was due in the first half of this year so it is late again.

oldtramp In relation to your 18.34 post we are going to have to agree to disagree on when it was originally due. I also have shares in PHE and last year we were expecting the hydrogen strategy. I recall because we had the EU hydrogen strategy last year which raised questions about the UK hydrogen strategy. Still waiting for Boris Johnson to come good on the promises he mad at the time of the Appledore purchase.

oldtramp in relation to your 17.08 post that is what they said last year. If the National Shipbuilding Strategy is going to be published before the summer we have two weeks to publish it as then the House will rise until September.

Just seen this on Monday

At 2.30pm: Oral evidence
Inquiry Improving the performance of defence contracts
David Williams
Permanent Secretary at Ministry of Defence
Andrew Forzani
Chief Commercial Officer at Ministry of Defence
Air Marshal Richard Knighton CB
Deputy Chief of the Defence Staff at Ministry of Defence
Sir Simon Bollom
Chief Executive Defence Equipment and Support at Ministry of Defence

Might see if I can have a listen.

Lottie123 In relation to your 05.00 post in the interim report for the six months to 31 January 2021, (see the 19 April 2021 RNS), the Net Assets are given as £20,254,631. I am not sure how you can calculate the NAV from this figure.

Lottie123 In relation to your 16.22 post please see this link https://www.morningstar.com/stocks/xlon/infa/valuation

I just saw this https://bidstats.uk/tenders/2021/W12/747503974 and wonder if H&W put in a Bid as it is on their doorstep.

The chemicals/oil products tanker will be berthing in the SRQ for approximately thirteen hours tomorrow. Presumably to provide supplies for the repairs to the Azura.

I see that Killick have increased their holdings by about 0.25%. This might be what is holding up the share price or at least stopping the price falling.