Member Info for stokey12

H&W seem to be on a hiring surge at the moment some new jobs are being advertised at teh sub board level. They all appear to be senior management. They can be found here https://www.harland-wolff.com/careers/ I note that the Head of Business Development Cruise is advertised as Freelance and is the only Freelance post I have seen.

Just seen this article from one of the Plymouth papers. There is very little new in it but some might find it of interest. https://www.plymouthherald.co.uk/news/plymouth-news/royal-navy-warships-u-turn-4537190

I have just come across this written answer

'Warships: Shipbuilding
Taiwo Owatemi: [90279]
To ask the Secretary of State for Defence, what assessment his Department has made of the potential economic merits of building naval support vessels in UK shipyards.
Jeremy Quin:
This Government is acutely aware of the significant contribution to the economy by the shipbuilding enterprise. The National Shipbuilding Strategy recognises the economic value that naval shipbuilding brings to the UK through design, build, and the supply chain. Economic assessments are made on all major Ministry of Defence procurements in line with Her Majesty's Treasury guidelines on value for money.'

I am not sure how this helps Team Resolute if it does.

Yesterday the Minister gave written answers to questions on hydrogen the first one was

'Alan Brown: [90174]
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the implications for his policies of reports that the French and German Government's plan to work together on hydrogen development.
Kwasi Kwarteng:
We are following international hydrogen developments and participate in a range of international fora, including the Clean Energy Ministerial, the International Partnership for Hydrogen for Fuel Cells in the Economy and Mission Innovation. These offer opportunities to discuss other countries’ domestic hydrogen strategies in detail and explore opportunities for collaboration. We plan to publish a UK Hydrogen Strategy in early 2021. This will be informed in part by assessment of international activity and the opportunities and challenges that presents for the UK.'

The second ad third were

Alan Brown: [90173]
To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had representatives of the (a) energy and (b) transport sector about the role a hydrogen hub can play in supporting the wider growth of the UK hydrogen economy.
Kwasi Kwarteng:
We are aware of the value in co-locating low carbon hydrogen supply and demand in the early stages of expansion in any hydrogen economy; an approach sometimes referred to as a hydrogen hub. Ministers and officials are engaging extensively with hydrogen and wider energy stakeholders as we develop a UK Hydrogen Strategy for publication in early 2021. Discussions include ways in which to coordinate supply and demand and attract early investment as the hydrogen market develops, including place based approaches.
We have also explored the role of hydrogen in helping to decarbonise transport as part of a series of stakeholder workshops helping to develop the Transport Decarbonisation Plan due to be published before the end of the year.
Alexander Stafford: [90302]
To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with representatives of the energy sector on the potential role a hydrogen hub can play in supporting the wider growth of the UK hydrogen economy.
Kwasi Kwarteng:
We are aware of the value in co-locating low carbon hydrogen supply and demand in the early stages of expansion in any hydrogen economy; an approach sometimes referred to as a hydrogen hub. Ministers and officials are engaging extensively with hydrogen and wider energy stakeholders as we develop a UK Hydrogen Strategy for publication in early 2021. Discussions include ways in which to coordinate supply and demand and attract early investment as the hydrogen market develops, including place based approaches.

It seems the incompetent idiots are not hurrying themselves on the hydrogen strategy.

I have seen this tweet on the H & W twitter feed https://twitter.com/Harland_Wolff1/status/1308878342360379394 it is very cryptic. Are we actually going to get some news of a contract?

iQBenQi In relation to your 12.56 post I think you will find that your information is not upto date. The MoU extension is until November. There is an agreement that the defnces in the Aries claim do not have to be in until the 10 December. Accordingly, unless the matter is settled the Ares claim will still be ongoing when the MoU extension expires.

If you check my post history you will find a link to the relevant court orders.

Can I just check has everyone who was intending to ask questions for the AGM submitted their questions as there is only a week to go before the AGM. I only ask as this year it wold be the only chance to ask questions to the Board. With yesterday's statement from the idiot in general it looks like restrictions will stay in place for another six months at least so unlikely to be a shareholders event before Easter next year if at all.

Speedy_Gonzalez In relation to your 16.19 post this is potentially very good news for INFA in particular and Team Resolute in general. If I recall the other main domestic competitor is behind on current contracts which would put Team Resolute in a good position particularly if they can demonstrate that they have a record of delivering contractson time. Also if the ships have to be built in the UK that would mean the bulk of the contract if won by team resolute may end up with INFA.

Wolveshaveeyes - In relation to your 11.39 post there are indications in the annual report that PHE are indeed looking at other processes. Also at last year's AGM DR did make a brief reference to other things which they were developing separate from W2T. I suspect that in about 5 years or so DMG units would not be the only income source for PHE.

AndyH101 - I do not think divdends will as far off as you may think. PHE will in my opinion need to return value to shareholders tokeep the institutional investors happy. I would therefore agree with Telephoneman that a one third of profits for dividends with the other two thirds reinvested would be appropriate.

triumph1 In relation to your12.47 post you may wish to do some more detailed research. Shipbuilding covers a number of areas. INFA is not reliant on just one part. Ferries still need routine maintenance. Some of that work can be done during the winter when business is slower. My projected SP at May 2022 which is the date of the broker research is about 3 times the current share price.

It looks like we may have the AGM and the Interim Results on the same day. Personally I would prefer them on consecutive days to give support to the share price.

I am in two minds whether to topup at the SP or sell some of my current shareholding to reduce losses.

Chrisatrdg - In relation to your 11.59 post I would be very surprised if those questions are reached. Defence questions will not start until about 2.35 after prayers so they will only have about 40 minutes to answer questions until the topical questions will be asked.

An interesting feed on twitter https://twitter.com/slay4ever007/status/1307671999070826499.

triumph1 - In relation to your 10.58 ost in as far as it is disputing the viability of INFA I would disagree with your assessment. While you are right that the effect of Covid is to cause a downturn in the ferry industry that is not the only area that H&W are working in the ship repair business is still working. Indeed independently verified reports show that for the last couple of months the shipyard has always had ferries in for maintenance. Going into winter the ferry mantenance work is likely to increase. From my research I am comfortable with my investment in INFA. I am of the view that the broker assessment that by May 2022 INFA would have £17m net cash will turn up to be an underestimate.

Today's RNS is puzzling in the 23 June 2020 RNS it stated 'In addition to the extension to the MOU exclusivity period, Scott Bros has undertaken to enter into a legally binding option agreement, which, if agreed, will grant EQTEC and its partners the right, but not the obligation, to purchase the entire issued share capital of Billingham EFW Limited, the Project SPV, from Scott Bros, subject to agreement on consideration and other terms. The MOU extension announced herein sets out the intention of executing this option agreement within 45 days and that such option agreement, if and when entered into, will supersede all other agreements between the Parties regarding the potential acquisition of the SPV.'

Today's RNS further extends the exclusivity agreement by another two months to finalise an option agreement which in June was supposed to take 45 days. I would have thoought that some kind of explanation of what the issue is with the proposed agreement would have been given. As it is as I said earlier people might question the ability of EQT to execute the large deals. At present I am not doing so.

I note that one of the jobs is the Head of Business Development - Defence I wonder if this is a different post than the Director of Business Development - Defence. If INFA thinks it can afford both then they must be looking to get a lot of Defence business. I note they are also strengthening the Marine side as well.

whatamess In relation to your 10.41 post I am not spouting nonsense I used to work in a public law team so I do know what I am talking about. On a judical review application the court can make an interim remedy order to ensure the proceedings are not made devoid of any point as a result of the decision being carried out while the proceedings are going on.

whatamess In relation to your 08.03 post you have clearly never heard of an interim injunction which says just that.

I would be concerned if there was another extension in relation to Billingham as it might cause questions to be asked about EQT's ability to close the bigger deals. I have not been in the company that long to know if such concerns would be justified but if you get to the second and third extension those of a nervous disposition may start to worry.