Member Info for stokey12

Bubble2021 can you please clarify what you meant by your 15.36 post as it does not seem to follow with the thread.

I found this link to the story https://www.gazettelive.co.uk/news/teesside-news/historic-tees-shipyard-close-ap-28936513. I doubt that HARL would be interested as there is no apparent lack of capacity to require an increase in drydock facilities. I currently do not see any need to increase fabrication capacity.

Davi ref 13.36 post do you have a link to this story. As a side note if I recall A&P hold contracts for the maintenance of some RFA vessels so something to watch.

LSE03 ref 11.58 post do you have a copy of the article that is not behind a paywall?

LSE03 ref 11.18 post The honourable member does seem a serious grudge against HARL. Would he prefer the contract go abroad rather than to a British company?

LSE03 ref 10.05 post Reads a lot like he state of the RFA. RFA Victoria, which incidentally built by the predecessor compnay to HARL about forty years ago. is the only FSS left if I recall correctly. The refuelling ships are I believe in not better shape and will probably need replacing.

LSE03 ref 09.25 post so it will take three years to get all the permissions needed to do this development. If you start from the premise that there is a climate emergency then hree years seems a longtime to wait for a development like this.

There seems to be some confusion about the composition of the scrutiny committee. The only qualification as such for the scrutiny committee membership is that you have been nominated by one of the poitical parties and approved at the Annual Council meeting. There might be one or two members who have expert knowledge in the subject area of the committees work bu as far as I am awre there is no requirement for this. Any advice before the meeting would have come from council officials who also may not have subject knowledge. This advice would have been based on the papers submitted and included in the meeting papers.

Kaeren ref 11.12 post sorry I do not as it is not something I was keeping track of Si_Derman or Chrisatrdg might know as they have been shareholders longer than me.

Chitta123 ref 10.44 post Judgement is still awaited in relation to the marine license.

Apart from the reason given by Scaffman in his 21.14 post the other fundamental problem which came up when this was last discussed on this board is that the owner of the shipyard is not interested in selling it for use as a shipyard. Therefore the only way forward for Pallion as a shipyard is if he local authority was to make a compulsory purchase order. The problem with that is that the Council will own it and I do not think they have the mondey to develop it. So I also think it is a non starter

Scaffman ref 13.01 post Interesting so both the CEO of Fergusson Marine and the CEO of CalMac have gone in almost as many weeks. Are they spending more time with their families? I wonder how much the Scottish Government had to do wih it.

LSE03 ref 08.50 post I found the full document interesting. I see that BOT and Crown Dependencies are going to be allowed to bid for this work. I find this interesting when it comes to maintenance where will this be done if the contract goes to a BOT or Crown Dependency.

Brinoble ref 21.09 post an appeal from the Northern Ireland Court of Appeal is not of right. Anyone wishing to appeal a Court of Appeal would need to petition the UK Supreme Court for leave to appeal. To obtain leave they would need to prove that there is a question of law of general public importance that needs to be considered at this time. Around 90% of petitions for leave to appeal are unsuccessful.

MaryBri90 ref 06.34 post thanks for the link hope the author is right.

Just seen this article on LinkedIn the author seems to be saying what Lottie123 has been saying on this board for a while. https://www.linkedin.com/news/story/tide-turning-for-cheap-euro-stocks-5978724/ the text of the article for those not on LinkedIn says

Are European stocks undervalued? Karen Ward, chief market strategist EMEA at JP Morgan Asset Management, writing for the Financial Times, believes they might be. Despite recent challenges, including the energy crisis following Russia's invasion of Ukraine and a reliance on short-term bank financing, Ward argues that Europe's economy may be poised for a rebound. Falling energy prices, a robust job market and the potential for increased consumer spending are contributing to economic data that is starting to surprise on the upside. She suggests that investors should consider taking advantage of current valuations before the European recovery gathers steam.

Stocks in Europe rose to a new record high on Tuesday as investors returned to markets following an extended weekend.

The rest of the article is behind a paywall.

Twib ref 15.31 post I am not sure that it is a question of selling IM. I suspect the issue might be that the value depends on the Marine License so that if the appeal is dismissed the value of IM as a project would increase. So it is a case of valuing a security. I have never subscribed to the theory that IM is going to be sold as part of the debt package.

LSE03 ref 11.14 post this looks like a case of good timing. The SOWEC announcement today see my 09.22 post Methil is showing as an investment opportunity and Arnish as a hub. So HARL does have opportunities. With SOWEC Scotland as a whole has a number of opportunities

LSE03 ref 10.47 post an interesting story. I would like to see how it plays out in relation to the regulatory issues. It would seem that the offer may be for the whole group. I wonder if the US may want Austal US to be spun out before giving approval.

Daniel Fearnley posted this on LinkedIn this morning

Daniel Fearnley (He/Him) Director of Energy

32m •

Fantastic to have two of the Harland & Wolff projects being pushed forward into the next stage. Both facilities are strategically positioned to support the offshore wind industry and the progression of these projects is a great recognition of that focus. We look forward to collaborating with the SIM working group to drive these forward. SOWEC. Both of HARL's Scottish sites are in the progress group. The progress group is described as 'There are 19 projects with good or medium interest and relevance to developers. The SIM will support these projects to self-facilitate collaborative engagement with developers, and also bring them together at a marketplace style event later in 2024. These projects are being chosen to progress because of high relevance to supporting offshore wind deployment and good potential for collaboration. '

The full list can be found here https://www.offshorewindscotland.org.uk/news/2024/april/02/full-sim-stage-2-list-published

The entry for Methil states Fabrication Facility Extension & Upgrade (Harland & Wolff (Methil) Ltd

The entry for Arnish states Stornoway Offshore Wind Hub (Harland & Wolff (Arnish) Ltd)