Member Info for stokey12

JW has three days left to make a formal bid or walk away. What does everyone think he will do?

JW said that he had visibility on £145m of income for 2024. Allowing for the SeaRose that leaves around £80m of income. Does anyone know what this would be? Some would be Cory. But does anyone know about the rest.

AimMaster2018 do you need lessons on how to start your own thread so you do not need to hijack other threads?

Hebridean9 I would ask you to show me any shipbuilders who are not heavily in debt. The question, therefore, becomes one of serviceability of the debt. Next year there is the SeaRose mid life extension contract which will tie up the drydock for most of H1, That one contract would in all probability cover the interest payments on the debt. Then from 2025 we will have the FSS contract revenues to service the debt.

So I do not see any issues with the size of the debt. As a side issue I did not detect anything in the charge that prevents HARL from dealing with the charged assets including selling them. It follows that IM could be sold in whole or in part despite it being part of the charged assets.

I believe that someone posted that Cory were joining a Carbon Capture cluster. The idea being that the captured Carbon will be transported by sea. I was wondering will HARL get a chance to bid for the job of bidding to build the ships to do the transporting as it seems to have done well with the barges.

LSE03 ref 09.53 post I have lost count is that 11 across Belfast and Menthil?

Bubble2021 ref 15.50 post I was just about to comment on it as well. My first probably incorrect thought was that a trading bot has been triggered.

LSE03 ref 14.36 post that is what I thought but the article said January. I am not sure it makes much difference as it is still H1.

Based on an article I read in Offshore magazine I am expecting H1 2024 income to be upwards of £60m. The SeaRose being in drydock for all of Q1.

Broomtree ref 13.48 post I think that rather than apply the debt to specific projects it would be argued that the debt is capped to enable HARL to win and handle exports.

Scaffman ref 13.41 post I know JW has spoken about it but I do not recall HARL doing a fitout. Bit like dry docking every year we are told how Q4/Q1 is the busy time for dry docking but we do not seem to see much of it.

Hebridean9 ref 12.26 post I going to partially disagree with you on 1+2+4. UKEF will in certain circumstances guarantee up to 80% of a loan that relates to exports. With such a guarantee HARL would be in a better position to negotiate more favourable terms than might otherwise be the case.

I do not see share dilution to be probable if the UKEF guarantee is in place. My view is that a non equity security for the remaining 20% not guaranteed by UKEF will be given.

As 20230 draws to a close what is everyone expecting for HARL in 2024? Personally I am hoping that the year starts with closure of the finance deal. Also that some of the other long running projects finish like the Atherstone. It has been about 18 months since this was acquired for sale after being used for parts for Quorn.

More news on the touted Maritime Division and in particular the tugs. The use of their own tugs would be a significant cost saving. Also the option to hire out on the spot market may prove to be cash generative and cover the cost of the tugs.

In Q1 we hopefully will see judgement in the JR and with no further appeal to the Supreme Court. Finally I would like to see some more FSPOs docking in addition to the SeaRose.

Some time during 2024 ñew rules will be coming into force in relation to shorts. They will replace the current EU rules. Responsibility for making rules governing shorts will move to the FCA. One change is the doubling of the reporting requirements to 2%.

Bubble2021 ref 19.26 post If you look again at the publication that was in I think you will see it is not a reliable source. I personally would take my information from a mainstream trade publication. S good test is look at the date of the article. How much fabrication work was doing at that time?

Bubble2021 ref 16.25 post not sure it is possible but I do not see it being done by HARL.

Bubble2021 ref 15.59 post. What I find interesting is that they are not asking BAB or BAe who have deeper pockets so can invest more in the facilities.

Kaeren ref 14.43 post sorry I was not actually asking you about the business case. I was more blowing off steam. It seems as if some yards seem to think the answer is for HARL to buy them. I am even sure the current owners want to sell them which is part of the problem with the Sunderland shipyard.

Kaeren ref 13.48 post why do people suggest that HARL by every closed dry dock and shipyard going. Where is the business case?

In a post on LinkedIn HARL are celebrating reaching 1000 employees. For technical reasons I cannot post the link. Hopefully with the need to pay the workforce we will get the much awaited news on the financial deal.