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Afternoon All,
A lot to take in, but my overall thoughts are positive- it is bold, ambitious, a statement, displays confidence etc.
Interesting LinkedIn post by H&W too.
The InfraStrata group now has the potential of employing 1,550 people- 800 at Harland & Wolff (Belfast), 350 at Harland & Wolff (Appledore) and 400 during the construction phase of the Islandmagee gas storage project.
My overall thoughts are watch this space- confident this will be a very different beast to what it is now by this time next year!
Cheers,
TheEast
In England at least (assume NI is similar) just about anybody can push for a Judicial Review in most planning applications- protesters/ objectors usually threaten to trigger one if (typically residential developments) are given the green light.
It is normally nothing more than a delay and annoyance tactic, and would only be successful at preventing a planning application if the correct process hadn't been followed- they aren't designed to review an application against its merits or otherwise, just that the correct procedures/ planning laws have been adhered to.
INFA would have almost certainly had legal input throughout the working up and submission of the ML application, it might just be that they are now formally retained, or of course, they may have received intel that a JR is incoming and are diligently preparing for this.
The reports done for the ML application used about the best consultant experts you can get in the UK for the nature of the work, so would have a degree of confidence that the reports were technically robust so I'd probably lean towards an incoming JR...
On balance, think it is good. If that was to compensate for options lost in his last post, then is reasonable- especially if you think he is the man to navigatw TLW through the choppy waters.
If he is, he'll more than earn all of his options!
Hi All,
To be fair- a ship in a shipyard undergoing maintenance really isn't news- and of course prices are commercially sensitive. It would be similar to Tesco updating the market weekly to what they're buying and selling bread for.
We'll get an idea of revenues and P/L at the right time in the financial calendar.
JW's LinkedIn posts are a good marketing tool for H&W given the industry professionals that follow him.
Bit of patience- ships in the yard is very normal, un-newsworthy activity.
If we didn't have any activity- then perhaps I'd expect updates on what the hell they were doing to get customers in..!
Cheers
TheEast
Morning All,
Good news to see the dockings continue at H&W. I'm tempering this a little with the fact that a yard the size of H&W needs far more valuable work than the sort of contracts we're currently doing- so although optimistic- I'm also leaning towards a little caution and not getting carried away.
That said, I'm pleased the fund raising was as successful as it was, the yard does have work which is keeping things ticking over, excited to see fund managers such as Gresham House investing, the SP ticking up well over the past couple of trading days and of course every day is a day nearer to a decision on the ML.
Out of all my shares, this is the one that I 'care' more about than 'just' an investment, and genuinely want to see the company do well for more than financial reasons. Probably why I'm trying to keep a lid on getting carried away! All this said, another good week of weather lined up and looking forward to seeing this nudge over the 50p mark!
Cheers
TheEast
Good afternoon All,
Interesting local story about a project to extend the life of EV batteries prior to recycling.
https://www.eadt.co.uk/business/ipswich-the-hold-project-to-house-sustainable-energy-store-1-6750960
Nice to see the rise today on a sunny Friday heading into the weekend!
Cheers,
TheEast
Morning All,
Hope everyone enjoyed the sun over the weekend.
Following on from the Credit Raise, I am certainly in the camp of 'not worried or annoyed'. As good as it is that H&W appears to be getting regular work, we're still absolute minnows in the scale of things, and in terms of turnover and funding. So, this little bit of extra cash (and let's face it- it is pennies when speaking about a facility such as the H&W facility), can only help them cement extra work. We also of course do not know the payment terms that ship-owners will currently be able to negotiate, but I imagine it isn't 30-day terms..!
As for the 2007 story- yawn. Not sure it is worthy of any further comment?
All this aside- I'm focusing on the ML news, as this is the big one for me in the short-medium term.
Cheers,
TheEast
Morning All,
Let's all chill a bit, and respect others opinions (however wrong they are ;-) )
I for one am please we've left sub-1p behind. Still hoping to see a slow but stead rise in the price of all metals and minerals over the next 12 months and would personally be happy if the global economy managed to avoid a recession and post 1-2% growth over the next 24 months. Let's also hope that the spending splurge by governments worldwide feeds into green tech in a big way- this could really be a game-changing moment for greening the economy which will benefit us all.
Fingers crossed for a return of the sun by the weekend,
Cheers,
TheEast
I wasn't sure that it is one of the jobs on the website- the PM role on the web is very generic and reads very much more like a shipping based position. The Gas one is so specific, I would have thought this would have been head-hunted due to the specialist nature of the project- there are probably not that many people out there with the skills who are available on the market at one time.
Either way- it certainly can be read that perhaps news is close to the horizon, or at least any discussions happening are positive for the news to be shared in a public forum like LinkedIn.
Have a good weekend all,
Cheers
TheEast
Story shared by John Wood on LinkedIn, for those looking for some numbers to the contracts you'll get a snippet with this one! Good to see these relationships carrying on and hopefully developing well into the future.
https://lovebelfast.co.uk/stena-line-harland-and-wolff/
Good move Jabido- absolutely can't do any harm! Hopefully this will be at the front of minds when the MOD are tendering for new ships
Afternoon All,
Bad day today across the board, going to bunker down and wait for the storm to pass over..!!
Cheers,
TheEast
Morning All,
Certainly quite quiet on this board more recently.
What are people's hopes over the next few months? Personally, would like to see
- the XCD deal quickly finished to get this distraction out of the way, then hoping to hear more specific details of why this tie up is a good idea (beyond shared expenses/ more efficient/ greater mass to attract farm-outs etc)
- C-19 to stabilise across the southern hemisphere which could be catastrophic to countries with less-developed healthcare, northern hemisphere to find a way of living with it until a reliable vaccine is developed, whilst allowing the economy to operate at 80%+ of capacity?
- Economies to stabilise, immediate bounce back and then I'd settle for 0% growth for the next year or two given the shock
- POO to stabilise above $40 and start a stead increase to the $50 mark over the rest of this year
- 88E share price to creep towards the 0.50 mark based on a drip feed of positive news?
- Most importantly- health!
Looking forward to the return of the sun this weekend,
Best wishes all,
TheEast
Morning All,
What are peoples headline thoughts on Navantia? Any thoughts if they might have put a bid in to the administrators prior to INFRA getting it?
Interesting set-up really, Spanish state-owned company potentially getting in 'through the back door' to win MOD contracts. Might be something they thought they might be able to bid openly on until Brexit, which you'd hope(?) will enable UK govt contacts to give priority to UK companies?
I still sit on the fence on MOD contracts going abroad. On one hand, clearly best value should be part of it, but unless the difference is vast, my gut feeling is it should always go to UK shipyards- the long-term value of retaining this capability and high-skilled jobs far outweighs minor financial savings? Caveat- any foreign involvement should only be support ships etc, and not key fighting capabilities.
My other thought is that the govt needs to get an urgent grip on Navy orders- been wound done to the bones over the past 10-15years and is shockingly lacking the numbers it should have. Great we can still build world-leading ships such as the carriers- but I'd fear for these if the **** hit the fan in a big way and our ability to support these if in active combat.
I'm hoping for a bright, bustling future for H&W!
Cheers,
TheEast
Morning All,
Would agree that the release of news will likely not be in the middle of a takeover. I'm also hoping that the current SP is reflective of 'bad news incoming', and confirmation of that would not do an awful lot to us at this point, however good news could give a decent rise. Current POO does not overly worry me given we're years away from any production, and am relatively confident that a gradual rise over the course of Spring and Summer will mean there are enough backers to further drills.
As for the takeover- DW had better have some decent reasons to this given his personal position in it- I'm yet to be convinced and there is a distinct lack of detail of how this enlarged company becomes more efficient, which has to be on the main value-drivers.
Cheers,
TheEast
12.67% drop is a bit disappointing, but with short term high cost debt and limited revenue, is this really a 'as we were' set of results? H&W on schedule to break even within 12months assuming further contracts are forthcoming- if nothing else however, is good that they have successfully completed their initial work. Has still got to be a strategically good move with no shortage of off-shore work. I just wonder if Covid will have any impact on globalisation at all, and a drop off in international shipping? I'm not sure myself. At least the sun was out for a short time this morning!
Cheers,
TheEast