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In a news article from Business Live JW states 'Over the coming weeks we will be welcoming some old faces back into the yard and introducing new employees'.
There's nothing new in this report re the 350 new jobs but what was interesting is the timescale of 'coming weeks' for the new starts. They're not hanging about at Appledore.
The full article is at https://www.business-live.co.uk/ports-logistics/hundreds-apply-appledore-shipyard-jobs-18931493
Stena Superfast Vlll just into dock this evening.
www.vesselfinder.com
Interesting read here and reference to INFA. It links in with the Danawinner post last week and the promotion of Primorous.
https://www.standard.co.uk/business/market-report-gold-investor-primorus-under-attack-from-investors-a4543366.html
Jabido. The niferry ferry Facebook group is great for info, particularly on the Stena boats. There's also on FB 2 other groups where there is interesting info sometimes, they're 'Northern Ireland ferry (and shipping) enthusiasts' and 'The Shipyard'.
Each of these groups have pics posted from time to time from people that actually seem to be working in the yard or at least have access to it.
Cheers Chrisatrdg for posting the link for the Defence Committee meeting on Parliamentlive. I'm fascinated to hear what goes on at these meetings. Appledore and UK shipbuilding being discussed at the mo.
There are 11 members on the Defence Committee. One of these is politician Gavin Robinson (DUP). It was Mr Robinson who raised the question last week to Boris in PM's questions about Harland and Wolff and the position they're in with Belfast and Appledore yards to assist the country going forward.
The relevance of this post is that Mr Robinson's constituency is East Belfast where H & W is based and he has consistently beat the drum promoting H & W over the years. He's a very articulate speaker (barrister by profession) and in my opinion a very good representative to fight for the naval defence contracts to stay in the UK.
He was very verbal and supportive to the H & W workers when the yard was in administration prior to INFA taking them over in November 2019 and is very well respected in East Belfast and H & W for this reason. (I'm talking from local knowledge having been born and brought up less than 10 miles from the Yard and having family still living in the East).
In my opinion he will be very much promoting UK jobs for UK naval contracts and doing absolutely everything he can to ensure H & W is involved. In summary, a good individual to have his voice heard on the Defence Committee.
A bit more info now tells me it's coming into the BB dock. I'm still trying to find out what it's in for but in my view its a long way to come from Canada for routine maintenance.
It'll be interesting to keep an eye on those other Vikings Longlad.
In the meantime the 210 metre Oceanex Connaigra has recently left Canada and I'm of the understanding it's on it's way to Harland & Wolff at the minute.
This big girl was in H & W 6 years ago and itll be good to see her back again (assuming my info is correct).
I see the first of the Viking ships has just left H & W half an hour ago. Viking Sun is on it's way to Germany now.
Stena Scotia must be nearly completed too so hopefully we'll be seeing another vessel in soon with the released dock space.
Soz, typo in my last post. It was mean't to say 'This sentiment is being fuelled with us leaving the EU'.
Surely H & W and Appledore must get something from the Government contracts ? All the indicators from the Appledore purchase must point to something ? Boris being there and the hints he's made i feel must being going somewhere. I can't see him setting himself up with all the fanfare that was the Appledore Yard being brought back to life for there not to be something in the planning. Also JW being the astute businessman and negotiator i believe he is, why would he buy a derelict ship yard with only one current employee and a yard that was recently discarded by Bab**** . . . . and with nothing being promised in return ?
Lets face it (or maybe I'm being too cynical), but aren't most Government decisions highly influenced by public sentiment and the public sentiment to buy British and build British is gaining MASSIVE momentum at the minute. This sentiment is being fuelled with us leaving the UK, our possible lessening of our 'Europe' love, the massive job losses as a result of Covid and desire to 'build Britain better' and also (dare i say it), the camaraderie of the British people to 'look after our own' and support each other in tougher times.
This is such a vote winner for Boris to award these contracts to UK companies and to do it with the pomp and presentation of 'these contracts could have been done abroad, and done abroad cheaper, BUT, we want British built ships, built in British shipyards and to enhance our British naval fleet and that's why we're giving our heavy engineering sector a massive boost by going British'.
Before it's said back I know Team Resolute is led by Spanish company Navantia, however not just JW is a negotiator, Boris is too and he could specify the majority of works be completed in the UK. With INFA now having H & W and Appledore this surely also strengthens their case and ability to complete contracts such as these.
I've attached a Business Live news article where Labour and the Unions are also beating firmly on the build British drum.
GLA
https://www.business-live.co.uk/manufacturing/labour-backs-campaign-15bn-warship-18842726
The Bab**** consortium is more than likely the biggest competition to Team Resolute (which includes H & W) for the massive government FSS contract. I wonder what the relationship is like with Bab**** and the government decision makers ? I imagine the government were disappointed with Bab**** when their offer of this 60 million contract was declined and those UK jobs at Appledore were lost with Babs closing the yard.
It was only yesterday I made the comment in my long winded post that I didn't think for a second that JW and Co were spending this recent silent period thinking about the choice of Ginger Nuts or Jaffa cakes for their tea breaks, and that they could be working on something bigger.
I didn't expect though the lengthy RNS update on what they were doing less than 24 hours after my post.
To use a cliche, what a difference a day makes !
Congrats to INFA and all parties involved with Appledore. This I feel also strengthens the case for Team Resolute with the FSS contract tendering.
The fact that labour talk about 'Spanish led' isn't necessarily a negative.
In this at times very perverse world of politics, it might even be a positive. Tories being Tories, they won't want to be seen to be directed, influenced or instructed by Labour on what's best for the UK. Heaven forbid that Labour might get the credit if the Government did go for a 'more UK' based consortium.
The perversity kicks in with the Tories possibly saying we're not going to do what 'they' say.
Please no-one kick me with this over simplistic view of mine, but when you're dealing with politicians making the decisions some cynics might say that egos, personalities, relationships, future votes, etc are all involved in the decision making process and don't rule anything at all out.
I'm going to open my wee head with some thoughts here.
I've seen some recent posts here where some people are getting frustrated with no news and stating certain timescales they're going to give it before jumping ship. Well I've been the same. I'm frustrated, very frustrated, at very little news being fed to PI's. I've not thought of selling up but have seriously thought about reducing my holdings.
I'm still here though, and with time on my hands I've given this a lot of thought as to what i plan to do next. The frustration of silence from the company on what's happening has me concerned. The longer it's going on has me more concerned. Now ! Maybe it's just the optimist in me (and the result of having this too much time on my hands), but this silence now has me a little excited. I'm staying exactly where i am. Invested !
I don't believe for a second that JW and the board are consumed with discussions among themselves as to whether they have Ginger Nuts or Jaffa cakes with their morning coffee. They're obviously up to something with their time (and not telling us in BB's, social media or RNS's). The longer the timescale that we hear nothing indicates to me that they're working on bigger things. (I'd just like to know in the meantime how busy or otherwise they are with the smaller things, ie is the Viking and Stena work sufficient to keep the boys busy in the meantime).
Anyway. Back to the bigger things. Assuming the limited news flow indicates they're working on bigger things then we're in for something very dramatic on the strength of this when news does come. Now 'dramatic' could be positive or negative. I feel our 'dramatic' is gonna be a massive change one way or other in the share price. Depending on the results of these bigger objectives we could see a dramatic fall or indeed a dramatic rise. Thistimenextyeer believes that this time next year we're definitely not going to be at 37p a share. Closer 3.7p or £3.70 might be more accurate.
This share excites me more than anything else in my portfolio right now and i'm prepared to sit tight and with an understanding that either of these prices are very very possible.
Positives i see to take the risk include, the massive upside potential, the management team in place, JW's own skin in the game and more so recently are the II's that are onboard and how easy it was for the recent capital raise with them. I don't believe for a second these II's have invested without some sort of knowledge and this is the knowledge us guys as PI's haven't been given.
To summarize, i believe there is potentially exciting news there, but we as PI's aren't getting it yet, just the II's are. There are commercial reasons for this and i accept this.
Fingers crossed for all of us here and obviously no-one make any investment decisions based on my thoughts or what I've said here (although i don't think i've said anything much at all with this wee rant, lol.)
DYOR a
Soz BT, I must have still been writing my post when you replied to Chris.
Fair play to you though doing some research and posting it (albeit outa date, lol). The more of us researching and posting the more info we have to make informed investment decisions.
BT. Help me out here please. I totally understand your question but can't fathom the significance of it unless you have additional info.
Union Moon was damaged in a collision 8 years ago. If it hasn't been repaired or scrapped in the last 8 years why ask the question now ? Has something recently changed to suggest it might be repaired or scrapped now ?
Assuming even after this length of time the owners now want to do something with this, then yes, it could be work for H & W. It could also be work for every single shipyard / salvage yard in Europe and beyond.
Your question is very clear but the apparent randomness of it with the timescale that's passed and with the fact it is docked near the Netherlands , i don't understand. . . . again, unless you have reason to ask it with some known information.
Good man Dawski. Hopefully they might give us a bit more info around the activity going on at the mo. Anyone else have any contacts or sources of knowledge ?
Surely with the number of INFA shareholders now, i imagine some of them are H & W workers and on the factory floor. I even imagine some of them may even be on this LSE bulletin board too.
My point is I'd love to know just how busy the guys 'on the tools' are on a day to day basis in H & W. As I've heard no talk of any staff furloughed I'm assuming the workplace is busy enough and there's sufficient work there to keep everyone busy.
If you are a member of staff there it would be great to get some general feed back or if anyone here knows any staff on the coalface it would be great to ask them this to give us an idea of how busy things are in the Yard. Obviously I'm not asking any market sensitive information or anyone to go out on a limb by chatting here, but just to get some general feed back along the lines of 'yeah, we're up to our eyes and there's as much overtime as we want' or 'work is a bit slow at the moment and sometimes there's not that really much we could be doing'.
Please do say hello back and give us an idea of the current workload if you're in position directly or indirectly to answer this.
Cheers.
Anthony Luzio, editor of Trustnet has wrote an interesting article where he discusses Gresham House and their investment approach and strategy. Reference is made to the purchase of Infrastrata by Gresham and the management team at INFA. It's a good read on the reasons why Gresham bought I to INFA.
https://www.trustnet.com/news/7465783/the-trust-taking-a-private-equity-approach-to-small-caps