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JW post on Linkedin today link below & full details of post:
https://www.linkedin.com/feed/update/urn:li:activity:6763053397584158720/
55m • 55 minutes ago
'With the arrival of our new robotic panel line in Belfast and the start of the process to reinstall the refurbished dock gates in Appledore the team have made amazing progress despite being in a COVID environment in re establishing Harland & Wolff as a competitive force within our five Markets. Whilst everything is taking longer we are excited by the prospect of eventually getting back to normal operations as the vaccine is rolled out.
We have seen a lot of work that has been planned and tendered put on hold, the main problem is not that the owners don't want to do the work but more that the technical specialists from around the world that are required can't travel. In essential cases in order to keep vessels in service we have seen our teams adapt using remote video conference to operate as the local hands for the OME's overseas.
Ship Repair work in Belfast is strong with a solid demand through the year, we are starting to see the release of ITT's for substantial conversion projects. We are well placed on several substantial fabrication projects, the key focus for the team is converting tenders into binding contracts. Appledore is getting ready for vessels that should commence in the coming weeks in line with the current upgrades works completing.'
Just posted on Linkedin is response to JW's post:
'Good to have the update but clearly that RNS for 'that contract' not yet likely due.However starting to see ITT's (Invitations To Tender) is a good start & shows that H&W have succeeded in its pre-qualifications.Onwards & upwards.'
Chrisatrdg Thanks for your 12.18 post my only concern is with ITTs that are mentioned. That would mean that the contracts on any successful tenders would not be before Q3/Q4 so this would give work for next year. I note that we have the compensation of work coming into Appledore soon.
Chris,thanks to links excellent news
My reply from JW - some comfort can be taken from it:
EO at InfraStrata Plc. H&W (Belfast) Ltd23m
'Chris lots of potential contracts, the RNS’s will start to come out when material contracts start being confirmed. Negotiations are very time consuming and complex’s in the current environment. Onwards and Upwards.'
NB: I am still saying 'Strong Buy'.
Good to see JW respond to your post Chris, I'd imagine he's watching most media platforms.. Hopefully he's picking up recent vibes, around bonus allotment