News
Council lost £1.8m after trading of £1.9m loan for almost ‘valueless’ Bluestone shares
PEMBROKESHIRE politicians have slammed a council leadership bid in the wake of revelations that the previous administration lost £1.8m by exchanging a £1.9m loan in the Bluestone holiday village for shares.
At the full council meeting of Pembrokeshire County Council on May 11, members heard the secured £1.9m loan investment in Bluestone was exchanged for shares which – at best – have been valued at £70,000.
Cabinet member for finance, Alec Cormack told members at the May 11 meeting that the very best annual dividend received on the shares was £5,250, meaning it would take 340 years to recoup the apparently written-off loans.
The behind-closed-doors decision, made by the previous council administration’s Cabinet in 2009, also included the removal of a previous agreement securing public access to the Blue Lagoon water park, then known as Waterworld.
The issue was raised at the May meeting by Councillor Alan Dennison, a new member of the council’s Independent Political Group (IPG), which also happened to be the previous administration.
In a submitted question, he asked full council: “Given the council’s previous investment in Bluestone of a 1.9 million secured loan, now converted into shares, can the Cabinet Member advise what return on investment per annum has been received over the last five years in share dividends or any other form of income?”
Members heard that amounted to just £19,000 in five years.
The £110m Bluestone eco-resort, near Narberth, opened in August 2008.
Early on, the county council invested two loans, adding to a total approaching £1.9m, the lion’s share in respect of Waterworld – now called the Blue Lagoon – with the key justification being there would be year-round public access for the public.
In 2009, it was reported that the county council took up an equity share option in the company behind the Bluestone holiday village, exchanging its loans for them.
Cllr Cormack answered Cllr Dennison’s question at the May 11 meeting, saying the original £1.9m investment was secured with a legal charge on land at the land registry, but was later exchanged for shares with no guarantee and the loss of the public’s right to access the-then Waterworld.
It was in 2009 that the confidential behind-closed-doors decisions were made, removing the loans and the guarantees, members heard.
“The council’s lost £1.8m of the £1.9m – roughly 95 per cent – of the IPPG investment and the public’s lost the guaranteed right to use the Bluestone pool,” said Cllr Cormack.
“At this rate, if we took that maximum dividend amount of £5,250, the council would get its money back in roughly 340 years.”
Speaking after the meeting, a spokesperson for the Pembrokeshire Labour Group praised Cllr Cormack’s role in bringing the information to the public domain.
“Cllr Cormack’s revelations about what had been agreed by the IPG administration are astonishing. There is simply no justification, whatsoever, for the decision by the Independent Political Group (IPG) cabinet leader of the time [Cllr Jamie Adams] to convert the loan into shares.
“Not only do they contain no justification for the decision; it’s clear the IPG swopped a secure loan for shares without any consideration of the consequences. They traded the people of Pembrokeshire’s access to the blue lagoon and £1.8m of taxpayers’ money for shares worth less than £70,000.
“Not only were they worth just £70,000, they’re also non-voting shares meaning this shoddy deal failed to secure this authority any influence over the company – it absolutely beggars belief.”
Referring to a forthcoming vote of no confidence in Council Leader David Simpson, in favour of IPG group member Huw Murphy, the spokesperson added: “This is the same Independent Political Group who are now desperate to run the council again and they’ll need the backing of the Tories to do it. The question must be, what secret deal have they cut to short-change the people of Pembrokeshire again?”
Councillor Jamie Adams, leader of the IPG group, has been contacted to comment.
Crime
Milford Haven drug dealing pub boss who boasted of ‘best coke around’ jailed
Dealer who claimed £160,000 profits was later calling police for protection as threats escalated over money he owed to his suppliers
A MILFORD HAVEN drug dealer who bragged he had “the best coke out there” and claimed to have made up to £160,000 in just four months has been jailed for six years.
But behind the image of a confident, high-earning operator, the reality was starkly different — a man in debt, under threat, and repeatedly calling police for protection as his world closed in.

The 35-year-old defendant admitted multiple offences relating to the supply of cocaine and cannabis when he appeared before Swansea Crown Court.
The court heard he played a significant role in the supply of Class A and Class B drugs, purchasing large quantities — including claims he was buying cocaine by the kilogram — and maintaining contact with upstream suppliers.
In messages shown to the court, he boasted about his profits, claiming to have made £38,000 and suggesting that far larger sums were within reach. He also claimed to have earned £160,000 in just four months and said he had bought two houses.
He told customers he had “the best coke out there” and responded aggressively to complaints, stating: “Out of £30,000 worth, you’re the only one to complain,” before adding: “Bad mouthing me is a bad idea you little slag.”

Violence and intimidation
The court was also shown chilling footage of a confrontation at a property on the Mount Estate, where the defendant was heard directing violence over a debt.
In the video, he shouted: “I got boys, yeah, I got boys,” before telling others to “kick his head in” as the attack unfolded inside the victim’s home.
Witnesses described him as having become a “kingpin” in Milford Haven’s drug scene, operating from The Vibe public house, which they claimed was used as both a legitimate business front and a base linked to drug dealing.
Fear behind the façade
Yet the court heard that behind the bravado, the defendant was living in fear.
He had accumulated drug debts estimated at between £18,000 and £26,000 and was being threatened by those higher up the supply chain. His partner reported people turning up at their home, with threats including claims it would be bombed or burned down.
The Herald attended his home address on multiple occasions to report on police activity after he called officers for protection.
In a direct call to this newspaper during the period, he said: “There are threats to my life — people want me dead, dead. I don’t want this in the paper. It’s over money… hundreds of thousands of pounds.”
Documents reveal further pressure
The Herald can also reveal that the defendant was served with a statutory demand in late 2025 over an alleged unpaid debt relating to stock, fixtures and fittings following his takeover of The Vibe public house in March 2024.
Documents seen by this newspaper indicate the financial pressures he was under extended beyond drug debts.
National attention
The case has already drawn national interest, with Channel 4 making a documentary featuring the defendant after interviewing local people in Milford Haven over recent months.
‘Significant role’ in drug trade
Police arrested the defendant on January 5 last year on suspicion of being concerned in the supply of Class A drugs. A search of an address on Priory Road uncovered 18 grams of cannabis, while a separate incident involving a vehicle led to the discovery of 73 grams of cocaine and cannabis.
Prosecutors said he was actively involved in the supply of drugs and purchasing large quantities, describing him as a key player in the local trade.
He has 57 previous convictions, mostly for theft-related offences.
‘Only a custodial sentence’
Defending, Mr Ibrihim described his client’s background as a “tale of woe,” telling the court his father was addicted to heroin and his mother struggled with alcohol. His younger sister died in 2022.
The court heard he had gone “off the rails” in his late teens and that his drug dealing was linked to debts, including those connected to his father. It was also said that many of his claims about wealth were exaggerated and amounted to “bravado”.
Sentencing, the judge said: “The seriousness of this offending means that only an immediate custodial sentence is appropriate.
“You played a significant role in drug dealing. What is clear is that you were dealing with a lot of cocaine.
“I have no doubt that some of what you did was due to pressure, but some of it was for your own gain.”
The judge added that despite the defendant’s claims of wealth, “you haven’t got hardly anything left”.
For the supply of cocaine, he was sentenced to six years in prison, with a concurrent sentence of 30 months for supplying cannabis.
He will serve at least half the sentence in custody before being eligible for release.
A victim surcharge of £228 was also imposed.
Community
Loose horse sparks police response in Pembroke
Animal seen galloping through residential streets and towards main road
POLICE are reportedly tracking a loose horse which strayed into a residential area of Pembroke.
The animal was first spotted in Gatehouse View before making its way onto a nearby main road.
A post on the Pembroke and Pembroke Dock Citizens’ Forum said the horse had left Gatehouse View and was seen heading towards the road by Pembroke Leisure Centre.
The resident wrote: “Anyone recognise it? Police following it.”
The horse was later reported to be galloping down Buttermilk Lane in the direction of Martha’s.
Stray horses are not uncommon in the area. In January, several animals were reported loose around Pembroke and along the A477, particularly near Buttermilk Close and the Cleddau Bridge.
Those incidents created a hazard for motorists, prompting Pembrokeshire County Council to step in and return the animals. Drivers were advised to take extra care and avoid startling them.
international news
Britain exposed: UK has no real shield against long-range Iranian missile threat
Reliance on US interceptors leaves gaps as Iran’s reach grows
BRITAIN would struggle to defend itself against a long-range ballistic missile attack and would instead rely heavily on American systems based in Eastern Europe and at sea — with no guarantee of success.
That is the stark reality emerging after Iran’s attempted strike on a UK–US base at Diego Garcia on Saturday (March 21), a move that caught many world leaders off guard and marked a significant escalation in capability.

Concerns are further heightened by Iran’s development of larger space launch vehicles, including the Simorgh, Zuljanah, Ghaem-100 and Qased systems, which on paper demonstrate ranges of between 2,200 km and up to 6,000 km, with payload capacities of up to 1,000 kg. While these rockets are officially designed to place satellites into orbit rather than deliver warheads, they use the same multi-stage technology and propulsion systems found in long-range ballistic missiles. Defence analysts have long warned that such programmes provide a clear pathway to intercontinental strike capability, raising the prospect that parts of Europe — and potentially even the UK — could fall within reach if these technologies are adapted for military use.
No UK shield over Britain
The UK has no dedicated system to shoot down long-range ballistic missiles over its own territory.
While RAF Fylingdales provides early warning and tracking, it cannot intercept incoming threats. Britain’s air defence network — including RAF jets and ground systems — is designed for aircraft, drones and cruise missiles, not high-speed ballistic weapons.
In simple terms, if a missile were heading toward a target such as Milford Haven’s energy facilities, there is no British-operated system that could reliably stop it at the last moment.
America would have to act
Instead, any interception attempt would fall to the United States.
Key assets include:
- Aegis Ashore missile defence bases in Romania and Poland
- US Navy warships equipped with SM-3 interceptors
- Wider NATO tracking and coordination systems
These systems are capable of striking a missile in space during its midcourse phase, long before it reaches the UK.
But there is a crucial limitation: they can only engage if the missile passes within range of those systems.
If the trajectory falls outside that envelope — or if no US ship is positioned correctly — there may be no interception at all.
A probability, not protection
Even when an intercept is attempted, success is far from certain.
Testing data for the SM-3 system suggests success rates of roughly 50 to 80 per cent per engagement, depending on conditions. In practice, multiple interceptors are often fired at a single target to improve the odds.
That still leaves a significant margin for failure.
In a real-world scenario involving countermeasures, technical faults or multiple missiles, the chances of at least one getting through rise sharply.
Gaps in coverage
The NATO missile defence network is not a continuous shield.
It is a patchwork of coverage zones tied to specific systems:
- Romania and Poland provide fixed land-based interception capability
- US warships offer flexible but limited coverage depending on deployment
There is no permanent protective umbrella over the UK itself.
If a missile does not pass through one of those defended zones, Britain would effectively be relying on luck and geometry.
Deterrence, not defence
Ultimately, the UK’s primary protection is not interception — it is deterrence.
Any successful strike on British soil would almost certainly trigger a major NATO response, making such an attack extraordinarily risky for any adversary.
But deterrence does not equal defence.
A growing concern
Iran’s attempted long-range strike on Diego Garcia has shifted the debate sharply.
The use of a missile capable of travelling thousands of kilometres surprised many Western leaders, who had not expected Tehran to demonstrate that level of reach in the current crisis. Although one missile failed and another was intercepted, the incident has raised fresh questions about how far Iran’s capabilities have advanced.
For years, the idea of a missile threat to Europe — let alone Britain — was largely theoretical. Now, defence analysts are treating it as a credible future risk, even if capability remains limited today.
The bottom line
The UK can detect a missile, track it, and coordinate a response — but when it comes to actually stopping it, the country would be dependent on American systems operating at distance, with no certainty of success.
If a missile ever did get through, there would be little standing between it and its target.
And that is the uncomfortable truth behind the headlines.
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