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Short and sweet .. Amedeo Resources Plc, the AIM quoted resource and resource-infrastructure and asset investment company has appointed WH Ireland as Nominated Adviser and Broker to the Company with immediate effect.
really hoping for news before christmas.Waiting for news on all three shares that i am invested in. Still a big believer. But come on it's nearly christmas. GLA.
6 months to go until the completion of their 'Explorer 1' 116E drilling rig, anything can happen between now and then. Not to mention they have an option to build another rig for same the client. A long while back they also had a LOI to build an FPSO for SSP Offshore, SSP offshore's business assets have recently been purchased by Sembcorp. Sembcorp also build offshore rigs so I don't think this will go ahead. http://www.sembmarinessp.com/ In there last interims, they stated "several discussions are taking place with respect to placing orders, some of which are advanced", this was 3 months ago. we should be nearing completion of orders. Approximately £3m (US$5 million) was raised by way of a subscription for new shares in the Company (the “Subscription Shares”), at a price of 1p per Subscription Share, by Mena Global Investments 1 Limited (“Mena”), a fund based in Malaysia. Amedeo also increased it stake in the YZJ JV from 18.6% to 19%. not long to go 6 months and patience.
Good article akramms, Top 21 means we're on an elite list. The Times should not really use the word soon, should they?!! How long has it been now? 4/5 weeks? GLA.
Beijing adopts selective lending to force shipyard consolidation http://www.shippingherald.com/Admin/ArticleDetail/ArticleDetailsFinanceEconomy/tabid/104/ArticleID/18368/Beijing-adopts-selective-lending-to-force-shipyard-consolidation.aspx
see Directors Talk website
Amedeo Resources two main technical analysis options: http://www.*****************/amedeo-resources-two-main-technical-analysis-options/
Positive report on subsea vessel demand, http://www.shipandoffshore.net/news/offshore/offshore-article/id/subsea-vessel-demand-expected-to-accelerate.html Come on Glen, 'reel' in those contacts!
Great research mate. posts rec.
Offshore push in its infancy as demolition work gets trimmed Shipyards venturing into the offshore sector while maintaining a shipbreaking presence probably have the right strategy to counter the downturn in shipbuilding. Yangzijiang Shipbuilding is among the many Chinese yards adopting such a business model. It made a foray into offshore two years ago through Jiangsu Yangzijiang Offshore Engineering after securing an order for a jack-up drilling rig worth $170m from Mena Offshore Investments. Yangzijiang has constructed a new offshore yard based in Taicang for the business and is slated to launch the offshore unit at the end of this year. However, the company is not going all out to win offshore deals after sealing this first contract. Offshore activities for Chinese yards remain in their infancy, says Yangzijiang chief executive Ren Yuanlin. “They will not be money-makers for the yards, as the majority of the vessels’ designs and equipment are still produced by foreign firms,” he said. He compares the current status of offshore construction to the state of Chinese shipbuilding in the 1970s. “Yangzijiang is still at the learning stage in building offshore vessels and the jack-up rig will equip us with the experience. If the demand for offshore projects continues, we will continue to pursue it,” said Ren. As for shipbreaking, Yangzijiang has scaled down its involvement after shedding 50% of its holding in Jiangsu Huayuan Metal Processing (JHMPCO). “In view of the weakening demand and increased costs of this business, we have decided to reduce our presence in this segment. The yard will be left standing there until scrapping activity picks up,” said Ren. The domestic ship-scrapping industry has been in “bad shape” for the past three years due to falling steel prices and slow demolition sales market. Shipping companies have also tended to send their vessels to South Asia for demolition as they could fetch $200 per ldt more there. A few Chinese scrapyards located in the north of the country are said to have closed down. One shipbroker says the more vessels breakers buy, the more losses they will incur.
Yangzijiang joins league of mega-boxship constructors Privatised yard’s success down to China’s economic growth and commitment of company’s workforce Singapore-listed Yangzijiang Shipbuilding has joined the exclusive club — dominated by South Korean builders — of yards delivering mega-boxships. The Jiangyin-based shipbuilder was only constructing 1,000-teu vessels a decade ago but will deliver nine of 10,000 teu this year. Yangzijiang chief executive Ren Yuanlin is all smiles as he describes the company’s transformation to TradeWinds. “In the past, our total sales volume for a year was only $100m but today it is about $1bn,” said Ren. He attributes Yangzijiang’s fast growth to China’s rapid industrialisation and its accession to the World Trade Organisation (WTO), allowing the domestic shipbuilding industry to be recognised internationally. “Yangzijiang was also the first Chinese state-owned yard to be privatised,” said Ren. “It allowed the company to restructure and to be entrepreneurial. “We were also the first Chinese yard to be listed on two stock exchanges — Singapore and Taiwan. It provided Yangzijiang with cheaper financing compared to our compatriots; shipbuilding is capital-intensive.” Yangzijiang has also made massive progress with its orderbook. Last year, the company was fifth among Chinese yards based on its orders volume but today tops the chart with the largest backlog of 2.83 million compensated gross tons (cgt), according to figures compiled by London broker Clarksons. Shipbuilding observers say Yangzijiang is price-competitive and its good reputation has attracted customers such as Oldendorff Carriers and Torvald Klaveness to book newbuildings. Yangzijiang’s financing and leasing company in Singapore, Yangzijiang Leasing, has also helped to pull in orders. It has booked eight kamsarmax bulkers at the yard and has bareboat chartered out four units each to Oceanbulk of Greece and freight trader Global Maritime Investments (GMI). Ren adds that, other than the economic factors that facilitated Yangzijiang’s quick growth, an efficient management team and a good reward system have also played a part. “We reward our employees with company shares and this motivates them to work hard since they are also owners of the yard,” he said. Describing the construction of Seaspan Corp’s 15 boxships of 10,000 teu, Ren admits the initial building period was not easy because it was a new ship-type for Yangzijiang. “The first vessel took us 24 months to build but, as we gained experience in constructing them, we shortened the building period to 12 months,” said Ren. “Our future direction is to build even larger containerships and be involved in constructing high value-added vessels such as VLGCs [very large gas carriers].” Yangzijiang’s ambition in t
Lomar sustains S&P pace and readies fresh box order Fast-growing Greek owner has snapped up six more boxships and is planning a newbuilding contract in China for wide-beam quartet Lomar, the shipmanagement arm of the Libra group, is continuing its market activity with sale-and-purchase (S&P) deals and reports of a new round of boxship orders. ... Continuing the strong expansion of its boxship fleet, Lomar is said to have booked or be very close to inking four more wide-beam, 2,500-teu eco-boxships at Yangzijiang Shipbuilding (Holdings). They are said to be costing $34m apiece. Delivery dates are not yet known. It is not Lomar’s first co-operation with the yard, as it previously booked a series of six 1,100-teu boxships there. Two were delivered this year, three are due in 2015 and the last in 2016. The latest deals will see Lomar’s container fleet grow to about 50 units, including newbuildings. .... http://webcache.googleusercontent.com/search?q=cache:DCbLVKpri6YJ:www.tradewindsnews.com/weekly/350130/Lomar-sustains-SampP-pace-and-readies-fresh-box-order+&cd=3&hl=en&ct=clnk&gl=uk
Vogemann at Yangzijiang for newcastlemax series Eight replacement newbuildings will carry a higher price tag than the orders originally contracted by the German owner at JES Reederei Vogemann has turned to Yangzijiang Shipbuilding for up to eight newcastlemax bulkers. Industry sources say the eight 208,000-dwt newbuildings are for delivery from late 2016 into 2017. The deal involves four firm ships, plus four options. TradeWinds is told that the ships will replace eight similar-size newbuildings the company signed up for early this year at JES International Holdings. But that deal did not materialise as the yard failed to secure refund guarantees. Chinese financial institutions are tightening up on lending to shipyards as the sector is regarded as risky. Also, JES subsidiary Jiangsu New East Marine Equipment was removed from the first batch of “white list” shipyards drawn up by China Ministry of Industry and Information Technology (MIIT). Jiangsu Eastern Heavy Industry, another subsidiary of JES, is also blacklisted by the Supreme People’s Court of China for failing to settle debt obligations of around CNY 15m ($2.44m) covering five separate lawsuits filed by equipment suppliers. China, faced with an excess of shipbuilding capacity, singling out in the white list shipyards considered worthy of policy support. The Vogemann order is costing around $24m more than previously. It is said to be paying around $56m for each newcastlemax at Yangzijiang compared with a reported $53m at JES. Vogemann is also listed with six fuel-efficient handysize bulkers on order at Samjin Shipbuilding. The 36,000-dwt units were booked last year at a reported price of around $22m each for delivery from the end of this year into 2015. However, Vogemann is not likely to take delivery of the sextet from Samjin as the yard is now under Chinese court protection and operations have stopped. The Korean shipyard was hit with financial troubles and failed to secure refund guarantees for its newbuilidngs. It is unknown if Vogemann is looking for another shipyard to have the handysize ships built. Vogemann has also acquired tonnage from the secondhand market. In July, it bought the Mipo-built, 36,800-dwt Voge Emma (ex-A Handy) and Voge Mia (ex-B Handy, both built 2011) for $18.5m and $18m, respectively. The duo was previously owned by Nobu Su’s Tomorrow Makes Today (TMT) and they were sold at an auction approved by the US Bankruptcy Court in Houston, Texas. The company has also offloaded two vessels from its fleet. It sold the 700-teu feedership Johanna (built 1999) for $1.6m to Foroohari Reederei and the 71,000-dwt panamax bulker Voge West (built 1995) to an undisclosed buyer for $5.5m. London broker Clarksons’ database lists Vogemann as currently owning three capesizes, three open-hatch handies, one panamax bulker, six handysize bulkers and two handysize products tankers. http://www.tradewindsnews.com/weekl
Yeah LSE must've removed the name of the site. If you replace the blanks with d i r e c t o r s t a l k . c o m Or just search Amedeo when you get to that site it will show you post from yesterday. All you're missing is the chart picture anyway, I pasted the whole article in. GL.
Your link does not work...can you plz post the correct one?
http://www.*****************/amedeo-resources-two-main-technical-analysis-options/ Bubbling under is probably the best way of describing the share price of Amedeo Resources (LON:AMED) since the beginning of the year, a point underlined by the way that especially in the post October period we have seen a couple of serious attempts by the stock to hold / sustain the 200 day moving average now at 0.84p. This feature is clearly now the line in the sand for technical traders given that after all the consolidation seen during 2014 to date towards an extended 0.5p base, we would like to see a weekly close above the main moving average to call time on the wind down from the sharp February peaks. Therefore as far as trading strategy is concerned there continue to be two main options here at Amedeo. The first would be to buy weakness towards the 0.5p zone, or to look for the big momentum trigger – a sustained clearance of the 200 day moving average. At this stage it may actually be that the latter course of action is preferred as it is expected the next time the stock clears the 200 day line the move to the upside could be as sharp as that seen earlier in 2014. Only a weekly close back below the October 0.45p floor is currently regarded as being outright bearish technically for Amedeo Resources.
someone lost out on a quick day trade this morning, but does seem to be a buyer here...
not many in free float here rumours of 3 contact wins if true fireworks and good luck getting any at this price!!
likes buying 100000 lots..good to see.
Heads up guys
+17% and someone hoovering these up could be a good DAY!!
Hi Rugs. I suppose the seller(s) were just in for a quick flip or had their stop loss triggered. It is hard to time this one and as you say buyers are back in now. I doubt there is anything behind the drop just as there was nothing fundamental behind the recent spikes. I still think that there is good upside here yet.
caused the spate of sales early afternoon ? At least buyers showing again as we get towards the close
Up today on no trades. 3 weeks ago the Times said 'soon'. I am impressed by the company but i would just like some substance behind the rises instead of a spike and retrace.