The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I hope they put the lights out before closing the dock gates ...and left a Bankers Order or even better "Cash " in the secret place ...no doubt there will be another ferry soon ..will let you know !!
Cemi has now left dock & is on the high seas with no further ships at H&W.We now await the next ship - hopefully soon.
https://www.vesselfinder.com/?imo=9142605
Cemi as left the building.
Next!
Morning Chris. Thought the contract was for five of their ferries. The Forecaster is a cargo ship.
Agree that it's been dire for most previously held stock. But great for grabbing some quality stock at bargain prices.
Hi Si_Derman - Isle of Inishmore work now completed & it is back to duties but Cemi is still in dock.I have been following shipping movements daily & Stena Forecaster has been docked in its current position for a while now & might be next in.
At present I do not see any new activity at H&W a situation that cannot be sustained.
I am hoping for some positive news soon to replace what is a dire situation for all stocks & shares all pretty grim.
https://www.vesselfinder.com/?imo=9142605
Back in te middle of January there was this article posted by speedy that said we had five Stena ferries to work on over the next ten weeks or so.
https://www.cruiseandferry.net/articles/harland-and-wolff-starts-1635-million-refit-on-five-stena-ferries
Been trying to find out how many we have done so far. I recall the superfast VIII
Anyone remember any others?
I see from Chris's ship finder that there were two of theirs moored opposite the dry dock this morning. One, the Mersey has just departed and heading out to sea and the SF VII is moored further up the docks.
I'm guessing that this is must be the terminal where they do their normal Ro-Ro thang.
Thought that maybe one was waiting to pull in for some maintenace.
Add this into the mix and Gas becomes ever more important.
https://www.cnbc.com/2020/04/01/two-large-coal-fired-power-stations-in-the-uk-close-down-on-same-day.html
Gas is realistically being put on the back burner for now
HW are, however, full steam ahead.
Nevertheless, SP is still in the doldrums with traders/ investors finding plenty of other fish to fry
Speedy's post of yesterday,whilst being a "good" find ( and well done by the way for his efforts ),it does not really add much that is already in the public domain about the national situation with Gas Storage and the problems with our various projects.
When we have final news that the M.L. is available ( with "reasonable and workable " conditions ) and assuming that JW's contacts are not affected or dissuaded by Covid-19 and still able to support us with Debt/Equity Finance enabling us to proceed at last to FID then the current doldrums will abate ..otherwise the storm will return with a vengeance.
More news soon about the cheque from Brussels, the result of D.D. at Barrow (and an extension of exclusivity if required and applicable) and finally some evidence of decent and significant contracts in the pipeline for H&W will all help to ride the storm if I.M. hits rocks --Most unlikely IMHO !! I fear though that we all have quite some further waiting to do, so get the 2000 piece jigsaws out --I have !!
Cenkos has been appointed as new Nomad and sole broker. This is fantastic news. To have one of the biggest brokers on AIM as our sole broker especially in these circumstances is brilliant news. Their reach into institutions is excellent and their appointment bodes very well for the company.
Well done JW to pull this off.
Brilliant find Speedy_Gonzalez well done.Fingers crossed for the future.
Nice article summarising our current predicament. Let's hope THIS time we all get a result!
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/033020-uks-infrastrata-eyes-fid-on-n-irish-gas-storage-project-by-end-h1
3p Might be millions of shares at current dilution rates....come on ML and Euro funds...!
Are you refering to the 15 shares trade. :)
............have been out trading this morning ..They must be worried ?!!
Hopefully the money to cover bill for the repair was left at the gate before it was opened ..looking forward to much bigger "fish " soon !
The Isle of Inishmore has now left H&W dock for the high seas job now done only Cemi remains in dock.No signs of other ships yet.
https://www.vesselfinder.com/?imo=9142605
Actually read your comment wrong anyways I for some reason saw issue instead of concern so my bad, I can admit when I'm wrong :}
It hasn't really been an issue it's just been the main thing the protestors have jumped on whether it has any merit or not is anyone's guess.
Even with no brine discharge at all they would still be going through this exact same process so to say its been the main issue in getting the marine license is just completely wrong
Todays update on the marine license seems to me to be very positive as detailed below:
InfraStrata plc
("InfraStrata" or the "Company")
Marine License - Completion of Consultation Period
InfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects and physical asset life-cycle management, is pleased to provide an update on its application for a Marine Licence related to the Islandmagee Gas Storage Project (the "Project").
The Project's consultation phase closed on 27 March 2020 at 17.00hrs as planned. This follows the Company's recent announcements in relation to its Marine Licence application.
The Company expects to receive a request for clarifications from the Department of Agriculture, Environment and Rural Affairs ("DAERA") shortly, now that the public consultation process has closed. The Company is prepared to respond promptly to any clarification requests made by DAERA. Thereafter, the Company expects that a recommendation will be made by DAERA to Edwin Poots MLA, Minister of Agriculture, Environment, and Rural Affairs in relation to granting of the Marine Licence.
With the information currently available, the Company expects that this will meet its previously advised timeframe of committing to a Financial Investment Decision for the Project by the end of H1 2020. The Company understands that DAERA is still fully functioning at this time, whilst observing the Government's COVID-19 advice.
John Wood, CEO of InfraStrata, said:
"We are committed to protecting our environment and delivering a project that leaves a long-standing legacy of a secure energy supply for Northern Ireland. On award of the Marine Licence the Project will be construction-ready, thus enabling it to provide an immediate boost to the Northern Irish economy in a post COVID-19 environment once the Final Investment Decision is implemented.
"We have undertaken vast numbers of workstreams in relation to pre-baselining environmental work. We have set out very clearly, with rigorous independent third-party verification, that our project will comply and, in most places, exceed all aspects of the existing legislation. The 24/7 brine discharge monitoring system is very advanced and will immediately report any breaches of the license directly into DAERA."
Detailed below is a few photo's of Harland & Wolff's facilities showing both docks.
http://www.harland-wolff.com/Facilities-(2)/Facilities-Images.aspx
Careful what you wish for, whatamess...
Have we had any news regarding the workforce carrying on during the lockdown. I know it's a huge site so keeping a safe distance from fellow works could be a benefit. Looked through various news feeds and such. One thing that popped up that was kind of funny and links the two was a quote in a paper. It linked the Chinese Gov and their approach to the virus and Harland and Wolf and the Titanic, saying, "it was fine when it left us".
Thanks for the link Chris, lost an hour last night playing with that. Loved that you could also track search and rescue helli's.
You could see Inishmore and the cemi in the same dock, like in the pic posted.
Couldn't find my kyak though. :)