Si, You hit the nail on the head, “ but, you never know”!!! We’re still here looking for tomorrow’s sweet treat. For me the tide is changing, the recent fall in the indices has spawned a few tempters. It will be hard to take the hit but I no longer believe that even good news will shift this price, neither do I believe that any is coming. I’ve been wondering if the problem with the accounts is that income from Saipem is included that hasn’t arrived. Only the intrigue of the Kave factor has clouded my current sell mentality.
I’m looking for some positives. Can anyone suggest a couple? At the moment I can only think of negs, like duplicated linked in messages, trouble with hmrc, Trouble with unions, trouble with payments to sub bikes, postponement of already postponed year end accounts. No director buys, etc. the only plus I can think of is Kave
It could also be that Kave has an open order at 12.5 or so to buy up unwanted (sob, sob) holdings. He may be aiming at being Mr. 10% and looking for a seat on the board. I would strongly support any such appointment:))
Richard, if that’s a real question, the MMs must have had trouble in placing the trade given the size. To attract buyers they will doubtless have to have offered them at an attractive price. Had the trade been broken up by the seller he may have obtained the 13p for the first tranche or two before the price dropped as in normal trading.
RE: Yesterday's Scottish Select Committee14 Jun 2022 09:06
Agree with the sentiment. If the track record for British yards was up to scratch the work would probably be pouring in and Belfast, Appledore and Scotland wouldn’t have gone bump. I think the people complaining may be contributors to the downfall. We deserve a new chance imo and need to grasp it with both hands with everyone playing their part.
The project will take note of lessons learned from other vessel delivery projects, including in particular the new Islay ferries project, of the 2017 Audit Scotland report into Scottish ferry services, and of the recently published report of the Scottish Parliament’s Rural Economy and Connectivity Committee inquiry into the procurement and construction of ferries in Scotland.
“A first independent assurance review of the project has been undertaken.
“Formal gateway reviews will be undertaken at key milestones during the course of the project.”
Cmal said the chosen design consultancy will assist with the in-depth evaluation, feasibility studies and concept design of a vehicle and passenger ferry.
This includes developing general arrangement drawings and associated specifications that would allow shipyards to tender for the detailed design and build of the vessel.
The eight month long design consultancy is due to begin in July.
At a future stage, ship yards will be invited to bid to build the vessel on a fixed price basis - this aims to eliminate design, construction and operating risks for Cmal or the vessels’ charterers.
The ferry designer is required to have proven experience and demonstrate understanding of the design and operational considerations of hybrid systems, all electric systems and fuel types.
Cmal said: “The Mallaig-Lochboisdale new vessel project will look to replace the existing vessel MV Lord of the Isles, aiming to increase the resilience and reliability of the service whilst reducing emissions.
“In line with Scottish Government climate change commitments, the project will aim to deliver a lower emissions vessel utilising the latest proven technologies.
“Feasibility studies will be undertaken to understand the ability to install the necessary power and equipment to accommodate energy storage systems and shore power and the cost of these upgrades.
“The project will take note of lessons learned from other vessel delivery projects, including in particular the new Islay ferries project, of the 2017 Audit Scotland report into Scottish ferry services, and of the recently published report of the .
Plans for a new ferry to serve South Uist has taken a step forward with the search for a concept design of the vessel.
Scottish Government vessel-owning agency , Caledonian Maritime Assets Ltd (Cmal) is due to assess a list of potential naval architects.
The new vessel will replace MV Lord of the Isles on the Lochboisdale - Mallaig run.
She will also be designed to cover a number of routes on the west coast ferry network.
However, the new ferry may not be any longer in length than the Lord of the Isles nor carry any greater number of cars due to the navigational limitations of Mallaig harbour. Vessel length for the service is restricted due to the narrow entrance channel and tight turning room within the port.
Detailed studies will be carried out for the new ferry at Mallaig said Cmal.
Outline plans are in place to improve Mallaig harbour but these are expected to take at least ten years to deliver while a replacement for the MV Lord of the Isles is needed in the near term. More to come
Cheers guys, if it was less than the Quorn then the price looks OK!! I guess there would have to be some consideration, whether deferred or not. If it is deferred then there would need to be an arrangement to allow them to undertake the refurb befrore owning the vessel outright.