Member Info for davethechef

Very recent, positive articles, especially the former, on increased appetite for rig demand{building)
https://www.offshoreenergytoday.com/total-hires-borrs-jack-up-demand-growing-driller-says/
https://splash247.com/this-is-why-the-world-needs-more-harsh-environment-semi-submersible-rigs/

One can only imagine our offshore yard continue to pursue, negotiate the best deal for our high-spec jack-up rig.
Should hear more next month's Interims

Agreed Ismalia; plus the JV of the 23rd August i.e, steel pipe fabrication, which our offshore yard is involved in, should show revenue for the first half of this year too. The continuing rig sale pending situation, is becoming tiresome. But then the minuscule MC we are at, reflects that I guess. Interims due sometime next month, hopefully will reveal positivity on above.

Positive demand for Jack-up rigs on the increase hxxps://www.offshoreenergytoday.com/worlds-largest-jack-up-operator-says-demand-growing/

But WHEN is OUR rig to be sold!?!

You can sell at .6825p. But the buys are .688p so those listed 'sells' are actually buys. Just been quoted these prices a few minutes ago. But a very quiet day

Seems time is ripe if our offshore yard are involved in a LNG project; as has been reported by YZJ for our yard, sometime ago.
https://uk.reuters.com/article/uk-lng-supply-analysis/new-wave-of-mega-lng-projects-is-approaching-idUKKBN1KR156

Interims due sometime next month

Those 10.45p trades are buys ofcourse. Someone/s taken advantage of the fall. A couple more like that & they'll have to take it back up.

Ismalia, plus the JV of 23rd August 2017; revenues for the first 6 months of this year, might come through & be added to the Interims, this September. Reminder of the JV- http://infopub.sgx.com/FileOpen/Announcement_YZCK-Fin.ashx?App=Announcement&FileID=468166 The offshore yard is increasingly busier, one expects. And sometime this year, the rig sale & another project may well surface, finally.

Can buy & sell reasonable amounts now.

A couple of pictures, posted on adfvn, half hour a ago, on their recent mining; looking positive!

Further recent mention of the YZJ's JV with soon-to-be Japanese partner, re LNG; will it be our offshore yard involved?
Taken from below, 'Potential collaboration with Japanese partner is another catalyst. Yangzijiang’s strategy to move up into the LNG/LPG vessel segment propels the longer-term prospects of company. Management shared their vision to collaborate with Japanese partner to expand into the clean energy vessel space in a bigger way.'

hxxps://www.dbs.com.sg/treasures/aics/templatedata/article/recentdevelopment/data/en/DBSV/072018/YZJSGD_SP_07032018.xml

Is this the same Ascent Resources that have just announced a $1.5 Billion JV over Ohio gas fields today? Huge fund raise necessary. Further details due

First mention of I've seen of country of origin i.e Japan(ese) partnering YZJ intention of moving into LNG/LPG vessels. Article from 23 May, excerpt below, As the largest and most cost-efficient private shipbuilder in China, Yangzijiang is well positioned to ride the shipping and shipbuilding recovery. Its strategy to move up into the LNG/LPG vessel segment with a Japanese partner strengthens the longer-term prospects of the company. We have been more bullish on the sector’s recovery and believe Yangzijiang deserves to re-rate, catalysed by order wins and newbuild price increases eventually. The shipping supply growth could outstrip demand growth in 2018-2019. Profitability improvement of shipping companies should drive demand for newbuild vessels and higher newbuild prices. hxxps://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/YZJSGD_SP.xml?sessioncheck=true?sessioncheck=true

Today�s Finals mentions �a pipe manufacturing facility has been added� etc which I believe relates to the JV of last August and hasn�t been included in these figures i.e their 19% interest of revenue(to be shown in our September Interims one suspects) The JV, links below, clearly states this in Financial Effects. hxxp://infopub.sgx.com/FileOpen/Announcement_YZCK-Fin.ashx?App=Announcement&FileID=468166 The Board of Directors (the �Board�) of Yangzijiang Shipbuilding (Holdings) Ltd. (�YZJ� or the �Company�) is pleased to announce that its 79.6%-owned subsidiary, Jiangsu Yangzijiang Offshore Engineering Co., Ltd. (�JYOECO�) has entered into an agreement with strategic partners to establish a joint venture company in Jiangsu Taicang to be mainly involved in steel structure fabrication of steel pipe pile for international seas, port, bridge and offshore projects. c. JYCMECO would leverage on the expertise of joint venture partners to bring an additional source of income for the Company. I d. JYCMECO will be utilising the Company�s existing production capacity and facilities in Jiangsu, Taicang, to generate certain amount of leasing income for the Company. 4. Financial Effects The above investment will not have any significant impact on the earnings per share and net tangible assets per share of the YZJ Group for the current financial year ending 31 December 2017. Save for their respective shareholdings

It is a little disappointing & underwhelming, these results especially the continued delay in selling the rig & MGR. Amed aren�t great communicators! However, I've stated ever since the RNS in December 2016, that I believed they were looking for the best price purchaser, aided by the oil price/offshore rig recovery, rather than the original purchaser, who seemed to be seeking further finance, for ages. It's a huge amount, which appeared beyond the customer seeker further finance, and YZJ don't intend to sell it below what they consider a suitable price for the high spec' rig. Re MGR, their website has not been updated for months now, under Investments. I just wonder whether they are considering selling or reducing their 49% interest, as to date, it doesn't appear to be making a great deal, especially since the loans have been repaid too. Their cash position is robust and substantial for such a small MC, and they have no debt, and substantial tightly held shareholders and contacts. I continue to hold for the rig sale and further projects, possibly LNG related.

Well the Finals ending 31st December 2015 weren't released until 14 June 2016, so I suppose they come out anytime this month!

And of course they still have a robust healthy cash position & are still owed money from another original loan. Also the JV of August(not RNS's) re: their offshore yard, although revenue of work won't show in these Finals, increased activity, may be mentioned in September Interims. Crude well above $70 hopefully will encourage further rig building orders with the high-spec' jack-up rigs back in demand & yard consolidation occurring. Plus our yard may well participate in LNG related project, as I've mentioned previously. We're supported by China's most profitable shipyard(non state owned) The Finals should eloborate progress in greater detail.

An article today suggesting LNG as most viable fuel for Maritime's future, added to my post/link of 25th March Coming to our Offshore yard? hxxps://splash247.com/lng-represents-bridge-pragmatism-shippings-road-decarbonisation/

Indeed. I'm expecting proactive and progressive developments this year coupled with a positive Finals in a few weeks. Hopefully this year finally, will 'live up to expectations' and be very much a spring board for future years.

Indeed, our JV partner YZJ is looking to have an increasingly more positive, brighter future, with increased orders, diversify and continue to grow, and take on challenges, as that first quarter 2018 link suggests, The Finals due in a month or so, will demonstrate similarly progress for AMED and I'm convinced the offshore yard, will be involved in a major development later this year[possibly LNG related]. We should hear in the Finals, news on the rig and MGR Resources continued growth too.

Buys going through on Nex exchange too. From bell, a 70k & 157k. Finally, gaing some kind of recovery; after yesterday's excellent news.