Member Info for Kaeren

That reads like you're binning Harchris !

Saw that Lse03 and saw who liked it, maybe, ..... :)

LinkedIn

https://www.linkedin.com/posts/isles-of-scilly-steamship-company-limited_scillonian-iii-may-be-out-of-service-for-activity-7142181991126376450-05AE?utm_source=share&utm_medium=member_android

Cheers Si.

Linking today , the Scillonian is laid up for winter, but the crew will be busy getting her ready for next March ;) Breakpoint ? :)

25 FSS

20 -30 M55

Excess 10 mill, 20/2/23

8.5 Cory

1.5 USD

9.6 Cory

61 Searose

I doubt JW knew he could get 10MM upfront, but bet he knew he needed it.

I don't think Scilly in the 145, but who knows anything for sure. Very difficult to ascertain what HY 2023 contains. Can't be FSS 25MM , either a smaller pyt or a 10 / 15mm M55 pyt , however as the Lithuanian ambassador visited in the summer I suspect not and the milestone pyt was after that.

I wonder how many Bab staff will be based in Ukraine and how many will have to travel for onsite repairs, perhaps not something many staff envisisaged being asked of them. I appreciate those who have served, may think it is run of the mill , however I daresay there will be some who won't be too enthralled by the prospect.

I would imagine that it will be on a volunteer basis and must have been researched by Bab prior to bidding.

Oh lol. I don't read messages by threadview , I read newest first, that was a suprise !

I was searching for a role that I saw advertised on LinkedIn, duration 8 months that mentioned FPSO experience in the job spec, but now cannot locate. Did come across this though. What is it ? Is it old , says two days ago posted. The chap who comments:) says he works for Windar in India, is it an old photo the company are using to promote their product?

https://www.linkedin.com/posts/davipromau_harlandandwolff-rollingexcellence-davi-activity-7140596260566110208-cvF6?utm_source=share&utm_medium=member_android

Si over the last couple of weeks I've seen several H&W Belfast roles advertised that are for a duration of 8 months. I wouldn't be suprised to hear scope increased , nothing to validate though , so speculation. 🤷

Broomtree I think Stokey12 has the right idea here , I expect some to be very suprised when they see the final package and those who claim H&W will never get UKEF backing to be even more so. I've read the UKEF inf so many times. It is not a case of you have one project with x therefore that's all we will guarentee..

Multiple ways to apply and not limited to one only.

Scilly..

I don't see the choice as binary, we offer or we walk. Huge grey area , dare they sign when they know not commercially viable if we proceed with our plans. Time will tell , the recent letters published are an indication of the level of dissatisfaction.

I think we are in a very different position to six months ago.

Regarding LR I certainly think he is out to prove his worth and is no shrinking violet. Everything I read about Ranger is ultra positive including new PacBio compatability announced Nov 23. I have high hopes for the growth trajectory of YGEN products.

Novacyt too appear to have been actively seeking out new distributors , SLS announced in August , the biggest UK supplier of lab equipment , Check diagnostics are very proactive and great ro see Katalyst promoting Novacyt and advertising Winterplex, alongside other products.

They have definitely been pushing non covid products and appear to be targeting Vetinary as one of their financial streams.

Ygen established the first Nipt workflow in Morocco at the Centre de Biologie Riad.

In the interim warnings from CDC today and Whitty posting

https://twitter.com/CMO_England/status/1735580399999295503?t=FzXAUE100up0v3tLVVopgg&s=19

I am feeling positive compared to a year ago. Time will tell. Certainly the potential now and hopefully negotiations early 2024 to avoid court. I think we can all agree that it is highly unlikely that those involved in the recent ' covid enquiry ' debacle, will want to take the stand. I'm pretty sure GM and co will not have mislaid their whattsapp messages !!

Good weekend all.

*nor will I....

I don't know Stokey12 , I didn't suggest it , I don't have a business case as it isn't something I've ever contemplated. As I'm not JW and am unaware of what he has in his immediate line of vision re pipeline, not will I ever be able to provide a business case .

We've seen a couple of comments over the last few weeks which mention the River Clyde.

See below comment re Inchgreen .

https://www.linkedin.com/posts/harlandwolffplc_cruiseandferry-commercial-defence-activity-7141024519384662016-AI0p?utm_source=share&utm_medium=member_android

Hi, Scaffman, my view on 'rates'

Of course in relation to the finance deal rates are important , but not in the way many perceive.

Imo JW/Arun have been flat out negotiating the max amt that can be guarenteed by UKEF , that is what I believe has caused delays. I have said on here before that I believe they went for X amt and then as new contracts/ potential contracts arose, they then increased this substantially.

Now this is very important because as we know UKEF provides a guarentee to the lender.

The lenders are a consortium of banks. The banks will base their rate rate on LIBOR + a margin ( margin will be lower then what we could have achieved without UKEF backing )

As the interest charged will be dependent on Libor ( prob set six monthly in advance) there is absolutely no need to delay 'waiting for rates to come down '

Great when they do , we pay less !

Too simplify think of a tracker mortgage and swap out base rate for LIBOR.

Spot on Stokey. You have to be some sort of buffoon to announce to the market 1000 staff, with the level of debt they carry ( and it will increase, before it decreases) without knowing the finance deal is incoming.

Come on JW share some news this side of Christmas if you can !

Absolutely not Lse03, what an abhorrent idea.

OK thx.

LR & JM/ SG could be just the right combination until after the court case. He's hungry/ pushy and determined to forge ahead . JM will control anything he considers reckless , it just won't happen, that is why he is there.... to babysit the purse strings. IMO

Hi Si , if directed at me, I think great because imo there was uncertainty about the longevity of the company because of financial issues. Talk of up for sale, blah blah. For the MOU to be of any use, Austal needs to be in a position to execute any potential contract/ joint tender.