Member Info for Si_Derman

Yes, LSE, formerly the Offshore Endevour. But you are missing the Samson as well.

Did a bit of digging, LSE. According to "sources" the initial dredger is certainly there to clear the way for the nearly completed HMS Quorn. But, looks like someone may have been shopping again...

Details of new arrival:-

https://www.inverlussa.com/naomi-jennifer

Follow on to their FB page. Link won't work so not going to bother, but....

"A change of scenery for two of our crew today as they delivered Naomi Jennifer to her new owners in the South West of England 😭

Naomi is only the 2nd vessel that Inverlussa has ever sold so its not been easy, however the sale will be reinvested in upgrading our modern and advanced fleet.

"The NJ" has been an absolute workhorse for Inverlussa over the last 10 years 💪 and we hope she enjoys her next chapter on the South Coast of England 😎 🫡"

Anyone keeping score on who's winning the vessel count with the Steamship Company? ;)

Updated my Killik holdings chart, fwiw. Added some arbitrary horizontal lines to give an idea of what the prices were when they TR-1ed their change in position. Still not sure who is to blame for the missing millions. My guess would be admin at H&W as they have always been pretty trady in updating/reporting changes to Sigho's. IMHO :)

Anyway, just sharing for info purposes.

https://invst.ly/152nn9

I would have thought that HNW individuals react to news stories the same as everyone else. Killik are just acting on their behalf to that sentiment. If any of our brokers held back on instructions to trade from a multitude of clients and only did so in big lumps, i would imagine it would look somewhat similar. Because of the perception of Killik being one entity it looks a lot worse. If history is anything to go by, them selling would indicate a big rise coming. :)

Sorry, you posted while i was head down typing. Yes, it was. "The M55 Contract is expected to commence in August and be completed within 18-24 months". Not sure if the difficultly in getting some of the OEM parts back a while ago has delayed that and they need the full 24 months or if they have caoght up on the original schedule. Also I kind of recall Tom Hart mentioning that they did get going on it until Feb. Will ask about if I'm over that way as to the purpose and timing of the dredger.

What I was alluding to, if it wasn't clear. It's been a while since something large enough to matter has used the entrance channel for the drydock. Is the barge there to dredge the silt away in preparation for a vessel needing to get out?

Soz, pressed the wrong button before finnishing. Will see the Doc. if it persists.

As i was saying. It's now showing that their holding after the sell is 4964279.

9,614,682 minus 4964279 equals 4,650,403. The sell was 2,001,076. Where has the other 2,649,327 gone?

Something not adding up here, imo. Either there has been a missed reporting or they have not finnished and there is going to be another RNS. Reason for saying that is.... on their last reported holdings RNS 02 February 2023 they reduced from 11969850 to 9614682 taking them to 5.5561% of issue. The H&W SigHo's page wrongly reported that change for the best part of a year. As I've said before, I did mention it just a few times. :) So now this latest RNS isd showing them going from 4.97% to 2.87% or

Ooo, nice spot LSE. Seems it was moored up at the Newquay yard until about 12:30 and is now in the channnel that comes out of the drydock. Could we be seeing something emerge from there in the near futute? A minesweeper, perhaps. Or a cable barge. :) It certainly won't be going in, that's for sure. docks full already.

All for being pragmatic, BT. But maybe it's viewed thay way and possibly goes beyond being just realistic when drawing attention out every single negative when the opportunity arises. Or when they don't, stating the blooming obvious by highlighting them. Been there, done that. Word to the wise, no one cares and not many will listen to the boy that cried Wolff.

Not just Kaeren, fwiw. :)

Me, "I looked at the prices of the trades either side around 12:30pm, sells and buys, and concluded it was a sell. IMO Half expecting some sort of TR-1 RNS or maybe one regarding an exercise of warrants from Riverstone."

Oh look. A TR-1.

Others.. with lots of recs

"That large 2m trade was almost definitely a buy, no way the share price would have finished the day positive on a sell of that volume."

"Just looked on my HSBC invest direct account on HW trades for today. The 2m trade is showing as a buy."

"So the share price is up 5.71% on the back of a 2m sell out of 2.8m volume? Ok whatever."

"I agree, if that was a sell then that would have dropped the share price into the 8s. Surely a worked buy."

"As for the trade... Look at the share price. It doesn't lie. If that was a sell do you think we would have finished the day 5.71% up?"

"I'm not sure at 9p it would be a sell."

As said, sometimers it just is what it is. Ignoring negatives by only accepting positive comments helps nobody.

PS. BT called it also but not sure that counts. Being such a negative Nelly atm. ;)

Not a huge amount but didn't see this on the list. The £800k for new cable barge for KBS Maritime currently being built in Appledore.

"The refinancing was promised in a few weeks."

Err, sorry Wyndrum, but fwiw no it wasn't. As nice as that would be, what the companny actually said in the RNS was , "A further UPDATE will be provided in the next few weeks." JW's personal comment at the end of the statement echoed that there "could be" an update soon but tempered that with the inclusion of the usual caveat , "...I EXPECT to be providing a fuller UPDATE on our refinancing plans in the next few weeks"

So, until we hear something tangible, best intentions and expectations are nothing but eggs unhatched.

:)

That article has been posted before. Couldn't read it then or now as it blurs out on loading. As was discussed previously, the timings were always towards the back end of the year. Cenovus had always said that the Searose may be "off platform" until September and had requested bids for a vessel to tow it back fitting in with those dates. Originally it asked for those tendering to be ready for a pick-up in July, so that fitted in with the originally posted departure of the 4th of July. But that also meant either a slow trip back to station or some hanging around at sea that would allow time for other works to be completed at the White Rose well site before the Searose could be hooked back up. A delay in when it leaves helps those timings, imo. But if it's for extra work, then even better news for H&W. As I said earlier, there does not seem much scheduled in after the current vessels leave both docks. AFAICS.

Loving the comeback from Bethany to someone moaning about the delay to the AW.

NS, "Book a ferry , get a rib ?"

Beth, "NS, book a plane, get the Scillonian ....."

Obviously not. :)

Insert, face book dot com forward slash groups forward slash, instead of the asterisks.

Will be interesting to hear reports of the trip once they have landed as some had expressed concerns about going on such a small vessel. Luckily for those onboard, it seems quite calm down there this morning.

there is a video posted on the ios air and sealinks fb page of the smaller highspeed ferry, renamed the atlantic express leaving hugh town this morning.

sorry, can't post a direct link to the video but this might help.

https://www.********************263689902649206/

There were a few H&W guys spotted in the video. One guy with an angle grinder and two watching. And one of them was just sat down until the camera showed up. lol Anyway, I can imagine that all that supplemental welding work, replacing that floor, would be under their remit. Afterall, you wouldn't take your own mechanic to the garage to get an MOT done. Thought it was a good insight of the processes and controls they have in place. My estimation of them has improved from watching the video, tbh. Maybe H&W PR department could do thier own videos and take away some of the mystery.

Well spotted, Stokey. Nothing of note from Cenovus as to a reason so just have assume it's just resolving newly discovered issues during the planned work. At least we could be getting anothe 6 weeks extra work. £££ :)

Just have to hope that the knock-on effect of an extended stay in the building dock isn't going to be an issue. But then, saying that, there doesn't seem to be a queue forming. Might be a backlog of barges stacked up in the fabrication halls though. ;)

Shortcut

https://www.youtube.com/watch?v=34AZLgVBxDk