Member Info for Si_Derman

For clarity, I didn't then and still don't, really care that much about these charge documents anymore, tbqh. :) I was just providing a bit of info and background to BT. Who, in the end , just seemed to me, to be feinging concern anyway. So whatever.

But yes, you are right, he didn't state which one. But it didn't take very long to look at the obvious ones until one with a filling on the 18th December became apparent. So that was the one I went with. I looked at the one you mentioned and on finding nothing went to the next.

In other news.

Did you know that there is also a Harland and Wolff (Australia) registered with the Australian version of companies house.

https://opengovau.com/company/641964909#page

After a bit of digging found it was linked to an address just up the road from Austal in Perth. The business registration date was June 23, 2020. What were they planning between themselves way back then to warrant such a move. Hmm?

Talking about the one with fillings on the list provided earlier. The one with a filling on 18 December as mention by H9 in the original post. I think the Belfast one. There are so many.

Oh, sorry. I thought you were actually concerned about then being outstanding. Just explaining that it just seems to be the norm and that they get changed on occasion. My point about any mortgage, not whether you have one or not, is that the bank has first charge over the property.

Bt, they are hardly hidden from public observation or examination. Depends if you are the kind of person hanging around the companies house website on a regular basis to pick up on little snippets like this. TBH, they are very boring, wordy documents with small changes from their previous versions. Been there before, fwiw, so knock yourself out if you want to scrutinise them to find anything new and exciting. I'm sure if you looked at most mortgage details you would find a similar charge over a property. With the bank providing the loan getting first dibs should you default on your payments. Most of content within these documents seem to be only if there is a similar default. That was my interpretation of them at least.

Full list:-

19 Dec 2023 Registration of charge NI6648600009, created on 18 December 2023

12 Jul 2023 Registration of charge NI6648600008, created on 11 July 2023

13 Mar 2023 Registration of charge NI6648600007, created on 9 March 2023

17 Jan 2023 Registration of charge NI6648600006, created on 13 January 2023

25 Mar 2022 Satisfaction of charge NI6648600002 in full

24 Mar 2022 Satisfaction of charge NI6648600003 in full

21 Mar 2022 Registration of charge NI6648600005, created on 9 March 2022

15 Mar 2022 Registration of charge NI6648600004, created on 9 March 2022

04 Feb 2022 Satisfaction of charge NI6648600001 in full

13 Feb 2020 Registration of charge NI6648600003, created on 7 February 2020

12 Feb 2020 Registration of charge NI6648600002, created on 7 February 2020

11 Dec 2019 Registration of charge NI6648600001, created on 5 December 2019

Looks like 4 through to 9 have yet to be satisfied. Think I might sell up until they are sorted. ;)

I t has been discussed before several times. It seems to get an update every so often and is one of the longer standing charges they have had over the accounts. The changes are usually to do with changes in company assets.

As long as we don't go off at a tangent, hey. ;)

That's just me being a thicko or maybe it's early onset old duffery. Joking aside, it's something that I've actually noticed of late when I have to look up really simple spellings. Maybe it's a sine. ;)

That and I was looking at PIR senors earlier on a certain online retail website that sell more than just screws and fixings.

For those that don't know, sentament, is the Scillonian spelling of sentiment.

;)

Yeah, okay Mr sensor bot.

Wubble you wubble you wubble you dot facebook dot com forward slash groups forward slash 263689902649206/

Bet they have that blocked out as well. If so you are on your own. :)

i read that fb page quite often as it can be very informative, for fb, and gives a good idea of sentament. one of the councillors posts on there regularly. as do possible former and current employees of the ssc. so there are obvious differences of opinion. some going back years i would imagine being such a small community.

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

Stokey, it's "only" 173m because of a 100 to 1 consolidation. Otherwise it would be 17.3 BILLION.

Don't sound as good when factoring in that little bit of history. And, yes, it's all relative to when you bought in.....

Just sayin'

Thanks for the explanation, Lottie. Looked up "covered bear position" and got a hit on Investopedia for a bit more detail.

Have to admit, it is not always a good move looking up any kind of "positions" on the internet. Didn't want to links to pics of a reverse stockbrocker or some such. Did get some yoga suggestions though. ;)

Assume you mean "held by" and not "help by" brokers. If so then yes, I agree. But I just thought held for others. As in nominee accounts. Mine with Barclays for instance, yours I beleive you said with IG. And in thecase of Killik, for HNW individuals. Are you saying they may be being held, which I thought meant the same as being owned by, the brokers in of themselves. Sorry, but I'm not sure I understand the difference. If they are owned by an entity then they're not available unless sold on. Same as the ones I hold. Obviously, not my field of expertise. Unlike youself. So keep the explanation easy enough for the lay person, hey. :)

I was updating the old spreadsheet and doing a re-calc of ownership and didn't recall seeing this on the page previously.

"Insofar as the Company is aware, the following significant shareholders hold more than 3% of the Company’s issued share capital as at 29 December 2023. Killik & Co 5.23%, Sankofa Strategic Equity Fund Ltd 3.32%, IG Group 3.09%"

Could have been there before and didn't notice it. But anyway, the outcome of the exercise was that, as far as my calculations show, the total percentage of shares held has increased a fair bit since this time last year. This includes the small amount held collectively by the BoD, people close them and others like the Tweeds over on IM. I know from a previous exercise that members of this board and a few on ADVFN ammassed around 10% Including, at the time, a few that were or had recently been TR1's. Like a lot of us, their percentage holdings couldn't keep pace with the ever present dillution. Obviously that exercise back then was reliant on peoples honesty and not everyone was comfortable in sharing such personal details. Not doing it again, fwiw. It's differen't times and a different board to back then.

Sooo, this time last year it was around 52% and it is now just below 82%. And going by the accounts that hold these percentages that is pretty much all PI's of one form or another. No insti's. So around 18% in free float ready to be fought over on any decent news flash. GL.

Another drop below 10p would be nice before a rise please. Snaffle, snafffle.... ;)

Yeah, i posted those Aremiti sale details here a short time ago. Wouldn't like to second guess their intentions as regards buying outright against leasing. Or the supposedly imminent funding, for that matter. I just think that it is going to start to look bad on the company if they don't get something up and running when they said that they would. As shareholders we have to get used to such thing as things getting strung out and targets being repeatedly moved. Not sure the paying public planning their holiday trips will be so accommidating, tbh.

Right a bit, down a bit more. FIRE.

Snaffle, snaffle, snaffle @ 10.70p :)

That'll do me, ta very muchly.

Indeed she is, LSE. Loaded up with cheep fuel no doubt. :) Was only about an hour ago, but you can watch the "past track" on Marine Traffic. If anyone has the inclination. Not sure if they did the same last time, but they span her around 180° and reversed her onto the SRQ.

As an aside, and sorry for the off topic, LSE. But the start of another week, with half of February already gone and the Aremiti is still in Papeete. With no signs yet of begining her journey to Belfast. What's the deal there then?

Saw that that other day shortly after it was mentioned, and confirmed from the company by K, that they are going there to re-fuel. Still unsure why they are doing so in the middle of a refit. I wondered if when it returns in a few days if it would go back onto the SRQ or go into the BDD. But it seems, according to the harbour site that it will again be moored up on the SRQ. Wonder how far up the River Boyne it wil travel? They might have a "battle" getting all the way up. ;)

"... we invest at this early stage because the higher risks should lead to higher rewards."

LOL, that was the plan over ten years ago, Xenor. Shall we just say that it it didn't quite go to plan.

The constant, and repeated, dillution always outpaced any gains. Over and over and over again.

First 13.68p 20/01/2012. Latest 10.81p 07/02/2024. Dillution 5000% minimum.

It's only when I stopped believing the whole story being told and having finally reached breakeven after the FSS spike last year that I finaqlly took a decent profit when It was there to take. Didn't know it at the time and it was hard to do it, but it turned out it was right to do so. So have been on a free carry ever since, with varing amounts, but will never go past the point where I go into my own money and not just that profit. Looks like I could end up owning more than I did back then, but at no real cost. Which is nice. :)

There is one thing that will move this and keep it there and it's very simple really, just show a profit. Investors of all sizes like that kind of thing. Just a small one is enough to show that overall plan is working and that they are heading in the right direction. Get that done, and gradually build on it. Hopefully one day they will succeed in accomplishing an excess and start to pay divis. Or at the very least, the share price is higher than your average. With the proviso that they don't just keep expanding sideways into other areas and taking on more new types of business's. hat way could just keep pushing the idea of a profit further and further down the road.

So how much they actually "believe" what their advertised target revenues "might" be on any given year in the future is one thing, but it's just an educated guess. Same goes for the "expeceted cashflow breakeven" date. How many times has that moved?

No, you either believe the speil and get in early and wait, and wait..... ...get bored, ... disillusioned, ... sell out at a loss, ... get back in again, cheaper or at a higher price, or even make a profit and sell out. Or just watch. Maybe even rinse, repeat in a combination of any of the above, in any given order. Multiple times.

OR, you try and time it to get in nearer the time of actual evidence that the company is making it work and pay a lot more. The way things have gone It might even be at the same price or less, after all that shuffling .

As long as you come out on top in the end is all that matters. As then everything that went before, will all be forgotten.

IMHO ;)