Member Info for Si_Derman

Fwiw, I don't like to talk my book, as they say, but decided to average up a bit and just grabbed 10k @ 11.63 so what is being shown as sells at 11.64 may also be buys.

The Islandmagee "which" trials were two criminal trials in Carrickfergus in 1711 for the alleged frequent misuse of the word "which" on Islandmagee. It is believed to have been the last which trial to take place in Ireland.

Until now.... :)

I guess Titanic 2 was off the list of choices aswell. :)

You should know by now, Stokey. I am always right. And if I'm not, then I was probaly just mistaken. ;)

Think you can add £25m to your list, coming in from prelim FFS work. That was according to an RNS.

It's worse than that, it's dead Jim!

Don't be fooled by the low number of trades. We have had it on good authority that momentum is building and unbeknownst to us mere mortals that use normal means of watching trading activity, there are probably some chunky trades going through as we watch, but hidden away in the background.

Beware them dark pools.

And stay off the moor!

With hindsight we can say that the contract was doomed to fail due to the issue that unfolded. Not the yards fault, as I understand it. The outcome would have been the same regardless of who owned it.

I think some of these big players are only making token gestures with regards to the local content. Yeah, sure you can have the contract to paint it. You just have to wait until get it built elswhere and have it installed by someone else.

Maybe have a look around the time of said MoU with Navantia. Where they trying to be seen a favourable light as there was some big government contract in the balance? Both Navantia and Windar have had contracts around these shores since that MoU. So, I'm not sure if it was ever anything more than just a stunt to curry favor with them up top.

IMHO, of course. :)

I was always of the opinion that the only reason JW made the aquistion of the Methil yard was chasing that NNG Saipem contract that had been earmarked for BiFab, before they went into administration. The size of the contract was obviously worth a punt at £850k for the two yards. Unfortunately, due issues, mainly with Saipem I think, It didn't work out. Bet they thought that some other contracts would have turned up whilst working their way through that one.

Interesting reading the back story and see the support that both governments made available and how that panned out over the period of a few years. It seems that BiFab failed due to an unwillingness of the parent company to provide, "working capital, investment or guarantees for the company."

From 2017

https://www.gov.scot/publications/burntisland-fabrications-ministers-statement/

and 2020

https://www.gov.scot/news/bifab-working-group/

It's like getting a mortgage. Always takes way longer than expected. Even when you thinks it is a straightforward purchase, with no chain, mortgaes okayed on both sides, etc.

Or, maybe they are busy answering all the emails asking them the same questions.

Or hydrogen. :)

Definitely not the Starship Enterprise as it's currently elsewhere, on a five year mission. Not sure about bringing it by air, but I will certainly look into it and let you know. :)

Oops, saw that but thought was that was something from another councilor so didn't post it. I was looking, but couldn't see anything from todays full council from Robert Francis.

There is a petition though.

https://www.change.org/p/campaigning-for-an-affordable-transport-sea-service-to-the-isles-of-scilly?source_location=search

Okay, and... ?

IM was shovel ready and first gas was to be 2022.

Things change. imo :)

In the LoI RNS it said it would be in the dry dock for a period of five months. With a value of £60m-£70m, depending on agreed work, with £5m up front for prelim work. I remember posting sometime back at the end of last summer that information from Cenovus said that the Searose may be "off platform" until September.

In the contract RNS it narrowed the contract value down to, "approximately £61m", and that it would be in the Building Dock for a period of more than three months.

Well, more than three is still five. And I should have read that bit about the building dock and saved myself some time second guessing about the draught of vessels. Fun as it was. lol

It goes on to say, "A number of pre-arrival works have already commenced, including inspections, procurement of steel, fabrication of customised blocks and other dry dock operations. The Company is to commence certain fabrication works in FY 2023 so that it is fully prepared to commence refurbishment and upgrade works as soon as the vessel arrives next year. Upon completion of pre-arrival workstreams, the Company is expected to generate revenues of approximately £10 million in FY 2023, with the outstanding balance expected to be received in FY 2024."

So, the prelim money seems to have doubled to £10m. But it's not clear if that extra is out of the £61m or additional.

And as usual, without clear guidance, that would depend on what you want it to mean. :)

Not going to get over too over exicted just yet as I don't really beleive it is actually H&W exclusive, imo.

It could just be a UKEF roadshow that just happends to be in Belfast engaging with local companies. At least one those mentioned, Elizabeth McCrory, the Senior Export Finance Manager at UKEF, is located in the Belfast Area. And what would you visit if in Belfast, if not something "iconic"? Like the Titanic distillers. :)

Show me a link to Artemis, electric vessels or a god forbid a done deal and I might change my mind.

Fair enough. Ain't got time for reading that boring stuff. I'm just looking at the purty pictures. :)

As an aside. Depending on which of the two scenarios you beleive regarding the "new" (or, if accentuating the negative) very old, fast cat. ;) Ones has the Aremiti 5 still in Papeete, Tahiti. Where the other has the Heavy Lift Vessel on its way to Mexico having left Brisbane.

" is normally the period when HARL makes the most income."

Is this evindence based or just anecdotal based on what JW said it was? :)

Just to make the obvious correction to my last post. The reason the position never "normally" changed was that it was physically tethered to the ocean floor, sucking up oil and dispensing it to tankers. Not like normal vessels, constantly moving about. Even if it did always say it was "underway".

Thought I'ld better clarify. :)

Well, it's finally nice to know it's on it's way. It's been a daily morning routine of mine to check ever since the contract was announced. Marine Traffic is now also showing a destination of Belfast. ETA: 07-02-2024 20:24 local time.

Thought the reason the position never changed was it was out of range from the nearrest coastal AIS tracking site.

Guess that will change as it draws closer to Ireland.

So, two weeks and The Yard is going to look well busy, with two monsters filling the docks.