Member Info for Si_Derman

I don't know why you are worried, "JW said", he was confident a robust 2023. And don't forget all that lovely deferred revenue from 2022. Nothing to worry about.

"Directors believe that trading remains on track to achieve FY23 Group revenues of £100 million, subject to various design completions and procurement permissions with revenues from the FSS and M55 contracts expected to increase significantly in the second half."

That was due to unexpectedly finding some kind of hazadous materials in the construction of the vessel. The removal of which had obviously not been factored into the original refurb contract so was an additional expense an subsequently paid for by the MoD. That was my take on it at the time.

JakNife on ADVFN has an offer to all H&W shareholders in attendance.

He's so confident of his short position and that we are all going to visit Helena Handbasket, whoever she is, that he's got an open invitation of, "Free pints from about 6:30pm onwards in the bar...", as a consolation.

Yes Chris. I have download and read the pdf after I saw your 14:48 post with links to same thanks. Think it was Stokey that was still after links.

Prepared to be corrected. :)

DoB of the guy in Chris's first link was February 1961 which would tie in with the other company and K's link saying he was in his early 20s in 1980. But besides all that I can't find/couldn't see any links to the SSC..Other than the words, Isles of Scilly and Company. Unless he's a shareholder. Quite a few others with the same name.

If the SSC is worth £23m and H&W's mcap is £25m should we be worried about a reverse takeover. ;)

As an FYI

Disclosure Guidance and Transparency Rules sourcebook

Chapter 5

Vote Holder and Issuer Notification Rules

"A person must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct orindirect holding of financial instruments falling within n DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:

(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within n DTR 5.3.1 R; or

(2) reaches, exceeds or falls below an applicable threshold in (1) as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the issuer in accordance with n DTR 5.6.1 Rand n DTR 5.6.1A R;"

Not sure if advisers/Nomads are classed any diferent, tbh. I did do a quick search through the handbook to check but nothing came up. As was mentioned the other day, it will be interesting to see what, if anything, is thrown up during this offer period.

Familiar with the transparencey rules as regards percentages breaks for notification, Stokey.

Will look back for this link but 1% of issue would be c1.73m shares not the 105,609 in this morning RNS.

"Expecting a few more TR-1's..."

Difficult to not sound critical, or indeed pedantic, but these RNS's are not what I would call TR-1's. In so much that TR-1's are a notification of a major shareholding. These are dealing disclosures that are being issued due to the fact that we have made an offer for the SSC. Because Cavendish are connected with H&W they must make their dealings public during this offer period. I would imagine, but obviously don't know for certain, that they are dealing in a similar manner on a daily basis. But, due to the offer period, they now have to disclose those deals.

Just my take on it, fwiw. :)

Further. I did expect some sort of TVR from the company so that any that might be over the discloseable percentage to be a significant holder would have issue a TR-1. So I did anticipate at least one TR-1 from Killik. As from their last notification, back in early Feburary, had them still holding 5.5%. If they changed that position they have not announced it. I thought it may have also forced the hand of any that may have accumilated recently but, either for reasons of not being done yet or not over 3%, had not relaesed a TR-1.

Is it normal for a companies house broker and nominated adviser to short the very company it's there to serve?

Or the harbour site has simply just changed the date of it's arrival. Has it seems to do, constantly.

Keep it simple and assume nothing, would be my take on it.

:)

Stokey, yes indeed. But, fwiw, I know what Scaffman said and what the Epsilon is. I was leaving it for him to correct me to as to if that was corect or not. But thanks for checking. ;)

From briefly studing quantum theory, way, way back. I recall that things can appear to change just from the very nature of watching them. Well, that date for it's arrival has now changed to tomorrow since I looked earlier.

Explain that. :)

And , fwiw, the Venture has left and is showing as "towing astern". So that's the latest barge on it's way to Tilbury.

Over to Methil for the next one please. :)

Not sure if this is the vessel that Scaffman was alluding to but the Epsilon RoRO is due in today on the SRQ.

https://www.marinetraffic.com/en/photos/of/ships/shipid:280923/shipname:EPSILON?order=date_uploaded

Sorry, forgot chart to go with it comment earlier

https://invst.ly/12fjhv

Fwiw, just a few musings. Take it or leave it, no advice intended.

A few weeks ago when it peaked out, I suggested that," it will retrace back to a level where it is deemed to be oversold... ...Or a bit of fluffy news tickles some fancies." Others sugested it may go back into the high elevens. News wise, there was an update regarding the IM JR and a statement regarding the "proposed" offer for the IoSSSC. TBH, they didn't do a lot, at the time. And so, after a nice rise today, how have things have played out? Chart wise.

Well, looking back, obviously in hindsight, as that's all TA is, yes? :) The SP did indeed retrace allowing an overbought RSI to cool off and so putting it in a lot better place for what may turn into another leg up, maybe. We'll see.

This latest near term dip has created a low that was higher than the previous one in mid October. Thus creating a rising trend of lows from mid summer when the low then was scraping along the lower side of the long term down trend.

In conjunction with the high points in early September and the more recent one in the first part of November that had themselves bounced off the high side of that same down trend channel, there appears to be an ever decreasing wedge forming. The, "twanged ruler on the edge of the desk" formation, as I call it. It's probably got a more technical name or even a more suited onomatopoeic word for that noise. I used to love the noise it made as you slid it away from the edge of the desk. :)

Anyway, there looks to be a pinch point looming where something has to change. It might. Maybe.

It's either going to:-

1. Bust through the top trend line into an exciting new year with fortune and good times for all. Due to the finance deal being finally sorted and on favourable terms.

2. Hit the top and bottom of those trends in ever derceasing jerky movements until it disapears up it's own bollinger and flatlines into administration. Due to being insolvent and no cash to pay existing debts. (ADVFN version.)

3. Bounce off it yet again and slowly decline into a pit of gloom and despair while we tread water waiting for something to actually happen.

Well, that's what's on my chart. Good luck. :)

(other charts are available)

There was a fourth option where I just make a new chart later. One on which I change every to fit with what actually happens and just pass it off as TA. But that one would be just to annoy Xenor though. :)

But he's on holiday, so shhhh!

;)

Liked that, halfpenny. Very good. :)

It looked as if it was done and had finished the day just very slightly under the 200ma but then the UT at 14p took it over.

I must admit, I didn't think being up just by 10% was going to initiate a PME. fwiw

Usually happens when there is large volume traded over a short period.

Thanks at least for trying and keeping us posted, BT.

Interesting recruitment. Not just in the area of comunications but it would seem has interests in future technologies.

https://www.ukshipregister.co.uk/news/maritime-uk-week-mca-led-webinar-meet-our-presenters/

Can't read the lastest update, but thanks for the share, K.

Thought Cavendish was just the new name for their nomad when Cenkos merged with Fincrap.