Member Info for Si_Derman

Whenever Killik are mentioned it said in such a way that they are the ones making the decisions. That they are controlling and advising their clients. Don't you think that sometimes the clients are the ones behind those decisions. I advise my broker when I want to buy or sell. They don't get a say in the matter. Wether that differs with HNW investors with their pots lumped in with brokers like Killik, IDK? They may have left those decisions to wealth managers to do with as they see fit. What we never know about the notified trades released via TR-1 rns's is how many clients were involved, over what time period or were they all trading in the same direction. We just see a balancing total and an overall direction of travel.

Was that from the American couple or the company, BT?

Saw this short peice from the company. Footage is obviously not all from Belfast, afaict.

https://www.youtube.com/watch?v=02MexHxQx1Y

Hard to tell bacause of all the scaffolding, but it didn't look close to sea trials as of last week when these pics were taken.

Quorn is on the left, btw.

https://media.licdn.com/dms/image/D4E22AQFIDraWbfbZbA/feedshare-shrink_2048_1536/0/1718188772502?e=2147483647&v=beta&t=05ubgAWjZ8xgpQDHGDQ06A_38-jXSzUjE0QF0wOjUss

https://media.licdn.com/dms/image/D4E10AQFYEFzzHr7DTw/image-shrink_800/0/1718574985160?e=2147483647&v=beta&t=VgpVxo_QZt7RbcPkNNYihddw0JHEWTzkv8rQTCeYccY

Was down that way this afternoon, but not much to report. The Puffin has flown the coop; back south I would imagine, and the new landing craft has had a bit more of the painting done on it. Other than that, all quite on the southwestern front. :)

Immediate thought would be that they coud do with less diversifying, tbh Stokey. But yes, maybe they are on to something with the scattergun approach. This article doesn't paint a very good picture if the industry they are trying to reestablish themselves in. "...rarely able to function without some form of state intervention" Did Bliar Peach write this? :)

"I speak for many on this board..."

I'm sure I might have missed that election process. So, as I didn't vote, I'll speak for myself thanks. ;)

Latest news letter released, fyi.

https://www.stornowayportauthority.com/media/nz3bvman/stornoway-pa-newsletter-june-24.pdf

Goals for June were to complete the link road to Arnish Point where the yard is situated.

"I used two separate paragraph's for a reason". :)

Yes, look forward to an update full of "clarity". That's the one with an i, not an e, btw. ;)

I'ld imagine it will be tacked on the end of the results, Stokey. I hope it's more a lot more detailed than that so called "trading update" in November.

An article mentioning the report was also posted on the 14th of May, Stokey.

https://ukdefencejournal.org.uk/a-more-lethal-royal-navy-is-needed-says-new-report/

I don't think citing the Steamship company of all people is a fair comparison either, BT. They said a lot of things against the company after JW threw his hat into the ferry ring. A company the size of Cenovus didn't have an issue with lodging work this way. As have MAS and Cory. So don't know how you can state being so sure that the FIG would have any reservations. They seemed happy to announce the preferred bidder status with out any doubt or misgivings being apparent. Going so far as to point out historical significance of H&W being chosen.

Oh, I can't wait to see what both camps sieze on after this finance "deal" is finally put to bed, one way or another. As it seems both rampers and derampers blame it for pretty much everything. Delays, missed milestones or lack of contracts, pay disputes ... You name it and the lack of the finace deal as at some point be used as the scapegoat.

That said, it might be an interesting week ahead. GL. :)

Not sure if this answers your question, Scaff'.

"On Tuesday 21 February ExCo approved two papers relating to port facilities in Stanley. One gave authorisation for remedial and improvement works to FIPASS to ensure operational capability for at least five more years."

Also mentions that they would be looking to have the work done in phases.

"Tenders will now be invited for the phased replacement of the existing FIPASS barges, with the reinstatement of 300m of berthing face by replacing the north west barge being the initial priority (phase 1)."

So, all in all, a nice long lasting contract for the yard, spread over many months, even years. As each of the pontoons/barges are fabricated they could be taken down and installed whilst work continues on the next. There is also the requirement for the decomissioning of the old barges.

Here's the link, fyi.

https://www.falklands.gov.fk/commercialservices/capital-projects/new-port-development/port-press-releases

"There are probably going to be some items that would have long lead times that cannot be ordered until the contract is signed."

Stokey, it's basically four or so floating boxes. Larger, but very similar in construction to the pontoon Appledore made for the RNLI. Lots of welding and lots of steel. Basic materials for a fabrication yard, would you not think? From what I have seen of it, It's very basic affair. Not a very complicated structure in comparison to building an actual ship. What "long lead time" items are you envisioning?

https://www.atlink.co.fk/about-us/fipass/

Journos will pick any bit of info from RNS's or even other papers to make up a story. imo Everyone is "waiting" for a lot of things previously mentioned. Some going back years, fwiw. Have said before, the FIG announced the preferred bidder as part of the whole process to get it all done "by the end of 2027"

"two pivotal papers have been approved to advance the project"

"The first paper greenlights negotiations with Harland and Wolff, a preferred development partner, for the marine-side elements of the new port facility. This move allows authorized government officers to commence "discussions" on contract terms and project timelines. Pending final pricing and negotiations, this phase of the project is estimated to cost between £100-£120 million."

"The second approved paper paves the way for the launch of an invitation to tender for the access road and causeway, integral components of the project. The tender will utilize existing designs and studies, with refinements to accommodate the marine-side specifications. This process underscores FIG's commitment to ensuring a seamless transition to the new facility by the end of 2027, coinciding with the end of FIPASS's functional life."

"by the end of 2027" no delay as no rush. afaics.

Not taken that way, BT. fwiw.

Tbh, X, did think it was a bit of a lackluster response to the news yesterday. Thought that the news may have filtered through to some of the papers this morning., but doesn't seem to, afaics. The same papers that were so quick to be writing the obituary of the company a few weeks ago obviously only like selling bad news stories. Had funds on stand by at the time so used them. Now they are back on stanby. So, I'm good.

I've no reason to lie when I post some of my buys, BT. So I've no reason to lie and say it was mine if it wasn't. Told you before, people don't like it when you announce that you have sold. They feel it's trying to deramp. In this instance, Stokey asked, I like and respect him so gave him a straight answer and now he knows. . So no wind up, I sold some. No biggie. :)

Fwiw, the 100k was mine and a sell.

Dons tin hat. lol

Thanks, Sam. It's a good article and although it has been posted multiple times before since it's release it's probably better to have it again than some of this mornings posts. ;)

I can tell you are all on the edge of your seats with anticipation. Not. :) Well, starting off a book on what they are gonna call the latest addition to the Marine Services fleet. I'm going with Goliath. Yes, the recent arrival and currenty named, Naomi Jennifer, is getting the mark of the Wolff, the distinctive bright yellow paint.

Haven't done a comparison of it's spec yet but here are some before shots of the landing craft type vessel.

https://www.marinetraffic.com/en/photos/of/ships/shipid:3363017/shipname:NAOMI%20JENNIFER?order=date_uploaded

As an aside and also over on the Newquay Yard, the Puffin is out of the water and up on the Patent Slipway for some sort of attention. At the far end, nearest the village, is another vessel, similar to the Puffin but quite drab looking. It may not be anything to do with yard but don't recall seeing it last time I was down there.

Julian will be busy, busy, if they keep adding to the ship count. Saying that, I spotted the Steamships new vessel the Gugh at Penzance earlier. If they get enough between them maybe they could form a bridge to Scilly. :)

Down by the riverside “birdwatching” when something yellow caught my eye. Could it be fresh paint? ;)

Heading back to base for debriefing. You ain’t seen me, right?

That's fair enough. But I would suggest that there are a lot more "trades" to choose from nowadays what with technological progress and the advnet of computers based IT and design jobs. Although it's mostly fabrication based work, It's not just oily rag types required. Someones gotta work all the robots. :)