Member Info for TandH

yeah, I got my blip and am back in Barcs! Got to do something to recover losses from NRK and Barcs always seems to work for me :0)

I've been watching MTA too this last week or so - not doing much is it at the mo? Still on the list though as you never know.... I'm currently watching Barcs for a lowish blip tonight to get in there again. Looking for 500p again but don't think it will happen :0(

so true - glad I didn't - Phew!

and I'm out. This SP should have gone up when all the buys came in after the news, but the spread became unusally wide and the SP dropped. Strange one and suspect, so I decided stop the research and pull the dough! Just under £100 loss so can live with that! Boy, you live and learn with some of these AIM companies.....

for Subsea this morning so far - doesn't bode well for confidence..

I agree

I've been trying to research who owns and loans out the MV Geomaster, which I understand is one of only 2 ships in the world that can perform this type of deep-water salvage. The results are comlex, but I think the Geomaster is under contract from it's owners, to TSMarine (for 6 years from 2006) who then loan it out to companies such as SUB for salvage recovery opps. In the summer of 2006, SUB had the Geomaster for a contract period of 140 days with options to extend, so judging my your snippet Redsox, they can't have extended it. Also the Objective Capital report I have read indicates to me that SUB have been overly optimistic about how many wrecks they expected to have recovered by now and in turn, how much they would have used the Geomaster. All this shows the risk associated with this SP and perhaps we all realise what a speculative punt this is. IMO, the potential upside here, is that SUB's own survey ship (John Lethbridge) has limited "salvage recovery" facilities which may mean it can recover enough of the booty to demonstrate this find is very real and is worth the effort. This in turn could increase the prospects of a takeover/bid happening. I think I'm sticking with this for the time being, but will expect to see some further news soon around SUB bringing up some small bits of the cargo to show it's worth holding onto the shares (or not)!

of poop that was today :0( Hope this picks itself back up Monday

Laugh?......I nearly paid me mortgage! LOL

Does anyone know if this is from that news last month re' a possible approach for the company, or has this just appeared?

please post link to the London Stock Exchange article

yep, got those thanks on Barcs online stockbrokers and Subseas website. The objectivecapital piece was a report looking at Subsea in general and comissionned by SUB I think too - these reports usually are :)

I'm in at the moment, but I am concerned & I agree with others on here, that the spread and the current SP looks strange, particularly as there has been so many Buys this week. The company is in dire financial straights that is true, but this salvage should go a long way towards reiging in the losses. Also, if they find the Miranda.......well it's "uncork the Cristal!" I really don't know with this one at the mo.......sitting......watching.....waiting.......

from a website called objectivecaptial.co.uk - a report on this site from June 2006, states the Miranda had a value of $48.6mill. I think SUB were undertaking project Miranda duties when they located this one, Audrey? Anyway, interestly, Audrey is valued at $17.3 mill in the 2006 report, which means that by now, the Miranda must have a value of about $90mill or more? Wish they'd find the Miranda aswell!!!

Not sure what's happening other than the gloom of todays trading in general, is rubbing off on everything?

either but waiting....just in case there is genuine news on the stock exchange floor or if it's the rumour mongers again

yep moneyam and checking live prices on Barc online Stockbrokers and that went bonkers too!

back to normal! God knows what happened then.........

All banks gone bonkers on my live data screen - bid/offers wrong way around......huge spreads???? Not another hiccup at the Stock Excahnge????

I think you could well be right as the banking stocks have been up and down like yoyo's for 2 weeks now. It was over £7 only this last wednesday and nearly £8 only 3 weeks ago.