The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
INFA is Dead long live HARL
https://m.youtube.com/watch?v=3at_Ev2kOoI
! Radders ( auto spell check ) !!
Raiders, JW stated that the ML decision would be made within days that was about 2 weeks back …SO why no news ?? The guy is unbelievable!!
The interview at 8minutes mentioned we should receive the first defence contract in a few weeks, followed by the several ship deal, and another ship arriving the third week of October
Hi stokey
Can you please tell me what happened to the money from the 26million and 1.5million contracts
And if we know figures for the Dorset spirit and the several ship deal in October mentioned in the most recent interview?
Thank you so much
With a few other shares I've held, that had a name changes, the old boards are still there. Just not used, in favour of the new ones. At some point the ticker will change. Notice that a trade has appeared over there, but nothing here. So I guess it's just going through the process. Investing.com doesn't recognise HARL yet.
The new Board HARL is now up so need to post to that one not sure how long this board will remain.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.scotsman.com/news/politics/uk-energy-crisis-former-minister-urges-uk-government-to-invest-in-gas-storage-and-stop-relying-on-luck-3392964%3Famp&ved=2ahUKEwi5j53ljpfzAhWGIsAKHQGgBrAQyM8BKAB6BAgREAI&usg=AOvVaw3LbmHH3QotMqU-frFGqIjT&cf=1
UK energy crisis: Former minister urges UK Government to invest in gas storage and stop relying on 'luck'
Former UK energy minister Charles Hendry has warned the government to stop relying on “luck” to keep gas flowing and urged it to invest in storage to ensure security of supply and to keep the lights on.
By Gina Davidson
Friday, 24th September 2021, 4:55 am
"A former Tory MP, Mr Hendry said the UK Government and energy watchdog Ofgem needed to stop pitting consumers against the industry, and £100 billion was needed to invest in the UK’s energy network to future-proof it from crises.
He said prices would continue to rise if there was no new strategy for the long-term supply of UK energy, hitting the poorest hardest, and admitted the market could not solve the current emergency."
We may have an eventful week on the news front. On Thursday we should have the Quarter 3 trading update assuming that the Business Update last week was not given in replacement of it. Also we may have interim results following the change of year end. As I said yesterday I am personally expecting a loss for the quarter. The question is what other news will we have next week? I recall that JW did indicate in I think it was in the ********** interview that we would have news this month I cannot recall what it was though.
Yesterday Radio 4 The Briefing Room's topic was the UK energy crisis assessed by a panel of experts. I think well worth a listen. Sir Dieter Helm identifies gas storage as the number 1 issue to be addressed by government and rejects Kwasi Karteng's view that gas storage is a red herring. He sets out in detail what is required to have a resilient energy system and bluntly says politicians need to stop faffing about and take decisions to make things happen.
Have a read of the replies here gents !
https://www.linkedin.com/feed/update/activity:6844949689784168448
Gottcha oldtramp thought it might have been
Yes, Nobby, I was alluding to reversing the SNIP. And yes, it could be done and given this recent issue with supply it could be the motivation to get something moving. But it's certainly not a quick fix as regards storage issues on the mainland.
AFAIA, the link between the ROI and NI runs South-North, one-way, similar to the SNIP. And both emanating from Moffat.
Besides the geology, IM is just in the wrong place, with the current infrastructure.
At the moment it's like having a nice array of solar panels on your roof and a load of large capacity batteries but not being conected to the grid. I can make and use as much electric as I wanted but then I couldn't sell any spare back to the power companies.
I hope they do get finally the ML and that by the time they have finished with "the shovel", all these other issues can be sorted. At the moment, the timing is right to allow for something to happen. If not now, it may never happen. imo.
FWIW, over the years I have suggested a few things, some tongue in cheek I admit, from extending to fall out pipe for the brine to further out to sea, to using repurposed tankers and selling it to someone like Britsh Salt in Chesire. Seems a shame they can't make use of something thats others spend to aquire.
Anyhoo, GLA. :)
Si if you are alluding to SNIP reverse flow that can be achieved with Mutual Energy given the right negotiating skills and of course the political driver. Also don’t forget that even without reverse flow there can be a netting off of forward flow during the winter when the store is called upon in NI and via the North- South link.
Yes there is a lot to do but the ML consent is the biggest obstacle to unlocking the development of what is clearly a critically important asset for security of supply and to enable the energy transition from methane to hydrogen
It might get a knee jerk reaction in the SP (be happy with one of those) until they realise that approval of a license is only the start of a long and expensive road to make IM of any use to anyone other that those in NI.
IMO, JW is just playing for time, as well as playing Sim Shipyard with BMT, until he can hopefully get a MOD contract or similar and then IM will be spoken of less and less, gradually fay dunaway into oblivion.
In hindsight, should have gone with the FSRU. Be quids in now.
Okay, just looked, its 17.2 max. So the 9.4 must been unladen.
As you were. ;)
looks like ministers are being blame for lack of gas storage in the UK. we should have built more. yes, cant resolve the immediate issue but they have to start building new storage to avoid this shortage going forward.
so, perhaps, good news if our gas cavern storage project may be fast tracked and comes as a bonus to all LTHs ?
"A lack of gas storage capacity has left the UK paying significantly higher wholesale prices at daily auctions than other European countries, which have been able to build up reserves over recent months. Instead of storing gas, the UK has increasingly relied on a “just-in-time model” for supply."
https://www.theguardian.com/business/2021/sep/23/kwasi-kwarteng-vetoes-subsidies-for-gas-supply-giants-to-take-on-rivals-clients
OT, is the max draught of 9.4 m when it's fully laden? Guessing it's empty, so would sit higher in the water.
??? :)
No silt in dry dock bubble got a 2 hour window max at high tide however it is under tow so far harder it is a big ole cork sure they can pull it off.
oldtramp - Yes very strange not seen that before maybe P&O wanted it that way .
Side motors and reverse thrust will clear silt from bottom giving it 1.3 MTRS more depth but agree tight fit
Fri/sat should be interesting
tides of 3.5m with a Draft: 8.41m depth of water over sill at MHWS at main dock
https://www.harland-wolff.com/facilities/belfast/
Dorset spirit currently in Irish water due to dock tommorow has a mx draught of 9,4 m
tight fit until it gets in
This LinkedIn post has been posted by JW it includes a post from H&W. https://www.linkedin.com/posts/activity-6846849857538281473-0t-H The post reads 'Fantastic to run some live animations with real tidal and latest charting to see what vessels can enter our facility’s with minimal risk. #cruise #drydockings #cruiseindustrynews #cruiseandferry #cruise' The accompanying post reads 'Another simulation from BMT's REMBRANDT team, this time a simulation of the 266m Pacific Explorer, a large cruise vessel weighing 77,000 tonnes, cruising into our Belfast drydock with complete ease.'
Clearly a push for the cruise market.
Bit strange all the posts and pics on linkedin and twitter have gone re EC
Some pictures of rudder stock here
http://www.ship.gr/news6/damen59d.htm
Big ole job by the look of it