Re: Interest Further stock being taken out of the market which is a positive sign. Could well end the day a little higher with more to come in anticipation of the yard update.
Re: Interest Hi Bowood, just a note, on 23rd Jan 14, we were told the rig was to be ready for delivery in the middle 2015, so i'm trying to figure out if the rig was built for a customer, or for another buyer, looking back i understand the people buying the rig paid £750k for certain specifications to upgrade the rig, so not quite sure what is going on, surely they wouldn't have built the rig without an order, Lets hope for some positive news soon, seems like an announcement is imminent with the hike in the share price.Good luck
Interest More interest this morning so perhaps we can expect positive news on the sale of the rig. Once completed there should be a massive increase in the sp with assets worth about 50p
Re: Rig sale I agree with panick selling and I have to say that I will be quite happy to see the shares offered at 10p when I will be more than happy to add.
Re: Rig sale To be honest i didn't really see as a loss as such, it's only on paper plus exchange rates, as you so rightly said, when the rig is paid for there should be a hike in the share price, another order would also push up the share price, not forgetting they still have plenty sitting in the bank, Seems like a bit of panicking yesterday by people who only see a down side.Have a good w/end
Re: Rig sale I think it was ordered, has been built to specification and will be delivered to the buyer by the end of the year when I guess it will be invoiced and paid for. At the moment it's all work in progress but when invoiced will formalise a sale, crystallise a profit and of course cash. Losses in running the yard during the build have resulted in AMEDs investment value being reduced. On sale of the rig this should increase the value of the investment as the profit is acknowledged. The yard also reported a small profit from other work during the last six months so the potential for earnings and asset value enhancement is massive. Grossly undervalued IMO and we should have an update during the next couple of months or so.
Re: Rig sale Hi Bowood, just a point regarding the sale of the rig, they said last December that the rig after test and trials would be delivered to the client, so has the rig been sold, or are they awaiting a client to sell it to, but then saying that, last year they received a payment for alterations to the rig, so just trying to figure out what is happening, as being the first rig to be completed is it a show case or actually a completed order.???
Link isn't appearing Dave the chef? Brief summary?
LPG/LNG is bread and butter for Qatar so might be alright if the offshore yard is going to build these. If it's the shipyard (I got no idea how big these things are) the its game over I would suspect!
If the LPG/LNG carriers that are referredare going to be built by Offshore then we might be alright given that's Qatars bread and butter. If
Few shares getting dumped today! Can't see any positive news with this for a long time.
Re: Explorer 1 - cracking post, that is the specific build we are interested in yes? The google translate wasn't perfect for me but this is a copy and paste of the title: "SUPER 116E jackup rig then pile success" !! Hopefully AR release an update if my initial thinking is correct..
Europe, America, Asia.... Not sure this stock will get a rest! ðŸ˜
re Explorer 1: lets hope we do everything on their 'proposed assets' page!?
Got a link?