Other than poor Maersk having a bad day at the ofice, looks like most folks had eyes on the Gold Cup or maybe we are all just patiently facing the West and awaiting smoke signals, to be rapidly followed early next week by the crucial written word confirmatory RNS.
Not long now..... surely.
Logically, why would it not be as you suggest 46G ? Especially given the hints you refer to.
A lot of expensive and interesting kit has been installed in KSA and is "ready to go". Are the engineers from the various parties going to be sitting around staring at it waiting for a high-level piece of paper to be announced to the world ?
Well, bureaucracies and politics have their ways, but so do engineers. Is it possible that sizeable "pre-signature commissioning trials" (or some such cover phrase) are going on already, with revenue-earning fuel ?
On another note the last part of the last RNS gave me a warm feeling that the BOD really were pushing/moving thing along
Quadrise is evaluating options to reduce the impact of the delays in finalising the agreements for the commencement of fuel production. This work will also look at opportunities to optimise the production and logistical phases of the schedule where possible, to enable the combustion phase to be completed during the second half of 2018 in line with the original timeline.
I Guess the above has not happened and everything is going to be wrapped up in the forthcoming RNS hope they can make up any lost time?
I'm crossing everything for a positive RNS out before month end......Come on Mike come good on this one
If you want to see what the market thinks of gas to liquid tech look at the share price performance of Velocys over the last 12 months. Anramovich's backing didn't seem to help the s p performance although I have not checked to see if he is still involved.
Nice to see f32 make a welcome return to the board and respect to Tot and the Hog. Looking forward to seeing you fyoz next Nov through to March if possible
Here's an additional article which confirms that it would be cheaper than LSFO, despite the reforming process etc, but from what you've described, I would assume the cost would be linked to that of LNG - which, if the cost of LNG were to rise post 2020 (and indeed in the lead up to) than the financial benefits of this fuel start to be eroded. Still, cheaper than LSFO and no need for scrubbers on the face of it must look attractive to shipowners (however, as stated in my previous post, agree that this is not a threat in the short / medium term, but after that who knows - and what the marine fuel situation will look like in the longer term is anyone's guess ATM IMO).
ZeroV. I dont think this is a flyer. Whilst LCO is a low cost refinery byproduct, GTL is a high quality low cost diesel type product containing zero sulphur. It is made by reforming natural gas as Shell, the Qataris and Sasol do. Making GTL is not a cheap process and it is thermally inefficient, some 40% of the natural gas gets burned away in the process.
The article doesn't actually go into what is probably the main benefit of this alternative emulsion fuel - which I would assume is the fact that it is cheaper than low sulphur fuel(not stated) and doesn't need the initial investment of installing scrubbers (suggested). Compelling, but given our own experiences, to get the infrastructure in place takes time - a LOT of time!
And as TOT states, would require LONO to give shipowners confidence that they wont be damaging their engines. Again, setting up trials also takes time - a LOT of time!
Obviously they must have their eye's on being commercially ready for 2020 otherwise they may miss the party (or at least the initial part of it), and I would guess that is an extremely tight time-frame to get to commercialisation (have not looked yet to see how mature this alternative may be yet).
However, a good spot Ianto and probably one to keep half an eye on as we move forward. For now though (IMO), all that matters is KSA and getting the land side of the business up and running. Until we have a full LONO, I personally am not banking on much happening in the marine field.
I'd like to think that all the non execs have been summoned to sign off a RNS 46G, and wouldn't discount that, but historically Hemant has been heavily involved in the drafting of the Annual Report and Interims, and with the half year report due to be issued before the end of the month I would omagine that he is beavering away on that at the moment.
All eyes to the USA this weekend and the early part of next week where some more deal announcements might be made.
Ianto, this isn't the first time we've heard of the 'blending on board technology' and it probably won't be the last, but I think the article speaks for itself. First the statement that "The cost of the new fuel mix is expected to be higher than standard heavy fuel oil " and also that "The companies noted that the biggest challenges are the supply and bunkering of the individual fuel components".
It's unstated but I would imagine that they would need to obtain LONOs too, so why would any major shipper favour it over MSAR which can be supplied at a discount of around 10% to the cost of HFO?
Sounds like a more expensive version of our emulsion fuel (as more expensive than HFO). It would be interesting to know what their LCO (Light Cycle Oil) is. The GTL I am assuming is the equivalent to our Akzonobel produced special ingredient.
If they were to mix onboard, you would expect LCO to be based on a common fuel available to bunker (which would be a neat solution if space to do so), but that doesn't sound like the case - so who produces it, and what are their incentives....???
I would presume the LCO is 'lighter' than HFO to get it to flow without additional heating etc, but who knows.
Would that not expose the MM's to risk to hold large number of shares once the market has closed (to release shares by triggering stop losses so late in the day), i.e. the same as any of us shareholders? I didn't think that was their game...? Wouldn't the drop be the inverse of this, and trying to get rid of shares prior to close?
Some holders will be using trailing stops to limit their exposure or guarantee a profit (PJ used to advocate them). As the SP slowly increases they constantly adjust the stop level upwards. MM's short of stock, drop the price quickly to pick up shares as stops automatically close out
Tot we have been here before so many times, it is almost predictable.
If the MMs knew of a large sell in the system, and dropped the sp, there is scant evidence of increased buying and even less of that sell. So unless that 'sell' turns up tomorrow morning I think we can assume it didn't exist.
If it was an attempt to scare people into selling short term buys to gain stock, they may have had a limited success.
The answer to your question 'who are they working for' is, IMO, themselves. It certainly won't be for the benefit of shareholders.
Beforehand I even got to the end of your post TOT, I was going to ask why it is in the mm's interest to drop the price like that, there must be some rhyme or reason and not just illogical mm manipulation. Maybe they had a large sell(s) near the end of the day and had to drop the price to encourage buying of said stockist that they weren't left holding at the end of the day???
According to lse.co uk today using the mid price as a guide there were 1,012,229 shares sold and 1,183,736 bought. Both of Falkirk's bed and isa trades were shown as sells, so if we take off the one which was a buy from the sell total we have roughly 912 k sold and adding on the 100k purchase to the buy side we have roughly 1.28 m bought, yet those cuddly market makers manage to manipulate a 10% drop in the share price today.
The day started well with three buys of over 100k in the opening hour so you have to ask why are they trying to keep a lid on it/who are some of them really working for?
Agreed, short term traders taking advantage of any perceived weakness...
Still not sure where I stand on the 'yes' / 'no' debate for RNS prior to month end. The last RNS certainly left the door open for further delays... However, agree with what others have said here with regards to bigger contracts being signed on the back of the current trade missions etc which should then enable our humble little piece of paper to get the relevant squiggles.
This current rollercoaster ride of being so close, yet so far is not good for the nerves! Steady that ship Cap'n!
The United Kingdom and Saudi Arabia signed a Memorandum of Understanding last week which commits both countries to working together on developing new technologies to reduce carbon emissions and sharing technical knowledge with one another.
On Friday, the UKs Business Secretary Greg Clark signed a Memorandum of Understanding (MoU) on Clean Energy with Saudi Arabias Minister of Energy, Industry and Mineral Resources Khalid A Al-Falih, which commits the two countries to working together on developing technologies with the potential to reduce carbon emissions that nevertheless help grow their respective economies.
As such, the two countries will share technical knowledge and expertise on clean energy with one another, including information on smart grids, electric vehicles, and carbon capture technology. The MoU is one of several that were signed between the two countries as part of the larger UK-Saudi Strategic Partnership Council.
Our Industrial Strategy sets out a long-term plan to build a Britain fit for the future, said Business Secretary Greg Clark. This means equipping our economy to take advantage of new opportunities and build resilience to new risks.
The global shift to clean growth is one of the most foreseeable and significant global economic trends and will transform many sectors of the economy, including power, transport, construction, energy-intensive industries and agriculture.
This Memorandum of Understanding will help both the UK and Saudi Arabia make the most of this shift.
Through our Vision 2030, Saudi Arabia has a blueprint to guide its future development through diversifying our energy mix, expanding on key industries and mining opportunities, as well as investing on science and innovation to meet current challenges, added Saudi Arabias Minister for Energy, Industry and Mineral Resources, Khalid A Al-Falih.
The UK and Saudi Arabia have also agreed to meet yearly for an Energy and Industry Dialogue which would allow the two countries to further identify areas in which they can collaborate. Secretary Greg Clark is also set to visit Riyadh later this year to further the collaboration on energy matters.
It seems a reasonably easy process, I called up BOS on their normal share dealing general enquirers number 0345 606 1188 and selected option 2 to speak to an ISA trained rep.
I then explained I wanted to bed and ISA, a term they refer to as sale and buy back.
They gave me a quote using their auto trade system, but I felt the spread was pretty large.
They asked if I wanted to submit a manual request where their traders could try and work down the spread, but I opted to postpone the transaction until the spread was tighter, and then use the auto trade system. I just got a little nervous about traders trying to "work down the spread" out with my control. I might have been worrying for nothing...
Wow £200k, as AIMS is my plaything, nothing that big glad to say, a few £k at worse. Learned my lesson with AIMS, if you look at most AIMS they rise a bit then over 2 or 3 years drop by about 90%, I stear clear unless I have a good research behind it now, no more "with a bit of luck this will be a multi bagger".
You have to have a few failures to come good in the end, a bit of pain makes you more careful, as with most things in life.
Can't recommend a forum Accypete, but I do enjoy strategic investment discussions.
My golden rule is "don't bet the house you live in". Aside from that it is a matter of various pots including direct private (angel) investments; ISAs; SIPPs and other pensions, as well as share accounts on which I am willing to accept varying degrees of risk, but like you, I've certainly made some big mistakes in the past despite (perhaps because of?) my risk assessments !
Biggest single write off loss ? About £200,000. Biggest single bankable gain? Still waiting for our friends here to come good !
A bit off topic but there are some good and knowledgeable investors on this forum.
I am interested in sharing some information on investment strategy, any funds holders feel are worth a mention, not interested in ramping, just good solid sense. If anyone knows of a good forum for this activity them let me know.
Not sure if I have posted on this topic before, sorry if it is boring anyone.
There are plenty of forums about but most posters have an agenda and fraught with arguments (as we have seen here at times), I am just interested in holders with sensible ideas to share. If you know of such a place then please let me know.
As a starter I will give a simple overview of my strategy:
90% of my holdings are in my pension fund, which I still contribute to and manage myself. I consolidated 4 pension funds in to an FCA accredited online management app which I control fully.
I have about 80% of my pension as unit trust, these are my safe havens and also my future earnings, typically making between 10% & 30% per year. Its a simple, low time consuming strategy, I review every unit trust every 3 months and make changes based their upon growth and global conditions. I have spread my investments across the globe and in different sectors for resiliency. These are growth funds, I will change for dividend unit trusts when I go for drawdown, typically 4% to 7% dividends.
I use AIMS to entertain and to make a few £ to reinvest in my pension unit trust as they make profit. Went a bit mad with AIMS in the early days, a few bad pups but now focusing on more stable and longer term AIMS investment. I have reduced my AIMS holdings to 3 decent investments below:
QFI - we know the potential here. Stopped further investment. May skim and add to my unit trusts if it multibags.
Sirius Minerals - early days but a major global player in about 2 years time. Building up my holding as appropriate
Atalaya - The old resurrected Rio Tinto Copper mine in Spain, in full production and going strong, 1st major end of year report out in April I think. In profit now and expectations are high for a good end of year report. The MD here is brilliant, he always understates expectations and then over delivers, always. At maximum investment, no further plans to add shares. May skim after April report.
When appropriate I will skim some funds off the above 3 investment and add to my unit trust.
Interested in other investors strategy and any decent tips you may have, not shot in the dark "what if" investment, the above 3 all have a solid and credible story and should make good profits and growth over the next year or so (Atalaya are, QFI on the cusp.)
Happy to take the topic off line if anyone is interested.
I had always thought that he was one of the few in Trump's cabinet who wasn't a sycophant and had some gravitas, but this article highlights some of his failings in the Middle East and maybe explains the timing of his sacking with the Crown Prince's delegation due to arrive in the USA next weekend. Could his departure be another piece of the jigsaw perhaps before deals involving US companies in the KSA are signed off?
FWIW I've done bed and ISA's several times with iii over the years after a simple phone call and they have always managed to get a very tight spread on the trades with just one fee for the repurchase. Always a good thing to sell one of your dogs near the end of the tax year too if you have made gains on others which put you into CGT territory. It helps fund the new year's ISA.
All good sound advice.
I use tdw now ii and the past few years have regularly bed&Isa a chunk away.
I reckon to lose about £40 worth of stock on the spread. They do seem to manage a good deal. and they charge only for therepurchase.
Its convenient when you have to buy on the hoof and cannot wait to fund your isa.
I tend to use t10 or t20 at times if I perceive growth and then bed & isa later as I can move cash around.
I have a chunk waiting and hav no allowance left over. Yes I want the deal this month. Yes I want to get my bed & isa off on 6th April with max leverage!
Many thanks for your replies everyone.
I'm a few years away from accessing my SIPP for drawdown or lump sum, so I will just keep contributing as and when I can. I never realised the LTA was now 1M!!! It will probably be <500K by the time Im 55!
At the end of the day, getting 45% of a huge pension pot is better than 100% of a small one 
As for the Bed and ISA, Ill contact Bank of Scotland now to make transfer arrangements.
Remember if you rack up any losses in your share account (I did - and some)
You can put this against any capital gains you have in that year (ie 17/18)
And you can roll this on to successive years too!
Then of course you have a new tax status in the ISA
As it is treated a another Tax entity.
I'm with The Share co and they managed a 0.1p (£0.001) spread + £7.50 fee - explain what you want and they do the rest
Check this first for your own tax situation!
Of course put it into an ISA wrapper to protect the envisaged windfall.
I use Hargreaves Lansdown, have done for years and experience no trouble. The only bad thing is that I don't have any gains to protect in QFI! (Yet)!!!
The LTA is currently £1M. You'll need to apply to HMRC for individual fixed protection 2016 to keep your £1.25M allowance and will no longer be able to contribute to your scheme.
You can bed and ISA. We won't have an RNS during the very short period of time this takes although you'll lose at least the spread. There should be enough liquidity for the amount of a single ISA allocation, I wouldn't be overly concerned about this.
Looking for a little advice please.
I'm starting to get really concerned that when this share rockets, HMRC are going to have a field day hovering up a tax windfall from us long term holders.
Currently I have a sizable holding (for me anyway) in both a trading account and my SIPP.
I realise that in my SIPP, I could quickly hit the lifetime allowance on QFI held stock alone and would then be subject to 55% tax on any gains above lifetime allowance (£1.2M for me). I dont think there is anything in the SIPP rules I can do to prevent this?
With my trading account I could only take a small amount out each year before being subject to capital gains tax.
I would like to transfer my annual allowance of QFI shares from my trading account to a stocks ISA account via the bed and ISA process, but I am terrified I wont be able to buy back at the same price, the stock wont be available for repurchase, or we get an RNS during the transfer process.
Whats peoples experience of the bed and ISA process, and is it advisable to get my stock out of my trading account and into an stocks ISA as soon as possible?
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