Omobono Posted April 7 Share Posted April 7 1 hour ago, b4mbi said: When the purchase price of £124m in 2018 is viewed against the previous aquistions adjusting for inflation, it doesn't look so bad!! In July 2003, the company was sold for £142 million to Montagu Private Equity.( £196 million in 2018 prices ) In 2005, the company was purchased by Macquarie Bank for £225 million. (£300million in 2018 prices) the council of ministers had a specialist valuation of the companies value and assets from a very well qualified ship broker and guess what they decided to ignore it , I wonder if that will ever come out , other than the ships , they had no other assets so you work that one out ? Quote Link to comment Share on other sites More sharing options...
Banker Posted April 7 Share Posted April 7 42 minutes ago, Omobono said: the council of ministers had a specialist valuation of the companies value and assets from a very well qualified ship broker and guess what they decided to ignore it , I wonder if that will ever come out , other than the ships , they had no other assets so you work that one out ? They had the rights to operate link span and routes didn’t they? Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted April 7 Share Posted April 7 2 minutes ago, Banker said: They had the rights to operate link span and routes didn’t they? Only up to 2026, wasn't it? 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted April 7 Share Posted April 7 11 minutes ago, Andy Onchan said: Only up to 2026, wasn't it? Not sure but still 8 years if correct Quote Link to comment Share on other sites More sharing options...
b4mbi Posted April 7 Share Posted April 7 (edited) 1 hour ago, Omobono said: the council of ministers had a specialist valuation of the companies value and assets from a very well qualified ship broker and guess what they decided to ignore it , I wonder if that will ever come out , other than the ships , they had no other assets so you work that one out ? fill your boots, basis of the valuation explained here Edited April 7 by b4mbi Quote Link to comment Share on other sites More sharing options...
asitis Posted April 9 Share Posted April 9 I see the boat is out at sea this morning sheltering off the SE of the island. In a NW gale, I would have thought our harbour was protected somewhat. The fast craft appears to be going. Is it a good idea to sell the Ben ? Quote Link to comment Share on other sites More sharing options...
Happier diner Posted April 9 Share Posted April 9 27 minutes ago, asitis said: I see the boat is out at sea this morning sheltering off the SE of the island. In a NW gale, I would have thought our harbour was protected somewhat. The fast craft appears to be going. Is it a good idea to sell the Ben ? What is the advantage of having the Ben today (assuming it's in running order)? Quote Link to comment Share on other sites More sharing options...
Dirty Buggane Posted April 9 Share Posted April 9 Well seeing as the Manxman's pax has gone from reduced to diddly squat a lot of the time, would it not be prudent to have a boat that may be smaller and less luxuriant but able to sail and stay in harbour as a life line. Quote Link to comment Share on other sites More sharing options...
Capt_Mainwaring Posted April 9 Share Posted April 9 6 minutes ago, Dirty Buggane said: Well seeing as the Manxman's pax has gone from reduced to diddly squat a lot of the time, would it not be prudent to have a boat that may be smaller and less luxuriant but able to sail and stay in harbour as a life line. The Ben would not have sailed in this morning's weather either Quote Link to comment Share on other sites More sharing options...
asitis Posted April 9 Share Posted April 9 (edited) 29 minutes ago, Happier diner said: What is the advantage of having the Ben today (assuming it's in running order)? It seems to me it could stay in harbour thus negating costs and delays associated with being sheltered at sea, and without doubt it can / could go in rougher conditions than the new one ! It seems odd to me that the fast craft appears to have departed but the boat can't ? twas always the other way around ! Presumably because Liverpool is a following sea ? Edited April 9 by asitis Quote Link to comment Share on other sites More sharing options...
Banker Posted April 9 Share Posted April 9 1 hour ago, asitis said: It seems to me it could stay in harbour thus negating costs and delays associated with being sheltered at sea, and without doubt it can / could go in rougher conditions than the new one ! It seems odd to me that the fast craft appears to have departed but the boat can't ? twas always the other way around ! Presumably because Liverpool is a following sea ? Problem seems to be Heysham harbour with the strong winds and silt issues, arrow went so should be food & mail arriving 1 Quote Link to comment Share on other sites More sharing options...
Dirty Buggane Posted April 9 Share Posted April 9 (edited) My argument still stands, if they knew silting was a problem why purchase a deeper draught boat. That is presuming the silting is not something that has occurred just in the last 24 months. Same goes for restricted maneuvering space. I know how to solve that ! Buy a bigger boat. Edited April 9 by Dirty Buggane 1 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted April 9 Share Posted April 9 2 hours ago, asitis said: It seems to me it could stay in harbour thus negating costs and delays associated with being sheltered at sea, and without doubt it can / could go in rougher conditions than the new one ! It seems odd to me that the fast craft appears to have departed but the boat can't ? twas always the other way around ! Presumably because Liverpool is a following sea ? Costs of sheltering at sea will be a factor. However they still have to pay the crew wherever they are and it wouldn't be much in fuel. Its only temporary as works are in progress on the extended mooring. Dont know about the manannan. I assumed it might be because its a smaller window and it can get there and back Quote Link to comment Share on other sites More sharing options...
WTF Posted April 9 Share Posted April 9 3 hours ago, asitis said: Is it a good idea to sell the Ben ? it's a good idea to sell the manxman 2 3 Quote Link to comment Share on other sites More sharing options...
Anthony Ingham Posted April 9 Share Posted April 9 10 minutes ago, WTF said: it's a good idea to sell the manxman Why? This time next year the situation would be exactly the same if it was Manxman or Ben. It’s just that for not the new boat can’t shelter in the harbour while work is in progress to upgrade its berth. 1 1 Quote Link to comment Share on other sites More sharing options...
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