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Mark
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Posts posted by Mark
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Many thanks for that and we look forward to it. She was indeed immaculately maintained - although we will be replacing the canopy. The surveyor was very impressed with her given she was both a hire craft and 25 years old .. No "red" font recommendations and only a few relatively minor " blue" advisories.
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Bryan, that was me on what used to be Grenada Girl. We haven't moved her to Horning those were "celebratory drinks" following that mornings completion and out on first cruise, and passing the New Inn. Didn't get the impression that anything much is happening that doesnt happen at other yards when it comes time for one reason or another to sell a boat on, although I,ve not seen any replacement boats.
Howard: Grecian was indeed the drop nose and was sold via NYA last year at end of season
Mr Cabby: Correct and she will be out of the water after the bank holiday for the livery to be removed and new paint job on the roof (She is in her original gel coat ) and some small changes (anti foul colour and bootline added) to help emphasise the now private nature and also for us to officially rename her - it was a very quick sale and completion !
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Dave, as mentioned elsewhere the £25.00 is a choice for owners to have an external clean on Thunder by Ricos , whilst the internal is done weekly via hired cleaners sourced by BCBM and paid out of running costs. There is a perennial debate as to if the internal clean is value for money as the syndicate pays the cleaners fixed weekly as part of the contract so owners cant pick and chose to do it themselves on individual weeks and not pay. If there are enough on Goosander who support the idea of fixed weekly hired cleans it might be worth checking with BCBM and ask if they can give you the nbr for a quote. They do three syndicate boats at Richardsons in Horning already so would be easy for them to come across opposite and clean Goosander as well ?
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21 hours ago, Admiral said:
I was looking at silver cloud but no shares available yet, I was thinking Thunder as future proofing myself in case I do end up bringing friends or family along but thank you for the information on Thunder. It’s given me more to think about and yet I have to admit I still like the look of it. It’s a cracking boat and got a soft spot of that type of design.
Sent from the Norfolk Broads Network mobile appRuss , I,m Chairman of the Thunder Syndicate, if you need any further info / questions just PM me. We currently have a half share (2 weeks) and very shortly a full 4 week share.
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On 04/01/2019 at 20:47, SPEEDTRIPLE said:
As most will know, Lightning is self managed, and we have an excellent management team of Chairman and treasurer. I`ve often been on the phone to our chairman for up to an hour discussing how we think Lightning should be run, what we would like to do etc etc. But no matter what we discuss, everything is open to the Syndicate as a whole, and irrespective of what I want, if the majority don`t want the same, we have to respect that and enjoy Lightning as she is. The fact is though, Lightning seems to be a Syndicate mainly consisting of like minded people, and we mostly agree with everything each other says.
Re management costs, i noted Matts comment saying their fees for a half share is £900, so a full share is looking at £1,800. Lightnings annual running cost are around £1,400 per annum all in. That`s a saving of £400, which is roughly about the cost of each owners share of the management fee in other Syndicates.
We do sometimes do some of the work ourselves so as to save money, and when we were there in November, i rubbed down and varnished some woodwork, and went shopping for some replacement galley equipment, which i was re-imbursed for. Later this year, i will be looking to improve one of the door latches, and re-spray / paint part of the upper helm seat stem. Im also thinking of how to improve the tv ariel mounting etc, as the set up we have resulted in about 3" - 4" lost clearance for bridges. so i`m looking into viable alternatives.
Self managed Syndicates are great all the time you have (like we do in Lightning, and as i know, Ranworth Breeze does) a good and dedicated management team who want what`s best for the boat, as they too are share owners. However, management companies are businesses that need to make money to pay for wages, and may be keen to take the money, but do as little as possible for their clientelle. Challenger has given management companies a bit of a bad name, unwarranted maybe, but whenever i`ve discussed Syndicate ownership with other interested people (several NBN members), often the Challenger case still puts some people off.
A full share in Thunder costs £71 a month in running costs so £852 a year. Add the Management fee its a total of £1,296.
Our owners also work on the boat. WM and any upgrades done during it and agreed at the AGM are of course also extra .
Repairs / replacements etc during the season come out of the account to which the £71 goes to. Last season for eg we had a new cooker/hob added and also a battery charger amongst other things as the £71 maintains a healthy bank balance for these very things.
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10 minutes ago, jimbob88 said:
Yeah I'd also agree with your first paragraph being spot on.
I'm very fond of lowliners and have seen in the past others are too and it's been mentioned about if one was syndicated so thought I'd test the water and see if there was a the demand for one.
Think what this discussion has done though has made me realise just how difficult it would be to start from scratch especially with strangers and different points of views.
.. and now go back to all our discussions and mails etc about trying to go self managed last year and how everyone was happy to take the savings but not many volunteering to get involved- who,d, be a Chariman :-)
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36 minutes ago, SPEEDTRIPLE said:
Hi Mark,
£40k for a lowliner is very cheap. If you wanted a decent one, you should be looking for a boat with a fully recon engine at least. preferably new, the same goes for the gear box, central heating system, and all major mechanical and electrical systems etc. The reason being that systems that are around 20 years old have a habbit for breaking down, and will cost you dear in unscheduled maintainance or replacement, so any boat you buy for syndicate use would realistically need to be FULLY reconditioned in all aspects, and you won`t get a fully reconditioned lowliner for anywhere near £40k. Thunder is a great example. When she was taken out of hire, she was fully refurbished by Brooms (or so i believe, but stand to be corrected?) and shares were initially sold for around £8,000 each. However, Now she`s had around 6+ years of syndicate use, the shares are now around £6,500. When shares were up around the £8,000 mark, that would equate to a value of £100,000, however, now the share prices are down to around £6,500, that puts the value down to around £80,000. That said, i don`t mean any offence against the Thunder syndicate I`ve just used that as an example of how age and use etc can drive down values.
Yes fully agree and no offence taken, shares have gone for even lower in last years or two . I was using the e.g. of how even a low priced low liner would not necc equate to a cheaper individual costs for lower nbr of owners.
Thunder was indeed refurbished some 10 years ago at Brooms and even as recently as 2015 shares were still going at close to 8k.
In the last year we have invested in a new engine, rewired her, and in Feb will have new Teak effect carpeting thru out so a further investment but I doubt the current share price will go up to reflect this either.
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22 minutes ago, jimbob88 said:
I've attached a document I made of all the costs I could think of to running a lowliner. Under no illusion that having a boat whether on your own or as part of a small or large syndicate can be expensive at times but a 20k w/m budget isn't the norm either. Like I said for most things you can plan ahead while always having a reserve for disasters.
22 minutes ago, jimbob88 said:I've attached a document I made of all the costs I could think of to running a lowliner. Under no illusion that having a boat whether on your own or as part of a small or large syndicate can be expensive at times but a 20k w/m budget isn't the norm either. Like I said for most things you can plan ahead while always having a reserve for disasters.
James, that 3.1K is before you allow for weekly turnarounds and servicing, we will pay around 2K on Thunder per annum for that (and that excludes things like the new battery charger, labour , heating wiring etc) so unless you are allowing for the Syndicate to be local owners doing this (and also cleaning) themselves then you would need to consider it as you would nt want to arrive and not be able to go. Also a basic average WM without upgrades etc has normally come in at between £400 and £500 per owner over 12.5 shares, so taking a mid point £450 x 12.5 = £5,625 would be £1,125 per owner instead if only 5. Then with a AF38 lowliner built in the 90,s if you could purchase for say 40K thats 8K per share to start before any upgrades that may be required. Lastly if a major upgrade is required and 1 owner defaults then you have a bigger issue. That's not to say its a bad idea, just that I would see the trade off as one of accepting that overall there is likely to be more cost due to fewer owners putting in but the return is that you have more freedom to do the upgrades (if like minded people) and also more weeks out if one has the free time other than at w/.ends due to work
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Nor else where on line, hence the "if true " bit in my comment :-) Will be interesting to see how this one plays out after the footpath issue and the being mindful of the tidal aspect etc.
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Alpha 34 would be a good choice based on what you have said 2 appeared recently "Happy Jack" on Broadland Yacht Brokers and Enterprise on the NYA and both seemed to go under offer almost immediately
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24 minutes ago, Vaughan said:
Wow!
There must be a story behind that!
There is over on "the other side" a post stating that according to the BA planning website it has only been withdrawn with a re-submission proposed by the end of the year. If true then given the relatively short time lag it may be that they have attempted to address some of the concerns expressed first ?
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On 09/09/2018 at 22:51, oldgregg said:
That is one of the Funnell boats.... And after Haines have tried to make it a bit less ugly.
Sent from the Norfolk Broads Network mobile app
I.m not sure that Haines were very successful in their endeavour !
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Thunder is 6ft 10 with the nav lights... although it is of course arguable what she would be if it measured with an empty water tank and low fuel :-)
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Cheers , I,ll ask the Question direct
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Best options for a quote anyone ?
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14 hours ago, ranworthbreeze said:
Hi Matt,
That was Chris who did the pumps for a number of years, Malcom as well as doing the pumps also did gelcoat repairs and polishing boats, he did ours for a number of years prior to us stopping using their services for our 2017 Winter Service. we were not happy with the 2016 Winter Service at all.
Regards
Alan
The gradual loss of service quality , the increase in prices, plus lack of follow up to queries was one of the main reasons we moved Thunder North in March. I remember speaking to Malcolm this tine last year when fueling and pumping out and him telling us that they would be shutting the fuel jetty earlier and wanting to tell him that at our AGM the following month we would almost certainly be voting to move. Nothing since has caused us to regret that move.
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7 minutes ago, grendel said:
The only problem with this is that according to statistics we are overdue for a further ice age.
Ah but perhaps Anthropocene Climate change has helped delay this ? Maybe if we ever hit Global CO2 reductions the new ice age will hit extra hard (by ice age standards)
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There is also the "rebound" effect on the land as the Glacier melts. For eg Scotland is ever so slightly "rising" as its Highland glacier/snow cover melts relieving the weight of its downward pressure on the crust , and in turn the UK tilts with the East driven "downwards" into the sea and so getting a double whammy !
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2 hours ago, Matt said:
I’m not going to lie- I don’t like looking at these pictures.
Been home 9 days now and really disappointed to see that the great weather has continued after we left!
Good to see you are having a great time though :-)
Having moved Thunder north from this year we did not see ES this year but looks like she is getting plenty of use!
Sent from the Norfolk Broads Network mobile appMatt, the good news is that the warm weather is with until October so those of us with an 8% share get a decent Autumn week too :-) Great pix and looking forward to early Sept
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15 hours ago, MrPlant said:
Once again many thanks for all of the very useful advice. At the moment the 2 which are standing out to us for our requirements is Thunder & Evening Shadow, both moored in Horning, both on the larger size and enough berths for us the kids & the grandparents if we all wish to go away together. Does anyone know of any other similar syndicates apart from these 2 in the Northern Broads? Silver cloud looks lovely but just not enough berths...
I feel a visit with the full family is needed to see which would be the most suitable.
I see Evening Shadow has 1 share for sale & thunder has 2 shares for sale. Could anyone point me in the right direction as to who owns these shares? or is it best to speak to the chairman of each?
Shaun, I,m Chairman of Thunder so feel free to PM me with any queries or can have a chat if you wish. Thunders turnaround day is Saturday so you would normally be able to have a look then and could be set up in the morning with the owner coming off, or alternatively BCBM have a guy who can show you around at that time if the owner needs to get away. Currently there is one share for sale.
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Shaun, Matt has beatem me to it on the other items , but ref cleaning, this is inc in the fixed annual costing.
Thunder had been at Brundall since the syndicate started, so this is the first time she has moved. Unless owners are not happy with Ricos or the site it is not likely that we would wish to move back, and this is for the same reasons (all in all) that we left. The "home base" is however an item on the AGM each year so technically we could be at a different base each year but in practise the Syndicate boats do not move very often, and it only comes up if owners have an issue. If you do have any other questions just let me know.
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Hi Shaun, London Lad/Andy has answered much of what you were asking about but just as an aside we on Thunder are currently having our engine replaced at Richardsons having voted to move base from Brundall to Horning this season. As far as the expense is concerned, anything that is suggested/needed gets discussed at the AGM , voted on and provisons made. In this case we first discussed the engine issue it at the 2016 AGM and voted to set up a reserve fund so that members increased their monthly contributions for a period of time to cover the majority of the costs that we will now incur this month. We currently have a share for sale as you may have seen from the BCBM site and if you do need any info pls just PM me. The engine is currently being fitted over these two weeks which is also our WM so any share purchase from anyone now would be after completion.
Valet cleaning on board is done each week at turnaround time by a cleaner employed by BCBM
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Hi Allan, yes indeed and my first sentance may not have been clear. Because BCBM are not the registered owner is the reason why they dont pay the Tolls directly ( as another poster was suggesting) I should have perhaps said "..and because BCBM are not the registered owner the Toll demand is actually instead addressed to whoever is from the Syndicate :-)
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..and because BCBM are not the registered owner (to whom the Tolls are addressed & sent) £616.80 for Thunder this season, up £18.72 or 3% . Equates to £1.48 additonal per 8% or equivalent share holder, or more importantly £49.34 per share overall.. taking Sues point earlier.
Cello Android Tvs
in The Broadscot Lounge
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As like Alan we do too having bought it this season, no issues with Pic quality at all. Sound is not brilliant (as you would expect from a small flat screen) but more than adequate on board. Very simple to use and also has built in DVD. For £150.00 I wouldnt complain.