Thanks again for the help everyone! I've replaced the two capacitors on the logic board as Budm suggested and the problem is gone. So far it's been running for 3 hours and still no 'shimmer' or troubles with the start up like before.
On a side note desoldering.... pain in the butt. :P The wick I used I guess was too narrow or something because it didn't work out as easily as it showed in the videos online. Ah well. Saved the monitor for basically a few bucks and gained some experience.

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