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Xenor ( as usual ) has failed to understand the underlying reason for Broomtrees post. He was non supporting keeping the BOD in place , but simply trying to accentuate the shareholder dissatisfaction. As they say, with Friends like Xenor, who needs enemies. PS. Xenor, which Poly did you go to.
Broomtree, glad to hear that you are a moderate. It is rumoured that you , through bad investing have lost more than 60% on HARL. I am fascinated to try to understand, as a non shareholder and taking your investment record into account, why you keep on posting. Most people would be highly embarrassed,
Have to agree with Broomtree (for once), changing CFO or CEO right now would be a terrible idea.
It could completely derail or best case delay the finance deal even more.
Once the news is out that we're waiting on people will stop being frustrated and these comments about changing the BOD will disappear.
But as shareholders we absolutely must push for better updates. This is unacceptable and has been mentioned many times on here. Last trading update was September... 8 months ago. What has happened since then? Are we only getting updates in June and September with the annual and half year accounts going forward? I like to think JW is holding off on one until finance is sorted, and that finance is taking longer than he expected. But who knows.
As someone accused of negativity (I would argue reality) I feel positively moderate! With a large contract due, a finance deal that’s taken nearly a year and a half thus far and an important court judgement….. You want to create shareholder unrest issues to change the two guys at the top?
I’m no fan of either but give your heads a wobble, there’s a time and a place. You think this will help the share price? Ha ha
Lottie123 ref 17.20 post So we could get a motion on the agenda but do we have suitable replacements as if you put the motion up and pass we want to make sure that four or five years later we are not in the same place. If I can lay devil's advocate for a moment. Why are we talking about replacing JW and/or AR is it the strategy or the execution of the strategy. We need clarity on that. I agree that the communication with shareholders is not good and needs to be improved. I also believe that execution of the strategy may not have always been optimal but I am of the view that removing JW and/or AR may not be wise at this stage. I would suggest waiting to see what the annual report and accounts says and if there is no comprehensive trading update at the same time revisit the issue.
Stokey. From the LinkedIn posts of the last two years, more effort has been put into award winning than contract winning. Only the latter pays the bills! As for 5%, I asked the question back in December and was contacted by shareholders with collectively, over 10%...all disgruntled back then.
Typo, CFO.
Having seen Arun in action, cant say that i have been particularly impressed. However, my view is that as a Government Agency is backing the loan 100% ,then it doesn't really matter. The Government is 100% behind HARL and the Bankers will get 100% of their money back ( and a lot more if they do the deal). The previous two facts are the things to consider. On a side note , this period reminds me of the time when a great investor chided people for moaning when the SP was10p and then rose over 50% in short course. Cant remember the chaps name.
Stokey, thanks for posting nice to see harl pick up some awards
Caravan , hold fast news can’t be far off imho
If any attempt to make changes amongst Senior Executives we need to ensure that we have suitable replacements. It is worth noting that JW joined after a previous shareholder revolt. We need 5% of the shareholders by shares to put a motion on the agenda for the AGM. Do we have enough shares to get a motion onto the agenda for the AGM. Also I would caution against proposing a motion unless we are sure that the motion would pass and we have suitable replacements.
The finalists for the Maritime Awards have been released and can be found on this link https://www.linkedin.com/feed/update/urn:li:activity:7193982042970144768/ The list is as follows
ANNOUNCEMENT: Maritime UK Award Finalists are now out! 🌟
Maritime UK are delighted to announce the finalists for their 12 categories, showcasing the maritime industry.
Thank you to everyone who entered, and to all of our judges. Check out our finalists below!
Bevis Minter Award Sponsored by Nautilus International
🏆 City of Glasgow College
🏆 DFDS
🏆 Fleetwood Nautical Campus
Business of the Year Award Sponsored by Liverpool John Moores University
🏆 Port of Aberdeen
🏆 Port of Blyth
🏆 Peel Ports Group
Clean Maritime Operator Sponsored by Artemis Technologies Ltd
🏆 Port of London Authority
🏆 Peel Ports Group
🏆 Portsmouth International Port
Coastal Powerhouse Award Supported by Department for Transport (DfT), United Kingdom
🏆 Belfast Maritime Consortium
🏆 Cornwall Marine Network
🏆 Harland & Wolff
Diversity and Inclusion Champion Award Sponsored by Stena Line
🏆 Seas Your Future
🏆 Thames Skills Academy (TSA)
🏆 Women in Boatbuilding
Employer of the Year Award Sponsored by Harland and Wolff
🏆 Carnival UK (P&O Cruises & Cunard)
🏆 CMA CGM
🏆 Port of Blyth
Future Skills Award Sponsored by Trinity House
🏆 BMT, HydroSurv and South Devon College
🏆 Harland & Wolff
🏆 Maritime UK Solent
Technology and Innovation Award Sponsored by Port of London Authority
🏆 Artemis Technologies
🏆 Polysorb Group
🏆 Robosys Automation
International Trade Award Sponsored by Invest Northern Ireland
🏆 BAE Systems
🏆 Fluechem
🏆 Ridgeway Rockbags®
Rising Star Award Sponsored by Royal Navy
🏆 BAE Systems
🏆 Bibby Marine
🏆 APCL Group
SME of the year Sponsored by BAE Systems
🏆 Artemis Technologies
🏆 GT Green Technologies
🏆 NASH Maritime Ltd
Start-up of the Year Award Sponsored by Safetytech Accelerator
🏆 Just Be Maritime
🏆 Seabound
🏆 Sustainable Sailing Ltd
Xenor. He has used that excuse you a couple of years. Don't forget, he even enjoyed a £1m bonus at our expense. He must either step up to the plate or quite frankly, go!
A bonus of that magnitude and still no sign of profits on the horizon. We have been asleep for too long. The AGM is not far away.
As for Arun, he has no excuses for not buying more shares in the past but currently with finance as far along as it is I suspect he is unable to buy more until that deal is announced.
Yes Lottie123 and Findingtheta.... I agree... What a carry on this is....The brakes are permanently on the share price because there is really nothing to drive it foreward... For those not invested here I would say steer well clear until the sandstorm has completely cleared.. But perhaps it's going to be one of those "nearly companies"... Time will tell.. (Do your own research folks and good luck.. 😕)
Frustration clearly building amongst shareholders as the financing drags on. I'm getting ever more frustrated myself. Like why is it taking so long? I suspect the timing of the deal closing is largely out of their hands since they are dealing with third parties, but some kind of update would be appreciated. Apart from the big contract announcement that we're awaiting confirmation on it feels like it has been silence for the last 6 months.
When I was researching I vaguely recall reading other posters being dissatisfied by AR’s performance. JW is alleged to have responded by pledging his allegiance to AR, viz, no AR, no JW. I surmise that it would take a complete coup!
LSE - You've clearly lost the plot the discussion was on Navantia UK building warships? No one mentioned or implied unravelling the current FSS contract which was international in its tender?
AR would be my first target, as I’ve propounded in the not too distant past. For me his apparent performance is abysmal.
Let's not sell out but use our collective shareholding to force either a departure or salary cuts at the AGM. Let them feel the pain that I have endured for 4.5 years of failed promises.
Arun has taken a few £million without putting his hand in his pocket to share the dissapointment of shareholders. He has totally failed with the financing which has been promised for 18 months. Six months ago they threw us a bone that UKEF were on board. This is beginning to smack of total incompetence on his part.
I’m prepared to support until the end of June, currently. By then I’m expecting a lot of dust to have settled and a new clarity revealed. If a sandstorm still obliterates my view I’ll support any rebellion or simply find a new home for my investment in Harl, including my very slim pickings.
I hope the BoD are enjoying their fat salaries which are only avaliable because shareholders have been patient with them. They have, over the last few years, employed a raft of business focused people but their is little to show. They have spent a few hundred million but still we sit and wait for regular updates on new business. They have ventured into a totally new area of business without any information as to viability to shareholders. I am beginning to think we are close to a shareholder rebellion where either jobs are on the line or sizeable salary cuts are in order.
They cannot keep treating us in this way without recourse. Thoughts please.
"the issue with Navantia is that its government owned within a country which we have a dispute with - Gibraltar"
Who is suggesting that LSE03 ?