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Scattman - Lottie is MALE. Shows how much you know. Prospective candidate for Romford, Reform Party.
Heb Can you Elaborate and Justify your comment -" truth is you fancied a quick buck"
You have stated this as fact so on what factual information or even any sort of basis are you stating this?
regarding Lottie; she is very well respected and so her posts provide good info, discussion and are valued. And if you have read my posts you will know that I am in agreement with her and many others and not all positive about the bod.
It's hardly a surprise is it?... track record of disaster... but we all know that right.
Scaffboy - You make out you know your HARL investment inside out, truth is you fancied a quick buck and your fingers are still burning. When Lottie shows dissent you know it's a very bad investment decision.
Apologies, I did not realise I had to qualify some answers. Maybe you can repeat the questions? Are they multiple choice? If so, answer B all the time, law of averages says you will get a result. Is there one about the CEO lying to investors?
We are about half way into q2 2024. The finance deal that was promised in 2022 is still not here. Not because of an influence that reported an 18 month or more delay, but has continually been shifted month by month and quarter by quarter with still, no end in sight. If that doesn’t signify gross incompetence, then what does? One can offer as many excuses as one likes, closed period, insider knowledge et al but AR’s Harl equity holding is pathetic. He has had ample opportunity to own a half of the company if he so desired. The fact appears that he doesn’t want the shares, end of!
For me, end of June is judgement day, not that anyone will notice unless we all combine and express our disappointment.
Thanks for your thoughts Scaffman. The truth is they have spent between £200-300mm in 5 years. So many targets have been missed. Whilst we are all hoping for £200m revenue, it's still a poor number given 1,200 employees and four big facilities. The company have been at trade shows for several years but still, most of their big contracts are old customers (sea rose and falklands) or the government. Where is the slew of new, decent size customers...why have they not built a ship or trawler??? Why have they not had one green energy order...one green tug order..one green battery order...one aluminium vessel order...its a tosh tosh tosh. They keep venturing out into new areas without actually making one of them viable.
Heb When you start answering questions put to you, perhaps you will then get answers back in return.
Sca
Scaffman - Why hold back the accounts to wait for the possible Falklands contract, surely that would go towards 2024 revenue?
Lottie, You asked for thoughts please, and my thought is that you have just had a bad day!
Rev for H+W on paper has been 15.4m and the latest 25.5m(marginally over) with now a "forecast" of 80m When the UKEF is set at a 25m minimum entry, they have not been able to qualify i.m.o. Do UKEF accept forecasts? I doubt it. also, spent "hundreds of millions" to me implies 200-300m -that's being a tad dramatic with numbers. I believe Finance will go hand in hand with Year end accounts in June(not long now) and the accounts may be held back late until hopefully confirmation of F.lands. As for all the rest i.e. lack of info/communication,lack of cfo buying shares-well we can all agree on that. However; building up a fabrication co./shipbuilder to go from these low turnovers to 80m and then to 200m is just about as fast as it can go i.m.o.
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.
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!
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.