Member Info for Hebridean9

Si-Derman - Even work for ships plying the Irish sea is going to China. Stena Line are having 2 x 147m RoRo Vessels built in Jinling Shipyard, they are destined for the Irish sea system when built.

Not sure where HARL are going to gain leverage to bid for such projects, they need the cash & unfortunately cannot bid lower, it's a catch 22 situation they find themselves in now with an ever expanding workforce, increasing wage bill & high inflation environment.

TDF - That chappie was me - The FSS was not overlooked, I would have been hoping to see more contracts on the table for 2023, BAE have outsourced work to UK yards this year for the Type 26 frigates but none went to HARL - as a shareholder you should be asking why. If JW want's to eat at the big table he needs to get an invite first.

What few contracts that have been announced were small and a 'letter of intent' is not a contract.

Broomtree - Appreciate the reply. HARL are turning into a basket case company, £80m debt and house broker confirming losses for the next two years, pushing the debt figure to well over £100m (plus accrued interest). The recent work and payments due will go little way to keeping the lights on and paying the wage bill.

No new contracts have been announced, those that are current are slipping behind - Cory barges spring to mind, Methil made 120 welders redundant earlier in the year why?

The Astra debt facility is no longer talked about, UKEF is for export finance (HARL have no export contracts) and took a 'loan' out with Barclays Lending in July (it was never RNS'd), I certainly don't read into JW holding out for the best deal, has he had a 'best offer' probably not, HARL are in no position to negotiate.

I would not be surprised at all if a placing is forthcoming at the Investor Presentation next week. Scotgold strung their investors along (no I wasn't invested) just like JW is doing with his faithful followers. As an aside JW has form for running maritime businesses into the ground.

For a company that has been around since 2008 it is still on the bottom rung of the ladder, it's going backwards year on year, what does that tell you about the companies management? Oh, just dilute the suckers more and take the money comes to mind.

HARL is heading the sameway as Scotgold, they ran out of money and options - the shares were suspended from trading today.

The last Primary Bid placing was announced after hours at 17.45 on 22.11.21, just supposing the 16.00 Investor Meet Company Presentation on18.09.23 is used to announce the same. Highly likely considering the perilous state of the companies finances.

As always a less than truthful CEO will be happy to take your money & dilute you into oblivion. Oh, and don't forget IM is spoken for to Riverstone Credit.

Investors would do well to take note of the post by Si-Derman today at 09.34

DYOR.

A few new contracts being announced would be nice to counter all the future fanciful ideas that have been mentioned recently.

LSE03 - Agree the IM judgement was favourable for UK energy storage, HARL do not have a cat in hells chance of developing it though, a conservative estimate to develop the site would be in XS of £500m, money HARL do not have. And, IM is hocked to Riverstone, any sale proceeds would be used to repay the debt. So, it's just a shovel ready project worth whatever HARL can negotiate and pass the proceeds to Riverstone as a down payment on the outstanding debt. This weeks excitement will soon subside and JW will be scratting around for finance to keep the lights on over winter.

IM is not the end of money worries for HARL as some 'investors' would have you believe.

Scaffman - You need to read posts on ADVFN - Broker predictions and deferred interest will mean net debt of £211m by start of 2025. You will be lucky to have a share to follow by then, never mind 47p in 12 months.

HARL are currently haemorrhaging over £1m a week - the Astra finance no longer mentioned, who will refinance a loss making company? Usual 'sweet talk' from JW about running a ferry company, get real, just another publicity stunt before the expected share dilution / placing - not my words it's in the recent company accounts - probably worth a read rather than the crap spouted on here.

Even more vague than the RNLI RNS that was used as a fund raise, watch this space!

Dog - Bad news seems to follow you around, after ramping the hell out of HARL, seeing the share price plummet by 50% & admitting to being over £10k down you are now ramping UOG.

Investors beware - he is a paid ramper, posting from his mum's potting shed with tinnie at hand, his post's get gradually more abusive and incoherent as the day goes by.

UOG posters, you deserve better than DOG.

BGF selling stock plus Begbies Traynor reporting smaller companies struggling with high inflation & interest rates.

Jabido - With the share price falling 30% in less than a week and no RNS with a business update for first 6 months 2023 you would be better aiming your post at JW & Arun who are ultimately responsible for the demise of the share, not Speedy & Spud.

I have posted quite frequently about JW & his imaginative RNS's and I still intend to if I am a shareholder or not. He has form for share dilution, are you happy with you shareholding being diluted?

Bedhead - Unbelievable opportunity? The share price has fallen 55% since the FSS contract was announced. Cash burn £1m / week an equity raise to come and a £70m loss reported for 2022- you are very optimistic I'll give you that.

Xenor - Where does it say in Fridays RNS 80% of the finance deal is backed by UKEF? Think you need to read it again.

Bubble2021 Join DOG in the box. Revenue does not equal PROFIT and the ability to SERVICE DEBT.

Findingtheta - IM is hocked to Riverstone capital to cover an earlier debt arrangement. If IM is sold it would not mean the company pocket the cash.

The RNS on Friday indicated 'the company is in advanced discussions with potential funders (both debt & equity) to raise additional funds'. Is that the reason Liberum Capital were appointed earlier in the year? Share dilution here we come.

My posting history is there for all to see, not sure what you mean 'thank you for finding information out on heb'. I'm done with DOG, he has been boxed, maybe you could inform him. Oh by the way, he really does need help, as a friend maybe you can hold his can while he takes a drink, he's slobbering over his keyboard and making even more spelling mistakes than usual this evening. Thanks.

DOG - The list goes on, you have me down as a thief now!!! While you post untruths I will wind up the HARL rhetoric, you and your ramping pals haven't a clue. Every post from you is worth a retort from me, go away and so will I. By the way I'm only 5'8" does that make me a shorter? I have a 50% chance of you disappearing.

Xenor - You posted on ADVFN the placing talk is nonsense, you now admit it may happen .

Yes, companies do take debt on, those that want to thrive make profit to pay it back though. With no news on new contracts, update on existing contracts and the payroll getting out of control HARL are in no position to service the debt. UKEF won't offer a penny to a company with no new contracts, late delivery on existing contracts (cory barges) and the workforce increasing by another 50% for the FSS - it does not add up. Do you run your household budget like HARL? Hopefully not as you would soon be bankrupt.