Member Info for Hebridean9

Stokey12 - Current cash burn over £1m / week and Riverstone debt extended to £100m, with £80m debt (as of end 2022) HARL do not have the luxury of time to wait 6 months for the syndicated loan, an equity raise will happen soon.

If the shareholders refuse a debt for equity swop, its lights out.

'Accordingly, our net debt as at the end of FY2022 stood at £82.51million'. Anyone hazard a guess at where the net debt stands as at the end of June 2023?

And, 'The company is in advanced discussions with potential funders (both debt & equity) to raise additional funds'. Read into that the share price won't stand a placing, so the current debt will be converted to equity at a very big discount to the current share price.

Spud - Investors here would do well to read about the demise of CARILLION, HARL is heading the same way. And, yes they had government contracts but it did not save the company from going into liquidation.

There will be share warrants attached to the finance deal.

Bubble2021 - It is share dilution which ever way the money is raised.

dog - i posted on 28th june i previously worked in the chemical industry in cheshire, what is your point *******?

DOG - Your posting is becoming very tedious, just f.ck off. You are probably responsible for the demise of the share price this year with your anal posts.

Bubble2021 - Guess you missed the 'advanced discussions with potential funders (both debt & equity) to raise additional funds'. Sounds like a placing on the way to boost the coffers. Share price will implode Monday am.

DOG - Harland & Wolff's 5 Pillars Of Success 26/06 08:51

You only listed No.1 'Cruising'.

I assume you ran out of positive subject matter to get to No.2?

Xenor - Did Black Sabbath have you in mind for 'Paranoid'?

Trickymatters - Oh by the way, JW announced last week no debt finance until autumn for HARL.

Trickymatters - Still trading but down 51% today. People expecting trading to be suspended.

Trickmatters - Trackwise delayed results and down 51%.

Xenor - Contract news (ie positive) has always been released at 07.00, the FSS was mid morning to tie in with UK Gov release, other than that not so good news later in the day. Read into that what you will.

If there is positive news why wait until Monday?

Bubble2021 - Re 29/06 19.59 - 'one post...see you tomorrow at 7am'. Did you really expect an RNS at 7am? That's normally reserved for companies with positive news!!

Heard today Arnish are looking for a Project Manager with 'extensive knowledge of ship building'. Would be good work for the local community, might even see miserable me as a shareholder again!

UK Investor Magazine reported on 26th June 'Surprisingly, perhaps worryingly, the company is still in the process of completing its audit but expects to issue its annual report for that financial year by the end of this week'.

Exactly broomtree - no contracts announced since March. £10m won't keep the lights on.

Can they train enough welders by 2025, I doubt it.

If there was any positive news to be announced JW would not wait until the end of June, he is more canny than that.

Broomtree - The only positive I can see is the FSS consortium, what was the last news we heard though, the debt facility was delayed and they were knocking down a redundant building at Belfast, come-on, probably the biggest contract HARL will ever receive and they can't keep the shareholder updated. Navantia are training more welders (simple Google search) absolute stum from JW about progress, okay an occasional picture on Twitter, if that counts as a business update.

Hope I'm wrong but Appledore & Belfast may be the only two shipyards to survive under HARL.

Bubble2021 - Chemical Industry in Cheshire - I know an awful lot about salt caverns & gas storage.