Member Info for Hebridean9

Kaeren - Re 10.32 post today - If the FSS contract is so transformational for HARL why has the share price dropped 50% this year?

You mention the company struggling during the pandemic, the share price which was actually higher during covid than it is now.

So much for Xenor and his 'forward looking markets' I guess the markets are not liking what they see.

Rest assured if IM is sold the 'special dividend' will only benefit JW & Arun, not the poor suffering shareholder. TDF quite obvious you are only a recent HARL shareholder, the long term holders will confirm the top monkeys are only interested in fleecing the shareholder for every penny. You really are wet behind the ears.

Unsure about 'vastly undervalued' I don't see big institutions clamouring for a piece of the action and they will know the value of a company much better than your 'pie in the sky' ramping post's. Back in your cage TDF.

I will sit back and wait for the personal insults now as that is your only form of defence & yes I have a big manhood, care to take a bet?

RichardMcv - Just been reading HARL posts from November last year, share price was 26p. JW very good at stringing investors along but not offering anything back in return. A near 50% drop in share price since the FSS contract was announced takes some beating.

Bubble2021 - Your post makes no sense as usual. If you filter said individual how will you know when / if they ramp the share?

Xenor - I post information as I see it, it is not financial information to buy or sell. It would be naive to sell on reading a post here. Investors need to do their own research and decide. You never moan about the ramping posts if they are ****e.

Caravan - Have to agree with you a 40% decline in share price over 6 months is not painting a rosy picture. Possibly plenty of upside potential, but also plenty of downside if the JR is negative and the long awaited Astra deal is high cost to the company (I get the impression investors think the money comes as a handout at 0% APR).

Plenty of time to jump onboard yet.

Xenor - You seem to have a problem with people selling shares, maybe you should get into there habit of trading more frequently instead of complaining when the share price tumbles. Please stop whining on.

The only way to make money on AIM is to trade with the news - no news and the share price will stagnate or drop - just as is happening with HARL.

TDF - No McDonalds in the Outer Hebrides to answer your post. No basement either, a glorious house over-looking the Western isles coast. And, no universal credit, I am happily retired on a good pension. Hard work paid off enabling me to retire at 51. Just glorious thank you.

Xenor - You are becoming paranoid - chill. My ramblings will not affect the share price and you know that, ONLY a positive trading statement, new contracts, confirmation of the Astra deal (assuming the terms are acceptable) and good news on Islandmaghee will move the share price north.

JW gave his spin recently with the investor presentation and that failed to move the share price. Institutional investors have no interest in HARL until they are showing a profit on the balance sheet and looking to pay a dividend in the near future. For christ's sakes a 6 month wait for a finance deal that was meant to be announced in 6 weeks will set alarm bells ringing without my inane post's.

I note over on ADVFN people are calling for Malcolm Groat, the chairman to move over, maybe they have good reason to ask for that, the HARL ship is sailing very close to the rocks at the moment. I doubt the RNLI will be around to assist either (long term holders will understand).

Rusty58 - A a HARL investor are you not questioning why the proposed Astra finance deal of 9th November 2022 that indicated financial close in four to six weeks has not been completed over 6 months later?

Maybe your name indicates how you look after your investments.

HARL announced via an RNS on 9th November 2022 the proposed refinancing deal with Astra Asset Management. A new charge on the company was placed on 9th March 2023 by Riverstone Credit Management for $100m - why was there no RNS announced? Is the finance deal with Astra floundering?

The initial Cory contract of 1st June 2022 was for the construction of eleven barges with the build ending by Q2 2023, last news posted on here I seem to recall the second was completed and awaiting delivery - any further news on the remaining nine?

As mentioned yesterday by 'broomtree' HARL really do need to up their game reporting standards and business updates.

Investors question why the big funds are walking away - tranches of 50k & 100k sells again on Friday - I think we know why.

Allianz, Killik & Kave certainly knew what they were doing in selling up.

Smithfields - If you mean the gas caverns they still contain Sodium Chloride in solution.

M_Night: Quote 28th Feb 2023 HARL 50p in March seems doable. No doubt todays post is hot air as well. Talk about ramping. TDF has competition.

Rusty - I have been invested in HARL. I will invest again when the time is appropriate, at this moment I have to say I doubt I would get a decent return on investment. Investors don't do enough research and believe all the ramped hype that they read. The share price may well spike on good news, but it's not able to sustain the price moving on and slowly drifts down. Suffice to say its down 40% from the FSS announcement, it will spike if the JR is positive and again when (if) the finance is arranged but will trickle down soon after. It's not currently investable for me, too many unknowns, but I live in hope that one day I will be able to support my local Arnish workforce again with a shareholding in HARL. Hope that answers your query.

Infrastructure will take 2 years alone, the limiting factor to the creation of the caverns will be the amount of brine that can be extracted annually and pumped into the sea, this will be a licence requirement and no doubt enforced.

(I used to work at the Stublach gas cavern facility in Cheshire so understand some of the limitations to getting a cavern up and running.)

Mantanya100 - What facilities do HARL currently have for gas storage? Even if the JR is positive it will be around 5 years before the caverns would be available for storage, JW said 'it's a shovel ready project' and that's all it currently is.

To be honest it probably has more use to store Hydrogen as the UK intends to be fossil free for energy production by 2035. Hydrogen storage though would mean another application or licence approval & that may mean another trawl through the courts.

Not too sure about what monies are coming in that HARL have to spend over and above wage bills and keeping the lights on, let's wait and see what the year end results for 2022 are when they are announced, I suspect a very large negative figure.

The finance is crucial to the future of the company and the longer it drags on the lower the share price will drift, forget all the hot air about getting the best deal, the credit providers are pulling all the strings and will dictate the terms and probably more share dilution if warrants are attached.

The key part to the FSS contract is to train up 1,000 welders in 2 years, Navantia are getting the ball rolling with some being trained in Cadiz, but it is one big ask to source that number in Belfast & Appledore.

My usual negative take on things, but this is still a very small value company that is eating money and not likely to be profitable for the foreseeable future, it spooks large investors who can comfortably get more reward in better qualified companies, it is an AIM stock after all.

DogFarther - With your history of backing HARL and the share price tumbling 40% in 3 months, Wood Group could soon be under £1.

DogFarter - is it ever possible you can contribute without personal insult? I note some GENUINE & KNOWLEDGABLE posters no longer contribute to this board because of you anal posts.

Strange how negative views of HARL are not tolerated on this board, but 'cat calling' BAE is acceptable.

HARL mentioned on Citywire this morning. Allianz manager Richard Knight sold out of HARL in January regarding it as a difficult investment over over their three year holding period. 'With a finer balance of risk & reward going forward we took the opportunity (after FSS contract announcement) to exit'.

Jim62 - Marshall Wace are shorting NatWest Group and also five European banks, probably why the share price has not moved ahead with the other UK banks.

10p paid 2nd May 2023.