Member Info for Hebridean9

BT - BlairPeach mentioned a few months ago (around the time of the fire on board the Searose) that the ratio of yard employees to outside labour was about 1:10

I can't help thinking though it's more of a docking exercise similar to the cruise ships with limited input from HARL's own employees and not much margin from the contract.

Bubble, good luck with the Wi-Fi, happy to be filtered if it floats your boat, unlike the sinking share price.

Bubble - Why should I bother to post an informative reply when you have accused me of being sacked from Harl on more than one occasion? Suggest you keep me filtered then you don't have to read my negative views. Your Wi-Fi reminds me of Norman Collier, maybe you should get a new router.

Share dilution on its way, thanks for the early warning JW. Shareholders will see 5p soon.

Garonne - JW has difficulty defining timescales, in November 2022 the financial deal was to be announced in 4 to 6 weeks, some 18 months later nothing has been agreed. Totally agree with being 'strung along' how else is JW going to draw his massive salary if he gets found out though?

You have it one Mary a 'spike', when the 2023 accounts are released the share price will be sub 10p again.

It's not necessarily related to the finance deal & UKEF, it may well be that Riverstone will have the 'asset's as security.

Must be a bargain price now for HARL, £16M and you have a UK shipbuilding empire. Maybe we should organise a crowd-funding exercise, loose bits of change, euro notes from your hols, coins down the back of the sofa & make an offer to the board. For a quick sale JW might accept £15M. And then you wake up from your dream and realise the 2023 accounts are due next month, ouch, they will hurt, and oh yes, the business needs a £200m finance deal to survive.

A good old captain on the bridge at this critical time for the future of HARL is what is needed not mealy quotes on LinkedIn. It just cheapens the company even more when a CEO has to resort to social media to defend press speculation, not surprising to see the share price tumble even more today.

I hope the original founders are not looking down at the current shambles, 163 year's of history being desecrated.

Beg to differ Lottie, with the current inflation rate of 2.3% & the General Election now announced it is looking like August before an interest rate cut.

Stokey- I think you will find before any political parties approve the guarantee that Riverstone will have to take some debt for equity. Not much wriggle room with the current share price, but why should Riverstone sail off with £90m and the new funding bank(s) have to rely on UKEF for the guarantee?

As regards Ben Murray, as good as he was, there will be such a churn of MP'S at the election his previous standing will have little influence on future policies.

As failures go you take some beating DOG.

Understand the Captain of the Scillonian gave five blasts on the ships horn when the General Election was announced. If JW had not been so pig-headed to take on the IOSSG the 'new finance' deal might well have been signed & sealed already. It definitely looks like the good ship HARL is heading for the rocky shore now.

Bubble - for your benefit I have addressed the subject & opinion as STRONG SELL. Or could that be a typo?

Chrisatrdg - Let us see what the 2023 annual accounts show and 2025/26 forecast before mentioning profits.

I'm at a loss how HARL will afford the repayments on a £200m loan. The current Riverstone deal is 19% interest on around £90m owed, even if the 'new' deal is 10% interest its for more than double the amount currently borrowed, simple maths says HARL cannot afford to repay it. The interest on the current Riverstone deal is added to the outstanding balance as HARL cannot afford to make monthly payments. They will just get more out of depth and drown in unsustainable debt. Probably why the banks are UKEF are reluctant to agree a deal. I doubt very much a viable Plan B is on the table. Riverstone will take debt for equity as a last resort.

Nobby31 - What price success? What price will the shareholders have to pay though? Cineworld springs to mind.

Kaeren - Is it acceptable for the CFO to be posting on social media when talks are scheduled for today & tomorrow? The talks could make or break the company and the CFO has come over all 'flowery farts'. Something not right here.

jw is the same, not a class way to run a company or keep shareholders updated. don't forget these guys are on a salary of £0.5m per annum, yes that's correct £500,000 absolutely scandalous. fleecing shareholders & merrily skipping down the road with *** abandon whilst the share price plummets and no doubt a whole raft of losses when the 2023 accounts are released. hope they are on time this year!!

don't worry though, the scilly ferry money is ring-fenced, these two can sail away scot free while the shareholders are scrambling for the lifeboats.

There was a tongue in cheek post over the weekend regarding JW posting on the Scilly Isles Facebook page whilst eating his cornflakes - We have known for many years he is a 'cereal liar'. The RNLI will vouch for that.

Compoundinterest - No point in taking more cash from Riverstone, HARL cannot afford the current deal.

Stokey - You have me confused here - I have just read the RNS of 21st December 2023 regarding HARL not pursuing the takeover of IOSSG - it specifically states "Harland & Wolff or "The Company" 'continues with its plans to offer a fast ferry service on the Penzance - Isles of Scilly route'. There is no inference that it is a separate company.