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Lottie123 - Guess the truth hurts!! Surprised after your illustrious city career that you need to invest in penny stocks.
Wyndrum - If the company fails it does not necessarily mean mass unemployment, the administrators will look to sell the business & its workforce to new owners. It is the current shareholders who will come away with nothing.
MayAnya - I beg to differ, HARL is technically insolvent, why would the government step in? They have got themselves into this mess (as do many other companies) it's not up to the government to bail them out. The most likely outcome is a punishing share dilution, if that fails your shareholding will be wiped out. Don't be fooled about waiting for the best deal to come along, it has not arrived in 12 months & there is a reason why it hasn't.
Bubble - Have you been on the pop - Isle of Man Steam Packet ie Heysham & Isles Of Scilly Steamship Group are two entirely different companies. Two people recommended your post - beggars belief!
Another gem from JW - Why issue an RNS for work that has already commenced, something very fishy here, what is the equivalent of the RNLI in the USA!
LSE03 07:17 - Why does the contract qualify for UKEF funding? The work is being carried out in the USA by a HARL subsidiary that is based in Florida, nothing to do with the UK.
As an aside the 'rinse & repeat' cycle is kicking in, the buyers at 11 - 12p will now be offloading their stock.
Far from it Bubble, I applaud HARL and the number of employees it now has. I just doubt the current company debt can be serviced, lack of contracts for Scotland and no news on the finance negotiations will have dire consequences on the share price. JW & Arun will happily run the company dry and pick up the pieces for a pittance when it goes tits up.
Arnish has blossomed in recent years, taken on apprentices and the old BurntislandFabrications is in the past, but its needs good paying long profitable contracts to have a future. Methil made 120 employees redundant earlier in the year, it struggles with worker relations under JW and lack of contracts may bring it's demise nearer.
The off-shore wind industry that was to be HARL's saviour in Scotland is being punished by high interest rates, no interest in the latest government auctions and they have to compete with Global Energy Group at the Port Of Nigg who are a much bigger concern.
Consuela - Worse to come, when the finance deal is announced the share price will plummet with the dilution that comes with it - check SOUC.
Stokey12 - Value is actually 816 - proves I actually READ & UNDERSTAND posts unlike some that just skim and post stupid replies without any foundation.
Scaffman - The 'tangible assets' are hocked to Riverstone to cover debt, hence the struggle to arrange new finance. HARL is currently a basket case and not for institutional investors. Debt projection for beginning of 2025 is £211m - check the house broker forecast. Have to agree 'cheap' but not 'credible'.
AimMaster2018 - Eleven months later & still waiting for news on the debt consolidation. The master of the dubious RNS's looks too have struck again. Maybe he is after subbing a loan from the RNLI.
More like JW is the slippery one with his previous dodgy RNS's.
DOG - I have knowledge of UKEF with Scottish Salmon Exports - HARL do not currently meet the criteria.
LSE03 - I understand it as UKEF will not come onboard until outstanding debt's are settled. Existing lenders may consider a debt for equity swop to alleviate the chasm that currently exists in HARL's finances.
Aye up me old mucker DOG - You still hassling the night shift security at Belfast?
Expecting one in Peckham as well. This outfit gets more like 'Fools & Horses' everyday.
Announcing the new finance deal and some big new contracts would be better than brown nosing around Party Conferences.
just been catching up on the day's aim news, quote of the day has to be 'let this be a lesson learned never to invest in a crappy little aim share that has a mountain of debt'. the company concerned have suspended share trading and are appointing administrators.
i hope jw has some good news to announce for the debt finance deal before the same happens to harl. must be running out of time now nearly 11 months after a **** sure finance deal was first announced. good old john, loves stringing em along.
Stokey12 - The figure of £1m profit is EBITDA - The losses still apply - Cenkos report 8th September 2023.
Xenor - Where do you get your figures from to substantiate breaking even next year? Just curious as the house broker is expecting a loss of £24m for 2024. By the end of 2024 the accrued losses will be approaching £120m. Are investors really comfortable in a loss making company?