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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.
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?