Member Info for Kaeren

Calm yourself Stokey12, nobody suggested madness.

😆

I have, can see 17 reactions but no comments. Perhaps I'm blocked by the person.

I can't see any comments ?

Very rarely read ADVFn but did about an hour ago. The main thrust seems to be JW was lying at Mello. I view it entirely differently. I have not doubt they had a deal on the table but as no immediate cashflow issues which would impact current commitments, when the unique opportunity presented itself , 100 guarenteed loan ( no doubt ongoing negotiations at the time of Mello , these things don't materialise overnight)

JW took the sensible decision to follow it through to its natural conclusion. I am perfectly fine with that decision, I am not in a position to judge if the cashflow is sufficient and therefore will assume that it is , otherwise he would have gone with 60 % guarenteed or 80% guarenteed or whatever the deal he had been working on.

Unfortunately we will now endure a period of calls for placement required etc. As Rhett said to Scarlett.. "Frankly my dear, I don't give a damn ( had to endure the whole 4 hour saga at a relatives over Christmas )

I would imagine SeaRose is staged and as a 60 million 3 month project , personally don't envisage any cash issues. As ever time will tell ! I think 2024 is the pivotal year for Harl and will hold my investment, hopefully watching it grow substantially.

Some nice contract announcements incoming in Jan would be most welcome. Happy New year all.

Stokey12 , Simply wall St is never worth reading, be it good, bad or indifferent , the articles are superficial and lack any in depth analysis.

I think JW was considered in the RNS , it was definitely not rushed and just like the 100 % guarentee he is negotiating , I'd bet 100 % that he had to seek permission before releasing that information. There is absolutely no way he would jeopardise the finance deal by releasing information that was not 100 % accurate.

Yes , we now await final approval, but I am very confident and I personally am actually more than happy to wait , as you correctly highlight, the new deal will practically half current interest payments. I'm not suprised it has taken this long to negotiate.

Kudos to JW and Arun for managing to achieve this amazing package.

Regarding what each individual yard will be working on and when, I await further contract news and am not remotely concerned at this stage as 2024 numbers look to be easily achievable.

The only open issue is full year 2023 and at this stage with the news about the finance deal, if we don't receive 10mm / 15mm due 2023 until early 2024 because of how it must be accounted for, then although not happy about it, I can live with that. The priority for me has always been funding and the proposed deal is way beyond what my expectations were. In the interim lots of FUD will be posted.

Not all required steps have to be run consecutively , some will be concurrent.

Off to the pub !

Disagree 100 % , the banks making a decision is a done deal , it's 100 % guarenteed, timing ! Looking at the negative slope of interest rates and this will be floating as previously highlighted !!!!! JW and Arun have played a blinder imo.

Exactly, think what size contract would be required to generate that income and we have effectively been handed that every year for the next.....

Lovely 😍.

I don't actually care what SP does today , this long term hold for me is now massively derisked and she'll find her level and it won't be 14p !!!!

Throw in new contracts now as they are announced and we are off to the wacky races.

# PenelopePitstopon steroids

I think today's announcement will have shocked many who have constantly maintained that UKEF will not provide any loan facility to Harl and have constantly harped on about assets hocked to Riverstone. As expected and as I and others have posted, those charges will be paid down and new ones issued . A no brainer.

The amt guarenteed is remarkable, it has ministerial approval and it sounds to me that it is a timing issue of when and not if.

I would imagine that the Christmas period has extended negotiations and we will see this come to fruition fairly quickly now.

Personally very pleased with the news.

Exit shorters and expect lots of noise whilst they do.

Very good news , better than I had hoped for !

Onwards and definitely upwards !

Aim, I firmly believe deal incoming and soon, the issue is with missed target dates. I hope the lesson learnt is to understand sometimes it is better to say nothing at all. However I personally feel that if he ends up with a cracking deal and a large percentage guarenteed, then it may be clear as to who was responsible for the delays and it may well be the case that he has been reliant on inf fed to him.

What H&W have achieved since start up is actually quite incredible, it has unfortunately been overshadowed by ( understandably) constant talk of will they obtain a new finance package. I fail to see how once it is announced , providing it is substantially better than the current package , how it will not instantaneously have a marked positive impact on the SP.

Right now we are all aware that without a new much improved deal that the company will ultimately cease trading. Frustrating though it is waiting, I look forwards to hearing nothing further on the topic once the deal is announced and discussed.

The fantastic SeaRose win , the further Cory win all had little impact , the primary focus has been on finance. So until it arrives I too shall cease posting , no point. Hopefully you'll all hear from me soon.

Happy new Year all.

I'm not interested in point scoring re other shares. Nor right now do I give a flying fig about tugs or Austal , I just want Financial package over the line , got my abacus's out, come on JW let's be having it please !!!

Crank up the RNS machine, you know you want !!!!!

Some on here need clown suits.

Whilst recognising it is good publicity, it is undoubtedly a positive for all impacted and admirable it can be facilitated at such short notice IMO.

Perhaps Harl can fix their ship too ;););)

Wish some of the 'comers' were goers '

;)

At first glance it appears odd, but as I said to you yesterday, re the offer and ultimately achieving what he wants, there is more than one way to skin a cat. So no offer and abracadabra we have a ferry. I'd practically guarentee he hasn't broken any rules re RNS's on this one. Think outside the box Broomtree.

For what BP ?

I would have been suprised to see anything at companies house. It takes time to change details , I think both the ferry purchase and KMS will have had certain considerations that needed to be satisfied before progressing ( the finance deal , the none acceptance by IOSSG) but broad brush yes the RNS covers the basic inf.

Yes Scaffman good point , would you like to avail of the 90 minute service or the the more expensive 165 minute one. 🤔

🙄