Member Info for stokey12

With no sign yet of the accounts I note that most of the intraday losses have been recovered. So are the accounts not as some of us have feared. The other thing did the JR go well. If the JR did go in HARL's way then if the caverns can be built in such a way as to not need a marine license or a construction license then that would put IslandMagee back in play and would possibly justify a short delay in the accounts. The previous three month extension to file the accounts was in 2022 if I recall. HARL did not use all of that extension. In that case it was due to issues with the auditors being able to complete the audit. That particular period covered the purchase of Arnish and Methil and was just after COVID. In this case if it looks like IslandMagee is going to be able to move forward then that might justify an extension as it might remove an impairment on the accounts.

ForrestGump ref 15.44 post With all due respect that is absolutely wrong. Aside fromm the factb that they would be in breach of contract the shares trading or not trading does not cause the company to cease. Even if the sares were suspended the company will still exist and would still be trading. Moreover, except for the employees who actually have shares in HARL and probably not all of them I doubt that they are that bothered about how the shares are doing.

Just seen this update on LinkedIn https://www.linkedin.com/feed/?highlightedUpdateType=SHARED_BY_YOUR_PAGE&highlightedUpdateUrn=urn%3Ali%3Aactivity%3A7212434469113266177 The post says

🌟 Something new for H&W Arnish 🌟

H&W Arnish completed the weld procedure this week for the current Subsea project under construction at the Yard.

The material is A694 F65 (Carbon) with a 4mm internal clad of Inconel 625 on a 6" pipe with a 20mm wall thickness. This infrastructure will operate at a very high pressure of 6250psi, highlighting the incredible skills of our workforce.

It's great to see the upskilling of our team to deliver these complex projects and Arnish being recognised as a centre of excellence in Subsea Infrastructure.

A big thank you to our hardworking team for their exceptional work.

If I have got the linik right thee are some photos as well. Not sure what the technical stuff means. But this answers Hebridean9's question in part. The client in this case has entered into a five year Master Services Agreement with Arnish so there is long term contracts coming in albeit slowly. With this contract plus FSS there is work going into the 2030s which is longer than the length of the loan if I remember whatis being looked at.

Ilovesushi ref 13.41 post I do not see how such a fundraise would work at 5p you would not be able to raise any funds in sufficient amounts to be of any use.

As it is Friday some light relief. There is this that has been posted on LinkedIn https://www.linkedin.com/feed/update/urn:li:activity:7212432178213724160/ The text says

Lucy ToddLucy Todd Key Account Manager (Cruise & Ferry)

11 minutes ago

'Showing this little one the maritime sights of Belfast before a cinema trip. She was super excited to see the cranes at mummy's work and the ship...not so excited about the impromptu photoshoot'

Not sure which ship that is in the background.

Kaeren ref 11.21 post while I do not dispute the importance of getting the finance sorted as I believe from a post I recall seeing that some investors are holding back until it is sorted. I do not believe that it is the only things. For instance there is the issue of the drumbeat of work going into the yards to service the debt. By this time I would expect that there should not be large gaps between vessels arriving after a vessel leaves. We were told that there are other cruise ships cominng in this year I can see no indication of this.

Saoirse12 ref 10.23 post If I recall correctly this is going to be a rolled up permission and substantive hearing. This means that the judge will hear the matter both to decide whether to grant permission and whether to grant the judicial review. If HARL wins on this Judicial Review I am not sure whether the utility regulator would appeal. Also if they win it might make it easier to have a joint venture to move it forward.

Tiredhands ref 17.23 post thanks

Tiredhands ref 16.54 post do you have a link to the report from behind the paywall.?

Si_Derman ref 12.48 post I see you have done what I have done once it is in fact going into QQ.

Chitta123 ref 12.09 post why do you say that?

Si_Derman ref 11.18 post true there are so many other things it could be.

Chrisatrdg ref 11.09 post hopefully we will get an RNS confirming what was agreed. The SP does not give much hope for anything good having been agreed.

Ref my 10.41 post I misread Si_Derman's post today is the Court of Appeal hearing to decide the remedy following the appeal being allowed. I assume that the drop in the share price is based on the logical assumption tha tthe marine licens e will be quashed.

Si_Derman ref 10.35 post thanks so it is the JR by HARL over the decision of the Utility Regulator that a construction license to build IM. I am relaxed about this action.

I have forgotten which hearing does HARL have today?

Bubble2021 ref 09.25 post there are very few people on this board who I believe without checking what they say.

Hebridean9 ref 09.05 post I have seen nothing to support this. True last year it was published after hours but it does not follow that it will be done after hours this year. The delayed 2022 results were published at 7am about a month earlier than the agreed deadline. I do not see how publishing the results after hours would protect the share price as specualtion woud cause the share price to drop anyway.

Ref my 07.21 post that should have read 'having read the judgement' not the license.

Reflecting on the hearing to decide whether to quash the Marine License as aresult of the Court of Appeal allowing the appeal I wonder why the Court of Appeal did not immediately quash the license. Having read teh license I would have expected a quashing order to follow. So I am waiting with anticipation to see if the Court of Appeal will exercise its powers under S.1 of the Judicial Review and Courts Act 2022. This provision can be found on this link https://www.legislation.gov.uk/ukpga/2022/35/section/1 If it does the Marine License would still have effect for the period of any suspension of the quashing order. I could see the Court of Appeal suspending the quashing order for a period of time for the executive to consider and make a fresh decision.