RE: Debt repayment16 Jun 2023 15:29
Hebridean seems to be stuck in the past. Mind you thats not surprising as the Horse and Trap is
the fastest form of transport in his Neck of the Woods.. Although he was probably born in the first half of the 20 century, that is no excuse for not understanding the wonders of modern day technology. Picking his figures apart is easy. Firstly , there is no way HARL will employ 1000 extra welders. The number is ridiculous. Automatic welding machines are being purchased and installed and paid for by the promised investment in the yard. The cost of which , will not be added to debt. A transformation in both productivity and reduced costs will take place , due to the new machinery and Technology Transfer. The Belfast shipyard will be one of the most modern and productive in Europe. On the back of reduced costs , clients will flood in with orders. His mention of 14% is also deliberately deceptively wrong. The CEO has stated the the mixed margins will be between 24-27 %. The operating profit on these margins will cover administration expenses and bring in a profit in the nest Financial Year. If i was Hebridean, i would be more worried about where he is going to live after the Scottish police force the SNP to give the camper van back.