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Has anyone kept track of how many 10s of millions, JW and Arum have got through since they ruined the company that was INFA?
Takes some doing to spend what must be best part of £150 million in a little over 4 years, to create a company whose claim to fame is they have got a govt contract, should they still be in business in a couple of years.
The fact i have never worked out exactly what i made/lost on HARL shows i couldn't care less its about even maybe a few quid up or a few quid down i honestly do not know.
What it has been is a invaluable learning experience, as i now realise without inside knowledge and for the most part AIM is akin to sitting at the roulette wheel.
I honestly cant remember exact amounts (circa 3k ish initially), it was a punt that could have realistically been a multi bagger if IM got the go ahead before the shipyards were bought.
Some share i make a profit on, some i sell at a loss, either way i don't get excited or upset.
I post about HARL, hence my posts are as valid as anyones. If i start posting about where people live then i should be banned.
My view is this company share will spike if IM gets the go ahead, and if it does IM should be sold to the highest bidder to pay down the debt.
I have also worked at H and W on occasions, and sadly I don't believe these 2 chancers will ever turn it around, as all they ever do is borrow or dilute, once they can no longer do either then it'll go to the wall pretty quickly.
I do hope to be proven wrong for the benefit of those working in the yards the HARL own, and the supply companies.
Revenue is vanity.
All that matters to a company with the horrific levels of debt they've somehow racked up, is profit to pay it down.
And i don't believe they will ever make enough profit, to repay debt at current levels, let alone whatever is added on top in the coming years.
The once great prospect that was INFA has been obliterated, to make way for a shipyard that has constantly failed.
I'll hold until the day of the IM judgement, then will sell no matter what. (only got a days worth of wages left in this dog of a company)
I and most others have been well and truly rinsed with this share already, should have pressed the sell button when i was about to a couple of months ago.
Will avoid German companies in the future!
I bought a few grands worth circa 18/24 months ago, so ive well and truly kick had my backside kicked.
Difference was back then central banks were printing like no tomorrow and people desperate to go on holiday again, it looked like it was going to be the roaring 20s for the next few years.
Roll on to April 2023 and buying shares in people going on holiday, when the west looks as if its heading for a recession/depression or becoming further involved in an unwinnable war, doesn't seem to be the best thing to do.
Yes UK renewables will be massive, for Chinese, Indian, EU, UAE companies. British workers if lucky will pick up the crumbs.
Anyone thinking green jobs as the traitors in the LIBLABCON call them are coming to the UK, is clearly not very bright.
Unions are complaining that most the jobs are going to Spain from this contract, and despite being in charge of a very small holding in the company for someone i agree with them
If British companies need Spanish technical help to build ships then hire Spanish staff as opposed to gifting them UK taxpayers money.
Past time the British govt stopped sending billions of taxpayers money overseas to do jobs we "almost" have the capability of doing here.
PS I despise the British unions, just a bunch of useless fks who have been happy to see mass immigration, and the offshoring of industry for 40 years destroy the British working class and their communities.
Im only 55% down now.
If it was just IM project and the shipyards had never been bought, those of us who saved INFA in 2018/19 with our hard earned cash would have made out like bandits.
..... and someone else would have bought the shipyards, they wouldn't have vanished.
What made me buy in 2018 / 2019 (i forget exactly when), was this was going to be the UK's sole gas storage facility, it was such an obvious buy at the time, as common sense dictated no nation would be stupid enough to not have any gas storage (Rough had recently been closed and was deemed unaffordable to reopen).
However, i forget one simple thing, our ruling class have no common sense when it comes to putting the UK first, they'd sooner virtue signal with their braindead claims about fossil fuels being bad.
Anyway, INFA was valued at about £2mln at that time, and could have quite easily 10/20 bagged, thats why i invested.
What stopped me selling was greed, stupidity and being a rabbit in the headlights. (at one point i believe i could have exited with 4/5 times my initial investment, my finger was hovering over the sell button)
Since it become HARL, its been the share that's constantly on the edge of greatness, in a permanent situation of being just a few more months until a game changing contract or Island Magee gets started/ sold or whatever; but then a placement happens. The reality is HARL has been a financial fail for its long term investors, and i doubt most will see what they invested returned.
When i were a lad there were vast numbers of gasometers up and down the country, and no one complained about them going up as they made fuel bills cheaper. IM is under ground for heavens sake, their issue is against putting salt into the sea!
I work in O&G and travel around the world, in Norway you will find the most beautiful locations with shipyards and dirty ugly oil rigs coming in and out. Other nations realise that there is a need for heavy industry and to mine ones own energy, and the countryside sometimes has to facilitate this.
The UK in the 21st century is on a whole different level when it comes to NIMBYism, much of this due to people becoming rich or having a benefits lifestyle funded with printed money and ZIRP, and having nothing better to do with their time. Thats hopefully ending.
Didn't you bet a lot of money 4/5 years ago that INFA would be a success, and if your average price is anything like many on here you'll be down 80% or so. Hence betting a hat is chicken feed in comparison.
Problem with JW/HARL is its a constant case of "this time next year Rodney" , though it would appear a decision is coming soon that will decide its future. IMHO unless its favourable, then with debt mounting there will not be a HARL in 5+ years.
As for the entrepreneurial spirit in this country; that's wiped out from day 1 with unaffordable housing for the young/masses; which means unless born with a silver spoon, people can't/won't start companies as all their money is taken by the rentier society the not-so-free-market-Tories have created.
INFA circa 2018/19 was an entrepreneurial idea, but it got ruined by workshy weirdo NIMBY's, bureaucracy and over zealous regulations. So far INFA/HARL has taken money from the private individuals, and created work thus handed this money to public sector bureaucrats, legal firms and similar parasites (not forgetting the 2 directors who've made out like bandits). That's the polar opposite of entrepreneurialism, and the reality of the UK in the 21st Century.
The fact that a nation with next to no gas storage, is unable to build a gas storage facility at a time of war and when gas bills have gone through the roof, sums up this place and why there is such negativity.
I don't know who i hold in more contempt, the NIMBY's who are so unbelievably docile and lacking in self awareness, that they don't realise their entire existence is based on cheap fossil fuels and are happy for others to go hungry and freeze, or the bureaucrats and politicians who have created this deranged and confused section of society.
Anyway on the bright side .......