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JW didn't say Q1, he didn't give an estimate for finance this time which was the right move and what he should have done last year. A lot of us predicted Q1 though, I was expecting March. It will probably come once we all stop posting and forget about it.
"Finance deal will probably land tomorrow knowing my luck."
Tomorrow, next week, next month you are going to feel the same regardless of when it comes. You only called it right if the deal doesn't come. Good luck.
I don't think many agree with the ferry side of the business, to me it is also poor timing with the finances as they are. But it's a tiny part of the overall business so the costs shouldn't be that high. The freight business there should be profitable to offset some of that.
Have to agree with Broomtree (for once), changing CFO or CEO right now would be a terrible idea.
It could completely derail or best case delay the finance deal even more.
Once the news is out that we're waiting on people will stop being frustrated and these comments about changing the BOD will disappear.
But as shareholders we absolutely must push for better updates. This is unacceptable and has been mentioned many times on here. Last trading update was September... 8 months ago. What has happened since then? Are we only getting updates in June and September with the annual and half year accounts going forward? I like to think JW is holding off on one until finance is sorted, and that finance is taking longer than he expected. But who knows.
Frustration clearly building amongst shareholders as the financing drags on. I'm getting ever more frustrated myself. Like why is it taking so long? I suspect the timing of the deal closing is largely out of their hands since they are dealing with third parties, but some kind of update would be appreciated. Apart from the big contract announcement that we're awaiting confirmation on it feels like it has been silence for the last 6 months.
We're all sat here waiting on finance, IM JR appeal result and confirmation of Falklands contract. RNSs here tend to be like buses, we'll probably get all three plus a trading update in the same week.
Fair enough. I just don't feel it's my place to comment on the local services of a place I don't live, or even places I have travelled to (I travel a lot).
I do find it interesting that the narrative on there is the same narrative you get on ADVFN and to a lesser extent on here. That the government is bailing the company out with a 200m loan. I don't find that a coincidence. Only takes one or two people to say something enough for local people to believe it as unlike shareholders the residents of Scilly aren't going to be doing their own research on HARL as a company. They only care about their ferry services and may believe people posting additional information are trying to help out rather than protecting their own interests.
It's clear now that JW completely underestimated what it takes to start up a new ferry company and his idea of getting it up and running with a full service in time for this season was overly ambitious. The delays in getting finance over the line likely hasn't helped.
Pretty desperate measures when people from here have to start posting on local Facebook groups to spread their narrative to help their trade. I watch the Sea Links group but I don't feel that I should be posting on there.
To be fair the locals seem to be just as good at stirring the pot, especially that admin who clearly sees HARL as a threat to something he has interests in. Probably a shareholder of IOSSC.
It's all an excrement show and a distraction. I dread to think how much has been spent on this Scilly business when the priority should be avoiding unnecessary spending until profitability is reached. Especially so when finance still hasn't been sorted.
B, I know you're desperately trying to turn this thread into a thread about you like the narcissist you are but let's keep it on topic.
Si, yes I have checked that in the past. I said "pretty sure" but it was a while ago and I may well be referring back to the post Dog just quoted as I can't find anywhere he explicitly states that he sold. His posting history does suggest he sold at some point however, you don't continually talk down your investment and try to convince people not to buy if you want your losses reduced.
To be fair to BlairPeach, he likely has held shares since then. I believe I have mentioned several times that there is a pattern to the times when he and other bitter former INFA holders show up. Usually it's silence on a rise and hammering the board with negativity when it's trending down. No doubt flip flopping between long and short. As a chartist you should have spotted it yourself.
It's odd that his shareholding seems to be more important than the reasoning for his removal from the site. Though given the fact his posts haven't gone anywhere my guess is he hasn't actually been banned and it's a case of forgetting password or the login system glitching or whatever. I had problems logging in here once after getting logged out.
I hope as his ADVFN post suggests that he hasn't actually taken a 60% loss and went short, because that's going to turn out to be an expensive lesson when finance arrives. I didn't believe that comment at first, but you're doing your best to convince me that he really has gone down this path.
I'm going to leave it at that as it's a bank holiday weekend and I have better things to do. Hopefully this long overdue finance arrives on Tuesday.
B, if someone states that they have sold and then post excrement for months/years (as you also do constantly) then I can comment on their position. If you/they don't want people to comment on it then don't make it a discussion point! Not difficult.
Of course it's teary. We all know he "was" invested in the INFA days, that's why I specifically said last two years. I am pretty sure he posted in 2022 that he had sold at a loss as he had lost faith in the company. This was right before the FSS announcement. Of course the evidence is gone now along with his account.
My opinion has always been that there isn't enough moderation on these boards. Some of the things that have been said over the years I have been here have been downright vile and yet those posters are still here, with the exception of one famous poster who got removed several months ago.
Negative opinions should be allowed, the bear case should never be ignored and that's why I sometimes engage with certain people on ADVFN. But when that negativity turns to disruption or false information for the sake of trolling then that's where it crosses the line. Not saying BlairPeach did that, but some people have been known to.
Reality is no one other than the site admins know why he has been banned. Good chance he posted something he shouldn't have and the post was deleted before most of us saw it. I haven't seen anything ban worthy from him recently anyway - but that's not to say he hasn't. I don't check these boards constantly.
I was just casually browsing the ADVFN board and there's a teary post from BlairPeach who claims their account has been removed from here. I must say it's interesting, as while I disagree with 95% of what he used to post I don't see why he would have randomly been banned. Unless he just trolled the board a bit too much. Seems ADVFN will be his new home, which has pretty much just become a forum for shorts to whine to each other about how much they hate JW and the company.
Even more interestingly is he is claiming he has now sold his position and is shorting. Does anyone here actually believe he was invested given his posting history? I doubt he had held a single share in the past two years.
It has happened before.
People seem to be happy holding at this level for finance, but we're not attracting more buyers. Volume is tiny. Pretty much no one is talking about HARL these days on Telegram and Twitter. Solid news (ie finance) will change that.
I made a very small top up today of £1k and got the mid price. The real spread must be tighter than the bid/ask suggests.
I seem to remember JW saying in an interview that IM is worth triple digit millions. But that was a year ago and the price of gas has fallen quite a bit since then so I expect IM value will be less now. I would take £50-70m for it and pay down the debt. I would be ok with a JV approach too.
Surely JW has some idea by now as to what he will do with it, he said after the August JR result that he was in talks with several companies. This better not have stopped when the appeal was lodged.