Member Info for Xenor

B, wanting better communication from the BOD doesn't mean that I am impatient on finance. I know that's a matter of when not if. Timing largely out of their control since it involves multiple third parties, which is why the repeated time estimates last year made no sense.

12p here is a low, not the 52 week low but certainly not far off. It may well drift if finance drags into April or it may bag on the news. There's also the matter of IM which we expect a result on in the near future. Exciting time if you're comfortable that finance is coming, which I take it you're not given your sell.

Agreed MayAnya. Communication from the BOD has been dreadful and as shareholders we should be pushing for better and more frequent updates. But behind the scenes they are getting on with it and winning contracts which is ultimately what we want. I assume they are very busy with getting the finance over the line right now and that's their priority. Share price will look after itself once that's done.

B, you do you. Keep selling lows and then moaning on the boards. Meanwhile the rest of us wait patiently for the news we've been waiting a while for.

So you kept having a go at me on here for selling CPI before results when I predicted this was coming a few months ago, and yet you do exactly the same? The right call in the end, but perhaps think next time before having a go at people. If you'd had some sense you'd have sold on the January spike rather than when it retraced to the six months low prior to the results. It will be the same story here with you selling in the 11s. Poor timing again.

B, pro tip: If you are trading then the game is to buy low and sell high. Not the other way around.

How is CPI going? You kept mentioning it on here after I sold out, but haven't recently...

I won't be adding yet, I think it has further to fall. Definitely wanting in before the H1 results however. 13s might be a good trade in the meantime.

Exactly Scaffman. When he visits H&W shipyard I may start believing that he doesn't have an agenda against the company for the benefit of the duopoly.

It does kinda suggest that too Trickymatters. Kevan Jones and the Times noise ramped up to this level right before FSS was awarded. They were acting as if we'd won it a good two or three weeks before the RNS landed.

Good find Scaffman. I can't view the post but the URL gives enough information. Unbelievable that this guy is visiting rival companies after his persistent comments towards HARL. 100% protection, probably has shares in BAB.

Which facts? Nothing here is new information. I knew about both the Riverstone debt charge and the question in parliament back in February. I would have sold on the Falklands contract spike if it concerned me. To me, it all adds confidence that this deal will be closed one way or another.

You tell us now you are a sell? You have been a sell for at least six months based on your posting history. I suspect we'll see no more from you once the finance deal is closed.

Refinancing Riverstone out and closing the debt deal aren't exactly two different targets. They will be done at the same time.

Interesting one Si. Puts to bed certain noise that the UJEF guaranteed cash can't be used to pay off existing debt.

You're likely right there on his axe. Did he ask any questions about HARL prior to the FSS win? I bet not. This all started once FSS appeared. Same with the Times and shorter blog (the actual name is censored on here) posts.

My theory is that there is a sustained effort to paint everything HARL related from the FSS win to finance in a very negative light to keep the market cap down so that it can't raise any significant money from the markets, and then pray the refinancing collapses.

I would love to know what is going on in the background with the constant Kevin Jones questions, the articles in the Times, the blog posts by the short group, certain posters on this board. It all seems too organised to be a coincidence and these kind of campaigns don't come cheap.

I came across that question weeks ago but I didn't share it as it does seem a bit negative, almost like the banks weren't going to say yes to 80%. However that narrative doesn't make sense as JW said last year he already had a deal on the table.

Indeed, if they increased the size of the loan then there would be an RNS.

What we know is that Riverstone loaned us $100m and that interest is being accumulated and added to the loan so the total we owe is surely over $100m now. Nothing we didn't know already. Riverstone probably just wanted the charge updating to reflect that.

Riverstone haven't loaned us extra cash, they have just increased their charge to account for accumulated interest that we owe. Clear sign that they aren't worried about getting their money back.

Those losses become an asset when time comes to start paying tax on profits.

It's certainly transformational Stokey. That doesn't take much to conclude. The finance deal when it arrives will make the company financially secure for years to come. Low interest rate over five years.

Of course this assumes that the company does actually become profitable before it maxes out the new loan, but given the contracted work and future potential I see no reason not to believe that 2025 will be a profitable year.

People will still moan about the debt, but it's the risk of being diluted to oblivion by the finance not coming through that has caused people to sell over the past year, or to not buy here. If I weren't already a holder and well researched I would have been put off too and not looked any deeper than "big debt, needs finance, avoid for now". Most sensible investors don't take on such risks.

Consuela, I have watcged that video you linked and it appears to be all about IM. As I am sure you are well aware IM has been held up in red tape for years which has delayed the plans the company had. It's a good thing JW pivoted away from IM being the main priority for the company.

This forum is almost as much of a cesspit as ADVFN this week.

Yes JW has missed targets, we know that. It was announced in RNS so no need to watch four year old interviews.

If there hadn't been a global pandemic followed by supply chain issues, record energy prices and a war in Europe during those four years then I might be concerned.

Sounds like they are going to have a mass exodus of skilled staff who will be replaced by cheaper less qualified staff. Pay cuts and pay freezes lower morale and productivity too. Expect more sloppy work for clients as a result.

Si, I am not going to accept this as a normal market. Dropping share price and positive news having zero impact isn't why we invest in companies. If that's the norm then why bother? It's why more and more people are moving their portfolios to the US and other global markets.

On placings I don't see the share price being anywhere near enough to justify one this year or next. This isn't going to rocket to many multiples on finance. Even diluting 20% at 50p is a pitiful amount for the contracts we'll be working on and the debt level. We've got bigger problems if we get that desperate for a small amount of cash post finance deal and the share price would reflect that so we wouldn't even get a placing through at 50p.