Member Info for Xenor

I'm sure you know that I was referring to the updates we aren't going to get in the trading update rather than the update itself. If you're expecting contracts with Austal to be included then you're in for disappointment.

By the way why do you mention CPI in nearly every thread you post in? It's not exactly a beacon of success this year either.

Maybe you should just relax in general.

Relax... news takes time. It took years before the first mention of FSS turned into a contract. If we hear nothing from Austal or green tugs or technology division for a while that doesn't mean nothing is happening.

Finance is the news the market is waiting for and growing impatient for. An update is needed. The trading update is predictable based on what was said a few weeks back. No doubt some on here will still act surprised if we miss the revenue target though. IM I expect nothing before the appeal, but February isn't far away now. Everything else is fluff.

I have seen JW active before on Facebook with regards to Scilly. He's probably using it to engage with the local community in Scilly.

With regards to the old boat, it makes sense as the goal is to get the LUF and build a replacement. Not a risk free strategy of course.

Based on the specs it looks like the FARES AL SALAM.

Maybe the ferry was signed off this afternoon after the RNS this morning, Si_Derman. Maybe we will get an RNS at 7am tomorrow. I agree that the website update should happen alongside an RNS however rather than come first.

Interesting development. Good to see JW following through on his word on this. I wonder if this is why he decided not to increase his offer to buy IOSSC.

I would have expected this to be announced in an RNS. Maybe it is coming in the morning.

The finance deal has felt like it is "coming soon" for about a year now. Though to be fair in almost every instance where there has been a further delay we have known about it sooner than 9 days before the end of the period it was expected. So I feel it actually is close this time.

I won't be impressed if we get a trading update on the 29th with a further delay even if the word is "January".

As I said yesterday... Market won't care, only wants finance news.

That's the way of business. IOSSC's business model is clearly flawed if it can only be successful in an environment where it has a monopoly and has to charge its customers high prices compared to similar services elsewhere (Scottish ferries).

It was clear from day 1 this would be rejected. If a compancame and offered ro buy HARL for 10p a share would we agree? Obviously not. I am surprised JW didn't put in a higher offer however.

One would hope JW and Arun have done their DD as to whether buying boats and operating the route is profitable. Though part of this DD may be the expectation that IOSSC fails and we become the only operator.

1. Market won't care, only wants finance news.

2. +50% on finance deal. -20% on can kicking.

3. Market won't care, only wants finance news. Already been told of probable revenue miss anyway.

Maybe 2 and 3 will be announced at the same time.

Yeah you were recalling an idea.

I don't think anyone seriously thought a 1.6bn contract of which we received more than half would not affect the share price. News can drop at any time. The intra day ones are the worst as you can get caught out if the news is bad, as happened to me last year on a different share.

"If I recall any news that might affect the share price must be made while the market is closed."

What gave you that idea? Look at COPL today. Besides, didn't FSS contract land during the day?

Also market is open for half day on Friday.

These figures are meaningless. This inflation spike was clearly manufactured to make people poorer. Apparently oil and gas rocketing caused by the Ukraine war caused the inflation, yet the oil price is back where it was a decade ago and gas is not far off. People still being ripped off at the fuel pumps and stung on their energy bills. With awful wage growth where is all this money going? Inflation should be about -20% and yet prices are still going up by a massive 3.9%. WTF.

Actually Si, I agree with his post. I'm getting more concerned here with each passing day without a finance deal. 3 trading days until Christmas, 6 until the end of Q4 and here we are on the verge of missing another deadline.

On the turnover, even March was a downgrade! We were told there was deferred revenue from 2022 and yet the 2023 guidance (originally stated 100-115m in August 2022) didn't change... What happened to that? As a result, break even deferred as well. No doubt same will happen if we make 80m for 2023, the guidance for next year will still be 200m as if 20m just vanished into thin air.

JW needs to stop over promising. The official word on finance should have always been "we intend to refinance in 2023" rather than giving half a dozen missed estimates. Though we'd still be sat here wondering why it still hasn't been signed off.

I think he will make a higher offer after the original is turned down. You don't offer the price you're willing to pay on your first bid.

As for paying for it, I guess JW was hoping to have the finance signed off by now given the Q4 statements. I'm not convinced that will happen in time, but we may be able to fund it from H2 cash flow.

Is this another one of those reality checks I mentioned last week? :)

I think the drop is either traders getting bored that their 12p buys aren't getting to 13-14p sells quick enough or as you suggest people defecating themselves that the finance deal still isn't sorted yet

Sharehead, as you say... 2025. If the market was forward looking then my other shares wouldn't be down in the doldrums.

Purchasing a tug is hardly going to fire the share price to the moon so I doubt the "ploy" theory.

What's CPI got to do with HARL? I forgot about that share. No wonder you confused me. Yes I did sell to buy in lower. Problem is it took long enough to go lower that I'd put the money elsewhere and now it's higher when I do have some spare cash. I'm sure if I wait for their next results I can get back in at 16p. Market is all about timing. :)

As for digging through your posting history, not something I have time for right now as I'm travelling through airports today.