Member Info for Xenor

Communication certainly isn't their strong point, as we all know. Just have to keep waiting, what else can we do other than moan?

It's not pointless. People were crying out for an update on Friday since everyone was expecting accounts last week. They do need to hurry up though, getting ridiculous now.

Looks like a poor attempt at a ramp to me given that the share is suspended. The post reads like it was copied from Linked In as it has Ben Murray's job title in it... except the title is inaccurate as it shortens the company name to "H@W".

The RNS said the company "expects" to publish the accounts this week. That's a non-committal word in my book. It would be nice to get them tomorrow but it's not guaranteed.

Consuela, congratulations on your first positive post on this board.

Well done those who had faith and held through this period. Got this one wrong by being too greedy and not buying back in at the lows - I was expecting a poor update in August which put me off. My rule is to not buy anything after a quick 20%+ rise and this has done 42% so I am staying out, but the future does look bright here.

SJN1, if all your predictions on HE1 have been right so far then perhaps you should have tipped the share before it did the 85% rise in two days rather than trying to get people to buy your exit.

Stokey why are you bothering to spend so much time and energy going back and forth with a trader who has a financial incentive in driving the price down upon re-open for their next trade? People like this don't care whether they are right or wrong, they just want the price to go in the direction they want.

I am surprised at how active this board is given the share is suspended. We all know the situation, there can't be that much new to talk about. 100+ posts in this thread alone? I always find it's better to keep off the boards on a weekend. I don't even see much point posting until the share suspension is lifted. Better things to do than argue with trolls.

yeah that post with the ****** attack on arun is one of the most vile comments i have read on here. not sure why i bothered responding as i suspect that post will disappear at some point.

this board has really become a cesspit since the news of the ukef delays were revealed in may and seems to be getting worse by the day.

"Why would Labour gift these pair of charlatans taxpayers money"

Why do you trolls never seem to understand that the government is not lending HARL money? How many times do you need to be told that it is a guarantee for a loan with commercial banks. The banks are lending the money. Don't comment on things you don't understand.

Bailout is also the word used by certain names who have been attacking the company on ADVFN ever since the FSS contract was awarded.

If a company goes bust then technically it is a bailout, but it's wrong to automatically assume that a company taking UKEF backed finance is going to go bust eventually. Even if that did happen then it would be a bailout for the consortium of banks providing the new loan rather than Riverstone.

Riverstone bailout seems to be the common agreed label those with an agenda against HARL succeeding have been using.

Knowing HARL timescales, results next week means results in August. That said, most people aren't unhappy with the results so maybe they will just get them out the way. Loss was expected, and we expected revenue closer to 80m based on the trading update last year. Turns out revenue was actually on target at 100m - it just couldn't be accounted as 100m. Finance obviously the priority so get the results out and focus on that.

JW said a year ago in an LSE interview that he already had a finance deal on the table but wanted a better one, hence UKEF. Maybe it's time to revisit that table. The amount of interest paid by delaying refinancing has wiped out any cost savings from going through UKEF in the first place. I guess no one expected it to take so long.

The results today weren't bad, they were in line with expectations. The issue is finance.

Well looks like I was certainly correct about a flat day on results, but this isn't what I had in mind. The company has had 7 months to figure out how revenue will be attributed and yet here we are needing one more week.

The revenue figure is a positive however, within the expectations.

I think if results come tomorrow morning then it won't be suspended. I would have expected an RNS on Friday if they were going to be late.

I can't see it. The market cap is too low to raise anything worthwhile in a placing.

Does this mean that we're probably not going to bother with the supreme court route?

The AIM regulator decided that companies have until the end of June to prepare their previous year's accounts. Don't whine about companies making use of that time. If they were meant to be done earlier then the deadline would be earlier. If they are late that's when you complain, but there's no point whining about them being on time.

In an ideal world we would have been given a date when accounts will be posted as happens with large caps, but we aren't quite there yet.

We're already following that course - it's June 26th and the results are due within the next two days. They've clearly been held back in case finance is over the line by the end of the month. There's no other reason to have not published them by now.

So you don't see a reason to hold the results back until such a time that the auditor can write a positive statement on the going concern page rather than "material uncertainty" again? If finance is signed off in the next few days I would rather the share be suspended and accounts posted late than have an incorrect damaging going concern statement published. Besides that may be reasonable grounds to ask AIM for an official delay with no suspension.

As for delaying because they might be bad, that hardly worked last year. People aren't stupid enough to miss a late Friday RNS.