Member Info for Xenor

You're a day late on this one.

That's usually how contracting goes though. The workforce has to be flexible to meet the needs at the time. This one ended months early so they now have more staff than necessary.

Good find.

Chrisatrdg, it is odd how no one was saying that whilst the share price was shooting up to 27p.

I believe we will get finance sorted in the coming weeks. Finance deals usually take a few months in my experience. The Riverstone finance was mentioned in the November 2021 placing but it wasn't completed until March 2022. People need to relax.

"As has been said here previously, with no new contract news, the current short term belief is that this is dead money until FSS kicks in (2025)"

I disagree with that. HARL isn't a one trick pony and will continue to win smaller contracts along the way that add value to the investment and contribute to a positive year.

I agree with the rest of tour comment. Lower gas prices should be good for the economy and bring down inflation. That should also bring down interest rates at some point, make borrowing a bit cheaper (good for HARL) and hopefully bring to an end the bear market on AIM (also good for HARL).

It's the unexpected news that moves the share price the most.

"In the meantime, the teams are focusing on constructing barges whilst contract discussions and negotiations advance foranother large project."

I look forward to it. In my view there will be plenty news before June but a crystal ball is needed to say when. But that's where holding rather than trading has its benefits.

ForrestGump, no TR-1 from Killik so that 1m sell will have been Kave. My confidence level that he is out is now over 90% whereas I was 50/50 on Monday.

Additionally no TR1 from Killik in two weeks means they have stopped selling. Could be that the remaining Killik shares belong to clients who wish to hold.

spbhoy, good point. The revised contract was 23m for four jackets whereas the original was 13.25m per 4 jackets (8 total, 26.5m). And they got 16m ending a quarter early.

The revised contract September 30th said 23m contract for delivery in Q1. So as for overheads they will have saved a quarter's worth of them. That said, I don't expect this contract to have been very profitable. However it is still revenue booked which offsets some of the expected 2022 losses. Goes towards 2023 revenue of course, which is shaping up to be a very good year.

"In the meantime, the teams are focusing on constructing barges whilst contract discussions and negotiations advance foranother large project."

Good to hear!

Jono I couldn't care less what Dog is saying or what he may be up to. I'm invested here for HARL's longterm future not a quick flip.

You act as if this person is conning us into buying shares. Do your own research and buy if you think the story is good, it's that simple. Your posts suggest you want a cheaper entry by fabricating this idea.

Well said. There can't be many people in profit at this level and few will want to take losses at this level. We are only being dragged down by large sellers, Killik and Kave. There are good reasons to believe that Killik has stopped and Kave sold the last of his yesterday. But as you say people are hesitant to buy until further evidence is clear that this is the bottom.

Didn't someone say HARL has a dormant AU website?

People like Jono are no better going out of their way to discourage people from buying. Clearly has an agenda as well.

JohnHenry, hopefully yesterday was the last of Kave. If the 1m sell was Killik then we'll know as it was big enough to take them under 5% and generate a TR-1. I'm going to remain on the optimistic side unless a TR-1 arrives today.

Great update, it's essentially PR but something we keep asking for more of.

Got to admit, when I see an RNS titled "X update" I was expecting bad news, so it was nice to hear positive news. Good to see the project going well and it will have no doubt brought in some cash to relieve any working capital concerns before the Astra deal is completed.

They shouldn't do.

I think we will definitely see more collaboration between Navantia and H&W. It's a win win for both. We get some good size sub contracts and Navantia get to make extra cash by utilising capacity in the H&W yards.

I wonder what it will be after the funding is achieved. There's always something people come up with for "the share price won't move until ...". Previously it was "the contract is confirmed".

I think the share price will move when no one is expecting it to. Usually how these things go.

I wouldn't go off those numbers, they are about as accurate as Stokey's share price predictions will turn out to be.

Stokey, yes I have. And just to be clear I have also discounted the following:

Putin launching a nuke on Belfast.
An asteroid impact in the Irish sea wiping out the yards with tsunamis.
Covid-23 new pandemic.
JW deciding he no longer wants the contract.
A swarm of angry HARL shorters blocking entry to the shipyards for the next 10 years.
A discounted placing adding a billion more shares.
JW suddenly discovering a long lost parcel of 129,400 rough cut diamonds.
Should I go on?

I can only go off of what we know. I certainly don't rule out the possibility of forward sold warrants just as I wouldn't rule out the possibility of any of the above happening. Very little is a zero percentage chance, but some are close. Until we hear news of such an event I am not going to factor it into my research.

Stokey, but we do know the reason that the share price is being held down. The TR-1s are the biggest clue. The next clue is following simple logic that not all of those shares ended up in "sticky hands" (I hate that phrase) so they got sold multiple times in some cases, which makes the selling look worse. One guy on Twitter earlier bragging about selling at 15.5p after buying at 14.5p. That's what we're dealing with here. It's not just the 30+ million sells from Killik, Kave and Appledore in the past few months, it's also the churn of those and how many hands they pass through before finding a longterm home. The selling will have to end soon unless people start selling for a loss.

As for doing research. Whilst I agree, most PIs probably don't have a clue what they are invested in and are easily swayed by ramps and deramps. That's why you have to be careful when you read things like "this will be 50p next week" or "this has continually dropped until news in the past and will again". Comments like that influence the average PI and hence me countering you.

In truth these boards are a waste of time arguing the same crap over and over every day with different posters. It's down to the management to do their job and make this investment more appealing. I'm off on holiday in a couple of weeks and looking forward to a break from it all. Hopefully I can avoid looking at the abysmal share price.