Member Info for Xenor

I'm not aware of 18m Riverstone warrants, only the 10m mentioned by Scaffman.

As for the trade... Look at the share price. It doesn't lie. If that was a sell do you think we would have finished the day 5.71% up?

You do realise HARL isn't just in NI right?

Just catching up on the rubbish this weekend. 50 posts on a bank holiday Monday when the markets aren't even open is just crazy. Some people need to take a break.

Of course it's not happening. HARL can do what they want with the money, including paying off other debt. That's how refinancing works.

People really should learn a basic grasp of finance before investing in anything.

Given the strong support at PMQs today where Sunak would have known he was making the general election announcement, I think they will be trying to get this signed off before parliament dissolves.

From BBC:

"Sunak pressed on exports as Harland & Wolff praised

Alliance MP for North Down Stephen Farry talks about British shipbuilding and fabrication company Harland & Wolff describing it as an "iconic cornerstone" of the UK's defence and future shipbuilding industry.

He asks the PM if he can ensure the approval of the company's exportation guarantee is achieved.

Sunak says he cannot comment on the specifics due to commercial sensitivity, but he says the government is committed to the UK shipbuilding sector insisting "we are working closely with Harland & Wolff". "

Hebridean9, the "200m loan" is a credit facility in the same way Riverstone is, in that we won't instantly have 200m debt the second it is signed. Think of it like a big credit card. So the interest paid will be substantially less until we max it out. The BOD need to ensure they spend it wisely.

Oh, twisting are you? You claimed we need UKEF or the company will fold. I disagreed. Now you say we need UKEF to get a decent interest rate instead? Of course, I agree on that bit. But no UKEF is certainly not game over as you put it originally.

UKEF don't give subsidies, they give support.

That said, if it does indeed turn out that I am wrong and that we don't get it because of the ferry service I will lose trust in this BOD as the 100% UKEF guarantee is worth far more than the ferry service. I just don't see that happening based on my research.

You are making the false assumption that HARL needs the UKEF guarantee to continue trading. It doesn't. There are alternative financing options should this fail, as much as that thought must disappoint you.

As for your second point, no we don't owe Riverstone £200m. Try doing a bit research first, it helps. It is closer to $100m (£78m) plus interest. I believe this question was also asked in parliament last year but I can't find it - there are no restrictions on what the guaranteed money can be used for.

This also ignores the point about whether a UKEF guarantee is even a subsidy. The definition of the word "subsidy" is:

"a sum of money granted by the state or a public body to help an industry or business keep the price of a commodity or service low."

And yet the government are not the lender here, so to call a UKEF guarantee a subsidy is a bit of a stretch. UKEF are offering support in the form of a loan guarantee, not a subsidy.

All nonsense. Do you think every company who has received an EDG has zero competitors?

LinkedIn is a professional networking tool. I'm not surprised he deleted troll comments attacking the company because they have an open short. Those comments belong on ADVFN.

Tim Kempster and Kevin Taylor are both writers from the same short blog (name is censored on here!). They seem to be on a mission today. They generally post negativity on ADVFN but I have never seen them post directly om JW/Arun's LinkedIn or even on this board. Smells of desperation.

Clearly a lot of shareholders are worried right now following the reports in the media. The social media posts are an effort to steady the ship in my view and calm the situation. Talks are still ongoing so they can't tell people what they want to hear on the finance deal yet, so this is the next best thing. If they said nothing people would be moaning about that too.

This board has been flooded with people this past week who haven't held a share in years, are shorting or sold on the news last week all with a similar negative spin.

Clear agenda at play here - they wouldn't bother if they had nothing to gain from it.

For those unaware, Tim Kempster writes for the shorting blog that has wrote several negative articles about HARL since the FSS contract was awarded.

Usually he posts on ADVFN, but that board is dead these days. These arguments he is pitching have been done to death on there, over the past year. He refuses to listen to any points that don't agree with his.

He completely ignores the 77m recapitalisation plan that was awarded alongside the FSS contract, because it wasn't on the accounts at that point and that's convenient. His argument is always "look at the accounts" because we all know they weren't good reading. Anything beyond early 2023 is conveniently ignored.

He also frequently states that a loan guarantee is bailing out Riverstone at tax payers expense. He isn't stupid, he knows the money is coming from the banks rather than the tax payer but facts don't matter when you want to sow doubt.

I'm done, saying no more on the matter as he will not stop or change his viewpoints until finance is signed.

The UK government are not handing anyone money. Yes they are risking it, that's what a loan guarantee is. But to claim the UK government are "bailing out" or handing over money to anyone is a downright lie.

I noticed that after I posted Broomtree, that JW had used the names in his replies. Oh well it doesn't really matter as it is a public Facebook group that anyone with a Facebook account can access. If it was a private group it would be different.

I appreciate the extra information he is giving on the matter, rather it be on Facebook than not at all. But there does need to be better communication with shareholders and perhaps there needs to be a follow up RNS around the Scilly issues.

I could certainly see an offer coming for HARL as a last resort to take out the competition, but it would be similar to the offer we made for IOSSC. An insult to shareholders and get turned down. They would offer like 10p or something.

It is balanced, but it's ridiculous that all of this is playing out in public. Talking about "recent" financial accounts for the year 2022. We've yet to publish 2023 accounts.

I am guessing certain people didn't like the government's response to the parliamentary questions, which was often that they won't comment.

Si, it actually has me thinking about buying more. If it really is the ferry service that is behind all of this then I believe it will be resolved.

Either it turns out to be a non issue or JW will be forced to accept defeat on the Scilly ferries issue and stop that side of the business. JW's ego would be bruised but he isn't going to risk the entire business over a ferry. It's an insignificant side of the business right now.

There are many reasons to think we will be ok here, and after reading that Telegraph article this afternoon a lot of my concern suddenly disappeared.

From a legal perspective Scilly Ferries is its own company, and a guarantee isn't even a subsidy. So I don't see why that would block the guarantee. And as I say, even if it did JW could just stop that side of the business to help the rest.

You have to wonder why all this has been dragged out into public view though, and what the motives are.

Be interesting to hear that group's thoughts when they hear about what IOSSC have been up to whilst we have set up the ferry and freight services for them. I'm not posting this Telegraph article though, I'm not getting involved in that group but I do read it.