Harland & Wolff Share Discussion Threads

[xenor] 19/4/2024 15:42

There's been nothing worth writing about for over a year now. As Loglorry said in his post it all boils down to deal or no deal. That hasn't changed in the past year but discussion on here about it was endless until recently.I've seen enough evidence pointing towards the deal happening than I have against it, so therefore I have been adding rather than reducing. I have around 25% more shares than I held this time last year.You mention Riverstone getting paid in April, but that was never RNSed, the RNSed date was end of 2024 and no correction was issued. Assuming finance doesn't arrive next week I bet May comes and nothing is said on that. We'll see. One thing is for sure, Riverstone wouldn't let the company fold this close to finance getting signed off as that would guarantee they don't get their money back. I suspect Riverstone know more than we do on the new finance, under NDA of course.

[jaknife] 19/4/2024 13:39

Xenor,

When there's something worth writing about HARL then the topic will have my fullest attention.

As previously noted, at the Mello event back in November last year, John Wood explicitly stated that the Riverstone debt facility is due to be repaid in April. So we await imminent news of the replacement facility that John has been promising shareholders for over seventeen months now.

JakNife

[loglorry1] 19/4/2024 12:33

I've been adding to my short recently. I'm only quiet because there's nothing more to say. Either JW talks the Gov into bailing out shareholders and Riverstone in which case shares will go up or else they'll just run out of cash and have to do some sort of restructuring.

I don't think this or the next Gov will use tax payers money to support private shareholdings. It's just not how UKEF works.

This is what Hunt recently said:

UK FINANCE MINISTER HUNT: UK WILL NEVER INSURE INVESTORS AGAINST BAD DECISIONS; THAMES WATER NEEDS TO SORT OUT ITS OWN ISSUES

[xenor] 19/4/2024 12:22

Some of the shorters who were banging the drum daily have been very quiet recently. I suspect some have quietly closed and left their followers holding the baby.

[ajseabright] 18/4/2024 22:29

Nah they will be fine mate.Financing deal to be issued soon and HUGE contracts already in the bag.I'll be shocked at this price level if someone doesn't take them out

[supearich] 18/4/2024 20:47

Astonished this hasn't declared bankruptcy already... a few regular culprits (Shorters ) on here have been insisting this has been 'technically' insolvent since at least this time last year and that it should have failed last Summer, last Autumn, this Winter and again this Spring... how is it possible it hasn't actually happened... they've been so insistent that their Facts have always been correct... how is this Business still in business ???!!

[mindthegapup] 17/4/2024 10:54

Get ready for lift off :))

[mindthegapup] 17/4/2024 08:18

Can see a short term path to an Mcap of around £100M here soon :))

[seagreen] 16/4/2024 18:41

We've been broken down
To the lowest turn
Bein' on the bottom line
Sure ain't no fun
But if we should be evicted
Huh, from our homes
We'll just move somewhere else
And still carry on
Oh
(Hold on) hold on
(Hold on) hold on
Ooh, aah, baby
hold on
(Hold on) ooh ooh aah
The only way is up, baby
For you and me now
The only way is up, baby
For you and me now
Aah

[millennialinvestor] 12/4/2024 09:31

There is so much passion in that workforce. I'm sure they would work for free - just for the pure enjoyment of being part of the team.

[john mcinnes wood] 12/4/2024 08:42

Agreed oakville, HARL burn enough cash as it is. When the 2023 accounts become clear expect a fire sale.

[oakville] 12/4/2024 07:11

The fire news is not what we needed.

[pastybap] 11/4/2024 19:59

hTTps://m.belfasttelegraph.co.uk/news/northern-ireland/40-firefighters-at-scene-of-blaze-in-belfast-shipyard/a1604659385.html

[ajseabright] 11/4/2024 19:36

SEED YOUR ALIVE.Hope your well mate.

[coiboyroy] 11/4/2024 18:38

Ok lieutenant Dan. Moron

[seedoftongo] 11/4/2024 17:42

Some of those guys couldn’t graft for more than 5 minutes ….
Mandatory fitness test for all employees .

20 minute 5k run to earn full salary .
( it’s not that hard ).
Each minute below that and you lose x % of salary .

Fit workers are productive workers .

[xenor] 11/4/2024 17:09

I expect finance will come before the 2023 results, so I doubt that. I'm not worried about these results anyway, they aren't going to be like last year where the 2022 revenue was awful and losses were gigantic. I'm expecting a slight revenue miss but that was announced in November and now priced in.I'm not seeing any evidence that investors are scared, it's up around 20% in the past two weeks.But yes, you are right that the company is doing work on cruise ships and getting paid for it. I hear we're also renting out the yard to house the Sea Rose and getting paid for that too. How amazing is that? I'm glad that you are figuring out how business works.

[john mcinnes wood] 11/4/2024 16:00

Xenor - Wait until 2023 results are announced, you will have ample opportunity sub 10p.

Cash didn't run out, they took more from Riverstone - how else to fund a new ferry service?

Don't forget the finance deal is now 18 months in the making, JW waiting for the best deal apparently (read as no money on the table, the company debt has scared away investors / bankers).

Total pig's ear of a business, maxed out the company credit card, fooled the current shareholders with new projects that have gone quiet and Belfast renting out the dry dock to cruise ship upgrades because they have no work.

[xenor] 11/4/2024 12:34

Can you people deramp some more? Maybe Evil Bankstar or whatever can write a new blog post claiming cash is imminently running out again like he did half a year ago. I just want to buy some more shares in the 10s in my new ISA before the finance deal arrives.

[ajseabright] 11/4/2024 12:22

Yep I am long here from 14p

[millennialinvestor] 11/4/2024 09:33

The look of a defeated workforce.

[millennialinvestor] 10/4/2024 09:30

Is anyone actually long here?

[owenski] 10/4/2024 08:38

I take it they've still got official permission from a government department to talk to another government department about the fact that they've got no money. lol

[owenski] 09/4/2024 19:38

Trying to resurrect a business and give it a new lease of life but the same old mentalities exist...... It's partly why these industries failed in the first place.

[loafofbread] 09/4/2024 16:04

I can't believe any worker would be stupid enough to vote for action at this time.