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Pin to quick picksHarland & Wolff Share News (HARL)

Share Price Information for Harland & Wolff (HARL)

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Share Price: 13.00
Bid: 12.50
Ask: 13.50
Change: 0.00 (0.00%)
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AIM WINNERS & LOSERS: Rambler up on financing; contract lifts Parity

Wed, 13th Oct 2021 11:02

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Rambler Metals & Mining PLC, up 26% at 23.60 pence, 12-month range 16.5p-70.37p. The copper and gold says NewGen Resource Lending Inc and and West Face Capital Inc arrange a USD1.0 million bridge loan to firm, with USD500,000 provided by NewGen's general partners and USD500,000 provided by a fund managed by West Face. "Work on closing our financing has undoubtedly taken longer than anticipated. This has been a challenging period and despite this we have continued to operate at a time when we expected to have received funds already," says President & Chief Executive Toby Bradbury.

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Shoe Zone PLC, up 23% at 82.00p, 12-month range 34.56p-85p. The footwear retailer expects revenue of GBP119.1 million for financial year to October 2, down from GBP122.6 million the year before as trading was hit by Covid restrictions. Says pretax profit to be "not less" than GBP6.5 million as it notes positive trading through periods without lockdowns. "This positive trading, alongside the significant cost reduction action taken in 2020 and the government support schemes Shoe Zone has utilised, has enabled the business to move quickly back into profitability," says Shoe Zone.

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Parity Group PLC, up 18% at 7.4p, 12-month range 6p-14p. The data and technology-focused recruiter is chosen as 'the preferred supplier' for contract resources to an unnamed "large government agency". Says the incremental business is estimated to be worth in the region of GBP250,000 in net fee income annually.

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Harland & Wolff Group Holdings PLC, up 18% at 21.00p, 12-month range 16.1p-54.87p. The shipyard and energy infrastructure firm says subsidiary Islandmagee Energy Ltd gets notification that Northern Ireland's Department of Agriculture, Environment & Rural Affairs will issue the environmental consent decision, marine licence, reviewed abstraction licence and discharge consent for the Islandmagee gas storage project. "The company has reviewed the conditions attached to the draft Marine Licence and believes that they are fair and reasonable, and therefore, acceptable, which will lead to the issuance, by DAERA, of the full Marine Licence within the next 28 days," it says.

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AIM - LOSERS

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Reabold Resources PLC, down 9.5% at 0.1855p, 12-month range 0.15p-0.87p. Says results of extended well test have confirmed that the WNA-1, WNA-2 and WNB-1z wells are substantial hydrocarbon discoveries. However, notes: "Gas and light oil/condensate were recovered to surface from the WNA-2 and WNB-1z wells, although sustained flow rates were not achieved, and multiple samples have been gathered for geochemical analysis which is currently underway." Reabold holds 56% interest in West Newton field and 16.7% direct licence interest in PEDL183 which contains West Newton A-1 discovery well and WNA-2 appraisal well. Shares in Union Jack, which has 16.7% interest in licence, fall 7.4%

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Applied Graphene Materials PLC, down 6.0% at 23.51p, 12-month range 23.15p-77p. The graphene materials maker says revenue for financial year to July 31 jumps to GBP123,000 from GBP83,000, and pretax loss slims slightly to GBP3.6 million from GBP3.7 million. "While, to some extent, COVID-19 lockdowns have restrained the pace of graphene testing and adoption by some of our commercial partners, we expect this impact to lessen in 2022. Our commercial pipeline of engagements is strong and expanding, and AGM is in solid shape to accelerate growth to meet customer demand," says Chief Executive Adrian Potts.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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31 Jul 2023 10:59

IN BRIEF: Harland & Wolff shares surge on vessel refurbishment deal

Harland & Wolff Group Holdings PLC - Belfast-based infrastructure projects operator - Signs a non-binding letter of intent for "major" vessel refurbishment with an unnamed client. Says vessel will be in company's Belfast dry dock for five months. Adds contract is around GBP60 million and GBP70 million. Notes it will receive GBP5 million immediately to start work in the vessel. Says the contract will be formalised in the next two to three months.

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30 Jun 2023 21:28

IN BRIEF: Harland & Wolff loss balloons in 2022; hails financing talks

Harland & Wolff Group Holdings PLC - infrastructure projects operator - Reports 2022 results, comparing the full year to the 17 months to December 31, 2021. Pretax loss is GBP70.4 million compared to GBP25.5 million. Revenue grows 51% to GBP28.0 million from GBP18.5 million. Cost of sales increase 67% to GBP22.2 million from GBP13.3 million. Management & administrative expenses more than double to GBP53.4 million from GBP24.7 million. Looking ahead, Chief Financial Officer Arun Raman says: "We are now at an advanced stage in our negotiations with UK Export Finance and our lending consortium and expect the refinancing to be completed in early autumn 2023. This is a five-year deal and it is important that we get the economics right. Our current cashflows allow us to take the time and get the best possible deal for the company and its shareholders. We will be making announcements on this deal as it matures and comes to fruition."

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23 Jun 2023 14:31

Harland & Wolff Group expects widened annual loss but revenue up

(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said it expects to report a widened annual loss for 2022, despite a rise in revenue.

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13 Jun 2023 17:02

LONDON MARKET CLOSE: US inflation ebb, China stimulus hope lift stocks

(Alliance News) - Stock prices in Europe pushed higher on the eve of the Federal Reserve decision, while technology shares in New York rose again as a cooler inflation reading all but ensured US interest rates will not be hiked this week.

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13 Jun 2023 16:39

Harland & Wolff shares jump on zero emissions tug development pact

(Alliance News) - Harland & Wolff Group Holdings PLC shares soared after forming a consortium aimed at developing and building a zero emissions harbour and coastal tug.

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17 Apr 2023 19:43

TRADING UPDATES: BATM reports Edgility progress, Rambler starts sale

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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3 Apr 2023 16:41

TRADING UPDATES: GENinCode gets US boost; Cindrigo strikes deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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14 Mar 2023 10:19

SMALL-CAP WINNERS & LOSERS: Costain revenue up; Sabre hit by inflation

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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1 Mar 2023 15:21

TRADING UPDATES: Accrol deal with Unilever; Harland & Wolff optimistic

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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1 Mar 2023 12:19

Harland & Wolff upbeat on growing revenue backlog

(Sharecast News) - Harland & Wolff Group said in a trading update on Wednesday that it has a backlog of confirmed contracted revenues totaling around £900m.

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21 Feb 2023 14:20

Harland & Wolff submits planning application on recapitalisation plan

(Alliance News) - Harland & Wolff Group Holdings PLC on Tuesday said that it has submitted a planning application to extend its fabrication halls in Belfast, as part of a recapitalisation plan for the Fleet Solid Support programme.

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20 Feb 2023 11:45

Harland & Wolff signs new contracts with total value of GBP10 million

(Alliance News) - Harland & Wolff Group Holdings PLC on Monday said that it has acquired six new smaller contracts within the defence, cruise and ferry and commercial fabrication markets.

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17 Feb 2023 16:35

Harland & Wolff agrees termination of Saipem contract

(Sharecast News) - Infrastructure project and asset management specialist Harland & Wolff has concluded negotiations with Saipem over the termination of the Saipem project, it announced on Friday.

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17 Feb 2023 09:19

Harland & Wolff ends contract with Saipem, valued at GBP16 million

(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said that it remains focused on progressing its pipeline of opportunities across different sites, after concluding its contract with Saipem Spa and rationalising its Methil facility in Northern Ireland.

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16 Feb 2023 12:37

Harland & Wolff completes first hull in Cory fabrication contract

(Alliance News) - Harland & Wolff Group Holdings PLC on Thursday said the first hull for its Cory barges fabrication contract has been completed at its Belfast facility.

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