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Pin to quick picksHarland & Wolff Share News (HARL)

Share Price Information for Harland & Wolff (HARL)

London Stock Exchange
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Share Price: 9.125
Bid: 9.00
Ask: 9.25
Change: -0.525 (-5.44%)
Spread: 0.25 (2.778%)
Open: 9.60
High: 9.60
Low: 8.75
Prev. Close: 9.65
HARL Live PriceLast checked at -

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AIM WINNERS & LOSERS: Harland & Wolff rises as loan talks progress

Fri, 29th Dec 2023 10:45

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

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AIM - WINNERS

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Harland & Wolff Group Holdings PLC, up 18% at 13.54 pence, 12-month range 8.5p-25.5p. The maritime and offshore fabrication company receives ministerial approval for a new credit facility with UK Export Finance. Will now advance negotiations in relation to a GBP200 million credit facility with the UK government's export credit agency under its Export Development Guarantee Scheme. The firm will firm up its bank syndicate and appoint a leader arranger, and begin necessary documentation.

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AIM - LOSERS

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Horizonte Minerals PLC, down 9.6% at 11.75p, 12-month range 7.53p-172p. The nickel mine development company returns gains from earlier this week. On Wednesday, it announced it had secured a USD20 million interim funding package, which will be used to progress "critical construction streams" at its flagship Araguaia nickel project in Brazil, as well as for general working capital purposes. The stock is up 46% over the past week, but down 92% over the past year.

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Saietta Group PLC, down 3.1% at 17.45p, 12-month range 16.00p-78.00p. The e-Drive system maker reports a "challenging" first half of its financial year, but notes "significant strides" have been made towards its transition to a full-scale production manufacturer from a research & development company. In the six months to September 30, revenue rises to GBP977,229 from GBP753,517 a year before, while its pretax loss narrows to GBP7.9 million from GBP9.4 million. "Saietta and its Indian [joint venture], Saietta VNA, have secured high volume [original equipment manufacturer] relationships in India and the US which are set to utilise the production capacity they have developed in Delhi and Sunderland. The group is therefore ready to enter the next stage of its evolution as a large-scale manufacturer," the firm says.

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By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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1 Aug 2023 10:48

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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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