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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: 9.60
Bid: 9.20
Ask: 10.00
Change: -0.10 (-1.03%)
Spread: 0.80 (8.696%)
Open: 9.75
High: 9.65
Low: 8.75
Prev. Close: 9.75
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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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17 Jun 2022 12:19

IN BRIEF: Harland & Wolff faces strike at Methil facility

Harland & Wolff Group Holdings PLC - Belfast-based offshore construction company - Says local representatives of the trade unions GMB and Unite have decided to call a "wildcat strike" of the workforce at its Methil facility in Scotland. Explains that it sought legal advice and is convinced that the strike is illegal. Plans to engage in discussions with the local trade union representatives in order to reach a "mutually agreed position" and start negotiations on a collective bargaining deal as quickly as possible.

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10 Jun 2022 14:29

Harland & Wolff completes work on vessel as it builds growing pipeline

(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said that works on the Queen Victoria vessel were complete, as it looks forward to building its pipeline in the cruise industry.

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1 Jun 2022 12:12

Harland & Wolff buys vessel from MoD; secures GBP8.5 million contract

(Alliance News) - Harland & Wolff Group Holdings PLC on Wednesday said it bought a former mine hunting class vessel from the UK Ministry of Defence and reported a contract win for barges fabrication.

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23 May 2022 11:24

IN BRIEF: Harland & Wolff loss widens in 17-month period

Harland & Wolff Group Holdings PLC - Belfast-based offshore construction company - Posts results for the 17-month period ended December 31, 2021 compared to 12 months ended July 31, 2020.

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11 Apr 2022 18:03

IN BRIEF: Harland & Wolff wins dry dock contract for two cruise ships

Harland & Wolff Group Holdings PLC - Belfast-based offshore construction company - Says its subsidiary, Harland & Wolff Belfast Ltd, has ben awarded a dry dock contract for two cruise ships from P&O Cruises and Cunard. The ships will occupy the Belfast drydock for 33 days. Company says the ships mark "another milestone" in its "re-activation strategy". Harland & Wolff does not disclose the financial details of the contract.

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(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News:

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16 Mar 2022 15:11

IN BRIEF: Harland & Wolff confirms no legal action against subsidiary

Harland & Wolff Group Holdings PLC - Belfast-based specialist in ship repair, conversion and offshore construction - Responds to recent speculation and states that there is no legal action being taken against its subsidiary Harland & Wolff Methil Ltd by Her Majesty's Revenue & Customs.

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9 Mar 2022 17:56

IN BRIEF: Harland & Wolff signs USD70 million green loan facility

Harland & Wolff Group Holdings PLC - Belfast-based specialist in ship repair, conversion and offshore construction - Enters USD70 million green term loan facility, which will go towards supporting its working capital and expenses for the fabrication of wind turbine generator jackets for the NnG offshore wind project.

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