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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: 8.75
Ask: 9.50
Change: 0.00 (0.00%)
Spread: 0.75 (8.571%)
Open: 9.25
High: 9.25
Low: 9.25
Prev. Close: 9.25
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AIM WINNERS & LOSERS: Victoria rises as backs outlook

Tue, 01st Aug 2023 10:48

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

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AIM - WINNERS

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Harland & Wolff Group Holdings PLC, up 8.5% at 14.68 pence, 12-month range 5.55p-29.00p. The infrastructure projects operator says it has been issued a notice to proceed with the mid-life upgrade and dry docking of a large vessel. Harland & Wolff says it was chosen by the client for "its ability to execute on a complex mid-life upgrade utilising the company's market-leading drydock in Belfast, the largest in the UK". The vessel is expected to be in the dry dock for a period of five months through early 2024 and the contract value is expected to be between GBP60 million to GBP70 million. As part of the project delivery, GBP5 million will be made available to the company immediately.

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Victoria PLC, up 8.2% at 710.00p, 12-month range 300.00p-726.06p. The flooring manufacturer confirms that trading in the first quarter of financial 2024, which runs to April 1, 2024, will be in line with its expectations and consistent with consensus expectations for financial 2024. It says demand remains generally stable across the company's markets and margins are improving in line with a fall in input costs. The company said it plans to release its full-year results for financial 2023 on August 15. It expects revenue and underlying earnings before interest, tax, depreciation and amortisation to be in line with market expectations.

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AIM - LOSERS

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Wishbone Gold PLC, down 18% at 2.43p, 12-month range 1.41p-18.50p. The Australia-focused mining company says it has raised GBP1.4 million through a fundraise of 59.1 million shares priced at 2.4p each. This represents an oversubscription of 42% against the initial target subscription of GBP1 million. The company says the net proceeds will provide additional working capital for the company but will primarily be used to fund the exploration programs on Red Setter and Cottesloe. Chair Richard Poulden says: "We are immensely grateful for the support of existing shareholders and new investors in the current challenging financial markets. We are looking forward to the next round of exploration based on the new analysis of Red Setter and Cottesloe."

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By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
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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