Harland & Wolff – “pleased to announce” subcontract, but will it deliver what it ‘expects’?
Fabrication business Harland & Wolff (HARL) “is pleased to announce that the company has now formally executed the Subcontract with Navantia UK Limited… the company will be responsible for delivering works which are expected to generate revenues of between £700 million and £800 million to the company by the time the final vessel is delivered”. So what of a current share price response to 18.75p – down over 6% and to a £32.4 million market cap?


