Harland & Wolff – What a surprise..a placing! SELL! There is another one coming soon!
By Peter Brailey | Tuesday 23 November 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
When I last wrote about Infrastrata (INFA) in July, I predicted a placing was only a matter of time. The company has changed its name to Harland & Wolff (HARL), but the inevitable has now arrived. A placing at 20p – a whopping discount of 31% to yesterday’s closing price of 29p, and below the price of 23.4p when I commented last in July. The only surprise in the relatively small quantum and the delay, but don’t worry if you miss taking part in this placing – i rather think another one will be coming along shortly.
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