Halosource CP S Share Discussion Threads

[vauch] 03/10/2018 09:21

Latest news looks like a game changer could hit 10p in coming weeks

[dlku] 20/11/2015 07:47

delays in key customer rollouts

should get hammered today

[hybrasil] 10/6/2014 19:05

Why the daft spread?

[sammy_smith] 10/1/2014 14:03

LISTEN: HaloSource (HAL) - Trading Update

Click the link below to listen

[nw99] 06/8/2013 07:56

Good update

[andrbea] 09/12/2012 18:35

private company, based in Seattle. No obligation to report financials.


here's a reason for the recent rise in the SP

[snatander] 03/11/2012 10:15

Take it easy fella, the next one will be at 5p

[stegrego] 01/10/2012 13:13

Placing at 20p - these should be much lower than this - but HALO was already at 21p....

Anyone who bought in at the first placing must feel a right mug now - 135p and now 20p just 2 years later.....

[andrbea] 01/10/2012 10:42

big fall on HAL
while sister share HALO is blue

weird markets these.......

[cerrito] 06/8/2011 15:32

anyone here following this?
I had never heard of them till going through the Origo announcement-I have the Origo zeros and have looked at given my interest in water.
Good news is that in a very attractive sector and have $30m+ of cash..bad news is delays and fact that last year cash burn was $18m
I guess good news is that have a solid set of shareholders which means that there appear to have been no trades on the LSE since July 6.
Will await the interims

[cnx] 23/10/2010 18:29

my broker killik are using HALO, so that is where i will follow this

[tenapen] 23/10/2010 09:33

Cheers for Trying Stegrego :-)

FT
Shining a light on the tough outer shells of likely investors

By David Blackwell

So it has been beaten to market by Halosource, the maker of the natural biopolymer. It has raised $50m (£31.5m) of new money, or about five times what ProPhotonix is seeking, and will have a market capitalisation of about £100m. The shares, placed at 135p each, will be admitted to Aim on Monday ....(18 October).

A demonstration last week of the biopolymer's effect when added to a jar of dirty water certainly had the wow factor. The contaminants coagulated and sank to the bottom. The company claims the product removes clean water from dirt, rather than the other way round.

But that is only one part of the business. The more powerful attraction to investors is the company's water purification devices, which use a biocide manufactured in the form of insoluble beads that kill viruses and bacteria on contact.

The target market is consumers in emerging economies such as China, India and Brazil. A device fitted with a cartridge of the beads about the size of a 35mm film cassette can provide a family with clean water in the kitchen for six months. It is the only purification device intended for long-term daily use to be registered by the US Environmental Protection Agency.

Early investors in Halosource, which is based in Washington state, have included Unilever and Mars, as well as Origo, the Aim-quoted private equity vehicle specialising in Chinese companies. Origo saw the potential for Halosource in the Chinese market and invested $10m in 2008 for a 15 per cent stake. It has sold down its stake to about 4 per cent in the flotation, realising $11m.

Halosource has a long way to go from revenues last year of $11.8m and a net loss of $9m. But its flotation should be seen as encouraging for Aim.

John Kaestle, its enthusiastic chief executive, says he did not get "the deer in the headlights look" that appeared on the faces of potential investors in the US when he explained his target market was consumers in developing countries.

"London and Europe are ahead of the US in terms of clean technology," he says. "We got a great reception – nothing I have seen or heard would dissuade me from coming back to raise more capital."

[stegrego] 21/10/2010 20:55

Hi,

Nope, the news seems to only appear on the ticker HAL, thats what they release the RNS's under.

So we can move thread, but it wont have any news in the news box....

[tenapen] 21/10/2010 16:18

Hi Stegrego,
Thanks for starting this Halosource thread. It will prove very confuseing to hold Halo shares but post on this Hal thread !. As you point out there will not be many holders of Hal so i wondered, if you deleted this thread would the RNS switch over to the Halo thread ?. Anyway good thread and i hope it gets very busy :-).

Regards.

[stegrego] 21/10/2010 12:35

Both shares have different pricing, which is mightly confusing too...

[stegrego] 21/10/2010 12:31

HAL is Reg S registered and not Crest, whereas HALO is the ticker for the DI and Crest registered shares.

I think the HAL ones need to you to fill in one of those forms for dealing in US shares but not sure.

Ive created 2 threads, but this appears to be the one with the news ticker on, so even though these arent the shares most people will buy, its the thread i will use (unless any of the above info is wrong)

[stegrego] 21/10/2010 12:25

Admission to trading follows a placing of the company's new and existing Common Shares, which raised approximately £50.4 million ($80 million) before expenses, of which approximately £31.5 million ($50 million) was raised for the Company and approximately £18.9 million ($30 million) for certain selling shareholders. The Company will be capitalised at approximately £100 million ($158 million), at the placing price of 135 pence per share, when the shares commence trading this morning. Following the placing, HaloSource has 73,771,162 Common Shares in issue.



The unrestricted Common Shares trade under the ticker HALO.LN with ISIN US40638H1086 and may be traded as Depositary Interests in CREST. The new Common Shares and some of the existing Common Shares trade under the ticker HAL.LN with ISIN USU4063G1077 and are Reg S restricted and therefore trade outside CREST.


HaloSource is a clean water technology company, headquartered in Seattle, US with operations in India and China. It is focused on the provision of cleaner, clearer and safer water using its proprietary N-halamine bead technology to clean and purify water, killing bacteria and viruses that may cause disease.


While HaloPure provides safer drinking water; SeaKlear and StormKlear products use a second technology based on natural bio-polymers to provide water clarification and antimicrobial applications for treating recreational and environmental water; and HaloShield facilitates the binding of chlorine-based bleach to textiles such as sheets, lab coats and towels.


About HaloSource's Markets

HaloPure products are principally targeted at consumers in emerging market countries, where access to safe drinking water is particularly poor. In an independent analysis of the global Point of Use drinking water device market, Frost and Sullivan concluded that:

· the market for residential water treatment equipment in China was estimated at $960 million in 2005, growing at an annual rate of 20.4 per cent between 2004 and 2011;

· the market for residential drinking water devices in India was estimated at $425 million in 2009, and experiencing growth of approximately 25 per cent annually; and

· in 2005 the global markets for filtration formats in the form of under-the-sink, counter top and replacement cartridges were growing annually at 20 per cent, 21 per cent and 18 per cent, respectively.

The World Health Organisation has estimated that 1.1 billion people lack access to safe drinking water and the Centre for Disease Control is recommending Point Of Use filtration and disinfection.




Other HALO thread -

[ariane] 26/1/2007 12:36

Halliburton 4Q profit declines


HOUSTON (AFX) - Oil industry services provider Halliburton Co. said Friday
its fourth-quarter profit fell 40 percent, due in large part to a year-ago gain,
but the results still managed to beat Wall Street's expectations.
Earnings fell to $658 million, or 64 cents per share, compared with $1.1
billion, or $1.04 per share, during the same period a year ago.
The prior year's results benefited from $540 million, or 51 cents per share,
of income related to a reduction in a deferred tax asset valuation allowance.
Analysts polled by Thomson Financial were looking for earnings of 61 cents
per share.
"Although we experienced weather-related activity decreases and holiday
impacts in the United States during the fourth quarter, we expect demand for our
services to remain strong throughout 2007," Chairman, President and Chief
Executive Dave Lesar said in a statement.
Quarterly revenue rose 8 percent to $6.02 billion from $5.57 billion in the
previous year on more activity in the company's energy services group, which was
partially offset by lower revenue from KBR due to decreased activity on
government services projects for the military.
KBR sales fell to $2.5 billion from $2.7 billion.
Consensus estimates put fourth-quarter revenue at $5.9 billion.

[waldron] 28/2/2006 06:15

Halliburton to be reimbursed for most disputed Iraq contract costs

WASHINGTON (AFX) - The US Army has decided to reimburse Halliburton most
costs incurred in a 2.4 bln usd no-bid contract in Iraq despite challenges by
auditors of more than 200 mln usd of the costs, officials confirmed.
The controversial contract to deliver fuel and repair oil facilities after
the 2003 US invasion of Iraq has been at the center of a long-running
controversy over allegations of inflated fuel costs and other problems.
Auditors from the Defense Contract Audit Agency questioned more than 206 mln
usd in costs submitted by Kellogg Brown and Root (KBR), the Halliburton
subsidiary awarded the no-bid contract, according to a summary provided by the
Army Corps of Engineers.
"Ultimately the contracting officer found most questioned costs, which KBR
actually had incurred in executing the mission, should be reimbursed," the corps
said in a statement.
KBR was not reimbursed for 3.8 mln usd of disputed costs incurred in
importing and distributing fuel, according to corps.
The corps also said that about half the questioned costs were excluded from
the amount used to calculate fees to KBR. Under the contract, KBR gets a fee of
between two and five pct of its costs.
The corps argued in a statement that although some of KBR business practices
were questionable, audits had verified that the work KBR billed for had been
done.
jm/kd/dg/tr

[ariane] 16/2/2006 06:23

American engineers in line for jobs until 2080 on Britain's nuclear clean-upGovernment prepares first tender for this year

Terry Macalister
Thursday February 16, 2006
Guardian

A small group of American companies such as Bechtel and Fluor look set to grab the lion's share of a £50bn British nuclear clean-up programme which should get the green light within weeks but take decades to complete.The government will start this latest privatisation by approving a draft strategy for dealing with the legacy of the atomic power industry, submitted by the Nuclear Decommissioning Authority. It is also expected to give the go-ahead for the controversial sell-off of state-owned British Nuclear Group (BNG), the operating arm of British Nuclear Fuels, which manages the huge Sellafield fuel reprocessing plant in Cumbria.

It comes as the operation of Sellafield has been criticised for the way it accounts for nuclear materials. Yesterday BNG was warned by the European commission that that it was failing to meet EU standards and told to step up its controls.

The first tender in the privatisation process however will probably involve management of the low-level waste site at Drigg, near Sellafield, and is likely to go out this year. This summer the energy minister, Malcolm Wicks, will receive an expert report and make his own recommendation to Tony Blair on how to bury nuclear waste, an issue that his predecessors have, in his words, "disgracefully" neglected.

The issue has become of burning importance in Whitehall because the authorities are in the middle of an energy review which, among other things, must consider whether a new generation of atomic plants should be built.

The government accepts that a sceptical public would not even consider this relatively carbon-neutral alternative until it felt confident that serious steps were being made to tackle the legacy of the past. But so far, decommissioning has been slow at parts of Sellafield and seven of the 11 Magnox reactor sites, such as Hunterston A, Hinkley Point A and Bradwell, which have already ceased operation.

American companies have already started positioning themselves for the privatisation of the British clean-up. Some of the jargon in the decommissioning agency's draft strategy reveals who helped write it - Bechtel, which acts as a consultant to the agency. Equally, Fluor is already helping BNG with decommissioning at Sellafield and has 21 staff in Britain to help.

Other US companies are jockeying for position: · CH2Hill has teamed up with the state-owned UK Atomic Energy Authority in a consortium that is expected to bid for decommissioning work.

· EnergySolutions, a company controlled by New York venture capitalists, has just bought BNG's American arm for around $80m (£46m) and says it will be competing for British work.

· Bechtel, which controls part of London Underground, Jacobs, and other US engineering firms are considered by industry experts to be the most likely to purchase BNG, probably through a consortium.

BNFL, meanwhile, has just sold Westinghouse, its US-based nuclear engineering and design business, to Toshiba for $5.4bn (£3.1bn) leaving it with BNG, research arm Nexia and a one-third stake in the uranium enrichment company, Urenco.

No one inside or outside the companies and agencies of the British nuclear business wants to be quoted publicly, but there is a consensus that large foreign engineering firms are almost certain to be the winners.

"You only have to look around and see who is really interested and has the experience in the nuclear waste problems. There is the odd French or Japanese firm, but basically it is the large US firms," said one industry expert.

The American companies are likely to try to beef up their Britishness by bringing in domestic firms or organisations. The Atomic Energy Authority will be in demand, as will Amec, one of the few British firms of any size to commit itself to nuclear.

Lawrie Haynes, the chief executive of BNG, is an enthusiastic champion of a sell-off involving his company. "There are many reasons for placing BNG inside the ownership of a major business. We need a partner with project management skills and bidding skills who can bring in new people and allow our existing staff to widen their career opportunities," he says.

However he is clear that BNG needs an owner committed to safety and engineering rather than a financial buyer looking for a quick return on capital. "I want a trade buyer. I want someone who can help with the performance of a complex site such as Sellafield, not someone who is worried every minute about the share price," he says.

Sellafield is one of the biggest nuclear sites in Europe, employing more than 10,000 people, and is far more complex than other sites which tend to house single power plants. Such is its complexity there is talk of decommissioning work being broken up into separate contracts.

The site is home to Calder Hall, the first British civil nuclear station, and an array of other operations including Thorp, the spent nuclear fuel reprocessing plant, and SMP, which was built to produce Mixed Oxide Fuel for overseas customers using plutonium and uranium. Formerly known as Windscale, it is the site where plutonium was produced for nuclear weapons.

The Nuclear Decommissioning Authority believes the Sellafield clean-up will take at least 75 years. Legacy issues there include the continuing clean-up resulting from the 1957 shutdown as a result of a fire, and dealing with a number of "ponds" where waste was dumped fairly indiscriminately.

The scale of the problems at the 770-acre site near Whitehaven is spelled out in the decommissioning authority's draft strategy. "At Sellafield, it has been estimated that there may be as much as 20 million cubic metres of contaminated land, some of which is deep underground, resulting largely from leakages from legacy sites," it says.

At the B30 storage pond, the European commission has complained that it has not been possible to carry out checks to ensure that fissile materials intended for the civil nuclear programme have not been diverted to the military. The government denies this but the decommissioning authority admits: "Delays in spent fuel retrieval have resulted in the long-term underwater storage of the spent fuel in B30, which has resulted in serious degradation of the fuel."

Dave Skilbeck, who is in charge of the B41 solid waste storage "silo" at Sellafield, admits that there is only a partial inventory of what was thrown into the facility he is decommissioning.

Some of the problems, according to BNG managers, stem from when the plant was asked to work flat out during the miners' strike of 1984-5 to keep the lights on. Waste problems were rather pushed to one side.

Standing in the howling wind at the top of the reinforced concrete tower with only the odd seagull as company, he says: "There was no thought of how you dealt with this later."

In numbers:

Estimated cost of the entire nuclear clean-up programme: £50bn

Estimated cubic metres of contaminated land around Sellafield: 20m

Minimum number of years nuclear clean-up is expected to take: 75

Number of employees at the Sellafield nuclear plant: 10,000

FAQ

What is nuclear decommissioning and clean-up?

It is dismantling nuclear power stations and other plants at the end of their working life. They must be taken down step by step and the site left, in theory, as it was originally.

What about the waste?

This is being looked at separately. But a decision will be made - hopefully this year - on how to bury or dispose of in other ways all the nuclear waste produced in this country so far.

Who controls decommissioning?

The state National Decommissioning Authority (NDA), under Sir Anthony Cleaver, was established in April with a £2bn-a-year budget for waste.

How long will all this take?

Within 25 years the NDA hopes to have all 11 Magnox power stations cleared and available for alternative use. It intends to do likewise at research facilities at Harwell, Oxfordshire; at the Winfrith experimental reactor site in Dorset and the uranium enrichment plant at Capenhurst, near Chester. It could take 75 years to fully decommission the most complex site, Sellafield.

Why are foreign companies poised to win contracts?

Decommissioning is thought likely to be achieved more quickly and more efficiently by the private sector. Much of the financial muscle and expertise is based in the United States.

Is it sensible to sell British Nuclear Group, our own nuclear operator and decommissioning expert?

The government thinks it is but critics question why the bulk of the British nuclear industry is being dismantled and sold at a time when we might be going ahead with a new generation of atomic power stations.