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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Halosource CP S | HAL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.55 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.55 | 0.55 |
| Top Posts |
|---|
Posted at 23/10/2010 09:33 by tenapen 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." |
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