Haydale Graphene Industr... Share Discussion Threads

[timbo003] 10/3/2016 21:53

There was a very encouraging press release yesterday from Huntsman (Haydale's chosen partner for Epoxy resin composites) which seems to have gone largely unnoticed.

[runwaypaul] 09/3/2016 10:10

oi guesswork!

you in HNR yet or still dithering about like a hairy granny?

[jusguessing] 09/3/2016 10:02

2 points re the drop.

Many have been hammered in their portfolios. I don't have any of these but have been looking at the technology in general for various companies in the UK and around the world.

1 Lot's of good news for Hayd but in revenue terms the big bucks are years away for this type of tech. The benefits are obvious but testing and specifically longevity testing takes time. No matter how good the end product may be how can anyone accurately give a life span to it as it changes the dynamics of a composite.

2 Probably the main reason. Please refer back to line one. The Hayd share price has given plenty a profit in portfolios of losses. It's the 30 day game in play I suspect to secure profits against losses etc for the tax year. It happens every year.

[petewy] 01/3/2016 09:21

I'm back in small at £1.24. Needs a statement from Management or a director buy.
It's dropped by a third and back to last July levels.

[timbo003] 29/2/2016 14:46

>>>thanks petewy

I'm away in Utah at the mo' and not really able to take time out right now, but I wonder the fall may coincide with a three year anniversary of an EIS qualifying share issue? Will check the Aim admission document later to see.

[petewy] 29/2/2016 12:54

Thanks Know. Excellent demo bad video production.
I learn more about Haydale on this board (timbo esp.) than from the company.

[knownowt] 29/2/2016 11:52

An interesting article from the Institute of Electrical and Electronic Engineers' news sheet :



The video is fascinating.

[blondviking] 29/2/2016 09:45

Thanks, I got in at 50p but it is difficult to sell any quantity without effecting price, so I will sit it out - I think

[blondviking] 29/2/2016 09:11

Why the big fall today?

[timbo003] 18/2/2016 10:50

Haydale have the same broker (Cantor Fitzgerald) as Surface Transforms (they produce high performance carbon fibre brake discs).

I hope they've got the two companies talking to one another on applications for graphene in high performance brake discs.

[timbo003] 18/2/2016 10:42

Directors talk Interview with Ray Gibbs on New patent applications and award of Research Grants (17th Feb 2016)

[timbo003] 16/2/2016 07:50

That is a lot of grants (5) and its a decent amount of cash too (£350K).

I think I have heard the company discuss the first 4 applications before, but the brake application may be new (at least to me)

[petewy] 14/1/2016 14:02

Holding steady.
Promised news in December...maybe soon.

[blondviking] 05/1/2016 23:13

Good day today

[petewy] 16/12/2015 16:52

Thanks a lot Timbre. Eternally grtfl.

[aaargh] 16/12/2015 16:00

Timbo003: Sorry that I am bit late in doing this but I just wanted to say a big "Thank You" for taking the time and effort to share your AGM report.

Very enlightening and very much appreciated!

[timbo003] 10/12/2015 05:22

Just to follow up on the AGM comments on Boron Nitride: The BOD clearly see this as another big opportunity and it does look like an interesting material: very similar to Graphene from a structural perspective, but it's a white powder (not black) and non-conducting (unlike graphene).



Wiki pages: <............_.
Scholarly Articles: <....

[timbo003] 05/12/2015 11:55

The Haydale AGM was held earlier this week (Thursday 3rd December) at the company solicitor's offices, 9th Floor, Riverbank House, 2 Swan Lane, London, EC4R 3TT. There were probably around 20 - 25 people in attendance which included the BOD, a few functionaries and around 10 ordinary shareholders.


The Chairman John Knowles (JK) kicked off the meeting with a ten minute summary of the company’s achievements during the last year which included a short Q&A session. We then whizzed through the resolutions, all of which were passed either unanimously or with very large majorities on the proxies, we then had a much longer Q&A session with which went on for around 40 minutes with Ray Gibbs (RG) fielding many of the questions, this was followed by coffee (20 minutes) with a chance to chat informally to the directors and other shareholders.


During the introductory summary, JK seemed to put the greatest emphasis on the acquisition and integration of EPL at the end of last year (now renamed Haydale Composite solutions) and stressed how it should greatly assist in getting graphene adopted by composite suppliers and end users. There were name checks for Scott Bader (polyester based composites) and Huntsman (Epoxy resin composites), both of whom have recently signed up with Haydale on collaborative projects.




The recent successful fundraising was discussed and I took the opportunity to commend the BOD for including an open offer (OO) with the placing (as per suggestions at the open day last June). I suggested that should they raise further funds in the future, that they should consider including an OO once again. I think this suggestion met receptive ears. JK stated that the BOD were very pleased with the uptake (The placing was oversubscribed and OO was more or less fully subscribed) but questioned whether shareholders understood that they could apply for an over allocation in the OO. I confess I didn’t participate in the OO (I was out of the country for all of November so didn’t receive the paperwork) but I would have gone for an over allocation had I been able to apply, especially as the OO shares should qualify for generous EIS tax reliefs (effective purchase price 112p/share after tax relief).


There were a couple of questions regarding the sale of the first (modified) plasma reactor to CPI:

Was it sold at a profit and will it make money through toll fees going forward? We didn’t get an entirely straight forward answer, but we were told that Haydale secured the sale following a competitive tender that it was an important sale as it gives the company the opportunity to showcase their technology and capabilities (CPI operate with graphene on an open access model). The commissioning of the reactor at the CPI facility has just been completed with full involvement from Haydale staff.


I asked whether the plasma reactors were suitable for both graphene nano platelets and monolayer graphene which spawned an interesting and informative discussion. The BOD’s view is that Haydale should concentrate on nano-platelets rather than mono-layers, relative cost was given as the principle reason. Mono-layers are much more expensive to produce and are probably unlikely to offer significant advantages over nano-platelets for many of the intended uses of graphene. We were told that having a reliable and consistent source of feedstock graphene (nano-platelets) and security of supply was imperative. Haydale have signed up with two separate suppliers for their graphene feed stock: AMG who mine high quality graphite in Sweden and Talga resources who mine their high quality graphite in Sri Lanka, in both cases the graphite is converted to graphene nanoplatelets via a micronisation process.




I had a few questions regarding Ian Walters and his new Graphene company Perpetuus

Ian is an ex-director at Haydale and named inventor on some of Haydale’s patents (see early posts in this thread for details). Perpetuus’s commercial objectives are similar to those of Haydale’s and like Haydale they are located in South Wales. Perpetuus have now gone very quiet after making a lot of noise at the beginning of the year, they made an aborted IPO attempt early this summer and their principle patent application was savaged by the IPO international search report and is therefore most unlikely to grant in any meaningful form. The BOD do not currently have a view on whether Perpetuus would infringe Haydale’s IP should they use their preferred process as disclosed in their patent application, but Perpetuus have not (yet) commercialised their derivatised graphene so this is not currently an issue.


In response to a further question on Perpetuus, we were informed that the recent complaint to the ASA regarding some of Perpetuuss’s claims on production capacity was not initiated by Haydale.



The importance of the recent grants of Haydale’s core process patent was emphasised a number of times during discussions and RG emphasised that it covered other potentially useful nano platelets such as boron nitride, which unlike graphene is a non-conductor of electricity. Such non conducting materials may be particularly useful as additives to composites where strength, weight and lack of conductivity are considered desirable features.


Whilst discussing IP matters, I asked the BOD whether they could expand on any of the recent UK patent applications made by Haydale over the last couple of few years which are listed on the IPO web site:

Not surprisingly they declined the offer to discuss the application entitled “Collar assembly” (which will not publish until March 2017) but were more forthcoming on the other application entitled “Method of characterising surface chemistry” (which published in October this year)



There was a question asked regarding which companies the BOD now considered to be their main peers (or competitors). In response RG stated that for composites Haydale were out on their own with no real commercial peers, but for inks he cited Vorbeck (who were also discussed at last year’s AGM, see link in header for details). Apparently Vorbeck have now achieved their first commercial sales for graphene conducting inks (the world’s first and only graphene-based RFID labels and hang tags).

The Vorbeck conductive inks can be applied directly onto fabric which seems like quite a neat idea for clothing and other cloth based merchandise. RG did add that he could envisage Vorbeck becoming a customer for Haydale at some time in the future.


I commented that JK had not mentioned the supercapacitor application for graphene during his introductory review, even though it was given some airtime at the open day earlier this year. We were told that the company were currently focusing on the two main opportunities (inks and composites) , but there was still some resource allocated to look at electrical applications (capacitors and batteries).


After about 40 minutes of Q&As JK bought an end to the formal meeting, I then took the opportunity to chat to a number of directors including Matt Wood (CFO) and Chris Spacie (R&D) on the onerous rule changes introduced in the budget (effective from November 18th 2015) for state aid funding (i.e. EIS and VCT investments)

Haydale have been a recipient of state aided funding in all their recent fund raising rounds (both pre and post IPO). Their view was that Haydale should be relatively unaffected by the rule changes (unlike many other SMEs), by virtue of being a young company (<7 years) and also being classified as “knowledge intensive” due to their extensive R&D ativities.

[18bt] 01/12/2015 08:28

Timbo, indeed with CGT deferral, income tax relief and being old enough to think about IHT releief, I don't need to make massive assumptions about investment gains to make EIS work! But the gains were down to a lot of luck ..

[timbo003] 01/12/2015 08:11

It's the AGM on Thursday, I intend go along, anyone else planning to attend?



The Company announces that its Annual General Meeting of shareholders will be held on Thursday, 3 December 2015 at 11.00 a.m. at the offices of Fieldfisher LLP, 9th Floor, Riverbank House, 2 Swan Lane, London, EC4R 3TT.

(Welcome 18BT, sounds like you are in a nice position to have some capital gains to defer from elsewhere)

[18bt] 28/11/2015 13:13

I've joine the party via the Octopus Eureka EIS fund. Will now have to swot up a little more on graphene.

[petewy] 25/11/2015 09:35

My allotment of shares under the issue is showing up in my account so I can trade them.
See how many are sold at a profit.

[timbo003] 25/11/2015 08:32

So it was Octopus who hoovered up all the placing shares and in the process have become a cornerstone investor.

Octopus are into VCTs and EIS funds (I hold a few shares in their Eclipse VCT) so no doubt the shares will have been allocated to either the EIS funds or one of their VCTs, or shared out between the two. If EIS then there will be a minimum 3 year holding period, there is no minimum holding period for VCTs.

[petewy] 05/11/2015 13:20

TDW are handling my share buys.
Major shareholders are 5%. Would like to know if any large ITs are buying into the issue, which is very over-subscribed.