We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Heiq Plc | HEIQ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.50 |
| Industry Sector |
|---|
| CHEMICALS |
| Top Posts |
|---|
Posted at 14/11/2024 11:45 by hedgehog 100 14/11/2024 07:00 RNS Regulatory News HeiQ PLC Update on Delisting and Potential Capital Raise LSE:HEIQ Heiq Plc"Further to the announcement on 22 October 2024 regarding HeiQ Plc's delisting from the London Stock Exchange ("LSE"), the Company wishes to update shareholders on the next steps following its scheduled delisting on 19th November 2024. Last trading day at LSE As it is anticipated that the delisting will become effective at 08:00 a.m. (GMT) on 19 November, 2024, the last effective trading day of HeiQ Plc shares ('Ordinary Shares') on the LSE will be Monday 18 November 2024. Strengthening of financial foundation by means of a capital raise In alignment with our strategic restructuring and ongoing efforts to reposition the Company for long-term growth, HeiQ is currently preparing for a capital raise in the coming weeks via an open offer to all current shareholders. This anticipated capital raise is designed to strengthen HeiQ's financial foundation and support our ambitious venture scale-up plans to deliver value to all stakeholders. Therefore, HeiQ has initiated discussions with selected independent investors who have expressed interest in supporting the Company during this transition and beyond. It is anticipated that a number of investors will formally underwrite the capital raise, providing assurance and confidence in our strategy. Further details regarding the capital raise and open offer terms will be provided to shareholders in due course as we progress toward finalizing these arrangements. The Board remains committed to ensuring that all shareholders are afforded an opportunity to participate in the Company's future. Secondary trading post-delisting The Company has now appointed Asset Match (www.assetmatch.com) to facilitate trading in the Ordinary Shares following delisting. Asset Match, a firm authorized and regulated by the Financial Conduct Authority (FRN 579310), will operate an electronic off-market dealing facility for the Ordinary Shares. This facility will allow existing holders of Ordinary Shares in the Company ("Shareholders") and new investors to trade Ordinary Shares by matching buyers and sellers through periodic auctions. Investors are encouraged to register on www.assetmatch.com and add HeiQ to their 'Watchlist' to continue to receive Company updates and auction/price information. Please note the HeiQ page on the Asset Match website will go live on 19 November 2024, while the investor page on HeiQs website will reflect the private status of HeiQ going forward. The Asset Match trading facility operates under its own code of practice which governs the behaviour of participants and the running of the periodic auctions. Asset Match operates an open auction system where volumes of bids and offers at different prices are displayed on its website together with the closing date of the auction. At the end of each auction period, Asset Match passes this information through a non-discretionary algorithm that determines a "market-derived" share price based on supply and demand and allocates transactions accordingly. Bids and offers may be made and withdrawn at any time before the closing date of each auction. Shareholders will continue to be able to hold their shares in uncertificated form (i.e. in CREST) and should check with their existing stockbroker whether they are willing or able to trade in unquoted shares. Shareholders wishing to trade shares through Asset Match must do so through a stockbroker. A comprehensive list of stockbrokers who have signed up to access the Asset Match platform is available on request. Shareholders may contact Asset Match in relation to any queries regarding trading via the secondary market trading facility by emailing dealing@assetmatch.c The Board would like to thank shareholders for their continued support and will provide additional updates as appropriate. For further information, please contact: Rita Brandao investors@heiq.com" Note that as at 30.6.24, HEIQ had net debt of US$13.5M., which will now be significantly higher:- 31/10/2024 07:00 RNS Regulatory News HeiQ PLC Results for 18-month period ended 30 June 2024 LSE:HEIQ Heiq Plc " ... Cash at 30 June 2024 of US$5.0 million with net debt (including lease liabilities) of US$13.4 million ..." This needs to be added to HEIQ's market cap. of £6.74M. at 4p/share, to give the enterprise value: probably somewhere in the region of c. £20M. And if that e.v. is reduced by c. a quarter, it could reduce the market cap. by c. three quarters, to c. a penny per share. "What Is Enterprise Value (EV)? Enterprise value (EV) measures a company’s total value. Its calculation includes not only the market capitalization of a company but also short-term and long-term debt, as well as any cash or cash equivalents on the company’s balance sheet. It is often used as a more comprehensive alternative to market capitalization when valuing a company." |
Posted at 25/10/2024 17:19 by ali47fish shouldnt one sell before the delisting since retail investors will get nothing sfter that? or am i missing something |
Posted at 22/10/2024 10:53 by zen12 They have it in place see RNSDealing ArrangementsFollowin |
Posted at 13/8/2024 09:21 by tvh123 Textile Technlogy have fudged up with the title - funding is being sought, and hasn't been secured.HeiQ AeoniQ have publised a Series A investor presentation on their website: hxxps://www.heiq.com |
Posted at 29/2/2024 12:19 by gamblor1 The latest convertible loan has been invested in by the CEO and many other key players and investors, so they must still be optimistic? |
Posted at 06/11/2023 14:09 by hedgehog 100 30/10/2023 07:01 UK Regulatory (RNS & others) HeiQ PLC Interim Results LSE:HEIQ Heiq Plc"Half year results for the period ended 30 June 2023 ... Financial Overview: -- Revenue reduced by 26% to US$20.5 million (H1 2022 restated*: US$27.6 million) -- Gross profit margin of 40.9% (H1 2022 restated*: 41.5% in H1 2022) -- Adjusted EBITDA of US-$3.6 million (H1 2022 restated*: US$0.7 million) -- Operating loss of US-$6.0 million (H1 2022 restated*: US-$1.6 million) -- Loss after taxation of US$-6.5 million (H1 2022 restated*: profit of US-$1.9 million) -- Cash balance as at 30 June 2023 of US$7.3 million * Details on restatements of prior year financial information are disclosed in Note 2 of t he Consolidated Financial Statements. Operational Overview: Trading conditions for the markets of our commercialized product range continued to be challenging during H1 2023 and, as highlighted in detail in our Full Year results for the 12 months to 31 December 2022, the Company took decisive steps to reduce its cost base and reorganize the business to maintain its innovation and differentiation capabilities during the period under review. With costs reduced and operations adapted in light of the challenging headwinds our entire industry is facing, the Company expects H2 2023 trading to stabilize ... Liquidity as of 30 June 2023 & Going Concern Assessment As of June 30, 2023, the Company reports a cash balance of US$7.3 million (December 31, 2022: US$8.5 million). To manage its cash balance, the Group has access to credit facilities totalling CHF9.0 million (approximately US$9.8 million as of September 30, 2023). The credit facilities are in place with two different banks and both contracts have materially the same conditions. The facilities are not limited in time, can be terminated by either party at any time and allow overdrafts and fixed cash advances with a duration of up to twelve months. As of September 30, 2023, the Group has drawn CHF6.3 million of the facilities (CHF2.4 million as of December 31, 2022) (see Note 2 for details including maturity dates). The facilities are not committed, but the Board has not received any indication from financing partners that facilities are at risk of being terminated. Furthermore, the Board is in discussions with financial institutions to replace the currently uncommitted credit facilities by committed, long-term facilities, but the outcome of these discussions remains uncertain. The Group's directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future and operate within its credit facilities for the period 12 months from date of signature. Nevertheless, the Board acknowledges the uncommitted status of the facilities which could be terminated requiring the refinancing of debts, and which casts material uncertainty on the going concern assessment until appropriate longer-term funding is in place. Further disclosures on the going concern assessment are made in the notes to the financial statements. ..." So HEIQ expects H2 trading to "stabilize". I take that to mean that they expect it to be similar to H1, as opposed to getting worse. Though this is still just an expectation, two thirds of the way through this period. And this is despite having reduced costs in H1. Other things being equal, such stabilisation would suggest a H1 operating loss of c. US$6M., like H1. Cash at 30.6.23 was US$7.3M., but this is balanced out by the short-term borrowings of US$7.47M. at 30.6.23. HEIQ has CHF9.0 million (equating to c. US$9.8 million as at 30.9.23) of (discretionary) credit facilities, but as at 30.9.23 had drawn down 70% of these, with just CHF2.7 million left, having drawn down CHF3.9 million in the first 9 months of this year, an average drawdown rate of CHF1.3 million per quarter. So at this rate of drawdown the facility would be exhausted by early April 2024. That seems incongruous with the company's indication that funds should last until late October next year. In order to last that long, with no additional injection of funds, you would think that trading would have to improve significantly ... whereas the company is only expecting stabilisation. Replacement of the short-term credit facility with a long-term facility of the same size wouldn't actually provide more money. So the bottom line is that the company looks to be running out of money, and has a bad track record of misleading investors with its forecasts. A big placing looks to be the most likely outcome, probably within the next few/several months. And in the current very bad fundraising environment for loss-making companies like this, that is likely to be at a lot less than the current share price of 20p. That I believe is why HEIQ's CEO hasn't bought shares since the company's return from suspension, despite coming out of the close period: he's 'keeping his powder dry' for a forthcoming discounted placing. And if he apparently doesn't have confidence in the current s.p., despite the big drop since his buys in January at 28p average & 34p, then why should anyone else? |
Posted at 03/11/2023 11:57 by pugugly Darren Morcombe – Chairman of the Board2001 to current Springtide Capital Pty Ltd Founder & Ex-ChairmanCurrent CVW CleanTech Lead Investor & ChairmanCurrent Foran Mining Corp (FOM.V) Founder, Lead investor & Advisor to CEOCurrent Heiq (HEIQ. |
Posted at 01/11/2023 19:22 by hedgehog 100 Packman,It's over a year since HEIQ filed this complaint:- 10/10/2022 06:00 UK Regulatory (RNS & others) HeiQ PLC Files Breach of Exclusive Agreement Complaint LSE:HEIQ Heiq Plc Though as far as I'm aware, they still haven't commenced legal proceedings. We don't have the detail to give an informed opinion on the merits of this claim, so here are just a few general points of mine, for what they're worth:- • Things are moving very slowly, and will probably continue to do so. • There are two sides to every story. • The market will likely largely discount any potential settlement until any is achieved. • This claim is probably as likely to put off potential investors as attract them. |
Posted at 30/10/2023 13:16 by hedgehog 100 30/10/2023 07:00 UK Regulatory (RNS & others) HeiQ PLC Results for year ended 31 December 2022 LSE:HEIQ Heiq Plc" ... Financial Overview: -- Revenue reduced 14.8% to US$47.2 million (FY 2021 restated: US$55.4 million*) -- Gross profit margin down 17.3% to 28.5% (FY 2021 restated: 45.8%*) -- Adjusted EBITDA decreased to US-$12.2 million (FY 2021 restated: US$4.5 million*) -- Operating loss of US-$29.2 million (FY 2021 restated: US$-1.4 million*) -- Loss after taxation of US$-29.8 million (FY 2021 restated: US$-1.4 million*) -- Cash at year-end of $8.5m with net debt (including lease liabilities) of US$3.7 million ..." 30/10/2023 07:01 UK Regulatory (RNS & others) HeiQ PLC Interim Results LSE:HEIQ Heiq Plc "Half year results for the period ended 30 June 2023 HeiQ Plc (LSE:HEIQ), a leading company in materials innovation and hygiene technologies, announces its interim results for the period ending 30 June 2023 ("H1 2023"). These results are published concurrently with the Company's final results for the full year ended 31 December 2022 ("FY 22"). Restoration of Trading: As detailed in the FY 22 results, upon uploading the Annual Report 2022 to the National Storage Mechanism, expected to be completed today, the Company will make an immediate request to the FCA for the Company's Ordinary Shares to be restored to trading on the Main Market of the London Stock Exchange as soon as practicable thereafter. A further announcement will be made confirming the exact time and date of resumption of trading. Financial Overview: -- Revenue reduced by 26% to US$20.5 million (H1 2022 restated*: US$27.6 million) -- Gross profit margin of 40.9% (H1 2022 restated*: 41.5% in H1 2022) -- Adjusted EBITDA of US-$3.6 million (H1 2022 restated*: US$0.7 million) -- Operating loss of US-$6.0 million (H1 2022 restated*: US-$1.6 million) -- Loss after taxation of US$-6.5 million (H1 2022 restated*: profit of US-$1.9 million) -- Cash balance as at 30 June 2023 of US$7.3 million Operational Overview: Trading conditions for the markets of our commercialized product range continued to be challenging during H1 2023 and, as highlighted in detail in our Full Year results for the 12 months to 31 December 2022, the Company took decisive steps to reduce its cost base and reorganize the business to maintain its innovation and differentiation capabilities during the period under review. With costs reduced and operations adapted in light of the challenging headwinds our entire industry is facing, the Company expects H2 2023 trading to stabilize. Post Period: The Company is closely monitoring the market and is ready to take further cost reduction action, should it need to. We continue to add value to our high potential key innovation initiatives through focused investment, to position ourselves for when the macro-economic difficulties abate. While the Board considers the Company has adequate resources, it is in discussions with financial institutions to replace the currently uncommitted credit facilities by committed, long-term facilities. Equity analyst and shareholder presentations: Following the resumption of trading in its ordinary shares the Company will announce registration details for two live presentations. These presentations will cover today's results and will be held separately for both equity analysts and investors. ..." |
Posted at 30/10/2023 07:48 by hibberts The results were never going to be good.The fact that the shares commenced trading and the management are having an investors presentation gives me some hope.I really thought it was game over for shareholders. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
