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Heiq Investors - HEIQ

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%	9.20	15:19:46

Open Price	Low Price	High Price	Close Price	Previous Close
			9.20	9.20

more quote information »

Industry Sector
CHEMICALS

Top Investor Posts

Top Posts
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? Read Full Thread Reply
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? Read Full Thread Reply
Posted at 03/11/2023 11:57 by pugugly Darren Morcombe – Chairman of the Board 2001 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. Read Full Thread Reply
Posted at 03/11/2023 11:24 by catabrit Interesting RNS. I am surprised that Carlo did not buy. No disrespect to Darren who I am sure is a good investor but the fact that Amati sold almost their entire stake at the bottom says everything you need to know about HEIQ’s future shareholder base I.e it ain’t going to be institutional. The rise in the share price has made me look very stupid (happens all the time in the short term so I get used to it!) but I stand behind my thesis. I think this will be in the doldrums for a long time. Even the moonshot bets are way off from meaningful revenue and with rates at 5% and a tonne of VC type bets available at 15-35p in the £ (GROW and multiple others), I can’t see why the market would value HEIQ’s portfolio at a premium. It would not surprise me if this slowly faded down. It is now at a market cap where the vast majority of money just doesn’t give a damn. I look at the balance sheet and the cash flow statement and I look at the markets that HEIQ operates in and there is nothing that entices me to buy it. I suppose people will fall in and out of love with the story and good luck to them. Read Full Thread Reply
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. Read Full Thread Reply
Posted at 01/11/2023 18:14 by catabrit This is true and I am actually OK with the market embarrassing me. Happens all the time in the short term. Long term, I am embarrassing it and that’s all I care about. I am the fastest investor in the world to accept a loss. Soros would be proud! Why? Because my opportunity cost changes daily. Here I had bought at 19p odd pre suspension. Upon resumption of trading the bid was 8p. I decided to re underwrite at that price. So I held. 8 suddenly went to 14-15 and so I sold. So you can either look at it as a massive loss or you can view it as a double. I stand by my reasons and have plenty of places to put the money which offer a much better risk reward than HEIQ. I really hope this ten bags for everyone! Read Full Thread Reply
Posted at 31/10/2023 13:36 by catabrit Carlo has some nerve doing the investor meet whilst in the car!! Read Full Thread Reply
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. ..." Read Full Thread Reply
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. Read Full Thread Reply
Posted at 29/6/2023 17:02 by hedgehog 100 HEIQ was a RTO into the shell AUCT: announced & suspended on 25.9.20, & completed on 4.12.20, with relisting three days later. Not only was the RTO at a sizeable premium to the pre-existing s.p., but the share price of the enlarged entity then rapidly more than doubled. Since then the technology sector has suffered a massive collapse in valuations, so the subsequent fall of HEIQ should be seen in that context. But savvy investors should try to look for beneficiaries of this repricing. In this respect, these lower tech valuations etc. can work in a shell's favour, as it can get more 'bang for its buck', and the IPO route is less attractive compared to the RTO route. As an example related to HEIQ, the AUCT 'shellmeister' Malcolm Burne has relatively recently brought a new shell to market, that looks quite attractive:- Milton Capital (MII) 0.9p Market cap. £0.9M. At just 0.9p (market cap. £900K.), this good value shell is trading at under its IPO price, and at about the level of its current cash, with very low cash burn. 04/10/2022 07:10 UK Regulatory (RNS & others) Milton Capital PLC First Day of Dealings LSE:MII Milton Capital Plc "Admission to a Standard Listing and to trading on the Main Market of the London Stock Exchange First day of dealings Admission details Milton Capital plc (LSE: MII) announces that 100,000,000 Ordinary Shares will today be admitted to the Standard Segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange. The placing of new ordinary shares has successfully raised a total of GBP950,000, at a placing price of GBP0.01 per share. Highlights: -- One Price for All - All investors have come in at the same IPO price; no Founder Shares or pre-IPO rounds; no warrants; no options. -- No Advisory/Broking Fees - The Company's advisor and broker, Peterhouse Capital, has agreed to waive all advisory fees and commission on all funds raised at the IPO and will receive no annual retainer. -- Capped listing and on-going costs - - The IPO costs, including all accounting, legal, PR and Exchange fees, which amount to GBP55,955, have been capped at GBP50,000 by Peterhouse Capital and as such, post Admission, the Company will have net proceeds of GBP950,000 ; - Total costs for the first full year after listing are also capped at GBP50,000. -- No ongoing director salaries - The Company's directors will receive no salaries or consultancy fees; compensation will only be received by way of a success fee on the completion of an acquisition approved by shareholders. Strategy The Company was formed to undertake one or more acquisitions of a majority interest in a company or business. Any such acquisition undertaken by the Company will be treated as a reverse takeover for the purposes of Chapter 5 of the Listing Rules. The directors intend to search initially for acquisition opportunities in the technology sector. The theme focus for the prospective acquisition is megatrends. This includes sectors such as space, artificial intelligence, machine learning and blockchain technology. Megatrends are powerful, transformative forces that can change the global economy, business and society. They drive innovation and redefine business strategies and have a meaningful impact on how we live, how we spend our money and how we invest. The disrupters in particular have produced dynamic profits for early-stage shareholders. Admission details Prior to Admission, the Company had 5,000,000 Existing Ordinary Shares in issue and conditional on Admission issued 95,000,000 Placing Shares. All Existing Ordinary Shares and Placing Shares were issued at a price of GBP0.01 per share. ..." Read Full Thread Reply

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