Heiq Share Discussion Threads

[haroldthegreat] 19/11/2024 07:14

What a disaster. At least the loss can be used against a capital gain elsewhere so reducing capital gains tax if held in a trading account.

[haroldthegreat] 18/11/2024 11:52

What a disaster. At least the loss can be used against a capital gain elsewhere so reducing capital gains tax if held in a trading account.

[haroldthegreat] 18/11/2024 11:52

What as disaster !

[haroldthegreat] 18/11/2024 11:49

What a disaster. At least the loss can be used against a capital gain elsewhere so reducing capital gains tax if held in a trading account. .

[hedgehog 100] 14/11/2024 13:07

The recent example of DEST (Destiny Pharma) shows the risks with HEIQ, as there are some parallels:-

"British pharma group enters administration after London delisting

Ben Clarke
26 August 2024

Biotechnology group Destiny Pharma has appointed administrators in England, less than two weeks after delisting from the London Stock Exchange in the hopes of securing more capital as a private company. ..."




Destiny Pharma (DEST):-

[hedgehog 100] 14/11/2024 11:45

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 [e-mail] or calling Ben Weaver on 020 7248 2788

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

[e-mail]"





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."

[terminator101] 14/11/2024 07:21

Rinse those gerbils one last time huh

[verulamium] 13/11/2024 13:32

It's not a now-or-never decision is it? If you hang on you'll be issued with a certificate and you'll need to find a broker that deals with JP Jenkins when you want to sell. Personally I just sold up as they were a tiny part of my portfolio and it wasn't worth the hassle of keeping them.

[ali47fish] 13/11/2024 12:24

i really need an answe to my question aboe as tomorrow the share will be delisted

[ali47fish] 02/11/2024 12:14

can anyone give an opinion as to whether it is a better option to move the shares to a nominee before delisting or just sell

[verulamium] 29/10/2024 00:24

Shorts closing? Can't think of any other reason to buy at the moment.

[crackerboy] 28/10/2024 23:35

Trades are still going through for these. Who is buying and why ?

[grim] 25/10/2024 18:49

ali, you have missed reading the RNS 22/10/24

[ali47fish] 25/10/2024 17:19

shouldnt one sell before the delisting since retail investors will get nothing sfter that? or am i missing something

[hedgehog 100] 22/10/2024 14:57

22/10/2024 07:00 RNS Regulatory News HeiQ PLC Restructuring and Delisting LSE:HEIQ Heiq Plc

" ... As a company listed on the equity shares (transition) category, the Company is not required to obtain the approval of shareholders for the Delisting but is required under UK Listing Rule 21.2.17 to give at least 20 business days' notice of the intended cancellation.

Accordingly, HeiQ has requested that (i) the FCA cancel the listing of the Shares on the Official List of the FCA, and that (ii) the LSE cancels the admission to trading of the Shares on the Main Market for listed securities of the LSE. ..."




So HEIQ is actually main-listed, not AIM-listed, which shows that this is no defence against this sort of thing.

Indeed, unlike if it was on AIM, HEIQ doesn't need shareholders approval at a GM for the delisting: which isn't always a done deal, as 75% of the votes cast must be in favour of the delisting.

[tomboyb] 22/10/2024 13:03

What does anyone expect anymore? -

Look at TRLS raises $28million and spends above $20million for "nothing". This is AIM.
-

TRLS is an extreme example because that looks like a complete con -

Heiq has come to its end -

[geraldus] 22/10/2024 12:50

AIM is becoming aimless.

[tomboyb] 22/10/2024 11:22

end of the line -

[zen12] 22/10/2024 10:53

They have it in place see RNSDealing ArrangementsFollowing the Delisting, the Shares will be admitted to trading on the JP Jenkins securities matching platform with effect from 20 November 2024.JP Jenkins provides a securities matching venue for unlisted or unquoted assets in companies, enabling shareholders and prospective investors to buy and sell shares on a matched bargain basis. JP Jenkins is a trading name of InfinitX Limited and Appointed Representative of Prosper Capital LLP (FRN453007).Shareholders wishing to trade Shares on the JP Jenkins platform can place orders through their stockbroker. Trades will be conducted at a level that JP Jenkins is able to match a willing seller and a willing buyer. Trades can be conducted, and limits can be accepted, during normal business hours. Shareholders or potential investors can place limits via their existing UK regulated stockbroker.

[catabrit] 22/10/2024 10:49

I own quite a few unlisted securities and I concur with DaveMac. You have to be prepared to mentally zero the money. A number of them haven’t updated me once since they delisted despite me sending multiple emails.

[catabrit] 22/10/2024 10:47

Thank you HedgeHog. A lot of people have lost a tonne of money here so it felt quite immoral of me to do a victory lap. But the outcome here isn’t surprising and I hope it serves as a lesson for those buying on spin and pump and dump tactics by short termists who do zero primary research.

[hedgehog 100] 22/10/2024 10:28

Catabrit 12 Sep '24 - 08:16 - 284 of 298 0 4 1
"Sadly, the writing has been on the wall for quite some time. I suspect they will eventually delist."

22/10/2024 07:00 RNS Regulatory News HeiQ PLC Restructuring and Delisting LSE:HEIQ Heiq Plc


Well done Catabrit.

[davemac3] 22/10/2024 09:55

Just a note of caution to buyers, it is not always easy to deal in unlisted shares. Many brokers, eg Hargreaves Lansdown don’t allow deals in unlisted shares. Also it it likely to be more expensive to deal in unlisted shares.

[terminator101] 22/10/2024 08:46

The gerbils won't be happy huh

[zen12] 22/10/2024 08:13

In such case, you'd think BoD would be buying like crazy...if they thought that at 5p!