Heiq Share Discussion Threads

[davemac3] 01/8/2023 21:55

The next results will be published before the last results at this rate!

[unluckyluke] 31/7/2023 12:55

3 months... unbelievable.

[value hound] 27/7/2023 18:08

Amongst other jobs, HEIQ are looking for a Textile Engineer based in Austria - but "able to travel up to 80% of the time, mainly to Asia"

Presumably, this is to work with MAS Holdings, "the largest apparel and textile manufacturer in South Asia" as per the latest RNS - amongst other possibilities perhaps?

See

hxxps://heiq.jobs.personio.de/job/1194506?language=en&display=en

But more to the point, when will the never-ending "extended year end timetable for 2022" actually end!?

[davemac3] 25/7/2023 14:08

lets hope the return to market is better than that at Wandisco

[geraldus] 21/7/2023 10:04

Another week.This is like waiting for Godot.

[catabrit] 19/7/2023 11:45

The silence is deafening. I can’t help but wonder if something is going on in the background.

[roberth176] 07/7/2023 10:01

Mxc will 5 bag get in

[boystown] 07/7/2023 09:58

I agree with the above. Nevertheless,the risk-reward here is huge imo

[catabrit] 07/7/2023 09:38

I think a degree of scepticism - especially in this market - is no bad thing!

[pugugly] 07/7/2023 09:13

Far too many hedges in the announcement so (imo) foundations appear more like sand than solid rock - Still interesting prospects if all targets are met.

[boystown] 07/7/2023 08:54

Well yes - our "frozen" mkt cap is £28.4m which the deal and further AeoniQ potential rather put into context - then there's over £16m in net current assets less all liabilities (the Ben Graham measure) and NTAV of £29.5m - to say nothing of the legal proceedings' possibilities.

[catabrit] 07/7/2023 08:41

Yeah I mean you only need to take a look at Renewcell (£200m MC) to see that the market cap for AeoniQ alone could be massive. Obviously we need to take dilution into account etc.

Carlo is being shrewd about it. He’s giving up some of the upside to get the ball rolling and that makes total sense considering how big that upside is and the various hoops we need to go through to crystalise it. Much better risk reward this way IMO.

[geraldus] 06/7/2023 19:27

Even better is the $250 million price tag for the new factory in Europe.Thought it would be better placed in Asia.

[value hound] 06/7/2023 19:05

I quite like this bit:

"Carlo Centonze, CEO of HeiQ, explained the magnitude of the partnership: "This offtake agreement is valued at over $100M. MAS has taken the risk without the brands' [commitment to buy AeoniQ products] but can now go to brands and say, 'We will have the volumes, and we can serve you.' They are the first [textile] manufacturer who has taken a commitment to invest in a not-yet scaled technology of this kind."

[geraldus] 06/7/2023 07:05

The plant was supposed to be built by late 2024 according to news on 14 February 2022 and the trade press.Anyhow let's see this show back on the road for everbody's sake.

[geraldus] 06/7/2023 06:56

One more point.With just this one partner they hope subject to agreement to manufacture 3000 and 5000 tons in 2025 and 2026.Their pilot plant can only produce 300 tons per year so until the main plant is commissioned in 2026 they will have to produce it some other way and that applies to subsequent deals.

[mmb007] 06/7/2023 06:53

Boss is not a yarn manufacturing company (which MAS is) but a clothing brand/designer. Also, from the presentations previously, the Gigafactory was expected for 1Q 2025.. so 'only' a year delayed... We definitely need to hear more about that in the future from the management

[geraldus] 06/7/2023 06:44

Yes,good news for a change.MAS as the 'first' manufacturer subject to milestones.Hugo Boss was the first surely and all quiet with Lycra as well,even in the trade press.Manufacturing plant now delayed to early 2026 from 2024 also.All will be revealed hopefully sooner rather than later.

[catabrit] 06/7/2023 06:15

Agreed. Shame it doesn’t mention the implied valuation though! I suspect that’s because it’s down meaningfully from the $200m agreed with Hugo Boss!

[boystown] 06/7/2023 06:06

A bit of good news for a change