Heiq Share Discussion Threads

[catabrit] 29/9/2023 07:20

Awful RNS and I’m expecting a big write down even from my 18p average!

[mmb007] 29/9/2023 06:56

Pugugly - you can access the pages on linkedIn just by putting the company name in the search bar... Both HeiQ and AeoniQ on there.

[mmb007] 29/9/2023 06:51

I would think next week? now this is out.

[unluckyluke] 29/9/2023 06:45

RNS out.

Any clou how "expects to publish its Full Year 2022 Accounts shortly..." can be translated.

Days?
Weeks?
Months?

OMG

[pugugly] 29/9/2023 06:20

Bloodbath to come when relisted unless accounts are not as bad as this rns suggest they will be. .
Nearly a Credit Swisse recap.


It appears from the notice that management had tried to expand too fast - had had grandiose plans and believed they could walk on water!!!!!!!!

Reality has come home to roost.

[catabrit] 28/9/2023 10:09

Sustainable fashion companies are experiencing a lot of pain at the minute. Fortunately HEIQ is diversified. AeoniQ has a tonne of upside but I think it could be years before that potential is realised.

On the LinkedIn point, I tend to find that those with the loudest voices have the smallest pockets. I’m an investor in a private company that follows a similar sort of playbook to HEIQ in terms of marketing. It all sounds good and reads well but then you look at the numbers and you’re like, ok they’re doing this to drum up business because in fact, they’re struggling a little bit or not hitting their lofty expectations.

Anyway we will soon know what the latest is.

Carlo recently posted something about the 130 year anniversary of his family business and hinted that he wasn’t happy with Deloitte U.K. So clearly there’s quite a big issue with the auditing process.

I guess we will soon find out.

[davemac3] 27/9/2023 16:22

the interims were published in mid September last year too

[thordon] 26/9/2023 20:42

Its based on valuation on company part owned , so needs a inderpendiant to clarify the value.

[geraldus] 26/9/2023 19:02

If this is not auditable and after this amount of time it looks that way,then the outcome is not good.Shocking shareholder communications does it no favours.

[pugugly] 26/9/2023 17:48

There are - so far as I am aware - no statutory regulations as to what you can post on LinkedIn - A bit of a Wild West forum - So inclined avoid statements there with a large sack of salt.

Catabrit> Could you please post a link to their LinkedIn page?

[mmb007] 26/9/2023 17:14

It is very frustrating that their LinkedIn communication team are so much better than the shareholder communications! There is clearly a lot of positive stuff going on, especially with HeiQ, AeoniQ, Hugo Boss etc.., which hopefully will translate into better business results.

[catabrit] 26/9/2023 12:42

I can’t see them going bust either. But the way they’ve handled this is awful and the more it drags the more credibility they lose. Originally they said they were going to be in a position to publish the annual report in “the coming weeks”. FIVE MONTHS later, we’re still in the dark and nothing has been forthcoming.

It’s embarrassing. I’m sorry but if I was the CEO I’d be embarrassed. It annoys me reading about all these “game changer” statements on their LinkedIn page when they treat shareholders like dirt, can’t even publish a report on time and then grossly overestimate when they will.

We had the AGM statement end of June. It’s now end of September. I’m sorry but WTF is going on?!?

[arthur_lame_stocks] 26/9/2023 12:02

I can't see them going into receivership, the balance sheet is way too strong and I think they're main market listed so presumably the auditors pass more than a cursory eye over the books.

[hibberts] 26/9/2023 11:59

I'm just waiting for RNS to say there going onto receivership.
I must stop buying sh*t company's.

[arthur_lame_stocks] 23/9/2023 19:06

Yes it's going to be a nightmare for me if these are delisted as my shares are held in a SIPP.

[davemac3] 12/9/2023 09:04

I believe the FCA can cancel a listing if it is suspended for more than 6 months

[davemac3] 11/9/2023 11:24

I did get a prompt reply but not very helpful

"Many thanks for your email and for letting us know your concerns. While I’m afraid we are not in a position to provide you with an update on timings relating to the publication of our financial statements and our re-admission to trading currently, the Company is working closely with its auditors to complete the audit as quickly as possible. We will provide an update via RNS on timings as soon as we are in a position to do so".

[davemac3] 11/9/2023 11:13

I see interim results were published on 13th September last year so it looks like they may be delayed too. I have emailed the company to ask for an update.

[catabrit] 08/9/2023 14:32

I don’t know. But the CEO was recently interviewed by a large textiles magazine which was all over LinkedIn. I was very tempted to write a comment about less time on puff pieces and more time on audits. I’m genuinely befuddled by how long the suspension has been vs their original expectations. Certainly management have lost a bit of credibility here and if the resumption of trading isn’t accompanied by a strategic review, a reassuring trading update or some sort of take private offer meaningfully above 20p, I think shareholders can be forgiven for spitting their dummies out and running for the exits!

[jammytass] 08/9/2023 13:57

looks like its game over rns soon

[catabrit] 01/9/2023 09:33

A great lesson here in lost opportunity cost when you tie up a decent chunk of your NAV in suspended shares. Unless they’re able to deliver good news when trading resumes - a spin off of AeoniQ say or a take private at a decent premium - I fear these could tank as shareholders vote with their feet over the length of the delay and the poor comms since.

[edwardt] 24/8/2023 20:16

Feels like the Swiss are going to rob us and take this private or something equally under hand

[davemac3] 21/8/2023 07:43

What’s going on? The lengthy delay makes you think it’s something serious.

[unluckyluke] 09/8/2023 08:37

Another week🙄