Heiq Share Discussion Threads

[davemac3] 26/10/2023 16:25

results to be published this week, when ? 4.30 tomorrow?

[hedgehog 100] 26/10/2023 16:19

"RENEW, RE:NEWCELL, (SE0014960431)"

"Company Profile
Re:NewCell AB is a fast-growing Swedish textile recycling company with world-class technology and a team of people on a mission to change the textile industry. Its product is called Circulose, and It makes out of 100% textile waste. Renewcell’s patent-protected recycling technology breaks down used cotton and other cellulose-rich textiles and transforms them into a new, biodegradable raw material: Circulose pulp, and Brands use it to replace high-impact raw materials like fossil oil and cotton in textile products."




Thanks for flagging up RENEW, Catabrit.

RENEW floated on the Nasdaq First North (in Stockholm) on 26th. November 2020, just eleven days before HEIQ floated on the London Stock Exchange's Main Market.

And their share price charts since then are quite similar.

RENEW quickly rose from about eleven Euros to about thirty Euros, before falling all the way back to below one Euro: currently 0.67 Euros, market cap. c. £28M. Euros.

That's a decline from its high of about 97.75%.

HEIQ also rapidly more than doubled from its float price, before entering the same sort of multi-year decline.

And a decline of the same percentage from its high, a high of c. 240p in HEIQ's case, would take HEIQ to c. 5.4p.

[pugugly] 23/10/2023 07:59

Possibly not as bad as credit Swisse but would expect a mark down on restoration of trading from the pre-suspension price.

[davemac3] 23/10/2023 07:51

Looks like recognised does not mean received

[catabrit] 19/10/2023 10:07

Renewcell continues to sink. Down a further fifty percent this week.

[crackerboy] 17/10/2023 19:13

Their accounts were due to be filed by 30th June. Let's hope they responded to the Companies House strike-off notice.

[catabrit] 15/10/2023 20:03

Renewcell dropped almost eighty percent this week after issuing a very gloomy forecast. Whilst less diversified than HEIQ they have a monopoly on cellulose (which might not be worth much if the outlook is as bad as feared). I’m expecting HEIQ to drop quite a bit when trading resumes and it wouldn’t surprise me if Carlo attempted to take them private. Either way, we are in for a tough long road and so kudos to hedgehog 100 for his very prescient outlook.

[hedgehog 100] 08/10/2023 15:19

My HEIQ prognosis in April, a week before HEIQ was suspended, is looking pretty accurate, and I see no reason to change it:-

Hedgehog 100 20 Apr '23 - 17:04 - 88 of 177 Edit 0 1 1

" ... My HEIQ prognosis:-

• Potentially could have four bad quarters in 2023, v. just the one in 2022.

• Potentially could run out of money.

• Market won't believe the 2023 forecast until post year end trading update early 2024.

• Significant director buying could be motivated mainly by trying to help his existing large shareholding.

• Potentially could fall to as low as c. 10p (potentially a fundraising price) by about the turn of the year.

But it could then potentially be a good investment."

[mmb007] 29/9/2023 18:57

Sorry, not sure what you really mean Piedro? I have had some issues posting tbh, never quite sure where my comments actually come up on a post????

[piedro] 29/9/2023 11:04

Hey mmb007,
What's with the other thread?

Are you in competition with this one
OR is it only for moaners?

[catabrit] 29/9/2023 08:20

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

[mmb007] 29/9/2023 07:56

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 07:51

I would think next week? now this is out.

[unluckyluke] 29/9/2023 07:45

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 07:20

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 11:09

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 17:22

the interims were published in mid September last year too

[thordon] 26/9/2023 21:42

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

[geraldus] 26/9/2023 20:02

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 18:48

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 18:14

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 13:42

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 13:02

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.