Heiq Share Discussion Threads

[pugugly] 30/10/2023 07:29

Results probably worse than many expected.

[davemac3] 27/10/2023 21:16

they are taking the pi$$

[catabrit] 27/10/2023 21:03

I agree DaveMac. The whole thing is rather amateurish and the market is full of bargains at the minute. I hate people that over promise and under deliver and from listing to this week, that is basically what they have done.

[pugugly] 27/10/2023 16:01

Market now closed - No announcement yet 7 hours left!!!!!!
"23 October 2023

HeiQ Plc

("HeiQ" or "the Company")

Notice of Results and Audit Update

HeiQ (LSE:HEIQ), a leading company in materials innovation and hygiene technologies, announces that its audited accounts for the year ended 31 December 2022 ("2022 Accounts") will be published this week alongside its results for the six months ended 30 June 2023 ("H1 2023").

[catabrit] 27/10/2023 12:43

I suppose they want shareholders to have the weekend to look through the accounts before determining whether they should vote with their feet after the lengthy delay and shambolic IR.

[pugugly] 27/10/2023 07:50

Looks as thought accounts being left until after market closes. That is if the rns is to be believed.
However can you trust the Swiss?

[catabrit] 26/10/2023 18:08

Some of the revenue was but they are still generating fifty million dollars per annum. That is a lot more than Renewcell I believe.

[pugugly] 26/10/2023 17:43

Catabrit:- from the rns - Revenue wrongly recognised so not sure if y our revenue figure above is correct.
Will have to wait for audited accounts.

"it is necessary to defer revenues (and corresponding profits) that were originally recognized in H1 2022 and H2 2022 from certain milestone partnership agreements. Following our review of the contractual arrangements it is now deemed appropriate to recognize such revenues over a longer time period to coincide with specific exclusivity rights being granted by HeiQ to the partners. Consequently, revenue of US$4.0 million that was previously recognized during FY 2022 has been deferred over a period of 4 years with initial revenues being recognized in H2 2022. This means the Company now expects revenues for FY 2022, alongside gross profits and loss from operations, to be below previous market guidance. "

[catabrit] 26/10/2023 15:28

The Renewcell comparison is wrong because circulose only comprises one part HEIQ. HEIQ is more diversified and also has $50m of annual revenue.

[davemac3] 26/10/2023 15:25

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

[hedgehog 100] 26/10/2023 15:19

"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 06:59

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 06:51

Looks like recognised does not mean received

[catabrit] 19/10/2023 09:07

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

[crackerboy] 17/10/2023 18:13

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 19:03

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 14:19

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 17:57

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 10:04

Hey mmb007,
What's with the other thread?

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