Heiq Share Discussion Threads

[ali47fish] 03/11/2023 07:26

Darren Morcombe buys a chunk - who is he

[davemac3] 02/11/2023 13:07

higher than before suspension now

[hedgehog 100] 01/11/2023 19:22

Packman,

It's over a year since HEIQ filed this complaint:-

10/10/2022 06:00 UK Regulatory (RNS & others) HeiQ PLC Files Breach of Exclusive Agreement Complaint LSE:HEIQ Heiq Plc


Though as far as I'm aware, they still haven't commenced legal proceedings.

We don't have the detail to give an informed opinion on the merits of this claim, so here are just a few general points of mine, for what they're worth:-

• Things are moving very slowly, and will probably continue to do so.
• There are two sides to every story.
• The market will likely largely discount any potential settlement until any is achieved.
• This claim is probably as likely to put off potential investors as attract them.

[catabrit] 01/11/2023 18:14

This is true and I am actually OK with the market embarrassing me. Happens all the time in the short term. Long term, I am embarrassing it and that’s all I care about.

I am the fastest investor in the world to accept a loss. Soros would be proud! Why? Because my opportunity cost changes daily. Here I had bought at 19p odd pre suspension. Upon resumption of trading the bid was 8p. I decided to re underwrite at that price. So I held. 8 suddenly went to 14-15 and so I sold. So you can either look at it as a massive loss or you can view it as a double. I stand by my reasons and have plenty of places to put the money which offer a much better risk reward than HEIQ. I really hope this ten bags for everyone!

[glavey] 01/11/2023 17:36

"Sold most of my position for about 13p." "Looking forward to seeing what happens!"

It's what usually happens, the market laughs and closes at 18p.
¯¬_(ツ)_/¯

[packman8] 31/10/2023 22:01

On the Investormeet podcast today Carlo stated that they were still pursuing ICP for the $30m which was the contractual minimum exclusivity fee for the contract term.
Is there any chance they would receive anything for this complaint?

[volsung] 31/10/2023 16:55

Take a HEIQ Carlo

[catabrit] 31/10/2023 15:52

Sold most of my position for about 13p. A big loss on my average of 19p but a big gain on the 8p bid this morning. It is now an option like bet for me i.e small. This has a lot of upside and I wish everyone well. It is just not my sort of bet and I have other uses for my capital. I don’t think Carlo gets capital allocation at all. He’s a big dreamer and whilst I admire that and think it’s a necessary trait for a CEO / Founder, I find it unconscionable how much wealth he has squandered on acquisitions. I think he is the sort of guy that goes for home runs and if you align yourself with him, you might get a few. Down here the odds are high that will happen so I’m happy to play but not with 4% of my NAV. Looking forward to seeing what happens!

[catabrit] 31/10/2023 13:36

Carlo has some nerve doing the investor meet whilst in the car!!

[jpatara3] 31/10/2023 12:51

I managed to read the results on the company website. As an athlete I can vouch for the HEIQ products that I have tried. I topped up my existing holding this morning. I actually took money out of high savings rate to invest today - crazy!! but I see a long term for this company. Might take years or a decade, I can wait.

[catabrit] 31/10/2023 11:50

Am I the only one who gets a dodgy PDF when they download the annual report? It is all over the place and it looks very amateurish.

[zen12] 31/10/2023 10:49

At least Carlo is a significant shareholder and has the money where his mouth is...this cannot be said for majority of BoD on the markets. Happy to use shareholder monies

[catabrit] 31/10/2023 10:16

Fully expecting to see a director buy RNS tomorrow by Carlo for a significant sum.

[catabrit] 31/10/2023 08:40

I am happy to reevaluate the deal. I was wrong to buy as much as I did at 19p. But I am happy to own it at 9p even if it means I am stomaching a massive loss. In my isa as well which is annoying. The story has collapsed and this could take a long time to recover, if it ever does.

Carlo should be embarrassed that he has overseen such a disastrous loss of wealth for himself and other shareholders.

[terminator101] 31/10/2023 08:15

Well that went well huh.

[davemac3] 31/10/2023 08:12

First sale, 1 share, probably a signal

[davemac3] 31/10/2023 07:56

back trading today, tin hat time?

[catabrit] 30/10/2023 21:00

Results about what I expected. I need to dig into that claim and whether it is mentioned in the report. I did not see a note of it in the RNS. For me, the biggest here is that we all have major opportunity cost now. A lot of stuff is on sale and the environment has got much better for bargain hunters since April. So why own it? We need a damn good reason and I suspect that is what Carlo will want to address during the investor presentations. If this opens say fifty percent down, I will hold. If it opens about flat I think I would be very tempted to sell at least half.

[jammytass] 30/10/2023 16:27

they will not be around long enough to claim any with this very poor bod

[hedgehog 100] 30/10/2023 15:37

Looking on the positive side, at least HEIQ now has plenty of tax losses to potentially use later ...

[hedgehog 100] 30/10/2023 13:16

30/10/2023 07:00 UK Regulatory (RNS & others) HeiQ PLC Results for year ended 31 December 2022 LSE:HEIQ Heiq Plc

" ... Financial Overview:

-- Revenue reduced 14.8% to US$47.2 million (FY 2021 restated: US$55.4 million*)
-- Gross profit margin down 17.3% to 28.5% (FY 2021 restated: 45.8%*)
-- Adjusted EBITDA decreased to US-$12.2 million (FY 2021 restated: US$4.5 million*)
-- Operating loss of US-$29.2 million (FY 2021 restated: US$-1.4 million*)
-- Loss after taxation of US$-29.8 million (FY 2021 restated: US$-1.4 million*)
-- Cash at year-end of $8.5m with net debt (including lease liabilities) of US$3.7 million ..."




30/10/2023 07:01 UK Regulatory (RNS & others) HeiQ PLC Interim Results LSE:HEIQ Heiq Plc

"Half year results for the period ended 30 June 2023

HeiQ Plc (LSE:HEIQ), a leading company in materials innovation and hygiene technologies, announces its interim results for the period ending 30 June 2023 ("H1 2023").

These results are published concurrently with the Company's final results for the full year ended 31 December 2022 ("FY 22").

Restoration of Trading:

As detailed in the FY 22 results, upon uploading the Annual Report 2022 to the National Storage Mechanism, expected to be completed today, the Company will make an immediate request to the FCA for the Company's Ordinary Shares to be restored to trading on the Main Market of the London Stock Exchange as soon as practicable thereafter. A further announcement will be made confirming the exact time and date of resumption of trading.

Financial Overview:

-- Revenue reduced by 26% to US$20.5 million (H1 2022 restated*: US$27.6 million)
-- Gross profit margin of 40.9% (H1 2022 restated*: 41.5% in H1 2022)
-- Adjusted EBITDA of US-$3.6 million (H1 2022 restated*: US$0.7 million)
-- Operating loss of US-$6.0 million (H1 2022 restated*: US-$1.6 million)
-- Loss after taxation of US$-6.5 million (H1 2022 restated*: profit of US-$1.9 million)
-- Cash balance as at 30 June 2023 of US$7.3 million

Operational Overview:

Trading conditions for the markets of our commercialized product range continued to be challenging during H1 2023 and, as highlighted in detail in our Full Year results for the 12 months to 31 December 2022, the Company took decisive steps to reduce its cost base and reorganize the business to maintain its innovation and differentiation capabilities during the period under review. With costs reduced and operations adapted in light of the challenging headwinds our entire industry is facing, the Company expects H2 2023 trading to stabilize.

Post Period:

The Company is closely monitoring the market and is ready to take further cost reduction action, should it need to. We continue to add value to our high potential key innovation initiatives through focused investment, to position ourselves for when the macro-economic difficulties abate.

While the Board considers the Company has adequate resources, it is in discussions with financial institutions to replace the currently uncommitted credit facilities by committed, long-term facilities.

Equity analyst and shareholder presentations:

Following the resumption of trading in its ordinary shares the Company will announce registration details for two live presentations. These presentations will cover today's results and will be held separately for both equity analysts and investors. ..."

[hibberts] 30/10/2023 07:48

The results were never going to be good.The fact that the shares commenced trading and the management are having an investors presentation gives me some hope.
I really thought it was game over for shareholders.