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Share Name Share Symbol Market Type Share ISIN Share Description
Heiq Plc LSE:HEIQ London Ordinary Share GB00BN2CJ299 ORD GBP0.30
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -0.71% 35.00 34.50 36.00 35.50 35.25 35.25 59,445 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 36.9 5.1 3.1 10.3 44

Heiq Share Discussion Threads

Showing 101 to 124 of 675 messages
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DateSubjectAuthorDiscuss
26/1/2021
09:11
Yes the investment is the key IMO - that's what will drive the future growth & outperformance.
spectoacc
26/1/2021
09:05
Also in H2 - from the TU - record level of investment ie cost!

Operating profit for FY 2020 is anticipated to be in line with market expectations, even after the record levels of investment made by the Company in H2 2020 which will provide a strong platform from which it can achieve its long-term goals

melody9999
26/1/2021
09:05
You can read it here.Seem to remember sign up is pretty easy just an email needed.
hTTps://www.cenkos.com/research-portal?#/portal/cenkos-securities/

bad gateway
26/1/2021
09:00
hmmm - I have research tree but don't see the note yet. did you obtain via RT?
melody9999
26/1/2021
08:58
H2 also included $3.7mm of listing expenses in the Cenkos PBT figures.
wjccghcc
26/1/2021
08:57
Hi Tvh

Yep, I assumed that covid would have continued to benefit them through the rest of 2020. Perhaps my expectations were wrong (though they did say in the deck on their website that growth continued into Q3).

Its the sort of IP-rich business which I like to invest in so will keep it on the watch-list. However market cap of £250m and net income of say £7m(?) puts it on a PE in the mid 30s for 2020 and perhaps around 30x of just over ex-cash. I feel that puts much more scope for falls rather than increases in the near-term.

Difficult to know what to think 2021 will look like given the tough comparables from H1 2020. Will H1 2021 be similar to H2 2020? If so, can then achieve flat turnover in 2021?

Hopefully join you back in here at some point later this year, but given the lack of clarity, I'm out for now.

Adam

adamb1978
26/1/2021
08:56
Is there a link to the note? Thanks
le4r
26/1/2021
08:54
tvh - who isssued the note?
melody9999
26/1/2021
08:50
They had said there was a lot of stockpiling in Q1 so Q2 was always expected to be far far lower as per the broker notes. They are free to access on Cenkos website
otemple3
26/1/2021
08:49
@Adam

H1 was primarily driven by the COVID outbreak, H2 would have softened slightly but sales will probably still have comfortably exceeded $50m for FY20 - but H2 likely to have involved sales of lower margin products

tvh123
26/1/2021
08:49
Yep, decent note out from Cenkos showing this as a 46%upgrade to Q2 2020 numbers but currently leaving forecasts for 2021 as is (we are less than 4 weeks in!)Forward PE of c.30
otemple3
26/1/2021
08:48
Hi Tvh

H1 revenue was $30m
H1 EBIT was $10.9m

Perhaps 'nonsensical' isn't the right word but if they've only done $13.5m EBITDA for the full year, then H2 was around breakeven rather than highly profitable like H1.

Equally if revenue for the year was $49m, then they've only done $19m in H2 compared to $30m in H1.

Perhaps their business model is very lumpy with big license fees for their technology in H1? Whatever the reason is, I can't explain it or understand what it means for 2021, so difficult to say whether this is cheap or expensive or fairly priced.

Do you have a view on why H2 seems to be be sharply down on H1? Perhaps you know the company better than I do.

Adam

adamb1978
26/1/2021
08:46
Looks like they have really messed up on this announcement. New to the market, they look as though they don’t know how to do a trading statement, it is a really badly worded announcement which leaves more questions than answers. Let’s hope they realise it and put out a clearer statement. Everyone’s taken fright and sellers have taken the price down. I bet the company is shocked by what has happened.
bigwig
26/1/2021
08:41
@ Adam - what's nonsensical?

The figures come from their house broker - a new note issued this morning lifts FY20 revenue to $49m from $43m with adjusted EBITDA unchanged.

tvh123
26/1/2021
08:41
id like a few c 130p for long haul
chateaumusar
26/1/2021
08:37
I only had a small holding but am now out. Too much lack of clarity with that trading statement compared to what 'market expectations' are, and what that implied for H2. H1 seemed very good, but perhaps it was an anomoly?

There was me praising their market communication yesterday!!!

adamb1978
26/1/2021
08:20
Well said bad gateway.
netcurtains
26/1/2021
08:20
Hi tvh123

Are you sure about those figures? They look nonsensical to me! H1 revenue was $30.1m and H1 EBIT was $10.9m. The investor presentation on their website also says 'Growth has continued into Q3 2020'

Therefore if they've only met expectations of EBITDA of $13.5m for the full-year then H2 and Q4 specifically has been terrible.

I'm a holder already, though that TU isn't massively helpful for me. I was also planning to add more...

Adam

adamb1978
26/1/2021
08:18
Thats under £10m for EBITDA so maybe the fun is over for a while. Will leave at this level for now.
bad gateway
26/1/2021
08:15
well said tvh123! spot on!
netcurtains
26/1/2021
08:06
Revenue for FY20 was forecast to hit $43m, with adjusted EBITDA of $13.5m

FY21 revenue forecasts are set at $45m, with a similar adjusted EBITDA to FY20 so not terribly demanding.

Not sure if they're cheap anymore though - time will tell

tvh123
26/1/2021
07:49
1 billion facemasks.
Mrk cap £298m

Portfolio of 200 novel textile technologies.

COATs market cap is: £865m

So by comparison (if that is fair) we are pretty cheap.

Do we also get the Swiss currency thrown in for free or are
the accounts in pounds?

netcurtains
26/1/2021
07:31
So "revenue for FY 2020 exceeded market expectations" and "Operating profit for FY 2020 is anticipated to be in line with market expectations".

That sounds fairly promising but not overly helpful as the level of revenue isn't disclosed and I'm not sure what market expectations were for either revenue or operating profit.

I will shortly find out if buying in yesterday was good timing or not!

impvesta
26/1/2021
07:17
Here is the link to the trading update.

https://www.investegate.co.uk/heiq-plc--heiq-/rns/trading-update/202101260700038338M/

masurenguy
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