Hellenic Dynamics Share Discussion Threads

[oakridge] 02/5/2023 14:32

Ah, ok. I thought you had spotted something specific to HELD and ELGO-DIMITRA.

KNB published their FY results today. They have just started to increase sales (mainly thanks to their opening up access to prescription / THC dominant products) however they've turned in a higher loss for the year. Despite the cited one-off costs, I think they will aim to raise again before long.

AIMO ADYOR.

[pirates4] 02/5/2023 14:22

https://multiplesclerosisnewstoday.com/news-posts/2023/03/16/online-medical-cannabis-clinic-ms-pain-management-opens-uk/

[oakridge] 02/5/2023 14:12

I've not yet had time to research much around the ELGO-DIMITRA collab'.

[oakridge] 02/5/2023 14:07

Feel free to post what you've found! :O)

[oakridge] 02/5/2023 14:06

Edited:

Good link Pirates.

What's interesting and encouraging is just how supportive and pro-cannabis production Greece apparently is and that producers of significance are actively choosing to operate from the country. It's hard to see how those in the UK or elsewhere in Western Europe will be able to compete going forwards. In time, the space will consolidate and you'll probably end up with only a few major, pan-european, production companies.

It's a big and impressive facility (total 21,000 m2). When their growing area specifically is fully maxed out they will have 16,000m2. This represents exactly the same as HELD when in Phase 4 (ie 5 bunkers and 3 greenhouses). TTBOMK HELD will, initiallym be utilising appox 2450m2 of the facility, 1000m2 of which will be for active cultivation / growing....and scaling up from there (page 11 of the investor presentation).

However, worth noting that HELD's total granted cultivation LICENSE extends to approx 40,000m2 (approx double that of Tikun's current entire facility). That helps brings some scale to just how big HELD could become, IF they get things right.

Tikun are aiming at 10 tonnes of flower per year. Held are good for 55 tonnes per year, IF they ever expand out as far as they can, but they will be starting from a much, much lower base and initially will be producing only a fraction of that.

HELD's facility footprint and outright license size should bode well going forwards and may even make them a worthy acquisition target in time. The footprint of a facility is important due to security and regulation issues, so to have a sizeable license match the scalability of the physical site is valuable in itself.

AIMO ADYOR

[pirates4] 02/5/2023 13:58

If you do a Google search on ELGO-DIMITRAyou'll find some very interesting developments try to translate to English unless you are fluent in Greek.

[oakridge] 02/5/2023 13:43

Edited (posted new below).

[pirates4] 02/5/2023 12:58

https://greekreporter.com/2023/01/27/first-medicinal-cannabis-production-plant-opens-greece/

[pirates4] 02/5/2023 12:32

Ask price going strong.

[pirates4] 02/5/2023 12:12

I totally agree with you on your your comments here. The company wants to progress and the market for its product(s) in demand in Europe greece Israel and with the latest on-board from USA.

[oakridge] 02/5/2023 11:57

The recent bounce off the 50 RSI was also a bullish signal here...I think the first time it has happened since the company came to market. Just pierced the 70 indicator.

I agree with Pirates that TA is not always useful....as significant movements can often be news-driven or relate to relevant burgeoning sector developments.....but it may be useful to refer to in this instance, because whilst there isn't a very long trading history for this young company, as we've seen there has been some marked patterns on the sell side....something we *might* finally be at the end of (!)

The big unanswered question is how the company is actually doing in the real world and how much operational progress they've made, or otherwise. If they are broadly inline with the targets set out in the prospectus that should bode very well imho. First harvest in a few months time and confirmation of cashflow should move us to a new and respectable trading range.

As I've previously stated, we can then begin to judge the potential and get a proper handle on a realistic valuation. The signing of further supply agreements and details around this will help.

AIMO ADYOR etc.

[oakridge] 02/5/2023 11:44

And up we go.

0.13p on the offer now and buy limits have opened slightly.

[oakridge] 02/5/2023 11:40

someuwin. Just checked and agreed. Very tight buy limits. Can't even buy £500 worth at present....anything less appears to be at full ask 0.12p.

Tick up due it seems.

Limits will then open, but for how long?

[oakridge] 02/5/2023 11:23

Thanks someuwin.

Pirates...it's points of a pence; we are trading at 0.1175 of a penny.


Regards.

[someuwin] 02/5/2023 11:00

No buy quote at all now.

[pirates4] 02/5/2023 10:51

Where did you get 12 -12.5p from its nowhere near that at all its bears 0.0011

[pirates4] 02/5/2023 10:47

Don't go by chart fundamentals all the time, I go by company news and key developments. The progress also out performs . Hellenic is doing well since its listing.

[oakridge] 02/5/2023 10:14

free stock charts from uk.advfn.com

[oakridge] 02/5/2023 10:08

Pirates4 - I suggest you do some more research.

[oakridge] 02/5/2023 10:06

The last week or so has, imo, seen a definite shift in the sell patterns here and a clear departure in price action. Perhaps the source of stock has finally dried up and the mm's know as much. Someone had to pay a .4 premium earlier for less than 5M shares.

Could well be boxer is at least partly correct in his thinking around the source of stock. Whatever, it cannot continue indefinitely and there is limit to it.

The stock put in a solid higher low recently and I sense it's only a matter of time before it closes a session above the 200DMA line. It has penetrated it now on a few occasions but has always retreated below it before the close; it could be that changes today. It will be a bullish signal if so.

AIMO etc

[pirates4] 02/5/2023 10:04

Just a thought here, if the deal goes through with Greece, will be also listed in Europe or on a Greek stock exchange?

[someuwin] 02/5/2023 10:01

Can buy £1k. But not £2k.

[pirates4] 02/5/2023 09:52

In May now, not long to go

[pirates4] 02/5/2023 08:52

https://www.proactiveinvestors.co.uk/companies/news/1004001/hellenic-dynamics-expects-first-harvest-by-the-middle-of-the-year-1004001.html

[pirates4] 02/5/2023 08:52

Nice move so far nearing to the first quarter .UK?Hellenic Dynamics expects first harvest by the middle of the year07:25 Mon 23 Jan 2023Ian LyallViewHellenic Dynamics PlcLSE:HELD?Medical cannabis cultivator Hellenic Dynamics Plc (LSE:HELD) has reported 'good progress' since its initial public offering (IPO) in December 2022, saying it is on track for its first crop in the middle of this year.The company, which is specifically focused on the cultivation and supply of tetrahydrocannabinol (THC) dominant strains of medical cannabis flowers, is the first of its kind to be listed on the London Stock Exchange's main market.It is developing and will operate 40,000 square metres of active THC cultivation from its facility located near Thessaloniki in Northern Greece. The first-phase fit-out is well underway.The operation benefits from one of the lowest costs of power in Europe as well as having its own running water supply, meaning that utility costs are significantly below standard market rates.Furthermore, the facility is located in an area that has one of the lowest rates for skilled and semi-skilled labour in Europe.Ahead of the first harvest in mid-2023, Hellenic Dynamics said it was in advanced discussions with licensed medical cannabis distributors outside Germany for additional off-take agreements and wholesale prices of medical cannabis flowers in Europe are holding strong.In a statement, the company's chief executive Davinder Rai said: "We have continued to make good progress since our IPO and our cultivation and processing facility in Greece is on track to be ready for the first harvest to take place in the second quarter of this year."With discussions with new potential off-take customers ongoing, and the price of THC-dominant medical cannabis holding firm, we look to the future with confidence and can't wait for our products to start changing patients' lives for the better during 2023."