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HELD Hellenic Dynamics Plc

2.55
-0.15 (-5.56%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hellenic Dynamics Plc LSE:HELD London Ordinary Share GB00BRXCFB77 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.15 -5.56% 2.55 1,796,999 16:20:27
Bid Price Offer Price High Price Low Price Open Price
2.40 2.70 2.70 2.55 2.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contractor-nonres Bldgs -4.86M -0.0004 -63.75 319.52M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:20:08 O 100,000 2.50 GBX

Hellenic Dynamics (HELD) Latest News (4)

Hellenic Dynamics (HELD) Discussions and Chat

Hellenic Dynamics Forums and Chat

Date Time Title Posts
28/3/202414:48Our First Harvest216
28/3/202408:37Hellenic Dynamics2,282
23/1/202414:33HELD - The Positive Thread187
04/10/202315:40Hellenic Dynamics - All Views Welcome203

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Hellenic Dynamics (HELD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:20:082.50100,0002,500.00O
16:18:532.5040,0001,000.00O
16:06:472.5110,746269.96O
15:55:232.518,000200.98O
15:40:242.701002.70O

Hellenic Dynamics (HELD) Top Chat Posts

Top Posts
Posted at 25/3/2024 09:12 by oakridge
nb. There has been a fresh fly by and image capture on Google Earth and interestingly, now that HELD's site in Greece is fully deaccessioned from its previous role with the U.N., pixilation is now no longer needed.

Although there were some great images supplied in the Facility Update RNS, one can now see from Google just what a vast site HELD have, with much work on the ground in evidence.

I believe the site, the license size and what HELD have managed to put into place thus far is worth well in excess of the market cap - particularly when compared to other players in the space.

Execution of the plan, or an initial part of it however - and proving operational competence - is obviously key. There are some top growers in and around the company (with a proven track record of implementing large grow sites) which can only be a good thing. Hopefully the arrangement with Piraeus Bank with come to fruition and this can be the trigger many are looking for.

Any such signs and I anticipate a significant market correction from these levels: the shares will simply be too cheap for the market to ignore.

Fingers crossed and NAI etc etc and good luck.
Posted at 25/3/2024 08:58 by oakridge
Good morning folks.

I've received a couple of messages from other HELD investors asking if I'm still interested in this company, so may as well answer on here.

Yes, I remain fully invested and haven't sold any shares at all. I posted back in January in response to the last RNS and tend now only to post when there is something tangible to respond to. Since then I've actually doubled my holding and vastly improved my average, so I remain more than committed even if I accept the hitting of certain key operational targets has taken longer than I had anticipated.

There remains a decent level of interest in the company within the investment community, however much of this enthusiasm appears to have shifted away from ADVFN, for now at least. There are of course uncertainties and HELD remains a speculative proposition, but there are some key aspects about HELD (all of which have been discussed on here before) that remain attractive and compelling for me and the outright size of the opportunity remains undiminished imo. As someone pointed out above, KNB are openly celebrating the recent regulatory developments in the German mkt. And that is just one market from many.

I believe we have a dogged CEO working hard to position the company correctly and who has already proven, through a very lengthy listing process, that he has the best intentions. The company also has some highly prominent advisors who naturally would want only to be associated with a sincere and, ultimately successful, venture.

The recent fall of the share price has, I believe, been in response to sustained selling, compounded with a gulf in news flow. However as others have pointed to, it could be that we are now approaching the thick end of the wedge and much of the waiting and suppressing activity within the market could be behind us. I hope so anyway.

AIMO only so ADYOR and NAI etc.
Posted at 22/3/2024 15:41 by comedy
1.25mill gives you 1% of co. Only reason so out of kilter due to novice seller destroying share price and no news issued that would have absorbed his selling at a higher share price
Gives buyers with some patience a chance to buy double, sell half at double price. Free holding to enjoy the cannabis sales and the macro global bandwagon of the cannabis market predicted to grow x10 over next 9 years.
Posted at 04/3/2024 15:21 by extrader
The payment in shares just made (equiv to £21,322) appears to be the 6% drawdown fee on the First Instalment of $ 450,000 advanced last October :

- $450,000/1.25 x 6% = £ 21,600

So HELD appears to have taken 4 1/2 months to settle the drawdown fee....

The share price was 7p equivalent then, so the tardiness in settlement means that HELD has had to issue over twice as many shares in lieu...

I wonder whether this is a precursor to Drawdown of the second tranche $300,000 mentioned in the October RNS?

There's a reason CLN's are also known as 'death spiral' facilities.

GLA
Posted at 28/2/2024 07:21 by halland75
A downturn in the share price must be expected when news is not forthcoming.

No news has worked for me though, as it was made possible to buy yesterday at a price starting with a 2, and this month has allowed me to get my avg down to 5p.

Remember what Davinder has said, he will not be rushing.

You will only need one piece of news i.e PB approval, to see this share price on the move.

In regards to Piraeus Bank I think that news of approval can't be far off, I feel if it were a no, we would have heard by now.


IMO.
Posted at 27/1/2024 23:23 by halland75
Danielm89,
If you are around at some point I would really like to know what you think of this, I ask you as you were the first who pieced together a possible Pfizer link with HELD.

I think it's a very realistic possibility that Pfizer could buy HELD once IP protection is secured (see the NBC piece below where it states Pfizer abandoned its cannabis-related patents).

And remember in an interview Davinder was not opposed to a buyout.

If Pfizer partnered/bought HELD out, perhaps Pfizer now feels the time is right to continue the work they had discontinued in regards to their pain treatments.
Remember that HELD can produce different strains of medicinal cannabis, and that if HELD secured that IP protection, meaning only they can be used to supply it.

Covid is over, Greek Banking crisis is over, Large Pharmaceuticals getting into the medicinal cannabis space, and that Pfizer link....


"Big Pharma Watching, Waiting and Building Cannabis Patent Portfolio".

Published on: July 10, 2019
David Hodes

"Big pharma is working on locking up cannabis patents, creating partnerships, and standing by to use its financial muscle for more ownership of the medical cannabis industry when the time is right".


This piece from NBC News Now on Sept. 26, 2019, 5:44 PM BST By Noah Smith

A Pfizer spokesperson, Sally Beatty, said the company “abandoned” its cannabis-related patents after it ended research into treating cancer and inflammatory pain.“Years ago we investigated a class of compounds for potential therapeutic value in treating cancer pain and inflammatory pain. Our work in this area was confined to the lab, never tested in patients, and eventually discontinued,”.

Is it just wishful thinking from me, or perhaps everything is aligning now?
At this IMO, right time.
Posted at 17/1/2024 19:10 by extrader
Guys,

The Piraeus offer is highly conditional and short on substance.

The facilities discussed are :

(1) Export factoring = discount of receivables ie any payment risk on buyer, after HELD has jumped hoops on performance (production, quality etc);

(2) APG's in respect of grants already applied for ie self-liquidating discount of receivables ie primary payment risk on grantor, not HELD (other than secondary recourse);

(3) unquantified working capital for plant expansion (presumably above that plant already (?) commissioned).

No detail re amounts of ££ involved, pricing or security terms.

It also requires a detailed reworking/updating of HELD's business plan (the original IPO version presumably superseded by the recently acknowledged 'pivot' in business model), to be submitted by an independent third party consultant acceptable to Piraeus.

Apart from the additional cost, that's not exactly a vote of confidence in HELD management, is it?

Nor does it seem likely to be a quick process, IMO.

A step forward, to be sure, but not quite as it's been bigged up to be, AFAICS.

GLA
Posted at 29/11/2023 18:28 by masergt
Nothing like that gozo.

#1958. Gross overstatement. I railed against the false dawns, the numerous missed final long stop dates, the misinformation and excuses given like PJ, a long experienced corporate lawyer and senior partner, failing to anticipate the need for pan EU jurisdictional approvals; like saying the prospectus had been submitted to the FCA when it hadn't; like missing all the numbers he RNS'd when acquiring HELD. I gave him credit when the RTO completed but guessed he'd be quickly selling down his c. 2.5m shares.

#1959. N.B. Not "5 or 6 years now" gozo. My interest goes back only to February 2021 when Cathal Friel invested. MOGP closed in March 2021 creating SPC. The HELD acquisition was announced in August 2021 so you're another who bends the truth to make a point.

The HELD Prospectus - when it arrived - was nothing like that promised by PJ prior to the suspension of UK SPAC plc.

"IN BRIEF: UK SPAC to acquire Hellenic Dynamics for GBP45 million.

Mon, 02nd Aug 2021 17:29 Alliance News

UK SPAC PLC - cash shell formerly known as Mountfield Group - Shares in London suspended on entry of agreement to acquire European medicinal cannabis firm Hellenic Dynamics SA for GBP45.2 million in shares.

Payment is to be satisfied by issue of up to 9.58 billion shares at a price of 0.472 pence per share at the minimum. Proposed acquisition is expected to value UK SPAC at a minimum of GBP11.8 million at the issue price.

Deal is conditional on regulatory and shareholder approval at an upcoming general meeting, and the enlarged company being restored to trading on AIM before the long stop date of October 31.

"I am delighted that the company has been able to contract to acquire this extremely exciting and impressive company which has the ambition and the potential to become one of the major growers of medicinal cannabis in Europe," says Chair Peter Jay.

Current stock price: 0.21 pence

Year-to-date change: down 60%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Then eventually, 16 months later, we got:

"Alliance News 15 November, 2022 | 3:51PM

(Alliance News) - UK SPAC PLC announced on Tuesday its proposed reverse takeover of European medical cannabis cultivation company Hellenic Dynamics has been approved by the Financial Conduct Authority.

The proposed acquisition by the London-based special purpose acquisition group entails the purchase of 10.4 billion of ordinary shares at a price of 0.3 pence each.

This price was determined after it was agreed Hellenic Dynamic's market valuation had fallen to around GBP31.2 million. It was initially valued at GBP45.2 million on August 2, 2021, when the initial terms of the transaction were announced.

UK SPAC is set to change its name to Hellenic Dynamics, with executives at Hellenic set to take charge.

It has also proposed a subscription of 250 million new ordinary shares at 0.3 pence each to raise GBP750,000.

A further GBP375,000 is planned to be raised through the issue of unsecured convertible loan notes, which can be converted at a price of 0.3 pence each.

UK SPAC said it expects to raise GBP1.1 million from both the subscription and issue of loan notes, as part of its readmission to the London Stock Exchange.

"With the announcement today of the first successful UK listing of a medical cannabis grower, all our efforts have been rewarded," said Peter Jay, UK SPAC chair.

Hellenic Dynamics Chief Executive Officer Davinder Rai said he looked forward to transitioning into a public company.

Kanabo Group PLC said on Tuesday it was delighted the FCA approved UK SPAC's proposal, after acquiring an interest of GBP750,000 worth of shares in Hellenic Dynamics on May 24.

By Greg Rosenvinge; gregrosenvinge@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved."

Now compare those numbers:
- Up to 9.58 billion shares @ 0.472p values SPC at minimum £11.8m, HELD @ £45.2m.

What we got was:
- 10.4b shares @ 0.30p + 250m subscription for £750,000.
- Grants of 1.172b options + 375m warrants + other stuff taking shares to 12.53b.
- 30% dilution straight away.
- The above freebies shared out between 4 directors, 4 advisors and 6 managers!
- Associated placing and CLN to raise £1.125m, share price tanked to 0.15p.
- Alleged HELD valuation at relisting of £31.2m v. £45.2m.
- Actual valuation a week or so later of c. £12m and share price of c. 0.10p.
- Pre 100:1 consolidation share price of 0.045p. Current valuation of c. £6m.
- Loss from 5th Dec '22 RNS to Dec '23, approx 84%.
- Actual achievement? No crops, no harvests, no cash, death spiral finance.
- And what's happened to Kanabo after agreeing to buy £750,000 of shares @ 0.30p?
- Lol.

Thing is gozo, those are the facts which fools try to deny and toss aside. Not my fault if they close their eyes and lose their bet, but then you can't educate pork.
Posted at 27/11/2023 21:20 by oakridge
Halland I, if not everyone (cough!), interpreted your post earlier today as pure irony, as it was obvious HELLD would see a huge 'gain' posted on advfn post consolidation. The shares were not actually tradable today. I think most would have interpreted your post in the same way.....

masergt - refusal to answer a straight question re. Rami Ajami is duly noted......nor respond to gozo providing a good example of a very similar disclaimer, when asked by you. Nor do you pick up on my guidance to p14 of the recent presentation which states the company is GMP compliant (albeit non certified) when you said they would never stand a chance of meeting those standards. There is more you care to pass on, but I'll leave it there.

Now to your breakdown of the loan situation...

I welcome your thoughts on it and your calculations are more or less correct in principal. You have (of course!) painted a worst case scenario throughout.......but to have a worst case scenario, posted by someone who dislikes company, is a useful thing. Investors should be aware of the risks and so, with sincerity, I don't dismiss your permutations out of hand.

First let's look at the issue of dilution. Your grapple on this is really with Gozo...and isn't it really one of semantics? For me personally, I never rule dilution out of the scenario with any company I'm looking at. You posted:

"As the Facility allows for the principle amounts to be repaid in cash or a mechanism for them to be repaid in shares, a condition of the Facility is that the Company must be in a position to be able to issue new shares." GOT THAT GOZO?

You do understand, I hope, that previously with the old share structure, HELD were unable to raise money by issuing shares?....the share price having fallen below the nominal value. The company has explained its reasoning for restructuring the share capital and it should be obvious that the ability to raise funds, attract investment and structure payments is central to this.

If they choose to pay down monies owing through shares, it is possible as you state that this could be done at a lower share price and thus dilutive. The other scenario, which you are unwilling to describe is that it could also happen with a stronger share price and thus mean very minimal dilution.

You also point to the £250K in sales needed in the next 120 days (or four months) for further drawdowns. We will each have our own thoughts as to if this is realistic and whether that first (pre sold) crop is successfully grown, harvested and sold. You clearly think not. You also fail to tell readers that the arrival of a further grant, within the same time period, will also count in triggering the next drawdown.

Again, we can all have our own expectations as to the likelihood of another grant win.

If it comes in its a double whammy because not only will it represent a significant cash injection in itself, it will also have very significant implications in respect of the funding instrument that has been set up. Therefore I see grant win news as a pivotal event and of course I hope it happens.

Now, of course, your worst case scenario MIGHT play out (I'm not saying with certainty it wont), OR, a much better case scenario (ie one of a rising sp, minimal dilution, some sales and / or a grant win) could arrive. Again, I am not saying with certainty that this will happen either. Alternatively it could be a mix of the two.

What is interesting however is your insistence at every step for the worst case.....and now, most recently, with the revelation that you really don't want that to happen because you are, cough, apparently a holder too :O)

Very confusing.

Presumably, if you're a shareholder, you originally saw something you liked in the company? Has that aspect completely gone or could it still come good for you (?) That's a direct question. What aspect did you buy in on?
Posted at 27/10/2023 16:09 by extrader
Dingodog1 on LSE puts it well,answering this Q

Willibo : Dingodog, while I don’t disagree that CLNs can be pretty destructive, the RNS does say that the conversion will be at a premium to the share price at that time, so while that share price may be low the conversion price should be higher - or am I reading this wrong?

Dingodog1 : As mentioned yesterday:

" The Company may elect to miss payments in accordance with the agreed repayment schedule. This would result in various rights being granted to the Lender including the right to subscribe for shares in the Company using a pre-determined calculation"

[Ed.: any guesses why this wouldn't be spelled out?]

The calculation will be something like 90% of the previous 5 day average.

The 40% premium to today's price relates to the warrants, a further boost for the lender. 4 million or so.

The lender can choose to subscribe to addition shares at a 40% premium and become a shareholder. I doubt they will exercise that, however, if HELD does take off then they will naturally choose to exercise and then sell for a profit

Always read - and make sure you understand - the fine print.

A good weekend - and great rugby - to one and all.
Hellenic Dynamics share price data is direct from the London Stock Exchange

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