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HELD Hellenic Dynamics Plc

0.95
0.00 (0.00%)
24 Jan 2025 - 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
  0.00 0.00% 0.95 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Blank Checks -4.86M -0.0341 -0.28 1.35M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.95 GBX

Hellenic Dynamics (HELD) Latest News

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Date Time Title Posts
15/1/202523:50Hellenic Dynamics - All Views Welcome267
01/8/202417:10Our First Harvest337
21/7/202417:53Hellenic Dynamics2,422
27/6/202407:43HELD - The Positive Thread197

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Posted at 25/1/2025 08:20 by Hellenic Dynamics Daily Update
Hellenic Dynamics Plc is listed in the Blank Checks sector of the London Stock Exchange with ticker HELD. The last closing price for Hellenic Dynamics was 0.95p.
Hellenic Dynamics currently has 142,543,818 shares in issue. The market capitalisation of Hellenic Dynamics is £1,354,166.
Hellenic Dynamics has a price to earnings ratio (PE ratio) of -0.28.
This morning HELD shares opened at -
Posted at 15/1/2025 23:50 by triskelion
It's the Marie Celeste of stocks.
Compare and contrast for instance CORO (though AIM traded not main market) which till lately was also in suspension and for me showing the same scale of paper loss. In the case of CORO however if current proposals get upheld at upcoming shareholder and bondholders meetings even the bondholders for example will have taken a massive haircut and swapped their debt for the lower ranking of equity. So they appear to have hopes in their business plan and prospects.
Cf. HELD. It's hard to know what explains the apparent inactivity of the major shareholders i.e. what do they know that we don't. It's not as if they are even theoretically impotent; probably not the best source and I have not verified this against the 2006 Act, but


"...The members also have the ability to demand a general meeting. Section 303 of the Companies Act 2006 requires the directors to call a general meeting once the company has received requests from members representing 5% of the paid up share capital those entitled to vote at general meetings of the company...."
See also (with same caveats):


But would there be replacement/s willing to sup from the poisoned chalice? Again presumably it depends on how supportive or not the major shareholders might be...?

EDIT 2025-01-16
Consider going to e.g.

and searching for Holding in Company and you will find data indicating there are several shareholders with the necessary voting rights to er, activate matters if they so wished.
Meantime a random reprise from 2021-06-10 regarding KNB's potential interest in the operations of HELD:
Posted at 30/12/2024 21:32 by triskelion
Sharescope gives the total of the holders I listed as having over 40% of HELD's issued capital. Presumably their data source/s is/are the same as other online research providers eg Stockopedia at least as regards TR1s etc...?

I thought I recalled KNB having a shareholding in HELD but there's a (to me) currently confusing Note 20 of KNB's AR y/e 31 December 2023 indicating perhaps not, but it contradicts the Sharescope number for Samos so maybe it's referring to KNB disposing of Samos not HELD, haven't really looked at it properly yet (and likely won't).
Posted at 27/12/2024 19:57 by extrader
Companies House isn't very informative.

Of the 9 co's linked to Rai, only HELD (accounts overdue), KARD Group (buying and selling of own real estate) and Campus Society ('active process to strike off')are 'live-ish':

of the remaining 6, 5 are 'dissolved' and 1 is 'in liquidation'.

If I were a betting man...

GLA
Posted at 27/12/2024 18:21 by yohoho
I note that the website does not include a share register or summary thereof.What makes you think that the shareholders that triskelion mentions are still holders? If I was a betting man.........
Posted at 15/11/2024 15:41 by masergt1
Well, well. I'm absolutely shocked to the tips of my toes. How can any lender be so unhelpful to such an honest and commercially successful company as HELD???


Update on €1 million loan
HELLENIC DYNAMICS PLC
Released 07:00:05 15 November 2024

RNS Number : 3408M
Hellenic Dynamics PLC
15 November 2024

15 November 2024

Hellenic Dynamics plc


("Hellenic Dynamics" or the "Company")


Update on €1 million loan


London, 15 November 2024, - Hellenic Dynamics plc (LSE: HELD), a medical cannabis cultivator focused on producing medical cannabis flowers for global markets announces that further to the Company's announcement of 7 October 2024, which provided an update on the receipt of the €1 million loan originally announced on 22 April 2024, the Company confirms that, despite continued reassurances from the lender, the loan has not been received and the directors of the Company have no certainty that the loan will be received, and if received on the timing of such receipt. As such, the Company is now exploring alternative financing options to meet its working capital needs effectively.
Posted at 13/11/2024 21:06 by triskelion
Yeah real momentous news, change of registered office. (To confuse process servers for a while?)
I'd sooner they just quantified the need for a raise and started talking about it publicly. 'I've started so I'll finish...'
Company doctor required but how to remunerate.
btw interesting that bbc article the other day about an Isle of man cannabis cultivation company getting build approval. If they can do it albeit in a place with higher costs what is the real reason for the prolonged stall in HELD sticking to its business plan?
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 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?
Hellenic Dynamics share price data is direct from the London Stock Exchange

Hellenic Dynamics Frequently Asked Questions (FAQ)

What is the current Hellenic Dynamics share price?
The current share price of Hellenic Dynamics is 0.95p
How many Hellenic Dynamics shares are in issue?
Hellenic Dynamics has 142,543,818 shares in issue
What is the market cap of Hellenic Dynamics?
The market capitalisation of Hellenic Dynamics is GBP 1.35M
What is the 1 year trading range for Hellenic Dynamics share price?
Hellenic Dynamics has traded in the range of 0.825p to 4.275p during the past year
What is the PE ratio of Hellenic Dynamics?
The price to earnings ratio of Hellenic Dynamics is -0.28
What is the reporting currency for Hellenic Dynamics?
Hellenic Dynamics reports financial results in GBP
What is the latest annual profit for Hellenic Dynamics?
The latest annual profit of Hellenic Dynamics is GBP -4.86M
What is the registered address of Hellenic Dynamics?
The registered address for Hellenic Dynamics is 21 ARLINGTON STREET, LONDON
What is the Hellenic Dynamics website address?
The website address for Hellenic Dynamics is www.hellenicdynamics.com
Which industry sector does Hellenic Dynamics operate in?
Hellenic Dynamics operates in the GEN CONTRACTOR-NONRES BLDGS sector

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