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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pipehawk Plc | PIP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.05 | 1.89% | 2.70 | 08:49:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.65 | 2.65 | 2.70 | 2.70 | 2.65 |
| Industry Sector |
|---|
| ELECTRONIC & ELECTRICAL EQUIPMENT |
| Top Posts |
|---|
Posted at 19/8/2024 15:29 by eezymunny What's the net asset position of the company at the last balances sheet date Citys2874?Or haven't you looked? Last time I looked PIP was balance sheet insolvent to the tune of millions of pounds. I can't believe anybody is so terribly lazy, dim, or naive to have missed this.... |
Posted at 11/7/2024 11:06 by eezymunny Kingston78, are you the latest in a great big line of "investors" who haven´t noticed that PIP never make much in the way of profit and owe the directors very significant sums?"In addition to the loans I have provided to the Company in previous years, my fellow directors and I have deferred a certain proportion of our fees and interest payments until the Company is in a suitably strong position to make these payments in full. During the six months ended 31 December 2023, these deferred fees and interest payments amounted to approximately £82,000 in total, all of which have been accrued in the Company's interim results, and at 31 December 2023 amounted in total to £1,865,000" The parent company is balance sheet insolvent to the tune of 6 million quid (see annual report 2023). And from the AR "16 Borrowings analysis (continued) Directors’ loans Included with Directors’ loans and borrowings due within one year are accrued fees and interest owing to G.G Watt of £1,783,000 (2022: £1,644,000). The accrued fees and interest are repayable on demand and no interest accrues on the balance. The director’s loan due in more than one year is a loan of £2,501,000 from G.G Watt. Directors’ loans comprise of two elements. A loan attracting interest at 2.15% over Bank of England base rate. At the year-end £1,501,000 (2022: £1,750,000) was outstanding in relation to this loan. During the year to 30 June 2023 £393,000 (2022: £200,000) was repaid. The Company has the right to defer payment for a period of 366 days. On 13 August 2010 the Company issued £1 million of Convertible Unsecured Loan Stock (“CULS”) to G.G Watt, the Chairman of the Company. The CULS were issued to replace loans made by G.G Watt to the Company amounting to £1million and has been recognised in non-current liabilities of £2,501,000. Pursuant to amendments made on 13 November 2014 and 9 November 2018, and 30 June 2022 the principal terms of the CULS are as follows: –The CULS may be converted at the option of Gordon Watt at a price of 3p per share at any time prior to 13 August 2026; –Interest is payable at a rate of 10 per cent per annum on the principal amount outstanding until converted, prepaid or repaid, calculated and compounded on each anniversary of the issue of the CULS. On conversion of any CULS, any unpaid interest shall be paid within 20 days of such conversion; –The CULS are repayable, together with accrued interest on 13 August 2026 ("the Repayment Date"). " PIP is a zero waiting to happen IMO. Even if it survives, the chances of shareholders getting any return is very miserably low. All those loans have to be paid off at some point. |
Posted at 05/7/2024 07:22 by eezymunny "EezyMunny - 29 Nov 2023 - 09:18:24 - 896 of 902 Pipehawk..tiny company winning big contracts ! - PIPIf you hold this you've chosen to ignore the awful history of losses and the millions and millions of liabilities that would need paying down ahead of any benefits to shareholders. The wildest of stupid punts IMO. Sympathise I shall not if/when the curtain closes on this..." This was always going to happen IMVHO. Holders should learn to understand balance sheets. Dimwits, some may say... |
Posted at 05/7/2024 06:44 by someuwin Wow - QM going into administration! PIP must be deader than Sunak now. |
Posted at 17/2/2024 12:07 by pugugly So do I. But there is a need to for there to be a strong indication for them to shortly become EBITDA positive -No indication that PIP is anywhere near this at the moment. Again - What is your buying price? Just so everyone can see how long term wise you are. CSFS - Nice call |
Posted at 17/2/2024 11:53 by z1co I like to BUY shares in companies that have started to trade strongly and the market has not realised yet of their strong trading.PIP falls in that category as does SUN and BOOM. Last year my similar research led me to buy CSFS in which the share priced increased by more than 5 fold in 12 months. btw CSFS also had an outstanding debt at the time but it's now cash positive. |
Posted at 30/1/2024 11:33 by someuwin Pip's QM systems have largely been existing on one off project work until now. This is going to change in 2024 as they start long term production of three different, and potentially very large product lines.* Ventive innovative heat pumps. * Fast MDx Medical Vial Filling machines. * Caudwell Marine outboard engines. The Cauldwell here is legendary multi billionaire and mobile phone entrepreneur John Cauldwell. His backing is a huge vote of confidence in PIP imo. "Caudwell Marine anticipate high demand from Boat Builders and commercial operators from across the world. The engine will be made available through a global network of distributors in 2024." |
Posted at 14/1/2024 06:37 by balutta The only news concerning PIP I can find begins with the 3 words' PIP shares plunge ". Zico - are we reading from the same book ? |
Posted at 29/11/2023 13:40 by eezymunny Heat pumps? PIP don't do heat pumps, do they?!!! |
Posted at 11/10/2022 11:08 by pldazzle "Millions of pounds in government innovation funding will be awarded to two dozen projects looking to address technical and skills barriers to heat pump use.An app to improve heat pump commissioning and a system with integrated heat storage are among the recipients of government innovation funding. Two dozen technology projects will receive a shared pot of financing through the government’s ‘Heat Pump Ready’ programme that was unveiled as part of its 2021 Heat and Buildings Strategy. The total sum of the finance is £15.03m. [.....] "A sum of £1.49M will be provided to Ventive to assist with the development of a modular heat pump system that can be pre-plumbed and pre-configured with controls and energy storage before before arriving on site. The company is partnered with QM-Systems and Clear Blue Energy on the project with the aim of offering more simple to installed [sic] systems that can offer integrated ventilation, heating and hot water with causing disturbance [??] in properties. Another aim of the technology will be to make use of in-built sensors to help adapt heat pmup performance to meat the specific needs of individual properties based on thermal mass, user behaviour and heat loss." I don't recall PIP publicising this? How likely is it that part of the funding will flow to QM? Seems fairly encouraging anyway, despite the implication that the Ventive product may not be quite as oven-ready as we had been led to believe. Edit - This from the horse's mouth: Ventive Project title: Modular Heat Pumps for Cell Based Microfactory Assembly BEIS Grant Value: £1,498,600.00 Project partners: QM-Systems Ltd, Clear Blue Energy Ltd Project overview Ventive are designing a modular Heat Pump that will provide significant cost and CO2 savings across the installation, operation and production phases. Ventive Home Heat Pumps are demand responsive, fully integrated Indoor Environment Control systems providing integrated ventilation, heating, and hot water with free summer cooling. The Heat Pump will arrive pre-plumbed and pre-configured with monitoring and renewable energy storage to enable quick and simple installation. Since each home is different (size, heat loss, thermal mass, occupancy, user behaviour), Ventive will use an array of integrated sensors to assess the indoor environment and adapt the performance of each system, learning and optimising its operation to drive improvements in energy efficiency, energy storage and load shifting capacity. |
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