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Once out cannot buy DOH
WelshWalker Posts: 609 Off Topic Opinion: No Opinion Price: 2.125 RE: 10 million contractToday 10:32LONDON (Alliance News) - Halosource Inc shares more than doubled in price on Wednesday after the global clean water technology company secured a contract from Shanghai JiuBan Industrial Co to distribute a new line-up of filtering water pitchers and bottles. Halosource shares spurt upward like a fountain on the news and were trading at 2.35 pence per share on Wednesday morning, having closed at 1.05 pence on Tuesday. Halosource will distribute a new line-up of filtering water pitchers and bottles under its new 'astrea' brand through the e-commerce channel in China. The five year exclusive deal for the e-commerce channel in China calls for JiuBan to purchase 360,000 pitchers and over 1 million replacement cartridges representing over USD10 million of revenue in the first three years alone. The minimum volumes for the fourth and fifth year have yet to be determined. The deal is significant as Halosource generated only USD1.4 million in revenue in the first half of 2016, and that had fallen considerably from USD2.7 million the year before. In 2015, annual revenue amounted to USD13.9 million. "The astrea line-up of bottles and pitchers will offer both disinfection and heavy metal removal benefits, one-of-a kind features in the Chinese market for portable and on-the-go drinking water devices," said the company. "JiuBan was founded in 2012 and is an agent for top global brands in China. Their line-up of distributed products includes household appliances and consumer electronics, including air purifiers, mobile phones, TVs, air conditioners, refrigerators, washing machines, digital cameras, and laptops, with distribution on e-commerce platforms such as JingDong, TaoBao, Amazon and Yihaodian, as well as traditional retailers like Gome and Yongle," the company added. The new astrea branded products will utilize HaloSource's patented HaloPure disinfection and heavy-metal removal technologies to ensure that water is "safe to drink and tastes great". Reply | Recommend | Report
Its hit 3p for a flash moment at 11.19 wow this will IMO climb today
Absolutely....wouldn't mind buying one of those jugs for my tap water...lol
Where's what lndie?
Where this?
Water pollution solutions.. Big business.
No....just people realising the potential here...
Yeah but just a price monitoring extension. This looks like the beginning of a rear IMO
?
looking good here... ffs got quote at 2.2 and went for cpx instead lol.
The auction call period has been extended in this security by 5 minutes. Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security's auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today.
Anyone with level 2 - take a look lol, it's nuts - I think the machine is about to explode..
.
and they have a product that is approved and works.....that's the key thing here..
LONDON (Alliance News) - Halosource Inc shares more than doubled in price on Wednesday after the global clean water technology company secured a contract from Shanghai JiuBan Industrial Co to distribute a new line-up of filtering water pitchers and bottles. Halosource shares spurt upward like a fountain on the news and were trading at 2.35 pence per share on Wednesday morning, having closed at 1.05 pence on Tuesday. Halosource will distribute a new line-up of filtering water pitchers and bottles under its new 'astrea' brand through the e-commerce channel in China. The five year exclusive deal for the e-commerce channel in China calls for JiuBan to purchase 360,000 pitchers and over 1 million replacement cartridges representing over USD10 million of revenue in the first three years alone. The minimum volumes for the fourth and fifth year have yet to be determined. The deal is significant as Halosource generated only USD1.4 million in revenue in the first half of 2016, and that had fallen considerably from USD2.7 million the year before. In 2015, annual revenue amounted to USD13.9 million. "The astrea line-up of bottles and pitchers will offer both disinfection and heavy metal removal benefits, one-of-a kind features in the Chinese market for portable and on-the-go drinking water devices," said the company. "JiuBan was founded in 2012 and is an agent for top global brands in China. Their line-up of distributed products includes household appliances and consumer electronics, including air purifiers, mobile phones, TVs, air conditioners, refrigerators, washing machines, digital cameras, and laptops, with distribution on e-commerce platforms such as JingDong, TaoBao, Amazon and Yihaodian, as well as traditional retailers like Gome and Yongle," the company added. The new astrea branded products will utilize HaloSource's patented HaloPure disinfection and heavy-metal removal technologies to ensure that water is "safe to drink and tastes great".
Go over to HAL and see the RNS's there
Where is this news?
Yes exactly. So why isn't it rising to those levels?.
you guys needs to take a chill pill. Whats the profit on the contract, if it is 3-4% then it's fair price mcap. If it's much higher then maybe it will rise. Be careful, Revenue doesn't value a company, profit does.
WelshWalker......how old are you? lol 4 to 6p was the level I was thinking - minimum. This company has turned the corner....from being at deaths door to making sales. Hopefully they can get the lead water filter idea working and to market.
I can't see why it isn't up to around its 52 year high of around 4p in my eyes. This has been kept down and didn't help with the malfunction of live prices, etc.
This can certainly move on low volume
if you look back today to 8.52 and 9.47 they are also for 500k at 2.25
Strange buy at 16:26 for 2.25 500,000 11.25k Never reached that price today - unless it was one yesterdays transactions or good sign for tomorrow. Maybe I'm tainted by the past but this share feels awfully undervalued at this price level I dare say.