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It has only an £19M market cap now, so relatively small volumes will cause a decent price movement (both directions). I bought more recently as a punt; if they survive there is no reason I can see to prevent them recovering to trading on a level at least as good as it was prior to the pandemic.
New base I mentioned early seems to have happened just like that
Was not expecting it to move so much, granted thought we would have a tick up but 40% of just 31 trades.
Top of the leaderboard and under the radar 😁
Flown past the 200dsma. Could it be a buyout? Would have thought their AeoniQ tech alone would make them a target at these levels.
Ohhh ererrrr :p
Oh err
That'd be nice. We have the 200dsma to get through at just over 14p and a handy gap to aim for around the 17p level. If that's passed then doubletop on the bowl is 23p so not selling yetaways.
Hi panman, hopefully 16-19p as a new base.
Wrong board
Did anyone look into the tip i posted last week. if so hope ya doing well.
come on enet
Yes good to see the rise and on decent volume again so far today.
Wonder what fair value is? fair to say their markets have been difficult but their recent innovations and partnerships look fairly promising for future recovery.
Nice action ah ha, to myself
Here
Re the partnership with Culp they're reporting the new heiq lines went down well at the Interwoven show with prospective buyers in what is apparently still a tough market.
"“They need something new on the floor when business does come back,” said Tammy Buckner, senior vice president of design and marketing, noting that the line offers a good-better-best pricing story along with high levels of style and comfort in each segment. “We have given it an equal focus to provide value in each area.”
Culp said it received positive response to its new fabrics as well as its new partnership with HeiQ that offers the company’s Allergen Tech enhanced interior upholstery fabrics, with Culp as the exclusive supplier. The company said that Allergen Tech addresses problems ranging from dust mite matter to pet allergens in textiles “with the help of active probiotics, making it ideal for applications in upholstered furniture, such as sofas, armchairs, and other upholstered furniture products, which are among the household items that are rarely or never washed.”
“We introduced this new option at Interwoven to all of our customers and had HeiQ on site for demonstrations and questions,” Buckner told Home News Now. “It is a finish that we can apply to any fabric in our line and it works with our LiveSmart or Washables line if the customer wanted to offer it as a part of their performance line. It doesn’t wash away or wear off so it does last for the lifetime of the fabric. This has been perfect timing for introduction with it being in the middle of North Carolina allergy season.”
“We’ve been really excited about the reception it has gotten at Interwoven and think it’s a great addition to our Health and Wellness fabric offerings,” Buckner added."
https://homenewsnow.com/blog/2024/05/10/interwoven-offers-aggressive-product-launches/
Reads well and from the news article Culp appears to be large.
HEIQ EXPANDS APPLICATION OF HEIQ ALLERGEN TECH TO UPHOLSTERY FABRIC THROUGH COLLABORATION WITH CULP
May 7, 2024
HeiQ partners with Culp to apply HeiQ Allergen Tech, a 100% biobased* solution that reduces allergens on textiles, onto interior upholstery fabric.
HeiQ, a leader in textile innovation, announces the extended application of HeiQ Allergen Tech to bring the benefits of this biobased textile technology to the interior upholstered furniture market, marking a unique launch into this segment...
https://www.heiq.com/news/heiq-expands-application-of-heiq-allergen-tech-to-upholstery-fabric-through-collaboration-with-culp/
Pop into have a look every now and then here due to the promise AeoniQ seems to hold but good to see them win a major contract with synbio too.
It was about time they had some positive news imo.
And now Darren Morcombe has increased his holding from 10.45% to 11.55%… 🤔
So someone invested £250k to buy 2% of the company yesterday afternoon… 🤔
Dave
blimey,200p down to 9p,that's one long downtrend.
anyway,its all about timing and it looks like you got this top up,spot on.
once those placings have been offloaded.
since covid and high inflation,there's a lot of 5 year charts,mirroring heiq's.
bad news if you bought before 2020,good news,if your buying in,around now,just before central banks,start lowering interest rates.
soon be SUMMER.LOL.
I don’t disagree with you Troajan. I’ve been topping up down here over the past week or so and managed to get my average down to 15p (now got over 1.7m shares 😳) as think this will get back up to 50p+ over the next couple of years so good to see some buying today!
Dave
anything 9.00p looks like a buy to me,even those printed has sells.
A couple of slightly bigger buys today so maybe the new Chairman buying some skin in the game… 🤷♂️
8.80p.....looks like the end of the downtrend..imo
lets see
I'm in the same boat. significantly under water. On paper the products and the collaborations look good, but have we all been used to finance someone's personal play thing?
I didn't take part in the retail offer because I think it will keep dropping below the offer price. Thankfully i only speculated a little in this company.