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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/
£15k buy 🤔
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.
The lack of updates frustrates me. This seems to do nothing.
I only speculated a grand on this a few years back, but at £1.31 a share.
I wish I'd sold out as soon as the shares resumed trading a few months back. Instead there is this daily dribbling away of value. A very frustrating share to hold.
Spread over 14 offices in about 8 time zones in 5 continents they would appear to be an overly complex business.
And without being cash generating I would say they were fighting on too many speculative fronts.
It is no wonder that they have struggled to keep up with reporting since listing. Further pains ahead me thinks until they can simplify and focus.
Restructuring/refinancing still to come.
What happened to the Jan trading update?
Looks like we are stuck waiting until the publish final results in April.......assuming they can now get their accounts done in time.
One frustrating share to have been holding the last year this is
See more directors buying this in 2024 ...very cheap now
Money to come in ...news expected
Primed for a bounce up
I wonder how their plans to raise $20M series A for the 3000 tons manufacturing plant in Portugal are progressing.
I see these multi-bagging and a great time to pick these up today
Have written these off now. Expecting a lowball offer, probably from management, to take them private again.
I can’t see them going to the wall! The business has been around for almost 20 years. I bought and sold back in 2021 but bought a few more just before they were suspended but have been hoovering up shares down here since they started trading again. I feel confident that they are a good investment, even at double the current SP but I guess only time will tell whether I’m right or wrong…
Management seem to be the epitome of the statement 'power is nothing without control'. They seem extremely innovative and entrepreneurial but without the ability or class to manage it properly over a long period. I am a small investor here and I would like to have the confidence to add more as there are some aspects of their business that I like - but they scare me a bit.
Unpredictable: as likely to go to the wall from their exploits as much as be the next big thing.
I think the risk here at the current SP is minimal. Yes, they’ve made some mistakes (delayed audit) but they will have thrown the kitchen sink of bad news at this at the end of last year. The bottom line here is that this is a good business that’s gone through a poor trading period, having got ahead of themselves but the MCap is currently at about 10% of what it IPO’d at so I for one think it’s a pretty sure thing to at least treble my money over the next 6-12 months and multi bag over the next 1-3 years! The team running this business have lots of skin in the game and Darren Morcombe, who helped IPO it, has recently increased his shares from 3.99% to over 10%! DYOR