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Started: Masterbaker, 7 Dec 2020 10:32
Last post: Masterbaker, 7 Dec 2020 10:59
£1 up as HEIQ
https://www.londonstockexchange.com/discover/news-and-insights/london-stock-exchange-welcomes-heiq-plc-main-market
HeiQ Plc has appointed Arlington Group Asset Management Limited as its financial adviser and joint broker, Cenkos Securities plc as joint broker and Newgate Communications as its UK public relations adviser. BDB Pitmans has acted as the UK legal adviser.
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Listing/Admission to trading
07 Dec 2020
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HeiQ Co-Founder & CEO Carlo Centonze said, “Today’s listing is a major milestone for HeiQ, and we are delighted to welcome our new investors aboard the ship. We have spent the past 15 years building HeiQ to become one of the leading textile materials innovators in the world, and the cash generative, high margin profile of our business demonstrates the success we have experienced.
“The fundraise will enable HeiQ to build on the significant momentum achieved so far in 2020. There are many opportunities to capture more market share through increased sales of our core products to major brands. These have grown 17% in the first half of the year and, in parallel, we have entered lucrative new markets with additional high margin innovations.
“The antimicrobial market, which has grown into a mainstream request, also presents a compelling growth opportunity going forward. The launch of HeiQ Viroblock more than doubled HeiQ’s revenue in the first half of 2020. We look forward to innovating the antimicrobial field and regularly updating the market regarding new partnerships and contracts in the future.
“We are in a robust financial position with a healthy balance sheet and revenue. We have been cash-generative for many years. The business has substantial IP, technology and regulatory permits which create strong barriers to entry. Management holds almost a quarter of the shares and are fully aligned with our original shareholders. Our brand equity has experienced strong growth which will likely lead to further requests by consumers. In summary, we believe the months and years ahead look bright for the enlarged group.”
London Stock Exchange today welcomes HeiQ Plc (LSE: HEIQ) to trading on the Main Market.
HeiQ is a global, profitable pioneer in the $24 billion textile chemicals market, directly serving the $10 billion antimicrobial textile market with its recent Swiss Technology Award-winning HeiQ Viroblock technology. Founded in 2005, HeiQ has grown into a high growth, cash generative company which employs more than 100 people around the world.
The Company has created some of the most effective, durable and high-performance textile technologies in the market today which cool, warm, dry, repel, purify and stop viruses. So far, HeiQ has developed over 200 technologies in partnership with over 300 major brands, including Burberry, GAP, New Balance, Patagonia, Speedo, The North Face and Zara.
The Company’s shares were admitted to the Standard Segment of the Official List of the Financial Conduct Authority at 8:00 am on Monday 7th December 2020 by way of a reverse take over into Auctus Growth Plc. The admission follows an oversubscribed placing and subscription, raising £60 million (before expenses) from institutional and other investors.
Led by an experienced management team, HeiQ rapidly researches new solutions for partners, quickly delivers scaled up manufacturing from its sites across the world and helps partners market the product to end consumers – aiming for lab to consumer in a matter of months.
HeiQ’s latest innovation - HeiQ Viroblock – is an award-winning antimicrobial technology which helps in the fight against enveloped viruses, including SARS-Cov-2 (the virus causing COVID-19). This technology is already being used by more than 150 major brands such as Burberry.
The Company’s aim is to deliver growth for its shareholders by driving increased sales of HeiQ’s core products and by entering additional lucrative markets through disruptive innovations:
Increasing market penetration of core innovations, including HeiQ Fresh AIR (developed for a leading Swedish home furnishing retailer); HeiQ Smart Temp (used by Japan’s biggest casual wear retailer and American clothing brand, Hanesbrands, Inc.) and HeiQ Clean Tech (winner of the Swiss Environmental Award in 2019).
Building on the significant momentum achieved by HeiQ Viroblock: developing HeiQ’s licensing and royalty business, which will see the brand name HeiQ Viroblock licensed together with the technology to third parties in return for royalty payments.
Developing new disruptive innovations: numerous projects in the R&D pipeline, including HeiQ GrapheneX for industrial filtration. The industrial filtration market was over $29 billion in 2020 - CAGR of 6.9% from the period of 2020 to 2025.
Started: stevenc72, 30 Oct 2020 15:28
Last post: Masterbaker, 9 Nov 2020 10:52
Too long?
Anyone know if there is a typical timeframe for a yay or nay on these type of talks?
Last post: Masterbaker, 13 Oct 2020 17:33
Let's hope so, there must be a reason I said similar last year. Or 3 posts ago. lol
Wow, Auctus might actually achieve something after all these years....
L.
Started: peronifund, 4 Jun 2020 13:57
Last post: peronifund, 4 Jun 2020 13:57
have put a small fill or kill order in . can never buy any (or rarely sell any ) I would have thought they'd be some acquisition opportunities about .
Started: Hamodeh82, 27 Aug 2019 10:01
Last post: burningspear, 27 Aug 2019 11:34
Twitterati P&D on the case. Usual suspect.
I feel a bit vampirish awaken from a long sleep in a coffin. Let's hope it actually means something.
Could be transactions promised at final result
Started: Hamodeh82, 27 Aug 2019 10:10
Last post: Hamodeh82, 27 Aug 2019 10:10
don't try normally , it's impossible to buy ...lol
Started: stevenc72, 30 Apr 2019 14:18
Last post: stevenc72, 30 Apr 2019 14:18
"... ... I can confirm that the Board is currently assessing a potential transaction and whilst there can be no guarantee the transaction will proceed the Board is encouraged by the initial due diligence being carried out."
Wakey, wakey everyone....
Hopefully the transaction will proceed to the benefit of shareholders!
Started: stevenc72, 1 Apr 2019 17:15
Last post: stevenc72, 1 Apr 2019 17:15
Strange company
Due this month.
I wonder if they will have anything of interest in them?
Started: Masterbaker, 7 Feb 2019 20:40
Last post: Masterbaker, 7 Feb 2019 20:40
l was thinking of sending them an email, only l can't think of anything to say.
Started: FeverClucker, 11 Jun 2018 12:53
Last post: FeverClucker, 11 Jun 2018 12:53
Anyone tried buying shares in this company recently? I've been told by Halifax this is a complex share and as such they require further information from the company before they will authorise purchases and this has not been received yet.....?
Started: stevenc72, 19 Apr 2018 09:43
Last post: stevenc72, 19 Apr 2018 09:43
Must be due soon. Any kind of update here would be welcome!
Started: superhotchilli, 13 Nov 2017 08:42
Last post: superhotchilli, 13 Nov 2017 08:42
Is the best way to describe this!
Started: burningspear, 15 Sep 2017 14:46
Last post: stevenc72, 20 Oct 2017 12:55
It must be one big and very alert monkey! Could do with some news here.
catcheee monkey.......
Started: Tommyscope, 31 Aug 2017 19:15
Last post: stevenc72, 1 Sep 2017 16:54
I hope you are right Tommy! I had high hopes for this when it listed but the longer it goes on... ... The positive for me is that its a main market listed shell and cash burn is minimal. Here's hoping your expectations are correct on Monday.
For those that believe at 16.25, well I was expecting news on Monday, (dont ask me how) we will see.
Started: Tommyscope, 8 Aug 2017 13:37
Last post: Tommyscope, 13 Aug 2017 13:26
stevenc72 Hi, I am surprised to hear circum was mentioned to the bod a couple of years ago as it was a shot in the dark from me, I notice a mining licence from the government was issued recently to extract the potash, so it would seem that finance is the next and most important stumbling block but one way or another such a huge resource will be extracted. Zulu could well be another option, either way I have a gut feeling Auct are on the cusp of a deal within a very short period of time.
Maybe, It still surprises me that with their natural resource expertise, and their network of contacts through arlington, that they haven't gone for something in the copper/lithium/cobalt/nickel space, or even graphene... We're really at the start of a paradigm shift in automotive industry technology, that will likely continue for the next 50 years or so. The demand for all of those materials is going to skyrocket over the coming years, with Britain and France making the first statements about banning sales of new petrol/diesel vehicles by 2040, how long will it be before the other major European countries follow suit? Not to mention the other continents. P,us that's not the only industry that will see huge change -housing, wind power generation, and so on and so on.. I don't think people quite see just how big the bow wave of momentum demand for these commodities is going to become... L.
I mentioned Circum to them a few years ago. The board were aware of it but at the time I was told it wasn't an option for various reasons that I can't recall without checking back through correspondence. However, things may have changed. PREM may also be looking to separately list ZULU potentially which again would be good here. Hopefully we will have news on something sooner rather than later, PREM related or not.
Frustrating really, but then again, with on,y an annual spend of £35k, another 3 years of waiting will hardly dent their bank balance, nor their mkt cap either... L.
The BoD at Auct aren't to keen on rto's, unfortunately... from what I understand, it would have to be a rock solid opportunity, and one that requires a lot of funds, they'd likely shy away from.. They seem to talk a lot about due diligence, but I wonder if they almost set the bar too high.... L.
Started: Lazygun, 20 Jul 2017 23:28
Last post: Lazygun, 27 Jul 2017 14:24
And with another 1% of the stock purchased in last few days, this stock going to get squeezed before too long, specially with over 30% in director's/funds/ other lth'ers hands too... L.
well thats two of us now in the room lets hope it fills up in the next couple of weeks, see some one else has just taken a small wager.
Good to know someone else is invested in here. Was beginning to think I was the only one. Given the relatively tiny volumes traded over a long period, my guess is that the majority of shares are actually in the hands of long term holders. All the directors and funds and founders, and the placing participants, got in at around the 50p mark, so it's unlikely anyone will be selling, especially given how tightly they control cost. There's a real sense of wanting to use their cash for some sort of deal. After 2 years, perhaps something is finally in the wind... L.
just bought a small amount the speculative buys are much larger, got a feeling some are in the know here, its been a long wait but have a feeling some thing is afoot and we might hear something in the next few weeks.
Another buy at full ask L
Might help if I include the link of course http://www.auctusgrowthplc.co.uk/wp-content/uploads/2014/07/Prospectus-Auctus-Growth-plc.pdf L.
Super, Since I was there and you were not, I'll let Auctus BoD decide whether any of what they said during the meeting could be construed as sensitive or not. I personally don't think there was, but I just want to be sure Interestingly, I was reading through the original prospectus. All the founders, directors, and hnwi all got in at 50p. Illiquidity aside. No wonder no-one really selling. No-one will be making a profit at this level... L.
They will have said nothing. They really are not that stupid. Any announcement will be made via RNS to the wider market.
They will have said nothing. They really are not that stupid. Any announcement will be made via RNS to the wider market.
Hi, Yeah a done deal would be nice. I've played back a summary of the conversation I had with them to find out if there was anything they'd object to me restating in a public forum like this. (I.e. Want to make sure nothing they said to me would constitute contravention of insider trading/market abuse regulations), and am just waiting to hear back from them... L.
BoD were surprised anyone had turned up to it. Good to meet Charles and Ross though. Also interesting to hear a little bit of the background about how Auctus came into being. The focus on running the company on the absolute minimum cost base that they can, plus waiving salaries and so on, and the fact that as a cash shell, it's £1 million plus funds is still ahead of its current market cap, aside, (oh, and let's not forget that is has a main market listing rather than an AIM listing, so as a cash shell, it does not seem to have the same time restrictions applicable for finding the right deal), it is very clear that the BoD are acutely conscious that considerable time has elapsed since starting their journey of finding the right opportunity that they can direct Auctus funds at. Charles certainly seems to know his stuff, pointing out the vast majority of opportunities that land on their desk tend to be "average" ideas with problems attached that those individuals are hoping to dump onto Auctus to solve. I am more confident that the BoD are holding out for that genuine opportunity, and given the BoD's background and experience, I am now much more convinced that they will uncover the right deal for Auctus shareholders. As to how long that will take, we'll that's any body's guess, although naturally as one would expect, the BoD would have to remain tight lipped in order to avoid insider trading and market abuse regulations. Rightly so... So, whilst I am filled with greater confidence about their ability, focus , commitment, strategy and vision for Auctus, and am therefore happy to accumulate more stock whenever I have an opportunity, no juicy tidbits about future activities... sigh..... Guess I like the rest of AUCT shareholders will just have to wait until we see an RNS.. L.
Anyone going? L.
Last post: Lazygun, 17 Jun 2017 01:17
Very true. Agm couple of weeks away. Might be a good time to try and find out what is going on. There's eval and due diligence, and then there's eval and due diligence.... Interesting that the directors seem to have considerable pedigree, in the natural resource sector, and in ipo'/rto's, which begs the question, why is it taking so long to find something to invest in... L
There are hardly any shares to be had so when the buying starts, it moves very quickly.
Started: FeverClucker, 16 Jun 2017 07:43
Last post: stevenc72, 16 Jun 2017 12:45
In a nutshell its a main market cash shell with approx. £1m in the bank. The IPO was done in August 2014 (the document is well worth a read). An acquisition nearly happened about 12 months ago but that would have taken us of the main market and onto AIM. In any case, the acquisition was aborted by the BoD and the associated costs were paid by them. As far as I know we are still looking for another target with a few being considered. The AGM is at the end of the month i think. So we are still waiting for an acquisition but have a credible BoD in place in my opinion. I think that just about sums it up. I have high hopes that they will pull something spectacular off and its main market not AIM.
going on here, anybody know please?
Started: Masterbaker, 27 Apr 2017 08:32
Last post: Masterbaker, 27 Apr 2017 08:32
Still, Steady as she goes, then.
No news from this BOD in 18 months (Aug 2015). Good that they're keeping costs to a minimum but was hoping for an acquisition inside a year. Come on guys give us some good news!
Can't buy any here, been in and out a few times, but with the shells being back in fashion thought I'd try a punt
Started: TOASTIE778, 26 Oct 2016 00:29
Last post: TOASTIE778, 26 Oct 2016 00:29
not a lot of free float
Started: TOASTIE778, 24 Oct 2016 11:07
Last post: TOASTIE778, 24 Oct 2016 11:07
Small MC shares in sticky hands.Will move very quickly on news.
Started: peronifund, 7 Sep 2016 15:12
Last post: peronifund, 7 Sep 2016 15:12
the 15k buy there says something....... there's news coming imho .......