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easy tiger, steady and slow
Business plans set out at the end of last year / start of this re. refocusing on drinking water products in India and China look to be coming to fruition, sale "environmental arm" (swimming pool filtration) looks prudent and will ensure it's funded for it's development. Good stuff.
The sale is 3.5p a share with cash in bank as well it equates to over 6p a share
Keep up the good work mm's slow and easy
A steady rise nice and slow, looking forward to this passing 25p
Yay!
Inside the City: Water purifier shows no sign of drying up ON THE face of it, there’s a lot to like about HaloSource. The AIM-listed tiddler has invented a low-tech water purification system that is both cheap and highly effective. Its potential client base runs into billions of people, from the ultra poor forced to drink dirty water to the mega posh who insist their liquids be filtered every which way. In 2009 America’s Environmental Protection Agency even registered its filter of polystyrene beads bathed in bacteria-killing bromine as the first novel water sanitation technology in 15 years. Bromine is much more effective at killing germs than chlorine and doesn’t affect the taste. So, next stop, global domination. Or not. HaloSource has been a disaster since it listed at 135p a share five years ago. On Friday it closed at 15.5p — a drop of nearly 90% from its debut. Under the rosiest scenario, the loss-making developer is two years from breakeven. Before you dismiss this as yet another science project destined to wither in the AIM weeds, though, consider a few factors. One is Neil Woodford. The star fund manager, who left Invesco Perpetual last year to set up shop on his own, is a big fan. In November he backed a £7m fundraising to replenish the shrinking balance sheet. His support goes back years. Before he left, Invesco was HaloSource’s biggest shareholder. Woodford Investment now owns a fifth of the company. HaloSource has supply deals with five companies in the drinking water markets of China, India and Brazil. One of these partners, though unconfirmed, is thought to be Unilever. Last year sales jumped from $16m (£11m) to $21m, an increase of nearly a third, while it cut its annual loss from $12m to $7.9m. Liberum Capital, the bank that floated HaloSource, slapped a 40p price target on the stock last month. With a genuinely useful invention and serious backers, HaloSource looks like the perfect punt — just as it did five years ago. But it’s a lot cheaper now.
a solid update Good progress
Its good also that the placing shares are being held onto and not being sold into the market.
actually thought that we'd seen the last of these as product had launched. interpret this to mean that sales might not be quite as good as hoped. Having come this far am happy to wait and see.
Interesting to see the above has taken part in fund raising. Should have a good eye for a small company. Not sure what success/failure has been like recently. Think he may be involved in Blinkz and Cupid. Not sure I view this in same bracket
He seems to be a big fan of this company. Let's hope they can deliver.
I would love to know who the other investors were. I was and am hoping to see further holdings rns
It's useful for him to have switched firms in this case as he's got a rather different book cost on his holding this time around! A good endorsement and a backer who would pony up more cash if the need arose although am taking he view that that now shouldn't happen before bus turns profitable. He can afford to go to zero on such holdings though. Interested to hear who else took up shares. Board should be filling their boots as best they can
19.5% holding announcement released today.
I got the announcements through investegate. Make sure you use HALO epic rather than HAL
i couldn't find any rns alerts for this company even though its obvious there have been results & good news recently for this rise and annoyed I missed them. I've tried Investegate and here lse and they both only give info to 2013. I'm sure they would appear on the company website but I do like a common location. Could someone advise where else they were located please, thanks
up 200% since the bottom so far but no indication of interest on this board. Imagine that RHPS cant bring themselves to mention the company. Hopefully i am vindicated in thinking the nadir has been passed.
pleased that cash raising removes one major risk facing the business. interesting that cash wasnt raised at a large discount and would also be interested to know who participated in the placing.
Good day, but this should be more tomorrow
I think there's a big re rating to happen next week.
Dammit! Was hoping for more time to add to my holding. Illiquidity means it could move up pretty sharply with only modest demand
Tipped by share mag. Looking forward to next week