· Significant investment in production capabilities at our US site to manufacture new Silicon Carbide cutting tools to increase sales and improve gross margins;
· Sold over 200kg of functional ink from our Taiwan facility into the biomedical sensor market;
· First commercial revenues for Haydale's graphene piezoresitive inks produced in Ammanford for pressure sensors in sporting headgear;
· Haydale's proprietary functionalisation capabilities improved surface chemistry of graphenes from 4% to 20%; and
· Re-sizing of Group's cost base commenced with initial £1.0 million of annualised savings, primarily in the UK
Post Period End Highlights
· Received £0.75 million loan from Development Bank of Wales for working capital
Doesn't necessarily take news for the SP to recover.
See recently Flybe. Hit 1p ish a month ago and then bounced around as high as 6p+ within a day or 2. Not saying it'll happen here and please make your own mind up about your strategy.