Member Info for HotChip

MESH potential downside risk - although this is continuously mentioned in many comms that this is a project of national significance, this could change quickly when there a new Labour government is formed under new leadership - we don't know what the future will look like. If there is a new governing party, what does that mean for the future of this project. It's something to keep in mind, when investing in an early-phase / development project imo.

Lots and lots of meaningless buzz words........like 'ecosystem' mentioned nine times.

I can't believe that an RNS soooooo long can tell us so very little!

I am none the wiser....

I don't like a company that tells us nothing at all....

I think we just let this one play out in the months and years ahead and the positive results will be reflected in the SP at some point. For me, its one to tuck away and forget about for now.

DYOR

....yet...

I'd say its mainly read-across from OTB and the cruiseship virus. Don't think there's any impact from the Gulf issues.

DYOR

This is exciting, I've sat on these for quite a while with a modest amount invested, as I thought this looked an interesting business that could accelerate further. Then I completely forgotten about them and have not been paying attention to the RNSs or media podcasts.

I'm going to spend the next few days getting myself up to speed and wish all investors the best of luck. This does look like a very attractive investment and I am pleased where this appears to be going.

DYOR

Given market sentiment more broadly, I doubt the contract is anywhere near these figs - just guess work.

I must be the only one here that thought the Illiad revenues for 2026 were already factored into the revenue guidance earlier in the week - I guess its in how you personally interpret the information. So, for me, I don't have any issues with the comms.

DYOR

Better than being bullish and disappointing everyone when output is poor :)

Decent set of results, as expected. Alot of work been done in the background to streamline the business & reposition itself. I'm happy the divi has been suspended, it was nominal anyway and priority should be on redeploying that cash back into the business imo. Good update about Illiad. It was also good to see the CSO taking the lead in yesterday's comms with a number of news outlets, rather than it always being Mo.

I think it will go through, but maybe I'm being too severe on the price. Let's see what happens, GLA.

DYOR

You mght want to listen to the Vox Markets podcast. There is a view from a couple of fund managers that Iliad appear to be in the process of renegotiating the terms of the contract - the environment when the LOI was signed is different today in terms of the demand supply function within the CRO industry i.e. there is a lot of spare capacity for trials now than before. With that in mind, if terms are agreed, I believe this will be at a noticably lower price than what was originally communicated to the market. I would expect this to be around the US$8m mark. If this is the case, I don't see much uplift if any in the current share price, compared to what we saw a month or so ago. Just my opinion, you are entitled to your own.

DYOR

9th April, from memory

Neon - sorry, what's POLB got to do with HVO?

Neon - who dumped?

Lets not get ahead of ourselves, nothing is tied until the ink is dry.

Whoopee, what am I supposed to do with this intel?

Really? It clearly hasn't...

Let's not get too excited, I reckon the PUSU will be extended again.

DYOR

The key contract they've been talking about for well over a year is a binary bet imo. Lets not get too excited about it until it lands (if it indeed does)

DYOR