RE: Good bargain hunting27 Jan 2021 11:56
Just adding to the @MIdas tip at 181p were the following comments off two Fund managers who had placed HEIQ in their "Most Excited about 2021" stock in Shares Magazine on the 14th January, when the share price was circa 210p.
Miles Nolan of MI Sterling Select Companies highlighted the Swiss-based materials company. He pointed the appeal of HEIQ's antiviral surface protection which effectively kills off infectious diseases such as Covid19 and that it’s technology adds functionality to textiles by improving cooling, warming or odour characteristics. They produce curtains to purify the air, water resistant trench coats for Burberry. Ikea also as a client.
The Second Fund Manager tipping it and also in their "Most Excited About in 2021" was Anna McDonald of TB Amati UK Smaller Companies Fund.
Her reasoning was that it has an abundance of products that both help reduce carbon emissions and tackle the pandemic. One of its new products and formulations, Virobloc, is the one to watch for as it kills virus’s and bacteria that come into contact with it. Claims high demand for this for face masks and other coverings. She also claims it is creating some of the most effective, high performance fabrics available and is IP rich and with multiple patents. It is their largest holding and they made a large investment in the IPO. Having just checked back her comments were that “It is founder managed, commercially proven and not aggressively valued”
Contrary to the share price movement yesterday and today the update yesterday was good and imho the fall is unmerited.
Time to shut up shop on this one and let the CEO and BoD get on with continuing to deliver.