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But surely those comments have to be read in context.. the CEO says he is working on a new debt facility and if the company is managing the current debt, there really isnt any reason for either of the 2 banks to remove the current facility? Accountant firms have to state the facts to cover themselves, but it should be read in context - as with any business... nothing is risk free... banks could pull debt facilities on any business, but they dont.. IMO...
Statement out today... https://www.sharesmagazine.co.uk/news/market/LSE20230929070012_4916144/accounts-update
Accounting update: looks like intangibles write down, requirement for more robust debt facility. Trading was poor last year, but that is not new news... outlook is better. Management still aligned with equity And they expect to announce more positive updates on relisting... next week?
Another good article on the MAS investment. Shame no details of the percentage they bought, but whatever it was, the valuation of AeoniQ is still a multiple of the HeiQ market cap.
https://www.forbes.com/sites/brookerobertsislam/2023/07/05/mas-holdings-and-heiq-take-sustainable-plant-polyester-mass-market/?sh=d64ffd812cb8
LP89... you may have missed these, but since the suspension they have made 2 announcements:
https://polaris.brighterir.com/public/heiq/news/rns/story/r74d71r/export
as well as todays which is posted below...
Regrading your comment, the CEO and management own 24% of the shares. Anyone can make a 'offer' for the company at a price to the main shareholders - but it has to be in the interest of the shareholders - Given the potential newsflow, I doubt many shareholders would want to sell their shares at anything other than a multiple of what the stock price was at suspension...
Very positive announcement on AeoniQ this morning: Another investor signed up - manufacturing this time which is positive: https://polaris.brighterir.com/public/heiq/news/rns/story/rd1538r
HeiQ now for sale in the UK.... John Lewis : https://www.johnlewis.com/search?search-term=HeiQ%20Allergen%20Tech
Good to see the CEO buy another near 300k of shares. Clearly the IP of this company is worth more than the £40m mkt cap. The risk is a takeover. Every company in business is finding the macro environment a challenge to navigate and for sure the big projects (AeoniQ, GrapheneX) are taking longer than expected to bear fruit, but the fundamental value and potential of the products are still there.
Solid set of earnings out today for the 1H 2022 and positive outlook for the rest of the year. The business is clearly profitable, growing in the right markets and generating cash. With very little debt, $22m of cash with a market cap of c.$100m I think the company looks very solid. I still think that the long term future is very bright for HeiQ as long as it continues to build on the current foundations. It could do with a few big contract wins or new partnership deals on Aeoniq. However, these things do take a very long time in the real world. I dont think the current share price is a full reflection of the future value, but given the volatility of the small cap market, not really a surprise. I still think it is very vulnerable to a take over. The briefing from the CEO on 14th Sept will be interesting
I agree 100%. There are still some doubters, but if people take the time and read the company releases or go to the trouble of watching the online web presentations then many of the concerns and questions being asked on this chat are answered in full by a very competent and eloquent management team. All available on the HeiQ website. The performance of the share price is clearly frustrating to investors (as it is to management who own 23% - and have been buying recently), but this is a small cap company and that is often the case - if you don't like the volatility of small caps, don't invest in them I would suggest.... The Aeoniq business is worth $200m, as confirmed by Hugo Boss's investment and there are similar investment partnership deals to be announced this year in a similar way to HB. The balance sheet is very solid for a small cap company with over 10% of its market cap in cash and a further 10% of credit lines available. The underlying business is free cashflow positive which is impressive given the investments they are making and the tough operating environment. I actually think the biggest risk is that another company makes a hostile takeover given the low valuation and potential growth. It remains a very good long run bet IMO.
the HEIQ presentation starts at 2hr 22m) I thought the comments at 2hr 25min are interesting as CEO says the current FY forecasts will be met and expects to beat the forward forecasts of the analysts... So hopefully no negative surprises at the FY earnings announcement! Consequently, I think the shares look good value here
28th September - access to webcast available RNS announcement:
https://polaris.brighterir.com/public/heiq/news/rns/story/x49j4dw
Good to see HeiQ in the news. Hopefully more good news to come from their 1H earnings announcement which must be imminent?
https://www.theguardian.com/business/2021/sep/11/a-year-that-changed-the-world-and-medical-companies-fortunes
Well put Soder, I 100% agree with your assessment of HeiQ - exactly the same reason why I am an investor. Ultimately this should be a £6-£8 stock. Given the dramatic falls over the past 2 months, however, it will be reassuring to the market to see a half yearly earnings report that shows ongoing progress across its development pipeline and monetisation of client partnerships. As you say though, short term volatility is not really an issue and punters should look else where.
I don't think one announcement is enough. Given the extent of the fall and the volume that has gone through, I feel it will the real turning point will be the first half earnings, expected to be reported in September - and will hopefully be very positive and prove a number of their strategies are moving in the right direction. Until then clearly further positive deal announcements will be positive.
Good positive announcement today. I also contacted the Investor Relations regarding the share price move. They came back with the following which is as much as they are able to say, but positive.
"We acknowledge the recent change in our share price, which has been driven by retail investors selling, might seem disconcerting.
Regardless, the management team is focused on building a sustainable and profitable business, that creates value for our customers, employees and, investors.
As we have communicated since we listed last year, HeiQ is making good progress. This progress includes completing four acquisitions which have expanded our capabilities , growing our customer base, as well as entering new markets.
We are committed to communicating with investors as much as possible, including regular updates via the stock exchange on our progress. Our interim results will be released in September"