UK 22:33 Thursday, 29 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Following my review in November of clean water technology company HaloSource Inc. (HAL) HERE, it updated the following month that it has resumed full production at its drinking water facility in China but that, as a result of the shutdown, “we expect total consolidated revenues for the year ending 31 December 2015 to be materially lower than current market expectations and in the range of $18 million to $19 million”. However, with “the majority, if not all” of delayed orders expected to be shipped in Q1 2016 and as “market demand for our class leading HaloPure Drinking Water technology continues to increase… we expect a strong 2016”. Hmmm…
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Comments
HairLoss
I should have sold! :(
In November the company stated “In particular, the benefits of various operational developments are starting to take effect. These include new product launches by partners such as Panasonic Corporation in India; the emergence in 2015 of another national partner in China …….. improvement in operational performance being realised by the movement to an indirect sales model in its Recreational Water business during 2015; and optimisation of our Environmental Water production and sales coverage implemented in H2 2015.
That sounded positive enough to believe the company would see an increase in revenues. Instead they burned through a staggering $9.2m in a year!
Why do so many AIM listed companies appear to live in fantasy land! I am out now at 3.9p having bought in at around 7p.