Haydale – Interim Results Show Placing On The Way: SELL
AIM-listed graphene play Haydale (HAYD) announced its interim results to December 2021 this morning and despite the advertised £3.84 million of cash, yet another placing is surely inevitable. Revenues fell from £1.28 million to £1.19 million, pre-tax losses increased from £1.93 million to £2.46 million year on year – what’s not to like? But the real problem is the balance sheet.
- By Nigel Somerville, the Deputy Sheriff of AIM
- 2022-02-23 10:12:06