Previously writing on “materials and textile innovation” company HeiQ plc (HEIQ), in October with the shares at 72p I noted receivables and cash generation concerns and concluded to certainly avoid. The shares are currently slumping to well below 30p on the back of a “Trading Update and Acquisition” announcement.
Writing on “materials and textile innovation” company HeiQ plc (HEIQ) last month, I noted that though it argued “significant amounts of receivables have been collected after balance sheet date… we expect several projects to start adding sales in the remaining months”, a still not far off £95 million market cap still very much looked a lot. Now a “Files Breach of Exclusive Agreement Complaint”-titled announcement from the company.
Previously writing on “materials and textile innovation” company HeiQ plc (HEIQ), in June with the shares at 96p I noted I previously wrote on HeiQ in April, including noting its emphasised growth but that there was no mention of cash after the half-year balance sheet showed it down to below $20 million after a net working capital outflow and acquisition consideration. So what now of “pleased to announce” results for the first half of 2022?
HeiQ plc (HEIQ) is pleased to provide an update on developments made within its Hygiene technology business, with CEO Carlo Centonze arguing its product range “is the strongest and most sustainable in the specialty hygiene ingredients industry”. So what of a current 96p share price?...
Materials and textiles technologies company HeiQ plc (HEIQ) has issued a trading update noting “particularly strong sales growth in the fourth quarter of the financial year” and that it “continues to see strong demand for its products and anticipates revenue growth of approximately 20% for its 2022 financial year. Whilst there remains significant uncertainty in markets globally, the board is confident that HeiQ's margins will improve during FY22”. So what of a current share price response up just over 5% to 80p?...
