AIM-listed ramptastic graphene company Haydale (HAYD) announced a collaboration with Petronas this morning – well done, Haydale. But what is it worth and how’s the balance sheet looking?
AIM-listed Haydale (HAYD) – another graphene outfit on AIM besides the disaster that is Versarien (VRS) – announced interims to December 31 this morning. The company boasted adjusted operating losses of £1.89 million, to which my reaction is one of Warren Buffett: who do they think they are deluding – their investors, or themselves? The market was not fooled, marking the stock down marginally.
AIM-listed Haydale (HAYD), fresh from its bailout keep-the-lights-on placing and open offer at 2p in which it raised £5.5 million (gross) last month, has announced its full year results, to June 30, this morning. The numbers are truly grim.
AIM-listed graphene outfit Haydale (HAYD) triumphantly announced the completion of its latest bailout keep-the-lights-on fundraising this morning. With £5 million in the bag – and an open offer to existing shareholders to raise a bit more at 2p – the company was pleased to announce that this latest fundraise, worth around half of the current market capitalisation, would be used predominantly to fund the general working capital needs of the business. Tosh! It will be used to fund the seemingly unending ongoing losses! What is it about AIM-listed graphene businesses?
By my back-of-an-envelope, AIM-listed Haydale (HAYD) is once again almost all out of cash – I reckoned HERE that the coffers could be bare before the end of September. Having burned through £430,000 in June alone, the company had £1.19 million at the close of June. So what will the company do?
When AIM-listed Haydale (HAYD) released a trading update AHEAD of its full year at the end of June, seemingly indicating that all was well, I wondered if that was really the case. Well, this morning we know the answer to that, after a full-year trading update. All most certainly is not well – and the shares are already down by 5.5%.
AIM-listed Haydale (HAYD) has offered up a trading update ahead of its full year to June 2022. Apparently all is well, with revenues ahead of expectations but is that really the case?
AIM-listed Haydale (HAYD) issued an RNS Reach this morning to announce that it is celebrating a double award win, with the Group picking up an award at the prestigious 2022 British Engineering Excellence Awards ('BEEAs') and named as a winner of the Kidney Research UK MedTech Competition respectively. But…..
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.
Last week saw yet another RNS Reach announcement from AIM-listed Graphene play Haydale (HAYD). Reach announcements are used for non-regulatory news, ie non-financially significant announcements and advertising, so a deluge of them is a Red Flag for me, indicating it is bucket-shop placing ahoy.
On Monday AIM listed Haydale (HAYD) announced the appointment of new Nomad/Broker FinnCap. Yesterday there was a first RNS Reach spoof and today there is another. With cash surely inadequate to get through the auditor’s Going Concern test later this year, I ask again: when’s the placing.
AIM-listed graphene play Haydale (HAYD) is up to its old tricks again with the release of an RNS Reach telling us that iCraft is using Haydale’s graphene product in a graphene-coated fabric. Yesterday we were told of the appointment of a new Nomad/Broker, today we get an RNS Reach. When’s the placing fellas?
AIM-listed Graphene play Haydale (HAYD) has appointed FinnCap as Nomad and Broker. So is it fundraising ahoy?
AIM-listed graphene products company Haydale (HAYD) has released its full year results to June 30 2021. Amongst the highlights we are told of a “robust trading performance” and the “Summary of Results” shows that cash outflow from operations was down by 52% whilst cash at year end was up by 100% at £1.64 million. So all is well, right? Think again…..
In my last piece on AIM-listed Haydale (HAYD) at the beginning of this month I discussed a ramparoonie RNS revealing an undeclared related party and a tin-pot organisation casting a very different light on matters as presented by the company. What was the point? Of course – it was a pre-placing ramp and this morning it was time for Ouzo on cornflakes as Haydale revealed a fundraise at just 6p per share. That, against a peak last week of 7.55p.
