Letter to AIM Regulation – Haydale & its useless Nomad Arden led by infamous Paul Shackleton

Yesterday I showed that AIM-listed Haydale (HAYD) appeared to have been breaking AIM Rule 11 upon the disclosure that a new line in the States had seen commissioning delayed until November, despite the company appearing to have told the market that it had been in commercial production since last June in an RNS dated 15 October – when one now presumes that commissioning was known by the company to be delayed.

Haydale – Grim Trading Statement means SELL; has it contravened AIM Rules?

AIM-listed Haydale Graphene Industries (HAYD) offered up a pretty grim trading statement this morning showing that sales at its US unit were materially below those of H1 2019 during H1 2020. Oopsie. Meanwhile UK operations suffered from longer than anticipated lead times and sales fell short of directors’ expectations. Double oopsie. And the company has shuttered its Taiwan operation which will lead to a revenue shortfall in H2 of around £0.4 million. Triple oopsie – and now we are told that full year sales will come in below market expectations (whatever they are). What’s not to like?!

Haydale – Chief Financial Officer to slip out of the back door after just 11 months in the job

I still reckon AIM-listed graphene outfit Haydale (HAYD) needs to get a placing away pronto but today comes the bombshell that the CFO – who has only been in the job for 10 months – is stepping down. Do I detect a case of rats and sinking ships?

Haydale – YAWN! Another day, another RNS Reach…….when’s the placing?

Having suggested that AIM-listed graphene outfit Haydale (HAYD) was once again a slam-dunk sell, partly in view of there being no sign of its results, the company finally delivered them last Tuesday. But I had also pointed to the preponderance of RNS Reach announcements, one of which accompanied the FY results. And this morning there was another.

Haydale – once again a slam-dunk sell? Oh yes!

My most recent call to sell fashionable graphene promote Haydale (HAYD) was on its full-year trading update back in July, an update which told readers very little: I said sell at 1.775p and the shares are now just 1.125p. More ouzo for me!

Haydale – when a trading update doesn’t update anything: Still a SELL

I’ve been a bear of AIM-listed Haydale (HAYD) all the way down from 120p, and saying sell at 78p, to today’s miserable 1.775p but this morning’s trading statement gives me no reason to change my stance. I may have closed out in my five slam-dunk sells for this year but even then I warned that  I would still be inclined to sell and I certainly wouldn’t buy here. Well, we’ve had a trading statement this morning – more remarkable for what it does not say rather than what it does, and that is never a good sign.

Haydale – even at 2p open offer raises less than 50%, shares crash again. Sell.

Oh dear – things are going from bad to worse at AIM-listed Haydale. The bailout refinancing had to be repriced down to just 2p and the open offer raised less than half the amount wanted. And now the shares have fallen below the bailout price – which was set at 2p, the nominal (or par) value of the shares which make raising any more cash a tad difficult.

Haydale Graphene (#HAYD) – 44.6% open offer take-up, raising £1.8m

Five slam-dunk sells for 2019 – one down, four to go

They say that a week is a long time in politics (attributed to Harold Wilson), and so it seems with the equity markets. A week ago my portfolio of five shares to sell was actually up by 4.6%. Now, all of a sudden we are at minus 8.6%.

OUZO TIME! Haydale - you were warned and warned, rescue bailout placing at just 2p

I sincerely hope that no ShareProphets readers were left holding this particular baby we warned you often anough.

Haydale Graphene (#HAYD) – even worse than expected; fundraising at just 2p per share!

Haydale – ouzo on the way and Proactive should be ashamed; still a screaming sell

Well here we are: I’ve  been saying for months that AIM-listed Haydale (HAYD) had to raise cash in a material way, all the way down from 78p last June and now we have word of a placing at just 5p which Steve Moore published yesterday. Amazingly, even after the company more-or-less confirmed our story (or failed to deny) the shares still sit at 12.25p, having been as low as 9.75p. Some people simply won’t be told. But Proactive should be shame-faced.

Haydale Graphene (#HAYD) – responds following our breaking news yesterday; “market soundings… at a material discount to yesterday's closing price”

BREAKING: Haydale Graphene bailout placing at just 5p - SOURCE. Ouzo o'clock imminent for Nigel Somerville

We hear it's bailout placing ahoy for Haydale Graphene (HAYD) - at just 5p. Ouzo o'clock imminent for Nigel Somerville...

Haydale – Wheelsure suspended pending accounts: where does that leave the collaboration?

Back on 27 November 2018, AIM-listed Haydale (HAYD) announced (via RNS Reach, mind you) a collaboration with NEX-listed Wheelsure (WHLP) was being joined by Manchester University’s Graphene Engineering Innovation Centre (GEIC) in a project to develop an intelligent new product pairing Haydale's functionalised graphene sensor technology with Wheelsure's failsafe locking solution. Of course, Haydale needed cash then (as it does now). But then so did Wheelsure (see HERE). As such it all looked like a ramp.

Haydale – after yesterday’s selling news, yet another RNS Reach

I see that AIM-listed Haydale (HAYD) has released yet another RNS Reach to tell of an eighteen month supply agreement. The shares have jumped once again, by 12%, But, of course, it is an RNS Reach and thus should be viewed as a marketing, rather than anything significant such as mega-earnings.

Haydale – another insti bailing and more insider dealing

AIM-listed Haydale (HAYD) is still seeing its management selling shares and another institution seems to be bailing out. Of course, we know that Haydale needs a placing and it is only a matter of time before the £3.2 million black hole in the balance sheet as predicted by paid-for researcher Hardman (so I’ll bet it is more) has to be addressed.

Haydale – more insider selling tells you all you need to know

It was announced on Friday that the former CEO and now former board member of AIM-listed Haydale (HAYD) has been selling shares. Back in December it was his two colleagues at Haydale Ceramic Technologies dumping shares (over £110,000 worth). In September, former boss Ray Gibbs sold about 38,000 bits of confetti and now he’s sold a further 80,000 shares. That’s a fair bit of selling by insiders!

Haydale: PMDRs selling out, take note!

I have been calling AIM-listed Haydale lower from 78p last June, in the wake of a nasty profit warning. Since then we have had two more, and even the company’s paid-for ramper research company Hardman admits the company needs more cash but Haydale sat on its hands instead of biting the bullet until raising a pitiful £250,00 in a placing at 20p shortly before Christmas and kicked the can down the road with a further £750,000 loan (at 11% interest).

Haydale (#HAYD) - insiders dump £110k worth of shares