HeiQ – ‘preparing for a capital raise in the coming weeks open to all shareholders’. Er, I wonder why!…

Stating that it “remains committed to ensuring that all shareholders are afforded an opportunity to participate in the company's future” and “in alignment with… strategic restructuring and ongoing efforts to reposition the company for long-term growth”, HeiQ (HEIQ) has announced it “is currently preparing for a capital raise in the coming weeks via an open offer to all current shareholders”. However, also on the shares, “it is anticipated that the delisting will become effective at 08:00 a.m. (GMT) on 19 November, 2024”!

#HEIQ – “Update on Delisting and Potential Capital Raise”, delisting scheduled for 19th November

HeiQ – “Restructuring and Delisting”, yet ANOTHER Covid-era IPO Roll-Call of Shame…

Most recently writing on HeiQ plc (HEIQ), last month with the shares falling towards 5p, whilst it described itself as “a leading company in materials innovation and hygiene technologies”, I wrote ‘hopefully my prior warnings were heeded as “Trading Update” suggests it’s financially-distressed “reviewing strategic options”’. Now a “Restructuring and Delisting”-titled announcement.

#HEIQ – trading “continues to face significant challenges”, to delist

HeiQ – hopefully my prior warnings were heeded as “Trading Update” suggests it’s financially-distressed “reviewing strategic options”

Describing itself as “a leading company in materials innovation and hygiene technologies”, HeiQ plc (HEIQ) has issued a “Trading Update” and its shares have currently slumped towards 5p. With I most recently having concluded to avoid/sell with the shares falling to 15p less than a year ago having previously cautioned at above 30p, what’s the situation here now?

#HEIQ – notes “oversubscribed” retail offer, but raising just £0.075m at 8.7p per share

#HEIQ – £0.685m placing at 8.7p per share and a “retail offer”

HeiQ – results after prior period accounting “errors”, shares resume trading but are its financial resources really “adequate”?…

A “Filing of Annual Report & Restoration of Trading” announcement from business describing itself as “a leading company in materials innovation and hygiene technologies”, HeiQ plc (HEIQ)…and the shares currently down to 15p. That compares to an above 30p share price when I previously wrote on the company early this year – then noting at even then still slumped to share price levels, with the financials and outlook my stance remained avoid/sell. So what’s the situation now?

#HEIQ – audit work means “necessary to defer revenues (and corresponding profits)”, results “will be published this week”

HeiQ – CEO shares purchase, a more than 12% higher share price response?

Describing itself as “a leading company in materials innovation and hygiene technologies”, HeiQ plc (HEIQ) has announced that CEO Carlo Centonze has purchased 300,000 shares at an average price of 28p each, so what of the share price currently responding more than 12% higher today to above 30p?

HeiQ – “continued to execute on its long-term growth strategy”, did that include a multi-year trading warning then?!

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.

#HEIQ – an acquisition agreement, but 2022 and 2023 trading warning

#HEIQ – $2.5m shares and cash acquisition of US subsidiary land and property

HeiQ – US court complaint, how significant an amount of receivables have been collected?

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.

#HEIQ – files US court complaint against ICP for breaching exclusive agreement terms

HeiQ – interims, “resilient trading”. Really?

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 – hygiene technologies progress update, how positive is it?...

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?...

HeiQ – full-year trading update, still a sell?

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?...