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Haydale signs deal “worth” $4m, you sure me old China?

By Tom Winnifrith | Tuesday 9 July 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


The RNS says the deal with a Chinese customer is worth $4million but is it? Read beneath the headline and that is the sales value over five years. My guess is that the deliveries will be weighted towards the end of that period but even if they flow evenly over the period that is just $800,000 a year in revenues and a gross profit of just $480,000 a year, call it £400,000.
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