HaloSource DI

HALO: 2.00 0.00 (0.00%)

Delayed:2017-09-26 09:48:57
Bid Price 2.00 High Price 2.12
Ask Price 2.25 Low Price 2.12
Open Price 2.13 Spread 11.76%
Prev Close 2.13 Volume 102,309.00

HaloSource DI Share Price Chart

Intraday

Historic - 1 year


HaloSource DI Share Price Information

Name HaloSource DI Epic HALO
Sector ISIN US40638H1086
Activites Security Type Equity

Key numbers

Latest Share Price (p) 2.13 Net Gearing (%)
Market Cap (£m) 0.00 Gross Gearing (%)
Shares in issue (m) 0.00 Debt Ratio
P/E Ratio Debt-to-Equity Ratio
Divs per share (p) Assets / Equity Ratio
Dividend Yield (%) Price to book value
Dividend Cover SROCE (%)
Earning per share (p) EPS Growth (%)
52-week high / low (p) 0.00 / 0.00 DPS Growth (%)

HaloSource DI Broker Views

Date Broker Rec. Price Old target price New target price Notes
10 Jul Liberum Capital Hold 2.00 Retains
03 Jul Liberum Capital Hold 2.00 Retains
19 Jun Liberum Capital Hold 2.00 Retains
12 Sep Liberum Capital Hold 2.00 10.00 10.00 Retains
26 Jul Liberum Capital Hold 2.00 10.00 10.00 Retains

HaloSource DI Director Deals


HaloSource DI Company News

HaloSource net losses narrow

HaloSource's net losses narrowed to $3.2m in the six months to the end of June - 29% down on last time.

Revenue from continuing operations totalled $0.9 million (H1 2016: $1.4 million) and net cash used in operating activities was reduced by 58% to $2.1 million (H1 2016: $5.0 million).

HaloSource said operating expenses from continuing operations were reduced by 38% to $3.2 million (H1 2016: $5.2 million) and were expected to decrease further in H2.

Chief executive James Thompson said: "We are very pleased with the progress we have made with our newly executed all Drinking Water business strategy.

"We generated over 30% revenue growth over H2 2016, our first half year period since exiting our other water related businesses.

"We made significant announcements in the area of lead-removal (our manufacturing scale-up deal with Chematek, SpA), restructured our supply-chain (exiting manufacturing in India) and signed a brand new e-commerce distribution partner in China (JiuBan).

"HaloSource today is a very different business than just one year ago.

"We are no longer distracted by the non-core commercial activities of our former Environmental Water and Recreational Water businesses.

"This focus, along with the continued development of a new, proprietary heavy-metal removal offering, will fuel our growth and future profitability.

"With the expected addition of lead and arsenic reduction to our existing bacteria and virus disinfection technology we expect to cover a much larger segment of the global drinking water contamination landscape.

"This expanded technology offering not only provides us more to offer new and existing customers in Asia and Latin America, but also enables us to move into the largest markets for drinking water devices; the United States and Europe.

"On the product side, in addition to continuing to offer our technologies on an OEM basis, we also are now offering our own astreaTM branded line of hydration products (bottles and pitchers); one of the fastest growing segments in the global housewares market.

"As evidenced by our recently signed distribution deal with JiuBan in China, the market for hydration products is accelerating.

"We also believe we will expand our gross margins with these types of deals, reflecting products developed with world-class technologies combined with world-class regulatory approvals.

"Whether it be US EPA, China Ministry of Health, NSF or WQA, our technologies enable us and our partners to offer un-matched differentiation.

"While making progress on expanding our product offerings and technology functionality, we also have significantly reduced our operating costs and realigned our resources to focus exclusively on the growth of the Drinking Water business.

"Going forward we expect to see continued revenue growth, margin expansion (due to restructuring our supply chain and now offering higher margin hydration products) and importantly, continued tight control on costs.

"As a result of the strategic and operational decisions we have made over the past year, cashflow break-even is clearly within our sights."








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FLASH: HaloSource net losses narrow






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HaloSource pleased with progress

HaloSource expects total revenues from continuing operations for the six months to the end of June to be $0.9 million compared with $1.4 million a year ago and $0.7 million in H2 2016.

It said revenue during the period came primarily from established customers including Perfect, Lonsid, Midea, and Pentair.

As previously announced, in H1 2017 the company completed successful NSF testing of its lead-removal media, raised $2.2M of additional financing (from new and existing investors) and signed a 5-year e-commerce distribution agreement with JiuBan in China. The company said it continued to make significant reductions in its operating expenses and expected them to be reduced in H1 2017 by more than 30% as compared to H1 2016.

It added: "Given the company's focus on reaching cashflow breakeven, management expects to continue to reduce operating expenses in H2 2017.

Chief executive James Thompson said: "We are very pleased with the progress we have made with our newly executed all-drinking water business strategy.

"We grew revenues almost 30% over 2H 2016, reflecting the continued interest by our customers in our technologies, and we expect to see continued growth going-forward.

"Additionally, we made significant announcements in the area of lead-removal and a brand new e-commerce distribution partner in China.

"New products and new distribution will drive continued top-line growth in a market that continues to grow at double digit rates.

"Customer concentration is always an issue with emerging technology companies and historically we have experienced revenue shortfalls as a result.

"With new distribution agreements like Jiuban, where their exclusivity in the e-commerce channel is maintained with the purchase of $10 million worth of products over the initial 3-year period of the agreement, we believe we can start to diversify our customer concentration risk.

"This deal is the first of its kind for the Company; directly selling a branded line of bottles and pitchers marketed under HaloSource's new astreaTM brand (www.astreawater.com) via an established e-commerce partner.

"We expect to do more of these types of distribution agreements going forward, where we extract more value from our portfolio of best-in-class technologies."




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FLASH: HaloSource pleased with progress






Story provided by StockMarketWire.com

FTSE down ahead of Queen's Speech as GBP, oil falter

The FTSE began lower with sterling falling notably against the dollar and euro as the market awaits the Queen's Speech later this morning.

The speech was expected to be brimming with Brexit material. The UK and EU began formal divorce talks on Monday. PM Theresa May had yet to form a government.

Not long after the open, the FTSE 100 was down 20.91 points, or 0.28%, to 7451.8, while the FTSE 250 was down 48.3, or 0.24%, to 19,723.4.

Gold and silver prices were advancing, but copper was lower. Crude was once again on the retreat, with WTI and Brent down by roughly 1% each.

Provident Financial (PFG) was down a hefty 14.45% to 2451p after issuing a profit warning after the close last night.

Its fall was head and shoulders beyond that for Hargreaves Lansdown (HL.), off 1.58% to 1340.5p, and Smiths Group (SMIN), lower 1.24% to 1598p.

Insurers traced Prudential (PRU), off 0.87% to 1799.25p, while banks followed Lloyds (LLOY), off 0.79% to 66.48p.

Oil majors were down with the price of crude. BP (BP.) shed 0.74% to 456.85p, while Shell (RDSA) fell 0.73% to 2075.25p. Miners were sprinkled throughout the losers list.

To the upside, Whitbread (WTB), up 5.01% to 4046p, reported a 2.9% rise in like-for-like sales in the 13 weeks to 1 June. This performance was in line with its expectations.

Shire (SHP), up 1.24% to 4424.5p, said the US FDA has approved Mydayis, a treatment for patients 13 years and older with Attention Deficit Hyperactivity Disorder.

LONDON HIGHLIGHTS

HaloSource (HALO), up 150% to 2.63p, has reached an agreement with Shanghai JiuBan Industrial Co to distribute a new line-up of filtering water pitchers and bottles, marketed under HaloSource's new astrea brand, via the e-commerce channel in China.

Starcom (STAR), down 18.75% to 1.63p, has conditionally raised £645,000 before expenses via a placing of 43m new shares at 1.5p each, together with the issue of warrants over new shares on the basis of one warrant for every 5 placing shares.

Braveheart Investment (BRH), up 13.33% to 17p, swung into the black in the year to the end of March with a pretax profit of £780,000, against a loss of £1.7m last time. Investment management revenue rose to £1,154,000 from £1,133,000 last time.

Ferrum Crescent (FCR), up 11.43% to 0.1p, said its current drill programme at Toral was progressing on schedule. Highlands Natural Resources (HNR), up 4.81% to 27.25p, has been granted a patent in the US for its 'parent well protection process'.

Gulfsands Petroleum (GPX) fell 8.92% to 3.88p after providing an update on its Moulay Bouchta Petroleum Agreement, which was held by subsidiary, Gulfsands Petroleum Morocco Ltd (GPML).

Bluebird (BMV), up 6.67% to 2p, said the formal procedure granting land access to the Gubong mine in South Korea has been granted - three weeks earlier than projected. The company said the permit allowed for ingress to the Gubong mine.

Walker Greenbank (WGB), down 2.74% to 195p, said that at this early stage it anticipates meeting directors' expectations for the full year. Empyrean Energy (EME), down 3.45% to 7p, has raised £660,000 gross via a placing of 12m ordinary shares at a discounted 5.5p each. Proceeds would be used for general working capital.

Other stocks in the news included Berkeley Group (BKG), WH Ireland Group (WHI), Hornby (HRN), Immunodiagnostic Systems (IDH), easyHotel (EZH), Touchstone Innovations (IVO), Wynnstay (WYN), LXi REIT (LXI), RedstoneConnect (REDS), Mercia Technologies (MERC), Echo Energy (ECHO), Assura (AGR), Polemos (PLMO), Trans-Siberian Gold (TSG) and Atlas Mara (ATMA).




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