HaloSource DI

HALO: 1.25 -0.25 (▼15.38%)

Delayed:2017-07-28 13:26:42
Bid Price 1.25 High Price 1.50
Ask Price 1.50 Low Price 1.15
Open Price 1.63 Spread 18.18%
Prev Close 1.63 Volume 417,261.00

HaloSource DI Share Price Chart


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) 1.38 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 1.25 Retains
03 Jul Liberum Capital Hold 1.25 Retains
19 Jun Liberum Capital Hold 1.25 Retains
12 Sep Liberum Capital Hold 1.25 10.00 10.00 Retains
26 Jul Liberum Capital Hold 1.25 10.00 10.00 Retains

HaloSource DI Director Deals

HaloSource DI Company News

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."

Story provided by StockMarketWire.com

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.


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).

Story provided by StockMarketWire.com

HaloSource in Chinese e-commerce partnership

HaloSource 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 (www.astreawater.com), via the e-commerce channel in China.

HaloSource said the five-year exclusive deal for the e-commerce channel in China called for JiuBan to purchase 360,000 pitchers and over 1 million replacement cartridges representing over $10m of revenue to HaloSource in the first three years .

It said years 4 and 5 exclusivity minimums were to be negotiated.

HaloSource said: "The astrea line-up of bottles and pitchers will offer both disinfection and heavy metal removal benefits, one-of-a kind features in the Chinese market for portable and on-the-go drinking water devices."

Story provided by StockMarketWire.com

FLASH: HaloSource agrees Chinese e-commerce partnership

Story provided by StockMarketWire.com