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HeiQ

June 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HEIQ
  • Price:
  • 175p
As I said in my main write up, HeiQ now supplies coatings, coated materials and finished goods. A large proportion of the products have been acquired in the past two years and although it is fair to say that many of these legacy products were not hugely innovative  (eg. for the carpet sector it has chemicals used in the production of carpets) HeiQ is using these as a platform to spearhead its move into high margin innovative areas (eg. products for odour control in carpets).All this is only just starting to become apparent as results for FY20 show, with sales up 80% to US$50.4m. Profit before tax was up from US$1m to US$7m, for eps of 4.4 cents.  More in the mix from innovative products lifted gross margin to 5 ...

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Related Articles

HeiQ - Buys probiotic and prebiotic platform technologies (April 2021)
HeiQ - Making some interesting 'bets' in the medical textile space (March 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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