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NEWSFLOW ARTICLE

Neil Woodford disaster Halosource – the game is almost over & it's a wipeout

2019-02-07 01:58:19

Halosource (HAL) was the company Neil Woodford backed heavily to disrupt the world of drinking water. Whatever…

NEWSFLOW ARTICLE

HaloSource – shares suspended, a Woodford dog at last looks set to be put down

2018-12-21 01:15:58

Previously writing on HaloSource (HAL) I noted Neil Woodford dog’s balance sheet requirements in; surprise, surprise it ain’t looking good!. Now an announcement; “Suspension of trading”. Uh oh…

ARTICLE

…and Monday’s Woodford disaster story…..Halosource

2018-12-04 01:21:24

According to Cynical Bear, Neil Woodford’s Woodford Investment Management once held 24.9% of Halosource (HAL), when the shares were around 3.63p - and Invesco Perpetual (Woodford’s former stamping ground) held a further c.19%. Of course, failure after failure and emergency bailout placing after emergency bailout placing will have taken their toll. But even back in August Woodford held 27.3% (having bailed it out yet again). Now the company has warned that it is having a spot of bother raising cash – and that no cash by the end of December will mean a trip to the corporate undertakers. So Neil isn’t up for bailing it out this time?

ARTICLE NEWSFLOW NEWSFLOW NEWSFLOW ARTICLE

HaloSource – trading update, still desperate times?

2017-01-10 01:17:08

Having from November 2015 onwards been warning on the shares of water technology company HaloSource (HALO), I note an update on trading and its strategic review...

NEWSFLOW ARTICLE

HaloSource – “Trading Update” = Loss & Cash Warning, desperate strategic review ahoy…

2016-11-03 03:50:53

Having consistently over the last year warned on shares in HaloSource (HALO) – most recently HERE – I note they currently more than halved today, heading towards 1p, on the back of “an update on trading ahead of the year ending 31 December 2016”

ARTICLE

HaloSource – half-year results claim ‘optimism for the future’, but is there?

2016-09-13 00:11:35

HaloSource, Inc. (HALO) has announced results for the first half of 2016 emphasising that a “new technology platform, coupled with our focus on penetrating the fast-growing Reverse Osmosis markets in China and India continues to reinforce the optimism we feel for the future performance of the business”. In response, the shares are approaching 14% lower, at 3.125p. Hmmm…

ARTICLE

HaloSource - another (lack of) revenue warning, seemingly remains on path to cash crunch ahoy!

2016-07-26 03:40:48

In May I questioned whether the HaloSource, Inc. (HAL) sale of its Recreational Water business was all as it initially seems – and the company now updates that “total revenue from continuing operations for the period ended 30 June 2016 was $1.4 million (H1 2015: $2.7 million)” and “a cash balance of $4.1 million”. Hmmm…

NEWSFLOW ARTICLE

HaloSource, Inc. – agreement for sale of Recreational Water business, is all as it initially seems?

2016-05-09 04:06:24

HaloSource, Inc. (HAL) has announced “a conditional asset sale agreement to sell its Recreational Water business… for an initial cash consideration of up to $7.5 million and further deferred cash consideration of up to $0.5 million”. The announcement though later states “an initial cash payment of $4.0 million”. Hmmm, what’s going on?

ARTICLE

HaloSource, Inc – disposal announcement is also another (lack of) revenue warning

2016-02-24 00:57:54

Having last month announced that an undertaken restructuring of its Environmental Water division “is expected to continue to improve gross margins and reduce expenses in the business going forward”, HaloSource, Inc. (HAL) has now announced an agreement to sell this business. This has been announced together with an ‘update on trading’ (AKA a revenue warning), hmmm…

ARTICLE

Is Neil Woodford's Halo slipping?

2016-01-27 01:50:22

Following on from Steve Moore's piece on Halosource (HAL) yesterday, I wanted to highlight a couple of further points, in particular commenting on the predicament in which it leaves the investment guru, Neil Woodford.

ARTICLE

HaloSource: As I predicted - further trading disappointment, placing ahoy!

2016-01-26 04:55:12

Following my review in November of clean water technology company HaloSource Inc. (HAL) HERE, it updated the following month that it has resumed full production at its drinking water facility in China but that, as a result of the shutdown, “we expect total consolidated revenues for the year ending 31 December 2015 to be materially lower than current market expectations and in the range of $18 million to $19 million”. However, with “the majority, if not all” of delayed orders expected to be shipped in Q1 2016 and as “market demand for our class leading HaloPure Drinking Water technology continues to increase… we expect a strong 2016”. Hmmm…

NEWSFLOW NEWSFLOW ARTICLE

HaloSource Inc – “Trading Update” + shares down more than 20% =?

2015-11-20 05:10:35

Headquartered in the US with operations in China and in India but listed on AIM (Hmmm), shares in clean water technology company HaloSource Inc. (HAL) currently trade more than 20% lower today. This is on the back of a “Trading Update” – which includes that “total consolidated revenues for the year ending 31 December 2015 will be materially lower than market expectations and, consequently, the net loss for the full year will be higher than market expectations”

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