We upgrade our recommendation from Neutral to Buy. Having raised £5.8m of capital the Group now has, in our view, sufficient funding to achieve cash breakeven. We are confident that Management can continue to make developments within Inks as it has done in the previous six months, whilst further enhancing the cash generation from the SiC business in the US. We believe this topline expansion will be done with a tighter handling of the cost base to ensure that the Group moves in line with
15 Mar 2019
£5.8m fundraise; new management team HAYD.L 1.85p
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£5.8m fundraise; new management team HAYD.L 1.85p
Haydale Graphene Industries Plc (HAYD:LON) | 0.4 0 1.1% | Mkt Cap: 7.91m
- Published:
15 Mar 2019 -
Author:
Michael White -
Pages:
10
We upgrade our recommendation from Neutral to Buy. Having raised £5.8m of capital the Group now has, in our view, sufficient funding to achieve cash breakeven. We are confident that Management can continue to make developments within Inks as it has done in the previous six months, whilst further enhancing the cash generation from the SiC business in the US. We believe this topline expansion will be done with a tighter handling of the cost base to ensure that the Group moves in line with