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Haydale advances as graphene sector finds its feet

Snapshot

  • A specialist in the use of graphene and other composites
  • Graphene is one atom thick and has fantastic properties
  • Focused on resins, polymers and composites and other advanced coating materials such as silicon whiskers
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Quick facts: Haydale Graphene Inds PLC

Price: 1.15 GBX

LSE:HAYD
Market: LSE
Market Cap: £3.91 m
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How it's doing

In February, Haydale reported significant progress in its collaborations with international partners, though short-term revenues remain elusive.

Group revenue for the six months ended 31 December amounted to £1.35mln, down 17%, though it also reduced costs and reported that its adjusted operation loss narrowed by 22% to £2.1mln.

The company ended December with £2.7mln of cash.

 

What the boss says: Keith Broadbent

“We are making significant progress, in collaboration with a number of international partners, towards converting state of art science into everyday applications that will positively impact our customers' businesses. 

“Our proprietary technology and our exceptional ability to functionalise nanomaterials continues to give us confidence in the longer-term prospects of the group.”

 

Inflexion points

  • Haydale's graphene nano-platelets have been incorporated into a cosmetic face mask recently launched by South Korean firm iCraft
  • The company has won a deal with the English Institute for Sport (EIS) to produce high-performance kit coated with graphene
  • More commercial orders
  • US blanks business now up to commercial levels of production

 

What the broker says - Hardman & Co

In a note on 9 March, analysts at Hardman & Co said the "long-term risk/reward balance [for the compnay] remains favourable" and that Haydal was "well positioned competitively, with a proprietary nanomaterial functionalisation plasma process".

"Commercial traction has now recovered, and the group has been financially de-risked", they added.

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Watch

Haydale Graphene's Ray Gibbs at the opening of the Graphene Engineering...

Ray Gibbs, president of business development at Haydale Graphene Industries PLC (LON:HAYD), spoke to Proactive London's Andrew Scott while at the Graphene Engineering Innovation Centre in Manchester for its official opening. Haydale was one of the first companies to sign up with the GEIC...

on 11/12/18

2 min read