Heliospectra: Giant leap in order intake (Västra Hamnen)

Västra Hamnen Corporate Finance has released a research update on Heliospectra AB. The company has received two breakthrough orders in the fourth quarter and recently finished a rights issue. We increase our fair value interval to SEK 6.70 - 10.50 per share, writes Västra Hamnen.

•    Two breakthrough orders exceeding SEK 80 million in the fourth quarter
•    Completed rights issue providing SEK 51.5 million before issue costs
•    We raise our fair value interval to SEK 6.70 – 10.50 per share

There is a lot going on in Heliospectra at the moment. The company is in an exciting position with two breakthrough orders in the fourth quarter, with a total value exceeding SEK 80 million. However, due to slower sales than expected in the second and third quarter, Heliospectra assessed that the working capital was not sufficient for the coming twelve-month period, and in order to finance the operations a right issue was recently complet-ed. The results from the rights issue was announced yesterday and showed a subscription of approximately 87 percent, leaving approximately 13 per-cent of the rights issue being allocated to the guarantors. We believe that this new capital will be sufficient for financing operations until the compa-ny becomes cash flow positive.

The full report is available here.

The research report is prepared as part of Market Focus, Västra Hamnen Corporate Fincance's commissioned research offering.

This is a press release from Västra Hamnen Corporate Finance AB. 
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