NUH - Nuheara Limited

[greggles]

Nuheara recently raised $6.0 million at 9.5c a share in a placement that the company said saw strong demand from existing institutional investors. The funds raised will be used to fund an increase in inventory levels of IQbuds BOOST™, an increase in related sales and marketing activities, the mass production and launch of LiveIQ™ and for general working capital.

Since announcing the successful placement on 8 June, NUH has come to life again and is rapidly closing in on its recent high of 14c, which it reached in mid-March. Nice strong moves in the last two trading sessions. It will be interesting to see if it can maintain that momentum and break through 14c.

 

[Trav.]

@greggles 14c would be great but NUH is struggling to maintain momentum. The next quarterly report will be interesting as the IQbuds BOOST seem to be getting great reviews and NUH won Best in Show at CE Week NY (technology show)

 

[greggles]

@greggles 14c would be great but NUH is struggling to maintain momentum. The next quarterly report will be interesting as the IQbuds BOOST seem to be getting great reviews and NUH won Best in Show at CE Week NY (technology show)

Yes, it seems as though NUH is encountering a lot of selling pressure when it makes some gains after good news. If you look at the chart I posted above, every time it has made some decent share price gains the price has retreated fairly quickly as sellers took control.

I think that only evidence of growing revenue and profit will be able to drive NUH higher without these pullbacks. The market doesn't yet appear to be convinced that they have a sustainable, growing business. As you suggest, perhaps the next quarterly report will help. Fingers crossed.

 

[Trav.]

Another update from NUH - https://newswire.iguana2.com/af5f4d...roduction_update_successful_completion_of_EVT

Highlights...

 

[Trav.]

August saw the share price drop to a low of 7.1c with nothing but good news from Nuheara. With LiveIQ due to be released soon I expect (hope) the share price will rise to previous highs (or at least 12c).

Also Farjoy increased shareholding to 7.9% which makes them the largest shareholder.

 

[Trav.]

Some good announcements this month saw NUH close .4 cps lower for the month.

It appears the market is still waiting on confirmation that the company is selling enough products to be cash flow positive?

Volume has also been extremely low.

I continue to hold and wait for the release of the LiveIQ buds and upcoming quarterly report

Announcements

05/09/2018 NUH Appoint ADCO Unlocking Larger US Hearing Health Channel $

HIGHLIGHTS

• Nuheara appoints new US based distributor, ADCO Medical Suppliers, for IQbuds™ BOOST.

• ADCO supplies and supports the US hearing healthcare community nationwide.

• ADCO holds significant US Federal Government contracts status under the General Services

Administration (GSA) schedule and direct certification with US Veterans Affairs.

• US Veterans Affairs is the largest single provider of hearing assistance devices in the US.​

06/09/2018 Nuheara receives $146K Export Market Development Grant $

HIGHLIGHTS

• Receipt of $73,440 EMDG for 2016FY Export Marketing activities

• Receipt of $72,159 EMDG for 2017FY Export Marketing activities

• Nuheara encourages strong Government policy which retains this incentive​

11/09/2018 NUH appoint ex Samsung VP to key role of Chief Sales Officer

HIGHLIGHTS

• Appointment of Mr Philip Newton to the newly created role of Chief Sales Officer.

• Previously Corporate Vice President for Samsung Electronics Australia.

• Extensive global business experience with Samsung, BenQ and Mitsubishi Electric.​

18/09/2018 NUH Strategic Expansion via European Optical Sales Outlets $

HIGHLIGHTS

• Nuheara commences 50 store trial of IQbuds BOOST™ with Italian optical chain, Vision Group.

• Vision Group has a total of 2,059 stores representing 20% of total Italian optical market.

• Current Nuheara optical partner Acuitis, launches IQbuds BOOST™ after successfully

introducing IQbuds™ in 66 stores from March 2018.

• Optical stores are strategic in Nuheara hearing healthcare initiatives and expansion.​

20/09/2018 Appendix 3B
20/09/2018 NUH to present at investor open briefings 2 - 9 October 2018
26/09/2018 Annual Report
26/09/2018 Appendix 4G and 2018 Corporate Governance Statement

 

[Trav.]

While I am waiting on the quarterly the share price is trending down - (Closed today 7.5c) there is some interest in the below comment found in the October Investor Update.

Live IQ having possible OEM opportunities (OEM - Original Equipment Manufacturer) seeing that it was expected to be released this quarter but now possibly delayed and this new comment added. Expectation was that the Live IQ would be available for xmas and maybe this is reflected in the SP.

What does it mean? Will they partner with the likes of Apple, Microsoft etc. Investors will be watching with great interest. Well this bloke is $$$

 

[barney]

Investors will be watching with great interest. Well this bloke is $$$

Hope it goes ok for you @trav ………… The chart looks a little scary but the fact that Tax Dept is happy to give them substantial amounts of R and D cash tax rebate has to be a positive sign …. The August lows of 6.9 cents look like they should be the lows, but who knows. They have around $8 million in the coffers so a bit of a buffer there in the medium term.

 

[Trav.]

NUH smashed today down 15% on the release of their quarterly activities report.

Not enough sales ($200k less than previous qtr) after running out of IQBuds BOOST stock which can be viewed as poor management or a better than expected product setting up the business for the future.

I thouhgt that things were oversold so bought a nice parcel at 6.2cps and waiting for the Live IQ announcement

 

[barney]

NUH smashed today down 15% on the release of their quarterly activities report.

Not enough sales ($200k less than previous qtr) after running out of IQBuds BOOST stock which can be viewed as poor management or a better than expected product setting up the business for the future.

I thouhgt that things were oversold so bought a nice parcel at 6.2cps and waiting for the Live IQ announcement

Ouch ……. no rules in the Spec end of the market …… The good thing is that most large gap ups or downs are often followed by reversals in the opposite direction …. hope it works out well Trav

 

[Trav.]

……. no rules in the Spec end of the market ……

You are not wrong there mate some strange thinking here. Hopefully you are right and it rebounds and I think a good product will always do well regardless of the odd set back.

 

[barney]

It appears the market is still waiting on confirmation that the company is selling enough products to be cash flow positive?

Just had a quick read of their September Quarterly to try and work out the main catalyst for the SP hammering and it seems you hit the nail on the head with your comment above Trav.

In a nut shell the drop in revenue was off the back of "no stock to sell" after the launch last May …. That was a faux pas by management!

The Quarterly indicates the Co is restructuring it's sales strategy with the higher level "Boost" product to be sold at "exclusive" retail outlets, while the general product is still available at normal retail level ……. That raises a few questions as well ….

It looks like the Co has strategies in place to fix the recent issues, but the market doesn't like uncertainty/inefficiency and are jumping ship.

The current Volume on the sell off is not really that high, but more sellers than buyers means only one direction in the short term unfortunately. Always painful when you are on the end of a gap down though.

The appointment of former Samsung Vice President Mr Philip Newton is one positive however. Hopefully he can turn things around during the next Quarter.

 

[Trav.]

NUH announced a new product to be release in January 2019. IQsream complements the IQbuds BOOST product which is aimed at the hearing impaired market (a much cheaper option to hearing aids with added functionality)

https://www.asx.com.au/asx/share-price-research/company/NUH

 

[Trav.]

A good week for NUH up ~13% (1.9cps), with additional distribution network added.

https://www.asx.com.au/asxpdf/20181122/pdf/440jh1rxchr5yz.pdf

 

[Trav.]

up ~13%

sorry about that...closer to 32% for the week

 

[Trav.]

Some more really positive news for NUH today. As you may have guessed I am pretty heavily invested in this one and in more than one occasion I have doubted my decision to go hard here. I think the product is a winner which is being proved with the latest set out announcements.

IQbuds BOOST™ has been selected by the United Kingdom’s (UK) National Health Service (NHS), through a formal Tender process, to provide hearing solutions to adults and children with mild to moderate hearing loss

https://www.asx.com.au/asxpdf/20181128/pdf/440q1gt3ychcmn.pdf

 

[barney]

Some more really positive news for NUH today. As you may have guessed I am pretty heavily invested in this one and in more than one occasion I have doubted my decision to go hard here. I think the product is a winner which is being proved with the latest set out announcements.

Collective sigh of relief for you here @Trav. ………. Still heading North today although a bit of profit taking at the highs …… Obviously their new strategies have been well implemented. Lets hops it continues

 

[Trav.]

yes @barney looking good. Still a couple of announcements expected with my main focus on the LiveIQ product which will hopefully continue the run up.

I think 52wk high is 13.5 so not to far off.

 

[barney]

yes @barney looking good. Still a couple of announcements expected with my main focus on the LiveIQ product which will hopefully continue the run up.

I think 52wk high is 13.5 so not to far off.

I certainly don't want to be the Devils Advocate on this for you Trav, and to be honest, in the medium term I think today's trading was ok ….. but there were both positives and negatives ….

Large ranging vertical bar closing near its lows is not ideal .. There were obviously a lot of Sellers cashing in their chips …

The good news is, hopefully the bulk of the distressed Sellers are now out of the Stock, and the Volume at around the mid-high 8 cents now becomes the Base for the Stock to progress from.

I know AMG had a similar spike a while back which I diagnosed as a possible pump and dump at the time. After analysis, that is when I started buying because it looked to have more substance.

I think NUH are likely in a similar boat …. Stale Bulls getting out at the moment is totally normal trading behaviour. The future of the Co based on todays announcement looks positive however …..

Who knows .. if we get a "normal" retracement period for the next couple of weeks, hindsight may well prove this the perfect time to start accumulating the Stock for the longer term …..

I'm not versed enough in the Stock to know if that's a good plan, but my gut says it should be watched closely …. Their technology seems to be well accepted so lets hope a 5 or 10 bagger of the future for you

 

[Trav.]

I agree it was a little disappointing to finish the day at 0.088 but considering the buildup we have had since the 19/11 (0.059) I think prefer the slow and steady approach. I did see elsewhere that the majority of volume was at the 10cps mark so that is one positive.

End of the day I am in the green so will hang in there for that multi bagger

Cheers