HIPO’s Collaboration With Dendrobium Automotive Led To The Share Price Zoom Up By 12.5%

December 13, 2018 08:07 PM AEDT | By Team Kalkine Media
 HIPO’s Collaboration With Dendrobium Automotive Led To The Share Price Zoom Up By 12.5%

Hipo Resources Limited (ASX:HIP) which is into the acquisition, identification, exploration, and development of minerals have made further progress at Next-Battery which is company dealing in lithium-ion battery technology where HIPO has 35% earn-in interest along with 25% shareholding at this company.

The UK affiliate company of Next-Battery, NextMetals (UK) Ltd has made its recent collaboration with Dendrobium Automotive which is taking up the prestigious Faraday Battery Challenge to produce recyclable batteries which has the following features- low cost, high performance, durable and have a low weight.

The main aim of the Faraday Battery Challenge is to reduce the existing cost of the Lithium-ion batteries followed by increasing the energy density for which scientific and development work is in process. Another important point which forms a part of this challenge is to improve the production of battery packaging and the structure of the cell and finally combining these batteries to the vehicle using the expertise of Dendrobium Automotive.

Once this challenge gets completed, it will invite massive revenue to the company. Further discussion regarding the establishment of the manufacturing facilities is in progress with the UK government.

The company is an average performer. Till the last five years, the performance of the company is negative. After that, there was positive performance seen frequently. The year to date performance of the company reports 55.42%.

The balance sheet of the company appears a little healthy. Its debt-equity ratio is 0.302. Another reason is that the company holds a net asset of $1,444,961 which implies that the company is in a position where it can meet its long-term obligations. The company owns a total current asset of $1,881,909 and a total current liabilities of $436,948 which is proof that the company can efficiently manage its working capital as well as its short-term obligations. At the same time, there is a minor increase in the accumulated losses which might create a negative impact on shareholders of the company. The total shareholder’s equity of the company is $1,444,961.

Through the operating activities of the company, there was a net cash outflow of $883,203. Here, the main source of cash outflow was in the form of payment made to the employees and the suppliers. The other sources of cash outflow are payment of the royalties and the interest.

Through the investing activities of the company, there was a net cash outflow of $978,420. Here, the main source of cash outflow was in the form exploration and evaluation expenditure and payment for plant and equipment, payment of refundable deposit and disposal of the subsidiary.

Through the financing activities of the company, there was a net cash inflow was $3,533,401. Here, the main source of cash inflow was through the issue of shares and advance payment received for the issue of shares. The company also generated proceeds from borrowing.

By the end of FY2018, the net cash and cash equivalent available with the company was $1,729,055. By the end of the trading on 13 December 2018, the market price of the share was A$0.018 with the stock holding a market capitalization of A$6.18 million.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.