#PIP – Pipehawk PLC – Top10 2021

Tiny microcap so very hard to buy – £2.5m – full disclosure I own around 1.5% of the firm now.

website : https://www.pipehawk.com/ja2019/index.php


A boutique of firms, highlights are
QM Systems – £1.7m contract in place for this financial year and well regarded within manufacturing sector for niche machines.
Adien – involved in 5g rollout with site surveys and inspection services alongside regular work. Featured in a small way in the following write up

https://hybridan.com/wp-content/uploads/2020/05/5g-sector-piece_29052020.pdf


Thomson Engineering – involved in rail sector with attachments for machines and a range of products. They’ve not mentioned HS2 but obviously a lot of interest in the sector as that proceeds from a build perspective

Downsides – Chairman is propping up the company with a big loan but is very supportive and speaks his mind on Brexit and other issues. This is a genuine downside and not pushing it aside.
Other even smaller companies in the group might be a drag on performance, little reported about them. Website needs a refresh and social media is non existent making it truly under the radar.

Reason I invested
UK Manufacturing needs to find its feet again and invest in more productive systems to enhance competitiveness. QM Systems can be a part of this. Not a 5 min trade, will take some time to bear fruit but if they continue the contract wins and improve communications I could see a price around 12p being sustained.
Brexit deal can only help them now as manufacturing should be able to continue as before.

Chairman speaks his mind – I like straight talking and you can’t beat this :

As of start of Jan 2021, 7-8p

Please note – these are my independent thoughts on #PIP as a shareholder and not to be taken as investment advice.

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