Annual Report to Shareholders
In the last four years the Company has focused on building its shareholder base and driving up market liquidity for its shares. During this time shareholder numbers have increased six-fold from 600 to around 3,500 and daily share trading liquidity has risen from an average of around $3,000 per day to an average of $140,000 per day. These increases are testament to the quality of its HPA project and awareness created amongst investors from conference presentations and road shows. During the last four years the price of Altech shares has risen from a base of ~6 cents and market capitalisation has grown from ~$8 million to $87 million.
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About Altech Chemicals Ltd
HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. There is no substitute for HPA in the manufacture of synthetic sapphire.
Global HPA demand is approximately 25,315tpa (2016) and demand is growing at a compound annual growth rate (CAGR) of 16.7% (2016-2024), primarily driven by the growth in worldwide adoption of LEDs. As an energy efficient, longer lasting and lower operating cost form of lighting, LED lighting is replacing the traditional incandescent bulbs.
Altech Chemicals Ltd