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Hardide Share Discussion Threads
Showing 2501 to 2524 of 2525 messages
|Yes it will. I can hardly wait.I have written down 12 Dec in my diary -it's the day that good news will be heading our way. All your Christmas spending concerns will be taken care of by the capital gains heading your way. Rejoice.|
|The increased oil price should benefit HDD as their major customer works in the oil sector. It'll be interesting to see what their chairman has to say on that subject in his annual results statement.|
|I have followed and been invested in HDD for more than 10 years. This has been a frustrating share to hold but I have also held shares in another British engineering company for the same amount of time. They are both in the high end "safety critical" part of the market and both have new superior technology.
My expectations and the feedback from company announcements led me to believe it would all be happening in the last decade for both of them but the customers are not in as much of a hurry as companies and shareholders.
Still confident in both to pull through.|
|Buyers nibbling today ahead of the annual results scheduled for 12th December.|
|Another way of looking at Hardide is revenue from 2 furnaces peaked at £3m per year. With 5 furnaces, revenue capacity will be £7.5m per year with no additional capex, just working capital to be financed. Hardide has £2.6m of cash with no capex required to get to EBITDA positive. Aerospace contracts will be very long term so Hardide should trade at a higher p/e to reflect quality of long term earnings.
I have convinced myself to invest more!|
|40% of the register now in the hands of high net worth individuals and 28% in venture capital trusts. This is quite a transformation since first listing. Such investors are only interested in primary money and will have done their own research and dd on Hardide rather than "passive stock pickers".
Institutional "stock picking" money investing in the secondary market is what is required but they will only consider an investment when the market cap and share liquidity reach appropriate thresholds plus the company generating positive cashflow so risk of dilution is lower.
Commercialising the technology has been disappointing slow. However cumulative sales are £17.5m since 2008 so technology is "proven". Hardide coatings provides a much better performance coating than HVOF which is the main competition. Hardide coatings solves problems other coatings cannot address and customers are willing to pay a premium for this.
To date revenues have been leveraged to big oil and gas drilling customers and diversification across other customers is happening helped by a US manufacturing presence. Airbus will be a game changer if it happens. Hardide reference A320s parts in coating tests. A320 is Airbus's biggest seller increasing to 700 planes per year in 2019. By way of illustration 50 parts per plane and average revenue of £200 per part equates to £7m per annum. Given the margin the operating gearing is substantial.
Yes it is frustratingly slow and for those investors who have been diluted out of sight this has been a poor investment but I prefer to look forward. Major milestones are an Airbus customer conversion and marketing Hardide from this news.
The high net worths and VCT trusts who control the register should have high return expectations and will have been consulted on the option package which vests at 2.5p. Next news event is the final results and I look forward to a much better 2017|
|Lateralam-what bits of the Share Prophets article do you disagree with?|
|Another great day for Hardide. I think there are more shares in issue than there are people in China. What a great cosy lifestyle company this is. I think I will apply for a job.|
|Development in the States and the upcoming proscribing of chrome just could be indicators of an explosive future on the upside... or they might bomb. IMO worth playing the odds at this valuation, and my small holding is not for sale.|
|Here's the comment from TW team at Share Prophets
I wrote on provider of advanced surface coatings for a wide range of engineering components, Hardide (HDD) in June – ‘half-year results dire, cash crunch & thus (explicitly) fundraising ahoy!’. I now update on developments on the back of a trading update from the company today.
This reports “signs of a slow recovery from oil and gas markets”, “progress towards gaining aerospace business following Airbus technical approval is on-track and is looking positive across a range of applications for Airbus and other customers” and that the company's “new US coatings facility in Virginia has achieved the required major customer approvals after extensive verification trials and is now regularly producing revenue”.
Overall, “the company expects to report preliminary year-end results that are in line with current market expectations with H2 seeing an improvement over H1”.
This follows it having recently raised £1.6 million at 0.8p per share “to progress with its plans for future developments and growth”.
Hmmm. The fundraising followed half-year results which showed an underlying loss of £0.88 million and, after particularly also £0.34 million of investment spending more than depreciation, cash down by £1.32 million to £1.01 million (and current assets over liabilities by £1.20 million to £1.32 million).
So “to progress with its plans for future developments and growth” or ‘to keep the lights on’? I’ll review the cash flow and balance sheet with interest on the 12th December-scheduled full-year results announcement and, for now, continue to avoid.|
|The Mingy Machs appear to have misinterpreted the pre-close trading update ..... share price marked up at opening but, with no demand from investors, having to drop the price. Well done!|
|Phew, I was beging to worry, no fund raise for................ but no everyhing is OK, fundraise number........... the Directors can rest well tonight, they will be in a job for another year or so, shareholders ...... dilution ...... value ........... returns ............ one day .................|
|Why not have a look at Haydale. A properly managed company which in a short space of time has got market traction. The share price says plenty. On the other hand this POS has gone nowhere for 10 years and is kept alive by endless dilutive placings. A cosy lifestyle company.|
|What PGS2 said ^^|
|Options will only vest if Hardide generates positive cash flow and market cap reaches at least £35m (2.5p is higher than at any point over last 5 years). This requires management to convert profitable, large volume customers and demonstrate commercial growth with Hardide product. At a market cap of £35m, and positive cash flow, Hardide will attract institutional money which in turn will help the share price further. Incentive package fully aligned with shareholders interests and if they make me some money, very happy for management to rewarded also. Hardide is a great product and the company shaping up for an exciting future.|
|I wish I could share your enthusiasm. It has always bothered me when directors of a company need to be 'incentivised'. And I disagree that conditions for vesting are ambitious; condition (i) should be a given after all this time and (ii) share price hitting 2.5p in any of the three years, how about making it 2.5p e/s instead? Now that would be ambitious!|
|Excellent! Some ambitious targets there. About time methinks!|
|Aerospace technical approval last December and high volume parts in test. Securing a large volume, long term commercial contract from Airbus will put a rocket under the share price. Directors plus major shareholder are closest to this process so a good sign they have all invested. Exploration activity in oil and gas improving so things are not getting any worse. US production facility will attract more US customers. Hard chrome being phased out in 2017. High margin, low capex and great operating margin once customers are converted. I sense the Hardide will make real progress over the next 12 months.|
|I guess the proper place for this company is as a division of a larger engineering conglomerate.
The O&G hunger games could last another couple of years so there is unlikely to be decent results for a while. The price of the placing indicates survival.
Boring times ahead I reckon.
|The sensible option:
[meijiman 9 Aug'16 / 15:32 - 2463 of 2465 0 0 (Filtered)]|
|Meiji old boy, genuine questions; why are you still here? Are you locked in and unwilling to cut your losses? What's the point of the constant carping on here? Have you voiced your concerns directly with the company? Did you get any sort of response if so?|
|I have been waiting to see if there was going to be a placing.
I think all we can say is that it is not negative. The placing has been above the current share price.|
|I wouldn't pay this bunch of deadlegs in washers. Ten years at it and achieved nothing aside from cosy lifestyles. Still I'm making so much elsewhere this POS is less of an issue. Move forward five years to another Finncap placing at 1p.|
|placing was today, indeed .... but taken up by Directors and interested parties a full offer price .... so at least Directors must see light at end of tunnel .....|