Hardide Share Discussion Threads

[meijiman] 29/9/2016 16:04

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.

[lateralam] 17/8/2016 17:05

What PGS2 said ^^

[pgs2] 17/8/2016 09:48

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.

[ansc] 16/8/2016 20:04

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!

[lateralam] 16/8/2016 16:30

Excellent! Some ambitious targets there. About time methinks!

[pgs2] 16/8/2016 09:55

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.

[apad] 10/8/2016 16:15

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.
apad

[ansc] 10/8/2016 16:06

The sensible option:


[meijiman 9 Aug'16 / 15:32 - 2463 of 2465 0 0 (Filtered)]

[lateralam] 09/8/2016 20:36

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?

[canhope] 09/8/2016 16:00

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.

[meijiman] 09/8/2016 15:32

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.

[cougar99] 09/8/2016 15:13

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 .....

[meijiman] 19/7/2016 13:40

If Finncap has written a note it sounds like 'operation spiv' has to be launched soon. Placing ahoy? How many people can we convince it will all be great in a few years time. ?

[cougar99] 18/6/2016 18:39

... well it is an AIM stock and is in to developing technology - so dilutive placings are somewhat par for the course in such circumstances - it is a matter as to if you think they are going to be reasonably successful one day as to time your entry in to buying the stock and then hold as long as necessary .... as AIM stocks are often 'make or break' then that HDD is still around means that they must be doing something right .... I've bought in at a price I am happy with and will hold ... if it proves to be a wrong decision then so be it .....

... however, if I feel there is a market downturn similar to 1987 and 2008 coming then I'll sell out as good stocks also go down .....

[meijiman] 18/6/2016 09:31

When do you expect 'progress and increasing revenues' to be achieved?. These clowns have been at it for ten years or more and delivered nothing for shareholders. In fact nothing but constant dilutive placings which are needed to keep this ship afloat as it generates no cash and funds are needed to support agreeable lifestyles.
The spivvery will begin with a note talking about great prospects in the future -perhaps the elusive airplane contract will once again be dusted down.

Others may see this as one of the best potential investment stories in the market-that's fine by me.

[meijiman] 17/6/2016 11:22

Think the share price is being spivved up -looks like a placing on the way. Why give new money to this bunch of deadlegs?

[cougar99] 10/6/2016 19:15

well as long as it doesn't turn out to be a super lobotomy then all should be OK then ... but as to the timeline before it actually comes good ..... ???

[apad] 10/6/2016 19:01

3.5 million total!
Bought this 'cos I like the tech. had no idea whether it is a decent growth company. It wasn't :-) Then wasn't worth getting out - locked-in syndrome.
It feels sort of like a super laboratory really.
apad

[cougar99] 10/6/2016 18:13

all gone a bit quiet on this thread since interim's ... a stunning silence .... anyway I assume the 2m at 0.78 as a delayed trade was a buy .... but I stand to be corrected ......

[lateralam] 06/6/2016 18:04

Got to admit I'm getting fed up with the slow pace of this. I find myself in agreement with Nig and Meiji that they really need to start focusing on shareholder returns for a change. The marketing people need to seriously up their game and build the profile somehow. That said, I still believe the technology itself is sound and has decent benefits. It's simply that the wheels seem to be stuck in the mud at the moment... Roll on a takeover is all I can say!

[nick100] 06/6/2016 13:03

From Sharecast.


Hardide interim loss widens amid oil and gas downturn
Mon, 6th Jun 2016 09:59

(ShareCast News) - Hardide reported a wider interim loss as the downturn in the oil and gas exploration market takes its toll on the company.

For the six months to the end of March, the AIM-listed surface coating technology provider posted a group operating loss of £624,000 compared to a £68,000 loss the year before as revenue fell to £949,000 from £1.8m.

Chairman Robert Goddard said: "Advanced engineering and aerospace sector revenues more than doubled during the half year and group order intake showed a 44% rise from the prior six months. However, we are in the midst of the longest and most severe global downturn in our core market of oil and gas and this has led to group revenues falling 46% from the same period last year.

"In response, the company has acted quickly and decisively to reduce its cost and expense base while retaining its ability to react quickly when demand from the oil and gas market recovers."

Nevertheless, Hardide said it expects to be operating in these challenging market conditions for the foreseeable future and continues to grow its business outside oil and gas.

With this in mind, the board is considering potential funding options for the business as a precautionary measure.

Hardide said that given uncertainty about the timing of a recovery in oil and gas activity, it remains cautious about the near-term outlook but reckons second-half revenues will be higher than those in the first half.

At 1007 BST, shares were down 10.3% to 0.74p.