Hardide Share Discussion Threads

[maurillac] 19/3/2014 10:10

dont know roger but hdd is going well again today ... more of the same i say ;)
m

[rogerramjet] 19/3/2014 09:53

I wonder how much influence British Bulls website has on penny shares like Hardide. I keep an eye on end of day reports but I think if you sign up they tell you their stance during the day. If there are enough followers then it may make a difference to the share price. Only a thought.RegardsRRJ

[rogerramjet] 17/3/2014 17:48

In theory if Hardide have the money from the grant,250.000, then you could put anything against it. Just depends how much the six figure sum they have spent on equipment is. Ie if it's considerably more than 250.000RegardsRRJ

[riddlerone] 17/3/2014 16:35

I assume RRJ that the cost is a contra against the Grant

[rogerramjet] 17/3/2014 13:48

Investment in cutting edge technologyHardide Coatings has invested a six figure sum in new technologies that will strengthen its service and delivery capability; these include a Scanning Electron Microscope (SEM) and equipment to further improve the pre-treatment process.RegardsRRJ

[ansc] 17/3/2014 09:44

Oops! My apologies, Roger, your post [2162] is spot-on so I've removed the tosh that I wrote in [2161] as I'd obviously completely misread the RNS. Mind you, whether the effect of a couple (or three) glasses of a very drinkable Australian 14% Merlot for dinner earlier that evening had anything to do with it, I refuse to comment!!

[poacher886] 16/3/2014 19:39

Thanks for your answer, will keep an eye out for dips, and might purchase a few if the price is right!

[riddlerone] 16/3/2014 18:49

Looks to me like another 8% added to the shares issued on conversion.That will take the Market Cap with the share price as it stands at the moment over 20 million .On first reflection that looks quite a high valuation until you realise the importance of their product and how they are embedding their coatings in the critical parts of large blue chip customers products.The point of entry for any competition is huge due to the proving time of 1 to 2 years.If the revenue from said customers continue to rise then Hardide may becomes a prime buy out target due to its importance.Alternatively maybe there is a deal to be had by licensing at a premium either way the 20 million mkt cap could seem quite cheap in a year from now.This is all supposition and my own theory with no advice intended

[poacher886] 16/3/2014 16:55

Anyone have any idea what the share issue would be (approx) if all convert?, i like the share here, but a bit sick of my shares being constantly diluted to oblivion...this being the only real negative i can see here in the long term.

Also, and of the more learned here have any thoughts to market cap going forward if the current pilots come off as expected?

Thanks

[riddlerone] 15/3/2014 08:37

By the way,I read the latest RNS the same as you.Liquidity is key here with this share and as long as good newsflow on increasing revenues carries on the MMs will pull this up knowing there is a readily available supply of shares

[riddlerone] 15/3/2014 08:23

RRJ,Heres your Convertible explanation.The maturity date is this summer which will have had to be paid in full or converted then.Thankfully it seems that the amount of interest from buyers has allowed them to convert a large part of it early which(although we will experience dilution)will help cashflow over the coming months.

CLNs are evidence of a loan which is convertible into equity at a later date, at specific rates or in response to particular events. They will generally be redeemable as well as convertible. They can be secured, although often are not. If they are unsecured then they will rank alongside all unsecured creditors in the event of a liquidation.

The coupon (interest rate) typically payable under CLNs will be higher than an investor could expect if they placed their money in a high-street savings account. Interest under CLNs will usually be payable periodically, but it is possible to agree, for example, that interest be rolled-up and paid when the loan itself is converted or redeemed. Interest may also be capitalised if the CLNs are converted.

Whether or not an investor chooses to redeem his or her Convertible Loan Note at the relevant time will depend on several factors, but primarily on the conversion price. This would typically be set at the notional market value at the time the CLNs are created, or the actual value if the issuer's shares are publicly traded. If this market value has risen over time then an investor will generally want to convert his loan into shares. If this market value has fallen then it is likely that he will wish to redeem their loan for cash. Any interest still outstanding will be dealt with in the same way as any principal.

It is self-evident, but in the event that CLNs are converted then existing shareholders (everything else being equal) will suffer dilution, and in the event that CLNs are redeemed then the issuer will have to find the cash to redeem them.

In summary, Convertible Loan Notes are a good way for issuers to raise money because they are attractive to potential investors, allowing them to achieve a healthy yield and obtain the benefits of a call option over shares in the issuer at a fixed price. Issuers will usually not have to secure the CLNs over their assets to be able to defer payment of the interest and principal under the CLNs to the end of its term, offering cash flow benefits versus traditional borrowing

[rogerramjet] 14/3/2014 22:26

Additional info from some website which seems to fit. As always DYOR.On holding, or ceasing to hold, 3% of a UK target's voting rights and on reaching, exceeding or falling below each 1% increment above that 3%.RegardsRRJ

[rogerramjet] 14/3/2014 22:17

Re amati holding - this is how I see it which could well be wrong!Number of shares held before transaction is 0Number of shares after 43,644,4440% to 4.07%I reference this to the St.Mary Abchurch holdings in company RNS which shows them having what I believe a holding before and then an extra 5m after.RegardsRRJ

[ansc] 14/3/2014 21:41

On the ADVFN 'trades' page, it wasn't even annotated as L(ate)!


[The second paragraph removed as it proved to be a load of tosh! - ansc 17/03/14]

[rogerramjet] 14/3/2014 19:39

Why they would delay it I guess comes down to playing games. As to what the game is called and what it achieves I have no idea.

[rogerramjet] 14/3/2014 19:35

From what I pick up from the BBs the trade can be delayed publication due to it's size. There's nowt simple about trading.RegardsRRJas always DYOR.

[soldi] 14/3/2014 18:56

Yes can see that - but why on earth would they put a trade previously registered on 10/3 to show for today?????

[rogerramjet] 14/3/2014 18:24

AnscIt's from 10 March!

[ansc] 14/3/2014 17:33

Impossible to say at this stage.

With the 'offer' price stuck on 1.75p all afternoon, why pay 2.05p for 2.156m just after the market closed? Surely it would have made more sense to have tried to buy say four smaller chunks at a much cheaper price over a couple of days? After all, there could easily be quite a few 'surplus' loan conversion shares coming on to the market over the next few days.

[rogerramjet] 14/3/2014 15:17

So it looks like st Mary Abchurch...... have added 5m and someone else (Amati VCT plc) if I understand it correctly have got there hands on 43644444 shares.Am I correct?RegardsRRJ

[ansc] 14/3/2014 09:27

Will we be awash with unwanted 'loan conversion' shares by the end of the day? Not much action so far.

Incidentally, checking through the trades yesterday evening marked for last Friday, the 5.0m trade of St Mary Abchurch's was recorded at 16.23 and, surprise, surprise, it went through as a sale (@ 1.85p) annotated with C(onditions). Devious? Is it any wonder that I regard the Mingy Machs with so much distain.

[riddlerone] 13/3/2014 12:18

RRJ,I am wrong sorry i stand corrected.Just read the RNS again and yes it was 5m added
My apologies

[rogerramjet] 13/3/2014 10:32

Riddlerone - are you sure what you have said is correct? Have they not just added 5m to their original holding?I don't fully understand it myself but between your comment and ansc it doesn't seem to add up.RegardsRRJ

[ansc] 13/3/2014 09:55

St Mary Abchurch Investments (1984) Limited was a new name to me until yesterday's RNS. A Google search revealed that, as the name suggests, they've been around since 1984 and for the last three financial years have had assets valued at c. £3m; for 2012 - £3.2m with net assets of £942k and cash £274k. They weren't listed as a significant shareholder in last year's Annual Report but, with the 5m shares they added last Friday taking them to 4.06%, they were obviously already over the 3% trigger level by then.

The price mark-down since Tuesday's Loan Note Conversion announcement on relatively light selling is a clear indication (to me) that the Mingy Machs are anticipating a lot of the 44.4m shares being issued tomorrow are going to hit the market. I'll be watching closely as I could do with a few more for my HDD pot ..... at the right price!