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HDD Hardide Plc

6.25
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hardide Plc LSE:HDD London Ordinary Share GB00BJJPX768 ORD 4P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 6.25 94,496 08:00:00
Bid Price Offer Price High Price Low Price Open Price
6.00 6.50 6.25 6.25 6.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coat,engrave,allied Svc, Nec 5.5M -1.12M -0.0142 -4.40 4.9M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:25:51 O 50,000 6.50 GBX

Hardide (HDD) Latest News

Hardide (HDD) Discussions and Chat

Hardide (HDD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:25:526.5050,0003,250.00O
13:24:366.506,000390.00O
08:08:006.5015,384999.96O
08:07:446.4915,408999.98O
08:07:276.497,704499.99O

Hardide (HDD) Top Chat Posts

Top Posts
Posted at 26/4/2024 09:20 by Hardide Daily Update
Hardide Plc is listed in the Coat,engrave,allied Svc, Nec sector of the London Stock Exchange with ticker HDD. The last closing price for Hardide was 6.25p.
Hardide currently has 78,457,509 shares in issue. The market capitalisation of Hardide is £4,903,594.
Hardide has a price to earnings ratio (PE ratio) of -4.40.
This morning HDD shares opened at 6.25p
Posted at 26/3/2024 19:22 by ansc
25 March 2024 - Hardide plc ("Hardide", the "Group" or the "Company")

AGM Statement

Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, will be holding its Annual General Meeting at 11:30am today, at which the Chair will provide the following update on trading in the financial year to date.

'Hardide expects to report revenues for the first half of the financial year (H1 FY24) of circa £2m, compared with £2.9m in the equivalent prior year period.

As reported in our annual results announcement on 8 February 2024, this reflects a slower than expected start to the financial year, as certain customers reduced their inventory holdings. Hardide's trading momentum has since improved, but has not advanced beyond prior year levels.

We anticipate a stronger second half as order patterns from major OEM customers normalise, supplemented by ongoing sales growth into aerospace markets and initial sales of industrial consumable spares product sold directly to end user customers.

Further action is being taken to further reduce costs and improve revenues and margins in order to underpin existing expectations for an EBITDA positive performance for FY24.

We are very grateful for the support of new and existing investors in our recent capital raise to help enable us to deliver on our strategy.'
Posted at 26/3/2024 13:50 by marktime1231
Hard to share the "extreme excitement" of the interim CEO, we need to hear about improved financial performance not niche product development.
Posted at 18/3/2024 14:18 by lefrene
Could be a worked sale cashflo, which won't show up until the end of the day.

I've always liked the tech of HDD, and yet it persistently fails to get taken up on an industrial scale by mass market products. Presumably because your car or motorbike engine would never wear out?
Posted at 22/2/2024 17:24 by marktime1231
£0.88M at 4.75p to keep the lights on.

Very disappointed in HDD we were assured it was on a positive trajectory.
Posted at 15/2/2024 14:44 by ansc
8 February 2024 - Hardide plc ("Hardide", "the Group" or "the Company")

Interim CEO appointment

Hardide plc (AIM: HDD), the provider of advanced surface coating technology, is pleased to announce the appointment of Stephen (Steve) Paul as Interim Chief Executive Officer with effect from 12 February 2024. Steve will succeed Philip (Phil) Kirkham who, as announced on 1 November 2023, is stepping down after leading the Company for over 11 years.

Steve had a successful 30-year international career in various managing director, commercial development and performance improvement roles for the leading global surface treatment business, Praxair Surface Technologies, now part of the Linde Group. Since 2018, Steve has led his own consultancy business, Sketchley GmbH, where he has advised a number of coatings companies, including Hardide, on strategic, business development and operational improvement projects. Steve has a Master's degree in Metallurgical Engineering from the University of Sheffield.

Steve has been working with Hardide for a number of months already on the development of sales of coated consumable parts to be supplied direct to end use customers. Steve will serve as CEO and join the Board of Hardide for an interim period of up to six months, after which it is intended he will continue to work with the Group on further international business development opportunities.

Accelerating revenue growth, with a focus on near-term sales potential for increased regular base load business is a key to the delivery of Hardide's strategy. Steve's appointment to this role will help drive this strategy forward, building on the foundations laid by Phil, ahead of the expected appointment of a permanent CEO later in the year.

Andrew Magson, Non-Executive Chair, commented: "We are delighted that Steve Paul is joining us as interim CEO. His broad leadership and commercial experience in the surface treatment industry will be invaluable to Hardide as we refine and focus our strategy to accelerate revenue growth, whilst helping realise a number of exciting near-term sales opportunities that Steve is already working on with us.

Everyone at Hardide is extremely grateful to Phil Kirkham for his strong leadership of the Group over many years. He has built an excellent platform for growth. We all wish Phil well for the future.

I am pleased that the process of recruiting a new permanent CEO for Hardide has identified a number of talented individuals who, like Steve, share the Board's belief in the exciting opportunities to further commercialise Hardide's unique coatings technology and the potential for the Group to generate significant value for all stakeholders over the medium to longer term."

[Stephen John Paul (Age 60)]
Posted at 08/2/2024 11:13 by gb904150
Has everybody here given up in disgust?

I question the logic of an RNS announcing the 'need to fundraise £1m' in the next month or two. Surely these things should be worked on and then announced once in place?

Instead we get the 20-30% drop based on a profit warning, coupled with the uncertainty of a £1m fundraise in the next 1-2 months.

£1m is a big old fundraise in current markets and when delivered with a profit warning.

I'm not sure the rev projections are going to met either.

Group revs in 4 months to 31 January 2024 were £1.3m.
Yet they forecast FY24 revenue to be broadly in line with FY23 (£5.5m).

That's a heavy back-loaded year of revenue they are predicting. £1.3m done in 4 months. £4.2m to do in 8 months. Or £2.1m per 4 month period.

It's great that aerospace is finally growing but when your rev mix looks like this that's not a huge consolation:

Energy: 63% (including oil & gas and power generation)
Industrial: 30%
Aerospace: 7%

The HCP phase out has been talked about for a long time, but given the REACH regulations have an end date of April 2024 for those chemicals it is surprising HDD aren't seeing a surge in demand and instead are seeing the opposite. I wonder why that is.

Very good improvement on margins. That's the main positive I can see.

Finally they project at what levels they will be profitable at.

However, what they don't project is how long it will take them to get there. Could still be a few years at this rate.
Posted at 13/10/2023 22:02 by mudbath
I have never been referred to as a "silent fart" before; yet at current share price levels HDD will surely come up trumps.
Posted at 28/7/2023 11:02 by mudbath
CANACCORD GENUITY GROUP INC are reducing their holding in HDD.
This is providing excellent liquidity on the buy side with good size available at 11.3p.
How/why did CANACCORD GENUITY GROUP INC become such significant holders and is there any significance to be drawn from their current disposals ?
I am considering investing into HDD in view of the evidence of some traction, the refreshed Bod, the widening acknowledgement of HDD's patented (through to 2038) technology and of course the low share price
Posted at 20/5/2021 13:35 by marktime1231
Thanks to nick100 ... "For example, development is progressing well and at a swift pace for the use of Hardide-T coating on components used in the production process of lithium-ion (Li-ion) rechargeable batteries. These are commonly used in electric vehicles"

So the line about EVs was not for vehicle components it was for tooling for EV Li-ion battery cell manufacture, I'm guessing it is Tesla. So Johnwise we understand HDD are not talking about substantial volumes of vehicle components. (Cue another anonymous downthumb and threats to filter).

Nevertheless it is good to read how pro-actively HDD are going about marketing the benefits and potential applications of its coatings. Not just sitting back waiting for the benefits of deals with Airbus and Lockheed Martin, cleverly targetting future growth industries, listening to requirements and developing solutions. Already done the hard bit of investing in capacity, barriers to competition in place. Very happy with how HDD is being managed.

The HDD share price is deflated but these are indeed what someone describes as bottom-draw shares, filed away for the long term.
Posted at 21/4/2021 11:40 by marktime1231
The HDD share price making welcome progress while the rest of the market is struggling, someone has spotted the great outlook here.
Hardide share price data is direct from the London Stock Exchange

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