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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hardide Plc | HDD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 6.25 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.25 | 6.25 | 6.25 | 6.25 | 6.25 |
| Industry Sector |
|---|
| CHEMICALS |
| Top Posts |
|---|
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 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 01/11/2023 11:34 by lefrene nestoframpers, I think it suits the end user industries to let HDD do it all for them, perhaps if it looked like HDD were going to fold, only then would one of the big boys step in, because they need the technology but don't seem to want to pay a sensible price to use it?The tech could be in every engine made, every bearing in every machine, creating machines that effectively wouldn't wear out. But plainly that wouldn't suit mass producers of machines. I guess therein lies the problem, the difficulty of finding a mass market for the technology? |
Posted at 01/11/2023 11:29 by marktime1231 Hamblin a credible hire to the board, someone who could fill the CEOs boots and/or tee HDD up for sale at 4 x Revenue. Which would be about 35p. Gets my vote, not surprised at the positive reaction.All very well Kirkham expanding facilities and diversifying, laying the groundwork perhaps, but not delivering the sales or profitability HDD has been promising for years. |
Posted at 19/10/2023 17:36 by nestoframpers Big boys will notice HDD one of these days . |
Posted at 18/10/2023 10:22 by ansc 18 October 2023 Hardide plcYear End Trading Update Hardide plc (AIM: HDD), the provider of advanced surface coating technology, is pleased to provide an update on trading for the financial year ended 30 September 2023 ("FY23"). The Group expects to report revenues for FY23 of GBP5.5 million and EBITDA close to break even, representing revenue growth of 10% and a significant improvement on the EBITDA loss of GBP0.9 million in the prior financial year. The Group's cash balance as at 30 September 2023 was GBP0.7 million, similar to both 31 March 2023 and 30 September 2022. The Board is pleased that these results demonstrate the success of initiatives announced in December 2022 to focus on profit and working capital improvement initiatives. The benefit of these in the financial year amounted to GBP0.7 million, double initial expectations. The Board is determined to accelerate revenue growth from business development, sales, marketing and other commercial initiatives without compromising its disciplined approach to costs and working capital management. This will allow existing production capacity to be better utilised and support the business in becoming cash generative and then earnings per share positive, in line with the strategy set out in February 2023. The Group is encouraged for the new financial year by sales to the aerospace sector beginning to increase in the final quarter of FY23, with regular orders now being received and customer schedules showing further growth through 2024 and into early 2025 for the coating of existing and new components. The Group also continues to anticipate repeat orders for coating gas turbine compressor blades in FY24, originally anticipated in FY23, and has near-term business development opportunities more generally in the gas and steam turbine markets, with trials under way. The Board therefore expects the Group to deliver further growth in line with its strategy during this new financial year, moving the Group into EBITDA positive territory. Note: The figures for FY23 provided above are unaudited. Hardide expects to announce full audited results in early February 2024. |
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 |
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