Share Name Share Symbol Market Type Share ISIN Share Description
Hardide Plc LSE:HDD London Ordinary Share GB00B069T034 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.95p 1.90p 2.00p 1.95p 1.95p 1.95p 648,946 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 3.2 -1.2 -0.1 - 31.90

Hardide Share Discussion Threads

Showing 2676 to 2700 of 2700 messages
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DateSubjectAuthorDiscuss
13/12/2017
18:57
Hardide Plc Q&A with CEO Phil Kirkham: Final Results (LON:HDD) Posted by: Amilia Stone 13th December 2017 Hardide Plc (LON:HDD) Chief Executive Officer Phil Kirkham caught up with DirectorsTalk for an exclusive interview to discuss their final results for the year ended 30th September 2017. Q1: Now, this morning we saw your results published, can you talk us through the highlights? A1: Certainly. I think it shows real solid growth within the business, it’s a record revenue year of £3.24 million which is 51% higher than the last financial year and it shows really a good trajectory. Our second half, H2, was 14% increase in sales on the first half of the year and if you look at the last 4 half-years, we’ve shown steady growth, half-on-half in both sales and gross profit. During the year, we’ve benefited from a recovery in the oil and gas markets, our oil and gas sales in this year were 92% higher than the previous year. So, overall, it’s a really good trajectory, really solid growth, really good figures and we’re very well positioned for the future. Q2: You recently had an over-subscribed fundraising of £2.54 million, can you tell us how the money is being used? A2: We’ve got a projected expansion of our business in the year to date which indicates that we’ll need more capacity in 2018, North America already accounts for about half of the total group sales. So, we have actually ordered 1 new coating reactor for the Martinsville, Virginia facility which takes the number of coating reactors from 2 to 3 and that’s due to be commissioned in August 2018. We’ve also got, or we will have, the money in the bank to fund an additional reactor, over and above the one we’ve just ordered, when the time is right, when we see the increase in demand which we expect to be in 2019. In addition to that, we also want to get the US facility up to aerospace standards and get the AS9100 approval for the site, similar to what we have in the UK so that’s one of the main areas we’re spending the money on. In addition to that, we’ve got a number of process improvements in the UK and the US that we want to put into place as well as some more significant laboratory equipment. Of course, having a strong balance sheet, having cash on the balance sheet, is very important for our customers to see. We need to just mention that part of the fundraising has not yet been received because it’s subject to further EIS/VCT clearance from the HMRC, which we are currently waiting for, which will bring in another £800,000 to make the £2.5 million in total once that’s all received. Q3: Hardide reported its gained full Airbus Approved Supplier status and achieved Nadcap accreditation, how will this add to Hardide’s operation? A3: We’re always very pleased to have gained the significant accreditations and approvals this year, both the Airbus Approved Supplier status and the Nadcap accreditation, both for the Bicester site, these have really put a really good platform for securing future aerospace business. Of course, at the moment, we’re still in discussions with Airbus and others, there’s tests going on, live testing on wing components for the Airbus A320, A330 and the A380 family of aircraft and also on landing gear parts as well as other fixed and rotary wing aircraft components. Unfortunately, progress is slow due to the nature of the business, the aerospace industry, but also the critical nature of the components that we’re being asked to coat. So, that in addition to getting on the plan to bring the US facility up to the aerospace standard during 2018 is really where we’re going forward. Q4: Going forward then, what are the main focus areas, let’s say over the next few months? A4: Well, we’re continuing to work on our aerospace business with Airbus, Leonardo and many other primes and tier 1 subcontractors to the industry and getting this US site to AS9100 approval. We’ve also recently signed supply agreements with some major oil and gas customers which we believe will become significant business for us in the forthcoming months and years. Q5: How is trading going and what’s the outlook for the next financial year for Hardide? A5: We’re building on the achievements that we’ve achieved in 2017 and we plan to grow the business further and plan to diversify both in North America and in Europe. We see a very positive future during 2018 and beyond.
nick100
11/12/2017
22:03
chrisgail, you make very valid points in the medium term, perhaps another two or three years. It’s a capital intensive model: increased production needs more reactors and more depreciation. The sales effort, persuading oem’s to invest in better but more expensive components is costly. Holders here believe HDD has the ‘better mousetrap’ and the time is coming when manufacturers of high-wear critical components will be queuing at our door, especially wnen hard chrome and cobalt-derivatives are no longer alternatives. Not for widows and orphans.
dozey3
11/12/2017
20:28
How the market values Hardidie bewilders me, sales go up, very good, admin costs shoot up, not so good, they add back £232,000 of fixed asset impairment costs, funny money (only exists on paper) and losses fall! Of course in the real word ignoring £232,000 add back the loss is £1,467,000 a higher fgure than last year, definitely not very good at all. Second half turnover £1.7M against £1.5M first half, not exactly explosive growth. The forward looking statement doesn't get close to using the 'profit' word, so another year of cash burn in the hope that one day................... All valued at 10X sales, 10X sales..........why, please explain?
chrisgail
11/12/2017
11:21
I think they would benefit from a partner with deep pockets!
trewinney
11/12/2017
10:47
Thanks Dozey. It's on my watchlist. PROGRESSIVE Equity Research gives it a thumbs-up
petewy
11/12/2017
10:33
Results today https://www.investegate.co.uk/hardide-plc--hdd-/rns/final-results/201712110700048896Y/ Pretty underwhelming, though going in the right direction. They don’t see the possible 7 year extension in the use of hard chrome as a major problem, and highlight the declaration of cobalt metal as a carcinogen as likely to affect competitor hard coatings. More reactors are on order, but we knew that. So progress is being made, but when shareholders are likely to see any benefit is anyone’s guess.
dozey3
16/11/2017
18:22
Ok well it’s about time they updated their website, surely they have a duty to do so?
ny boy
16/11/2017
15:33
The issued share list on the Hardide Web site is out of date. I am expecting Hardide to bring this list up to date. Not sure why they haven't already. Not sure of their obligation to do so. Not that it will be significantly different to change the liquidity. RegardsRRJ
rogerramjet
16/11/2017
14:14
Out of this 34.9% there are a lot of shareholders that have a large holding,which make this share not so liquid.
nick100
16/11/2017
14:09
meijiman... from their web site issued shares Number of shares in issue 1,534,906,304 Number of shares not in public hands 34.9% Major Shareholders R Boyce & Associates 17.4% A Badenoch & Associates 16.2% Hargreave Hale Nominees Ltd 13.0% Amati VCT plc 9.4% Hargreave Hale AIM VCT plc 6.3% Unicorn AIM VCT plc 4.1% Mr T Simpkin 4.0% Mr WSC Richards OBE 3.7% Lobbenberg Family 3.1% Hope it helps clarity the situation.
ny boy
09/11/2017
12:59
Market cap £30.3m today according to Sharepad, so not completely out of the question. Time they consolidated 1 for 100 to make it sensible and hopefully reduce spread.
dozey3
09/11/2017
11:52
Yes would be great if Bodycote saw this as a tasty morsel.3p should do it. Trouble is there are 85bn shares in issue or is it 850bn-I lost count some years ago.
meijiman
09/11/2017
10:47
Fantastic article Nick. Let’s hope it is read by the movers and shakers throughout the engineering spectrum. See bodycote was mentioned; HDD could be a tasty morsel for them. On a more sober note, I thought the EEC had extended the deadline for banning hard chrome which was originally September this year as mentioned in the article. Hope I’m wrong.
dozey3
09/11/2017
06:11
https://hardide.com/wp-content/uploads/Materials-Performance-Oct17-HDD.pdf
nick100
01/11/2017
19:24
Hardide Plc Q&A with CEO Philip Kirkham: £2.54 Million Fundraise (LON:HDD) Posted by: Amilia Stone 31st October 2017 Hardide Plc (LON:HDD) Chief Executive Officer Philip Kirkham caught up with DirectorsTalk for an exclusive interview to discuss the £2.54 million fundraise, the potential loan with Martinsville-Henry County Economic Development Corporation, their North American oil & gas framework agreement and their current trading Q1: Now, you’ve just announced that Hardide has raised £2.54 million, before expenses, can you tell me why you raised these funds? A1: Certainly. I think to start, I’d like to say that we’ve got some very supportive investors out there, we obviously did some roadshows around the market over the last week and the comments and the enthusiasm we got back from our investors was fantastic and the fundraising was actual oversubscribed so that was good news as well. Basically, it’s all about development of the business, we’re obviously seeing a growing demand from existing oil and gas customers and we’ve got some good prospects with new customers as well. We recently signed a framework agreement with a large oil and gas operator and we’re in the final stages of negotiating a deal with another North American oil and gas company as well. The Virginia facility that we opened in 2016 is performing really well and we project that the 2 coating reactors we have there, that we started operating in 2016, will be at capacity during 2018 so we need to plan to install more reactors there. With these taking about 10 months from order to getting them ready to work we need to order 1 now and plan to order a further reactor in about a years’ time. The second reactor we’re planning to order is going to probably be a bigger size reactor than we currently have so we can coat larger components which we’re seeing from the customers. Q2: Can you also tell us more about the potential loan with Martinsville-Henry County Economic Development Corporation? A2: It’s a very low interest loan of 2% over 5 years from the local community in Martinsville who have been very supportive all the way from us deciding to set up in Martinsville 2 years and supported us in many ways whilst we’ve been operating there. So, basically, they want to continue to support our growth in continued investment in capital and jobs in the locality. We haven’t actually got the loan yet, it’s in the final stages of preparation and we’re expecting the paperwork in the next few days. Q3: You also mention a framework supply agreement signed with a major North American operator in the oil and gas sector, can you tell me anything about it? A3: Unfortunately, very little, as our confidentiality clauses within the contract which is pretty typical for customers in the oil and gas industry, they’re very protective about what exactly they’re doing as they don’t want their competitors to know. It’s Hardide’s first framework agreement with a major oil and gas operating company and it’s a very complicated, intricate product that we’re coating for them, but it’ll obviously benefit them at the end of the day by using the Hardide technology and give them significant improvements in performance and proficiency. We do work with many of the global oil service companies to improve performance of their tools and working directly with an operator enables them to see for themselves the actual coating technology and I’m sure they’ll be many more different applications that we’ll see in this field. Q4: Will you be recruiting more staff to service the increase in capacity? A4: Yes, we will, particularly in North America as we expand there and grow, we will need more business development resource to handle the growing opportunities that we see there and obviously, more production staff as we install more reactors and to handle the greater volume of components that we expect to go through the facility. Q5: Finally, can you tell us a little more about Hardide Plc’s current trading? A5: Well, as was said in the note, we expect the financial year, just gone, to be in line with market expectations which would mean something like a 50% increase in turnover compared to the previous financial year. We will be announcing our preliminary results on December 11th and we are very positive about the coming year and beyond as this fundraising really shows, it’s all about the future.
nick100
01/11/2017
19:22
https://t.co/31ILopxlJw
nick100
31/10/2017
19:11
Well Chris, in that case you are wasting your time on this board. Sure, it is going to take a few more years but now the case is proven and the customer base will continue to expand.
dozey3
31/10/2017
13:38
Forget the history can the company generate enough free cashflow to invest in the number of reactors it needs to have a meaningful turnover. I don't think so.
chrisgail
31/10/2017
10:46
You have missed the point. The board and shareholders have changed since the IPO. Agree Flintstone and advisors were reckless only raising limited cash for the company at the IPO back in 2005 but no point continuing to go over old ground.
pgs2
31/10/2017
09:56
fter the initial placing (@ 10p) back in 2005, there were 127,493,242 shares in issue (with a market value of £12.75m) That's a 566% drop in value from 10p 12 years ago to 1.5p today - with over 10 x share dilution...disgusting to say the least, & the BoD are collecting salaries
euclid5
30/10/2017
20:26
If you invested at IPO, Hardide has been a terrible investment mainly because the greedy venture capital company Flintstone only raised £1.75m of cash for the company. No point going over old ground. Hardide coating technology unbeatable in certain applications and current CEO and board making good progress on customer conversion. Can't blame current CEO for major dilution created well before his watch and at least give him the credit for turnaround and improvement in share price. Latest fundraising was oversubscribed and funding growth is positive. Really like the Hardide opportunity as a recent investor but appreciate those involved early on had a bitter experience. Time to move on from the early days as the risks and opportunities have changed a lot.
pgs2
30/10/2017
20:10
Not necessarily. I bought my first 200k at less than 1.5p back in early 2013. Patience my dear boy (?), patience.
dozey3
30/10/2017
19:20
Is this serious or in jest? If serious the main flaw is that you might be better off investing sometime over the next two years. Anyone investing prior has had their investment reduced to rubble by a share price which has gone nowhere -unsurprising as there has been massive dilution to any original backers.Put another way this probably came to market ten years too early.
meijiman
30/10/2017
18:29
I'm not going to say all things I've said many times before, this time I'm going to praise the board. Hardide should be used by Business Studies students as an example, if you are going to set up a business make sure you pull in investors, at the start, who are wealthy enough to keep on coughing up cash way beyond the point when most sensible investors would have said 'you can not be serious'. They have over a million in the bank but are asking (and have got) 2.7 more to boost the business not next year but the year after, brilliant. So the shareholders have another 18 months to look forward to the board saying we are meeting existing market expectations, in other words no profit until 2019 So two reactors 2 x £0.85M = £1.7M leaving £2m to cover increased marketing, ongoing losses and of course a over large board of directors (and over paid) sorry, I said i would not say that again. Now lets think about this to scale the business up they need to keep on adding reactors at £0.85 million, will that come from cash generation? Directors I take my hat off to you, the next two to three years of employment secured, brilliantly well done. Shareholders, only another 2 - 3 years to wait to find out this is a £5M value company.
chrisgail
30/10/2017
09:35
An in-depth update from Progressive Research Equity this morning following last week's successful fund-raising; they remain very positive long term: https://mail.google.com/mail/u/0/?shva=1#inbox/15f6c1e8a44efbd8
ansc
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