Hardide Share Discussion Threads

[johnwise] 02/1/2019 15:23

"Airbus Technical work completed"

"Aerospace close to first orders"

[nick100] 15/12/2018 06:27

Presentation.

[cashflo] 11/12/2018 21:16

That was one of the reasons for jumping aboard - strange that my buy was listed a sell. Wonder if most of the other sells are in fact buys?

[johnwise] 11/12/2018 21:01

cashflo, welcome aboard,stay patient

Reassuring... The fundraising of GBP2.54m last year was with a placing . Those institutions convinced of the potential, will have gone through the company with a fine-toothed comb to make sure everything was kosher before advancing the cash..

Numerous announcements expected in the coming months

"We are encouraged by the potential for significant growth in sales to the civil aerospace sector. Having successfully completed technical testing, detailed discussions are underway with Airbus and its tier 1 partners regarding the supply of production parts. Parts for other US and UK aerospace manufacturers are in various stages of development, including the final stages of life testing on transmission parts for Leonardo Helicopters."

"Technical work successfully completed with Airbus on production parts and final commercial discussions underway"

- "Appointment of two new non-executive directors bringing extensive aerospace and strategic business experience"

[cashflo] 11/12/2018 20:10

I have dived in for a long term punt in these. dyor etc

[nick100] 10/12/2018 18:12

Interview with Philip Kirkham

[nick100] 10/12/2018 18:12

Interview with Philip Kirkham

[man1] 10/12/2018 13:33

Hopefully you won't have to keep them there for another year. Keep the faith ?

[johnwise] 10/12/2018 12:56

0/12/2018

INTERVIEW: Hardide plc Achieves all time record in sales revenue

Hardide plc (LON:HDD), the developer and provider of advanced surface coating technology, announced its preliminary results for the year ended 30 September 2018. Philip Kirkham CEO of Hardide joins DirectorsTalk to discuss the results. Phil talk us through the highlights, discusses the opportunities in North America and his outlook for Hardide.

Click on Photo for audio

[nick100] 10/12/2018 12:46

Interesting points from RNS

Progress towards securing supply contracts for Airbus components is gathering pace. Over the last year, substantial development work has been undertaken with both Airbus and one of their tier 1 suppliers on a range of components. Frequent joint meetings have been taking place so as to reach a conclusion as fast as is possible. The availability of trial components and information flow from the tier 1 partner was challenging, but now all technical details and required changes have been finalised and agreed. The focus is now on agreeing commercial terms and once this is done, pre-production and/or full production orders should follow shortly thereafter. This pace of progress, while slow and frustrating, is typical for the introduction of a new process to the aerospace industry. However, once complete it is expected that demand for the components will continue for many years.

Additional components for another tier 1 supplier to Airbus are also in the final stages of a life testing programme, with very promising results. We expect progress with these components will be much quicker than with the earlier approval process with Airbus.

Testing of transmission components at Leonardo Helicopters is almost complete and the Hardide coating is showing excellent results.
Good progress was made in our goal to diversify our customer base. This is due largely to the three new major contracts and helped as well by several other smaller accounts arising from development projects. The resurgence of oil and gas activity and the protracted process of securing volume aerospace sales means that our market diversification plans are taking longer than we would like. However, the Board is satisfied that the risk from over-reliance on a small number of customers is now much reduced and that sector diversity will improve as sales into the aerospace sector result alongside sales to other sectors where trials are showing promise, including power generation and coating industrial diamonds for use in the hard-facing of components.

The predicted significant growth in activity at both the UK and US sites means that new or additional premises may soon be required. An evaluation of options is now underway and investment decisions will be made in line with expected customer demand

[johnwise] 10/12/2018 12:32

19/09/2018
RNS Number : 1836B

Robert Goddard, Chairman of Hardide, said:

"In order to manage the high growth rate of the business, the cost base has been increased in line with projected demand and ahead of revenue. Accordingly, the Group expects EBITDA for the year to be in line with market forecasts."

[ansc] 10/12/2018 10:21

What's that saying about 'Hope springs eternal' or how about 'One day Rodders, one day'. As with so many of HDD's results announcements, there's going to be blue skies once this cloud dissipates. Figures looked promising until I noticed that administration expenses last year had gone up almost 20%!

There's no fool like an old fool so this one has put his share certificates back in the bottom drawer.

[johnwise] 10/12/2018 07:09

10 December 2018

RNS Number : 8809J

Hardide PLC Preliminary Results

Commenting on the results, Robert Goddard, Chairman of Hardide, said:

"Hardide has reached an inflexion point, with record sales across all geographies with a 42% year-on-year increase to GBP4.61m. Oil and gas revenue grew significantly, benefiting from the continued recovery in the sector, with strong sales to new and existing customers.

"We are encouraged by the potential for significant growth in sales to the civil aerospace sector. Having successfully completed technical testing, detailed discussions are underway with Airbus and its tier 1 partners regarding the supply of production parts. Parts for other US and UK aerospace manufacturers are in various stages of development, including the final stages of life testing on transmission parts for Leonardo Helicopters.

"The Board is pleased with the Group's performance and the positive trading outlook. Our key oil and gas customers are experiencing a broad-based recovery in activity and are predicting that the current positive cycle will continue and that the supply-demand balance will remain favourable. This is positive news for Hardide and supports the Group's strategy to invest ahead of revenue as it drives towards profitability in the coming year."

[johnwise] 07/12/2018 10:14

Event: Meet us at AAD Summit, Glendale, AZ, USA

Hardide Aerospace Coatings is exhibiting and attending the American
Aerospace & Defense Summit on December 12-13, 2018 in Glendale, AZ
. The summit connects aerospace and defense manufacturing leaders
from across the globe. We’re looking forward to raising awareness of
the Hardide technology and taking advantage of the exceptional
networking opportunities.

[ansc] 29/11/2018 09:42

Annual results last year were released on 11th December so not much longer to wait for news on progress (positive hopefully).

Btw, trades being marked at 1.42p are buys not sells as indicated, sales are at 1.37p.

Edit: (taken from the 19th September trading update) "The Company looks forward to reporting its preliminary results for the year to 30 September 2018 on or around 10 December 2018."

[johnwise] 29/11/2018 08:04

Press release: Hardide coating solution strengthens subsea running tool

Hardide Coatings has provided a coating solution for a new tool that will
save oil and gas operators millions of pounds per year by extending weather
windows for drilling operations.

[nick100] 29/11/2018 06:18

Press release: Hardide coating solution strengthens subsea running tool

Hardide Coatings has provided a coating solution for a new tool that will save oil and gas operators millions of pounds per year by extending weather windows for drilling operations.

Well construction specialist DeltaTek Global selected the Hardide CVD (chemical vapour deposition) tungsten carbide-based coating for the key component of its new ArticuLock tool. ArticuLock provides operators with longer weather windows to deploy subsea hardware and improve operational reliability by removing bending fatigue in subsea running tools and landing strings.

The Hardide-T chemical vapour deposition (CVD) tungsten carbide-based coating was used on the key component of the tool, a complex shaped ball and socket pivot joint, which is subject to extreme loads of up to 400 tonnes, 5000 psi of working pressure and 30,000 ft.lbs of torque while operating in severe wind, wave and current environments.

Delays due to bad weather costs operators £400 million per year in the UK alone and up to 20% of drilling budgets are allocated to waiting on weather. Use of ArticuLock will allow operators to run tools in weather environments where previously drilling would have been suspended. It can increase operable wave heights by 400%, from up to 1m to up to 4m.

The severe operating conditions meant that a hard-wearing coating was needed for the pivot joint body which is manufactured in AISI 4330V alloy steel, widely used in the oil and gas sector. The complex grooved geometry on the ball of the pivot joint body presented a further challenge to achieving the necessary post-coat surface finish.

Hardide Coatings and DeltaTek worked together to achieve the necessary hardness, thickness and smooth surface finish through coating and polishing alone, rather than using grinding.

Tristam Horn, DeltaTek CEO said: “ArticuLock will be deployed in some of the harshest oil and gas drilling environments in the world and we need its components to deliver optimal performance under extreme operating conditions. The geometry of the pivot joint body is complex and Hardide-T provided the only solution that combines the necessary wear properties with ductility and the ability to coat such designs. The Hardide coating delivers in each of these areas and is an important part of the tool’s success in offering significant cost benefits to oil and gas operators worldwide.”

ArticuLock® was successfully field-trialled on the Stena IceMAX, a state-of-the-art harsh environment, ice-class drillship. The tool is expected to be used in regions as varied as the North Sea, the Gulf of Mexico, West Africa and Western Australia.

Hardide Coatings is also supporting DeltaTek on its Seacure cementing tool that will be field tested west of Shetland in early 2019.

[johnwise] 19/11/2018 14:45

Industrial Diamond

Hardide Coatings have developed an innovative new coating for TSP
(thermally stable polycrystalline) diamond, a material with the
hardness of diamond that is thermally stable up to 1200°C
and can be manufactured into many shapes and sizes.

[johnwise] 12/11/2018 09:18

DirectorsTalk

Hardide Plc (LON:HDD) CEO Philip Kirkham talks to DirectorsTalk about the gaining
of ‘Approved Supplier’ status from Airbus. Philip explains for us the
significance of this to the company and why Airbus and other aerospace
manufacturers want to replace hard chrome plating.

Click on Photo for audio:

[johnwise] 07/11/2018 15:28

Hardide Coatings is the leading global innovator and provider of advanced tungsten carbide coatings that significantly increase the life of critical metal parts operating in abrasive,erosive, corrosive and chemically aggressive environments..


250 X Greater Wear Resistance Than Steel.


VIDEO..
Hardide and coating technology explained



VIDEO
Hardide Coatings - New UK Production Facility




Hardide Coatings Promotional Video



!FOLLOWFEED

[johnwise] 22/9/2018 11:21

22 August 2018

Hardide PLC £14.4m Funding Awarded for Two Major Aerospace Projects

[trewinney] 22/9/2018 08:36

No mention of Aerospace.I am out.