Hardide Share Discussion Threads

[mudbath] 19/6/2013 16:57

Yes chrisgail,the rating accorded to HDD beggars belief.
Coincidentally their market cap mirrors that of BYOT,where the potential is surely one hundred fold that of HDD .

[chrisgail] 19/6/2013 16:34

Another woeful set of results, falling sales, after years of saying we are building our Customer base. Please, someone explain how a company with, lets be generous and say £3m turnover and no sign of profit can be valued at £12.5m

They are adding to their cost base by recruiting additional sales people, prepare
for yet more fund raising when the money runs out again. Is anyone keeping count?

I used to say the shares should be trading at 0.5p my new price range is 0.3 - 0.4p.

[nigthepig] 29/4/2013 19:07

Doubt we will see "the fool" QC on here now. After his ridiculous post on 24.4.13, I did reply to state this is undervalued.

[j777j] 29/4/2013 18:17

The QC et al are looking rather a prat today

[brasher2] 29/4/2013 17:05

Great news look forward to more sales and rising share price

[nick100] 29/4/2013 12:25

couetesy of Pied Kingfisher from iii board.

Cutting & Wear was established in Sheffield by Mr Brian Russell in 1968, to supply hardfacing materials to oil and gas operations in the North Sea.

Our original product range was confined to composite rod hardfacing materials, having either cutting or wear resistant properties.

Tungsten carbide tipped drills were also produced for such specialised applications as drilling reinforcement in reinforced concrete and taking sample cores from road surfaces.

Whilst we started out small, in terms of both numbers of staff and volume of business, we built a reputation for high quality and excellent customer service from the very beginning.

Mark Russell, now Managing Director, joined Cutting & Wear in 1975. The increase in oil exploration and production in the North Sea led to a higher demand for our products and a drive to grow the business. This led to the move to Rotherham in 1976 into larger premises.

Following the move to Rotherham, development work commenced on the production of integral blade stabilizer bodies. This proved to be a successful addition to the company's activities.

In 1981 we took over the adjoining factory unit and doubled our factory space.

Growth has continued, and we will shortly be moving in to a new, 38,000 sq ft, purpose built factory on the edge of Sheffield.

Our range of products is wide from basic hardfacing consumables through to complete tool assemblies for directional drilling. We use many innovative manufacturing processes in an environment of continuous improvement. Computerised systems are used through out the factory from order processing to manufacturing and testing.

Our engineering resources include the latest C.N.C. equipment, backed up by digitally-based design and draughting facilities.

The export market has always been of great importance to Cutting & Wear. Over 50% of turnover is exported to more than 50 countries. Our export efforts were recognised in 1991 when we were awarded the Queens award for Export Achievement.

We gained approval for ISO 9002 in November 1993 and have continued development of our quality systems, gaining API Q1 accreditation in 1995.

The Company regularly exhibits at oilfield exhibitions at home and abroad as well as visiting its overseas markets.

[dozey1] 29/4/2013 11:17

Latest announcement at

"This new superabrasive coating will enable drilling tools to operate at peak performance in highly abrasive environments where current technologies fail. The Company has signed a mutually exclusive five-year supply agreement for its use in oil & gas applications with hardfacing specialists Cutting & Wear Resistant Developments Limited of Sheffield. This is an addition to the latter's range of hardfacing materials."

Philip Kirkham, CEO of Hardide plc said: "This is a major step forward in coating technology and hardfacing materials. This is also a potentially game-changing breakthrough for Hardide as we will be the only producer of this type of advanced superabrasive coating. We believe the market opportunities to be extensive as the need for hardfaced tools intensifies as the oil and gas industry explores in ever more remote and challenging areas with deeper and more demanding drilling conditions. We also see opportunities for this new coating extending into mining, construction and other extractive industries."

Let's hope this will indeed be a game-changer. Enough for me to have taken a small position.

[electronica] 24/4/2013 10:05

ST

No ........ not invested here.

I follow Hardide because it is on the acquisition radar of a company that I do hold. They won't be phased by today's Trading Statement & a lower price makes HDD more attractive.

BTW - they also looked hard at Total Carbide & determined that it was overprioed.

[simon templar qc] 24/4/2013 09:56

Electroica, no actualy look at HDD market cap and to sales and EKT market cap to sales!

Just the opposite on valuation.

Don't tell me you are invested here!!!!

[nigthepig] 24/4/2013 09:49

Undervalued by a massive amount, after the drop today.

[electronica] 24/4/2013 09:43

Simon T

A lot like Elektron (EKT) then.

[simon templar qc] 24/4/2013 09:29

Overvalued by a massive amount even after drop today.

[chrisgail] 24/4/2013 09:16

Market Cap 2 times turnover, increased overheads, new employees, profitability negligible, or, negative, and lets face it the outcome will be negative, target share price 0.4p

[gary102] 24/4/2013 08:43

"buying opportunity for those with belief and patience"

I've had both of those for the last 6 years it hasn't got me anywhere with these shares....

[maurillac] 24/4/2013 08:35

nasty hit today to the share price buying opportunity for those with belief and patience.
m

[lateralam] 24/4/2013 08:21

Marvellous! More cheap shares for me please. Many thanks.

[j777j] 09/4/2013 13:43

Couple of 1 million buys today.Tax selling over?

[lateralam] 14/3/2013 15:08

Good work Mike, sensible to slice at this price. I've got all mine in my SIPP, so intend to hold for many moons. I've been invested here since the shares were at 0.5 p and believe strongly in the product itself. I like the fact too that they focus on the product and growing the company and not pandering to shareholders! My kind of firm!

[spike_1] 14/3/2013 09:56

FYI: thanks to another BB contributor asking HDD, it would seem there will not be a trading update. It would seem they only put them out as an exception rather than standard practice.

500,000 of the selling this morning was mine as I desperately need the funding for something else (IOF).

I am a firm believer and my core holding of 1m remains intact and will continue to do so.

Best wishes - Mike

[lateralam] 13/3/2013 23:01

Thanks Mike :-)

[spike_1] 13/3/2013 08:25

Lat: there has been a lot of buying pressure of late and almost zero selling. I'm anticipating a trading update from HDD any time soon (doesn't guarantee there will be one). Last year we had one on March 5th. i.e. half way between Dec and June results.

Not much of an answer I know. From the AGM it was apparent that the business was definitely expanding and that they were talking to more and more potential customers. They have also increased and are still increasing their sales team.

Best wishes - Mike

[lateralam] 12/3/2013 21:21

I may be being dim here (although I've been away from Hardide for a while) any ideas why this rose 4.5% today??