Hardide Share Discussion Threads

[rogerramjet] 04/12/2013 10:04

I wondered the same ansc

[ansc] 04/12/2013 09:44

I wonder, seeing as the share price didn't react, whether that 3.5m sale marked yesterday morning was the final 'unwinding' of a prolonged sale order?

It's good to see that management are ambitiously and confidently looking forward:

Hardide PLC ("Hardide" or "the Group" or "the Company") - 04 December 2013

Hardide aims high for prestigious Nadcap approval

Hardide Coatings Limited, the UK operating company of Hardide plc (AIM: HDD), the provider of advanced surface coating technology, has begun a programme of work aimed at securing the aerospace industry's prestigious Nadcap approval within the next 18 months.

The accreditation will take Hardide Coatings' systems and processes beyond those required of the currently held AS 9100 Rev C and will place the company in the top tier of global aerospace suppliers for manufacturing quality.

Nadcap (formerly the National Aerospace and Defense Contractors Accreditation Program) is a globally recognised award managed by the aerospace and defence industries to recognise excellence in manufacturing quality products through superior processes. Increasingly, it is being seen as a mandatory requirement for key suppliers to aerospace OEMs (original equipment manufacturers).

Philip Kirkham, CEO of Hardide plc said: "We have products in development and testing with several of the biggest names in the aerospace industry and while we are not currently required to have Nadcap, we want to be Nadcap-accredited at the earliest opportunity as this further enhances our reputation with customers by bringing our quality systems and controls to what will be world class levels."

The programme of work leading to accreditation is expected to be completed by the end of 2014 and forms one of a range of preparations for future aerospace business.

[ansc] 29/11/2013 12:31

A 1.0m+ buy (@ 0.93p) marked this morning, share price didn't flinch but if it had been a sale the price would undoubtedly have dropped!

Online prices currently 0.9001p/0.92p so all other 0.92p marks indicated as sales are, surprise, surprise, buys. Who's trying to kid whom?

[ansc] 26/11/2013 14:06

A cute move by the Mingy Machs to (a) close the bid/offer price to just 0.01p - for an illiquid penny stock, that must be almost unprecedented - and then (b) to drop the price to its overnight level just after my post this morning.

So now any trades at 0.91p are sales and those at 0.92p are buys (even though the marks get indicated as sales!).

[spike_1] 26/11/2013 08:08

THat 0.955 is a buy

[spike_1] 25/11/2013 19:36

A little while ago I went and had a look at the 'works' after the last AGM. I was surprised how un 'high-tec' it appeared. And management seemed un-dynamic and ordinary.

However,

whilst there we got a chance to see the 'production line' and there being coated were what appeared to be compression blades for a jet engine (they may have been for a steam turbine?) but either way, we are talking a serious contract (RR?)... sooner or later.

I bought back in today. And I know at this price I will make money - eventually.

This time next year Rodney ...
Best wishes - Mike

[chrisgail] 25/11/2013 09:53

For several years 'extended testing' has been carried out for various potential customers, it seems none of these has resulted in meaningful work. The cash will run out again, further dilution will occur. I accept as part of a much larger group, eventually this product may become viable, the question is at what value will Hardide be sold at? Ask yourself, if you wanted to buy the technology would you buy now at £10m, or, wait until the cash has run out and buy at £2-3m. or, of course wait for insolvency and pick the technology up for a song?

[ansc] 25/11/2013 09:40

Obviously disappointing and it makes you wonder how the Mingy Machs somehow managed to get wind of these results yet again which explains fully their apparent 'generosity' during the last couple of weeks.

However, if an investor bothers to read the chairman's 'Business Review' (and not just the headline-grabbing loss), they'll soon realise that all is certainly not gloom and doom. As the chairman points out, prolonged but essential testing is required for crucial components which means that orders from potential new customers are inevitably in the pipeline for extended periods; a delay which is beyond the company's control. Extra sales staff have been recruited which is hardly signalling imminent disaster.

Disappointing yes but I'm willing to sit back and wait.

[lateralam] 25/11/2013 09:29

Ahhahaha! Excellent. I'm a very long term holder of Hardide. This is totally down to the technology. As an engineer, I can see the huge benefits their processes bring to the companies they work with. Particularly in light of the growth in fracking.However, the testing of these things take a very long time to come to fruition.I'm always happy to have a chance to pick up more shares when the price drops. My timeframe on this one? 3-5 years. One to buy and tuck away, until one of the big boys pops around for a cuppa and a little chat about buying them out. Nice.

[dozey3] 25/11/2013 09:12

Here's one who won't be piling good dash after bad. It's a disa a a a ster.

[chrisgail] 25/11/2013 07:54

Another woeful set of results, no growth, only one meaningful Customer, no real chance of growing profitability and as ever the prospect of cash running out yet again. The good news there seems to be plenty of investors who think this Company is worth £10m so they will pile more good money after bad..........in never ending hope. What is Hardide really worth? 0.2 - 0.3p IMHO.

[ansc] 22/11/2013 17:12

I am completely flummoxed, what is going on? Another strong day of buys - assuming all the 1.12p trades were buys (one of them was mine) rather than sales as indicated - there was again a net advantage to buys this time of 1.3m yet the share price didn't move an iota.

I've made an attempt to calculate the marks over the last six trading days, not easy with the tactics employed by the Mingy Machs to confuse investors. Unless I've made a horrendous error along the way somewhere, there has been a net avantage for buys of c. 9m shares during which time the share price has actually DROPPED!

Confused, my mind's boggling! The only certainty is that the results announcement is creeping ever closer, let's hope we don't have to wait too long to know our fate.

[ansc] 21/11/2013 17:01

With that 1.25m trade just before the close (down as a sale but in reality a buy), I make that just under 4.0m shares bought today against 30k sold.

I don't know what game the Mingy Machs are playing, but something has surely got to give soon!

[ansc] 21/11/2013 13:45

That just goes to confirm how devious Mingy Machs (or was it your broker?) are, at best should have been 1.12p.

It's still a mystery to me why the price hasn't flinched. Adding in yesterday's buys, 3.5m shares being bought should surely have caused some sort of reaction. After all, it didn't take that number of shares sold to bring the price tumbling down a week or so ago.

[escapetohome] 21/11/2013 12:57

So I overpayed by £44

[escapetohome] 21/11/2013 12:54

Yup its me this is the quantity 220,264

[escapetohome] 21/11/2013 12:51

Probably me - I just bought some - invested around £2,500 for my Sipp through AJ BEll - I ticked the at best button and then accepted. I dont know the prices of the different broker offerers to take a lower price.

[ansc] 21/11/2013 12:35

A 220k buy mark just now at 1.14p but my broker's online price is still 1.12p ..... odd.

[ansc] 21/11/2013 10:38

Following the 1.0m trade just now, I make that c.2.7m buys this morning - 1.12p is still on offer. Either the Mingy Machs are unwinding a substantial sell order or the price has to move.

[ansc] 20/11/2013 21:22

I can confirm that, far from what appears to be the case, the only sale marked today was the last one for 20k; the other three (totalling 650k) are all buys.

[rogerramjet] 19/11/2013 13:03

Constant big sells. That's all really. Just waiting for news and waiting and waiting and waiting and waiting .... every day waiting and waiting and waiting. ...I need a life.....

[swong21118] 19/11/2013 12:56

Keep falling, why? :(

[greg the grinch] 14/11/2013 15:53

waiting for airbus liftoff

[greg the grinch] 14/11/2013 15:52

from a fund manager



"Hardide +24% one year (equity)

Again, this is a long standing investment, and our investment is primarily held through a convertible loan with an 8% coupon. It has a conversion price of 0.45p, and dates back to a turnaround plan which we helped to fund during 2008 and 2009. The company has proprietary technology for the chemical deposition of tungsten carbide on steel, which provides a super-hard coating to surfaces not previously amenable to tungsten-carbide. We are hoping that the company's long planned entrance into the aviation market will finally come to fruition over the next year. There is a five year testing programme to go through to enter this market. If approvals are forthcoming as we are hoping for, in particular from Airbus, it would be a major landmark for this business."