Share Name Share Symbol Market Type Share ISIN Share Description
Hardide Plc LSE:HDD London Ordinary Share GB00BJJPX768 ORD 4P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 26.50 3,758 08:00:00
Bid Price Offer Price High Price Low Price Open Price
26.00 27.00 26.50 26.50 26.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 3.60 -2.93 -5.20 15
Last Trade Time Trade Type Trade Size Trade Price Currency
15:17:05 O 3,758 26.45 GBX

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Hardide Daily Update: Hardide Plc is listed in the Chemicals sector of the London Stock Exchange with ticker HDD. The last closing price for Hardide was 26.50p.
Hardide Plc has a 4 week average price of 26p and a 12 week average price of 25.50p.
The 1 year high share price is 42p while the 1 year low share price is currently 25.50p.
There are currently 55,875,645 shares in issue and the average daily traded volume is 1,893 shares. The market capitalisation of Hardide Plc is £14,807,045.93.
gb904150: Yes, although I'm surprised given that Andrew Boyce NED holds 12% and has been on the board and remuneration committee all that time. Then Patrick Evershed took a 6% stake last year. Some other HNW PI's own stakes of 3% or so. Yet all of them have tolerated this jam tomorrow story for 10+ years.....or 20yrs for some! It will be interesting to see what Robert Goddard does with his 471,532 shares now he has resigned as non-exec Chairman and who they bring in instead. He sounded positive on HDD as you would expect, so perhaps he thinks it's a long term hold at this stage. It just seems a very 'comfortable' business if you ask me. A great story, great IP, great process experience but a story spun for 20 years and funded by investors with very little measurement or scalability. I still don't think they are anywhere near to profitability and I cannot fathom how 41% gross margins are deemed acceptable for a product/technology like this. They will almost certainly be raising more money in the next few months and perhaps talking about this new investment in a 2nd large reactor. I'd rather see some figures on what % of reactor capacity is being used at the moment. A bit more transparency if you like.
gb904150: That's quite a funny directors talk interview. At the end of each of Philip's detailed answers....Giles goes and asks exactly the question that has already been answered! Not once but twice. I must admit the future sounds positive for HDD...but then, it always has! The ansaldo and Airbus work sounds great long term....but we're still miles from the profitability carrot that has been dangling for 20 years. I agree that the business is healthier with its more diverse customer base. But my main takeaway from that interview is that already....HDD are contemplating another large reactor at the new Bicester site. Those have a cost of about £1m and a 12 month lead time. Will the company then be profitable? What % of capacity are they at at the moment? Guess where HDD will be getting the money from for the new reactor? Not from their profitable operations that is for sure. I didn't love the cautionary note from interims on higher energy and raw material costs either. Is that the next thing? The Group is focused on sustaining and improving margins for the full financial year, but is experiencing already the impact of increasing costs of energy, process gas and other chemicals.
ansc: Resignation of Non-Executive Chairman Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, announces that Robert Goddard has informed the Group of his intention to resign from his position as Chairman of the Board. To ensure a smooth transition, Robert will remain as Chairman while the search process for a successor is underway. The announcement of a successor will be made in due course. Robert Goddard, Chairman of Hardide plc, said: "Taking account of my increasing commitment to other companies, I now have the confidence to step aside as Chair, albeit with sadness. I leave the Group with a strong and highly capable management team led by Philip Kirkham, and technical team led by Yuri Zhuk, together with a competent, loyal and eager staff. Hardide is an extremely well-managed business and I have high confidence in the prospects of the Group." Philip Kirkham, CEO of Hardide plc, said : "Robert has had a long and successful history with Hardide over the 14 years since he became Chairman. He has steered the Company through two recessions and a pandemic; culminating in good revenue growth and a stable financial position. The Group has been transformed throughout his stewardship due to his invaluable strategic leadership, expertise and diligence. Particularly, I would like to thank Robert for his support and guidance given to me over the years and he leaves with the profound thanks and best wishes from the Hardide Board and staff." "Here, here!"
gb904150: We should have interims to March 2022 coming out in a couple of weeks. I'll be interested to see the cash position and current cash burn. I figure they need revs to get to £6-£7m at 55% GM's to offset their cash burn and HDD are still some way off that. So I would expect interims to show cash down to a few hundred £k. Then shortly after they would do another raise. As much as I like the business, the IP, the process that has been perfected over 20 years I still don't see any scalability. I just see a management team with limited skin in the game, making slow steady progress but taking 20yrs of salaries in the process. From a profitability point of view, HDD are either massively undercharging for each coating or they need to be able to ramp up the number of parts they do. At least a doubling from current levels. Is that possible? There is always the potential of a coatings company being interested in them, but I think the interims will give the best picture of how strong a position they are in. On the sidelines for now, but I've held previously.
johnwise: 27-Apr-2021 Killik & Co LLP Mayfair, United Kingdom Patrick Evershed CBE (and family accounts) Bought 4.200000 Hardide PLC shares His track record in investment. "Patrick has worked in the City since 1997. Over the last 35 years he has been a unit trust fund manager, and for much of this time, he has been top, or near the top, of the performance tables. Between November 1999 and November 2004 the fund he ran was the top performing UK Unit Trust."
johnwise: Johnwise 14 Jul '21 - 12:27 - 174 of 177 Edit Bought Hardide again yesterday 1,608,123 @40 pence Killik & Co LLP -- Patrick Evershed CBE (and family accounts) Hardide PLC Holding(s) in Company Patrick Evershed CBE Patrick has worked in the City since 1997. Over the last 35 years he has been a unit trust fund manager, and for much of this time, he has been top, or near the top, of the performance tables. Between November 1999 and November 2004 the fund he ran was the top performing UK Unit Trust.
johnwise: 11/03/2022 7:00am RNS Number : 3857E Hardide PLC AGM Statement At the Annual General Meeting of Hardide plc (AIM: HDD) to be held at 11:30am today, Robert Goddard, Chairman of the Group, will make the following statement: "We are delighted that the first half of the year has started strongly with sales expected to be over 40% higher than the same period last year. Oil and gas demand is growing and our customers predict this to increase further in H2. Earlier this month we were particularly pleased to announce developments in the power generation sector with the first production set of gas turbine blades coated and delivered to Ansaldo Energia. The second set of turbine blades is due to be received later this month and further sets of blades are due to be received throughout this year. "Also in the period, first orders were received for coating Airbus A320 components, with regular demand for these due to commence in H2. Orders for coating Airbus A330 wing components are also due to commence in H2. Leonardo Helicopters reported the successful outcome of its transmission system test programme which included Hardide-coated components and orders for these are also expected to commence in H2. "The new larger reactor at our UK site is expected to continue to operate at high capacity as we continue to coat production sets of turbine blades for Ansaldo Energia. The Board believes that there is significant potential for further business from the gas and steam turbine sector as the transition to net zero carbon emissions gains pace. "The Board is optimistic that the increasing demand from existing customers and the high-volume potential of a number of projects will result in the Group achieving its previous upward sales trajectory. "Half year results are expected to be published on or around 10 May 2022."
marktime1231: Hmmm, fake news. HDD has delivered its first order of treated turbine blades to Ansaldo Energia. It hopes/expects to receive further orders, but hasn't yet. Contract Award was a false headline. This was a non-rns and was hardly worth a mention on twitter. HDD obviously keen to put some good news out there, what with the share price languishing around 30p. Fair enough, but this was a bit desperate.
marktime1231: Thanks to nick100 ... "For example, development is progressing well and at a swift pace for the use of Hardide-T coating on components used in the production process of lithium-ion (Li-ion) rechargeable batteries. These are commonly used in electric vehicles" So the line about EVs was not for vehicle components it was for tooling for EV Li-ion battery cell manufacture, I'm guessing it is Tesla. So Johnwise we understand HDD are not talking about substantial volumes of vehicle components. (Cue another anonymous downthumb and threats to filter). Nevertheless it is good to read how pro-actively HDD are going about marketing the benefits and potential applications of its coatings. Not just sitting back waiting for the benefits of deals with Airbus and Lockheed Martin, cleverly targetting future growth industries, listening to requirements and developing solutions. Already done the hard bit of investing in capacity, barriers to competition in place. Very happy with how HDD is being managed. The HDD share price is deflated but these are indeed what someone describes as bottom-draw shares, filed away for the long term.
marktime1231: The HDD share price making welcome progress while the rest of the market is struggling, someone has spotted the great outlook here.
Hardide share price data is direct from the London Stock Exchange
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