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Trying to add by taking the max offered without moving the price ;D
Https://hardide.com/aerospace-coatings/#:~:text=Hardide%2DA%20aerospace%20coating%20is,%2C%20fretting%2C%20impact%20and%20fatigue.
For anyone not familiar with Hardide who is doing the research and looking at reasons to invest this is the crux.
Time and again in independent tests Hardide coatings SIGNIFICANTLY outperform hard chrome in all its embedded uses. Aerospace, Renewable, Industrial and Petrochemical companies are evaluating as the use of hard chrome becomes obsolete due to environmental issues. It's one of the greenest companies on AIM with regard to reducing parts replacement due to wear and tear but totally overlooked as such......at the moment. The penny will proverbially drop when instos and Pen funds realize just how transformational the furrow is that Hardide is ploughing.... cheap as chips at this level.
Sisyphus - I 100% concur with your analysis. The H1 report was positive and encouraging fir the 2nd half and I am confident of a bullish trading update which is now due in the next two weeks (going by previous years).
Investing here is now ‘in the right place at the right time’. Very confident the SP has bottomed and there is considerable upside from here with the company getting close to profitability.
Also, and not least, the company is in an extremely strong position now to secure new business with the banning of hard chrome plating in the aerospace industry and this is now set to be a strongly growing part of their business.
Energy (representing 64% of H1 FY23 sales): total energy sales increased by 29%.
The energy, industrial and aerospace sectors in which Hardide specializes are all forging ahead and energy should give a good earnings boost again. Why on earth Hardide hasn't been picked up by BAe, RR or Shell I'm absolutely stunned as it's a perfect fit for a huge number of players. It's a ticking click for the upside one way or another. Chrome plating is becoming history and the compelling propositions here are absolute. Solid and could easily multibag from here.
There is a large order pending for the coating of turbine blades expected 'later in the calendar year'.. Would be nice if it was finalized before weekend but Q1 of next year us fine. Predicted £0.5m of savings this yr should bring figures in line with management expectations. There should be room for a good little update on increasing traction in the 3 main markets in which Hardide is active.
Just three today and all are sell’s but well above quoted bid price.
In previous years the year end trading update has been due anytime from now until early October. I am expecting it to be positive.
Agreed, I'm holding 60k at 11.6 av and larger holding in OCN as a short term assets well over MCap and probable near term crystallization move. Both look sound with Hardide having plenty of surprise upside. Why it hasn't been gobbled up as it hits cash breakeven really surprises me. There are plenty of cash rich companies out there who could absorb HDD rather than the numerous share buybacks around.
Built up a holding of 150k shares recently @ average of 11.4p. What I consider to be a rock bottom price as I believe this is now a firm recovery play.
Topped up again prior to next t/u which should confirm the traction outlined in the interims. The transition from chromed articles to more environmentally friendly alternatives continues apace and Hardides coating superiority is compelling looking at all comparators. Optimistic that cash flow and utilization stats should swing to cash positive soon and that one or two good orders post trials will reboot the climb and relate here.
May's interims were very encouraging on outlook....let's hope that has crystallized. I'm quietly optimistic of a decent upturn.
A trading update would be welcome as we approach year end. Something along the lines of, "lots of new customer orders, cashflow positive, on strategy to make shareholders lots of money" #fillupthefurnaces
Under £7m MCap 59m shares and a niche specialist. Do the research and you'll see the potential that is crystallising here. As directives to remove and replace chrome plating spread and Hardide offers convincing benefits this company should soar. Contracts with BAe for Airbus parts and replacements plus 'big' trials in green energy sector look excellent. Solid on its own but Hardide is a perfect fit for big oilers and aerospace.
All the arrows are lined up and pointing in the right direction. Time to DYR and join the express.
Should now be kicking in nicely....there are plenty of A320's out there.
The Hardide-coated components, which are critical to the operation of the flap mechanism, will be used on new-build A320s and as replacement parts for the existing fleet of aircraft as these are maintained. Initial components are expected to be coated in June 2023 with regular monthly volumes thereafter.
Invested here today having taken BCE profits. Hardide business is escalating in contrast to this nadir of a shareprice. Such a low MCap does not reflect the big upswing being seen in all aspects of HDD business. I am expecting a really positive t/u anytime reflecting a highly optimistic outlook.
Https://hardide.com/hardide-coatings-awarded-innovate-uk-funding/
By reference to Schlumberger, Halibuton, Baker Hughes recent results presentations driling service companies are very busy and outlook also positive. This is reaffirmed by various contacts who work at the above companies who also state a lot of drilling activity, especially in Middle East, Brazil, Guyana etc. Hopefully this translates into a healthy orderbook for Hardide. Would be great to hear that first orders are being processed for Gardner Aerospace and an update on the gas turbine blade order with the second largest manufacturer...
Https://hardide.com/hardide-t-mesh-coating-for-multi-layer-woven-mesh/
Good luck i think at 12.5 a fair buy . T
RR, I echo your sentiments. The key for me is in the Business Development section that states positive EPS will be achieved when revenues rise to between
£7.5mln to £8.0mln. This looks achievable given the existing operational capacity to generate £10mln revenue being currently used at 60% and the areas identified to find a further £3mln in sales. My only concern is financing which would struggle to absorb any future unforeseen negative events. I welcome current efforts to strengthen this area and, like you, wish to avoid a dilutive equity raise but with present high interest rates and tightening liquidity standards it might be the best option. This I suspect is what is depressing the share price.