We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
am not in here but not I don't think Canaccord are dumping, they bought/added in the placing recently ?
World of Pain
tp 5p
Every coin has 2 sides and you appear to focus on the negative side. That's your choice but not mine. Not too sure why you hold here but Hey-Ho, it takes all sorts.
It seems appropriate to pick out two sentences from your post.
“Similar with Leonardo …. they also wanted testing on their own rig but this was often prebooked for other tests.“
Which is more or less my point – if Hardide were felt to be important the testing would have taken priority over other tests.
“However all the companies would have been aware of the price range of HDD's coating before starting testing. “
But, from a shareholders point of view, it seems pretty clear that HDD have been undercharging for their product. To be seriously profitable they need to raise prices and we do not know how they determine their prices. Is it just inadequate financial management or maybe they do not have adequate pricing power despite being a monopoly ?
I first bought here in 2006 and I've covered every step of the way. Some aerospace companies can be both hidebound and bureaucratic. Just getting on to the approved supplier list took many years and inspections from airbus. They had to approve both the premises and also our production processes first - never mind the product! In addition airbus and Leonardo don't actually make most of the parts themselves but they are assemblers and so suppliers to them are involved. Fortunately our process needs little alteration from the original product specification but still all of them had to be involved. Similar with Leonardo and they also wanted testing on their own rig but this was often prebooked for other tests. If you want more detail you can read the relevant RNSs released at the time. However if you consider BAE Systems and Lockheed Martin they took, I think, around a year or so.
However all the companies would have been aware of the price range of HDD's coating before starting testing. We have no direct competitor and are truly unique so there would be no reason for us to reduce our margins. Our pricing power is secure.
However if you consider the length of time that airbus and Leonardo spent testing perhaps this, in fact, demonstrates the importance they attach to HDD?
Yes - I have considered. I can see no way that approval would have needed more than four years if Hardide were considered important.
Perhaps you could explain how an opposite view could have any credibility.
Hallo tbow112, Have you considered that the opposite may apply!
The extraordinarily long time for approvals surely indicates that the aerospace industry does indeed attach much importance to Hardide products and that, in consequence, the company will maintain its pricing power.
The extraordinarily long time for approvals surely indicates that the aerospace industry does not attach much importance to Hardide products and that, in consequence, the company will have little pricing power.
Hi Riche, What was the trust and confidence that was lost by the last Chairman? I most certainly agree that there were a slew of delays but HDD were passengers in the airbus(13 Yrs.) and Leonardo (7-8 Yrs.) protracted in house procedures. Covid was both unexpected and a worldwide disruption.
HDD is a bit of a guessing game/juggling act. One reason is the lead time of a year between ordering reactors and installing the and the aforementioned customer testing delays are another.
The turbine customers made quicker decisions, only some 3 years or so, but that was helped by HDD commissioning and paying for certain independent testing off their own back and making it available. A wise move in my book. However we now see to be getting out of the woods - onwards and upwards from now on.
one trade yesterday
Date Time Trade Prc Volume Buy/Sell Value
28-Oct-22 14:19:47 15.39 64 Sell* 9.85 O
I agree. Lost trust and confidence in what the previous chairman was saying. Fingers crossed the new chairman will bring back the badly needed trust and confidence and move Hardide to a solid footing.
While it is welcome news, a few years ago we would have seen a significant rise in the share price off the back of it. I think people are more cautious now - they’re waiting to see what the actual figures are.
This is a real shot in the arm. Just re-read the trading update released on the 13th. Because of the various delays last year that should translate into revenue this year I think we've got a record year on our hands. For me the proof of the pudding will be orders for new reactors - importantly the larger one!
One curiosity is that Leonardo was not mentioned in the update which was only a fortnight ago and as they've received the parts already they must have had at least an inkling?
Well done Hardide.
The next effort I think should be to have a word with Ronseal:-
The Ronseal Phrase
Originating back to 1994 the popular phrase 'Does exactly what it says on the tin' was developed when Ronseal employed London based advertising agency HHCL to create a campaign that without trying too hard would de-mystify our products.
Hallelujah! Onwards and upwards.
Well done Hardide on finally attaining the Leanardo approval. It has been a long time coming but hopefully we will now see some benefits and a steady increase in price. Continued good luck to all investors.
Big announcement today at 3pm!
Did someone mention M and A. Ha ha ha
Regards
RRJ
Indeed it is a great milestone - and it only took 14 years or so! Leonardo is some 9 years or so and I don't think we've actually done a gear box yet and it wasn't even mentioned !
However the newer applications that could be big such as Turbine blades seem to come through quicker but we've only got 1 larger reactor to accommodate the longer blades and it's some 12 months lead time for another one!
Not a lot seems to happen quickly with HDD. However, at long last, I do believe we are finally on a growth phase - it's just a question of time folks!
Hidden in the year end trading update, "Regular orders are now being received for components for the Airbus A320, A330, A380 and A400M series aircraft" Getting Hardide coated parts on flying Airbus planes is a great milestone for a small company such as Hardide.
Interim revenue of 2.7 Mill revenue means annual revenue of 5 Mill is not great but this puts pressure on the current interim revenue. Providing the delayed payments come in we need around 4.5 Mill I reckon. The tail effects of the pandemic is starting to drop off and our product is a money saver for the bulk of our customers so we should get increased production.
Perhaps this half year to March will set the scene for a record year towards breakeven next September? Dare to dream! is the illakes the interii
great tech...but
commercialisation unproven and with stock overhang and desperately weak market for tiddlers, tp 10p
Hi Richie - a good spot. Yes it seems pretty much a given that the coatings are superior to most other coatings but I'm not too sure why we're not starting to get the revenues up. O & G must be on the up and the planes are flying again plus the turbine blade coatings should perhaps have been increasing to name just a few. Fortunately as our revenues are largely US based the weak £ shouldn't be too much of a problem. We'll just have to play the long game for a bit longer I guess!