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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!
Nothing to do with Carlsberg. Interesting reading from a presentation to the Society of Petroleum Engineers on erosion resistant sand screens, "Through a combination of design and the application of a CVD based tungsten carbide coating on the filter media, the coating resistance has been increased by 4x-6x relative to conventional premium sand screens and the acid resistance has increased by 10x. Statistical sand screen failure rates of high producing wells with fines production indicate a 25% failure over a 25 year life. When a sand screen fails the impact costs hundreds of millions of dollars (Their words not mine). Over 2,000 feet of the new screen have been installed in the Gulf of Mexico. Suffice to say that in any instance where erosion is an issue, or where workover opportunities are limited the more prudent well design would be to include higher erosion resistance screens". Engineers considered 10 other coating variants. Nothing came close to the coating performance of the CVD based tungsten carbide coating. The engineers are from Chevron and Chevron provided their consent to publish. Chevron has a market cap of $313billion. I am all for outsourcing research and development but seems inequitable when Hardide has a market cap of £10million. Like many investors I long for the day when Hardide delivers for shareholders. After all Hardide is probably the best coating in the world! Bring on Airbus, gas turbine blades, wire mesh screens, Leonardo helicopters and the many applications that have been in development for so long....
The only trade showing one hour after , and shows as a sell ( I must have bought under offer price stated )
The spread shows as 10% above .
Doubled up here just before 8.30am for 15.7p .
Been trying for a few days after last weeks stock market lows and margin calls .
Sold out of these 22nd August 2019 ( D ) for 75.5p that high reached again in October 2019 .
Bought them back 18/2/21 @ 27p the covid lows in 2020 16.5p , recovered to 41p May 2021 .
Thanks for the link niky, It just shows the lead times for HDD - 3 years to get to a point where we should start getting business. Not too sure when it will become meaningful business but as the song said "what's another year"!
Would be timely to get an update on i) revenue for 2022 ii) chairman replacement.
https://hardide.com/technical-information/application-notes/
I wonder when we can expect increase in sales.
An utter disgrace to launch this 'fund raising ' on a day of national mourning.
A fundraiser to stay afloat. It’s worse than you thought, Richie.
I'm unsure re energy prices or indeed gas and wage costs. However because of our USP and high margins we do have some wriggle room to both absorb and increase basic costs.
I thought the July update was a little down beat. While some things are going slowly nothing was made of the strong $ and surely O & G business is increasing? You would also think airbus business was building up a bit. The then lack of any news see's the SP slowly drifting down. Lets hope one of the programs in testing converts to sales soon.
Your silence says more than words ever could ;-)
Anybody else wondering what the implications of high energy prices might mean for Hardide?
https://hardide.com/hardide-coatings-achieves-nadcap-gold-merit-status/