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198 k shares vol - buys is £27 K , insider buying or just HNW group of mates looking for a ramp up? HDD is way under valued imo .
You ramp it lad!
This has to be a 'watch this space' now that Hardide has partnered with Gardner for the coating of Airbus components. Initial orders started June and Airbus wants to replace Hard Chrome plating on guidelines by end 2024. This has a decent ramp up of volume and profit written all over it and Gardner can easily assimilate Hardide ...at a price.
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.
........... so we should now have 4 month indicator of volumes. Looking promising.
The Hardide CVD (chemical vapour deposition) nano-structured tungsten/tungsten carbide coating was selected after extensive testing by Airbus and is replacing hard chrome plating (HCP) previously used on these components. This is part of a strategic move by Airbus away from the use of HCP as a result of the REACH regulations, which currently bans the production of HCP in the EU and UK from September 2024.
This is starting to look like a bid build......
Wow. Someone is very keen buying well above the ask at 15p
Certainly looking very solid today. Nice rise but as Sisy says still lots of upside with a positive trading update due. Quite excited by what they will have to say actually.
At last...people are actually DTOR and realizing just how cheap this little UK gems is with a trading update imminent. The interims wetted the appetite now let's see the traction.
This was always going to erupt at 11.5p and a derisory MCap given all the IP and contracts. Multibagger from here on.
MCap is so disconnected from prospects at this level it won't take much to lift the price. Fantastic value to outlook on all counts as the green lobby start to board the train. Overlooked and grossly undervalued.
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.