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Agree 20p but 1p first!
Your guff is cheap gut rot
#followthesmartmoney
tp 20p+++
Hardide fully funded for the remainder of this year by which time they will be EBITDA positive.
Massive recovery potential in terms of SP appreciation. Get in now and I can’t see any losers.
Hardide had a cash call recently and will have another one later this year. Placing will be at 1p!!
So I was correct on the stakebuilding by Graham Cooley. An excellent pointer to this companies prospects. He will have done his DD.
I see this doubling minimum next six months. And it shouldn’t be forgotten they are looking for a new CEO. If Matt Hamblin is given it that means the strategy is clearly to be taken over by a large coatings company or similar which will be at at a very considerable premium to the current derisory valuation. Ridiculous valuation despite stale bulls moans and groans. People who bought in a lot higher will want some of their money back.
Just followed his example and used this opportunity to increase my holdings. Time will tell if this will have been a good idea!!. Rgds, S
Hardide TR1 from Dr Graham Cooley moving from 4% to 5%
Strong endorsement....
DDx
They just had a cash call
keep up
tp20p++++
Nice buy and tick up. Results in a couple of weeks which should provide some future guidance.
Don't worry a cash call will fix it, me says about 2p!
Very small article in todays Times, apparently Weir pumps are experiencing an increase in spare parts. Perhaps more grist to the mill?
467,000 shares snapped up today. That is 0.6% of the share capital in one day.
Graham Cooley had increased to over 4% last month. I wonder?
Whatever, it’s very positive. And I am very confident this will be higher than 6.25p in a few months.
I think there are just a few tired stale bulls here. For some it has been a very long wait and it’s hard to see the wood for the trees. But things are changing here at last.
The orders are coming and it will be a snowballing process.
It’s difficult to see where the orders are coming from if the end of HCP doesn’t produce some significant results. I suppose it’s perfectly possible that companies have decided not to change until they have absolutely no choice which would explain the, so far, disappointing returns from aerospace.
Havealot - yes I think you are a bit short on research!!
Your post is wrong on several counts. Firstly You are correct they are still well short in meeting current capacity. However, once orders ramp up from multiple sectors plus new products range on stream selling to other coatings companies (!) capacity will be hit sooner than you think.
Your figure of £10m revenue to hit profit is way off the mark. The company have already stated they hit profit at between £7m and £8m.
Also, aerospace applications have completed trials and they are now starting to take orders for a growing number of parts.
There is a very substantial HCP market out there which will now legally have to use new technology to replace it and Hardide are perfectly placed to meet this need.
The future is very bright with a new proactive commercially focused board and a new CEO to be appointed. In the meantime the interim CEO is doing a good job.
Lastly a takeover here is nailed on imho at a price substantially north of this ridiculous valuation.
Win/win
The problem is that it is not just capacity. They are having trouble filling their existing capacity. They have said £10m turnover will see them into profit, however they are well short of this at the moment. I am not sure how much hard chrome plating is out there to replace. Also airospace applications require extensive trials with little volume to follow. What they need is a new contract for a high quantity, small size product, but I am not sure that a product of this type would have used hard chrome plating in the first place because of cost. It is a long time since I did any serious reseach on this Company so I could be wrong here. My holdijgs in this company much reduced over the years. But I suppose things are looking a little better at the moment, but it is all relative I suppose.
Agreed. And what’s more - when and not if - this finally moves into profit amd shows growing sales it will be gobbled up by one of the larger coatings companies. Just a matter of time especially with this ridiculously cheap valuation £4.9m! Seriously? With Hardides advanced market leading technology. All this needs now is scaling up capacity which will be implemented by a larger company with the necessary capex.
Some buying today but I expect this to be much higher in the next 6-12 months min 15p
And this is 10p++++
On 15 March 2024, Innovate UK announced that Hardide was selected for grant funding, "New tungsten carbide electrocatalysts for resource efficient green hydrogen electrolysis (neWCat)
Collaborators:
Hardide PLC
Cranfield University
I can't recall seeing any Hardide announcement on the funding. In any event good news and it all helps. Look forward to more news on customer conversions, growing revenue and getting Hardide to safety.
We've done a fair bit of testing with airbus, 13 years, and about 8 years with Leonardo's. I'm not to sure about other aircraft companies - Not more years and years of testing - surly not!
Per the year end results announcement, "The EU and UK Reach regulations currently have an end date of April 2024 for the use of the toxic hexavalent chromium chemicals used in the production of HCP". The hard chrome plating phasing out in aerospace has been talked about by Hardide for such a long time. Well now the phasing out of HCP has happened when will we see the flood of aerospace orders for Hardide?
Interesting RNS. There was something mentioned a year or two ago re other coating companies. This is a cracking deal - not only are we making sales to competing companies but the first order has been supplied and we've got the whole of the 2nd half to add to revenue which is sorely needed.
Surely, at long last, we have an upward revenue situation. What could possibly go wrong???
26-Mar-24 14:16:55 5.50 26,678 1,467 O
26-Mar-24 12:34:00 5.60 26,678 1,494 O
Omg talk about short horizons! Lmao
Encouraging sales and new product news. Hopefully more to come!
Hallelujah, great to hear sales progress announced today. Look forward to hearing more progress over coming months. #fillupthefurnaces quickly!