Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi jolly - you've just found one. £3k at 31.74 is in my share account today (outside my ISA) looking to sell at 50p+. I'm looking at a quick buck without compromising my CGT too much. 31p will look silly in 12 months time!!
perhaps need to revise tp down...in absence of blockbuster newsflow
sub 30p?
another big dump
this time at 32p
for (probably) placee shares dumped @33p
Any more placees de-risking for their <10%??
tp 32p
Hi bestintoen, The Trading update said a large US based manufacturer so hardly Halewood. It also said further progress in the next few months.
I've mentioned before that I think that the consequence of 13 years of testing with airbus and the 8 years or so with Leonardo coupled with the testing that HDD itself commissioned from independent Labs seems to have shortened customers testing times. I was quite surprised that the current Gas Turbine order was in fact announced as a production order. it may well be a bit of an evaluation exercise but at 200k that's some 5% of last years revenue.
talking of speculation....could our EV manufacturer be Ford?
They've just announced that their plant at Halewood will be in production by mid-2024...some time away but, if and when confirmed, a good customer to have in the bag .....
Hi Secularist. You're quite correct re investment but we've only 58 Mill shares and a high margin. A token divi need not be expensive. Many PI's and II's will only invest in profitable dividend paying companies. A divi puts us on the radar of a whole slew of new potential investors which should ensure a higher share price anyway?
Hi AL180. I totally agree that the acceptance of new technology is the main cause of delay which I covered in my post. I think it's fair to say that we do have now (at long last) have a wide range of interested potential customers. With the current production gas turbine order and the imminent anticipated airbus tier one order to come I believe we now have not only interested potential customers but, importantly, we are actually converting them to sales!
Interesting times ahead!
Securing a safety critical application after years of testing has been the catalyst to rapidly increasing acceptance and contracts in the past. I have invested in companies before with superior technology and it usually takes a lot more time than anticipated to get customers interested.
Don't expect dividends for a few years. If demand takes off they will need to invest in more reactors. They have the space. Much better long term to invest in a profitable business than pay a dividend and miss opportunities for profit. Shareholders can take capital gains rather then dividends.
Hopefully the next good news is that the discussions with the EV manufacturer have borne fruit!
cos in absence of news placees will cont to derisk
Just been reviewing the last half year results and the consequent RNSs. Revenues for full year '20 and '19 were some 5 Mill. If you look at the position we are now in with vastly improved premises and more reactors we obviously have the capacity to really improve on those revenues. I'm looking at the progress with airbus and their suppliers since then and the newer gas turbine blade production order just received. If you couple that with the other testing and developments as in the updates then we are in for a record year. Depending on costs and possibly more reactors to order then there a real danger we might actually make a profit!
It would appear to me that the dozen years or so testing with airbus and the 7/8 years with Leonardo are time scales that belong in the past. EDF and the steam turbine blade testing may well be a year or two away but the other applications seem to come on stream much more quickly. Maybe perhaps it's because of the long years of testing and the track record we've built up.
Anyway profits for this year and divvy's the next?
Jollyspeculator,
I'm certainly pleased with the uplift and expect the sp to hold at these levels
But why are you a seller and how do you get a tp of only 32p?
tp 32p
Good to see the share price react to higher oil prices and recovery in demand. Would be great to hear of more contract awards, especially from the subcontractor to the subcontractor to the tier 1 airbus supplier. Just bring home the bacon... with or without jam...
Hi Roger - I think you're going to get some jam on your bacon! It is very encouraging that order increases are across the board. O & G is always going to be reactive to energy prices but our new markets are much more stable. Good level of cash and increasing orders mean to me that as we need to expand in our current facilities we have the wherewithal to do so. The question for me is:- will we make a maiden profit this current year?
Salivating like Pavlov's dogs... Hallelujah Leonardo has finished testing!
Still smelling the Bacon rather than eating it. Hope if absolutely delicious when we do get to eat it.
Your quite right Richie- delivery is due. Unfortunately for us the customer dictates the timing. Fortunately for us, like buses and policemen, three will come allonge at once!!!
PS or they won't!
It is about time the board and company started delivering on all the potential. 7 years ago Hardide video 14 April 2014, "Hardide on the verge of some huge opportunities". 4 months ago announcement Hardide on verge of long-term agreement with a large German tier-one supplier to Airbus. Please bring home the bacon...
If it doesn't happen before the results are announced we should at least get an update then! However it should boost next years figures anyway.
"A3: We’re very close to signing a long-term agreement with a large German tier-one supplier to Airbus for various A330 A320 20 components and they’re just waiting for some last minute details from Airbus to put into the agreement. "
I know we're all used to the glacial speed of dealing with Airbus, but I bet this contract is now going back and forth between legal departments. You think you're there, but then the contract comes back with an additional clause or a crossed-out clause that had already been defined as non-negotiable.
Oil price at $78/bbl and big increase in the Baker Hughes rig count today. The economy restart and restocking good for Hardide. Would be great to hear the Airbus Tier 1 supply contract is signed....