Hardide Share Price (HDD)

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