Watch LIVE the focusIR May Investor webinar with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHardide Share News (HDD)

Share Price Information for Hardide (HDD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 6.75
Bid: 6.50
Ask: 7.00
Change: 0.00 (0.00%)
Spread: 0.50 (7.692%)
Open: 6.75
High: 6.75
Low: 6.75
Prev. Close: 6.75
HDD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AIM WINNERS & LOSERS: Sanderson falls as revenue and profit down

Thu, 08th Feb 2024 10:11

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

----------

AIM - WINNERS

----------

Touchstone Exploration Inc, up 21% at 55.60 pence, 12-month range 40.20p-95.00p. The oil and gas exploration company rises, after publishing drilling results of the Cascadura-2 delineation well. The Cascadura-2 delineation well was drilled to a total depth of 7,132 feet. The Cascadura-2 well is currently being cased and production testing is scheduled to commence in the third quarter of 2024 directly into the Cascadura natural gas facility. "The encouraging Cascadura-2 delineation well drilling results represent a great start to 2024. Cascadura-2 has proved up the concept of highly productive sands extending significantly to the east of our initial Cascadura discovery. We estimate that the well was drilled for under USD6 million on a gross basis, which further enhances the economics of this prolific hydrocarbon fairway. With this new data point we can design a multi year drilling program to fully develop the structure," says Chief Executive Paul Baay.

----------

AIM - LOSERS

----------

Hardide PLC, down 23% at 7.50p, 12-month range 6.02p-16.00p. The developer and provider of advanced surface coating technology says that in the financial year ended September 30 revenue rose 10% to GBP5.5 million from GBP5.0 million. Its pretax loss narrowed to GBP1.2 million from GBP2.3 million. Looking ahead, Hardide says it expects full-year revenue to be in line with financial 2023 results. "A slower than expected start to the year with a number of OEM customers de-stocking. This has more than offset ongoing growth in aerospace demand. The cost base has been re-aligned in mitigation," it explains. Also names Stephen Paul as interim CEO, effective from February 12. He will succeed Philip Kirkham, who is stepping down after over 11 years.

----------

Sanderson Design Group PLC, down 12% at 111.00p, 12-month range 95.31p-148p. Shares in the luxury interior furnishings company fall, following its trading update for the financial year ended January 31. It says sales fell 3.1% on-year to GBP108.5 million from GBP112.0 million. Underlying profits for the financial year are expected to be about GBP12 million down from GBP12.6 million. Looking ahead, Sanderson expects trading conditions to remain challenging in the UK and Europe.

----------

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
4 Jul 2018 17:17

DIRECTOR DEALINGS: Hardide Non-Executive Director Buys Shares

LONDON (Alliance News) - Hardide PLC said that Non-Executive Director Tim Rice purchased 550,000 shares at a price of 1.8 pence per share on Wednesday, which makes up his entire shareholding in in

Read more
14 May 2018 09:34

Hardide Interim Loss Narrows As Oil & Gas Rebound Boosts Revenue

LONDON (Alliance News) - Tungsten-carbide coating firm Hardide PLC said Monday its half-year loss narrowed as revenue rose amid a bounce-back in sales to its oil and gas customers and as its and a

Read more
9 May 2018 16:08

Amati AIM VCT Boosts Hardide Interest To 10.7% From 4.8% (ALLISS)

LONDON (Alliance News) - Surface coatings firm Hardide PLC on Wednesday said Amati AIM VCT PLC increased its holding in the company by just under 6% in a transaction on Friday last now has a 10.7%

Read more
4 Apr 2018 11:47

Hardide Interim Trading Outperforms Both Halves Of 2017

LONDON (Alliance News) - Surface coating developer Hardide PLC said on Wednesday that for the first six months of its financial year, trading was ahead of the first and second

Read more
20 Mar 2018 13:51

Surface Coatings Maker Hardide Appoints Two New Board Members

LONDON (Alliance News) - Hardide PLC said Tuesday that it has appointed Tim Rice and Charles Irving-Swift non-executive directors of the surface coating firm amid the of Jan -

Read more
12 Dec 2016 12:08

Hardide's FY losses widen as sales hit by oil and gas slowdown

(ShareCast News) - AIM-listed Hardide, which develops and provides advanced surface coating technology, reported a wider loss for the year to the end of September as sales took a hit from a downturn in the oil and gas market. The company reported a pre-tax loss of £1.46m compared to a loss of £207,0

Read more
18 Oct 2016 14:33

Hardide trades in line with expectations as oil markets subside

(ShareCast News) - Advanced surface coating technology company Hardide posted a pre-close trading update ahead of ts preliminary results for the year to 30 September on Tuesday. The AIM-traded firm said it expects to report results in line with current market expectations, with the second half seein

Read more
29 Sep 2016 13:13

Hardide Completes GBP1.1 Million Share Subscription (ALLISS)

Read more
9 Aug 2016 13:41

Hardide Raises GBP530,000 In Share Subscription (ALLISS)

Read more
6 Jun 2016 09:59

Hardide interim loss widens amid oil and gas downturn

(ShareCast News) - Hardide reported a wider interim loss as the downturn in the oil and gas exploration market takes its toll on the company. For the six months to the end of March, the AIM-listed surface coating technology provider posted a group operating loss of £624,000 compared to a £68,000 los

Read more
6 Jun 2016 09:37

WINNERS & LOSERS SUMMARY: Sportech Down As HMRC Pursues VAT Appeal

Read more
6 Jun 2016 07:10

Hardide Loss Balloons As Oil And Gas Weakness Halves Revenue

Read more
22 Mar 2016 08:47

Hardide To Miss Market Expectations On Oil And Gas Downturn

Read more
22 Feb 2016 10:08

Hardide confident on long-term prospects

(ShareCast News) - AIM-listed surface coatings company Hardide is confident about its medium and long-term prospects. In a statement ahead of its annual general meeting, the group said it continues to make good progress in diversifying its customer base. However, it said demand from the upstream oi

Read more
22 Feb 2016 09:25

Hardide Confident On Medium- To Long-Term Outlook As US Plant Ramps Up

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.