REMINDER: Our focusIR Investor Webinar takes place TONIGHT with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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
25 Nov 2013 11:52

UK WINNERS & LOSERS: Airlines Soar, Oil Producers Slip After Iran Deal

Read more
25 Nov 2013 11:08

Hardide Swings To Loss, Revenues Decline

Read more
25 Nov 2013 07:59

AIM IN BRIEF: UBC Media Confirms Agreement To Acquire 7digital

Read more
18 Jun 2013 09:20

Hardide reports first half loss

Hardide, which provides advanced surface coating technology, reported a first half loss as turnover fell. The company posted an interim loss of £0.1m in the six months ended March 31st, compared to a profit of £0.2m in 2012. Turnover dropped by 18% to £1.26m from £1.54m, as a result of a major inv

Read more
18 Jun 2013 08:34

STOCKS NEWS EUROPE-UK small caps edge up, underperform blue-chips

The FTSE Small Caps Index rises 0.1 percent in early morning trading, underperforming a 0.5 percent gain on both the blue-chip FTSE 100 index and on the FTSE 250 mid-cap index. FTSE Aim All Share Index is flat. Share Plc, the holding company which operates UK stockbroker The Share Ce

Read more
24 Apr 2013 11:40

STOCKS NEWS EUROPE-UK small caps add 0.1 pct at midday

The FTSE Small Cap index is up 0.1 percent in midsession trade, in line with a similar 0.1 percent gain on the FTSE 250 mid-cap index but slightly underperforming a 0.2 percent rise on the blue-chip FTSE 100. Advanced Oncotherapy rallies 43.2 percent after its deal announced to acquire a CE

Read more
3 Oct 2012 13:05

Hardide appoints a Business Development Manager

Hardide Coatings, a surface engineering technology company, has reported a rise in its turnover in the oil and gas sector by 40 per cent in the past 12 months. In order to further develop sales in the sector, the company has appointed Martin Wainwright as the dedicated Business Development Manager

Read more
24 Aug 2012 07:50

Hardide to smash expectations

Surface engineering specialist Hardide said since its update in March, momentum has continued and it now expects revenue for the year to exceed previous expectations. The group, which provides metal coatings used for valves, pumps, oil and gas, aerospace and pharmaceutical industries, said much o

Read more
19 Jul 2012 12:07

Small caps round-up: Byotrol, sareum, KDD ...

Byotrol, an anti-microbial hygiene company, has continued to make progress and has maintained the momentum seen in the second half of last year into the current financial year. The balance sheet continues to remain strong and is well positioned to its objective of positive cash generation at the ear

Read more
11 Jun 2012 12:49

Small cap round-up: Intandem Films, 1pm, Hardide, Asterand

International film group Intandem Films has become one of only 10 companies in the world to secure financing via the California Film Commission (CFC) Tax Credit Lottery. The lottery is the name given to the annual selection of films and TV shows eligible to receive a tranche of the $100m allotted

Read more
5 Mar 2012 14:07

Small caps round-up: Angel Biotech, Energetix, Hardide...

Angel Biotechnology, a biopharmaceutical contract manufacturer, has announced that it is about to enter what the directors believe is an 'unprecedented period of growth', rendering a staffing restructure necessary. This has begun with the appointment of Dr Stewart White, who the firm says has alread

Read more
6 Dec 2010 14:55

Hardide slashes loss

Metal surface coatings technology developer Hardide has reduced its full year loss through a combination of higher revenues and lower costs. Revenues improved from £1.21m to £1.74m in the year to September 2010, while the reported loss declined from £1.82m to £507,000. Overheads were reduced by 30

Read more
1 Oct 2010 16:41

London close: Strong start to final quarter

The last quarter of 2010 started well for London's leading share index, with buoyancy in the oil sector helping to offset continuing economic worries at home and abroad. Manufacturing data was subdued. Footsie gave up some of its early gains after figures from the US showed Manufacturing grew at th

Read more
1 Oct 2010 14:56

London afternoon: Footsie back above 5600

The afternoon session has seen the Footsie advance confidently, almost regaining its high for the day which was hit shortly after 10:00am. A solid start by Wall Street on the back of better than expected spending data has helped sentiment this side of the pond. Oil giant BP is higher amid speculat

Read more
1 Oct 2010 11:56

Small caps round-up: Mears, BowLeven, Telecom Plus...

Social housing repairs and maintenance group, Mears, has paid £2.7m for Jackson Lloyd (JL), which mends houses in the North West. JL has an order book in excess of £80m and Mears expects the purchase to be earnings enhancing by the end of next year. Oil explorer Bowleven has agreed a revised optio

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.