Hardide PLC - Oxfordshire-based advanced surface coating technology - Says it is in "sound" financial position after recent fundraising and trading remains largely stable around the same levels seen in the second half of last year.
"The board expects recovery in demand, particularly from the oil and gas sector, to accelerate in H2 2021. The rise in oil prices to over USD60 per barrel, the encouraging increase in the number of working oil and gas rigs in North America and the increasing global demand for oil, gives us confidence that the beginning of recovery is underway," says Chair Robert Goddard at AGM being held on Monday.
Board retains positive outlook and expects demand will return and continue on the "upward trajectory" that was established before the pandemic.
Current stock price: 31.40 pence
Year-to-date change: down 1.9%
By Lucy Heming;Â lucyheming@alliancenews.com
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Hardide (HDD)