Member Info for LionelGreen

According to the RNS of 19 October (http://www.investegate.co.uk/Article.aspx?id=201210290700046490P), the name of the Company's Nominated Adviser and Broker has changed to Nplus1 Singer Advisory LLP ("N+1 Singer")

No idea, but the buying continues... And where is RichRich? No posts from him since mid-July...

An RNS from 8 October on the granting of share options to directors: http://www.investegate.co.uk/Article.aspx?id=201210080700061053O A reasonable number of shares changed hands in the last 2 days, but with a trade price midway between the narrow spread of 0.87-0.89 giving no indications (to us) whether they are buys or sells...

Just relaying the Regulatory News Service announcement of 30 March, quote "Hardide plc announces that its annual report and accounts for the year ended 30 September 2011 were posted to shareholders on 20 December 2011. Copies of the annual report can be viewed and downloaded from the Company's website at www.hardide.com"

Thank you, RichRich. As for the other more regular contributors, I appreciate the direct (and prompt) feedback. Just the one question, perhaps with the intent of keeping our assessment grounded in reality, rather than allowing our collective chats to take us to unrealistic expectations. I bought in in 2008 at just over 7p, although I've averaged down a fair bit with further buys at the end of last year. If we look at the director deals page, Messrs Zakroff, Davenport, and Goddard have (what must be classified as) modest holdings, a significant fraction of which were bought at around the 8p levels of 4-5 years back. My question is this: if the short-term prospects of HDD are indeed good (which I suspect, or at least hope), why did none of these directors (aside a still modest purchase by Davenport in Dec11) buy in at the sub-1p levels we have seen over the last few months? [noting that directors cannot deal with the "closed period" http://www.investopedia.com/terms/c/closeperiod.asp#axzz1lzi85afl] Any thoughts on this, anyone?

As follow up to my own post Thursday, I contacted Hardide directly (as suggested by RR), and asked for a clarification on the issue of director dealings in November 2011. The Finance Director has (promptly) replied that the Investors Chronicle information on additional director purchases in November is incorrect. That leaves us with the 900k purchase by the Finance Director, Peter Davenport. LG

RR, good suggestion! Will do so and report back - the other Share Chat members should also appreciate any clarification.

At the time of the placing in November there was some discussion on this ShareChat about who was participating. There was mention of a couple of institutional investors increasing their stake: see RichRich posts around 28 Nov, and also http://www.investegate.co.uk/Article.aspx?id=201111210700103899S If I look under Director Deals here, the only activity we see in the last year is Peter Davenport's purchase of 900k shares on 20 Dec 2011. This is shown also, e.g. http://www.investegate.co.uk/Article.aspx?id=201112201220233347U However (the point of my post) is that the Director Deals under the open Investors Chronicle pages (http://markets.investorschronicle.co.uk/research/Markets/Companies/Directors-and-dealings?s=HDD:LSE but free registration needed) states something very different: quote "Recent trading activity by directors implies that they are confident in the company's prospects going forward. In November they purchased a net 15,468,000 shares. This was substantially higher than the average for the last 36 months". I regularly use Directors Deals as a research metric, but I rarely cross-check different sources. Is the IC statement simply wrong? There would be a (very) significant difference in the perception of the company's future by the HDD directors if we trust the 900,000 listed here, or the 15 million under the IC pages...

Just for completeness, the following announcement appeared today. The amendment refers to the resignation of the previous CEO in August (well documented in previous posts). Otherwise it just recalls the preliminary results for the year ended 30 Sep 2011, which any new readers of this share chat might like to be reminded of http://www.investegate.co.uk/Article.aspx?id=201201111241183820V

... nice one, RichRich. I've certainly been more passive than active. You've had many useful perspectives, so please keep posting in 2012. Maybe you'll let us know your target for the year end!!! LG

Hardide's broker Brewin Dolphin has today circulated its first in depth (11 page) coverage. It includes some interesting material (background, prospects, key markets, financials, SWOT analysis, etc). Their fundamental view is "positive", and their rating is "buy".

The company broker was recently changed to Brewin Dolphin (see RichRich post of 22 Nov). Brewin Dolphin's research note of 21 Nov states: "The company has won major contracts from clients in the oil and gas and flow control industries and has a large number of projects underway with clients in these and other industries, which bodes well for future growth prospects. We will initiate coverage of Hardide next month [December], when preliminary results for FY11 are due." I imagine that this new coverage by the investment management and financial planning group should give some additional exposure to the company? By the way I bought in in '08 at close to 7p, and have (sadly) just held on since then...