Member Info for RichieRichie

Management continue to deliver on the plan. Recruiting more quality people. Just need to see those aerospace customers coming home!

Very high volumes today relative to normal trading. Will be interesting to see if this continues or understand the reason why. Good news on the new recruit and senior management team significantly strengthened over recent years. Recruiting top people bodes well for the future.

Onwards and upwards. All moving in the right direction. Market waiting for guidance on the timing and rate of growth. Looks to be EBITDA positive for the second half with a lot of growth options in US , aerospace and other emerging applications. Recruitment of business development people and timing of new furnaces all good signs. Look forward to improved guidance and visibility on the potential of Hardide.

Interim results planned for Monday. Wishlist 1) Maiden profit or at least EBITDA positive 2) Growth plans in US. Timing of new furnace and plans for second furnace. Business development resources/recruitment and updates on pipeline of work 3) Aerospace testing and timing for conversion of revenue 4) Product diversification (Diamond coating, industrial gas turbines, other engineering applications) 5) Marketing plans for both Hardide and the companies share price. Useful to have a results presentation.

Hang on in there everyone! Agree glacial pace frustrating but Hardide has never been in a better position. I am keeping religion on this one.

Great news. Well done management team. This means well on track to break even. Expansion from the US and aerospace to follow. Shaping up for an exciting future. Hopefully share price reacts.

Interesting development. I interpret this as a sign Hardide getting platform set for the bigger leagues. The aerospace background a very clear signal to help unlock the potential they see. A good sign Hardide can attract NEDs with the requisite experience/calibre. Recruiting new BD manager in the US, strong balànce sheet and now board changes all point to a better future. Hopefully we can attract institutions to start buying.

More confidence in US growth. Validates the decision to build the factory there and expand. Onwards and upwards.

Good spot. No excuses for Hardide not being on Bodycote's radar!

Healthy volumes yesterday and more recently. Hopefully this continues as a sign investors with deep pockets are attracted to story. Oil and Gas and growth in US market provides near term optimism. AGM statement confident on Aerospace but timing uncertain. Company well funded and hopefully can capitalise on this to convert more customers. Company definitely at an inflection point. Technology out performs other options and very close to break even. Operating gearing means incremental revenues all report to bottom line quickly. Should be happy days

Lionel, the fundraising was announced on 27 October. Nothing new today except the final tranche of the placement has gone unconditional. Hardide has approx £3.5m in cash less any capex which puts the company in a strong position. Agree trading over last few days has been unusual but world stock markets have been in turmoil. I personally think crazy to sell ahead of Airbus potential but appreciate some investors have different time horizons and some are getting tired of jam tomorrow.

Larger volumes than normal today at 3m shares or £50k. Important part of growing is attracting institutions, improving liquidity and avoiding such large share price movements on relatively small trading values and no news. The global stock markeya have been a bit in turmoil this week but no need to panic just yet!

Hopefully with AGM we can get an update on timing for Aerospace revenues or at least be distracted with further customer conversions. Aerospace a big catalyst to make an exciting story into an exciting business and hopefully a very exciting stock. At least Hardide well funded to reach this milestone.

2017 has been a good year for Hardide and shareholders. More customer conversion/diversification, revenue growth, Airbus accreditation, oversubscribed fundraising and doubling of share price. For those that have been invested for a while 2017 has been a good year. As we look forward to 2018 lots to be positive about. Whilst aerospace revenues will be an important catalyst, leveraging from US presence will hopefully bring some good news and take Hardide to break even. Demonstrating positive cash flows will open up debt/bond financing, new investors and hopefully a re-rating of the stock. Bring on 2018.

Confident statements by the CEO and Chairman. With £1m of new orders there looks to be a pathway to breaking even this financial year. Game changing potential with aerospace and leveraging from the US presence and company really at an inflection point. Like the comment regarding HVOF and risks of cobalt dust, albeit longer term. Hardide a great product and just need to start attracting institutional buyers.

Volumes of trading have been good all week. Hopefully trend continues as liquidity important to attracting institutional money which is important for rerating and getting the value reflected in the share price.

There was reference to a new oil and gas customer in the interims which suggests conversion times are getting much quicker. Commercialisation of technology can be frustratingly slow but Airbus approval, a US manufacturing presence and Hardide cumulative revenue in excess of £20m are all supportive of much faster conversion times. This is why we are at an inflection point because all revenue from now on will go straight to the bottom line and revenue growth will get much quicker. The two major shareholders are private and long term. This is a major bonus. Keep faith and religion as this is where it starts to get fun.

Call me old fashioned but funding growth and expansion is generally considered great news. Fund raising oversubscribed which is another good sign. Best technology and an excellent management team. 2 furnaces at 70% gross margin and a P/E of 25 equates to £35m of value or approx 2 pence per share. Well done. The high share count is a legacy of the greedy venture capital company which initially listed Hardide. I can't recall the exact amount but the initial IPO only raised a couple of million for the company. Current CEO cannot be responsible for things which were not on his watch. Brave decision to invest in US during a downturn which is now paying off. Bonanza of aerospace still to come. Market trading shows the smart money thinks this is a great deal and as the research note explains we are at an inflection point. Whoever thought the coatings industry could be so exciting!

Appreciate it has been a long wait but I always reconcile myself to Hardide being the best performing coating with unique attributes that HVOF and hard chrome plating can't match. More simply put in safety critical areas, extreme wear applications where downtime is expensive, complex shapes including internal surfaces or where other properties are required (anti galling or cobalt free) Hardide is uniquely placed and customers will pay for this technology advantage. There are many ways to commercialise Hardide including licensing, Joint Ventures or selling products so you are right to think about these options for increasing the pace of customer conversion. I always go back to Hardide being the best coating technology for certain applications which means Hardide will be a winner whichever route the company chooses.

I agree with you that commercialisation of Hardide for letter sorting should be much quicker. Hopefully Airbus a major catalyst to speeding up customer conversion and marketing. Hardide needs more wins in the short term so interested for an update on US drilling contractor that was referenced in the interims. Hopefully Hardide utopia not too far away but confident they are on the right track.