Member Info for RichieRichie

The Hardide website simply refers to Interim Results in May 2025. Has Hardide released a definitive date for Interim Results or is it just a case a waiting this week or next week?

Couldn't agree more. Greenstone II reaching end of fund life and Serabi is a pimple on Falabella's backside (Fratelli is part of the family office behind the Falabella empire) from Chile. I can't speak for both investors but would guess this is just normal portfolio management and not a fundamental problem with Serabi which continues to grow from strength to strength.

With all the global news and uncertainty at the moment it would be great to hear more contract wins for Hardide. Another £1million of revenue (I.e. growing from £5.5 to £6.5million) will make a huge difference to the resilience of the business. We could all do with some good news!

I had to look up the definition of a pauper, "a very poor person". Fingers crossed for Hardide accelerated revenue growth so I (and anyone associated with Hardide) no longer remain a pauper!

I had to look up the definition of a pauper, "a very poor person". Fingers crossed for Hardide accelerated revenue growth so I (and anyone associated with Hardide) no longer remain a pauper!

The refreshed board and management have taken steps to reduce breakeven to £5million of revenue. I don't know what expectations are for FY 2025 but based on a half year revenue of £2.7million plus £0.5million of new aerospace work, my conjecture is revenue of £6million for FY 2025 (Subject always to unexpected customer destocking or loss of demand). At such revenue levels Hardide is a going concern and hopefully we have seen the last of the massively dilutive equity raises which were the hallmark of previous chairman. Hardide feels a better investment under the refreshed board and management and only time will tell whether they can accelerate revenue growth. Looking forward to more announcements on major contract awards for all involved.

Good to see some solid Director share buying. After reflecting on the results, there is a lot to be optimistic about i) cash flow positive and growing cash position ii) costs and revenue breakeven much reduced and diversified over different industry segments so business a lot "safer" iii) refreshed board and management with a refreshed commercial approach to revenue generation. Bolt on the blue chip customer (Airbus, BAE, Chevron, Leonardo, Schlumberger, Weatherfood, Graco) and the market cap will adjust rapidly as the turnaround continues bearing fruit. And with all Trump tariff talk good to have a US production base, so coat baby coat!

On one hand, grateful for the new chairman and management team turning around Hardide, getting the business to safety and generating cash flow. I am sure they will get to grips with growth. On the other hand livid paying restructuring costs for the previous CEO £400k (and inept Chairman) for almost bringing Hardide to the brink of collapse. Fingers crossed the new team continue the turnaround with Hardide.

Great news regarding supply agreement. Let's hope this is the tip of the iceberg...

Credit to the new Chairman for refreshing the Hardide board and management. Hopefully there is now a platform on which to grow revenue and cashflows.

It is early days but it is clear the change / refresh in Hardide's board and management was the right decision. EBITDA positive trading of £0.4m, 15% EBITDA margin and cash break even at the year end is a major step forward to getting the business to safety. Hardide has a well capitalised asset base and the operational gearing is attractive. Under new leadership there are some green shoots and I am still a believer.

Would be great to get an update from management on progress now that the new financial year has started.

It has been 6 months since the refresh of Board/Management and 3 months since the CEO came on board. With the exception of the ready coated components there has been very little in newsflow on new customer revenue. As we approach the year end it would be great to hear progress and confidence around going concern.

I have not seen much by way of progress update on Florence Copper for 6 months. It would be good to see progress updates on well field drilling, earthworks and SX-EW. Florence Copper should be a game changer if successfully delivered and operationally ramped up as per expectations.

Since the launch of coated nozzles in March it has been quiet. It would be good to hear progress on customer conversions and the new leadership bringing home the bacon. Great product, platform established and impressive list of customers so still have faith. It will be great when Hardide has got to the safety of cash generation.

I agree. Refreshed commercial approach and new leadership very welcome. Fingers crossed more customer conversations and revenue growth continues strongly. We only want good news from now on!

On 15 March 2024, Innovate UK announced that Hardide was selected for grant funding, "New tungsten carbide electrocatalysts for resource efficient green hydrogen electrolysis (neWCat)

Collaborators:

Hardide PLC

Cranfield University

I can't recall seeing any Hardide announcement on the funding. In any event good news and it all helps. Look forward to more news on customer conversions, growing revenue and getting Hardide to safety.

Per the year end results announcement, "The EU and UK Reach regulations currently have an end date of April 2024 for the use of the toxic hexavalent chromium chemicals used in the production of HCP". The hard chrome plating phasing out in aerospace has been talked about by Hardide for such a long time. Well now the phasing out of HCP has happened when will we see the flood of aerospace orders for Hardide?

Hallelujah, great to hear sales progress announced today. Look forward to hearing more progress over coming months. #fillupthefurnaces quickly!

With the AGM coming up it would be timely to understand what Hardide are changing to unlock the revenue growth. Refreshed culture, strategies, short term revenue, new partnerships, entreprenuiral drive. Really would be great to hear what is changing to unlock the potential before Hardide simply runs out road.