Member Info for RichieRichie

Oil price continues to strengthen. Brent now $67/bbl. Hopefully green shoots for a return of the energy customers.

Keep the faith! Oil has had a good 4% rise to $65/bbl today and Goldmans predicting $75/bbl by Q3 2021. End of lockdown in sight. Bring on the aerospace...

Someone at the board should be fired for the copper hedging! It will cost shareholders. A big mistake

Delivering on operational promise and new customers required. Airbus is long overdue.... At least oil price higher than pre covid levels so bodes well for recovery in oil related customers. Incredibly frustrating time. The board decision to raise capital to increase capacity from 6 to 9 reactors (without customers or airbus orders) just looks stupid.

Baker Hughes drill rig count improving off a low base. Should start to see continued drilling restarts feed through to Hardide revenue.

Brent crude price steadily improving. Baker Hughes rig count positive. All moving in the right direction so let hope Hardide starts to benefit from the green shoots. The FTSE flying....

Oil now close to $52/bbl. Baker hughes rig count was 331 last Friday. On a positive note this is 50% up from the low in June of 220, but still 461 rigs fewer than last year. Drilling activity moving in the right direction which will hopefully feed into Hardide's order book
Let's hope they can rollout the vaccines quickly...

Brent crude over $50 barrel today. First time in a while...

Disappointment that Covid has put the business back by 12 months and Hardide has still not converted Airbus into any meaningful revenue. Airbus was technically approved 5 years ago and to date no meaningful revenue received. Reference to A320/A330 sales in H2 2021 and approval of the new facility in spring 2021 is all we know. The company has got to deliver on the customer conversions and continue diversification. On a more promising note the cash on the balance sheet looks sufficient for a reasonable forecast oas to when the global economy will recover which in my opinion will start in earnest in Q2 2021. Investor presentation on the website is useful.

Pre-Covid, Hardide was EBITDA positive, strong balance sheet, expansion to 9 reactors underway, multiple customers in development including aerospace. In January the company raised £2.5m at 63p. The Hardide coating is supported by tier 1 companies, coats parts HVOF cannot and performs better than the competition. Airbus still has a strategic aim to remove hard chrome from its supply chain and planes are still getting built. With the announcement of a vaccine the world will recover and Hardide's oil and gas markets will recover (much quicker than people think). I was very optimistic back in January and the Hardide thesis still remains, albeit delayed by 12 months. Big catalysts will be the announcement of long overdue Airbus orders and more customer/market diversification. In my opinion the share price reacting to more positive sentiment on Covid and this will continue.

Been researching where to invest. With copper flying, a safe jurisdiction, a simple project and potential game changing exploration i wonder whether anyone had come across Marimaca copper?

https://www.aero-mag.com/hardide-coatings-landing-gear-19102020/

I appreciated the update. Over the last 12 months Hardide has commercialised a lower temperature product (350C vs 500C) and with the new larger furnace have the flexibility to coat larger items. This is good news and presumably supports the statement, "Multiple test programmes for new applications are progressing strongly with customers in various sectors and therefore present encouraging prospects for new business in the 2020-21 financial year". It would be great hear when the company starts converting these new accounts - at a time when there is so much bad news great to hear of continued successes. The major oil and gas order in Q1 next year and a new Airbus order shortly a welcome sign.

New releases waiting for space on the Leonardo test rig for the past 3 years not really that inspiring! Various shareholders have run out of patience and selling at any price. Thank goodness Hardide's balance sheet was strong going into this pandemic. I just think the company needs to be doing more to demonstrate progress through these difficult times and keeping shareholders more regularly updated.

It would be good to hear of new customer conversions and production applications. Despite challenges there should be nothing to stop testing and approval of new customers and product applications.

The last news release on a new customer/contract was Nov 2019. After 10months it would be good to hear of continued progress commercialising Hardide.

Copper outlook is very attractive. Have a look at Marimaca copper TSX. Exciting times

Good to see some Director share buying today!

There was a webinar produced by Natap for the Farnborough Airshow. There were two sections presented by Hardide and the second one was on low temperature coating.

The video is available with Hardide presenting the ultra low temperature and superfinishing projects funded by Natep working with Airbus, Leonardo and other partners. The take aways for me are i) the broader range of materials that can be coated with low temperature coating (350C) vs conventional Hardide (500C) ii) the extensive technical collaboration between Hardide and the aerospace industry (in effect aerospace outsourcing their R&D to Hardide) iii) and the technical superiority and unique applications that only Hardide can solve. Fingers crossed we start to see this flowing through the revenue and filling all the new furnace capacity that is available.