Member Info for RichieRichie

Great news. Look forward to revised revenue, earnings and share price targets to reflect all this recent good news. The size of the prize is large, don't sell this on the cheap.

A380 and A330 wings are made in Wales. Brexit proof as well!

According to Airbus, the deliveries of A330 series approx 10x more than A380 series (239 planes). This is however dwarfed by A320 series at 9,031 planes. Allowances have to be made for different wing sizes and number of compression pad flaps. In the absence of any financial guidance from company trying to estimate what this means.

This is pure conjecture but assuming 20 pads per A380 and replacement every 5 years this equates to 956 parts a year at £200 part equals £190k revenue per annum. Assuming 14 pads per A330 and replacement every 5 years plus 120 new deliveries a year at £200 equals (2,135 / 5 × 14 + 120 × 14) × £200 = £1.5m per annum. Assuming 10 pads per A320 and replacement every 5 years plus 600 new deliveries a year at £200 equals (9,031 / 5 x 10 + 600 × 10) x £200 = £4.8m!

Even if I was wrong by 50% it starts to show the potential here. Exciting times ahead

Great news and more to come. Look out for new furnace orders and more aerospace news. Share price far too cheap given the opportunity here. Hardide well capitalised so no more dilution. Revenue largely US and UK based so fall in sterling favourable for Hardide. We have all been patient and hopefully reached an inflection point when revenue growth accelerates and given high margin this substantially reports to the bottom line. Don't sell out on the cheap.

Keep well away from any company backed by Apollo group. Never built anything and modus operandi to try to flog before any serious development work starts. Only this time far too late and toxic.

Good news. At half year Hardide guiding to lower end of market expectations and now they are guiding to market expectations. Anyone know what revenue and EBITDA they are now guiding towards?

https://www.proactiveinvestors.co.uk/companies/stocktube/13970/turbine-protection-can-be-a-game-changer-for-hardide-says-boss-kirkham-13970.html

Building trust and confidence. All good stuff and supportive of building a brand that wins new contracts in safety critical applocations. Well done

Interim results presentation on the website. Reference made to Triumph Aerospace on slides 8 and 9. First time I have heard about Triumph but with revenues of $3.2 billion looks to be another high profile customer which further validates the quality of the Hardide offering.

Highly optimistic about the longer term outlook for the business! A very confident statement from the Board.

It has been a busy period. Points of note i) 9% higher revenue ii) Airbus commercial order for A380 plus other components in final stages of testing iii) US aerospace customer on the horizon iv) Low temperature coating variants and orders v) EBITDA broadly breakeven in 2H vi) continued customer and business diversification - Turbine blades, industrial diamonds etc

If/When Hardide approached for a take-out, hopefully the board holds firm and makes sure the acquirer pays handsomely for all the time and effort to commercialise a fantastic product with significant potential. My only real fear is someone nicking Hardide on the cheap.

Hallelujah. Interim results out also

https://www.youtube.com/watch?v=T9unJwbIa0g&t=1574s The attached video after 26 mins has some useful answers to your questions. Interesting comment at the end regarding expansion of the Uk and Airbus orders. The Uk expansion now in progress so lets hope the Aerospace orders follow shortly

My understanding is parts are loaded into the furnace during the day, the treatment process occurs overnight and then parts are unloaded in the morning. Prior to loading there are various pre-treatment processes and after unloading various QA/QC process. Based on revenue of £4.5m in 2018, a five day working week (260 days) and 5 operational furnaces, each furnace batch yields approx £3,500 revenue on average.

On Airbus, Hardide received Airbus Approved supplier status in March 2017, Nadcap approval in June 2017. Since then Hardide has confirmed in the final results 2018 that technical tests have been concluded and commercial discussions are underway with Airbus and other aerospace groups. I believe we are getting to the final stages of the process before parts are installed in flying aircraft/helicopters but lack of clarity on timing is frustrating. At least the balance sheet is strong and the group close to EBITDA positive so hopefully no more shareholder dilution ahead of understanding the size of the Aerospace prize. Hopefully the interims provide some more guidance shortly. I am keep religion on Hardide.

I can't comment about the lead time to new reactors. What is not acceptable is the company raising money for new furnaces and not installing them! In October 2017, Hardide raised £2.5m to fund 2x new furnaces in the US. The company has only publicly confirmed the installation of 1 of those furnaces after 18 months!
In March 2019, Hardide raised an additional £3.5m to fund 3x new production furnaces plus an R&D facility. i.e. capacity of 9 production furnaces plus an R&D facility. To my knowledge only 6 of those furnaces are operational. Hopefully Hardide can provide an update on timing on capex programmes as raising the money and not investing is simply not acceptable.

I am guessing interims will be released in 2 weeks; last year they were released on 14 May which which is good timing ahead of the Melio investor conference. I am predicting the company should be close to EBITDA positive given £300k of grant income over 18 months, continued revenue growth and opportunity to capitalise some of the growth related costs. Would be good to get an update on progress towards installing all 9 production furnaces and long waited commercial revenues on Aerospace. Business all seems to moving in the right direction and continued recovery in oil markets also a big plus.

A good video. Great question at the end which pretty much sums up my sentiment. Still a believer...

https://www.sharesmagazine.co.uk/video/hardide-philip-kirkham-ceo

A big day today. Hardide gained Airbus approval on 29 March 2017. It has been a two year wait.....

There are 3 furnaces installed in UK and 3 in the US. There are a further 3 production furnaces funded ( of which 1 is tall capacity) and 1 R&D furnace. Would be great to see these furnaces committed and more updates on Aerospace production orders. Looking forward to more updates on revenue growth.

Company has funded growth and divided share price by 40. Ok I was badly educated but must be lots of thick people. Either you believe in the growth or you don't. I would like to see Hardide going for it, investing in capacity and winning new orders. Bring it on!