Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It has now been a year since the Reach regulations banning use of hard chrome came into effect. I was hoping this would be a catalyst for more revenue as option of Hvof does not coat complex shapes or internal services. Does anyone have any thoughts about this? Would be great if the company can provide guidance on this.
Great news. All moving in the right direction.
Refer to the Progressive research note on 17th Sept 2017 on the Hardide website. On page 19 there is an estimate of the coatings market at £20bn a year. This includes all forms of coatings not just hard chrome. The market cap of companies such as Praxair, Bodycote, Oerlikon all well into the billions provide me confidence on likely exit route for Hardide. Agree the company should do a better job of explaining the size of the prize. What is clear is Hardide not a commodity like Hvof and margins of Hardide demonstrate its performance and unique offering to end users. I am hopeful Hardide will be worth a multiple of market cap before an exit. An update on US and aerospace progress always welcome.
Link to new video in aerospace and website includes a strapline of key customers. These are high profile groups which validate the technology. Exciting future ahead. My opinion a question of when and not if.
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.