RE: Question about market size19 Aug 2018 12:21
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.