Hardide14 Dec 2012 20:01
Just realised that the last 2 reported trade on the 14th are from (12m) 12th and (5m) from 13th, not today.
Nice to see the rise today. People seeing the possible potential here. Companies are liking the results they are getting, hence the repeat orders. Formula 1, wow.
What now is going to stop us getting the aerospace orders? In testing with four other major aerospace manufacturers.
'but the majority of our valve sales are still to UK customers' wow, the world to go at still. Could be massive.
'EDF Energy is now evaluating the coating for other applications.' wow, not a back street company!
'Commercial success was achieved in coating titanium, with the first regular production order on a Formula 1 motorsport application. The directors believe that the success in coating this important but difficult base material for an exacting customer will open up a range of applications in other industries' wow, I bet they have been busting a gut to do this. How big could this be? Who else is/can do it?
'The Houston manufacturing facility remains hibernated with the plant in-situ and will remain so until demand and UK capacity are such that it makes economic sense to re-open. The costs of hibernation remain minimised and stable. A study was conducted during the year to determine the conditions that would allow the re-opening of the facility and the resources and timescales required to do so.' Reported by me earlier that a chap on Linkedin was working for Hardide and said what he was doing in Houston more or less. Was soon removed on Linkedin! Whoops. Is this due to a possibility that if Hardide get an aerospace order and Hardide UK has a problem then there is a backup scenario. Can't be doing with not making planes.
'The excellent safety record remains in place with no lost-time incidents recorded during the year.' Seem to have a tight grip on this. Well done Hardide.
'Lower dependence on a few large customers and total number of repeat customers increased by 45%' NICE!
Was there anything bad in the preliminary results?
Onwards and upwards. DYOR Best regards RRJ
Information taken from the preliminary results 10th Dec 2012