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Okay then, whose been letting people know about Hardide! Onwards and Upwards. Best regards RRJ
From the Annual report 2012 page 24 :- http://www.hardide.com/downloads/HARDIDE_ANNL_RPRT_2012-WEB.pdf I don't know any ins and outs of the below but it looks to trigger if the average market capitalisation of the Company reaches £15 million. I think the market cap is now above that but for how long is anybody's guess. Perhaps someone can enlighten me? DYOR. Best regards RRJ Incentive schemes for staff and directors In the past year there has been a bonus scheme in operation for executive directors and members of staff employed by the Company on or before 1st October 2011 and still employed by the Company at the Company’s financial year end. That bonus scheme was based on the achievement of certain levels of gross profit and cash, both being an improvement over the previous year. The maximum bonus will be paid to staff in respect of the year to the end of September 2012. With regard to share options, most employees participate in a share option scheme after completing their probation period: Except for the Chief Executive, the vesting criteria in place at the year end were that 30% of options granted are time-based and vest progressively over 3 years; 50% of options granted vest if the average market capitalisation of the Company reaches £15 million; and the remaining options vest if the average market capitalisation of the Company reaches £30 million. The market capitalisation vesting conditions, if achieved, override the time-based vesting. The Chief Executive’s share options vest 50% after 2 ½ years and 50% after 5 years. The Chairman’s share options have slightly accelerated time-based vesting terms compared with others in the scheme. This arrangement is in recognition of additional, otherwise-unremunerated work performed in fund raising during the course of 2009. None of the non-executive directors participate in the bonus scheme and Robert Goddard is the only non-executive director to participate in the share option scheme.
The below link offers more information than the RNS (29/1/2013) did about the £250,000 grant. http://www.hardide.com/documents/Hardide_Coatings_Smart_Grant_FINAL_290113.pdf Just a couple of extracts below from the document. This sound very interesting to me "an unprecedented level of wear and erosion resistance." and "and offer a level of durability and protection that is not currently available from any surface technology in the market." “Laboratory development has been underway for the last five years. The ‘Smart’ grant will allow us to establish a prototype manufacturing facility at our plant in Bicester, Oxfordshire and fast track the project to conclusion in two years.” The new material will complement Hardide’s existing range of wear and erosion resistant coatings and offer a level of durability and protection that is not currently available from any surface technology in the market. Philip Kirkham, CEO of Hardide Coatings, said: “The successful completion of this project will produce an innovative new coating and hardfacing material that will offer users of drilling and downhole tools for the oil and gas industry, as well as mining and construction equipment an unprecedented level of wear and erosion resistance. It has the potential to unlock new drilling and cutting capabilities which will be of extremely high value to users. As always DYOR Best regards RRJ
Nice. If Robin Hood were to buy a bow he would consider one from Hardide. There are that many strings on it he could wipe out an attack on his forest in a couple of twangs. imo! Best regards RRJ
What are all these corrections about? Can't they organise a PXXX up in a brewery. Or is it me not seeing the big picture? best regards RRJ
Can't blame anybody for wanting some of the shares in Hardide IMO. Some person/peolple are after them. Best regards RRJ
Nicely up this morning. Hope it lasts. Best regards RRJ
I can't put my finger on the rise but I'm enjoying it. It does't seem to be taking much either which I have not seen before (well perhaps once). Most BB would be buzzing by now but nothing at all here on the main ones. Don't know if that is a good or bad thing. Best regards RRJ
New news Hardide CVD coatings for mechanical face seals. http://www.hardide.com/hardide-news.htm Is this something new or previous known information consolidated nicely into a more informative document? Best regards RRJ
Something moving now best regards RRJ
The major holders on the Hardide website has been updated. Can't remeber what they used to be though. Comparing to the figures on the tdwaterhouse (as was) website they have changed from what they were. Have to take into account the extra shares in Hardide so percentages will be different! Best regards RRJ Who has all those shares to be traded at once? Can't believe it will be a PI. I have no idea though. Do your own research.
Okay - What's happened at the end of the day? BIG trade sizes. Find more than anything it don't half mess up the volume charts! can't see the normal volumes because of these big trade spikes. Guess we will have to wait and see what happens tomorrow. best regards RRJ.
Check this out. Good stuff this Hardide coating. http://www.hardide.com/documents/EDF_Energy_Press_Release_FINAL_100113.pdf Best regards RRJ
happy new year. What a nice start. Anybody have any idea why, apart from what a nice company with potential? Best regards RRJ
Some taking a pay day from the recent rise? Good on them if they are. Merry Christmas. regards RRJ
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
up bright and early tomorrow. hope its a good un. best regards RRJ.
Vigneron thank you for getting back to all of us. Does your post on the 3rd of November still stand or should it be edited? I would like to think that if a tier one supplier to the aerospace industry takes Hardide on board that we will be told in an RNS as that would be big news. as always DYOR. Can't wait to here from you again as you seem to have access to information more than me. best regards RRJ
You wait for a share trade then for apparently no reason a bus load comes at once. LOL. Can't work it out. The mind boggles. Theres a lot I'm not privy to I think. Hold onto them handles bar it could be a white nuckle ride again. Best regards RRJ
All I wonder how much of an influence the British Bulls 'SELL' advice is? (britishbulls.com) I am presuming here but I guess the 3 million sell won't have help. Best regards RRJ DYOR