Member Info for TruroTrader

I have bought many shares in AIM companies that were high tech and unique. Many have failed such as Blinkx, Ceramic Fuel Cells, Viology DDD, Eruma plus one or two more. (Oh dear) The difference with HDD is the strength of the Board and it's long term determination. Look at the latest appointment's CV. Jan Ward has real credibility. In 2006 in bought my first shares for 11 Pence each. (Ah yes, they were the days!) Since then there have been a succession of new coatings and new customers. A tiny minnow of a company has an almost impossible task to deal with the complex, structured and risk adverse management and executive layers of big business which all do very good cover my arse exercisess . It is a massive achievement to get Airbuses' approval. We have finished the Airbus marathon and are now on the suppliers 10,000 Mtrs steeplechase. The long jump will be added later! I think the financial year 17/18 will be the one that makes it either in sales or contracts. We are so close.

Excellent 6 months report. Take out last years 6% one-off Commonwealth games revenue and you have a 10% revenue growth for this years first half. The recent three contracts plus the acquisition will add to this years figures and even more so to next year. This means that the two organic growth areas, Abu Dhabi and fastvein, have a good 12 months to start producing in order to continue revenue growth into the 17/18 year. Access locksmiths, which will be acquisition growth, will be cash hungry but with no real debt - hey it's affordable. Show me the downside. The good times roll. I am in love.

I believe the share price could double in the next 2/3 years. The current Market Cap is some 50 % of the last full years figures. The 3 significant recent contracts plus the acquisition mean that revenue will increase by some 2/3 Mil this financial year and some 5 mil next year. Add in some organic growth and a full year next year could see around 22 Mil. This is a 50% increase. Profits should also increase towards 1 Mil in the next full year. last year the dividend cost about 45K. Which means that that divi will be covered some 20 times by the next full year. With no debt to repay I would hope the divi increase will be substantial. Should this all come to pass then the company only has to have a Market Cap of 15 Mil for the SP to double. I can but hope!

A cracking deal - not only is it timed to dovetail into their financial year, mitigating Oils & Gas slow down, but further demand is expected. It is getting better.

In the first para of the release it states that the coating is available for consideration by Airbus's suppliers and Kirkham states that suppliers will select via their designers and further testing by them on specific parts will be carried out. This may repeat a drawn out process. Because the 8 year testing programme was drawn out by the speed, or otherwise, of Airbus I'm not holding my breath. However it gives a real credibility to Hardide and may well increase other sales in the short term. The last update about Westland was that they actually had specific parts in testing which may mean quicker sales. Sorry if I'm downbeat a little but I got here before Airbus was first announced and It's always seemed to be "jam tomorrow" However it is a really good xmas present.

Many thanks for the opportunity The acquisition of Access is a good move with real potential and hopefully an enthusiastic new board member. BUT 2 Miil shares as part of the cost is well over 10% of the issued shares. Q.1. Is this going to be the way any future acquisitions are funded? Q. 2. Bearing in mind the Chairman's high share holdings just how progressive are future dividends likely to be? I intend to stick with this for the long term - I originally bought Vigilant as they seemed to have a USP and with Fastvein so does CSSG. Thanks again

Thanks graham-wales, seems a good deal for both sides. I'm really encouraged by the locksmith acquisition as this seemed the Cinderella part of the group. If the new guy can build this up then we will fire on all cylinders. Should now be able to achieve over 20 Mill in annual revenue, if not in this year then certainly in the next one. Good solid steady progression which is the best way to build sustainable growth for the long term. Now if only I could say the same for Spurs!!

In the 2007/8 banking and credit crisis 2 families who then owned 51% put 50K into the companies bank account to allow the company to see through a dramatic loss of sales. I'm guessing that with the dilution of their holdings due to subsequent placing's they are the 38.7% The only explanation I can think of is that the market was aware of the 12 Mill deal before Friday and this was why we had the Wednesday hike.

This is almost 1% of the company which is a big bet. Hopefully a major bit of new business in the offing. Airbus I could love you! Could this be the reason for the Wednesday price hike?

I'm not to sure what exactly a 'framework agreement' is but this announcement means that in the last 4/5 months the contract wins amount to some 3.8 Mill of new annual revenue. Say 2 Mill is recognised in this financial year then the company is on track to produce a revenue approaching 20 Mill. The capital value has recently been about half of the annual revenue. If the cap value rises to 50% of the new revenue then the SP will also go up 50%. May not be by the year end in July 17 but possible by the end of year 2017. This is of course not allowing for future Fastvein sales which at long last seem to be growing. I originally bought Vigilante some 3.5 Years ago and at last the merger seems to be paying off - Happy Days!

As far as I am aware it's the catch(s) that holds down the pilots canopy so it's probably pretty low cost.

Thanks malkie for the link as I'd missed it before. By coincidence it exactly bears out ragamuffin's comment of Thursday. The presentation was 12 months ago but update the ref to Virginia and it could almost pass for this month. I have confidence in the Board and believe in the future but Kirkham and Davenport were defiantly not the Dynamic Duo. However we apparently operate in a conservative market so just lets hope that Airbus and Westland come on board soon

I totally agree with Rev Shep in that we are in a specialist field and can charge a premium price. This in itself is good but we have a further strength in that we have to purchase, store and manage almost no raw materials. It is this last point that I find almost unique. It gives the company an ability to allow the top line revenue figures to flow into the bottom line profit figures with relatively less reduction than many other businesses. In turn this means the company can concentrate on excellent admin. first class customer service and solid research. It just seems to be a real advantage to me.

last week I bought another 1K which registered as a sale. They guess whether it's a blue or a red by the price! I note Revshep2's comment about HDD not being aggressive in a search for profits. One of the reasons I originally bought into Hdd was it's almost unique ability to achieve mark ups. Apart from gas there is no need to purchase or store any raw materials. The customer supplies the goods, the company coats it and attaches an invoice. Simples! If the part then has a 3 or 4 times working life then you would think that you could invoice a similar price close to the original cost. Once you cover the wages, rent and rates the only other real expense is research which is a controlled expense. One other point, if the Airbus thing does come off then it looks an excellent opportunity to actually license Airbus to coat on their site. Now that is really cost effective. I've been here 9 years now and at last the customer base is diversified with, allegedly, some good prospects in test. I reckon the next financial year will be the break through.