Member Info for TruroTrader

It was in 2008 that we started testing with Airbus. At long long last we've managed to jump through all the hoops thrown at us by Airbus. This is a fantastic achievement and a wonderful testament to the tenacity of HDD and the capability of the BoD.

I feel the Maldives calling!

Hi NiptSteve, I'm beginning to think there's little margin in the Boots offering for anybody else except Boots! There must be margin in both your purchases for them. Say Boots slice is £30 because they surely wouldn't sell the 2nd test for cost. So that means that out of the £97.5 you spent £37.50 has to pay for making 2 tests. Then getting them to boots and getting them back again. Then running the test and reporting the results back to the purchaser. Can't be much in it for us? Or have I got that wrong?

Hi boris, The SP is some 7 times what it was worth some 2 years go and although the revenue did show a good rise last year I think the market is waiting for the 1st half trading update. Bearing in mind the deals done last year then they should show strong growth. Bearing in mind the deals done last year combined with this year then the 2nd half should be even better. I reckon it's just a matter of the revenue catching up with the SP. Onwards and upwards!

Hi stokey12, will you pick my lottery numbers please?!! Unfortunately I've no spare cash - if I had I'd be buying right now!

Indeed it is 'At last' It's taken 6 months to go live but at least in the meantime we've done deals with several suppliers so the effect on the 2nd half figures could be quite good. Should be an interesting half year update next month.

Hi Threeskins. I'm largely in agreement with you, my initial shares in Premaitha came from my involvement in Vialogy and I first purchased directly in '14 and I have topped up every now and then since. My attraction to the company was the NIPT product that was top quality with not a lot of competition so capable of achieving a good margin. The subsequent acquisition of Elucigene maintained my view.

When we developed the Clarigen test this board was awash with posts re this. However my view was that the Covid test was counter to the point above. My thinking was that because every body and their dog was also developing tests it was clear to me that the high amount of competition would erode margins and long term was not the our core business was being developed.

Don't get me wrong, I think it was advantageous in that it promoted the company and demonstrated our nimbleness and ability to adapt to current events and develop a gold standard product. The sales will be most welcome, albeit at lower margins, and will prop up the year end figures and give us time help us to recover and develop our core business. As an example the recent US deal is timed to come on stream at the start of our next financial year and so be a long term and hopefully incremental revenue line. I hope the market appreciates this and that we are capable of this type of long term niche products that we are able to develop, and improve, with little competition. I'm certain this where the long term profits lie.

Filter - just filter.

Maybe waiting for revenue to catch up on the recent SP growth?

As I briefly mentioned in my posting of the 7th I think Fox has a real problem with block sales because of the world shipping problem. The BBC news sight has a story re container freight rates that are some 4/5/6 times the usual cost. In particular South China is badly effected and they are an important market for us. There are long waiting times to load and unload which are dragging on. The cause is that Covid clogged things up originally because of slow loading/unloading and then the upsurge in orders caught out the unavailability of empty containers because they were in the wrong place. The recent Suez blockage didn't help.

The winter quarry shutdown means that we can't actually quarry but if there's room perhaps block could be at least stored and perhaps even be shipped in the winter? Looks as if you had a good point re block sales brainspark!

Me also. Green rectangular boxes are so efficient in saving time and effort. Sorry twix, colsoul and cooper - It's just the way it is.

Hi saintly and jmidland - yes, we are almost there! The inspection by Airbus next month is a formality. The bureaucracy at Airbus is horrendous. We are already coating parts for the beluga wing carrying aircraft and the OMR market is poised to order anyway.
In addition - the O & G market is coming back. In the long term this will disappear but the steam turbine blade testing will by then be completed and in production. The gas turbine market will require a longer testing program but the total production combination of both turbines will be absolutely huge. Each turbine has thousands of blades!

Well maybe. The drop may be overdone. Dukinfield has been sold and at long last a reorganisation is going on. Revenue and the order book are up. If Marine proceeds to sale then the CaPS division, which has the greatest revenue increase, will become more meaningful. Considering covid-19 then I'm not to concerned re the increase in losses. Not saying it's rosy but there are mitigating factors. Any cash from the sale of Marine will put a different complexion on things. Of course It's a mixed bag but not all doom and gloom.

Looking forward to tomorrow - although the update of this year will perhaps be of more interest as we may get some comment of how the sale of Dukinfield has effected the accounts for this year. Can't think there'll be anything meaningful re Marine though.

Oh yes indeed. We've always been good at getting into niche markets but meaningful production orders have consequently been limited. The potential list of Airbus items seem to be growing list with more to come such as landing gear components now that we have the larger reactor. The good news is that we have both the OEM supply plus the MRO market which you would think has a far greater potential. Leonardo must be within striking distance but it is harder to judge the potential.

Plus of course If EDF testing concludes satisfactorily then that could be huge - there are hundreds of blades in every turbine. The same applies to gas turbines. However EDF could be some way down the line as it may be possible to design the blades more efficiently to accommodate the superior performance.

The July Airbus site approval ( hopefully a formality at this stage! ) will be a pivotal moment in credibility to the world. The only restriction HDD will have is a necessarily slow expansion rate. The production of reactors currently takes some 12 months to produce and coupled with the procurement of industrial units to house both them and the pre-treatment lines is quite a commitment. Add to this a training program needed to provide operatives and it's quite a task. I'm very sure that HDD will have all these complications well in hand but significant expansion will be a long and costly road. This factor may well put HDD in the line of fire for a takeover. A benign one with a blue chip company would perhaps be the best option as they would have capacity to put an expansion program into place. I'm a patient kind of guy (15 years and counting!) and would like to see this through independently but it could be several years to make meaningful profits. But hay ho one way or the other it's now just a matter of time. And about time to!!

I'm very pleased with this as in my view the core business is why I am here. As I've said we did well to develop the Clarigen gold standard test but we are competing a crowded Covid market. Our core business is much less congested and therefore has a much greater growth prospects. As previously posted for LR to comment on revenue is pretty rare - multi-million - yes please!!

Yes could be the start of a mini revival prior to a positive update in July? There's certainly a lot of stuff going on at the moment. Just got the feeling that this year will be a milestone in the development of PYC.

PS Naughty baserite - I've got him filtered so couldn't possibly comment!!

Many thanks for the link niky, watched a few of the videos - makes you realise the incredible achievements of HDD in that for such a small company they have developed such a cutting edge technology (pun intended!)

Companies had to report Half and Full Year results within 90 days and 1st and 3rd quarters by 45 days. This was extended to 180 days for half and full years results for both last and this year due to Covid-19 travel restrictions. We managed May last year.

Yes indeed lets hope so, can't work out the reason for the Results delay from May - Something momentous maybe? Marine Engineering?

Hi brainspark, a little pessimistic there I think. The total production orders are not small. Following figures in Euros from the Chairman's Statement. A total of 4 contracts worth 2.33 Mill. Delivered in 2020 - 44.K. To come this year 1.87 Mill. Our best year was '19 when we did 1.41 Mill! You would think by June/July we would be getting some sort of income from those contracts and we had 4k at the end of May. Tight yes - seriously tight - no.

We are in cost cutting mode and if get some Block sales, which are paid for at the quarry gate with transport costs to the customer then we could get close to break even? This is the first time we have had meaningful production revenue and therefore two potential revenue streams. I haven't actually worked out he ratio of our new production capacity to the actual orders but it's probably not a deal breaker if we can't produce all the requirements before the winter installation shut down.