Member Info for TruroTrader

I think I'm right am I? In the midst of a pandemic we've reached an all time high! One thought for the future, with everybody homeworking and all offices closed I'm wondering just how much expensive office space will be needed when the recovery starts. A lot of employees will appreciate the cost and time savings that working from home gives them. I wouldn't mind betting that a lot of them might appreciate a bit of mix and Match.

Excellent link threeput - It depends on the cost of the system obviously but it's compact and may well take up less space than an oxygen bottle store room anyway. It's cheap to install and run and over time could be very cost effective - ideal for Nightingale hospitals you would think?

Yes with a bit of luck - I wonder how the US operation is progressing as good growth there will be a new revenue stream? No mention was made in the update and I got the feeling that things were a little slow there. Hopefully some info in the annual report.

If you take the podcast in relation to the recent RNSs then while it's a major contract exchange lockdown it does look as if there is, and will be, a forward strategy. Seems more positive than any forward/exit strategy the English government may or may not have re Covid-19 lockdown!!

I did a grand through PrimaryBid as I think SRT are taking decisive and pragmatic actions and 25p gives a lot of
head room. I reckon that as a take-over target we'd be worth double.

Closing bid is 130. Errors showing on other LSE boards as well.

Hi share4, We may be small but the fact that we've signed 4 contracts in the last month, got an NIHR award and released a positive covid-19 update Is in my book getting close to exciting when compared to most of the AIM.

Hi Utar, In the 1st part of my career I spent over 25 years in the merchant Navy and visited many ports in New Zealand during that time both North and South both large and small. Not quite to certain how working for a port there gives any special insight into the world economy though!

Hi luderitz, The turbine blade testing is currently with the French electrical generating firm EDF and is centered on water droplet erosion on steam turbine blades. Each turbine has hundreds of them. The new larger reactor on order will allow coating on longer blades plus aircraft landing gear parts - it's all in the future at the moment. My only concern is the ability of Hardide to get to this future. All fingers crossed!

Hi luderitz, if you look at the company history and background you may well find answers to your concerns. Yuri Zhuk brought a single product to the UK after the end of the Cold War. It now has some 5 variants all of which are patented. The disadvantage Hardide has is that the reactors cost the best part of a million and have to be housed along with pre-treatment lines. However once up and running they have few moving parts and last many years.

As for profits, well they have constantly invested in the business and constantly improve and develop coatings. Nothing about Hardide is quick. Most new customers take about a year on average from initial enquiry through to testing and 1st orders - however Airbus took some 9 years and we're not quite there yet! This, conversely, is in fact a barrier to entry for any competition.

It now looks as though we can get through to year end September and will have new UK premises plus a total of 8 production reactors plus a dedicated R & D and testing reactor. At full chat probably around 10 Mill revenue with a high profit margin. Airbus should be a growing revenue stream for many years and the Turbine blade business could have an extremely valuable future which will protect us from the volatile O and G industry. One other positive - Hardide just doesn't give up it just keep going where others might have folded. Well worth a bit of research.

Utah, incisive practical questioning is good - so is a bit of banter but to ask questions like "is the UK ready for 60,00 deaths" is a baseless and spurious question - you well know there is no reliable answer. To ask is the UK ready for 10% unemployment is also spurious because there is nothing we can do to be ready.

In future please disagree if you wish but in a respectful and business like way. Riddler conducts his posts broadly in a factual way with personal opinions whereas you seem to operate on a personal and emotional level.

From 16.25p to 40p in 2 days is truly gobsmacking, my average is 36p so my bunnyness has never been happier! Up to the end of February we were at 60p hopefully we won't drop back again.!

Interesting that the "core customer" has requested that trading assurances were required which seems to indicate a certain continuity of business. If we did £3 Mill in the first half then even allowing for a slow down we may well achieve last full years figure of 5 Mill.

Hi Smartyboy, Is the thinking that the lack of flights makes them focus on other thing then?

Hi ABLE, not to certain who the "us" is in your post but TPG is actually in a strong position. Solid forward contracts with blue chips and governments plus some £10 Mill of cash and a good chance of breaking into meaningful profits when we get this years figures.

The only fly in the ointment is the low SP but twas always thus!

Seems my previous doom and gloom last week was a little overdone. Providing we can complete the move to the new premises on time and on budget AND airbus approve the new facilities then maybe this years figures may not be to badly effected. By next financial year the whole situation will be clearer. Hard chrome still needs to be phased out.

Feeling better today!!

The long term is very good with a unique and growing family of procedures and patents plus the future turbine blade project. The short term is pretty disastrous with, I suspect, falling revenue streams.

We are a sitting duck for a take-over and at this price, even with say a 50% uplift, a lot of minor shareholders will indeed pretty much be wiped out. What a sad end for some of us who have been here for many years, in my case almost 14. I sincerely hope we can weather this but it's a pretty tricky situation.

I think you're right re people still having babies - in fact I think self isolation could be a help here!
The company is in a good position but I see growth slowing quite a bit because both individual people and health authorities are going to find financial headwinds when this is over.

Yes indeedy - and with vehicles off the roads and airplanes not in the skies oil will stay under $30 a barrel so goodbye to our oil and gas markets for some time. Flow control business will also be badly effected and our aerospace business will not be ramping up any time soon. Can't quite see where we are currently going to get revenue? Not a good time to be liable for two premises in Bicester come to think of it!

Hi jsmith23 - If the BoD is bold enough to grasp employees largely working from home efficiently (with appropriate safeguards) then this company is ideally placed to deliver big cost savings. Looks good to me.

Is this is or is this old my baby?

And the importance of the case being sent back to the lower court is precisely what?

Interesting post from jsmith23. An IT company such as ours with most things happening on the net really needs an expensive office based business - or it doesn't! If HR can support out workers properly then there are huge cost savings. Employee commute times are an additional savings - 2/3 hours a day perhaps? I think a social/business change is on the cards.

Hi Abery, Your just a little bit wrong. The RNS clearly says work beyond June. NOT as you have reported it and there is absolutely no reference to any main programme. The only one referred to is the NIHR i4i award which is just £120K over 12 months.

For someone complaining about communications the words Pot and Kettle come to mind!