Member Info for TruroTrader

Not all they are cracked up to be. Many a slip between the cup and the lip.

Not always that good and the sp/mk possibly may reflect the following.

The earn-out payer can have a variety of reasons not to pay. Not least of which they go out of business. Or they have no money anyway. Or they have discovered a new/existing/subsidiary which is very expensive and soaked up all their cash and what you going to do about it ?

Hopefully our arrangement is fire-proof but the market may not think so.

Good if you get it - tough if you don't.

hi gvs. You're right - a good top up time. I've been here nearly 3 years and I'm on a 15% loss and I am making a small top-up with the view to selling fairly quickly on a profit.

My main holding is just about to steadily grow into a major part of my pension income holding. At least that's what I hope!!

I originally bought because not only was the technology unique but Simon Turner was so straight forward and determined. This is a winning combination.

Gold could well be the future. But for the meantime we have lost some 42 Mill over the last 5 years and only made 12 Mill in sales and half of that was last year! Add in a market cap of 40 Mill (6 times last years sales) and you can see the reluctance to buy.

I've been here since VIY and by averaging down need 12p to break even. Sales should now increase anyway and boost the short term revenue. This new collaboration revenue stream has a huge long term potential.

The March 19 revenue figures will be the litmus test. New contracts are good but we now need substantial revenue and cashflow increases to be viable and boost the SP. The BoD will now earn their corn - or they won't!

I thought Jon Constable was promoted to be boss of the advanced manufacturing centre about last year or so? This would not be a Board position?

Please TPG do an acquisition.

I also hope for 2019. HDD - every year I hope for the next one!!

Reactor constriction is my view of the reality. Unless we make a major reactor build commitment (for which we have no money or actual need at present) we have no real way of increasing revenue in the heavenly aerospace environment that we wish to be part of.

Chicken and egg at the moment!

Hallo MaxM, Not chatted for a while and I hope all is well.

MUMM is a champagne label that has a certain cachet amongst old farts who still remember their misspent youth!!

We are now at the end of Sept - some 14 months from the fundraising that supposedly was a 12 month project as outlined in the prospectus. I am a little uncertain as to why both the PI's and the II's are quiet.

Sitting on 20 Mil for over a year is doing my head in - there is no money in money at present yields!!

Chunky old buy this morning -.what's he know? Give me his number I'll ask him to do it again! - move it on up!

I've thought before that the 2p barrier is a hurdle. We have a high MK for a loss making company but we have fantastic potential. My guess is O & G profitable production expansion into Houston by 2021

We allegedly need

I assure you the corner shop my parents had didn't do that!!

At long last the company is now firing on all four. The winter lack of revenue has been addressed and even if the goods cannot be shipped in the mid-winter they can be stockpiled and the sales will be made up in the spring.

What's not to like?

I've been here just over 2 years and am some 30% down but it's not the end of the world. The company is profitable and the Board seem good at adjusting management as required. Development is going on in the States, the middle east , Hong Kong and even Bournemouth which will boost organic growth. The acquisition programme is alive and well.

It's only revenue that is doing a bit of treacle wading but if the 2nd half revenue is an improvement then next years half and full years will be, for me, the litmus test. providing they pick up then the SP will reflect it.

I'm pretty optimistic as the sector is so fragmented and there is protection in spread of business. Onwards and upwards (excuse the pun).

Hi Richie, your quite right shareholder communication is important as is all communication. But it is the style I am wondering about. Kirkham and Davenport appear to be the public face of HDD. While they are not exactly the dynamic duo both are good for HDD but I feel the time has come for a more positive presentation of our true situation.

We have just announced record revenues, new production equipment to be imminently installed plus two new framework agreements that are apparently about to increase business and, drum roll - we get a price fall!

I'm not saying we need a spin doctor but we do need to get our good news story into the market in a more positive way. Rant over - I've been here 11 years and I'm not going away now just as we're getting there - or will be one day!

Agreed Nosugar, No real point and just blathering.

One of the pluses for Virginia was the expansion possibilities when we first took it on.. It takes 12 months from ordering reactors to producing an invoice. Therefore they have to constantly evaluate capacity expansion timing against possible future orders. It's an ongoing part of the business.

As for increasing coating applications - HDD have released at least two RNSS re new low temperature substrate grants/subsidised testing for new applications.

With nothing new to say - say nowt!

Good record revenue news, slightly disappointing with the margins on the new agreements but hopefully means the new reactor will be in use straight away once commissioned.

I've mooted before that now we have a development manager in Houston maybe we could open a coating facility there to handle O & G + flow business which frees up Virginia for aerospace. We would need to order new reactor(s) soon because of the 12 months lead time.

This would be in addition to the new larger reactor currently in design/development. I really feel there is now a momentum with reasonably clear path to continuous growth and the danger of a profit! Wonders will never cease!

I think revenue is due to rise anyway due to the various collaborations and new markets announced in just this year alone. What would please me the most would be a sensible settlement with Illumina which would, you would hope, reopen the UK market which should be a relatively straight forward proposition.

Post Scrip!!

Forgot to mention the 5 - 8 companies that liquidated!!!

I bought in May 16 at 54p spending 4k. I've since sold 3k and still hold 8k. It just shows what is achievable on AIM.

Hi niky, You have highlighted a valid point. Airbus is unlikely to confirm an order that HDD is incapable of delivering on, and, at the moment we can't.

So which comes first the chicken or the egg? We are currently incapable of coating thousands of parts. Airbus may want say 4 parts per wing on 750 planes per year (3000) and 4 parts per landing gear on 3 or 4? per plane say a Mill or so.

I have no real idea of the actual numbers that could be coated but I can see that a progression is required. I have mooted licencing in which the reactors are sighted on the suppliers and manufacturing own sites which saves us having to find premises and 'only' needs 12 months lead time.

This lead time also raises queries such as who do we use to make them and can the process be speeded up? Kirkham apparently has a good problem but with no easy or quick solutions.

Thanks rivaldo, Fairly positive comments I think? If only I could understand what he said!

However thanks for bringing the Investment Trust to my attention. One of my intentions is to move profits from my AIM holdings into investment trusts and Downing seem to operate in a similar place. We might both go down the tubes together!!

Me too 67, I need counselling and as my break-even is 12.24P my need is growing!!

Over the last 4 years I had to stick in some 9/10k to get my average down to that point so my commitment means I ain't selling just yet. Bring on the shrinks!

Following the VIY debacle I became he proud owner of 2450 shares. I've bought in 7 times since then and have at last broken even. Ye - Ha

I intend to stay with my current holding for a while yet as revenue increase will become greater once the Brazil and India operations start which can only boost next years figures. Any litigation bonus will of course be welcome!

Hi Richie, I hadn't realised the outsourcing around HCP. Thanks for that.

I think companies as large as Airbus with huge consumption of parts might wonder how comparatively miniscule companies like HDD will cope with the volume they require. Martinsville has space for some 6 reactors which apparently can generate a total of some £6 Mill a year of revenue. It takes about a year from ordering a new reactor to getting it on stream.

My guess is that we will need dozens of reactors to satisfy Airbus alone. They produce some 800 annual planes with several parts for wing and landing gear being currently tested. Where will they be based and how long will it take to produce them? This will be a consideration for Airbus.