AGM AGM on Monday, HDD usually release a statement, which should be reasonable given the improved rig count: [link]
Aerospace applications Although Hardide seems to havebe in the doldrums a bit recently, I believe 2017 could become quite a transformational year for them.Up until this time, I believe most sales have probably been within the oil and gas industry. However, as the company has mentioned on numerous occasions, it is developing processes for the aerospace industry which could well start to bear fruit very shortly. This is due to the European REACH and US OSHA Legislation.Within Europe (and I presume the US as well) this legislation will require new coatings to replace hexavalent chrome plating from this year, which is exactly what Hardide have been trialing with the likes of Airbus and BAE Systems for some time.I am very hopeful therefore, that we may hear some positive news on this front in the not to distant future!Good luck to all holders, but DYOR.
Either way nice to see a rise in share price and somebody else notice.I never look at any company price during the week only at the weekends but for some reason I wanted to look at HDD's tonight as I just had a hunch SP may be carrying on from last week.I was right and yes fingers crossed its to do with upturn in oil and gas industry and aerospace output plus completion and production increase from USA plant.Here's hoping....
the rise and rise A lot of activity these last few days. Is it possible the Virginia plant is going to put the company in profit due to currency values? Or are we going to produce very hard bricks for Trumps wall?
ummm Disappointed with this company-always seems to be jam tomorrow.just have to wait and hope oil and gas market picks up....
ummmm Nice little rise today-results due next week I think-fingers crossed the two are connected ? Madoff j
Re: Trading Update? Presumably those who have just bought Subscription shares have seen a trading statement. It's time the rest of us saw one too!
Trading Update? We had one a year ago.
Re: second class shareholder They are buying at 0.8p, higher than what could be bought on the open market.You probably still can buy for less than that.In answer to your question, yes you are wrong to feel that.
no your not....... Would be nice if we humble shareholders were party to a share offering,especially as we have been suffering for so long and that there is already 1.5 billion shares in issue (or there abouts by memory).Atleast the shares are up on the news and management are showing confidence in the company.Tuck them away for another day for me as I still like the product and see potential in the long term.
second class shareholder Am I wrong to feel that I am a second class shareholder, since it was a privileged group invited to apply for new shares?
Sharecast Hardide interim loss widens amid oil and gas downturnMon, 6th Jun 2016 09:59(ShareCast News) - Hardide reported a wider interim loss as the downturn in the oil and gas exploration market takes its toll on the company.For the six months to the end of March, the AIM-listed surface coating technology provider posted a group operating loss of £624,000 compared to a £68,000 loss the year before as revenue fell to £949,000 from £1.8m.Chairman Robert Goddard said: "Advanced engineering and aerospace sector revenues more than doubled during the half year and group order intake showed a 44% rise from the prior six months. However, we are in the midst of the longest and most severe global downturn in our core market of oil and gas and this has led to group revenues falling 46% from the same period last year."In response, the company has acted quickly and decisively to reduce its cost and expense base while retaining its ability to react quickly when demand from the oil and gas market recovers."Nevertheless, Hardide said it expects to be operating in these challenging market conditions for the foreseeable future and continues to grow its business outside oil and gas.With this in mind, the board is considering potential funding options for the business as a precautionary measure.Hardide said that given uncertainty about the timing of a recovery in oil and gas activity, it remains cautious about the near-term outlook but reckons second-half revenues will be higher than those in the first half.At 1007 BST, shares were down 10.3% to 0.74p.
The group’s half-year results illustrate the continuing difficult market conditions in oil & gas – its largest end-market. Significant progress with new customer programmes has been seen in the precision engineering and aerospace sectors. Airbus has received its first delivery of coated components for life testing, with several other aerospace components in development or testing. The new US facility is now operational and currently undergoing customer approval. We make no changes to our forecasts, but it is clear that difficult market conditions will continue to suppress trading for at least the next 18 months. Due to new orders recently received, management expect revenues to increase in H2. finnCap's note from this morning on Research Tree
Re: Results Looks like we need to pay for the jam which will be coming tomorrow.
Re: Results A significant date in modern history. I just wish this would become a jam today share instead of the jam tomorrow share that it has been since first investing in 2006. I am patient but it's getting harder to believe in a bright future.