HDD boom on share issue The problem with HDD is the secrecy required by it’s clients , were it not for that we’d be over 88p IMO.
HDD boom on share issue Tipped today by David Buxton at finnCap with a target price of 88p, commenting on the investment for the future being made at new UK facilities, the commercial progress across sectors, and the huge potential in aerospace.
HDD boom on share issue HDD surge to 65p today on news it has placed nearly 4 million or about 7% new shares at 63p in order to raise £2.5M, needed for its new facility and expansion plans in Bicester serving its Airbus customer. This will considerably improve the health of the company balance sheet. HDD say the placing was significantly over-subscribed. As yet unnamed institutional investors so impressed with company prospects to be happy to pay a sp premium, HDD get signficant funds for nothing, small investors get a strong uptick. Bloomin’ marvellous. For some reason, having just raised the funds it requires, HDD says it is also exploring asset finance, so maybe it wants to convert some of its capex into finance leases aswell. Which would add cherry to the icing on the cake.
LSE:HDD This is another share where it’s just a matter of time ️ Along with #ANIC, #TRX, #SEE, #XTR, etc, etc!! Happy New Year TP
LSE:HDD We had a million loss this year but after reading this you’d expect a good profit in a years time but the Sp doesn’t reflect that , HDD is a case of more $$$ to be made else where ATM. 26 September 2019 Hardide plc (“Hardide”, “the Group” or “the Company”) Year End Trading Update Hardide (AIM: HDD), the developer and provider of advanced surface coating technology, is pleased to provide an update on trading and expectations for the financial year ending 30 September 2019. Early indications of strong demand across the Company’s target markets have continued: Sales to the Company's major flow control customer in North America have more than doubled Large project-based orders have been received for an oil and gas operator Increase in the coating of industrial diamonds used in the oil and gas industry Increased sales to the precision engineering sector Accordingly, the Company expects (subject to audit and year-end adjustments) to report revenues of around £5.0 million, ahead of expectations. Reflecting the sales mix and continuing investment, EBITDA is expected to be in line with expectations. Fitting-out of the Company’s new UK premises has commenced and the timing of the relocation to the new facility is currently on track to be completed during September 2020. As previously announced, three new coating reactors have been ordered, with two of these to be installed at the new UK site and one at the Martinsville site in the USA. The existing three reactors in Martinsville are currently working at full capacity. The Company expects to report its preliminary results for the year to 30 September 2019 on or around 9 December 2019. Philip Kirkham, CEO of Hardide plc, commented: “We are pleased to announce the second consecutive year of record sales revenue. Revenue for the second half year is expected to be approximately 13% ahead of the first half and the full year approximately 9% ahead of the last financial year. It is also pleasing that demand is spread across a continually broadening range of customers, sectors and applications. Demand remains strong and we are optimistic about further growth in the year ahead.”
LSE:HDD HDD are surely primed for some stellar news around these large orders , 2020 is going to be a big year I think for HDD.
LSE:HDD Press Herald – 18 Nov 19 Airbus scores $30 billion in new plane orders at Dubai Airshow Meanwhile, Boeing and Etihad Airways unveil one of the world’s most fuel-efficient long-haul planes.
LSE:HDD CNBC – 19 Nov 19 Airbus wins increased order from Saudi carrier for total sale of 90 A321 jets The Flynas order adds to Airbus' raft of major wins this week as it eclipses rival Boeing.
LSE:HDD Airbus got a $30 bill order from the ME , that should make some work for HDD.
LSE:HDD Yes, infuriating isn’t it. Price drops before news so news to takes it back to square one But eventually quality will shine through and will be reflected in the sp (eventually!) TP
LSE:HDD HDD… XXXX Dropped to a three month low on 8th November , news has made it rise back up .
Latest News It was
Latest News strange that it was not in the RNS service ?
Latest News News: Hardide approved for F-35 Joint Strike Fighter The Hardide-A coating has been selected for use on components for the new F-35 Lightning II Joint Strike Fighter. Following extensive testing, Hardide-A coating has been approved for use on drag chute components for the F-35A CTOL (conventional take-off and landing) variant being manufactured by Lockheed Martin. For these specific components, Hardide-A is being used in place of HVOF (high velocity oxy-fuel) thermal spray coatings. Hardide-A has been developed specifically to meet the needs of the aerospace industry and is an environmentally compliant and technically superior replacement for HVOF and hard chrome plating. The coating has demonstrated outstanding performance under corrosive conditions. This opens up applications in high load and corrosive conditions associated with several aircraft types. The F-35 Lightning II is a family of single-seat, single-engine, all-weather stealth multirole fighters. The fifth-generation combat aircraft is designed to perform ground-attack and air-superiority missions. Over 455 aircraft have been built so far with the RAF and Royal Navy planning to take 138. Philip Kirkham, Chief Executive Officer of Hardide plc, commented: “Being selected for this new generation of aircraft is a great vote of confidence in Hardide and we look forward to further components being specified for Hardide coatings. This clearly demonstrates the progress that Hardide is making within the aerospace sector.”
Latest News News today! HDD coating to be used on F-35 jets. Wow! To be accepted and then used on this high profile aircraft is a major achievement for Hardide. Well done team. That should get the sp moving. TP