Hardide (HDD)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

 29.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 40.20
  • 52 Week Low: 27.50
  • Currency: UK Pounds
  • Shares Issued: 55.88m
  • Volume: 0
  • Market Cap: £16.20m
  • RiskGrade: 249

Hardide sees full-year revenue ahead of market expectations

By Michele Maatouk

Date: Wednesday 19 Sep 2018

LONDON (ShareCast) - (Sharecast News) - AIM-listed Hardide said on Wednesday that revenue for the year to 30 September is expected to be ahead of market expectations thanks to stronger-than-anticipated demand from two major supply agreements.
The company, which develops and provides advanced surface coating technology, said revenue will exceed £4.4m, while earnings before interest, taxes, depreciation and amortisation will be in line with market forecasts.

Hardide attributed the record revenue to stronger-than-expected demand from two supply agreements, one with a "major" international oil and gas operator and the other with a global provider of drilling completion technology. It also pointed to the general recovery in demand from the oil and gas sector.

Chief executive officer Philip Kirkham said: "We are pleased to announce record revenue underpinned by a recovery in demand from the oil and gas sector, particularly from new customers with applications where the Hardide coating offers them significant technical and commercial advantages. We are continuing to work with these customers to explore further opportunities and are optimistic for the future.

"The company looks forward to reporting its preliminary results for the year to 30 September 2018 on or around 10 December 2018."

At 1600 BST, the shares were up 4.9% to 1.94p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hardide Market Data

Currency UK Pounds
Share Price 29.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 40.20
52 Week Low 27.50
Volume 0
Shares Issued 55.88m
Market Cap £16.20m
RiskGrade 249

Hardide Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.51% above the market average4.51% above the market average4.51% above the market average4.51% above the market average4.51% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
32.71% below the market average32.71% below the market average32.71% below the market average32.71% below the market average32.71% below the market average
5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average
Income Not Available
Growth
45.22% below the market average45.22% below the market average45.22% below the market average45.22% below the market average45.22% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average

Hardide Dividends

No dividends found

Trades for --2022

Time Volume / Share Price
0 @ 0.000p

Hardide Key Personnel

Chair Robert Goddard
CEO Philip Kirkham
Finance Director Simon Hallam

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