Hardide’s all-important end market of Oil & Gas, which has historically accounted for c.60% of sales, is taking longer than anticipated to return to pre COVID levels of demand. We have therefore trimmed our forecastsfor the year to September 2021. Additionally, the Company has taken the opportunity to strengthen the balance sheet and has raised £1.0m through a £0.79m equity fundraise at 30.9p and a CBILS loan of £250k. Our forecasts now assume that Hardide will end the year to September 2021 wit ....
