The company is at the cusp of an important inflexion point in its development and has successfully raised £3.6m to fund the investment in three additional coating reactors and the move of its UK operations to new, larger facilities. The reactors have long lead times, with expansion necessary as the UK is close to full capacity, while the first orders from Airbus are potentially expected to start within a year. Short-term additional costs defer profitability, but the investment scales up
08 Feb 2019
Hardide - Placing, share consolidation and UK facilities expansion
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Hardide - Placing, share consolidation and UK facilities expansion
Hardide plc (HDD:LON) | 5.8 0 0.0% | Mkt Cap: 4.51m
- Published:
08 Feb 2019 -
Author:
David Buxton -
Pages:
9
The company is at the cusp of an important inflexion point in its development and has successfully raised £3.6m to fund the investment in three additional coating reactors and the move of its UK operations to new, larger facilities. The reactors have long lead times, with expansion necessary as the UK is close to full capacity, while the first orders from Airbus are potentially expected to start within a year. Short-term additional costs defer profitability, but the investment scales up