Hardide plc (AIM: HDD) – weak oil and gas brings the share price down to earth
The developer and provider of advanced surface coating technology reported results for the year ended 30 September 2015 that evidently disappointed. With the small Group’s core oil and gas market in the doldrums and plenty of investment in the period it was always going to be a tricky year. Looking ahead it’s all about aerospace!
Hardide’s range of nanostructured tungsten carbide-based coatings combine exceptional wear and corrosion resistance with toughness and ductility. Applied by low temperature chemical vapour deposition (CVD), they offer a unique combination of protective and life-extending properties in one coating.
The coatings can be applied to a wide range of metallic substrates including stainless steels, superalloys, tool and carbon steels as well as nickel, copper and cobalt-based alloys, and are…
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