Coronavirus impact: 19 May - reliability on offer from some highly rated companies
We are impressed with results from several reliable performers, however, the rich valuations of some leave little room for error with challenging times ahead
Hardide: plenty of promise, but….Hardide (LON: HDD), the developer of advanced surface coating technology, announced more promising results for the six-months ending 31 March 2020 but it still can’t make a profit. While the group saw revenue rise 29% to £3.02m the outcome was an operating loss of £306k. Operating cash flow was a positive £770k but after significant investment in new plant of £3.34m there was ultimately a cash outflow of £2.5m. Thankfully, a fundraising of £2.50m boosted period end cash to £4.88m. The group is on track to relocate to a new UK site by the end of…