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Hydrodec Share Discussion Threads
Showing 3826 to 3849 of 3850 messages
|That was a delayed transaction, which can disguise the trade|
|Is that another 500k dumped by Aviva? The overhang might last for another 6 or 9 months at this rate!!|
|Without checking those sells look like buys, I don't see much movement but we might recover a little*. The first transaction of the morning got clobbered a bit but then that's why I usually stay clear of Monday morning transactions.
* Also as far as I can tell, there is no mention of the news by the usual suspects online. Ok it's not earth shattering but should filter through later|
|So we have the answer to the G&S investment.
I had to re-read that, I thought it meant they have over time been supplying feedstock and reached the stated amount, meaning that dividend so to speak, has already been accounted for. I'm pretty sure that's not the case at all and the whole new consideration adds nicely to the cash flow situation.
Good news in my book, as we head into the last quarter of 2016 and into Q1 of 2017|
|I don't know but I'm sure if they had finished selling we would get a strong bounce so still believe there is a big overhang to clear.|
the shuffle man
|How do you know they are selling out the lot, Shuffle Man?|
|They are depressing the current share price. For long termers an opportunity to add here. Once they have been cleared out we should move a lot higher.|
the shuffle man
|only another 89m shares to go !|
the shuffle man
|As The Shuffle Man pointed out, Aviva has been offloading, each time the price has risen that offloading seems to hit more.|
|A small improvement and higher volume, not sure whether that is just a simple reaction to Saudi's capitulation on prices, or the selling mentioned by The Shuffle Man, has stopped, or something in the wind...|
|Good post 1gw
That's how I see it. Tight but doable, especially if they are yet to receive the money from G&S. If at the end of the report they are talking about eyeing further expansion opportunities, that doesn't seem like they are worried. Besides I believe they would have to highlight problems of a serious nature as part of the fiduciary duty, unless that is only true for the final accounts.|
|Hmmm. If you look at the detail though they reported:
$2.0m operating cash outflow
$2.4m working capital outflow
$1.7m cash inflows from disposal
$2.5m cash inflows from financing (mainly proceeds from loans & borrowings)
So net $0.2m out, but clearly the disposal proceeds and financing inflows are not sustainable in the long term.
$0.6m cash on the balance sheet and $1.4m headroom for wc vs operating cash outflow in the first half of $2.0m and $2.4m wc outflow.
So if they can get to "profitability" in 2H hopefully the operating cash outflow stops and they still have some wc headroom to expand the business.
But it all looks pretty tight in my opinion and they can't afford too much going wrong on the cashflow front in 2H.
Still, I think perhaps that's why the shares are at such a low price and I feel comfortable adding at this price, given the recent run of relatively positive news.|
|From unaudited interims:
"Operating cash outflow (before working capital movements) reduced to US$2.0 million (H1 2015: US$5.8 million). The improved EBITDA performance resulted in lower working capital outflows which reduced from $3.0 million to $2.4 million. Total net cash expended in the first six months of 2016 was US$0.2 million compared to a US$12.6 million outflow in the prior year comparable period. Overall, the Group held US$0.6 million in cash on its balance sheet at the end of the period and retained approximately US$1.4 million headroom under its working capital facilities provided by Andrew Black, a Director and the Company's largest shareholder. "
So, if cashflow doesn't improve (which would surprise me) we have 18 months
of immediate funds to spare, and three & a half years if Andrew Black is called
on to the full.
As HYR are constantly improving their figures, I can't say I'm loosing sleep over this.|
|Still like this one, although I admit the cash situation is a bit precarious at the moment.
Bought some more at 2.7p.|
|Ah thought so, thanks Shuffle Man|
Haven't seen that receipt mentioned anywhere.|
the shuffle man
I haven't seen but may have missed it, has G&S paid their next tranche yet? If not and presumably they will as it's part of the contract, then that would provide a well deserved cash injection.|
|The company is in the best shape it has ever been and looks like it is now profitable.
Problem we have short term is that it seems like Aviva are offloading so there could be a large overhang for a considerable time.|
the shuffle man
|so forrest yump... why are you left holding the baby ?|
|Nobody asked for your opinion and we know it in advance anyway, its pretty predictable.|
|Looks like it's hanging on a thread on life support.Any further cash burn with no profits and they will be need refinancing at a 1p if this keeps up.Caution advised here IMO.?|
|Is there a name for this alternate reality you live in, or do you take something extra with your morning Weetabix?|
|kendo you called it right !......breaking news.......hyr.......will be recycling push bike oil...due to the surge of the green revoulution.......on yer bike cap|
|I suspect today's movement is that cash is still tight, although they still have 1.4million in working capital reserve from Andrew and 0.6m in the bank.
I haven't as yet found out if G&S have paid the next tranche that is owed as part of the agreement.
I'd be surprised if the CEO is talking about watching for further business expansion opportunities, if there were concerns.
Another point, Canaccord would've had greater details than we further in advance, and they recently upped the target price to 7p.
*Right thought the spread hadn't updated, the recent surge were buys but marked as sells. We might get a recovery later on, the latest RNS was never about reporting a profit as such, I think expectations need to be tempered by the fact that 2016 is about setting the stage for profitability going forward. Maybe it isn't quick enough for some.|