Hydrodec Share Discussion Threads

[capricious] 24/6/2016 12:58

Yeah, something is not adding up.

[vitamal] 24/6/2016 12:45

I just tried buying a modest 50000 about £1000 worthNothing doingI was offered 1.9 to sell 50000

[capricious] 24/6/2016 12:22

Yes indeed but as is so often seen, relatively large buying volume in any one day, have almost no effect to the offer price. Obviously it depends on what risk balance an MM has on their books but until recently you couldn't buy large individual transactions. It could be that they make more hay (generate volume) in the downward direction. I don't know whether it makes sense, maybe an MM could be accumulating stock to sell in one large chunk?

[corrientes] 24/6/2016 11:38

On less than £10,000 of shares traded. Well I suppose the market makers have got to manage their books in the only way they know how these days.

[capricious] 24/6/2016 11:01

VITAMIL, just saw your post.

The drop doesn't seem to match any logic. The market dynamics aren't likely to change, especially when we no longer have any UK presence.

[capricious] 24/6/2016 10:59

Now obviously you're going to get a reaction from the vote but unless there is a large sell coming through, this is another example of the sell price dropping on small volume but not doing the same, when it's the other direction.


Without further details, it seems like an over reaction.

[vitamal] 24/6/2016 10:58

Somewhat naively I thought HYR might do better with a leave voteThis obviously isn't the caseSomeone please explain or is it that the company is now on its last legs

[tongosti] 22/6/2016 09:11

I was in this company in and out for a very small profit a few years back. I bailed out as I was not confident in the company's ability to pull it off. It's a shame such a then promising business has cratered in price and destroyed shareholder value to such a scale. If there is a take out here, I would say that big individual names are not guarantees for success. They make mistakes like everybody else. Profits and profits only guarantee success.

[mr singh] 16/6/2016 08:51

Looking here the charts showed major resistance at 1.84p this did not break and current trending the new resistance is 2.94p.The underlying pressure shows a major momentum may be building to push this through the next resistance of 3.45p. This may obscured by the current volitility within the global markets.When this breaks indicators confirm it will be swiftly rather than a gradual gain. The charts show this oversold and the actual shares available to buy and sell are in demand and short supply.

[capricious] 14/6/2016 18:36

Aviva reduced their stake (-20ml), as the transaction dates match Andrew's notification, was the majority of the 14 million obtained from this sale or the previous overhang?

As the spread has widened somewhat, I guess the MMs, on a book basis, are nearer to a neutral position, although this sale was for 20 million.


Where are the remaining shares. I believe the company itself has passed a resolution to allow the purchase up to 75ml, so it's quite possible that they would buy for a number of reasons.

[kendonagasaki] 13/6/2016 21:02

They did indeed vitamin, they did indeed?

[vitamal] 13/6/2016 20:44

They had to come from somewhere

[kendonagasaki] 13/6/2016 20:11

14 million buys bought last week have just shown....naughty!?

[capricious] 10/6/2016 13:51

Wow great confidence booster from the new CEO, directors lining up to give support.

[datait] 10/6/2016 10:53

UKOG about to explode upwards folks.

[corrientes] 10/6/2016 10:48

Great. I topped up a couple of days ago.. HYR was one of the few small oil related companies that had declined to a ridiculous level when the other oilers were generally going up. Didn't make sense in relation to the RNS.

[capricious] 10/6/2016 10:31

17 million buying yesterday, 3 million today, 2.55p seems a stumbling block but as I write I see a jump in the spread.


And for the first time that I can remember, Hydrodec is in the top 3 riser league table. Go Hydrodec.

[capricious] 10/6/2016 09:15

"Nice rise at last."


Hopefully it heralds the return of a more normal market for Hydrodec shares.

[capricious] 10/6/2016 09:14

And that's wrong because?

I feel that if they hadn't bought, posts would damn them for giving no support, now they have once again voted with their own money, they are pirates. There's no pleasing some people.


My take on Andrew's stake, if that is what you are referring to, is largely positive. Yes I am aware that the current stake by my estimate, is a little under 27%. I believe at 30% the holder has to decide to make an offer for the whole stock. Ok you need to consider all possibilities but it could be argued that having a strong backer with a large stake, protects against others coming in and picking the company clean.


I base my opinion on Andrew's track record and considerable support, lets face it, he could've picked this company up cheaply by removing funding support at crucial points. He went the extra mile when he was involved with the football club, when most would've stopped long before. So yes I have a concern but it must be informed by the facts as well.

[kendonagasaki] 10/6/2016 08:58

Nice rise at last.

[kendonagasaki] 10/6/2016 08:12

Yes delicious, they seem very happy buying into their own company at rock bottom prices.....,May be they know something we don't ?

[the shuffle man] 09/6/2016 21:39

Let's hope this is now the bottom. Encouraging AGM statement and hopefully these directors buys have cleared up any loose stock. If can return to profitability this year the shares look cheap.

[capricious] 09/6/2016 19:03

Hah, I see that my comment above about it not being long before any overhang will clear, was prophetic and way to pessimistic at the same time.


Strong support from the Colin and Andrew, well done guys. You couldn't say that they were not doing everything possible to succeed.

[capricious] 09/6/2016 08:55

Slow but steady buying, at this rate it shouldn't be too long before an overhang, if it exists, is burnt through.

[capricious] 08/6/2016 16:10

Haha but for me personally I wasn't expecting much of a rise, there's a reason the share price has dropped on mostly buying volume, and I don't think it's anything to do with Hydrodec fundamentals.


I can't know for sure but weeks ago I posted about the 10ml+ transaction which did not come with any counter trade rns. If it was Andrew, even if it did not break the disclosure rules, as an acting non-director, I imagine he would still need to notify the market.

Based on the leap frogging down, where seemingly one MM would offer at much lower prices, triggering in many cases a race to the bottom. Did a maker absorb the volume, is this why we have seen the wildly different buy/ask prices, if one group has an overhang to offload.



Anyhow, with the work and progress of the Hydrodec crew, I'm not as overly concerned about the current share price