Hydro Intl Share Discussion Threads

[rivaldo] 18/4/2007 12:21

Crikey - 3 contract win RNS's in 2 weeks! The market needs to wake up to what's happening here:



"AWARD OF PRESTIGIOUS RIVER CLEAN UP PROJECT IN BELGIUM

Hydro International plc, provider of products for the control and treatment of
water is pleased to announce a contract award of £1.29 million for a large river clean up project in the city of Namur in the Wallonia region of Belgium. The project involves the installation of the company's Combined Sewer Overflow (CSO) technology with some 37 Storm King(R) Overflow with Swirl-Cleanse(TM) Screen Separators and 1 Grit King(R) Separator.

Part of the contract allows for partial fabrication under license by the main
contractor, CFE EcoTech with key component manufacture being retained by Hydro.
The contract will be handled by the company's Water and Wastewater Division in
Ely, UK and will be spread over three years.

Chris Williams, Hydro MD Europe, commented:

'The Hydro team has been working with our partners in Belgium for a considerable period on producing an innovative solution to the requirements of the Namur contract. We are proud to have succeeded in securing this prestigious project.'"

[gac100] 18/4/2007 12:21

It gets better and better:



Another big (£1.29m) contract.

[rivaldo] 18/4/2007 10:48

Ah...no smiley, no can see flippancy!

I'm sure you're right that most of us here can see the potential which is now being realised - it's pointless to trade in and out. Talking of which...

There's a big article in the FT's special Waste and the Environment supplement today about wastewater and treatment thereof - here's a small extract:



"Globally, says Mr Lantier, only 45 per cent of the world's collected waste water is treated. The most urgent priority is to treat the 55 per cent released untreated. Of that treated, 20m m3 a day is recycled - about 2 per cent. He expects that proportion to triple in coming decades.

Ultimately, says Mr Frerot, the most cost-effective solution to water shortages developing in many towns and cities must surely be to supply such treated waste water for use in industry and irrigation, in place of the tapwater used today. "That would halve the demand for natural water," he says. "That is what we should do, before talking about drinking waste water.""

[cheap] 18/4/2007 10:16

Sorry riv, being a bit flippant. But I think we know that HYD's technology and low maintenance means that they are more than likely to win where there's any tendering in their field.

You seem to be right about the breakout.
It's been very rare in the last few months of relative price immobility for there to be stock available in any significant quantity. I wonder how high we have to go for people to want to sell - very few traders here. It's taken a long time to get here but this looks as close as you can get to a worthwhile very long term investment.

[rivaldo] 18/4/2007 09:10

Looks like a chart breakout - next stop 175p....

Cheap, there was an RNS on the OFWAT/UU story today:


Looks like UU have been caught unfairly procuring internally rather than from outside companies. It's only services involved, not HYD's products - see the Notes to the RNS. Buy it does include water metering - I wonder if any other PLCs might benefit from new UU metering installation and maintenance orders?

[cheap] 18/4/2007 08:55

Just caught the tail end of a story on the radio about United Utilities being fined by OFWAT for not giving more of their work to Hydro. I think they've been awarding contracts inhouse without going to competitive tender.

[rivaldo] 18/4/2007 08:40

It's a start - a tick up on one small buy. Online I can sell loads at a 1p premium to the bid, but can only buy 1k at the full offer, so it's looking good. Any demand and the price should react accordingly.

[rivaldo] 17/4/2007 23:14

Hope you're right gac100 - considering HYD have won £3.4m of contracts in the last 2 weeks the it seems HYD are still somewhat under the radar. Just 19k shares traded today and a similar amount traded after the last contarct win is just absurd.

The upside is that I and others here have been able to top up in peace and quiet :o))

[gac100] 17/4/2007 22:08

Stegrego - Institutions buying into HYD's story would also be quite nice.

I know Impax Environmental Markets has been a supporter for some time now, but don't know that there's a lot of others as yet. The current market cap is of course way too small for a lot of fund managers, but there are certainly more than just Impax who back companies of the size of HYD. Never mind, if we hit Rivaldo's medium-term share price of 350p-400p, the market cap should show up on the radar of a lot more.

I've no doubt both Joe Public and the institutions will catch on sooner or later.

[stegrego] 17/4/2007 20:04

What this could do with - and i think it will come - due to the weather we are having and the fact that this year droughts and floods will be all the news IMO - is being tipped somewhere, such as Shares, IC, or a Weekend paper - so that it gets more attention from Joe Public.

Water IS going to be the oil of the next decade.

[rivaldo] 17/4/2007 19:23

As gac100 said, today's RNS is great in itself but is also proof that the massive AMP4 spending programme is finally getting into gear. I assume this should guarantee large sums going HYD's way over the next few years.

This share has everything going for it. If it's not over 200p in the next few months I'll eat my hat, though medium-term with global expansion and acquisitions I can see a P/E of 20 and a 350p-400p share price.

But now I'm getting carried away...

[stegrego] 17/4/2007 14:10

Well ive added a few more shares today - now invested more here (in terms of initial outlay) than anywhere else.

I feel this is a bit of a dormant share that will spring to life sooner or later.

Feels very much like some other shares i hold - Serabi SRB and Vane VML that were both undervalued (IMO) for ages and are now some 40% - 150% up in a few months.

Good things to come i think

[rivaldo] 17/4/2007 12:47

Indeed. And at least the forthcoming Peel Hunt broker note will be able to include these huge contracts in their forecasts.

Maybe 12p-13p EPS for this year and 15p-16p EPS next year?

[philjeans] 17/4/2007 11:10

Great share; superb business; 21st Century stock for sure.

[gac100] 17/4/2007 11:00

This is great to see:

"further evidence that the water industry's AMP4 programme is now starting to show signs of increasing spend levels"

as HYD's water and wastewater division is a big part of its business.

[gac100] 17/4/2007 10:53

Indeed



another big contract

[stegrego] 17/4/2007 10:50

Ooo - somethings a foot...

[rivaldo] 15/4/2007 09:54

HYD's recent results included reference to "strong sales growth" in Australia and New Zealand as well as the USA. For reference I've just come across HYD's NZ distributor, Hynds Int'l. They issued a press release on 20/3/07 highlighting their appointment to distribute HYD's Up-Flo filter:



"The Hynds Up-Flo™ Filter's multiple treatment capabilities – settling, screening and filtration – combined with simple installation and ease of maintenance make it the most effective and economical stormwater treatment system available. From a simple retrofit application to standard manhole configurations or even large vault systems, the Hynds Up-Flo™ Filter is the future of stormwater treatment"

And lo and behold, just three days later on 23rd March they announced the first sales!


Extracts:
"The new Hynds Up-Flo™ Filter, recently launched in New Zealand, has made its debut at the exclusive Orakei Marina in Hobson Bay, Auckland. Three Hynds Up-Flo™ Filter systems have been installed in the marina carpark's Northern, Central and Southern catchment areas, treating stormwater runoff from a total of 11,790m² of grass and paving."

"Orakei Marina's design incorporates environmental principles to ensure minimal disruption to the sensitive ecology of the area. In choosing a system to treat stormwater runoff from the marina's carpark, Orakei Marina Development Ltd looked for a product which would achieve optimal treatment levels in this high traffic area. "Surface grit and oil from the carpark would be very damaging to the environment if simply washed into the sea," said Tony Mair, Project Director for Orakei Marina Development Ltd. "The Hynds Up-Flo™ Filter proved to be an efficient and economical solution, able to cope with the high flow rate of stormwater expected in the carpark's catchment areas.""

[rivaldo] 12/4/2007 14:58

More evidence of HYD's US growth - the appointment of a Finance Manager:



"Hydro International Names New Finance Manager
11-Apr-2007

PORTLAND, Maine -- April 11, 2007 - Hydro International, a leading provider of environmentally sustainable products and innovative solutions that control and treat stormwater, wastewater and combined sewer overflows, today announced the hiring of Kristy B. Greco as Finance Manager.

Greco comes to Hydro International from L.L. Bean, where she served as a marketing analyst, responsible for a wide variety of functions including the development of catalog mailing strategies and customer information controls. Prior to her three years at L.L. Bean, she held auditing and financial jobs at IDEXX Laboratories, SensAble Technologies and Pricewaterhouse-Coopers.

Greco will oversee financial analysis and reporting functions for fast-growing Hydro International, which supplies stormwater and wastewater management systems worldwide. She will report to the Group Finance Director and Company Secretary Anthony Hollox and President of US Operations Edward Izzo.

"We are pleased to be bringing aboard someone with Kristy's knowledge and experience to the Hydro team," Izzo said. "We look forward to leveraging her expertise as we embark on growth initiatives here in the U.S. and throughout the world."

Greco earned her undergraduate degree at Smith College in Northampton, Mass., and she is completing work on her MBA at the University of Southern Maine in Portland this May. She is a resident of Auburn, Maine."

[rivaldo] 10/4/2007 12:02

Hard to credit isn't it?! Anyway, I managed a small top-up and will be buying more if funds become available (I've been piling into MTT with my AIM funds as it seems an excellent play imho just pre-results on 25th April).

Interesting report from Frost & Sullivan today with some bearing on HYD:



LONDON, April 10 /PRNewswire/ -- The European Water and Wastewater
Disinfection Market with an estimated size of about US$500 million in 2006 is set to experience high growth rates n the next few years."

"The emerging trend is towards the use of more than one
technology to disinfect municipal water and implementing a multi-barrier
approach to safeguard the health of municipal end-users. The rising demand
for high quality process water for industrial applications and impending
industrial wastewater disinfection regulations will see the industrial
disinfection segment grow rapidly over the next decade."

[nhb] 04/4/2007 18:08

Golly, even for HYD this has been an underwhelming reaction to such a relatively large contract win.

[rivaldo] 04/4/2007 11:39

My news alert sent me this PDF - an update from Jan'07 of a Washington State approval of HYD's Downstream Defender, with descriptions etc: