Hydro Intl Share Discussion Threads

[masurenguy] 07/6/2007 08:39

Riv - cheers for the PH data

[mustau] 05/6/2007 15:29

Riv,

Not questioning share price rise, merely advisers sluggish interest.

[rivaldo] 05/6/2007 15:14

Mustau, I'm up 140% in 2 years, and the share price is up 30% in the last month and a half with perhaps lots more to come. The price is lovely and steady at these new highs too. I've complained bitterly about Peel Hunt in the past, but they seeem to be turning their act around a bit now. I really can't see how things can go much better!

Nice slow rises like this are just perfect - not too much volatility, the chance to slowly build stakes if you're a PI etc.

LPF, if someone else wants to do it fine, but not me - a permanent link seems a bit blatantly in your face to me in terms of copyright.

WIAL, will try to send it on asap.

[mustau] 05/6/2007 15:03

Even with the recs not much interest, surely HYD needs promoting by their broker/adviser more effectively.

[what is a login ?] 05/6/2007 14:58

Rivaldo, can I have a copy of the PH note, please? Login

[lpf] 05/6/2007 13:24

Colour me crazy - but why doesn't someone just upload it somewhere and post a link here?

[rivaldo] 05/6/2007 11:53

All sent now - better remove your e-mail addresses.

[masurenguy] 05/6/2007 11:30

Hi Riv - have emailed your hotmail address.

[nhb] 05/6/2007 11:15

Thanks Rivaldo.

[rivaldo] 05/6/2007 10:04

All sent except Masurenguy.

[alan russell] 05/6/2007 09:31

edit - thanks

[orange1] 05/6/2007 09:20

Many thanks Rivaldo

[gac100] 05/6/2007 08:47

Received, thanks Riv.

[rivaldo] 05/6/2007 08:45

No probs gac - maybe you or others can return the favour on other companies one day. Orange1 and gac, sent. Masurenguy, in case you missed it I haven't got your details.

[rivaldo] 05/6/2007 08:14

Sent to Cambo and Stegrego. M, would you mind leaving your e-mail address, I've, erm, mislaid it! Ta.

[orange1] 05/6/2007 08:00

Thanks, Riv.

[cambium] 05/6/2007 07:43

cheers

TIA

[masurenguy] 04/6/2007 23:50

Riv - appreciate a copy too !

[asparks] 04/6/2007 20:58

thanks riv

[rivaldo] 04/6/2007 20:46

If anyone's interested, I now have the new 10 page Peel Hunt note on HYD dated 31st May. Leave your e-mail details - I probably won't be able to send it till tomorrow though, so if you only want your details up for a shorter time I suggest you wait till tomorrow.

The note is based upon a 195p share price. The summary page reads rather well, concluding that HYD is on a "modest" rating....

"EPS has grown by over 15% each year since 2001. This is driven by a
strong suite of products with IP developed by Hydro International in
addition to bought-in third party IP where appropriate. This makes it
a very strong player in its niche.


We have raised turnover and profit numbers. Our 2007E PBT is
increased to £2.25m pre goodwill amortisation.


This business remains cash positive and cash generative.


Recent contract wins as well as results demonstrate that the
2005 acquisition has integrated and grown well. This is indicative
of management's ability to extend the business model and manage a
turnaround proposition, albeit a modestly sized one. Hydro
International has a forward looking, but low risk, business
development strategy.


Environmental spending is driven by a wide series of legislative
and regulatory factors. In addition private developers, who might
have to utilise increasingly environmentally sensitive land as the years
go by, are under increasing pressure to minimise water-related
environmental impact.


Hydro International's AGM last week included a positive outlook
statement. Work driven by the UK regulatory cycle until recently was
at a low level of spend, but appears to be now rising. A good contract
in a new area has been won and the US remains in expansion mode.


We consider the rating, on the upgraded growth, to be too
modest – even after the recent price run. This is often the case for
earnings-based valuations, but particularly so for EV-based ratios.
This is a very focused "green" stock and the net cash held should
allow the company to pursue expansion."