Hydro Intl Share Discussion Threads

[rivaldo] 03/9/2008 14:55

A random thought - HYD's US acquisition (Eutek) was perfectly timed on 5th May. Then it cost around £4.2m, but at today's $1.77 it would now cost around £4.7m. Quite a difference.

HYD achieved 8.15p adjusted EPS in last year's H2. If they merely make this again they'll make 13.54p EPS this year. i.e virtually spot on Peel Hunt's forecasts.

Eutek annualised would make £7.8m turnover and £1.17m PBT based on the two months to 30th June. Pretty impressive for a business only costing £4.2m (with additional consideration based on turnover).

There are one or two negatives (cash flow, order book for example), but unless I've missed something these are very reassuring results, with overall growth compensating nicely for the economic downturn and huge growth potential remaining worldwide, especially in the USA and Europe following new legislation.

[rivaldo] 03/9/2008 07:55

Pretty good H1 results at first look considering economic conditions - for the generally weaker first half adjusted EPS is up to 5.39p from 3.82p.

I like the confidence in the outlook statement, and Eutek seems to have contributed extremely well - £196k PBT in only two months.

In particular, these results have been achieved despite delays in UK water company AMP4 spending etc etc.

The story continues to unfold. Off to take in the detail now.

[romi2nikki1] 29/8/2008 21:30

Extreme Rain

Nothing very conclusive about whether heavier rainfall is becoming more common, after matching rainfall events against longer term records. Computer simulations of atmospheric conditions suggest that heavier rainfall will become commoner.

Anyone on this board ever reported builders leaving aggregrate etc on the roads, I did recently to Yorks Water ( Kelda), and they could not have been more disinterested. I knew it was a local authority thing, but thought Id test the water, and tease them about Storm Defenders. Anyway the worthy public servants of Barnsley, have not been back to me.

[rivaldo] 28/8/2008 14:51

Interesting snippets from Impax's results out today (for newbies Impax are a large shareholder in HYD):



"Water Treatment and Pollution Control
Several countries experienced water scarcity and pollution issues
first during the first half of 2008. The Spanish government
introduced measures to relieve the impact of the driest winter in
memory, including diverting water between regions to ensure supplies
to 2.5 million people in the southeast. Meanwhile, as Australia tried
to recover from the worst drought on record, the government announced
that US$ 12 billion will be spent over ten years to improve water
efficiency and productivity. There have been a number of developments
in China in advance of the Beijing Olympic Games including a cut in
sulphur dioxide emissions by 6% in 2008 and an upgrade of wastewater
treatment capacity by 12 million tones per annum.

In January, a report from the US Environmental Protection Agency
(EPA) estimated that US$ 200 billion of capital investment is needed
in the US to control wastewater pollution and meet the objectives of
the Clean Water Act. The findings represent an 8.6% increase on
previous estimates reflecting population growth, higher water quality
standards and ageing infrastructure. Separately, the UK government
announced plans for an independent review into domestic water
charging, which could lead to compulsory meters in areas of 'serious
water stress' by 2030."

[rivaldo] 27/8/2008 14:13

News:



"Hydro International Sponsors the 11th International Conference on Urban Drainage
15-Aug-2008

11ICUD - 31st August to 5th September 2008
The Edinburgh International Conference Centre, Scotland

Hydro International is pleased to be a major sponsor and exhibitor at the 11th International Conference on Urban Drainage, 11ICUD, to be held at the Edinburgh International Conference Centre for the week of 31st August to 5th September 2008. The conference will inform urban drainage professionals, designers, practitioners and researchers of the latest advances, concepts, design and best practice across all technical, environmental, social and economic aspects of urban drainage.

A working model of the Storm King® Overflow with Swirl-Cleanse™ wet weather treatment system will be on display on our stand at Booth 2 along with a number of other product demonstration samples. Representatives from our UK, US and Irish offices will be available throughout the conference for informal discussions.

Professor Bob Andoh, Hydro International's Director of Innovation, will be providing a keynote address entitled "Innovations and paradigm shifts for integrated urban management" on the morning of Wednesday, 3rd September. Other presentations by Hydro personnel will relate to: stormwater and CSO treatment, flow control for flood alleviation, SUDS and laboratory and numerical methods, together with work resulting from collaborations with leading academic institutions, including the University of Exeter, Liverpool John Moores University, the University of Sheffield and the University of Alabama.

Hydro International will also be hosting a workshop/panel discussion on Monday evening at the start of the conference. The workshop will include speakers both from the US and UK to allow parallels to be drawn between the Water Framework Directive and the US Clean Water Act."

[rivaldo] 26/8/2008 21:43

On 18/10/07 GT notified he'd reduced from 700k shares to 540k, so for him to now notify that he's increased again, just before the interims, is intriguing. Certainly wets the appetite. He knows this company better than most, that's for sure.

[nhb] 26/8/2008 16:29

That latest announcement looks like Guy Thomas buying 35,000 shares. No?

Quite reassuring if it is right.

[rivaldo] 18/8/2008 11:59

Continuing to move on up.

Reassuring from HYD's point of view per the above story that these environmental and anti-pollution projects are agency-funded and not wholly subject to the vagaries of local authority funding.

[rivaldo] 15/8/2008 10:34

More coverage from the USA:



"Bucksport Officials Unveil New Combined Sewer Overflow Plant
Written by Cyndi Wood
Thursday, August 14, 2008

BUCKSPORT - In previous years, excess storm water would overflow from the town's treatment facility and land in the Penobscot River untreated.

No more.

On Aug. 8, town officials unveiled the new combined sewer overflow (CSO) plant on Main Street.

The CSO plant treats water that exceeds the capacity of Bucksport's wastewater treatment plant.

"This is the first time in the history of our community that we are collecting all the waste generated by this community," Town Manager Roger Raymond said at an open house Aug. 8.

Representatives from the Maine Department of Environmental Protection, U.S. Department of Agriculture and Hydro International, the Portland-based firm that built the plant's vortex separator, were on hand for the event.

Designers from Wright-Pierce, the New England engineering firm that designed the project, explained how the CSO works and why its design was chosen.

During an intense storm, when the town's primary wastewater treatment facility overflows, the excess water is pumped into the CSO. There, the vortex separator spins, separating solids from liquids. The water is purified with chemicals and then released into the river.

The plant is fully automated and requires little maintenance.

It has been operational since mid-April and has been activated once so far.

The various officials gathered at Friday's opening event, lauded the project for being cost effective, energy efficient, environmentally friendly and attractive.

The USDA and DEP funded the nearly $2 million project."

[iglet] 13/8/2008 16:01

You're right - should read "does not" - my fingers are too fat, old & wrinkly.

[rivaldo] 13/8/2008 15:48

Iglet, have you omitted a word and do you mean does "not" consist of....etc, or are you remotely serious?!!

[rivaldo] 13/8/2008 14:04

Marked up nicely again.

[rivaldo] 12/8/2008 19:51

News from the USA dated 6th August:



"Hydro International to Speak at Treatment Plant Ribbon-Cutting Ceremony in Bucksport, Maine
06-Aug-2008

Town to Unveil Installation of Hydro Storm King Systems to Treat Combined Sewer Overflows

PORTLAND, Maine – August 6, 2008 - Hydro International, a leading provider of environmentally sustainable products and innovative solutions that control and treat stormwater, wastewater and combined sewer overflows, today announced that Director of Innovation Robert Andoh will speak at a ribbon-cutting ceremony Friday, Aug. 8, to unveil the upgraded Combined Sewer Overflow (CSO) wastewater treatment facility in Bucksport, Maine.

Hydro International provided an innovative Storm King(R) system to provide Bucksport with an energy-efficient and cost-effective treatment system. It is the second installation of its kind in Maine, following a similar project Hydro equipped in Saco.

Town officials and representatives from companies contributing to the project will discuss the benefits the new high-capacity pump station and the vortex separator will bring to Bucksport. Hydro's Andoh will present an overview of how the vortex technology will treat and disinfect excessive sewer peak flows at the source, prior to discharge into the Penobscot River.

"We are honored to have been chosen to play an important role in Bucksport's innovative solution to the Combined Sewer Overflow problem faced by many communities in Maine and throughout the United States," Andoh said. "Deploying our advanced vortex technology at the point of discharge into the Penobscot River allows Bucksport to avoid much more costly alternatives such as increasing the capacity of the treatment plant or constructing additional sewer lines."

The Storm King® Overflow system treats the combined sewer and stormwater overflows that occur during heavy rainstorms. The Storm King is an advanced hydrodynamic vortex separator used for the effective removal of floatables, settleable solids and associated pollutants. The vortex technology spins the contents and allows solids to settle out cleanly and effectively.

The ceremony will start at 10 a.m., Aug. 8, at the site of the town of Bucksport Wastewater Treatment Plant."

[rivaldo] 12/8/2008 15:35

No change there then Mas re this stock! Always has been and always will be the case methinks, but hasn't done me badly so far.

I noticed the massive water sector expenditure programme outlined the other day by United Utilities, Bristol Water etc, no doubt to be followed by all the other water utility companies. A nice proportion of this should presumably flow HYD's way at some point.

[masurenguy] 12/8/2008 15:30

Yes - but on a miniscule share volume (less than 5k) and an awful spread !

[rivaldo] 12/8/2008 15:26

Nice move today.

[rivaldo] 03/8/2008 18:56

The other day I came across this page which has lots of HYD-related stories I wasn't aware of - Stormbank rainwater harvesting implementations, conferences on SUDS, stormwater drainage implementations etc etc. Useful to keep tabs on:

[rivaldo] 31/7/2008 10:47

StormCon's a big deal - HYD have now put out a press release on it. Did we know about the contract in Glasgow?



"July 30, 2008 11:18 AM Eastern Daylight Time

Hydro International to Discuss Flood-Control Solutions at StormCon Conference
Company to Showcase Wide Range of Valve Solutions At World's Largest Stormwater Pollution Prevention Conference in August

StormCon Conference
PORTLAND, Maine--(BUSINESS WIRE)--Hydro International, a leading provider of environmentally sustainable products and innovative solutions that control and treat stormwater, wastewater and combined sewer overflows, will showcase its full range of stormwater treatment and flood- and flow-control solutions at the seventh annual StormCon, the world's largest stormwater pollution prevention conference. StormCon will be held August 3-7, 2008, at the Orlando World Center Marriott in Orlando, Fla.

Hydro's flow-control devices are used to prevent upstream and downstream flooding at more than 17,000 installations worldwide. The devices come in large sizes: A new dammed reservoir in Glasgow, Scotland, features five Reg-U-Flo® Vortex Valve units for outlet control – each 7 meters in diameter – that will protect 1,750 homes and businesses adjacent to a large dam project. They also come small: 2-inch-diameter Reg-U-Flo® Vortex Valve units provide cost-effective stormwater storage outlet control for individual developments in the U.S.

Flooding has been a big issue worldwide the past few months, with major events causing widespread damage in the U.S. Midwest, South China and Burma.

"The recent flooding events in the Midwest and around the world have shown us how important it is to upgrade our infrastructure with more advanced methods for managing the risks associated with storm flows," said David Mongeau, General Manager of US Stormwater Operations at Hydro International. "We are looking forward to this opportunity to meet professionals at the industry's premier stormwater conference to discuss our vision for this very important problem."

Featuring nearly 140 presenters from 30 states and five countries, StormCon is the largest industry event in the world for professionals responsible for meeting the USEPA's National Pollutant Discharge Elimination System (NPDES) permit program requirements. These requirements seek to prevent natural water resource pollution before it happens.

Thousands of municipal and industry leaders, federal agency representatives, engineers, consultants, contractors, and vendors are expected to attend to learn techniques, management strategies, and new technologies to improve community, construction-site, and industrial stormwater pollution prevention efforts. More than 150 vendors will exhibit stormwater-related equipment, products and services.

Hydro International's exhibit will display its current portfolio of products which control, store and treat stormwater runoff. In addition to the Reg-U-Flo® Vortex Valve, Hydro will showcase the Up-Flo™® Filter, high capacity filtration system used for the control of sediments, nutrients, metals and hydrocarbons; and the Downstream Defender®, an advanced vortex separator with unique internal components that increase removal efficiency and prevent pollutant washout."

[williebiz] 29/7/2008 19:45

When stormwaters subside might = upside?

[rivaldo] 29/7/2008 19:41

Interesting happenings in the USA - HYD are founder members of this new association:



"The Birth Of SWEMA (Stormwater Equipment Manufacturers Association)
July 28, 2008

On June 3rd, 2008, at Alden Labs, a group of industry leaders put aside their competitive nature for a day to help establish the Stormwater Equipment Manufacturers Association (SWEMA). This association is a landmark event for the water quality industry, and environmental issues that affect our most precious resource - water!

This day was envisioned initially by John Moll of CrystalStream Technologies, but he was quickly joined by many others who had felt the need for such an association, but had not yet taken the steps to make such a meeting a reality. The new association is anchored by the following companies: AquaShield Inc., Best Management Products, Inc. (The Snout), Bio-Clean Environmental Services, Inc., BaySaver, Inc., Contech Stormwater Soultions, CrystalStream Technologies, Cul-Tech, Inc., Environment 21, LLC, Hydro International, KriStar Enterprises, Inc., Imbrium Systems Corporation (Stormceptor), Rinker Materials, Royal Environmental Systems, Inc., StormTech, LLC, StormTrap, LLC, and UltraTech International, Inc. The founders will be presenting their association to others to join as charter members at StormCon 2008 in Orlando.

The group viewed Alden Laboratories as the perfect "neutral" territory for an initial meeting, based on the decades of professional and unbiased testing and assessment of flow based technologies. If was only fitting that this historical event be held on the grounds of such a historically important facility such as Alden Labs.

The next meeting will be held at StormCon 2008 in Orlando, Florida on August 6th, 2008"

[rivaldo] 26/7/2008 19:31

KBC still reducing then. Again the share price has slipped a little but not much (particularly given the current market) so I assume the shares have been picked up, perhaps by Impax again.

[rivaldo] 19/7/2008 08:14

Ta Mas.

HYD are exhibiting next month at Stormcon in Orlando, "the World's Largest Stormwater Pollution Prevention Conference":



The full programme PDF is here - HYD are actually sponsoring breakfasts, speaking etc. Quite a big deal for a little British company:

[masurenguy] 18/7/2008 16:37

Here it is.