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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hydrodec Group Plc | HYR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.25 | 3.25 |
| Top Posts |
|---|
Posted at 19/5/2020 17:14 by dplewis1 Just needs to be wound up now .. poor Andrew Black must wish he never came across HYR! |
Posted at 02/10/2019 12:07 by wrecktangle Babbler I have been following you. I am in.Seller is in fact out and there have been some absolute monster buys landed this morning. The HYR drop has been massively oversold. It has gone from 42p to 10p in the last week. I am willing to bet this is going to re-rate massively. |
Posted at 30/9/2019 08:59 by 123gmtrader Nothing to work out tbh. They have cancelled the plan dividend for this year and say they will do one next year. Just another case of jam tomorrow. ofc, come next year the dividend may well be cancelled again. |
Posted at 29/9/2019 21:52 by knowing Trying to work this out;In its announcement on 8 October 2018 of the proposed placing and open offer, and in the associated circular to shareholders, the Company stated that "Subject to distributable reserves, the Company intends to introduce a dividend payment for the full year ending 31 December 2019". As the Company currently has negative distributable reserves, which would prevent a dividend being paid, the Board intends to take action to create distributable reserves to allow for future dividend payments where the performance of the business generates sufficient cash to allow for it. This is likely to involve a court-approved reduction of capital under the Companies Act 2006. In light of current year trading, the Board anticipates this process will be delayed until mid-2020 with a view to introducing a dividend payment for the year ended 31 December 2020. |
Posted at 28/8/2019 15:48 by 123gmtrader Several problems here I see.First off, talk of everything going to plan but what the market wants to see is profits and to date, talk is all there is. Secondly, the selling of the Australian plant took way to long with info dripped to the market. In the end, it was sold cheaply and for a second time the NED, Mr Black has picked up another bit of HYR cheap. Got to wonder if you can really trust any bod and whether they are helping their own. Thirdly, when they consolidated the shares, they made the shares very illiquid. So, anyone with any considerable holding selling will send the share price plummeting. This will ofc, work both ways but good news would need to be given to do that. Ofc they talked of delivering material upside for the shareholders, they want to hit the targets so they can claim their free shares. |
Posted at 13/8/2019 07:54 by 123gmtrader Ahhh..... the promise of royalties again.Did HYR ever receive any royalties from Slickers, also owned by Mr Black? Feels like being screwed over again. |
Posted at 23/6/2019 18:26 by 123gmtrader I can certainly see both sides here.First off, the Bear side. Hydrodec was formed years ago and has failed to become a profit making company, always offering jam tomorrow. A good example of jam tomorrow is the Australian plant. The board had suggested it would of been sold earlier in the year but we are still waiting. It has cost a lot more than expected in the last 6 months and there are still decommissioning and associated costs which are unclosed and then the priced quoted is going to be $0.6m less than expected. Will the royalties make up the difference? Finance has always been tight with the company with a hefty dilution last year. It is possible that HYR will continue to plod along always failing to not quite hit the figures due to some unforseen circumstance. The Bull side. To understand HYR you need to know the history of the company. HYR started back in 1992 under the company name CSIRO with the intention of removing PCBs from naphthenic oils. PCBs are known to cause cancer. In 2001 HYR was formed and in 2004 was listed on AIM. The first plant was built in Australia in 2006 and Canton (USA) was built in 2008. In 2011,HYR formed an alliance with a Japanese company called Kobelco, where they would use Hydrodec's technology to remove PCBs from from Transformer oils within Japan. In 2012 there was a massive earthquake just off the coast of Japan causing a tsunami which in turn caused massive destruction within the country. This is where HYR started it's troubles imo. In 2013 HYR bought up the OSS group after spending time looking for a European base. HYR now had positions in Europe, America, Australia and Japan. In December 2013, the American plant, Canton was put out of action due to a fire. It would be almost 2 years before the plant is back to full operations. In 2014 HYR's allance in Japan was ceased due to stricter laws on holding contaminated products. These laws came about because the damage and pollution caused from the earthquake in 2012. Also in 2014, was the start of the crash of the price of oil. In 2015, HYR bought ECO oil, which would be used to supply Hydrodec's plant, OSS. In 2016, HYR sold off hydrodec UK to A Black for £1. In 2016, HYR had Carbon Credits(CC)approved. In 2017, HYR sold it's first CCs and further patented it's technology. In 2018, HYR further patented it's technology for Europe. HYR also did a equity raise for £11.2m Investor talk of jam tomorrow and it can look like that but the fact is, HYR over stretched themselves, trying to run in too many continents before they could walk. So when and earthquake hit, followed by a fire and the the Oil crash, Hydrodec, who had not yet become profitable, was financially in trouble. The last few years the company was in dire straits financially and I believe most private investors did not understand how badly the company was. Chris Ellis was appointed interim CEO with the main job of keeping the company alive, primarily by reducing costs. Head office workers were reduced to a bare minimum as well as BOD with the company reduced to only 2 full time bod and 3 NE BOD. The placing last year saved the company, reducing debt and giving it some cash to allow increased purchases of feedstock. The company is now basically down to one plant, Canton, which is better placed to grow. The Australian plant has been a drain on cash and though HYR have taken longer to sell than anticipated and getting a lower price, the company will be financially better off with it gone. There is also talk of using Hydrodec's technology with Slickers (formerly Hydrodec UK. There is considerable holdings by the BOD and iis. Small profits from CCs but the benefit far out ways the cash. These can be used to offset other companies pollution and entice them to use cleaner oil in a world that is starting to see greater recycling needs. The company, having reduced the debt, has cash to use to help buy larger amounts of feedstock and its the feedstock, or lack of it, that has been a big issue. If they can increase the feedstock supply, by having greater cash available, the use of CCs and also by creating closed loop contracts then Canton will be able to increase it's utilisation rates. At a 70% rate, there is just a 35% cash return, but at 90% it rises all the way to 90% cash return on investment. There has also been talk of adding another train to Canton from the proceeds of the AUS plant. Due to the companies unique product which is protected in the US and Europe via Patent, there is going to be an increase of up to 50% in the retail price of the transformer oil. I really could go on and on, but to sum it up, HYR over expanded too quickly and when a series of events happened the company almost finished. Now with AUS plant almost gone, HYR are back to basics and can concentrate purely on the US. If only they had done that to start with! So what it all boils down to now is, can they procure enough feedstock? |
Posted at 07/3/2019 14:50 by capricious They’ve had a pretty good write up in a research note, in late February.They gave a target of £1, with longer term c £2.5... obviously counting on successful execution at each step. Of course, it’s HYR, so the share price drops. |
Posted at 08/10/2018 07:45 by sleveen I did warn about a probable placing, but oh no the CEO has loaned HYR money so no need for a placing.What about when the CEO wants his cash back...Oops. |
Posted at 07/8/2018 17:17 by 1savvyinvestor Had a long chat with a guy who is involved with HYR yesterday . It seems that Lord Moynihan is taking an ever increasing interest in the success of HYR. He has flown to the States several times recently and also to the Australia Plant. All options on the table for Australia including I presume divesting themselves of the operation. The strategic review is hugely significant to the future of HYR and there is obviously some excitement and enthusiasm around. They have no idea who has been selling. There is no obvious culprit!! No new CEO will be appointed until after the review is completed as it would be pointless appointing somebody who is not on board with any changes. All sounds pretty positive to me. |
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