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Share Name Share Symbol Market Type Share ISIN Share Description
Hydrodec Group LSE:HYR London Ordinary Share GB00BFD2QZ40 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 68.75p 68.50p 69.00p 68.75p 68.75p 68.75p 1,079 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 13.2 -3.2 -0.4 - 19.51

Hydrodec Share Discussion Threads

Showing 4851 to 4875 of 4875 messages
Chat Pages: 195  194  193  192  191  190  189  188  187  186  185  184  Older
DateSubjectAuthorDiscuss
31/12/2018
10:04
I wonder how long it will take for the share price to reach zero.Its making a jolly good attempt at it.
corrientes
22/11/2018
14:17
Looks that way, long term holders wiped out in that respect. Apart from the fall in sp, and recent dilution, you could probably see a route back to 3p or 5p, with the turn in output... can anyone see £5? Funds & reduction in debt was required, unfortunately this was the price.
capricious
13/11/2018
07:29
Unfortunately the consolidation has made this untradeable - which is probably they wanted
1savvyinvestor
05/11/2018
16:26
Buys at 75Sell at 68
vitamal
05/11/2018
14:43
What would help, is if they released forward projections of revenue. Presumably the IIs had some presentations/discussions, around future potential. The good news is that operationally, they are much better than they were and any improvement, is from a low base on output. I’d be very interested in some Approx estimates at different theoretical output slabs, up to the maximum achievable. Quantifying the slicker collaboration etc, is harder but they must have some idea.
capricious
01/11/2018
15:41
So as the dust settles, it seems to me we now have the following major shareholders declared: 28.1% Andrew Black 14.1% Miton 9.4% Axa 6.4% Thesis 6.0% Killik 4.2% Gresham House So about 68% accounted for. Hugo Bulmer has gone under 3%. Not a bad shareholder base, I would say, and presumably looking forward to some solid gains on the 75p placing price. Just need the company to deliver now...
1gw
25/10/2018
06:55
Could have been worse. At least they raised a bit of extra money. Not a very impressive show of support from the directors I would say.
1gw
16/10/2018
14:47
I imagine if anyone had been willing to buy at a premium..... they would have done that!
the millipede
14/10/2018
20:52
The £10 million is already raised. They just won't get much or any more from pis if price stays this low . If they had raised at a premium they would have had much better chance of stoking a bull run . Very badly handled imho
1savvyinvestor
13/10/2018
10:45
Some of the board will take up the offer. Any amount received will help go towards Mr Blacks’ loan repayment deal. I imagine they have built their strategy using the II offer as a basis. The open offer being more for LTHs & the matter of dilution, plus a source of variable extra funds. It would’ve been nice if some revenue projections were released but at some point, the updates should reflect the lower costs and better cash flow.
capricious
12/10/2018
19:16
It's a lot of cash to raise and imho it is unlikely that they will raise it all with the share price where it is, so where will that leave the company?
encarter
12/10/2018
17:45
I presume most won't. But there might be some larger shareholders who couldn't buy their allocation in the market without moving the price above the open offer price - so they might go for the offer. The price moved up to 0.75p to buy yesterday afternoon with what seemed to be a relatively small amount of buying interest. The problem for the company is that if the market price stays below the offer price, they may not raise much money from the open offer. I suppose any existing holder who wasn't invited to participate in the placing and who believes the open offer funds would make a significant difference to the company's prospects might be tempted to buy enough shares in the market ahead of the offer to get the share price above the open offer price as the deadline approaches.
1gw
12/10/2018
17:31
Why would anybody take up the additional shares when they can buy cheaper in the open market
1squintyflinty
11/10/2018
14:08
I've bought some more. Trying to convince myself that getting them under the placing price ought to provide a margin of security. It doesn't get the money to the company in the same way as participating in the open offer would, but they need some buyers in the market anyway to get the price above the open offer price or they won't be raising much money that way.
1gw
11/10/2018
12:19
Hydrodec article - "Am I nuts for buying back in?" hTTps://cube.investments/hydrodec-hyr-am-i-nuts-for-buying-back-in/
rndm355
10/10/2018
14:01
The same 75p so currently investors can get in cheaper than offer.
capricious
10/10/2018
12:44
Halved since Friday! What price shareholders offer?
vitamal
09/10/2018
10:19
I think the final split was meant to eventually reach 48ish-50ish, if not simply 49-50. I may have misremembered the numbers. Regarding the feedstock isssue. Historically, there are long lasting factors that meant obtaining supplies is not straightforward but with the improving market, it’s now obvious Hydrodec’s cash position has been a major block. G&S has a reasonably large footprint, seemed strange that they couldn’t fulfill the original contractual estimates. During the crude crash yes but now, not so likely. For new investors it looks much better, pretty dire for existing ones, at least in terms of the next few years. I imagine if all goes as planned, and they make a profit, someone will buy it up... before the previous holders get back anywhere near the lost value. It does also bring me back to the more unusual way that Mr Black’s holding were recently used as a debt vehicle. Normally a man of his position would be able to raise debt in any manner but this way, the cash is given based on his holdings at the time. Mr Black has been a life saver, and kept the company from going under, more than once but the disappointment mixed with the good news, does niggle my cynical bone. The dividend is something of a sop but I suspect it’s still based on real forward (optimistic) projections. I’d like much more flesh on the details around Slicker collaboration, including the IP research. These things sound good but can absorb a lot of money, without putting anything back in the pocket. I’d also like actual projections on the likely increased feedstock. If they’ve identified sources, or future sources, there must be some numbers sitting on a spreadsheet.
capricious
09/10/2018
07:49
Thanks 1gw - yes now found the ownership split in the placing statement - G&S has 41.65% economic interest in HoNA. Presumably this means that Hydrodec only "owns" 58.35% of the "operational EBITDA" numbers that are quoted in the financial update section?
tradertrev
08/10/2018
22:28
Well I've had another look through this morning's announcement and I'm still really struggling to reconcile the 10th September statement "We are excited about what lies ahead for the Company and its shareholders" with a deeply discounted placing which is what we got. tradertrev - the non-controlling interest is the G&S interest in HoNA (Hydrodec of North America) I think. From reading the annual report, it seems Hydrodec sold G&S an interest in Canton (G&S supply feedstock). G&S contributed to the capital cost of the rebuild after the fire and as a result their stake in HoNA went up. I presume they must have looked at sale of the whole business to G&S as an alternative to the placing, but either G&S weren't interested or Hydrodec concluded that shareholders would be better served in the longer term by the placing - at least I hope shareholder value considerations came ahead of continued employment for the board. I wonder if anyone will try to resist the proposals, or indeed make an opportunistic offer for the company? It seems unlikely somehow.
1gw
08/10/2018
11:42
Taking a look at this in case the placing is yielding a buy opportunity. Looking at the interim results and the balance sheet, does anyone understand the "non-controlling interest" line? Out of net assets of $15.16million, it looks like just over half is "attributable to owners of parent company" and just under half to "non-controlling interests". What is really strange is that over the last year net assets have fallen from $19.9million with nearly all that falling on the owners of the parent company. The non-controlling interest line has barely moved. Does anyone understand what that means?
tradertrev
08/10/2018
11:34
I know there's been a problem with feedstock, but they have never mentioned it as being affected by working capital. If you know you need more working capital to solve the feedstock problem, then that to me should be a simple calculation ages ago, relating utilisation rate to cost of working capital. Pretty trivial stuff on a production line.
yump
08/10/2018
11:19
So they’ve secured at least the medium term future, at a heavy cost to existing shareholders. The eventual reduction in interest to loans will must mean they can cover central costs, with a little headroom. The main strategy is the US, with a secondary focus on advancing their IP, without being dangerously over ambitious.
capricious
08/10/2018
11:06
Feedstock has been talked about all year as a problem. That was known
1savvyinvestor
08/10/2018
10:41
Edit: ok got the decimal place wrong.
capricious
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