Hydrodec Share Discussion Threads

[capricious] 16/9/2013 13:49

The share price has stalled somewhat, but simplistically (without reference to debt loads etc), If we take the low of 8-8.25p before the deal, if you then effectively add double the current capacity on top, after the deal, are we really not expecting at least 15p+ as integration proceeds?

[capricious] 16/9/2013 13:41

Obviously we know where Mr Black put to use the cash raised, but here it is confirmed

Betfair edged up 1p to £10.56, shrugging off the disclosure that co-founder Andrew Black sold 600,000 shares in the betting exchange group, taking his stake to 3.93pc.
Mr Black said the shares were sold mainly to help finance a loan he had made to clean technology company Hydrodec, where he sits on the board. The group used the loan to fund an acquisition.


Ok it's not simply out of the good kindness, as it makes perfect business sense with the stake he currently holds and a way to unlock the potential, but from my reading, Mr. Black does put body and soul into the things he believes. Take the football club that he bent over backwards to help, which ended up spending a large chunk of his money and giving him sleepless nights.

[capricious] 13/9/2013 16:09

Still waiting for Edison to release their extended note.

[dirty75] 13/9/2013 15:59

i hope to see some good PR in the press this weekend, which results in more buyers on Monday

[mattboxy] 13/9/2013 15:21

1% is ~4.22 million shares
so they still need to buy a fair few
Hold em tight and make em pay top brass

[mattboxy] 13/9/2013 15:19

SVM Asset Management Limited HYDRODEC GROUP PLC GB00B02FJF09 0.85 2013-09-09
Looks like they enlarged the short to 0.97% on the 5th sept and the oss deal was announced on the 6th.
They ahve subsequently reduced the short to 0.85% on the 9th sept and presumably are still closing at a hefty loss.
Do i feel sorry for them ........ Do i Bo110x!!


SVM Asset Management Limited HYDRODEC GROUP PLC GB00B02FJF09 0.97 2013-09-05
SVM Asset Management Limited HYDRODEC GROUP PLC GB00B02FJF09 0.86 2013-08-29
SVM Asset Management Limited HYDRODEC GROUP PLC GB00B02FJF09 0.85 2013-08-02
SVM Asset Management Limited HYDRODEC GROUP PLC GB00B02FJF09 0.79 2013-06-28
SVM Asset Management Limited HYDRODEC GROUP PLC GB00B02FJF09 0.67 2013-06-21
SVM Asset Management Limited HYDRODEC GROUP PLC GB00B02FJF09 0.62 2013-06-14
SVM Asset Management Limited HYDRODEC GROUP PLC GB00B02FJF09 0.56 2013-06-05

[capricious] 13/9/2013 14:41

Looking good, surely SVM are also busy closing out the short

[capricious] 12/9/2013 19:43

Ok we have an answer, they have already started closing out

shorttracker.co.uk/company/GB00B02FJF09/all


Looks like a few days after adding to the short, they had to find an extra reverse gear pretty sharpish.

If they continue, we should see more in the share price yet

[capricious] 12/9/2013 19:41

No I think you were right Sue, considering the potential boost from the deal, 11p did stop things for a while.

I wonder what SVM are going to do.

[sueyou1] 12/9/2013 18:03

11p-ish not looking like it's going to be much resistance despite what the chart might suggest. The share price has eaten into most of the resistance range, breakout above 11.25p. 12p soon IMVHO

[melodrama] 12/9/2013 15:45

11's all round, Bid and Offer

[capricious] 12/9/2013 14:54

Checking my broker, 200k sell limit, but only 75k for buys... seems someone is happy for you to sell your holdings!

[downsize] 11/9/2013 08:28

The fit of the OSS purchase with the current business model to supply cost effective feed stock and cross sell to OSS clients has massive upside potential. This is only going one way. Up up and away!

[sueyou1] 10/9/2013 20:11

Well there we go hitting that 11p resistance area, easily visible on the left-hand side of the 6 month chart at the top of this page.

Good note from PH. Debt is now the biggest thing holding the share price back. HYR now needs to clear the debt or work on making nice profits to move that barrier aside.

[dirty75] 10/9/2013 16:43

copy and paste from iii

Good note from Peel Hunt yesterday.

Delivering on strategy

The acquisition of OSS is a further major step in re-orienting Hydrodec into areas with major growth potential, at the same time as securing feedstock and market positions. We increase our SOTP to 15.2p from 13.0p to reflect this and rate the stock a Buy. This highly experienced management team is delivering.

Financial impact. The deal enhances earnings in Hydrodec's first full financial year and by c40% in FY2015E. It is to be funded by debt provided by Andrew Black, the leading shareholder, with the result that net debt should reach c$32m at December 2013E. Management continues to evaluate all financing options available to it.

Valuation. We value OSS at 5.5x FY2014E EV/EBITDA, a 30% discount to the c7.5x forward EBITDA paid for Safety Kleen by US-based Clean Harbours in 2012 and a 25% discount to the FTSE 250 Support Services sector. This may be conservative, in that OSS's EBITDA should show above-peer growth in FY2015E. Our valuation is significantly above the price paid, justified by the opportunities for strategic expansion that it brings. We have also adjusted our timings and probabilities of success of the other plants to reflect current management thinking.

[mirabeau] 10/9/2013 09:35

Stonking buying here. Looks like insider buying

[sueyou1] 09/9/2013 17:49

11p looks like next resistance, lets see what it does when it gets there ;)

[capricious] 09/9/2013 16:29

A correction from a previous post - the latest deal wont effect the earn out clause from the G&S merger, as that is based on the US side of things.

[mortimer7] 09/9/2013 15:59

Really good couple of days for HYR. Let's hope it clears the shorters & the SP
continues upwards now.

[melodrama] 09/9/2013 15:43

Highest Vol day this year (shares not value)

[3dwd] 09/9/2013 15:35

Cleantech is always an area that Russians like .. see news on CAP LN ...

[melodrama] 09/9/2013 15:23

looks like short covering shenanigans

[mirabeau] 09/9/2013 15:18

Impressive buying again. They don't look like your average small investor either

[capricious] 09/9/2013 13:06

Hmm is that something to do with a short being covered?

[melodrama] 09/9/2013 12:18

Late trade booked 11 pence, 635,450 weird