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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hydrodec Group Plc | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.25 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
02/12/2013 11:22 | Note on damages that have been reported. I'm pretty sure that the original site at Canton was built on a budget of $12-13m, that says to me someone took the total cost of the site and put that in an eye catching headline. Speculation as to the cost is just that, pure speculation. What we do know is that the fire was contained in the reactor building and under control in 3 hours. This alone tells me that it can't be the full amount. The board with their industry experience, BP and elsewhere, will be taking control of the situation and will release more news, including confirmation that they have insurance. Checking the time, it's 6 am in Canton, so most likely we will have to wait a while for further details. Update: another site says the fire was extinguished 1.5 hours after initial incident, not 3 hours. | capricious | |
02/12/2013 10:30 | referring to www.hydrodec.com/ir/ During the half year production was impacted by the failure of some production critical equipment which has now been replaced. The cost of the equipment and the loss caused by the interruption to the operations was insured. The insurance claim has been agreed and Hydrodec has to date received USD $0.5 million and expects to receive a further USD$0.75 million. The claim has been reflected within the first half results. and www.hydrodec.com/ir/ Revenue and operating loss Revenue and assets for both years are wholly attributable to the group's sole activity of the treatment of used transformer oil and the sale of SUPERfine oil, which are deemed to be continuing activities. Revenue in 2009 included loss of profits insurance proceeds totalling USD1,022,000 for heater failures which caused a temporary shutdown of the Canton refinery. I very much doubt they let the insurance lap | capricious | |
02/12/2013 10:19 | They've been operating since 2008 and long before that in Australia. Similar, but not as efficient technology/chemical process is employed globally. I personally have no concerns that any agency will say the technology is unsafe. They must pass a number of regulatory hurdles to even get off the ground, they also passed a number of EPA tests, although specifically for the PCB approval, it is the same process, it was deemed safe. Clearly a root cause is needed, the plant has been operating almost non-stop for 5.5 years, maybe a failure in a vital part led to the incident. | capricious | |
02/12/2013 09:57 | sea7 Thank you for posting the news report. We all owe much to the 2 employees who managed to cut off the inflow of flammable products before leaving. It would be surprising to learn that that the damage and loss of business are not adequately insured. For me a great concern is whether there might be something intrinsically unsafe in the HYR process. If the authorities conclude that there is, then HYR will not be allowed to start the plant up again. Plainly we have a period of uncertainty before us. | varies | |
02/12/2013 09:23 | I agree Cap - fingers crossed. | tongosti | |
02/12/2013 09:19 | In any case, we wont hear for a while what kind of lost adjustment etc, because investigations into how and why the incident occurred, will take time. What would be good, is in the next update, confirmation that the site it covered by insurance (forgone conclusion) and maybe if it includes business interruption, which I believe they used in the past. What we don't want is any delay on the other plans, these require the working capital they have just raised, so again, on the assumption insurance eventually pays out, Mr Black may give support/call to arms type thing, with potentially short term (6 months) loan*, to keep plans on track. * that's not to say this will happen or is needed, but just having the possibility shows there is still strong support. | capricious | |
02/12/2013 09:15 | Very unfortunate indeed. Until the management sheds light on a) costs incurred b) short to medium term business impact (on clients; on any twists in the partnership with G&S) we just can't assess the damage done. Not happy. | tongosti | |
02/12/2013 09:07 | Let's hope their Insurance policy covers business interruption & the premises damage. | mortimer7 | |
02/12/2013 09:02 | This is a significant setback, my worst case scenario, but I've been adding steady small* amounts, if Hydrodec can steer a clear path through this, and I'm confident on past performance, they can turn this into a stronger position. *small, as there is no guarantee at what level we will eventually reach. If it was going to happen, having some cash to burn, whilst insurance (on the assumption it covers) pays out and rebuilding takes place, is most fortunate. They had an insurance payout from a previous interruption way back, I'd think the board would never run things without continued beefy coverage, anything less would be mad | capricious | |
02/12/2013 08:50 | I'm not sure how reporters are giving a dollar estimate of damages, unless they got the figure from Hydrodec (which they would not have given), and it would be a total replacement amount. Employees acted quickly and it looks like they may have saved things getting worse, structurally or regulatory at a later date. If insurance does cover the damages, having working emergency procedures is probably essential, and when the various agencies investigate. | capricious | |
02/12/2013 08:43 | video footage - doesn't show much. www.fox8.com/2013/12 | sea7 | |
02/12/2013 08:42 | Everyone is safe and well, for that I'm thankful. The damage is contained in the reactor plant, obviously the most important part, but rather than spreading to the storage facilities (thankfully) and larger units, it may require less time to rebuild. When they do rebuild, can they increase the potential throughout of the system? Somehow they must turn this awful situation into an eventual positive. | capricious | |
02/12/2013 08:32 | Hopefully insurance will cover the damages, but how long that takes is anyone's guess. It might speed up construction for the expanded plant, or even plans for another location, as long as the G&S partnership can remain strong. | capricious | |
02/12/2013 08:28 | Just what they (and us) didn't need right now. Just need to wait for the cause and rebuild times. Wonder how much loss of earnings is covered by insurance? | stevedd | |
02/12/2013 08:21 | Firefighters said a portion of the plant is a total loss with damages estimated at $12.5 million dollars. www.newsnet5.com/dpp | sea7 | |
02/12/2013 08:18 | explosion at the ohio plant local news coverage with a picture www.cantonrep.com/ar | sea7 | |
02/12/2013 08:17 | So how long will it take to refurb the canton plant? | mattboxy | |
01/12/2013 22:23 | Thanks for your feedback SueY1 c- & agree QFI is now on investors & HNW & potentially Institutional Radars screen - amazed it's now above 40p | euclid5 | |
01/12/2013 22:05 | I was quickly going by: With 746m shares it's now £104.44m then? So to 10-bag it would need to get to £1,044m MCap. Can't see that happening until >2017 in that case. I will be happy with HYR being a 5-bagger for me though. When it gets there I will see if I think it might go further before I decide whether to sell or hold. | sueyou1 | |
01/12/2013 16:32 | Vita, you are correct, it will be 746m x market price | steptoes yard | |
01/12/2013 15:02 | Believe mkt cap much higher 746m shares in issue | vitamal | |
01/12/2013 12:31 | euclid5 1 Dec'13 - 12:14 - 14024 of 14025 0 0 Hi SueY1, Did you see the report in Investor's Chronicle last week p- they had a 10 bagger report list on AIM shares - other than QFI being in there they also mentioned HYR - what's your general view on them & do you think they can multibag similar to QFI - guess their market is not as large as QFI's? -------------------- euclid, yes HYR is a potential 10-bagger but IMVHO it will take longer than QFI. HYR is £59.1m MCap, so to be a 10 bagger we are looking at a MCAp of £591m, I can't see that happening until 2016 or 2017, whereas I see QFI being a 10-bagger from here in 2015. It is always wise to spread your investments across multiple stocks though, so I still hold my HYR, even though QFI has been far more exciting recently. | sueyou1 | |
28/11/2013 10:11 | Brokers posting the same late trades as yesterday, now with corrections and C flag What we really need is some news or info to support the new trading range. | capricious | |
27/11/2013 20:04 | Chart is looking good now :-) I think 20p may be coming in the next couple of months. | sueyou1 | |
27/11/2013 14:47 | Still some drip feed buying, showing as sells | capricious |
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