Hydrodec Share Discussion Threads

[capricious] 11/11/2014 20:22

Indeed, very encouraging.

[mortimer7] 11/11/2014 14:41

Interview with Ian Smale commenting on todays news, oil price, share price and future outlook. Excellent update for anyone with 5 minutes to spare.

[dirty75] 11/11/2014 10:05

that's good news, out of HYR hair now and they can focus going forward once more. Also explains why board weren't buying, as they normally come in sub/circa 10p. Perhaps they'll be mopping up now, if not then perhaps there's more news flow?

[mortimer7] 11/11/2014 08:29

RNS. Resolution of Insurance Claim:-

Another $3.05million.
Ian Smale: "This now enables the Company to move beyond a difficult chapter in our history and allows us to rebuild with confidence, fully funded, to recapture the growth, momentum and potential of the US transformer oil business interrupted by the incident in December 2013."

[kendonagasaki] 29/10/2014 21:28

QPP, QXL, ASOS, BLNX, MOS, MONI,GBO all but destroyed!What a shame but I'll tell you what..... This is free.The current competition in their market are not as good I grant you, but have the ear of the ones that make it happen.Comprende?

[capricious] 29/10/2014 17:24

latest update

www.hydrodec.com/download/pdf/press-release/canton-update-28-oct-2014.pdf


It's not going to help the share price much considering the wider market...

For further capacity elsewhere, the new design looks pretty impressive.

[capricious] 16/10/2014 12:05

Answered my question about SOR, brilliant!

Seems things are being well managed.

[capricious] 16/10/2014 12:01

Update from Hydrodec.com
www.hydrodec.com/download/pdf/press-release/canton-and-australia-update-15-oct-2014.pdf

[kattatogaru] 15/10/2014 09:18

Great news, and it looks increasingly like they will recover all the insured costs (though it's taken much longer than we had hoped). Happy to see that my previous estimate was correct ($12 M cumulative paid out up to September), if the figures issued in previous RNS still stand (my post of 22nd September) then there should be another $2.2-2.4M still to pay.

No need to panic on the SP, it's dropped with the rest of the AIM and been ridiculously volatile on very low volumes indeed. LTH may see this as a buying opportunity but DYOR as ever.

[mortimer7] 15/10/2014 08:19

RNS this morning:
US$3.7 million of further insurance payments agreed, negotiations continue.
Total paid or agreed so far now totals $15.7 million.

[mortimer7] 14/10/2014 16:13

When the fundamentals haven't changed & the price has dipped to these levels I believe this an opportunity to buy & average down.
The point on lower crude oil price may be valid, but I expect the OSS impact will compensate for that.

[capricious] 13/10/2014 19:52

It's really difficult to say, too high causes a squeeze because it generates too much competition for feedstock. As long as the collection channel can reflect the changing price it should stay within acceptable ranges. We're currently insulated somewhat by business interruption insurance, once that period is finished, having G&S provide feedstock, prices shouldn't suffer as much as they have done in the past.

We wont know until they give numbers.

Superfine is a recognised superior product, I see demand being steady, but can't say for sure about margins.

Hell, if OSS continues the trend of improving EBITDA, I'd imagine on its own it must be worth the current share price low.

[the shuffle man] 13/10/2014 15:47

I suspect that our margins may come under pressure from a lower crude price which is why the price is falling.

Can anyone confirm this ?

[capricious] 13/10/2014 10:30

Generally down with the wider market which is additional to the previous weakness, as we wait for further developments.

Apart from the reactor restart, I'd really like to hear about the co-location in Australia as well. This now might be tied up with the CEP engineering collaboration, as I think the SOR plants use that tech as baseline.

I'd also like to hear whether the existing plans of developing transformer oils, is still active. With the shrinking capacity of naphthenics based oils, and the market moving towards higher quality products, surely this puts moves the market in Hydrodec's favour.

[steptoes yard] 05/10/2014 14:58

Can I ask what caused some posters on here the references to mr Preens legendary status? I'm curious

[bdroop] 03/10/2014 08:33

I just listened to the most recent Ian Smale BRR media pr "fluff" in which he does say "all other business continuity issues are under control" ( when he was discussing Canton and insurance payments ) so maybe there's my answer on OSS. Small caps taking a small beating currently so this current drop feels to be in reaction to some of that. I think there's a lot of mixed messages within the market currently making it more difficult for people to make clear assumptions on growth or likely value...

[the shuffle man] 02/10/2014 11:46

Just a thought. Crude prices at lows and looking like they will fall further, is this likely to affect the margins that HYR can achieve.

The small cap market at the moment is very frustrating !

[dirty75] 02/10/2014 11:26

this share price is getting silly, seems very cheap.

[capricious] 01/10/2014 17:49

If I recall the numbers for oss are encouraging.

FY 2013 EBITDA was 10k.
2014, 6 months to Jun that was 50 times the value at 500k.

Now this doesn't tell the whole story, but is a good comparison as to the progress made by the team at Hydrodec.


As you point out, there were legacy debt issues, and even when the business cycle turned positive, oss were not able to service the sales to generate profit. The timing was perfect for the purchase, but for real future growth and longer term stability, Hydrodec need to merge their tech.

[mortimer7] 30/9/2014 10:24

By way of reassurance, last year when the OSS deal was done KPMG were quoted as saying
"During the marketing process, it soon became apparent that the combination of Hydrodec’s technology and OSS’s access to used oil made them an excellent strategic fit"

[bdroop] 30/9/2014 10:15

Thx Cap. I suppose I'm saying I hope OSS is profitable as a division in its own right since purchase and not a temporary drain on cash as it was loss making at the point of purchase. OSS numbers were explained at that time as not able to generate profits to eat into its borrowing. Again I feel that the BoD would have dug into the numbers at that point - so maybe I'm conducting a bit of sense checking post top up...