Hydrodec Share Discussion Threads

[kendonagasaki] 13/4/2016 11:31

This is a rocky horror show getting worse by the day.

[capricious] 12/4/2016 12:58

The cost reduction for Australia is much bigger than I expected. If I've read it correctly, the relocation translated to a reduction in overheads of approx. $3.9 million.

For what was an underscale business, that is really good, should make Australia a much more serious contributor to operational performance.


Although much needs to be done, 2.5p seems cheap, todays results pointing to an improving picture, should underpin the share price a bit higher than now, lets see if we can get into the 3p range!

[capricious] 12/4/2016 12:28

That 2.56 million litre run rate, already equates to breaking through 30 million litres in a year. I think, although completely under played, (due to the new style) is a pretty big achievement by Q1, especially during a poor market backdrop.

We don't know what the current margin is but at least on paper, 2016 looks like an improving picture. Current production trends should have no problem servicing finance cost and 2017 for capex.

[capricious] 12/4/2016 11:32

I was worried when I saw the news link above the results but the headline was rehashing what we already knew.


The RNS reflects the new CEO's style, no fluff or over selling. And seriously, I think we need to thank Andrew, he's gone above and beyond, (beyond black and white business decisions)

The latter part of 2016 looks much better.

[1gw] 12/4/2016 10:44

Yes, good to see continuing references to a profitable 2016.

[the shuffle man] 12/4/2016 10:42

Looks like we should return to profit in 2016.

[mortimer7] 12/4/2016 10:32

"In order to reinforce the Company's working capital headroom, the Company announces today that it has entered into an agreement to extend its £2 million secured second working capital facility with Andrew Black, a Non-Executive Director, announced on 1 December 2015, by a further £2.25 million to £4.25 million"

[capricious] 12/4/2016 09:18

Maybe after todays close? I think we must expect the figures for 2015 to be bad due to the UK and the delayed start in the US. What will be key now, is the progress in ramping up Canton throughput.


Costs have been reduced (although they say there is room for more work) and if they can get close to the utilisation levels before the fire by end 2016, this should push them to profit and convince the market and investors for 2017.

[spike_1] 12/4/2016 08:32

Indeed, I was expecting them this morning too!
Best wishes - Mike

[1gw] 12/4/2016 07:55

Where are these full year results then?

[capricious] 08/4/2016 13:40

Are they trying to nudge people to sell? The spread is now 0.05p, never seen that on Hydrodec before. In some senses it seems better than the MMs artificially raising the price knowing that a fall is coming, possibly from hearing what is in an imminent RNS.

[the shuffle man] 07/4/2016 15:22

I got back in this morning as been watching on the side lines for a while. The disposal of the UK business looks a good idea. Don't see what the point of it was whilst there is no UK plant as we don't need the feedstock until its built. As I understand it the UK business was loss making so now that its gone they can concentrate on the rest.

Its all well and good having record production in the US but would be good to know if they are making any money on this.

If they can make a profit this year and are cash flow positive they do look cheap at these levels.

Think some year end tax planning was down to the latest sell off.

Lets hope they paint a positive outlook when the results are released.

[capricious] 07/4/2016 08:15

Saying that, we are now back to the familiar 2.5-2.75p range.

[capricious] 07/4/2016 08:14

Anyone else find the price action a little odd. Lots of buying volume but MMs drop share price to 2.15. Then on even more buying they introduce the tightest spreads I've seen on HYR whilst keeping it all in the lower 2p range. It certainly is creating volume, which is obviously the name of the game.

[capricious] 05/4/2016 10:42

Assume the movement in the note is related to tax planning

[capricious] 23/3/2016 07:20

Thinking about it I can't see an MM accepting such a large volume unless it was to facilitate a pre-arranged deal, either by two parties or the movement of stock by one?

[capricious] 22/3/2016 18:27

I missed that, didn't show up on my monitors


With that size I guess an rns will appear. Does anyone think Mr Black is adding?


This is not to speculate in any way but if it is Andrew that is adding, he's already close to the 30% rule, which I thnk means he can (or must, can't recall) make an offer for all the shares.


If someone needed to offload, which they did, if this is the start of an improvement (not withstanding 2015 numbers) it could be a bargain...

[vitamal] 22/3/2016 17:24

What about the 12m sold this morning ?

[capricious] 22/3/2016 13:00

Not sure where the 10m shares were transfered to but since we've not had any other rns, I guess the mms have absorbed the volume... so for a while, as by the looks of the price action, the overhang is being cleared. This of course could be completely wrong but I find it an interesting topic.

[m1ked] 21/3/2016 15:38

My opinion is that the only negative now is the danger of Mr Black taking advantage...otherwise the major drawbacks have been removed and Canton seems to be on the up (or is that just selective hype? Being an AIM share you never really know...)

[capricious] 21/3/2016 08:23

I imagine that some of the very recent drop was the disposal in the RNS, lets see what happens as that overhang clears

[capricious] 18/3/2016 15:59

WTI now over $40 from the lows of $26.

[capricious] 18/3/2016 15:55

Haha, good luck m1ked!

[m1ked] 18/3/2016 15:38

Obviously there is significant risk here, but I've taken this dip as a chance to top up a little...being an ex virotec shareholder who has hung in ever since, I only need us to hit 17p now to break even (lol)...wish me luck !!

[capricious] 18/3/2016 12:37

Hmm interesting, we had a few days were buys outweighed sells a fair amount, and yet the share price was pressed down. We then get today which is clearly another almost buy only day (correction it is a buy only day as of 15:56), and the share price is kept on a very tight cap. Obviously not withstanding actuall company issues, I imagine at the moment, it's a lot to do with the MM generating their bread a butter. AIM shares with one or a very limited group setting the prices, is always prone to such things.