Hydrodec Share Discussion Threads

[capricious] 26/5/2016 13:32

Kendonagasaki

Strange how you only come out from whatever troll hole you live in, when the price drops, regaling us all with your wisdom of future events, that have actually already past some while ago.

[capricious] 26/5/2016 13:30

Lets not forget also that today saw crude breach $50, with supply dropping in a continuing re-balancing of the market. Seems a strange day for a sudden drop, unless there is something as yet to come through.

[capricious] 26/5/2016 13:26

I think you may be right about the MM's being short of stock. The price action has been all about garnering selling with larger price drops on very small volume, and thus buying their end. The buy side doesn't result in much movement up. On one day you couldn't buy any stock for love or money

[martyarmstrong] 26/5/2016 10:38

So Ken it is obvious they are undervalued given the current fundamentals. This is priced as if if we're going bust, this is not the case. We are 5 months into the turnaround plan and funding is secure and it looks as if they are ready to ramp up from here on in. I make net asset value slightly higher.Had to go at best and picked up a 100k this morning. As far as I can see the shares are hard to get hold of in any great volume which indicates mm's may be short of physical stock.You called this right from 7p but it's far too undervalued in its current state, a viable business and dollar oil at $50 plus is better than $27plus so the indicators look ok from what I see.

[1gw] 26/5/2016 09:45

Big drop this morning on no obvious news and not a huge amount of volume. Is it just an extreme tree-shake from bored MMs, someone lining up some bigger sell volume, or is there some news around?

[kendonagasaki] 26/5/2016 09:12

They have definitely limbowed all the way down this morning.Valued at £18 million NAV around £29 million....strange times indeed?

[kendonagasaki] 26/5/2016 00:10

Kreature......not a lot of cash left?Mr Black has just had to open up a $2 million line of credit up for them, not the first time....at least the fir tires wages will get paid eh...?

[kendonagasaki] 26/5/2016 00:08

Did I forget to mention the $12.8 million dollar loss for last year?Did I mention that without another loan from Andrew Black they would be bankrupt?Now call me old fashioned but either Andrew Black is in love with his "bad" investment or he just has a fetish for continually backing incompetence.??Don't shoot the messenger...I wouldn't invest in here given the utterly poor performance indicated in the last set of accounts.Unless I was a total and utterly addicted gambler praying for a miracle that may happen.Nothing happening here IMO.

[capricious] 18/5/2016 12:09

On a positive note, the crude market is continuing to recover with some market watchers caught out with the speed of change. I think Nigeria is having significant production problems, and other producers are at least not ramping up output.


US paraffinic and naphthenic base oil supply has tightened, with orders being placed early. I would hope this contributes to an improving picture for Hydrodec and their partner G&S

[capricious] 18/5/2016 12:04

I don't know whether it's because it's more than one MM but a lot of the recent sells, I'm pretty sure, have been buys. Higher volume transactions don't normally garner a better selling price than smaller ones...

[kreature] 09/5/2016 19:40

How much cash is left ?

[capricious] 03/5/2016 14:36

So someone buying 250k gets the same price as an 8k transaction... I can see that on something like Barc but not HYR, at least not in the past

[capricious] 02/5/2016 14:53

It is a stupid comment based on the context you put forward; we've just had a full year statement and as part of the fiduciary rules and obligations, they have to project whether to the best of their knowledge, they are a going concern.

Probably because of the past problems, they made a point to say they are a going concern for 12 months, I'd say since that wasn't a long time ago, it'd be pretty much breaking the law to lie about that.


The MMs have been doing something, keeping a lid on the buys but changing price action to facilitate sells. I don't know why, maybe it's coincidence, or natural volume generation but it could also be they are working to a plan based on another agencies' plan that they have got wind of. Of course with the way they have tightened the spread by a factor of 5-10 times, it's difficult to know what is really sells and buys.


I say MMs but I include brokers as they work through MMs, so therefore the MMs could be reacting to what a broker is doing. I don't know how many MMs there are to provide liquidity but they are also in competition with each other, tightening spreads reduces the risk to them. The question is, do they think providing the buy side or sell side is the risk they are trying to mitigate. Since the problems are with buys maybe they don't want to be left short if the price recovers.

[vitamal] 29/4/2016 10:09

You can now sell above mid price but still can't buy as a quote and dealSomething very odd with one MM.on 2.10 to buy and the next 2 mms on 2.5

[vitamal] 29/4/2016 08:53

Can't buy on Barclays, but can sell

[corrientes] 29/4/2016 08:51

Stupid comment ? We'll see. Nowt so daft as folk who refuse to believe what they see on the graph.

[timmy11] 29/4/2016 08:49

cant buy on hl.co.uk

[targatarga] 29/4/2016 08:41

timmy - is that unable to buy through a broker?

[timmy11] 29/4/2016 08:38

stupid comment

try buying you cant

but you can sell

[corrientes] 29/4/2016 08:28

Gives every impression of heading towards insolvency,with assets to be bought for
virtually nothing. Pity.

[capricious] 19/4/2016 10:37

A buy just under a million raised the buy 0.05p! Awesome exciting stuff!

[capricious] 18/4/2016 16:45

Historic Hydrodec spread. 0.5-0.75p
Recent spread 0.05p.(today went to 0.10p)

With it being smaller by around a factor of 5-10, the MM has introduced a very fine control. Were they the ones to swallow the 12 million shares which changed hands recently? Being that it's very likely the MM would've got wind of what was in the RNS, what was the motive to change the spread not long before the April release, knowing the buying might continue?


Tin hat time

Clearly the RNS, although stating the obviously bad 2015 numbers, actually pointed to the US business getting back to a position where it might fulfil it's promise. So, my naturally inquisitive and suspicious mind wonders whether the price action is a way to control the price on the buy side. The volume is small relatively speaking but clearly, buying has strongly out-weighed sells, as presumably market participants saw passed 2015 (certainly at this price).

[capricious] 13/4/2016 12:41

I'm not sure the reason but the share price is being managed very tightly. Strong recent buying has been accompanied by raising the sell and not the buy, and or often a small reduction. There might be an overhang but when I see a 1.4m buy go through with the share price dropping, I start to think it's a little suss.

[corrientes] 13/4/2016 11:36

It looks very much to me anyway that the price is being managed down to take it private at a farcically low price when there are grounds for some optimism.

I hope I'm wrong, but this being an AIM company I expect the worst and to be cheated. What a swizzle.