Hydrodec Share Discussion Threads

[trentendboy] 03/8/2018 07:29

Are we reading different results?Clearing major review of operations.May need more cash - dilutionAUS looking on last legsClosed loop only theoretical

[1savvyinvestor] 03/8/2018 07:27

Tree shake to all time lows but should be good recovery play from here

[tonytyke2] 03/8/2018 07:25

Hmmmm….latest reported performance is good and I like the sound of this closed loop refining model. Could be good!

[capricious] 27/7/2018 08:47

Someone has been reducing but there hasn’t been enough buying to match

[targatarga] 27/7/2018 08:22

Anyone feeling brave enough to have a dabble?

[1savvyinvestor] 24/7/2018 10:16

what is going on here? You can sell large amounts of stock but can't buy anything. Any explanation?

[capricious] 22/6/2018 13:36

Yep, site access, at least for me, for around 6 months, has been atrocious.

Doesn't connect, or when it does, it's often unbearably slow.

Edit: Their data centre had a major outage, and no date is given for the fix.


Regarding sp

The price action looked odd, or the spread which didn't reflect the trades going through... now jumping around.

[timmy11] 22/6/2018 13:23

2 250 000 bought at .015

anyone else having problem with lse bb today

[capricious] 22/6/2018 13:18

The relatively quiet board vs trade activity, suggests the majority are now cautious about reading into things, unless it's set in stone.

[tonytyke2] 20/6/2018 15:40

looking good IMHO

[targatarga] 19/6/2018 07:58

perhaps they're being supported above a certain price to allow the fundraising above a penny!

[targatarga] 19/6/2018 07:09

Expecting the worst imho

[targatarga] 18/6/2018 13:03

I suppose the main lender still gets his 10% interest!

[trentendboy] 09/6/2018 06:03

Smell of dilution or collapseMight be an entry price somewhere but further to fall first

[targatarga] 08/6/2018 13:02

Decided to unload my holding... Another in a line of bad investments.. gla

[tonytyke2] 31/5/2018 16:28

I am ok with those results as expected, business looks to be improving/turning IMO:

- First full year EBITDA

- Improvements in US with increased feedstock availability

- Increased demand for end product

- Margin strong and improving

[pr100] 31/5/2018 15:54

The shortage of feedstock excuse has been rolled out every year for a decade so it's probably never going to change. If anything, the problem should get worse.

Meanwhile, heavy losses are reported again, even after cost cutting - and even if it does include a small carry-over from last year's disposal, there doesn't seem any realistic prospect that Hydrodec can ever generate cash in its current form. Even after new acquisitions - assuming they can be funded - Hydride's core business looks doomed and may be destined for disposal if they can get something better off the ground.

Meanwhile, AB's pockets obviously aren't bottomless or he wouldn't have needed a credit facility.

[capricious] 31/5/2018 14:16

The charge is on his entire portfolio, which includes the Hydrodec holding. Unless the portfolio is one of many and the other holdings are nominal, then it's less likely to be what you describe.

I'm more inclined to think given the recent cash injection without interest, he isn't walking away. The revolving credit piques my interest... how large a facility?

Could be anything. Slickers is expanding, and he has other businesses, including that around his love of horses/racing. There is possible future Hydrodec expansion, and a date in September where the next long term strategy will finalise. The least happy outcome, is not so much what you posted but seeing the company go private, just as operationally speaking, the only thing holding them back, is fulfilling the strong demand for their excellent product.

[pr100] 31/5/2018 12:58

The Andrew Black RNS is not good news. This is a device used in the past by some dodgy directors to divest shares simply by walking away from similar secured credit facilities - all while still claiming full ownership.

That may not be AB's intention of course. Indeed, he may be effectively raising cash against his existing shares to fund some new Hydrodec expansion or acquisition.

But until this transpires, this deal doesn't look too good.

[1gw] 31/5/2018 11:34

Interesting time to slip out the results - lunchtime.

Outlook statement holds out some hope, not least a date (September) for concluding and implementing its review of growth options.

"Despite a challenging Q1 2018, and subject to delivering its principal objective of accessing further feedstock, Hydrodec's business continues to offer significant upside with a strong forward order book in the US; the first material sale of carbon credits and excellent quality production. The Board is pleased to report that recently all six processing "trains" in Canton have been operating - the first time, save for a few days in January, since August 2017 - due to improved feedstock supply driving utilisation.

The Board is also focused on developing a stronger balance sheet and finalising the Board's review of its various growth options, which it intends to conclude and implement by the end of September 2018. These include opportunities for internal and organic business growth as well as strategic acquisition opportunities and partnerships if, and only if, they are seen by the Board to add shareholder value."

[dailylarma] 02/5/2018 23:12

Take it on the chin Feedstock troubles that they can't seem to resolve.

[capricious] 02/5/2018 08:20

I had wondered when there was a slight delay with the RNS.

To be honest, for me, the the picture is one of what could be a very profitable business, only held back by feedstock constraints. I posted here or elsewhere, that the particularly bad weather would have an impact. Things will improve somewhat from Q2 but only significantly once they source better feedstock partnership deals.

Even with lower volumes, they had better EBITDA at Canton, than previous years.

[corrientes] 02/5/2018 06:42

and so it goes on and on and on and on, ad infinitum.

Will Mr Black take us out of our misery. He's had enough time to do this already,so I suspect not.