Hydrodec Share Discussion Threads

[123gmtrader] 30/9/2019 08:59

Nothing to work out tbh. They have cancelled the plan dividend for this year and say they will do one next year. Just another case of jam tomorrow. ofc, come next year the dividend may well be cancelled again.

[knowing] 29/9/2019 21:52

Trying to work this out;

In its announcement on 8 October 2018 of the proposed placing and open offer, and in the associated circular to shareholders, the Company stated that "Subject to distributable reserves, the Company intends to introduce a dividend payment for the full year ending 31 December 2019". As the Company currently has negative distributable reserves, which would prevent a dividend being paid, the Board intends to take action to create distributable reserves to allow for future dividend payments where the performance of the business generates sufficient cash to allow for it. This is likely to involve a court-approved reduction of capital under the Companies Act 2006. In light of current year trading, the Board anticipates this process will be delayed until mid-2020 with a view to introducing a dividend payment for the year ended 31 December 2020.

[dave4545] 27/9/2019 15:23

Don't think he will be too concerned.

He switched to Iqai below 7p

[rumobejo] 27/9/2019 15:19

Nice 1 Babbler, ramping didn't go well, did ur m8s ci$co kid and mr Laura oiled you here?

[123gmtrader] 27/9/2019 11:19

I'm surprised you took the risk here Babbler as you've been trading for years.

The results were an absolute shocker.
Two year plan to turn the company around. They said in the last results that everything was going to plan yet in the last 6 months feed stock issues have arisen from G&S and they said nothing. Canton has gone from EBITDA profit to a lose.
If the Australian plant had not been sold the loss would of been huge.

Cash wise they say they have enough to last 12 months (if you believe them)but that is only with an additional 3 million from Mr Black.

Market cap of about £3.4m,enterprise value of £18m which means they owe approx £14m which is more than the Intrinsic value of the company.

Then you have to question the appointment of David Dinwoodie as CEO who in his short time sells the Aus. plant to his boss Mr Black. Job done and he leaves because of conflict of interest. You can say that again.

Imo, the only reason the share price is not 3p atm is that there are buyers at the support level. This will make its way lower over time and I'm guessing Mr Black will pick up the rest of Hydrodec in a year or two.

[yump] 27/9/2019 11:17

Tech is worth nothing if you can't use it to make a profit and they've been trying for however long.

[babbler] 27/9/2019 09:53

got stopped out for small loss. Guess the market hates this one. Gl.

[the millipede] 27/9/2019 09:43

Agree gmtrader. I bought in about a year ago hoping for a turnaround but accepted this morning that this stock is never coming good. I am out.

[123gmtrader] 27/9/2019 09:15

"Blimey! Taken a truck load here. Sorry for LTH but anyone buying here sub 20p will make a decent return in short order. Cash and tech alone worth £10m with current market cap at £5m."

Nice thinking, but the company owes more than cash and tech value. These debts would be paid off before any shareholder saw anything. My money would be on Mr Black buying it cheap from administration.

[babbler] 27/9/2019 09:07

can sell at 18.1 when bid is 17.5. 18.4 to buy.

[123gmtrader] 27/9/2019 09:04

Unless the share price slowly trickles downward to 1p and Mr Black scopes up the rest of the company for peanuts.

[momentum1] 27/9/2019 08:57

Blimey! Taken a truck load here. Sorry for LTH but anyone buying here sub 20p will make a decent return in short order. Cash and tech alone worth £10m with current market cap at £5m.

[yump] 27/9/2019 08:54

This has been a dead duck for years now - beats me how businesses with no success manage to get investment

[babbler] 27/9/2019 08:53

ramp? Just saying it's a bottom fish. High risk one at that but hey. Market is boring.

[rumobejo] 27/9/2019 08:50

iLeeman (aka @Lee_trades) and @MrLarus sucked many newbies here ages ago before the share consolidation.

now ramp gang joining with ci$co and babbler to make a quick buck.

back to 2-3p pre consolidation

[itscominghome] 27/9/2019 08:39

Oh look, another Arden stock disaster. Every stock that firm touches collapses

[babbler] 27/9/2019 08:32

taken a bottom fish...

[1gw] 27/9/2019 07:11

Definitely not worth waiting for! Are they ever going to be able to get this back on track?

[1gw] 26/9/2019 18:28

Where are the interims then?

[corrientes] 28/8/2019 19:00

95% drop in share value over last few years. Isn't that wonderful !

[corrientes] 28/8/2019 18:58

How many years since there's been any good news from this company ?

[123gmtrader] 28/8/2019 15:48

Several problems here I see.
First off, talk of everything going to plan but what the market wants to see is profits and to date, talk is all there is.
Secondly, the selling of the Australian plant took way to long with info dripped to the market. In the end, it was sold cheaply and for a second time the NED, Mr Black has picked up another bit of HYR cheap. Got to wonder if you can really trust any bod and whether they are helping their own.
Thirdly, when they consolidated the shares, they made the shares very illiquid. So, anyone with any considerable holding selling will send the share price plummeting. This will ofc, work both ways but good news would need to be given to do that.

Ofc they talked of delivering material upside for the shareholders, they want to hit the targets so they can claim their free shares.

[1gw] 28/8/2019 15:22

Remember this, from as recently as 28th May results release?

"Now that we are halfway through the two year turnaround strategy, we are confident we can execute upon this and deliver material upside for shareholders whose loyalty we hugely appreciate."

Of course, someone needing to liquidate a position is always likely to give a kicking to the shareprice, especially in August, but it's not encouraging seeing the shareprice sink like this, is it?

[yump] 28/8/2019 15:04

I think the question is now, whether its worth selling what I've got left at all.

The difference between 10 pints and no pints is only a week or so in our house.