Hydrodec Share Discussion Threads

[the millipede] 08/11/2012 20:07

Oh. Out of interest why? Shares mag recommended buying these at 53p some time back.... pretty much called the top of the price graph.Wonder if this sell rec will see us heading upwards shortly?

[jonesey3] 08/11/2012 19:42

STRONG SELL IN SHARES MAG TODAY !!!

[the millipede] 07/11/2012 11:23

Capricious, I have been wondering about the director buys too. I can only assume that, although the company had pitched for the recently announced contract, it had no idea of the likely outcome or the likely timing of the announcement till shortly before the RNS was released.What interests me is that the director buys moved the price so much. It implies to me that the directors were keen to avoid dilution from the CULS and did not want their buys to trigger a rally till after the cut off date for equity conversion. Not sure what others think? Anyway, I would say things are looking up and, whatever is going on behind the scenes, the buys are good news. All the best TM

[quilarvium] 06/11/2012 18:45

Anybody managed to top up at he low price today?

[capricious] 06/11/2012 14:00

Thanks Shuffle,

Having Edison covering Hydrodec couldn't come sooner.

Hi Vitamal, I believe they've discounted the funding from their research model. I'd have to read it again to remind me of which funding that includes, as there is likely to be a few at different stages.

Obviously the funding will be dilutiive, but a clear strategy to scale up the business model, will act as a major counter balance. Rather than funds being used for survival, we are moving into the stage where the markets can see the potential for growth and therefore the argument for further capital raising.

[vitamal] 06/11/2012 13:08

Thanks for that link

What does this mean?

"Excluding this near-term funding requirement, our base case gives an indicative value of 12.9p/share, rising to 25.2p as the discount applied for executional risk is reduced"

[the shuffle man] 06/11/2012 11:40

This just out

[the shuffle man] 06/11/2012 11:39

Agreed and the plant should be working to near full capacity with all this feedstock.

[capricious] 06/11/2012 11:33

Ah thanks Shuffle, to be honest, it's good news and confirms the momentum Hydrodec is having in changing entrenched industry attitudes, but isn't particularly material.

Although they are yet to receive confirmation as a zero/neutral carbon oil refiner, it could already be a good selling point. And of course, the board's broader reach is having a large impact. Exciting times.

[the shuffle man] 06/11/2012 11:23

The way the released the news was not through a normal RNS, but through an RNSNON which i think is an announcement that the company deems is not price sensitive.

I might be wrong so can anyone else clarify.

[capricious] 06/11/2012 11:18

I don't think the director buys were triggered by the news, but I also didn't think you were allowed if there were imminent announcements that may materially move the share price

I'm scratching my head a little, some of the larger companies I've worked for, if the work involved something that wasn't as yet public domain knowledge but may move the market, you were given regular reminders of prohibition notices about trading in the company shares.

Hi Shuffle, you mentioned an exception?

Anyway, the trading idiom, buy the rumor (not that we had any inkling) sell the news, couldn't be more apt.

[capricious] 06/11/2012 10:48

I've always thought, that especially in HYR's case, it's the MMs that have far more say in where the share price is, separate to any fundamentals. After all they provide the liquidity, and establish price parameters. With low volume and the underlying platform the shares are traded on, the effect is more pronounced. If they know that larger institutionals are in the market for buying x amount of stock at y price, it's amazing how that comes about. If strategy seems to prefer a lower sp, again, chances are that's where it will be.

I'm probably mistaken, but I thought there used to be some link between the broker and mm, but independent of the MM, if the broker is legitimately facilitating a strategy on behalf of their client, the aim share is likely to move accordingly.

With director purchases and a broker instructed to buy with no price control, this could be to create a rise in the share price with funding on the horizon. I'd still assume that Andrew Black would participate in funding, the eventual amounts that they need to raise, probably necessitates other sources.

[the shuffle man] 06/11/2012 07:48

So they release this news as an RNSNON which i presume is the reason the directors have been allowed to buy.

Great news on the feedstock, expansion is on the near horizon. Lets see how they plan to fund it.

[vitamal] 06/11/2012 07:08

Sorry I missed a couple of lords

[vitamal] 05/11/2012 22:53

Tricky isn't it Is it likely that mr Moynihan was aware that mr black was going to buy shares who in turn was aware that mr Moynihan was going to buy shares etc etc or did they all just go ahead with their purchases independently ?

[alanrussell] 05/11/2012 22:20

Knowing is one thing, promptly scampering off to the corner shop to buy a lot of goodies is another. Oh I know that sort of thing happens from time to time but a lot less than is popularly perceived. One reassurance we should have from Colin Moynihan's presence is that a chairman of his stature should not allow questionable behaviour from directors. I would have thought he would have clarified that before agreeing to act.

[vitamal] 05/11/2012 21:40

How unknowing can directors be to news just round the corner ?

[alanrussell] 05/11/2012 21:02

Some share price rise these last few days! I freely confess to be somewhat baffled by it all.

New high profile chairman - buys shares - price moves up - readily understandable.

Andrew Black then buys another chunk - not so understandable - price rockets. I'm struggling to see why he bought these shares. Nothing has changed re. the need for funding. Previously this has been in the form of a placing with Mr. Black at a discounted price (fair enough). So if another placing is coming up why would he buy shares in the market knowing that hard on the heels of the Colin Moynihan appointment/share purchase the effect would be to push the price higher and therefore with it any future placing price? Where's the advantage in buying 5m shares at a relatively low price rather than hold off and get a placing of 50m at a low price? Because funding isn't going to be by way of a placing to AB? Because there is good news coming? Most unlikely as Capricious has already pointed out.

Gosh, tricky this investing lark! And look at today's volume. How does that song go ...there are more questions than answers.............

[capricious] 05/11/2012 11:08

I don't wish to make light of the Sandy events, but there is often a short term boost as reconstruction is needed, this would include new power transmission equipment and therefore baseoil requirements.

[capricious] 05/11/2012 11:02

Hi Deeppockets,

It's not easy to apply such techniques to a small aim share as the volume is often so small. Saying that, when there is volume as we have now, it does loosely follow such trends. We have the 2012 year high in Feb of around 15-15.25p. This may act as resistance, until we get some news. Of course depending on the funding details, it may act as upward or downward pressure. With the sudden spike this morning, we have already turned on the 2010 year high, so once through, that's a pretty good sign. Targets past 16p would be around 19p, then 23-26p, which is close to the Edison Research note.

[deeppockets] 05/11/2012 09:41

That's true, perhaps just strong demand or Directors trying to buy more!

[the shuffle man] 05/11/2012 09:32

I would be surprised if there was news to come imminently as the directots wouldnt be able to buy.

[deeppockets] 05/11/2012 09:28

Any chartist got ideas of resistance levels and where this might get to? Or is there news afoot?

[quilarvium] 04/11/2012 20:18

Japan restructuring much quicker than expected and new deals sourced ahead of time in my opinion.All director buys we're bought out of a closed period and I feel the future will experience a quickening of fortune sooner rather than later.