tommy talent
09 Feb 2017
Price rise Price rise seems to be purely by Chartists. Loss of 20M. Dollars in last two years and Aviva has been selling at lower prices and has millions of shares to unload. These shares might be worthy of consideration in a couple of years,but a very risky bet at present.
Bonker
08 Feb 2017
Re: Chart request update Chart updated - looks pivotal to moi ...[link]
Artji
08 Feb 2017
SP rise Interesting move today to 2.45p-2.6p, but hard to see much lasting strength while Aviva are still selling, as they have another 87m shares to shift.Unless there's an offer for the company on the way, or some other such earth shattering news.
Bonker
08 Feb 2017
Re: Chart request update
Bonker
07 Feb 2017
Chart request update [link]
happyzone
30 Jan 2017
RNS - Good Results Monday 30 January, 2017HydroDec Group plcPre-close Trading UpdateRNS Number : 4157VHydroDec Group plc30 January 2017 30 January 2017 Hydrodec Group plc("Hydrodec", the "Company" or the "Group"
Pre-close Trading Update Hydrodec Group plc (AIM: HYR), the cleantech industrial oil re-refining group, is pleased to provide a trading update for the financial year ended 31 December 2016. Unuadited highlights for year ended 31 December 2016· Revenues from continuing core re-refining business expected to increase by approximately 100% to US$16.4 million (2015: US$8.2 million), reflecting the full recommissioning of the Canton plant at the end of 2015· Increased Group sales volumes of premium quality SUPERFINE transformer oil and base oil for the year of 33.3 million litres (2015: 14.4 million litres), up 130%· Continued improvement of plant operability, with an average utilisation rate of 73% achieved for the year, further validated by significantly lower number of production hours lost through unscheduled stoppages· Gross unit margins higher than 2015, despite lower product sales prices and challenging market conditions· Improved sales mix between higher margin transformer oil and lower margin base oil, with transformer oil sales representing 57% of total Group oil sales in 2016, up from 7% in 2015 · Significant reduction in corporate costs already realised with benefits from more recently implemented initiatives continuing to filter through into 2017· Group EBITDA loss from continuing operations significantly reduced in the year and expected to be marginally above market expectations. Group EBITDA expected to be positive for Q4 2016, despite the usual seasonal trends, providing the Company with confidence that this trend towards positive EBITDA at Group level will continue in 2017· Carbon credit approval enabling Hydrodec's product to be sold with a carbon offset and creating a future incremental revenue stream · SUPERFINE transformer oil in the US achieved "500 hour" quality status· Additional investment by G&S Technologies Group in Hydrodec of North America in October 2016· Disposal of loss-making UK recycling operations in March 2016 Outlook This update confirms significant progress in the turnaround of the Company over the past twelve months. Whilst the general operating environment for oil related businesses has improved recently, positively impacting the Group's pricing and margins, challenges still remain. 2017 has begun strongly in terms of sales orders in the US and Australia. Whilst the Australian feedstock position remains robust, the feedstock position in the US is tighter. Higher margin transformer oil sales currently represent c. 60% of total Group oil sales, with scope for further improvement through the year. In 2017, the Group remains focused on continued progress from its positive Q4 2016 performance, which will be driven by strengthening margins as the Group continues to grow market share and deliver further cost reductions and efficiencies where appropriate. This should enable Hydrodec to deliver positive Group EBITDA for 2017 as a whole. Chris Ellis, Chief Executive Officer of Hydrodec, commented: "I am pleased to report a move into positive Group EBITDA in the last quarter of 2016, as much of our recent hard work begins to pay dividends in terms of Canton's strong operational performance, our increasing penetration of the transformer oil market, and the impact of cost cutting measures over central corporate expenditure. Despite continuing challenges in a still volatile market, I am confident that 2017 will see a move for the Group towards full year positive EBITDA and look forward to reporting further progress."
jaxonsax
20 Jan 2017
Re: What happened Massive volume today - 23m and not even one o'clock. Appear to be lot of large buys.Some news coming??
Coeur de Lyon
11 Jan 2017
What happens next? Any idea what happens next?
tommy talent
11 Jan 2017
What happened Simple. One large sell followed by three large buys.
Eating Grass
10 Jan 2017
What happened? Someone must know what has caused this big drop is SP?
happyzone
12 Dec 2016
Sounding Positive HydroDec Group plcTrading UpdateRNS Number : 5112RHydroDec Group plc12 December 2016 12 December 2016 Hydrodec Group plc("Hydrodec", the "Company" or the "Group" Trading Update The Company is pleased to provide a further update to the market in respect of 2016 performance and progress. Despite the general market environment remaining challenging, particularly from a margin perspective, the Company reported an overall positive EBITDA at Group level for October, the first month this has been achieved since re-establishing the Canton plant following the rebuild last year. The Company is also pleased to report that it delivered record sales of re-refined oil from Canton in October of over 2.8 million litres, as well as exceeding daily production records on two separate days in the same month. This reflects the improving operational performance of the new plant in addition to the hard work being undertaken to establish a strong position in the market. Commenting on the update, Chris Ellis, Chief Executive Officer of Hydrodec said: "In our half yearly report in September, I stated that we continued to make strong progress towards positive Group EBITDA in the second half of the year, and it is pleasing to be able report that this KPI was met for the month of October. Challenges remain in the current market environment to both improve margins and create consistent performance going forwards, but this is an important milestone on the path to establishing a profitable operation in 2017."
thrift07
19 Oct 2016
No mojo HYR has definitely lost its way. I can't what it's about anymore. Ian Smale and the board had a brilliant chance 3 years ago to make this something to be proud of. History I know but the fire turned out to be a disaster which wasn't necessary. A plant just needed to be built in 6 months and up and away. It took 18 months. I had real hopes of investing again but there's nothing here in my opinion. Off my watch list. I do wish any long term holders good luck in the fortunes of HYR. I loved it at one stage.
Artji
20 Sep 2016
6m results Cash $0.6m, available borrowings $1.4m, 6m cash outflow from operations $4.4m. Net current liabilities (i.e. liabilities due in next 12m less current assets): $5.2m. Interest payments $0.5m per 6m and rising.So cash call or further loan facilities have to come soon, I reckon. I think they'll struggle to sell new shares unless it's at a very significant discount to the SP but I'm sure good old Andrew will stump up, at very generous rates of course. If this business doesn't turn around in the next 6-18 months then we may as well hand it to him on a plate.Nothing really surprising in the results, the earlier update provided most of the salient points. I would have liked more information on trading since the half-year. What I did glean:"Plant utilisation increased over the period, from an average of 64% in Q1 to 70% in Q2 with a peak of 76% in May and has averaged 68% through Q3 to date." An increase from the first half, but pretty marginal."At the beginning of the year, January transformer oil sales represented 19% of US volumes sold. Since then significant improvements have been made in this area and in June transformer oil represented 71% of sales. Of the volumes sold in the period, 40% represented transformer oil and 60% was base oil." If the 2nd half continues from June and shows around 70% transformer oil sales then this should improve turnover & margins even without any increased sales."There has been a key focus on the reduction of overheads and corporate costs. Significant reductions have already been realised with the expectation that the benefits from more recently implemented initiatives will filter through in H2." So admin costs, both absolutely and as a % of turnover, should reduce over the full year."Volumes and margins in Q3 to date remain consistent with Q2 and, with both operations now generating positive EBITDA, we continue to make strong progress towards positive Group EBITDA in the second half of the year." This seems to confirm it most of it, as Q2 was better than Q1, so the next 6m will be better than these (as things stand).Whether or not these improvements will continue, or come quick enough to keep the financial wolves (here's Andrew again) from the doors, is a mute point. Sit and watch (and pray) is what I'm going to do.Best wishes all, Artji
Callun
26 Jul 2016
Re: At last Hi Artji,I too hope we are wrong in our separate assessments of the company.Unfortunately HYR has a history of disappointments over the years. Whether its the drop in the oil price, cost of feedstock, technical difficulties or some other difficulty, there always seems to be something that stops the company from becoming profitable. Strange against a seemingly endless increase in output, and not to forget the fine pedigree of the management team.I started trading HYR in 2006, and decided in 2012 to hold for the long term. Big mistake, with hindsight. Hoping for a chance to exit, but so far under water I'm reluctant to take such a loss. I'm not surprised if large holders are taking the opportunity to reduce, given the track record. I note that the SP has peaked and predictably started to slide.Oh for the glory days of 2008 when we could sell in the 40's and even 50's.Perhaps Mr Black will buy the company soon and put us out of our misery Callun
Artji
26 Jul 2016
Re: At last Hiya CallunI hate talking this company down, since I hold shares in them, but my reading of the RNS suggests the profit guidance situation is even worse than you imply. They state they're making strong progress towards positive EBITDA in the second half of the year:a) making progress towards, so not even particularly confident of achieving itb) only in the second half of the year, which suggests even if they make it, it won't be enough to cancel out EBITDA losses in the first half, so still an EBITDA loss over the whole yearSo why, at the AGM held just 6 weeks before this RNS was released, were they talking about a profitable 2016?Re expansion, they did say, "...also primed to take advantage of the opportunities the current market may yet present to grow the business both in our existing areas of focus and in new markets". With the current financial situation this is probably as "good" as could be expected, and let's face it, last time they tried expansion they got badly burned, so I'm wary of them chasing new opportunities before they've proved they can run what they've got profitably.I also note Aviva took advantage of the rising share price to sell some more, so they're obviously not convinced.All IMHO, and I hope I'm wrong.Artji
