mcap now @substantial premium to book value and even more so to tnw..dyor,all
..look lbg we all make howlers and HYR was one of yours (GBO was even more of a muppet mistake by me)...
..the story sounded new and sexy but has unravelled..
..what is HYR's usp/moat/comparative advantage???..how can it generate outsized returns..brand? v unlikely..product?not really: challenging/competitive markets hardly suggests decent yield/returns on capital employed
HYR have improved massively and are likely to be showing a group profit come the next results. If the oil prices had not dropped so dramatically over the last few years HYR's story would be a lot different.
This last results were a great improvement and if you take away the UK plant costs HYR was close to breaking even.
Unless something drastic happens HYR should be ok for funding imo. It current has approx $2 million available. ($600,000 bank facility and $1.4 mill available from Mr… Read More
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