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sp back to pre consolidation prices [gulp]…… I had some of these at 5p way back ... first look suggested just stagnant, but actually this has ha a 10:1 since...… B
Recycling Oil - with the technology, plant & equipment in place who could possibly fail?.. especially over the last few years of climate wars.
It's just painful.
Another set of poor results, good luck to anyone still holding but I can only see this dropping like a stone , always sneak out bad news on Fridays.
Lord Moynihan resigned with immediate effect. Got to wonder if there is another reason behind the one given otherwise why didn't he work until a replacement was found?
Poor results and 2 bod gone in 3 months.
Limited ("Greenbottle"), a company controlled by Andrew Black (see "Sale of Australian Plant" below), and US$0.3m of cash funding, there remains unutilised support of US$1.2 million. The Company can announce that Andrew Black has agreed to extend his support to the business by a further US$3.0 million resulting in US$4.2 million of funds to be made available, demonstrating his belief in the future of the business. The terms for this US$4.2 million funding are to be agreed imminently and, as a related party transaction, will be subject to the independent Directors of the Company confirming, having consulted with the Company's Nominated Adviser, that they are fair and reasonable in so far as shareholders are concerned. A further announcement will be made in due course
HYR 28mln shares in issue
Market cap 11p = £3mln
Asset sale generated c.AUS$ 2mln
Black given $5mln loans
Fallen 60p > 40p> 18p> 10p
*Miton had 13% = 3.5ml mid Sept
*Gresham had 4% ( 1.3mln) and sold 30th Sept and notified 2nd Oct
• 1.2mln sold 27th Sept
• 1.3mln sold 30th Sept ( Gresham as above)
• 200k sold 3rd oct
• 240k bought 4th oct
• 50k bought 7th oct
• Killick added 1% (280k) on 8th Oct
• 50k bought 10th
= Miton virtually done and/or swapped with buyer
Use other peoples money to prove a concept, then take it private to reap the rewards - I do sometimes wish I spent 3 years following companies rather than investing, I am much wiser to these types "Investments" now :(
Yes bloody conned .I sure I wont ever buy aim stocks again
I said last October that A black would take this private for £1 , how silly of me, more like 10p now, l also said this is a private money box for all directors and this proves it. Sold out all my holding around 70p, very lucky , the day Ian sale walked or was pushed this shower have run the company like a bunch of 10 year olds, even ****sed off g&s , that's not going to help with feed stocks.
Good luck to any one still holding and the same if buying in, this scenario has happened to me twice before on aim not again.
So David Dinwoodie works for A Black then gets made CEO of hyr. Sells Aus plant to A Black then steps down and goes back to working for just A Black again.
Shocking results and shocking management. No updates to the market, just a value-obliterating set of interim results. "Lord" Moynihan should resign. It was less than a year ago that he was selling the pipe-dream of dividends following his months long "strategic review." What was the outcome of that, exactly? Summarised on a slide: "Let's sell yet another part of the business to Andrew Black. The End."
They've burnt through the cash raised and have had to go back to Black, cap in hand. Utterly incompetent.
WOW. That was bad results. The share price is now bouncing off the 15.5p support but I don't see that holding now. Probably back to being a penny share again then under a penny.
Your right, Mr Black will probably end up owning this company.
Shocking results imo. As usual there has been lack of info throughout the year.
What has happened between hyr and G&S? I thought they were increasing feed stock but now we hear they have fallen out.
Selling Aus plant to A Black was a joke. Kept quiet until the sale was agreed. Another part of the business he has picked up cheaply. Just a matter of time before he owns the whole business and I bet it will be profit making within a year of him owning it.
So there is enough cash for another year with the additional loan from Mr Black. No way do I believe now that hyr will be profit making in a year so more financing will be needed. Good luck to the bod in hitting their target share price to get their rewards. That ain’t going to happen.
I used to own shares here many years ago..sold out at a loss obviously but always tracked it as I thought it was a nice idea. Looking at these results though I just don't think it's ever going to make anyone meaningful money - I've not idea why Mr Black keeps chucking his fortune at it.
Illiquid share makes it like dominoes, when a large sell goes through it creates a knock on affect of others selling quite often with stop losses taken out.
It doesn't matter what the company says, all the market will be interested in is, "will it make a profit".
Total joke this company never any good news .
Looks like 38p or there abouts on its way with support broken.
Lack of news about Australian plant sold details should really of been sorted by now. In fact, lack of news all round does not help. It is all very well talking about increasing feedstock supplies but that just plays into the "jam tomorrow" title HYR has earned. What this company needs is actual figures released showing increased feedstock and a move to profit making.
It looks like until then, the share price will drift lower to that next support at 38p. After 38p, there is support at 34p, 30p, 20p and then 15.5p.
rns on advsn was to do with hydrogen group.....not hyr which triggered some selling which brought down the sp
It can always go lower.
There is some minor support at 52.9p where it would likely touch up with the 50 day moving average. That will be my next buy price. After that we are looking at 38p for the next major support.
The company is forecast to make a small profit this year but I wouldn't be surprised for it to just miss the target as everything always takes longer than expected. I do think the company will come good at some stage, but it's just a matter of when.
Overall the company has put out pretty positive reports and there has been no signs of ii's selling out so I am just going to sit it out. Positive figures will be the proof of the pudding to get the sp moving in the right direction.
I Didn't think this could have went any lower..is there any light at the end of the tunnel..??
Well the sale is going through but to be fair, we knew that already. The company needs to shake of this jam tomorrow reputation and giving dates for the sale of Australian plant and then missing them really does not help.
Yes, happy may have been the wrong word. Pretty much every year there has been concerns about feestock, so it was more to do with the contrast. Based on the reading from lots of updates, personally, I get the impression that they're pleased with the results from their feedstock supply push.
I'm not expecting, or at least discounting, anything from slickers. Nice if it happens but I'd much rather they concentrated on the US market. If we could swap the previous international plans, to US ones, we'd now be in a much better position.
They are progressing but they earned the label of jam tomorrow and they still need to prove with figures.
Feedstock up on same period last year but wasn’t that a quiet period last year?
Good to hear a bit more of other possible revenues. No news about alliance with slickers.
Is the resolution about buyback of shares a standard vote?
Hydrodec have had a hard time over the years and I think they will come good but they need to prove it with profit.
The sale price was in the middle of my ‘guesstimate’ of $1-2m, not wonderful but the possible extra revenue in royalty payments is welcome. More to the point, once complete, the onerous tolling charges will stop.
I’m surprised the needle didn’t move by much but the update belies/hides the potential. I can’t remember the last time when Hydrodec reported they were happy with feedstock supply. I’ve been following this for more than 10 years. This at a time when output capacity is 2-3x that of old. The multiplier effect kicks in only when they reach high levels of utilisation. The extra product line is something I’ve been expecting/waiting for a long time.
Moving into profit is now when, not if, but we do need a benign economic backdrop to continue, and there are some future headwinds on the horizon, not least of which are geopolitical.
I’m pleased with progress, and if they can get a foot inside California, that really would be game changing. I suspect it won’t be done alone, maybe through licensing or joint venture, and only once the current business model proves to watchers that it turns a profit.
Did anyone go?
Has anyone noticed the last resolution passed at the agm?