Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Couldn't resist buying in at this price.
Hi Lego, for sure totally agree. I am prepared to give this to the end of 2018 though and will then decide based on progress. I know from the industry transformer outages are complex to plan (6 months+) depending on how critical they are with most only offline for 1-2 days. Other companies (Enervac) process the oil on site to minimize disruption but this is only to condition the oil; not to replace. Hyrdodec needs to change utility policy for the waste oil - can anyone shed any light on this aspect? GLA
Yes more gloom bloody things
The most galling irony, is that the UK business seems to go from strength to strength. The recovery started to happen a bare couple of months after it was sold for �1. Obviously Mr Black has the funds to underpin the expansion but it does stick in ones craw.
If Andrew Black had waited this long, and had to suffer so much bad news, before Betfair made him a very wealthy man I'd doubt he'd have had the patience to stick around! I cannot recall any company (HYR) ever having so many setbacks. They should pack the game in because the problems they continually encounter suggests to me they are never going to 'make it pay'. Talk about 'jam tomorrow'. The irony is that my �2k interest is with Beaufort Securities so I can't even sell the bl**dy things!!!
Canton had better EBITDA despite the lower volumes. The Australian operation took a hit due to the delay in decommissioning.
It's a competitive arena, and the secondary market prices have kept the feedstock relatively high. It's not just about finding feedstock but also quantities at acceptable spot prices.
delay in the RNS had me thinking that it might disappoint some. To be honest, for me, the the picture is one of what could be a very profitable business, purely held back by feedstock constraints. We previously discussed that the particularly bad weather would have an impact, so it's not a surprise. Things will improve from Q2 but only really enough if they source better feedstock partnership deals. Even with lower volumes, they had better EBITDA than previous years, so technically it cannot be worse than ever. I imagine they must have some savings for not having a full time CEO, something not materially insignificant... imagine $300-500k.
HYR have had feedstock issues for a long time. Why has the issue not been resolved in the last 3 years?
Sorry longrass, but getting contracts is not the problem. HYR can not make enough of their product as they can’t get the ingredients. Finances have been extremely tight and they needed an increase in sales to help sort the finances. Now volume sales are down by about a third. That is a large amount. I was really hoping the company was going to announce new feedstock suppliers or a new source of revenue or announcing Chris Ellis’s replacement. Sorry but this looks even worse than ever but no doubt the rampers will be on soon to say how good it is still.
Even their board see's double
The rns was very disappointing and leaves more questions than answers. How much is the company losing.. Or is it at break even. Australia contract H2?? Feedstock shortages and a general feeling of pessimism. Do not usually worry about one quarter but this company continues to promise the world and fail to deliver because of bad luck. Winter is not bad luck!!
The rns was very disappointing and leaves more questions than answers. How much is the company losing.. Or is it at break even. Australia contract H2?? Feedstock shortages and a general feeling of pessimism. Do not usually worry about one quarter but this company continues to promise the world and fail to deliver because of bad luck. Winter is not bad luck!!
Ive only been in this share since the beginning of the year but surely its only 1 or 2 contracts away from turning the corner.. The utility market is huge in the US (ive worked in it) but it takes time for these big utilities to come round. The end of Q1 report is setting the tone for the end of year report imo so wont be expecting much change in sentiment. GLA.
Yeah..I will read again to scour for more detail but that's all a bit disappointing and just the same old excuses.
and this time added weather disruption
...what it is ... doh!
Apparently the Board is due to meet tomorrow and will review the trading update during that meeting. The response I was given suggested that the Q1 update would likely be issued later this week. Apparently they were advised that given they weren't reporting half-year or full-year results they didn't need to issue an explanatory RNS in the meantime. Not wonderful public relations IMO ... but it is, was it is.
Thanks Gramp's. There's always an RNS after hours but i guess they had a different schedule than the one we thought. Markets seem remarkably sanguine given that Israel is now tacitly targeting Iranian fortified positions, that they deem a threat to their security. A conflagration that draws more players in, is surely coming. The Iranian's can't let that slide, they will use proxies and or asymmetric measures in retaliation but Israel will see this as a direct assault.
Wrong msg board. Dam iPhone lol
To verify whether Q1 Trading update will be published today and await a call-back. Hmmm. Last time I acted similarly, Ian Smale (CEO before Chris Ellis) called me within the hour ... Obviously that was a few years ago ... let's see what happens this time.
Was going to sell half my holding but it’s Nt only so decided the lots going. Hate NT trades and normally avoid them but wsg doesn’t fall in with my buy criteria and I’m tired of wondering if the deal by Christmas will actually materialise. Gla
hope it offers encouraging news ... at least we'll get a snapshot of what is, or may be, happening ... I'm unsettled by the presence of 100% Interim Exec-Directors ... it's the kind of structure that might be attractive in a trade sale scenario. In any case, it is critical that the workforce believes in HYR's future. An absence of full-time dedicated leadership won't be helpful.
Yeah agree. I do think that with a better functioning crude market, this can be inflationary as long as the wheels don't blow off with sky high prices. With more sensible minds after the collapse, hopefully shale will act as a relief valve, thus extending the positive part of the commodity cycle. Take away trade wars and potential hot wars, the global economy is doing pretty well. A healthier crude market doesn't address the problems of sourcing feedstock on the secondary market, but I can't see that the higher prices wouldn't now be providing a better background for leveraging your IP.
Interesting share this. Loads of potential but hard to fathom when!!