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Are eyes seeing things blue first time for how long .
Cant see the value best wait to under 1p as no news it can only drop bloody things
If any Positive news on feedstock, this will soon be back in favour. Some good support today and I topped up at 1.7 which looks value to me. I am building a holding here using my ISA and although average 2p is showing me a paper loss at the moment I can hold. I like the fact that the Directors are invested here.
I have also been building a very decent stake at these levels. Trading at a 10% discount to Net Assets on the balance sheet (after debt deducted) is very attractive for a growing company (and the 2018 bullish forecasts) Trading at near all time lows for this stage of the turnaround (fully evidenced with 2017 EBITDA positive year) is excellent value IMO I've recently updated my research blog with more info. Just google 'HYRBlog' all one word
Those buying now will be value buyers. It's about the potential growth story. Traders leaving the building is a positive sign in my view and the BB returning to normality is good. I am using this opportunity to build a stake and believe there is value to be had from here. GLA
We don't know for sure. We may not get anything until the Q1 Trading Update - usually around mid-April. Obviously a contract win or positive news about feedstock could happen at any time. Perhaps we could all try holding hands and thinking positive thoughts? Beginning to (almost) miss the rampers. Only joking. GLA
Need a good one soon sp dropping all the time
Any one know when we can expect another RNS..
indeed very quiet lately.....
All the rampers seem to have left the building. Now it is a question of what the results will look like..
once the feedstock is sorted, HYR would realise the full potential of its production capacity. Licensing deals and the subsequent royalty income in new markets is what would help in rerating this. The income from the carbon credits is the added bonus.
must be a steal at this price with oil been over $60 for some time now????
I have to admit been 60-70p too early to call out the bottom...well next time....
Excellent post 162. Clearly highlighting all the positives.
Seems overdone to me. I have held these for a while and topped up under 2p. I like the business and the Directors have plenty of equity here. The problems of resources are well documented and price reflect this. A solid medium to long term buy for me but do your own research.
162, Great post!! Recommended :-)))
Here�s my perspective on HYR This is a �real� company with NET assets of �14.5m (that�s after the debt is deducted). The market cap today is �13.4m so it�s trading at a discount to its net worth. The company is undeniably turning around and 2017 was the first ever year of generating positive EBITDA. The Canton plant is operating at 61% capacity and increasing its spare capacity requires the sourcing of additional feedstock. Whilst the company continue to flag the volatile nature of securing feedstock, they are forecasting a minimum plant utilisation of 70% in 2018 (a 15% increase). Demand for their product is strong (evidenced in the big OEM deal) so feedstock is the only issue. To offset this they are driving down costs and increasing margins and also improving the sales mix. Higher margin oil is forecast to be �at least� 60% of sales in 2018 (up from 52%). The key then is patience, they�ve reshaped the business to allow for two main transformational events: 1. They sign a strategic deal/partnership to secure increased feedstock 2. They secure their first licence deal to tap into the growing global market of $2.8bn by 2020 Either of these deals will be highly accretive for the company and there�s the opportunity for investor to buy in below its net value. In the meantime the company�s 2018 forecasts are likely to lead to further EBITDA growth on their own. I don�t see a delisting at all. The BOD have significant skin in the gain and the 2018 options are designed to align their reward to shareholders. If the company put itself up for sale, it wouldn�t go for a song because there are real assets and a patented technology in a clean energy process so there would be good interest from larger players. The final thing I�d add is that 50% of the debt is on a 7 year repayment term (at c.4%) so is reducing. Andrew Black is owed much of the rest and is clearly supportive and this has been proven during HYR�s darkest days of $30 WTI post Canton fire. Like any investment there are risks and everyone should DYOR but for me the risk/reward is compelling and I see significant upside if they company delivers on just ONE of the two plans they are working on I�m happy to buy in below net asset value at these prices
I agree that there are a lot of positives to HYR but people need to remain grounded and as nastid said, the rampers on this board have ruined the chat, possible affected the sp and definitely suckered in some people who really should of done their own research first. Burmespython, despite all the ramping of this being a multi-bagger the sp has remain muted. Can you explain why, besides the fact I present that despite HYR being EDBITA+, the company is still not making any profit and is unlikely to unless it finds greater sources of feed stock for which the company repeatable has warned it struggles to do, or it finds another source of revenue which they suggested. Finding another source of revenue would be good, but doesn't make the Transformer oil look like it will ever make huge profits. As for dilution, yes that has happened for a few years which is good but I'd imagine hasn't happened due to Mr Black owning such a large stake in the company. As in most AIM shares, this is still a huge risk. It may come good but could easily be delisted. The fact is, the company after sorting out it's plant at Canton, can not produce enough to make a profit as it can not get enough feed Stock. HYR has repeatedly warned shares holders this. This is the first reason I sold out. If HYR does not go into actual profit soon, it can not carry on forever. HYR is likely to be sold then and my worry was Mr Black would end up buying it cheap like OSS, and then run privately. This was the second reason I sold out. I don't know everything that goes on in HYR and quite possible they have other options available to them. But I managed to average down and then recoup my losses and so decided to not risk any more. I may be wrong but that was my decision. I do hope the company succeeds as I have followed it for many years now and I would hate to see people lose money here. But if you do invest here, Don't believe everything people type. A lot of ramping has happened on this board. As always, gl and atb to everyone.
Will this ever go up .down again
No gifts on aim just luck
Average now around 2p. A gift given the cap IMO.
Lego, The technology and assets and now being EBIDTA positive means a lot especially now being approved by the American Carbon Registry and generating income. The only oil business in the world to do so!! Putting a negative spin on this company to get in lower Lego is a bit low tbh!! The company is in a lot better position than it has ever been!! Don't need to ramp the company is doing what it needs to do ;-))
For some time now, Hydrodec has had a element that ramps the hell out of it, normally during the run up to announcements, some know the precise timing of the RNS, and yet it isn't posted on the calendar. The rampers espouse all manner of unfounded pronouncements, plastered with superlatives, pushing unduly high expectations, creating an ideal opportunity to reverse the sp. The MMs must love the predictability, and are happy to oblige with clever pricing. You also often see large trades against the trend literally just before the news release, so as above, some know the precise timing. I'm not saying there is anything untoward, only that it is a tad bit annoying. It's sad but I knew the chances were that the sp would react as it did, just as it has done a number of times after each RNS, no matter how good the content. This behaviour coincides with the over blown ramping, which ends up destroying the underlying progress, when the horde obediently follows the setup. There should be a sticky on every thread. Discount any ramping period, and then be pleasantly surprised if it turns out the be true.
I think the point Harry is making, is that before Lego sold, he only wrote extremely positive posts. Since he sold, like anyone, he reinforces the decision, by swinging far in the opposite direction on all subsequent posts. I too was a little disappointed in the sudden flip, not that lego had sold, or had a difference of opinion, but the seemingly over night conversion. Then again we are entitled to our opinion but it is also good to get the context of said opinions. Slightly better day today. Some US suppliers have posted price increases for early feb orders and demand remains healthy. If 2018 continues as it started, i.e 60% Superfine sales ratio, with an upward trend and the continued sale of carbon credits etc, as long as they are covering debt, and the feedstock position remains the same, then 2018 has to be better than 2017. All things being equal, the sp 'should' then be at a higher average than last year. I make no predictions but seems logical. Year end 2017, I personally had a 3p Jan target, as well as WTI hitting $60. Oil was kind enough to hit that, HYR did but sadly didn't stick around.
Harry - It appears important to you to wipe out Lego's contribution to this board. Read lego's analysis and it is factual and accurate. The pump & dump period last year was also factual although you rightly challenge the abrupt about turn. Leave that to one side (it didn't alter my decision to hold) and lego's posts raise important points and the dialogue here would be all the poorer without them. As for net asset value (your sole contribution as far as I can tell) does not necessarily mean that those assets can be sold for their book value. Please moderate your personal vitriol and concentrate on adding to the quality of dialogue and analysis of HYR's prospects. Thanks - more in hope than expectation.