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Looks like Andrew Black has the entire company now under his Slicker Recycling group.
Not really sure how that happened or what happened to the 10% Royalty of future earnings that was promised.
The moment Chris Ellis an accountant became the head , this company seemed to go into decline. How ? They have a proven technology to recycle used oil , the perfect solution surely ? The business seems to be modelled on the script of The Producers , Mel Brooks would be proud . I would like to think it could be turned around but it looks like the private investors have been shafted . I expect them to be bought out and no doubt the directors will walk away with a nice bonus and no questions to answer.
91% down when I decided last year enough was enough. At least I called the end right, these companies should not be on AIM in the first place. #bitterpill. Lesson: just because everything sounds like it should work, doesn’t mean that the board have any real plans to share...
lesson learnt, some companies want to grow and have shareholders interests at the heart, some use shareholders to achieve their private goals at minimal risk to them (and they don’t lose out). Reputation clearly not an issue and skin thicker than a rhino.
The annoying thing is they are not held accountable and just move the assets to a private company. #stopgamblingonAim
Going to delist, go into news above.
...and it’s now February. When will there be news?
This is a pig! Haven't done much right but cut a loss on these years ago!
Time to shoot this dog and put everyone out of their misery. Sold up years ago and hope all readers did so too.
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.
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.