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Hydrodec CEO marks arrival, GSK associate stocks up

Wed, 01st Feb 2012 14:27

The new Chief Executive of Hydrodec has topped up his stake in the firm with £51,000-worth of shares, less than a month since he took up his new post. Ian Smale, whose appointment was announced in early November, bought 400,000 shares at 12.75p each. In January the company announced that its revenues for 2011 would be significantly ahead of the previous year. Sales of the branded Superfine oil rose 12% in the second half of 2011 versus the first six months of the year, giving some indication of the acceleration the company is currently seeing.There was also encouraging news from the US where Hydrodec received a draft approval from the US Environmental Protection Agency (EPA) to treat polychlorinated biphenyl (PCB) contaminated used oil. Just last week a non-executive director of the firm, Andrew Black, purchased £26,500-worth of shares. Meanwhile, a somewhat delayed announcement came from GlaxoSmithKline, which revealed that in early October of last year a person connected to director Patrick Vallance purchased 73 shares at 1,374.5p each. The transaction involved the re-investment of the dividend paid to shareholders on October 6th. At the end of January the firm announced that James Murdoch is to step down from the board of the pharmaceutical giant.Murdoch, who has recently been the focus of much controversy following the phone-hacking scandal surrounding News International's now-dissolved publication News of the World, joined the Glaxo board back in 2009 as a non-executive director. Top Director BuysInternational Oil and Gas Technology Ltd. (OGT) Director name: Mr Arthur CoppleAmount purchased: 15,999 @ $5.75 Value: $91,994HydroDec Group (HYR) Director name: Mr Ian SmaleAmount purchased: 400,000 @ 12.75p Value: £51,000Caledonia Mining Corp. (CMCL) Director name: Mr Stefan HaydenAmount purchased: 380,000 @ 5.59p Value: £21,242International Biotech Trust (IBT) Director name: Mr John AstonAmount purchased: 10,000 @ 177.70p Value: £17,770
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2 Dec 2010 10:29

Small caps round-up: Geong, Orosur Mining, XG Technology...

Chinese software and internet solutions provider Geong reported a 28% slump in turnover for the six months ended 30 September to £4.7m, though profits rose 17% to £0.7m. Chief executive Wang Weidong called it a "satisfactory" set of interim results and said the company expects full-year numbers to

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24 Sep 2010 11:53

Hydrodec raises £3m

Waste oil recycler Hydrodec is raising £3m from a placing at 6p a share so that it can become more efficient and expand capacity. At the end of August, Hydrodec reported an 82% increase in revenues to $8.2m in the six months to June 2010 and the current demand exceeds the existing capacity. Third

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19 Jul 2010 07:34

HydroDec Group 2Q SUPERfine Sales Up 79% On 1Q

LONDON (Dow Jones)--HydroDec Group PLC (HYR.LN), a cleantech industrial oil refining group, said Monday it has made record quarterly sales of SUPERfine, up 79% on the first quarter of 2010 and up 36% on previous high in the fourth quarter of 2009. MAIN FACTS: -Improving sales and good operat

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9 Jul 2010 16:38

HydroDec: Lloyds Banking Holds No Voting Rights

LONDON (Dow Jones)--HydroDec Group PLC (HYR.LN), said Friday that Lloyds Banking Group PLC (LLOY.LN), is no longer interested in the company's voting rights -Shares traded Friday at 8.88 pence, valuing the company at GBP27.10 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9

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28 Jun 2010 12:23

Broker tips: Lloyds, RBS, Hyder, Taylor Wimpey...

UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that

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28 Apr 2010 13:47

Hydrodec sees margin improvement

The share price of industrial oil recycling and refining group Hydrodec pulled out of its recent slump after it said trading conditions are improving. The company said it is confident that improved cash generation will enable it to meet the next interest payment on its convertible unsecured loan no

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19 Mar 2010 16:37

London close: Footsie comes off highs

Footsie reached levels not seen since 2008 in afternoon dealings, but the gains dwindled after a poor start in the US and the leading share index finished just a few points in the blue. Banks led the way after an upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combin

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19 Mar 2010 14:08

London afternoon: Footsie at 21 month high

Footsie marked time over the lunch time session after hitting levels in the morning session not seen since June 2008. Banks continue to lead the way after an upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Danie

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19 Mar 2010 12:10

London midday: Defensives left behind

Risers outnumber fallers by around four to one among FTSE 100 constituents as the market continues to enjoy a sentiment boost from an impromptu and upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed

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19 Mar 2010 10:13

HydroDec seeks funding after weak sales

Oil refining group HydroDec is looking for funding after seeing its working capital position hit by lower than anticipated sales and margins so far in 2010. 'The board is currently in discussions with a number of its largest shareholders and is confident it will secure further funding,' Hydrodec sa

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18 Jun 2009 16:35

Telford quartet act on optimism

Telford Homes shares have rallied in recent weeks as the developer responsible for affordable homes in East London gave a "cautiously optimistic" view of its prospects. Founder and chief executive Andrew Wiseman has topped up his holding with the purchase of 25,000 shares at 55p. Other directors Ja

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15 Jun 2009 16:06

Halfords chief buys stake

Halfords boss David Wild has spent £137,000 on shares in the bike and car parts retailer less than a week after slightly better than expected full-year profits. Wild bought 40,000 shares at 343p each, just a few pennies off the 52-week high of 346p. They were down near 200p last October. Prof

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20 May 2009 12:36

Small caps round-up: Axis Shield, Central China, Trafficmaster...

Axis-Shield has sold its Dorset-based subsidiary, Plasmatec Laboratory Products, to Cambridge-based Lab21 for an undisclosed consideration. Axis-Shield said the sale will help it to increase focus on the innovative products in its Point-of-Care and Laboratory Divisions. Central China Goldfields h

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