Edison Investment Research - Hydrodec Group PLC (HYR) Update: Progress against challenging backdrop

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Edison Investment Research

Update: Progress against challenging backdrop

Hydrodec has made progress on executing its strategy despite challenging markets and equipment performance issues that have delayed the ramp-up of full production at its Ohio facility. Following updated guidance regarding US FY15 output, we reinstate our estimates and valuation, which sees fair value at 11.3p with current levels of risk.

27/10/2015 5 EN

Underlying

Hydrodec Group PLC

Hydrodec Group is a clean-tech industry oil re-refining group with operations in the U.S. and Australia. Co.'s principal activity is the re-refining of used transformer oil into, and the sale of, new SUPERFINE™ oil.

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GB00B02FJF09 United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Update: Progress against challenging backdrop

Monthly LMI Update Independent Investment Research

Feasibility Study Results in December to be a Catalyst for this Junior

Ford Equity International Rating and Forecast Report

Basilea Pharmaceutica - Cresemba milestone payments continue to roll in

AAC Clyde Space - Solid start to the year with further order growth

Tinexta - Typical seasonality in Q124

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