HydroDec Group (HYR) Has developed technology that allows contaminated oil to be cleaned and re-used. In todays environment this kind of company cannot be overlooked. It already has a fully-functional plant in Australia and another is due to be opened in around 9 months. Tipped in Shares magazine as a 'blue sky' stock. If the company manages to capture 1/2 of the market revenue could be as high as 1 billion.

Anyone holding who's as excited as I am?

HydroDec directors add 4.36m shares, stock value jumps

Tue, 10 June 2014


A total of 4.36m shares were purchased by seven of HydroDec's board members this week, the oil technology group revealed on Tuesday.

The transactions come just a few weeks after the group reported wider losses in the 12 months ended December 31st at $17.45m, compared to $14.20m a year earlier.

The largest deal was made by Andrew Black, a non-executive director, who acquired 1.91m shares, taking his stake to 178.05m, equal to an interest of 23.85%.

Chief Executive Ian Smale added 454,545, more than doubling his stake to 928,014, while Chief Financial Officer acquired the same amount, taking his holding to 1.35m.

The news prompted the value of the shares to jump around 8%.


Top Director Buys

HydroDec Group (HYR)

Director Deals - Hydrodec boosted by management purchases

By Giles Gwinnett

June 14 2014, 10:02am
Chief executive Ian Smale and chairman and former Tory sports minister Lord Moynihan spent £50,000 each to boost their respective stakes in the business



Shares in oil recycling specialist Hydrodec (LON:HYR) have been given a lift by the share purchases made by management.

Led by Andrew ‘Bert’ Black, the gambling entrepreneur who owns 23% of the company, five directors waded in to purchase stock.

They each paid 11p a share, with Black acquiring £210,000-worth.

Chief executive Ian Smale and chairman and former Tory sports minister Lord Moynihan spent £50,000 each to boost their respective stakes in the business.

In the last five trading days, the share price has risen almost 15%.

Hydrodec has a ground-breaking refining technology that turns used oil found in transformers into a product of outstanding purity.

The struggle has been to transform this promise into tangible investor returns – or, at the very least, cash flow and profits.

Under Smale and his team this corner seems to have been rounded.

The company is on the cusp of profitability and thanks to a £24mln placing and open offer, it is also debt-free, removing a huge millstone from around the neck of the business.

Meanwhile, the £4.65mln acquisition of OSS Group has taken the group from a specialist transformer oil refiner into the much broader used oil market.

10/06/2014 BUY Gillian Leates NED 90,909
10/06/2014 BUY Mark McNamara RES 90,909
10/06/2014 BUY Andrew Black NED 1,909,091
10/06/2014 BUY Ian Smale CEO 454,545
10/06/2014 BUY Alan Carruthers NED 454,545

Hydrodec Group - Trading update

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Hydrodec - First oil sales from Bomen, Australia; Canton on schedule for first oil

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Find the last production update by the CEO: click here

Hydrodec Group plc - Interim Results 2015 - listen here.