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?

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

Click here

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

click here

Find the last production update by the CEO: click here

Hydrodec Group plc - Interim Results 2015 - listen here.