Jan 22nd 2013 - Edison Investment Research today published a report on Hydrodec (HYR.L, LSE:HYR, LON:HYR) entitled "Feedstock Supply Key To Progress". In summary, the report says:
Hydrodec's pre-close trading statement demonstrates the importance of establishing a secure feedstock supply base, with progress in this regard helping boost sales volumes by 11% to 22.5m litres, resulting in an estimated 16% growth in revenues to US$26.1m. This is US$2.2m lower than previously estimated because of restricted US feedstock availability and declining sales prices, led by the ICIS market index., over the summer. Feedstock availability and cost has improved from Q412 onwards.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »