Sep 20th 2012 - Edison Investment Research today published a report on Hydrodec (HYR.L, LSE:HYR, LON:HYR) entitled "New Oil For Old". In summary, the report says:
Hydrodec Group has a proprietary technology with strong sustainability credentials for re-refining used oils. This has been proven commercially by re-refining transformer oil, including that contaminated with PCBs. The new management team is addressing the opportunities presented by expansion in the US into industrial oils and into Japan through a JV. There is significant potential upside to the share price as these programmes move from the planning phase into operation.
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 »