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.
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Progress against challenging backdrop
- Published:
27 Oct 2015 - Author:
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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.