I have been looking at this one for the last few weeks, and the figures and chart look very good. Any comments (good or bad) appreciated. Tex. -------------------- Cash Flow:
Revenue from rendering of services $7,273,544 Revenue from sale of goods $8,950,708 Other revenues from ordinary activities $282,297 Total revenue from ordinary activities $16,506,549
Total expenses $14,433,815 Income tax $51,462
Net Profit $2,021,272 -----------------------------------
Assets and Liabilities:
Cash assets $3,442,403 Receivables $2,808,965 Inventories $2,620,775 Property, plant and equipment $8,183,094 Exploration, evaluation and development $372,418 Intangible assets $418,746
Total assets = $17,846,401
Payables $4,096,475 Interest-bearing liabilities $754,057 Provisions $916,962 Interest-bearing liabilities Non Current $526,047 Provisions Non Current $658,679
Issuer Name HYDROMET CORPORATION LIMITED Description ORDINARY FULLY PAID Industry Group Commercial Services & Supplies - 2020 Shares on Issue 295,297,585 previous close = 5.2c Market Cap ($) 15,355,474 Last Annual Report Data and Ratios Earnings (cents per share) 0.71 Price To Earnings 7.32 Dividends (cents per share) 0 Yield (%) 0.00 Asset Backing (cents per share) 4 Price to Assets 1.30 ---------------------------
Chart:
Looking at the chart from 20th of May 2004 to 16th October 2005. 3c low to 4.8c high 3.6c low to 5.7c high 4.2c low to 6.2c high 4.9c low to ?????????????? Looks to be trading in an upward channel so next high should exceed 6.2c IMHO
Short term chart from 24th of May 2005 runs from 4.2c low to peak of 6.2c on September 7th 2005. Consolidation appears to be between 5c and 5.2c. Not much selling pressure since 11th of October 2005. -----------------------
Shares held: 295,297,585 shares on issue.
Major holders: Tennant (2000) Pty Limited 25,000,000 8.47% National Australia Bank 19,421,292 6.58%
Directors holdings:
Dr Lakshman Jayaweera, recently purchased 1,933,000 to the value of $115,980.00. his current holdings are 20,024,485 ordinary shares and 2,000,000 options.
SB Wolfe 25 million ordinary shares.
TR Allen, 2.3million ordinary shares and 2,000,000 options.
Other directors: 7million ordinary shares and 6,000,000 options.
HMC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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