re: News: Hydrotech International AGM comment...
Been watching these guys for about a year after,(feels like it) I first heard them on BRR.
CEO sounds like the last of an era. (you had me at elephant -just kidding) He is convincing, just hope he can live long enough to get this ship home.
Good solid cashflow from lots of small clients with serial elephant potential. Not just reliant on China, but it will not hurt if China can avoid the their next train wreck.
Happy to get in at this price, I was even tempted to buy at market.
I dont think these guys need luck, just a lack of bad luck.
I like the concern for SH value and the way the books are run tight, shoring up cashflow projects while building very strong credibility and presence in their market for a larger project.
Their weakest link I can see, (apart from the captain being no spring chicken) would be having good staff on hand to enable them to take on a massive project without dropping balls. Establishment of the training center to allow them to ramp up skilled personnel is an impressive move, I am convinced these guys mean business yet can weather a storm also.
Best of luck to the CEO - who has considerable skin in the game - I get the feeling that this is very personal for him, and he will bring this home as the defining work of his life. - then again, the market is no place for romance.
HTI Price at posting:
0.4¢ Sentiment: LT Buy Disclosure: Held
