Hazer Group Limited

ASX:HZR

Hazer Group Limited

ASX:HZR
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$0.330 (+0.8%)
Last close price
#56
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23
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Reports (1) My Report Forum Investors
Forum Topics HZR HZR CEO Meeting

Pinned straw:
Strawman
Added 4 weeks ago

Glenn really came in with his chest puffed out today's. And fair enough i suppose, he's got a good story to tell!

The recording is now up on the Meetings page but the short version is that after spending nearly two decades and ~$150m Hazer is finally starting to generate revenues and is staring down a fairly massive opportunity.

They have a cost competitive, clean tech that solves big problems, a capital light business model with KBR, a notable pipeline, a lean cost base with no urgent need to raise, and are partnering up with some notable players.

It's kinda interesting too that, as Glenn, said, they could land far fewer contracts than they expect, and still deliver some decent cash flows. So it really does seem like there's a somewhat asymmetric opportunity here given shares have more or less been cut in half since we last spoke to Glenn.

Still, there are plenty of companies with cool tech never live up to the potential, and Hazer is yet to really land the kind of contracts it expects. Dealing with slow moving multinationals can be a slow grind so it could still take a while before anything material happens.

And that's really the bet at this stage. If half of what Glenn thinks is possible happens, the current price is probably a screaming bargain. If not, well, it could flounder around for a while.

But I must admit my interest is piqued.

Here's the transcript: Hazer Transcript 2026.pdf
Bear77
Added 4 weeks ago

Thanks for that @Strawman - I bought a small HZR position back into my SPF (Speculative companies PortFolio) this morning at the open after having a look at them again last night knowing the meeting was scheduled for today - it struck me that they have now got some better momentum than when I sold out at 39 cps (cents per share) back on March 3rd this year, just before I headed west on the 3-week family motorhome trip. I wanted to exit my highest risk positions prior to that trip, and Hazer Group definitely fit that description at the time.

They still are high risk, however at today's price levels, they're cheaper than my previous exit point (19% cheaper at their 31.5 cps closing price, and 15% cheaper at my 33 cps buy-back-in price this morning, i.e. their opening price today) and they have more business momentum as well.

I need to get some more non-gold exposures in there (in my SPF), and HZR fits right in (again) at this level and at this point in their journey.

I couldn't watch the meeting live - other priorities, but I'll watch it tonight.

Disc: Held (0.45%) in my Speculative Portfolio (SPF) only, small position due to elevated risk and early stage in terms of revenue, cashflow, etc.

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Bear77
Added 4 weeks ago

Yes @Strawman - Great chat with Glenn - I listened to it overnight and placed another buy order today at 32 cps, which has partially been filled, and when it is fully filled (hopefully tomorrow) I will have about 1% of my real-money share market exposure in HZR - double what I had yesterday (0.45%), so still a small position and still only in my SPF as the company remains speculative, being pre-profitable, but my opinion is that there is now a greater likelihood of positive newsflow than negative newsflow coming from Hazer over the next year, as they clearly have a number of interested parties and bids in with potential clients who Glenn couldn't name at this stage, but did allude to a number of times.

And they have some business momentum now, as I said yesterday, not so much share price momentum yet, but that should come once they get on more radars.

I think the biggest takeaway for me from the interview, apart from the levels of interest in Hazer's tech and partnering with Hazer that Glenn was talking to, is his point that the tech is no longer just about a greener, less polluting alternative to current hydrogen production, because it's now cost neutral, i.e. same production cost as currently used methods of hydrogen production, but with numerous benefits, with zero carbon emmissions being just one of those.

The high quality graphite production (which is carbon production in a usable form, rather than carbon emission) is another positive and using iron ore as a catalyst is yet another advantage because it's so abundant globally and cheap. So there are plenty of advantages, and one contract can turn into ten in a reasonably short timeframe, and then there's usually a snowball effect in terms of the more major players that embrace the tech, the more interest that will generate.

I know that CEOs and MDs are always going to present their own company and its future opportunities in the best possible light, and with the best possible spin, however it's hard to argue against the basic fact that Hazer are now more advanced and better positioned than they've ever been, and they are now a company experiencing growth, but they're not being priced that way.

So, yeah, excited by this one again now, but not throwing the farm at it.

[Edit: Looks like I used a mixed metaphor there - a variation of the more common idiom "betting the farm" or "throwing the kitchen sink at it." - I mixed the two together and came up with something that makes less sense - but what I meant is it's not an "all in" position I've taken, it's just a small bet.]

More Reading: https://hazergroup.com.au/about/

Disc: Held (1%).

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