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And there it is! Tenpins, you absolute effing weapon.
Dukeofyork you done boasting mate?
Tip for new investors, never ever base your investment decisions on these statements! Most of the time they are just bullshttng you. Trying to get you in.
Yep the sp did jump once upon a time. Those days may very well be over now. I see a really good company to short here.
Looks like we didn't make a blue finish today. Dull as it is, as long as we don't drop any further, I'm happy with that until September. I want real SP growth by Christmas though. We've waited long enough now. I really hope DP keeps his end of the deal up.
https://youtu.be/6QdeB9B8mtE
Interview starts at 48:35.
Premier Milton are second largest institution investor and took a further £1m at 1.5p at the placing.
Sorry to rehash old ground for any LTH that have seen this.
History behind 2MW (using the 4MW capable equipment from newry) USA Northfork which we will soon have a majority shareholding of.
https://www.ge.com/news/press-releases/ges-integrated-biomass-gasification-solution-power-phoenix-energys-north-fork
GE underwent a restructuring around 2016-2017 andd sold their gasification business to Air products. Air products tried to build an RDF plazmma gasifier in Teeside but gave up after spending $1Billion trying to get it working. It was to be 50MW.
You don't need to wait decades for the future of the most advanced gassification technology. Many failed but
@eqtec
have cracked it. The greenest method of waste to energy is alive and well. I'd definitely put it in the box marked 'critical climate solutions' check them out #eqt
https://mobile.twitter.com/philg_pic18f/status/1422638632138166282
Pension funds now compelled to invest in ESG. Eqtec share price at 1.35, down from 3p highs seen at Christmas time. Some are peeved they bought in then and have cashed out and desperate for a lower entry to make back their losses.
Precisely, a red herring being fed by Aandi.
According to Newrys latest accounts, they have no tangible assets, but really it makes little difference. We're spending a lot of attention here on a dormant micro-subsidiary company which hasn't played a major part of the business for years. Let's talk about something more interesting, like the colour of flies.
Aandi, please tell us what assets Newry own as listed in their accounts.
The great thing about Eqtec is that from next year, the company has 4 revenue streams which do not require any planning permission or engineering design work. The total equity value of the company right now must be north of £40m
Maintenance at the 10 year running plant in Spain
The O&M contract at Tuscany
“The O&M contract value for the Company is expected to be approximately €215,000 per annum;
· Once the Plant is operational, currently expected by Q2 2022, EQTEC Italia MDC Srl is expected to generate annual revenues of c. €2,000,000 and EBITDA of c. €750,000;”
We are on track to be majority owner of Northfork making $4m revenue per year.
The first plant in Greece will require operation and maintenance.
https://drive.google.com/file/d/1TOhJeBd2ku1Pw6hn-oB6k-8IwtwhJg0O/view?usp=drivesdk
Page 5 on talk about the controls in place for only the best projects making it onto the pipeline. Frrom March just after the patent infringement court case was thrown out with prejudice in EQTEC's favour (oppertunistic case brought by competitor Aries Clean energy)
Their prediction at that time was 2.8p, now at 5p
I know it's not a sensible question, but when do you see 6p DoY?
120m new shares now displayed on LSE under "EQT share price" above. 8,563m shares now in issue. The warrant shares have been issued. Could explain the small drop.
To dakry, the slopey shoulder was simply because the document in question was well over 100 pages and I remember getting indigestion digesting it first time around!
Some food for thought about the lack of pipeline conversion,
Staff of old eqtec lacked the drive and skills. Eqtec new Co has been aa hard battle to get where we are today, the pain is in the past evident on the share graph but we are on the right path now.
The CEO has been here under 2 years, the COO under a year, CFO under a month. We have a new guard now.
Covid - it's crippled progress with permits, financing, site visits around the world.
The volume of work required to get a project to financial close is enormous. Look at PHE, they have been years from signing a deal to their first financial close. With eqtec it's all relative, a 0.5MW Greek plant can reach financial close in 6 months, these recommissioning jobs in Italy, Croatia and beyond also have a short time frame. The large contracts with higher risk, multiple funding partners, starting planning permission can take significant time. Billingham we were held over a barrel by Scott Bros who were holding up the land agreement for a long long time. I see now they are flying from success to success from a place of distress. IMO flying on our coat tails.
I will post sections from research notes outlining the volume of work done by eqtec to get a project to fincial close and the strict procedures to ensure only high calibre projects make it to the pipeline. Projects like Deeside which has planning permission due 10th August and already has Toyota onboard as a partner. This is long term thinking with short term hanging fruit in Italy, Croatia, Greece and some could argue USA.
GLA away to get on the bike, enjoy my summer some more.
Its helpful to read factual posts about the trajectory of EQT
There's some great information on this board, with a few green boxes suggesting someone is desperate LOL
Revenue per year forecasts from ITM/EQT/CWR/PHE/AFC
2020/2021/2022/2023/2024
ITM - £5m/£4m/£27m/£72m/£133m
EQT - €2m/€15m/€63m/€149m/???
CWR - £21m/£31m/£35m/£39m/???
PHE - £0.2m/£0.7m/£2.5m/£4-7m/£5-10m
AFC - £0.1m/£1.8m/£4m/???/???
CWR have the most cash in the bank.
Eqtec and ITM have similar pipelines over €600m
Eqtec are the only company forecast to make a profit this year. AFC then PHE are the next two forecast to make a profit AFC 2022 and PHE 2023
Can you track the pipeline growth against actual wins?
pipeline updates:
july 2020 - €341m
sep 2020 - €407m
dec 2020 - €559m
feb 2021 - €659m
Just for fun
The past 3 times that warrants have been exercised have been followed by news within 10 days, we had the agreement with Toyota, further collaboration with ewergy, and collaboration with carbon sole.
There has been one piece of bad news this year so far, clarification on delays in Northfork which the CEO promptly issued immediately that questions were asked by investors. Good professionalism.
Around 20 days is the longest we have ever waited for an RNS, but please remember, 2H of 2021 is the news rich period “deals weighted to 2021”, and also many times we have had updates on developments appear in the trading updates, in terms, full year results that are quite significant developments like equipment sales, pipeline updates, partnerships. Just check the trading update in April for a good example of what goes on behind the scenes without requiring RNS which is just a waste of the managements time constantly producing filler RNS.
GLA, will we see 7% on google by 9am like we did yesterday?
Yesterday’s trades for reference
https://api.londonstockexchange.com/api/gw/lse/download/EQT/trades
€1,750,000 revenue already generated by the 1MW Italian project
Simmilar deal structure being worked out ffor the Croatian plant at 1.2MW
€2m?
The second USA project, planning was updated to upgrade this to 3MW which is the max allowed under the waste wood government grant, and with the new 40% payment at financial close,
€5m?
See page 36/37 for examples
https://drive.google.com/file/d/1R2BvlobUV5FwrJp3xc7Bj2U2pqg7f5j1/view?usp=drivesdk
Then Deeside or Billingham hopefully, Billingham we are told has a total contract vale to eqtec of €30m and is likely on the old deal structure of 25% at financial close so €7.5m
Those 4
Aandi - in your opinion, what would need to happen on current contracts, ie UK, Ireland, US and Balkans, to get €15m revenue in 2021. Can't help thinking this forecast is overdone.
Most recent research by Align is 3.47p (1.35p previously)
https://www.alignresearch.co.uk/wp-content/uploads/2021/07/Eqtec_Align_Update_July_2021.pdf
They maintain their forecast of €15m revenue for 2021.
The *latest* 5p broker note from Arden is available on the telegram group at https://t.me/eqtec
Pipeline currently over €600m and 75 projects.
Projects range from 0.5MW - 30MW in size with capex ranging from around ~€3m - €200m depending on costs and quotes from EPC and depending on which region and design/options chosen.
2 projects reached financial close in 2020
1 already in 2021 with 5 to 7 more expected 2H 2021. 3 projects to be complete and online in 2022 with eqtec having part ownership of two. (20% of Italy and an as yet to be finalised majority stake of Northfork)
€6m in Bank at start of year, £16m cash raise completed in May. Revenue for this year forecast to be €15m increasing to €63m 2022.
That may have been me at 1.45