Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
C909 So why are you still here?
Type "eqt share price Google finance" into Google. First link, click. Scroll down under graph to quarterly financials. See graphs of revenue and losses in 2021.
2022 same story, revenue is due in the 2h.
Then check one of the many research reports and have a look at the outgoings column. Should the management have stopped operations and closed the office for the first half of the year?
"Wrong market for you then."
Why @aandi, just because i don't buy fully into your "Wako" like cult hero worship of DP.
I'm still waiting to hear you change your tune on the "bridging loan" topic and how much of a stellar decision that was for us
FWIW - There appears to be a lot of buying all of a sudden.
Could be Pump and Dump but at the moment it looks like the answer to buy/sell is BUY.
Wrong market for you then.
Sounds like FTSE 250 be a safer place for you to be
"C909 you seem to have little confidence in EQT BoD"
Do i like the financial situation the CEO's arrogance and CFO's incompetence have put us in under the current market conditions, definitely not.
There is also a difference between having confidence and blind hero worship !
C909 you seem to have little confidence in EQT BoD. Standard wisdom says you should sell up and go to where you do have confidence. So why are you still here?
‘Going round in circles here!! ‘
That tends to happen when you keep your eyes closed !
Going round in circles here!!
Velocys timelines, 5 years to financial close.
Powerhouse, 3 years to financial close.
Reputational risk I was referring to caused by the delays in finishing projects, not starting them.
"Finishing the projects that we don't own equity in however is more of a reputational hit than a financial hit"
Do you think DP's reputation for non delivery could get any worse after the shambles the three UK projects have turned out to be in the last 12 months.
We could "sell an equity stake in Northfork. Sell our share of one or more JV's? We have €12m in project equity right now, shares in projects we could sell off if we wanted."
Really who the hell is going to take on any stake in North Fork it's a complete sh**show, it's a charity case, and in the current market where are all these buyers for the JV's coming from, in DP's own words there are lots of investors about but they are risk averse, unlike it would seem DP, his recklessness regarding the financing is the biggest concern most have in EQT.
@aandi you really do need to tone down the drum banging, whilst we (most) remain confident (hopeful) that everything is on track we have to be mindful of the BoD actions regarding financing in the last six months.
Have a listen, powerhouse energy interm CEO explains that "nobody realises how long these things actually take",
https://youtu.be/Kectr8e9BBQ
The wait at PHE has been going on for 2, almost 3 years waiting for the first financial close, and that's a 4MW £25m project not a 25MW £200m project (Billingham).
At least eqtec have had 5 financial closures in that same time.
See this video from Hydrogen Utopia, developer and partner of powerhouse technology. The CEO Aleksandra talks about supply chain issues and buying parts on eBay.
https://audioboom.com/posts/8134697-the-sunday-roast-special-featuring-hydrogen-utopia-international-ceo-aleksandra-binkowska-and-ex
Tends to happen when there hasn't been an RNS for a month. Can't regurgitate same stuff over and over plus get a bit despondent with having parts of posts quoted back with scare stories about warrants and BOD members not doing there jobs properly.
Plenty of share board CEO's on Aim!
Normal service will resume on RNS day, looking forward to it.
Join us on telegram for a more pleasurable Eqtec discussion
@ aandi have you been on the pop? you've gone from knowledgeable to talking utter *******s all of a sudden
Did you ever sign a confidentiality clause in your contract with engineering company
https://adage.com/article/marketing-news-strategy/supply-chain-crisis-causes-demand-surge-resale-sites-and-marketplaces/2372826
Haven't heard that it is happening on eqtec projects but it's maybe an idea? Northfork and Agrigas 1 would maybe benefit with their budget shortfalls and obvious delays. Depends on the nature of the part, computer hardware for the office and furniture could be a good contender for an eBay buy and a nice saving =)
World leading technology which we are buying components for on eBay because of covid, manufacturing delays and a war. My gosh what have we invested in. Those spinning plates hey - good job we have some business in Greece because they could come smashing down.
Let’s hope not ;-)
I've actually worked for one of the large engineering firms announced by eqtec in the last 6 months on the UK projects. Someone decided that it would be a great idea to move all the equipment from the jetty by crane into position so that the project looked further on than it actually was when the big boss came for a site visit. The implications were that pipework and cable runs couldn't be completed, they had to be threaded in, assembled in bits. The project was over a year late and hundreds of millions of £ over budget. It got so bad that we couldn't afford the rent to the yard for being there so they would brethelize the staff almost every morning which cost us a good few quality staff members and a few top managers too.
And that was long before covid, the war and the cost of living crisis but the project still got completed and made the company millions
To clarify that is 2 - 4 projects under construction to be finished and online, and 3 - 5 projects under development to reach financial close ready to begin construction. So many spinning plates (well some are stationary until more revenue arrives)
And of course it is all the fault of covid and supply chain delays. Many companies buying things on eBay now instead of waiting for new items to be manufactured
A few projects later in the year (maybe before the end of Q3 if they stay on target), 3 - 5 by the end of the year
They have indicated that between 2 and 4 projects will be finished by the end of the year. Finishing the projects that we don't own equity in however is more of a reputational hit than a financial hit as we make more from projects early on than when they are online as we aren't owner operators, we are technology sellers.
Have you ever managed in business??? Spend now to grow faster??? We haven’t even managed to drag ourselves over the finish line with one project. Where exactly does all this money get generated to spend??? Loan followed swiftly by a placing, aka us, Bank of their Bottomless Pit! They can’t keep throwing money around in their quest for further pipeline. You state 2 projects possibly to close by the end of the year - they’ve stated just the 1 MDC and committed to a timeframe of a season - nice one - which takes us to the end of the year.
Oh hi testpack best mate!
AFC 2022 revenue forecast around £4.5m, market cap £250m
IES 2022 revenue forecast around £3m, market cap £52m
PHE £1.56m (looking doubtful now), market cap £79m
For some reason the market rewards companies for sitting on cash and not growing their revenue.
Eqtec 2021 revenue forecast originally €15m but it came in at €9m.
So what's a bad case scenario here, €18m revenue instead of €27m? €0 cash in the bank at the end of the year instead of €9m? The share price can rise fast on a few financial closures later in the year, plus we are entering a green bull market we think, and with a better share price we could surely take out the remaining £5m loan if push comes to shove..
If things are really really bad come the interm results, we could protest en mass, organise an EGM, force the company to hault spending cash on new projects, sell an equity stake in Northfork. Sell our share of one or more JV's? We have €12m in project equity right now, shares in projects we could sell off if we wanted. We could then end the year with €12m cash in the bank and €25m revenue target for 2023 instead of €45m we hope to achieve on current growth trajectories.
I know my preferred option, spend now to grow faster and eventually the market will appreciate the amazing growth in revenue, the pipeline, being on the cusp of technology readiness TR-10 for biomass and TR-8+ for RDF which will allow us to become a licensor of the tech.
Maybe have a little faith and optimism and you might not scare off new investors and we could be sitting at £100m market cap and not £45m.
Amati killed this in H1, pessimism is killing this in H2 so far! =)
*€2.7billion market cap
aandi. You are still trying to polish turds.
'If Eqtec were trading at 100 x 2022-23 revenue, we would have a €27billion market cap'
If, ifs, and more if's. It is not going to come anywhere near this present year forecasts. And you try and suggest every one is as gullible as you by stating a Eu27B MC IF it trades 100x earnings . FGS aandi, give it a rest, you are only deluding yourself.
*€2.7billion market cap
The situation at the start of 2021-
"The future
The alternative energy companies are undoubtedly in an industry where there will be increasing demand for clean technology and fuels. The valuations are high and most of the companies will continue to lose money for the next couple of years at least. For example, ITM is trading on more than 100x its 2021-22 revenues, falling to 49x forecast revenues for 2022-23."
If Eqtec were trading at 100 x 2022-23 revenue, we would have a €27billion market cap