The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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aandi - so we have 2 more of billingham towards our target of 8.5 projects of that size to reach 50p.. ;P
I think market is asleep, this should have broken 1p by now.
Page 35 shows the blueprint for a single 25mw Billingham plant agreement. Worth €40m revenue (each) over 36 months with 25% payable at the start so potentially €20m revenue start of 2021
https://research.arden-partners.com//view_repos/_7b492cb8-2c31-4893-9545-55e215f40c12.pdf
25MW. Total capex £160m
How many MW project was Billingham meant to be?
Also this is so under the radar it iss unreal. You can just tell by the small number of posters on this BB and the volumes traded.
Worth more than today's market cap alone.
This is 2p share price news
This announcement is like the whole of VLS's project line up announced all at once but to be finished 2 years earlier.
https://www.proactiveinvestors.co.uk/companies/news/921886/eqtec-cuts-losses-highlights-increasing-demand-for-services-in-2020-921886.html
"Post-period, EQTEC said contracted revenues in the first quarter of 2020 were at €2.35mln, already ahead of the total for the entire previous year.
The company also said it had a “high degree of earnings visibility” on contracted or near contracted sales of technology, with its results for 2020 expected to be “significantly weighted” to the second half of the year."
2nd quarter revenue from RNS's
28th May €770, 000 Northfolk
Warrant monies
£80000
£132500
£725,000
How large is the revenue from Operational and Maintenance support I wonder?
47 page research note with 2.18p price target
https://research.arden-partners.com//view_repos/_7b492cb8-2c31-4893-9545-55e215f40c12.pdf
Video presentation with slides https://dt9xom8irs6kr.cloudfront.net/u238195/144695-2877389305321170519.mp4
Our peers:
Velo trading update recently. Market cap £69mil
Ticker VLS
December 2019 (Unaudited)
· Revenue of £0.3m (2018: £0.7m).
(EQT revenue 2019 £1.7m, 2018 £2.2)
· Operating loss of £9.8m, before exceptional items including a credit of £0.1m related to impairments (2018: loss of £18.6m before exceptional items of £10.1m).
(EQT adjusted loss including debt payments 2019 £3.7m, 2018 £3.9m)
Cash end of 2019 was £4.8m
(EQT £0.5m and now much higher)
They have around £10m income from project deposits etc looks like. (EQT could easily achieve this and more if Billingham and a few more come through- low 2020 estimated revenue is £7m)
Haven't done my own thorough research on VLS but some projects won't be ready till 2025, not sure of they have any running plants at the moment.
No debt compared to our £2m
As of Thursday 25th june:
EQT market cap £26.7m
PHE market cap £64.2m
ITM markett cap £1.29b
http://www.alignresearch.co.uk/itm-power/renewable-energy-disconnect-highlighting-major-undervaluation-opportunity-in-eqtec-relative-to-its-peers-itm-power-powerhouse-energy/
aandi
Posted in: EQT
Posts: 1,101
Price: 0.67
No Opinion
RE: DP committed28 Jun 2020 15:39
https://www.proactiveinvestors.co.uk/companies/news/921886/eqtec-cuts-losses-highlights-increasing-demand-for-services-in-2020-921886.html
"Post-period, EQTEC said contracted revenues in the first quarter of 2020 were at €2.35mln, already ahead of the total for the entire previous year.
The company also said it had a “high degree of earnings visibility” on contracted or near contracted sales of technology, with its results for 2020 expected to be “significantly weighted” to the second half of the year."
2nd quarter revenue from RNS's
28th May €770, 000
I wonder if a proactive video update is due after this positive RNS, would be great to open up the potential here and also update how the rest is progressing, just a thought