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Eqtec and Hydrogen - a poster recently asked-
"Can someone explain the process to create hydrogen using EQT processes please. Or point me in the right direction . I’m confused with our comparison with ITM"
https://eqtec.com/how-biomass-gasification-can-help-boost-global-green-hydrogen-production/
Also from the q2 trading update, we were told:
"As announced on 22 March, the Company is progressing a number of significant R&D projects with its partners, to prepare its technology for application to a wider range of opportunities. The Company is working with leading certifications agency TÜV to achieve a certification for hydrogen-linked technologies. In Q3, the Company's technical team expects to test several types of RDF material with its partners at the Université de Lorraine in France and then carry out Fischer-Tropsch gas-to-liquid tests in Q4, subject to pending health and safety approvals for the laboratory, which are expected in Q3. The Company is also developing relationships with a number of new technology partners, which it expects to announce in the coming months."
The technology exists, we just need further testing (universities we're closed most of last year so R&D slipped back a bit), certification and partnerships. One of our directors just joined the board of VLS. Could be nothing but biofuel research has been/continues to be conducted using different feedstocks as fuel.
Landfill waste > jetfuel would be a nice market to enter (pioneer?) sometime in the future.
5p broker note https://drive.google.com/file/d/1dkPxaS5LXaERABkHHkIcIHqHzprr7VTE/view?usp=drivesdk
Cash situation:
Cash in the bank at the end of 2020 as reported in the full year results was €6m.
£16m cash raised end of May 2021.
Over and above this, revenue for 2021 is still expected to come in at €15m meaning that in total the company has more than enough cash to cover all outgoings, to invest in an equity slice of the most attractive projects with favourable IRR%.
https://www.sharecast.com/news/broker-recommendations/morgan-stanley-sees-itm-power-sales-growing-at-70-cagr-over-decade-to-2030--7865594.html
Compound Aanual Growth Rate of ITM vs EQT. estimated revenue of both companies: ITM first then EQT
2020/2021/2022/2023/2024
£5m/£4m/£27m/£72m/£133m *
€2m/€15m/€63m/€149m/???
ITM will not be profitable until 2025 earliest.
Eqtec should make their maiden profit this year.
ITM marrket cap is £2.2B. They do have a gigafactory (with Moore capacity than they have orders) - and large partners.
Eqtec have siemens, Toyota, General Electric, Wood group, Idex - and we await a large EPC partnership for the UK pipeline execution.
*ITM 2022/23/24 revenue data from simply wall st
Pipeline growth so far:
july 2020 - €341m
sep 2020 - €407m
dec 2020 - €559m
feb 2021 - €659m
Awesome Thankyou aandi
@3:40 Improvements on delivery with partners and framework
@4:45 Time lost due to covid has been spent wisely
Also interesting to note that the hunt for the new CFO had being ongoing for a year already
https://www.proactiveinvestors.co.uk/companies/news/955384/eqtec-says-latest-update-is-focused-on--execution-and-progressive-opportunities-in-our-pipeline--955384.html
EQTEC PLC's (LON:EQT) David Palumbo presents his latest trading update which he says is focused on 'execution and progressive opportunities in our pipeline'.
The company's revenue forecast of about €15mln (£12.9mln) for the year remains in line with forecasts previously announced.
Palumbo explains how the company is on target with their opportunities that are maturing and expects to see its first year of profitability in 2021.
EQTEC also appointed Nauman Babar as finance director who has taken over from Gerry Madden, bringing his 20 years of experience in finance-related roles.
£16m cash raise completed 11 months after the last one. £1m to private investors and over £10.5 m to new institutional investors (less likely to trade short term) This raise is being used for technology advancement, land purchases and equity investment in short term cash generative projects, so value add and not 'lifestyle' or 'keeping the lights on'. A director took £100k at placing also.
Revenue CAGR (% increase per year) expected to be over 65% over the next 5 years. Over the next 2 years this figure is over 400%. Pipeline is sitting at over €600m (as of April) with only quality projects added to the pipeline during the vetting process.
€15.5m revenue (€3.5m profit) expected in 2021. 2021 is expected to be the first year of profit and with a fraction of the marketcap of likes of ITM or CWR. ITM will not be in profit for a few years yet. Eqtec pipeline exceeds that of ITM and CWR combined..
ii very bullish on EQT:
https://www.ii.co.uk/analysis-commentary/how-alternative-energy-beat-oil-and-gas-aim-2020-ii514770
2020/2021 court case for falsely claimed patent infringement in the USA has been thrown out, as agreed by all parties in a motion to desist with prejudice, meaning no further case can be filed in this matter. The platif, Aries Clean Energy claimed patent infringement against EQT which was an opportunistic lawsuit with little merit due to EQT having prior art and historic use of gasifiers pre-dating the patent filing.
Eqtec currently lack a large multinational EPC partner. Other green companies have enjoyed share price rerate on such partnerships.
There is a backlog of financial closures on deals originally scheduled to be completed H2 2020 due to Covid. There is a new deal structure in place now. The first payment at financial closure is now for 40% of capex revenue payable to eqtec (around 35% of total capex is revenue paid to Eqtec), this was previously 25%.
https://www.inspiratia.com/renewables/regions/eu-europe/uk/region-insight/article/eqtec-ceo-companies-like-us-are-becoming-the-prize
Align research note available online, price target 3.47p
http://www.alignresearch.co.uk/wp-content/uploads/2021/07/Eqtec_Align_Update_July_2021.pdf
Account needed to view - latest note from Arden May 2021 with buy rating and price target 5p
https://research.arden-partners.com/portal/portal.html
Video presentation with slides - **very informative** on company's corporate strategy:
https://dt9xom8irs6kr.cloudfront.net/u238195/144695-2877389305321170519.mp4
Latest proactive videos with CEO David Palumbo
https://youtu.be/nCuosGed0gU
https://youtu.be/fWOAP-kvpJ8
David Palumbo interview starts at 14m in podcast and discusses the RDF market and potential dominance of EQT:
https://mobile.twitter.com/thejointventur1/status/1319635982220775426
Hi guys could you possibly post any useful links here for new investors to EQT please?
Many thanks.