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Regarding 2.2p equity plans, see the below from the 11th Feb RNS
"Both types of Incentive Shares will be allocated annually and, subject to the above vesting conditions would vest over three years. For example, the 2021 share allocation would vest in three equal instalments on 1 May 2022, 1 May 2023 and 1 May 2024, following announcement of the Company's annual results."
The staff can't touch any of the incentive shares until 1st May 2022 so we have a little time yet for the share price to recover before the staff feel.. 'disinsentivised' if this is the correct word to use.
+1 phil01. Though I would suggest that - particularly on AIM - sentiment plays a part in adding or subtracting 20% to today's share price on virtually any share. So, is EQT at fair value today ? On bottom line, yes probably. In terms of sentiment, probably not. Maybe 1.4/1.5p is around where PIs think it ought to be today.
The one thing I do find surprising is that we've seen three deals in the last few weeks - Italy x 1, Croatia x 2, with Southport taxiing for take-off. And the SP has languished. One whiff of less-than-great news has knocked 17% off.
Long term we'll see a recovery. But I must accept my own 3.5p end-of-year prediction is now looking "off".
phil01, you’re quite right. Nothing CB or anyone else says, has or will affect my decision making. Bought more yesterday and again today, so for transparency, that’s just over 4m shares and with an average of 1.2p which I take complete responsibility for. If I think the company could do better than I shall say so, as with AFC, but generally my feeling is that we’re going in the right direction and I’ll hold for five years; possibly less if we get our act together and the price is right. I may complain, it’s my right, but ultimately i won’t whine if I lose the lot. GLA.
Like most investors, I have god a few wrong over the years. The difference is that I think for myself so if I get it wrong I take full responsibility for my decision and learn from it to guard against making that in the future . it is neither the managers fault nor the guy/al in the BB that said I should buy.
If the management is poor and I invest then I have made a mistake of not correctly appraising the management before I trust my hard earned into their care. If I listened to the guy/gal in the BB and committed my own money then I mentally flog myself for letting some else invest my money when it is me that will feel the pain.
It appears that for some people it is always some else's fault and no accountability on their side. Unfortunately the first rule of investing directly in the market is taking personal responsibility ...else the person should find a fund manager who will make that decision on your behalf.
CB, DP did not hold a gun at any body's head. People were glad to over subscribe. All CEO pulls off placing at the best time to could in other to reduce dilution and DP did a good job. So YES I am congratulating him. If he had come now to do a placing at less than 1p I will be moaning and asking why he did not do the placing when he shares were trading at 2p.
People should not blame others for poor investment decision. We should all take ownership of our decision. If you worked out that the shares will be 30p by now and it is not, then it is your analysis that is at fault which you should revise and not anybody's fault but yours. I have not at the moment heard any promises by DP, all he said is that he hoped to make EBITDA profit with fair wind. He does not control the wind ... ..so until you provide the fair wind he is still correct.
At the risk of upsetting rampers I did clearly say at the time that DP and co would be popping the champayne after getting that placing away. To be completely honest I was amazed that they got the placing done. One of the most amazing miracles I have seen in recent years on the AIM casino.
Looking on the bright side, DP played a blinder. EQTEC needed money and he managed to get away a placing at 1.5p.
If you are being realistic, EQTEC is at fair value now. it is a company making a loss with a revenue of about £2M last year. It is in the correct technology area and has access to pipeline but that is just pipeline and not orders.
My look at EQTECs income stream model which still needs to be proven: 1. Technology sales : they have to pay for manufacture of the equipment so what is their profit on these equipment sales? 2. OM contracts: the yearly OM contract income is reoccurring but nor significant >>> about £300,000 per year. 3. Professional services: Usually that is what they get paid for all the activities they did prior to financial close, ( financial close income). 4. consultancy: £? 5. Part ownership of operational plants: here we have heard from their deal with MNRG as well as the MDC's that they expect EBITDA of about Euros 750,000 , hence if EQT owns 50% of the SPV they will get 50% of that.
All these income stream needs to add up to more than EQTEC's operational cost before the company can turn a profit as a business. If you are realistic you will estimate that it will take quite a few installations, for EQTEC to be profitable on a consistent yearly basis. DP in one of his interview did state that they are going for quick construction of about 10 smaller facilities to provide the company with a base to start tackling the bigger fish.
PI always get over excited and chase the price up, which is good news for traders as they will gladly sell when 50p by next week gang are coming onboard and buy back at value when the over enthusiastic gang become disappointed and start to sell. Hot air can only keep a share up for so long then it finds its level. I believe EQTEC is value now. If you are sitting on a loss, like quite a few folks here that believed they will get 10p by year end, then if you still believe that this tech will have its day and the tech has been proven then you have no choice. You have missed your chance to sell as it is at value now. You might as well sit on it.
Does not make it an easier pill to swallow but you can chuck it in as a learning experience to always to have your wits about you when an entire BB is in a group think mode.