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Even if the three wise men had been presented here today, including gold, frankincense and myrrh, the maximum reception for some people here would have been that the presentation had taken place in an old stable.
Agree pal entirely, for me 2022 is transformation however sentiment wanes fast on aim now and crypto attraction has taken away a lot of speculative coin.Today underpins eqtecs desire to move forward into a new phase with a great business plan.Tomorrow I will take advantage of proximity and visit new road billingham and take in the canvas.Still keeping powder dry to add more on dips.This could be the share for 2022 just need to be patient ;))
What we are getting - More projects, bigger pipeline, faster conversion to financial close, 700% revenue growth, higher standard of RNS, better executive team, more high standard communications and videos.
What retail investors on LSE demand- Simpler technology whith an explanation a 12 year old could understand. Billion pound market company standard production on their presentation which was announced 24 hours previously and during a covid pandemic.
So they need to hire a camera man and a sound engineer for the next presentation to your satisfaction? And maybe the fact we are a technology provider in the advanced gasification industry means we need to somehow simplify how the business model operates so that it is easier to explain to those of us with lower IQ's? "however as I say I am still a holder" - classic line that, very often heard on Aim stocks shortly before a rerate.. Very original, thanks!
Presentations need to be right. My wife complains that my packaging of the Xmas presses are sub standard after all, first impressions count. Marketing is all about presentation - its what catches the eye. Good presentation leave a good impression - a poor presentation can say a lot as well.
This may be the best run company with the best world beating idea - but the presentation today was way below standard. However as I say I am still a holder , a believer and at the right time an accumulator - but that presentation.........!!
Alcoops ref 15.42 post I note when they were specifically about projects getting to the stage where they are operational in 6, 12 and 18 months they said there would be four by the end of 2022. I would therefore not say any closures this year are certain. Although to get too the 15m Euros target they would probably need some to do so.
I fear that having said the presentation was on the interims but then failed to discuss them in any meaningful way analyst may come to their own conclusions why this was. It is not as if there were not things in the interims that reassurance was not needed on. It would be interesting to see what happens to the share price tomorrow.
Not new but one thing i found interesting, was the difference of focus between the geographical areas. 1. Greece, Croatia, Italy - community coops with almost daily delivery of feedstock 2.NF,Cal - environmental protection with significant pipeline of projects there. Electricity is a bonus 3. UK - high volume, large scale 4. Ireland - syngas 5. France- energy transition from fossil fuels to retro fit gasification 6. On premises industrial. No specific location. But feedstock next-door to plant.
I was happy enough. Good explanations on how the business model makes money and how the model needs some growing into to get it to the most lucrative payback stage. Confirmation of back end weighted revenues in H2. No real ducking the question on 15 million Euros revenue this year (so they must either be confident or very very good conmen). I can forgive them low end production for the VC I want them concentrating on other things not a flashy video set-up.
The technology solutions is designing a project to a customers specification and setting up JV's with local delivery partners and EPC to provide the whole package. Also fine tuning of every part of the design to suite the customers requirement ffor each location. Then the technology solution is also the market leading gasification technology which can deal with up to 50 different feedstock. The templates being worked on now are scalable and repeatable in multiple geographies. In the future when multiple JV's have been set up, there will also be a licensing format where the technology and design can be sold to third parties which requires much less input from eqtec and is more profitable. Think franchise business model.
No problems with the lack of sophisticated technology and didn't mind the standard slides - if only there had been less emphasis on their being a technology company and constant reference to digital presence. I think it was just me but my major problem is that I was left with a feeling of "Emperors New Clothes" . Much mention of quality technical solutions - little mention of exactly what these solutions were. I guess I need to do more research so that I know - but wasn't the idea that they told me?
Folderboy, maybe once eqtec market cap is above £2.4billion we can have a higher production value of video to your liking ;o) maybe the £1000 desk conference microphone unit is on order following the £50m 2022 placing at 10p
David the CEO was on the left, Nauman Finance director at the back and Jeffrey Operational director on the right. Quick overview copied from my post in the telegram group which has some screens shots from the call and also a copy of the presentation for anyone who is interested.
"Hi John. All 3 board members, the CEO the CFO and the COO all very professional in their delivery. They again reminded us that each stage of a project is profitable, the SPV stage pre financial close (as seen with Billingham), financial close then Operation and Maintenance. Each stage is profitable to eqtec. We don't take equity slices and own projects outright as the company can grow faster by releasing equity and investing in turning the pipeline into working projects more quickly. On track for 6 projects financial close this year. Further JV's expected. The EPC partners selected is being considered very carefully as the biggest oil and gas companies are not always the best partners to work with in terms of their vision and delivery quality. A very responsible approach. Even small projects such as the Greek ones can take a year for the environmental paperwork to be completed but they are trying to streamline the process. The number of employees is growing all the time. They are very happy with the growth so far and expect more projects to be announced in october and November. €15m revenue is still on track and they hope it can be delivered but not 100% guaranteed but they are all working tirelessly to make it happen. They submit very detailed design proposals on each project and can reccomended areas to improve the IRR and make operations more profitable, for example at Billingham there are up to 20 different areas which can be adjusted to change the project economics resulting in a very detailed tender proposal to the infostructure investor of the project."
Folderboy - presentation was not a technical achievement was it! I too almost switched off about 3/4 minutes in but suffered it to the end. I made a comment afterwards that what I wanted to see were the people driving this company not a screen full of slides. Why I wanted was to get into their personality their body language and it would have been nice to know who was talking - all we had was a small screen tucked into the side - impossible to make out facial features - very poor. In fact it detracted from the presentation completely. Still invested tho!!
Agree: passion and enthusiasm. I think it may have been advertised as about interims. But at outset DP said "refresher of business model" and Q&A. They did refer in general to activity in H1 v H2. H1 being formative, investing in staff and spending time on partnerships. H2 being where benefits will come.
One of questions asked about €15m est. Said, depends on selling SPVs to partners. Depends on 6 projects, all with Eqtec exec directors involved. DP did say, even if 4 or 5 deliver revenues on time, there is strong momentum going into next year.
These présentations usually posted on YouTube later.