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Nibbling higher this morning on yet more huge volume of 170m+ so far at midday.
The daily churn of stock here is enormous, 5% yesterday and another 4% so far today plus chip in 15%+ last Friday.
Whatever stale holders there were are disappearing faster than a dropped ice cream on an August bank holiday.
Well I,m doing my best just took 2.6m earlier now holding around 13m so up to 1p please.
I thought that we had seen the back of the seller, however we still keep on getting large sells, has anybody got an idea as to who this might be? Reading back through my notes, I remember that the Directors have been receiving some of their salary in shares converted at 0.33p, I can't help thinking that this is the source of this recent selling as it has only seemed to start since being North of 0.33p, although I would be disappointed as not showing confidence. I don't that we have ever seen any TR1s so this could easily be happening anonymously.
Volume and positive news flow! Simple keys to making a company prosper. Generate positive news flow and hopefully lots to come even this month, this itself generates volume which can help those `that need to get out` and also investors see a growing share price and market cap. Obviously with what we can see UK,GREECE,US,SPAIN,GERMANY plus a global issue of waste out current market cap is tbh a little low, but the company have to keep delivering, lets hope the rest of this year can be as positive as the last 6 months :)
i see a 30m sell just gone through so could be profit taking?
And another 3 million so 10 million share sells absorbed in 40 mins, gone and still we are blue.
thought i would post a link to the billingham project. the artical is a year old but shows the sheer scale of whats coming up.
https://www.insidermedia.com/news/north-east/progress-on-billingham-150m-waste-to-energy-project
Delayed sell of 7m just printed, looks like our seller is still around........................FFS
Two tranches of North Fork payments received, just over 1.5 Million Euros
Hi Analyst, at the time in 2018 Ebioss owned around 36% of the shares from memory and they are now pretty much out of the picture which accounts for the massive depression of the share price. The first North Fork money is already in the bank and lots more to come as I recall from the deal so any new deals announces is revenue on top of this, cashflow looks positive.
I would be interested is seeing an up to date shareholder list as it looks like Inava and Altair are here long term and I suspect the rest of the shares are currently held by Directors and PIs.
For sure David.
If you go back & look at the chart for mid 2018 you will be able to see how EQT moves. Went from 0.3 to almost 2 on the promise of North Fork being landed. Now we have so much more going on it really is exciting times
0.37p bid and only 5 points away from this years high of 0.42p.
This looks like a proper breakout? And with lots of selling volume clearing out the deadwood.
A ten bagger from here would put this on a £150m market cap. That doesn’t seem aggressive given proprietary engineering and a track record of projects. In fact it looks like a nice entre for someone with capital who wants to have a seat at the table where projects are being agreed. Yes there will be others who fit the bill but this one has pan European and US relationships in place.
Anyway it’s caveat emptor as ever.
A different point made here, PHE even with the recent drops has a MC of 54 million and ITM despite modest revenues and and a stonking loss of 9.45 million in 2019 has a MC this morning of 1,581 million. Yes either of these companies may struggle longer term but you cannot extrapolate this to Eqtec with an MC of 14 million a great pipeline of projects and as of 1 June excellent funding for the next 12 months. We are looking a bargin and if the proposed projects in Greece and the UK do go ahead our 2020 revenues would reflect this many times over.
I'm glad to hear its in your interests for EQT to succeed, would never have guessed it from your posts
Anyway, all the best Asclepius, its been fun, although I suspect we will hear from you again when the SP takes another jump.....
Hi "The Analyst" I am firstly not predicting EQT failing
But I do know PHE and ITM but that's another story - former just did a rights issue
And at another sector level no one wants EQT to fail there have been too many failures, which is why 75% of "green" financial community won't look at gasification or pyrolysis, so I have a vested interest in seeing EQT succeed
But EQT occupy a tiny niche in UK and EU - generally WtE projects are around £300m to £500m a throw , they need scale to make money
However if you want a respected professional player in UK in this very sector see Cogen UK
I think this will be a final post as becoming too distracting so its good bye
I did check out the report suggested and interesting reading. What I saw was tonnage of waste processed in the UK up 9.9% year on year and EfW plants in the UK represents 45.5% of the overall UK residual waste market. As this relates to Eqtec, growing market and still plenty of growth capacity in the UK. However Eqtec's big play is largely outside the UK where the market depending on where in the world the project is probably less well developed and growth opportunities are larger.
Clearly large scale projects like this are difficult to put together and get commitment. Eqtec is an engineering company with clever and effiecient technology they are looking to deploy on client projects. Typically we are not an operator but on some projects the company is providing help and consultancy on the operational side. That is why the range and scope of cooperation with large scale operators as we have in the US is vital and absolutely the right way forward.
Hi Asclepius,
Thanks yet again for the detailed response. Please understand, if you come on to this chat board, with zero posting history at all, predicting doomsday for EQT then what do you expect? You are automatically assumed to be a disgruntled ex-employee, competitor etc. Essentially, you haven't build up any credibility.
Your message is clear. No point in trying. However, let me counter, the world appears to have changed since you were involved here. In the last 6 months, this arena has exploded.
There is a clear blue print in order for companies to be successful in this space. To put it simply it is to have good tech & partner up with a 'big boy' as you put it. We don't determine the valuations on this chat board, the market does, & it's there for all to see.
Please refer to PHE, a partnership with Peel has put them into the £100m MCAP region.
Please refer to ITM, a partnership with Linde pit them into the £1.5bn MCAP region.
EQT have the tech, have the partnerships, finally have the CEO. There is no reason why EQT cannot follow the well written blue print.
Despite all your reasons why this will fail, the market, pricing EQT at over 100% up over the last few days, seems to disagree with you.
Thanks again for your message, its been taken on board & will be considered going forward.
If there's nothing else.....
Fair Asclepius, it sounds like you do know some stuff. But you also say you don't know anything about EQT.
That's akin to me saying 'most businesses fail, so every stock is likely to fail even know I have done no research'.
To the Analyst
Firstly I am a new to this forum but I am surprised by the gratuitous rudeness and accusatorial style coupled
with wild assertions in this forum
It is the latter which served as a catalyst to respond although it seems to have attracted the ire (and a large serving
of cognitive dissonance) from many private Investors holding the stock bar the 2 corporates – holding 38.79%
of stock per Bloomberg yesterday at 0850
The WtE sector is a complex one even after 30 years in it, but there is no need whatsoever to believe what I have written.
Go to any of thousands of experts in sector from Private Equity, VC’s or top 4 accountants ; PWC alone has > 100 qualified
Renewable corporate finance experts. Together they see thousands of WtE opportunities each year cost maybe £500 to
£1000 for an hour , a small price to pay
But for free external referencing look at Tolvik WtE stats 2019 report dated May20 and there is a good emag “Lets Recycle”
And then you can google UKWIN gasification failures to square the circle
You mention business partnerships Cobra etc but the project will be there project if they have any significant role. What is EQT’s role?
A project SPV is de rigueur but as I have said no investor or debt provider will put a penny up unless there is a strong project pedigree, proven team, highly experienced business partners and a totally secure supply of feedstock with a project IRR in this sector 15% to 20% All must have very strong financials as a full 100% wrap will need to be provided
I don’t know EQT nor what projects EQT have successfully completed
Generally only 1% of opportunities get funded, for WtE its much less than that
Just to get a WtE project investment ready with all approvals, permits, reviews and contractual framework etc costs upfront a minimum of £500k and up to £3m in professional fees etc
Per project that written off if no completion You cannot get funding on just an idea as you might well know
But at present most funders are focused on saving the supposedly “safest bet ” solar & wind projects where they invested billions effected by low power price and exacerbated
By being funder by debt ; one of biggest UK funders, £500m + a go, has said come back in 2 years.
For Billingham over 20 years the low Mwh price means a loss of power revenue N of £100m – you can do the sums yourself .
Then to create the perfect storm feedstock gate fees are a disaster at present, with any volumes grabbed by recyclers leaving the incinerators etc short of input and prices just ridiculous waste food per tonne down by 75%
So all in all WtE is a problematic market in a number of ways at present
Feels like the massive volumes have come to an end and the stock is now moving on retail buying with occasional stale bull sellers feeding the market plus a few momentum players from a week ago happy to move onto their next “Big Idea.”
A few days of upward consolidation and then a move on the next operational update or contract win. Looking good.
Nice piece of analysis here with a touch of realism as to some of the challenges which given EQT is chasing a small part of the market it should overcome. The EU spending €750bn on a green stimulus certainly adding to the impetus.
Thanks for the detailed reply Asclepius.
As Newboy says, you do sound like a previous poster who has now been banned, many believed was Ian Price. With the new account, only 3 posts, knowing nothing about EQT but finding posts on their chat board does seem strange. However, you do clearly have detailed knowledge on this & a passion for the sector so your future posts will no doubt prove your reasons for posting.
Regarding your post, it sounds like information that the previous leader should have known, that clown tried to win the £100m projects all on his own. Needless to say he failed miserably & is a laughing stock in the sector now.
I would imaging your points are the reason why David has got into bed with the big boys. Cobra, Agrigas etc. I'm also investing under the assumption that David Palumbo knows exactly any future financial commitments EQT may have to undertake & have a solution in place for these. I'm aware that he has spoken about running the financing for certain projects through an SPV that roles up to EQT as parent. This would allow any funding partners a strategic way to invest in specific projects. Possibly Altair spring to mind.
You make an excellent point on the current electricity spot price, this is def worth further investigation.
Thanks again for the post, looking forward to having your expertise on board to discuss the positives & negatives of EQT & future developments.
I call b u l l s h I t Asclepius, I recognise your style from a previous banned poster and fear we may see a lot more of you.