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For ebioss
Directors buys to come
We all know this is double digits
Going to smash this
On its way here, double bottomed intraday, buckle up!
2 From November : SOFIA (Bulgaria), November 23 (SeeNews) - Bulgaria-based Ebioss Energy said it signed a deal with Energy China and UK-based Catfoss to build two waste-to-energy plants in the UK worth 146 million British pounds (170 million euro) in total. One plant, which will be located in Newcastle, will have 12 MWe capacity and will be able to process 72,000 tonnes of waste annually, Ebioss said on Tuesday in a statement on the Spanish alternative stock exchange MAB where it is listed. The investment in it is estimated at 53 million pounds. The other one, in Hull, will have 20 MWe capacity and will be able to process 120,000 tonnes of waste annually, as the investment is expected to add up to some 93 million pounds. Of the total investment in both plants, 25% is equity financing and 75% is project financing provided by a financial entity designated by Energy China. Of the total equity in each project, 51% will be provided by Chinese investors, as 20% will come from Energy China and 31% from a Chinese financial investor, a further 20% will be provided by the project developer, and 29% by Ebioss or an investor designated by Ebioss. In May, Ebioss Energy said it has signed an agreement with China Energy Engineering Corporation (Energy China Group) on the joint implementation of gasification projects in UK, China and other markets. Ebioss has made available to Energy China Group for joint analysis part of its project pipeline worth a total 258 million euros ($287.5 million), it said at the time. For its part, Energy China is responsible for developing the projects on the basis of an Engineering, Procurement and Construction (EPC) contract and for helping raise at least 75% of the project financing through Chinese and international banks.
Going strong
Sorry Quindell, I may have been abrupt earlier, got caught out by the 7.45 release of the RNS and was catching up after scoffing down breakfast.... I have now read the full release and can state, 1. This is a reverse takeover by Ebioss. 2. Ebioss wanted an AIM listing and they have now reversed EQtec into one as you say the debt for equity sum was simplistic, but I know where Clive was coming from, However I started to think about FBD our just over 50% partner in Newry Biomass, if we are giving equity for all of the EQtec bill and interest (some €5.3m in total), then where is their input? On reading the full release, once financial close has been reached on Newry for the €11.2m (still ongoing), NBL will pay REAC the €5.3m. That in turn will be used to clear all the concert parties loans some €3.8m. So REAC (EQTEC PLC) will be able to clear the majority of it's debts (just the Ebioss one left and bank finance for Pluckanes wind turbine). This will leave them in an incredibly strong position with Ebioss financial backing and collaboration into new projects and a share in Newry going forward. Also noted that Ebioss may take all the warrants of the concert party for a consideration of €100k, now why would you want to pay for warrants that are so out of the money 38.45m warrants at 10p and 11p? They can only believe these will be cheap at one point and worth investing in now.... Very pleased with this and as soon as some of the hot money churns we will see more investors jump aboard the story. Ebioss are looking to develop £330m of projects in the UK, REAC will get an entry into these projects now!!!
8,899k ......4.75 paid
Yes look at the late reported trade, seller is out and by the looks of it so are most of the short term traders.
Only 1 MM below 5 now. Should get some press/analyst coverage and then we will really motor! GL.
yes
Pleasure, glad to see you doing well. Very pleased with this morning's news here. Shares gone into safe hands and double figures is pretty much a definite here now in my view.
Im not saying it wasn't a good deal, quite the opposite..... and agreed having ebioss involved directly is massive and fits in with their plan of entering the UK market.
Well put. Traders left first thing. much more to come hen people realise what is on offer.
quindell, It certainly is, apart from the fact it is more than €5m, it is the interest, it is the huge back up Ebioss have, with China Energy and their much bigger financial clout, it is the entry into the projects that Ebioss China Energy have already signed up and the future ones. REAC are getting far more than the m for giving away the 51%. Ebioss wanted to list in the UK on AIM and now they have their vehicle to reverse into. REAC has been transformed by this and as I said on another thread the 5.53p is also a dummy as Ebioss will have got this aty a discount (just like in a placing), the fact it is a premium to the current SP shows how disconnected the SP became from reality.
Totally agree Draft, this is going to go nuts before end of day!
Needs time to sink in but this is way undervalued now! I notice we have a new MM on board this am and expect more to follow as volume and story grows! GL.
You ll never get this chance again Market still hasn't woken up Ebioss are huge
This is fantastic news, Ebioss have finally made their move and this should also see REAC holders sit within a much beigger and more dynamic group. We still hold 49% of this entity and yet it will be going for a huge market especially with £300m worth of projects already lined up. REAC was never ever going to do all this on it's own and this investment is exactly what Ebioss wanted. This is a strong buy and worth far more than the 5.53p amount Ebioss will be getting their stock for. just like a placing this will have been done at a discount for them, the current SP has such a large disconnect to reality.
So going to progress Reacts existing pipeline of projects and also use react as an investment vehicle for uk and worlwide projects and that appears to include the recent projects announced with funding from china. £330m in the uk alone!
EGM, the Company is also asking Shareholders to vote on the change of its name to EQTEC PLC
EBIOSS Energy intends that the Company should remain quoted on AIM and may only vote their shareholding in favour of a cancellation from admission to trading on AIM if the independent directors of REACT (i.e. those directors that have not been nominated by EBIOSS Energy as their representative(s)) recommend such cancellation or if it is in connection with (a) an offer for the entire issued share capital of the Company made by a person other than EBIOSS Energy or its associates; or (b) the New Ordinary Shares are already or will be admitted to trading on an EU regulated market. As stated above, the Company has a number of projects at various stages of development, and the Directors believe that the development of these projects can be best progressed by funding and technology provided by EBIOSS Energy. The Directors believe that the investment by EBIOSS Energy to be a confirmation of its belief in both the opportunities in the renewable energy sector and also in the prospects for the Company generally. The intention is that REACT as a 51 per cent. subsidiary of EBIOSS will also act as an investment vehicle for the EBIOSS Group with the objective of investing in RDF gasification projects mainly in UK but also other countries worldwide. REACT will benefit from having opportunities to access to a pipeline of gasification projects in UK that have undergone a detailed process of due diligence and project structuring by the engineers and project developers within the EBIOSS Group. The current EBIOSS Energy project pipeline includes more than £330 million worth of potential projects in the UK alone and this pipeline is constantly being reviewed and added to by the EBIOSS team. REACT will be able to offer international visibility to the EBIOSS Group and specifically the EGT and act as a vehicle to access the financial markets in order to raise capital for investing with co- developers in appointed UK projects. In this regard, EBIOSS Energy is already in discussions with one Chinese based firm, Energy China, about becoming a co-developer of UK projects with the EBIOSS Group, which on completion of the Proposals is intended to include REACT. EBIOSS Energy has confirmed that, subject to the completion of the Conversion Agreement, it intends (but has no legal obligation) to consider and use all reasonable efforts to provide opportunities for the Company to participate in gasification projects which EBIOSS Energy or its associates may wish to advance in the United Kingdom. However, there is no legal obligation for EBIOSS Energy to provide such opportunities to the Company and as a result, EBIOSS Energy may develop gasification projects in the UK independently of the Company.