11p target price - Easy here EQT11 Jan 2019 15:52
1. EQTEC £20 MILLION valuation versus its leading peers..
Covanta - $1.76 Billion
MVV Energie - $1.67 Billion
Grandblue Environment Co. Ltd - $1.4 Billion
GCL Poly - $1.12 Billion
China Everbright - $0.82 Billion
Hitachi Zosen Inova AG - $0.518 Billion
2. we have imminent contracts landing in the range from 10-100m. Any amount lands makes no difference as the market will then re price the contract pipeline portfolio of eqtec which will mean at least 200 million minimum. That's based of Pe of 7 (same as covanta) on a 100 mln contract alone. We have multiples to come.
11p and beyond