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A “handful” of expected deals in Greece for 2021
In Croatia 2 deals expected in 2021
In USA 1 being built, 1 in planning permission, 1 in DD Stage
In Ireland 3 pipeline deals 1 expected Q3 2021
Teeside, Deeside & Southport all moving forward
These are all independent of a Wood Group Collaboration ......
If eqtec needs to get something over the line I don’t think it’s going to take long to hear something very positive
Given the pattern of up on good news and a steady creep back down you would normally try to sell at the surge and buy back on the slump but if you miss a bulletin you might not get back in.
Sitting, holding, waiting ..... £1b MC.
Closing deals
Making profit
Increasing pipeline
The writing is on the wall ......
Aandi reminds me of a situation years ago where a firm I worked for was undergoing huge changes. A new manager came in with the “manual of change”
He said “I’ve read this book from cover to cover” and just as it went deadly silent in a room of about 70 people, my pal turned to me and said “but he didn’t understand a f******* word of it” thus marking the end of his career.
You have to wonder sometimes, the answers are all there ......... wood for trees and all that!!!! (No pun intended)
In addition wood group are not having the best of times
https://www.investorschronicle.co.uk/news/2021/03/16/wood-group-tumbles-deep-into-red/
It would make sense to introduce 3rd parties who specialise in funding deals
Wood group signed a contract with Resilient Cities Network
https://www.woodplc.com/news/2021/wood-signs-new-partnership-with-resilient-cities-network
We bring together global knowledge, practice, partnerships, and funding to empower our members to build safe and equitable cities for all.
Eqtec
Our proven, proprietary and patented Advanced Gasification Technology creates uniquely pure, high-quality syngas. This is the ‘magic’ behind our low emissions, our high operating hours and our compelling business models. It is our mission to bring our pure syngas technologies to more people and communities everywhere, for cleaner waste management, cleaner energy and a cleaner world.
https://www.woodplc.com/news/2021/wood-strengthens-sustainability-commitments
https://www.mrw.co.uk/news/optimism-over-new-plants-despite-loss-at-eqtec-20-04-2021/
Accelerated pipeline growth through strategic partners: An additional 17 opportunities added in H2 2020, bringing the total pipeline to 58 at the end of 2020 (a further 17 were added post period, between January and March 2021). Financial forecasts indicate profitability in 2021Since the announcement of the Group's interim results in September 2020, the number of opportunities has grown from 41 to 75, an increase of 83% over six months.Over a dozen new opportunities in Greece are identified for 2021 - 23 with a handful of those targeted for 2021.Collaboration Framework Agreement was completed with ewerGy for 13 potential new projects in the Balkan region (notably, Greece and Bulgaria), with exclusivity. In Croatia, the Company is finalising legal execution of a joint venture with local partner Sense ESCO d.o.o. that will pursue a portfolio of projects there including two in 2021 and a further two in 2022. Forestry waste in USA: Projects are being developed with US partners, Phoenix Biomass Energy LLC ("Phoenix") and a full planning permit is progressing for a second project with Phoenix in Napa, California. Technology due diligence has been completed successfully for a third project with Phoenix, in Wilseyville, California and has already received indicative non-binding terms for funding.The Company is excited to announce that it is pursuing recovery of two plants built with EQTEC technology. The two plants are expected to be acquired in 2021, with the first acquisition nearing contract completion.In terms of new markets, the Company has seen a significant increase in new interest from Asia, the Middle East and Australia, including direct approaches by potential delivery partners, including EPC companies and their suppliers.RDF Billingham Project in UKRDF Deeside Project in UK:Southport Hybrid Energy Park Project in UKCollaboration with Carbon Sole Group, Ireland With an immediate pipeline of three deals, planning application for the first deal in Shannon has been submitted and a decision is expected in Q3 2021.Innovation, Research and Development: In January 2020, the Company received approval to carry out tests utilising Refuse Derived Fuel ("RDF") In October, a Technology Review and potential collaboration with Wood Group UK Limited commenced."I look forward to our delivery of further growth and profitability in 2021 and beyond."
Lots of figures in this RNS
it crosses over with updates for this year but I don’t feel it gives accumulated totals
It states where we were 2020, and spells out we have got off to a flyer but this RNS is historically looking at 2020.
There appears to be another story to tell which includes Cannaccord & Wood Group. Is this deliberately vague?
I don’t believe the cookie jar has been fully emptied.
More to come IMO
IMO
Only if we get media behind eqtec
We have had so much great news and after a week or so back to ground level.
Is this the next break away back to 3p+
I don’t suppose it matters the future is written however long it takes. Very happy investor !
I believe We are at the engagement cycle of Eqtec
We have the patents so we are told, we have a world class product. It works it’s proven, and it’s improving every month with R&D ongoing.
The world is changing and investment firms with trillions of pounds are looking at companies like Toyota and saying that’s what an amazing ESG profile looks like. See Toyotas website for details. But that is a responsible global brand doing things right. They are also saying to other firms change your profile if you want our investment, our clients demand it. If you want our 2/3% you need to be “greener” you need to ENGAGE more
It’s going from a want to a need
A snowball to an avalanche
It’s a giant leap to £1b market cap but in fact it’s a small step to where this firm could go. IMO. GLA
Interesting firm .......
Sales & Trading
We provide access to global capital markets, connecting the right idea with the right client at the right time through our experienced team.
https://www.canaccordgenuity.com/capital-markets/what-we-do/