Member Info for Esta56

Cheers GVH..... you pointed me in the right direction there! Never noticed that before when writing one of my diatribes! I was looking everywhere but here! LOL

Has to be a ‘Strong Buy’ at these levels, as I am pessimistically envisioning 6p plus by the end of the year......all the way to an optimistic 10p – 20p at the other end of the scale! I’m sure there will be many more unknown deals to come throughout the year on top of those we’re already aware of! So it really is difficult to predict! I best leave that to Arden et al!

I don’t get why I’m seeing posts where peeps lost their excitement or were/are a bit down because the SP dropped over the last few week! Why? As an investor who believes in the future potential and growth of EQT I couldn’t careless about the SP fluctuation through ‘normal activity’. Of course we all like to see a rising stock but it’s unrealistic to to not see fluctuation. I haven’t got the time or inclination to get emotive over macro (day to day) price movements. My interest and excitement lies in researching and understanding what the company is up to, in the near term as well as the long term, and the various great posts that appear on here from fellow researchers! Don’t get me wrong, I’m interested in understanding what causes movement in price (the mechanics and background) and so try to understand a causal link for drop in the SP as well as a rise. But if focused on 6 months, 12 months, 5 years etc. the movement itself is irrelevant once understood!

GLA

This morning’s RNS helps to clarify some detail behind my post Wednesday 23:36 concerning the ‘odd’ 25,000,000 pre trading hours sale. Though it doesn’t detail fully who bought the 25 million of Mr Madden! But anyway, mystery solved! And to my mind, not a problem at all! Especially as the deal was primarily a private arrangement between Mr Madden and another party/parties!

Thanks aandii as always!

Re aandii’s comment on Billingham within his post, thought it may be useful for people to see/be reminded. So here’s the section of the most recent Billingham RNS (issued to advise receipt of planning approval from the local council). In particular, the 28th of February date in the second paragraph being the deadline to exercise the Land Purchase Agreement (LPA) with Scott Bros! Of course, it could be before that date! So we will definitely receive news regarding this, one way or the other this month!

“ EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for sustainable waste-to-energy projects, is pleased to announce that the proposed (up to) 25 MWe Billingham waste gasification and power plant (the "Project") at Haverton Hill, Billingham, UK (the "Project Site") has received a resolution from Stockton-on-Tees Borough Council to grant planning approval for an improved scheme. The scheme was proposed by the Company in order to reduce the environmental impact of the Project and improve its commercial outcome.



This announcement follows a number of updates made by the Company in respect of the Project. Most recently, as announced on 18 December 2020, the Company's wholly owned subsidiary, Haverton WTV Limited (the "Buyer"), signed a Call Option and Exclusivity Agreement with Scott Bros. Enterprises Limited ("Scott Bros"). Scott Bros has granted the Buyer an exclusive call option (the "Option") to require Scott Bros to enter into a binding conditional Land Purchase Agreement (the "LPA") to sell the Project Site to the Buyer and the Option may be exercised any time up to 28 February 2021 ("Option Lapse Date"). Legal execution on the LPA is expected to be completed in this agreed timeframe.”

Cheers guys.....especially DerSack for the link to the lse trade list .cvs...... which I’ve now had a look at! And yes indeed there is the 25 million trade timed at 7:56 this morning at an execution price of 1.913 and so costing £478,250! However, I noticed that the associated MIC (Market Identifier Code) is ‘XOFF’ rather than the usual ‘AIMX’! The Trade Type is shown as ‘ACTX’!

XOFF = Off Exchange
ACTX = Agency Cross Trade

Essentially then this was a private sell & buy between two parties, both of whom are most likely to be clients of the same broker (being a London Stock Exchange ‘member firm’).

Perhaps this was another forward Sell! Who knows! Because of the large amount involved, perhaps, the two parties agreed a price where they can both make money! At 1.913 the Seller could potentially make a good profit but the buyer, having paid quite a bit under the current market value it appears, could also make a small profit should they wish to! For example those large Sells posted after the Close could be this morning’s buyer turning a quick profit on the same day! No idea.....just being Devil’s Advocate! It’s anyone’s guess who the buyer and seller could be!

GLA

Hey there ‘langreen46’, no problem at all! Appreciate you asking!

GLA!

Yep.....bang on BD.....my thoughts entirely!

You could well have hit the nail on the head BD! Just that those after hour trades don’t gel with what BB members were posting first thing this morning about a 25m trade at 1.91 prior to 8:00am and a sudden drop in the SP! Neither of which I could see in my account or in my HL account! So just wanted to explore that further to both better understand what’s going on and, if I need to contact customer services about my account missing trades/price movements that others are seeing! Won’t be a happy bunny if that’s the case!

GLA

As we’ve seen before, when an RNS is published announcing the issuing of new shares (for warrants or in the case of Mondays one, to settle creditors and satisfy the first half of the directors remuneration agreement), large Sells start to appear on the days immediately preceding the first day the new shares can be traded (this coming Friday for Monday’s announcement). So hopefully today’s after hours ‘mahoosiff’ trades are simply the directors and/or creditors immediately cashing in some of these shares to time with the 2 day settlement! So they can have the cash in their trading account on Friday!

Let’s see what happens tomorrow and Friday and if any more large Sells go through..... hopefully not, and it’s just limited to today!

GLA

Various peeps posted a little info here first thing about a 25m trade that was said to appear before 8 o’clock and I think someone mentioned an execution price of 1.91! Could someone perhaps furnish more details about this trade as it does not appear on my LSE trade screen! And I’ve checked with another contact who also couldn’t see this trade this morning! It was also mentioned the price suddenly dropped first thing as well! That’s not when I saw on my LSE screen or HL account!

Here’s the first few trades LSE are showing me at the Open (and I have included the last trade from yesterday to show how it all appeared to me this morning):

03-Feb-21 08:08:18 2.31 2,143 Sell* 2.30 2.35 49.50 O
03-Feb-21 08:07:35 2.30 42,533 Sell* 2.30 2.35 978.26 O
03-Feb-21 08:06:54 2.30 86,956 Sell* 2.30 2.35 2,000 O
03-Feb-21 08:06:30 2.30 12,400 Sell* 2.30 2.35 285.20 O
02-Feb-21 16:29:05 2.30 69,000 Sell* 2.30 2.35 1,587

Would appreciate if anyone else can find this trade and/or illuminate me as to what’s been going on! Is it a case that everyone else apart from me and another fellow BB poster are the only two who cannot see this trade? What gives?

GLA

What’s frustrating for me this morning, is I’m not seeing any of the trades you guys have been talking about on my LSE screen! What gives? Also didn’t see the price drop this morning either! I doublechecked with my Hargreaves screen, and didn’t see a price drop there either at the open! So I’m completely confused and not sure what’s going on!

Nothing new there then! Lol!

Anyone else having problems with this LSE site this morning? Mine is not updating properly, only showing a few trades compare to the trade count! And my Level 2 doesn’t seem to know what it’s doing either!

One of those annoying UT trades (a £250k Sell for 2.25 posted 16:35) distorting the true trading position! I know many of you will realise this but for those who are uncertain it’s worth reiterating! The Closing Bid/Ask of 2.30/2.35 gives a mid SP of 2.325! So when trading opens tomorrow (assuming no impactful news prior) LSE will immediately show an immediate gain as the mid SP is corrected back to 2.325 even though it’s not a true gain because the price you could trade at was never really 2.25!!

I wish there was a better way to represent UT postings that didn’t distort the true trading position at the time they are posted! It causes confusion and to my eyes is not creating a clear statement of the pricing you can actually trade at that time!!

Good find on DP’s NED appointment Terrier...... all adds to the picture!

Mr Terrier...... it would be pretty shortsighted of the BoD to sell those shares at a meagre 5x! When there is way way more to follow over the next 12 months+! The only reason to sell at the moment, in my opinion, would be if you needed some money! That £11.5k sold today could easily be worth£46k+ in 12 months..... that’s a lot of money to potentially lose out on! But hey, everyone is on their own journey!

Don’t forget, the directors gave up part of their salary to accept remuneration in shares down the line! If that doesn’t demonstrate their confidence in the future of the company versus greed in taking as much money out of the company as they could (as I’ve seen companies on AIM do), then I don’t know what! The scheme entitles them to these shares, and will do in the future! Good on them!

GLA

Not the RNS people would be hoping for! But for me, good to see that the issue of the shares is at least within the company and so hopefully a more responsible handling of them!

https://www.lse.co.uk/rns/EQT/issue-of-equity-directors8217-dealings-tvr-rule-17-zgmgo9iy8b8coj9.html

When you disregard yesterday’s UT trade at the close and also today’s UT trade, again, after the close, you get a change in the actual mid SP of 0.06 Down (not 0.16 as LSE are showing) so that’s around 2.30% down on the day! Reasonable volume of trading today as well! All in all, I think this shows EQT in a good light when you look at how the rest of the market has faired today! Everyone suffering at the moment but EQT holding up well!

I only post this for those nervous PI‘s who start to get twitchy and concerned when they see any negative movement in the SP! For myself, as many posters on this BB will be aware, I couldn’t care less on these macro movements! This is a share for a long-term hold while the company is operating as well as it is....and with all the great news to come over the next 12 months, and no doubt beyond!

GLA

In part Alcoops.......it was Aries who submitted the picture as part of their evidence.....allegedly taken from EQT’s website. But certainly you’ve captured the vacuous and speculative nature of Aries claim! Their submissions have been totally absent any specific or technical detail where they can demonstrate or at least sufficiently allege that EQT have infringed Aries patents! Aries are essentially saying that they believe EQT have infringed their patents and so they want to go to trial and examine all the detail of EQT’s product! As EQT‘s lawyers make clear, there is no basis for any legal case pretty much anywhere in the world where the plaintiff has no evidence to support the action or present to a Court! They want to use the trial to find out! Well that’s not how legal cases work on pretty much any subject! Imagine..... “we think Joe Bloggs was the burglar, but we haven’t got any evidence at all so can we go to trial and making talk”!

The recent EQT 16 page Reply document (18th Jan) really captures the position well to my eyes! Worth anyone having a read.....aandi provided the link in his 8:03 post below. That post also includes links to EQT’s original motion to dismiss (10th Dec) and Aries rebuttal (6th Jan).

GLA!

Well said V111JAS! I just cannot get my head around or understand these nervous investors! What is the issue? If you’ve done your research, understand what EQT are doing, what’s in the pipeline, keep up to date with developments etc. why on the earth would you be nervous?! Unless they're price following every single day rather than looking and assessing the performance of this investment over the next 12 months. No one wants to see an SP go down in value, but these movements are irrelevant to the long-term transformational expectations for EQT! If these daily ups and downs make you nervous, then maybe investing is not for you!

Nonetheless GLA!

Just read the 16 page follow-up response from document EQT‘s lawyers submitted last Monday, 18th Jan (aandi kindly provided the link)! And it’s a cracking read! A thorough dismantling and pulling a part of Aries vacuous complaint! I must admit, when I read Aries own opposition to the motion to dismiss (6th Jan) it struck me that I couldn’t see anywhere where they submitted technical details of how EQT were infringing their patents! It was all supposition, and vague that, on something that didn’t even exist yet i.e. EQT’s gasifier that will be built/installed at North Fork! Well this latest document really goes to town and makes it easy for any reader to get a handle on how speculative and baseless Aries complaint is! Of course, can’t say how the judge will view it all but blimey logic alone should see EQT victorious, let alone the legal position/caselaw in support!