Member Info for jock47

I like the business model here.....licensing agreements with the crypto miners and buttoning down the IP. This could be a strong growth story up ahead and in exactly the sweet spot with bitcoin miners now very anxious about their electricity usage.

I disagree. Any financial uncertainty particularly on a major refinancing like this causes a false market. Without suspension this would have been chaotic today and I believe LSE would have intervened. Perfectly straightforward and well done to the Board.
We now must patiently await update RNS.

Suspension is the right course of action. The hugely different opinions from posters on this board show exactly how a false market is created. We must all wait now for the clarifying RNS.

Barclays own 6.18% including instruments and shares.
Something is definitely cooking...maybe an amazing JORC is imminent. Then the herd will arrive...keep buying Bill.

Hi Dave, I agree with you.
The news of distribution plans and sales figures should be very pleasing and astonishing....not alarming!! Keep accumulating while the price is quiet. We are on to a winner here.

That is an excellent post Dave. This company is very likely to be a mega bagger. With the distribution agreements in US and internationally being referred to and announced , just do the arithmetic on product sales per outlet. Multiply that by 12000 ( and rising) and on this new de minimis cost base the growth in revenue could be astonishing.

Align target price is INCREASED from 0.78p to 1.39p.

This has been a great day for EQT. Raising £10.0m in two hours to create a strong company with huge order book in an exponentially growing market . Short term punters are disappointed but long term holders like myself are thrilled. EQT is now pushing to become a market leader and a substantial company. Well played DP. Anyone with strategic understanding of growing a business will applaud today’# fund raise.

Ian Pearson is non exec Chairman, NOT Ian Price. If adverse comments are made please fact check.
In my view this company is substantially undervalued, all the correct corporate moves are being made for a leading technology company in its field, the two recent research notes explain why this is an outstanding investment. I am a long term holder and expect significant value creation.

On this point Newboy, I disagree with you.
However we do agree on the undervaluation of EQT. All the ingredients are here for great value creation for shareholders over the coming months. Great industry sector to be in, many contracts under discussion, financing in place or structured as necessary for the new contracts with a financially savvy CEO and clearly proven technology. I won’t predict share price but I expect it to be a multiple many times the current level.

Now that the Path fundraising is announced, we can expect an RNS here confirming ZOE recent non core asset sale.
The US distribution opportunity is huge and our CBD products seem highly rated. It looks to me as if ZOE is flying under the radar and once we start getting some revenue figures the current share price will be viewed as an extraordinary bargain.

Morning Casa, as a new investor in EQT, I was interested in your comment that Powerhouse is a better company. Could you explain why please, taking into account the relative market capitalisations. It appears to me that EQT is significantly undervalued.

Hi Mask and Nolopus, could you clarify please whether you are buyers, sellers or watchers at this price level. Thanks.

I agree Reece. At this level, the market capitalisation is only £400k, a shell company with no business is value 2 or 3x. Even allowing for dilution in financing until the balance sheet is tidied up( see earlier RNS) in my view this should be trading significantly higher. Downside zero, upside infinity?

An interesting view Super but I disagree. We have sufficient interesting assets coupled with the CEO proactive chat that suggests to me a fund raise will not be required. Anyway, time will time. On this stock, I am bullish.

Agreed Tamer. With the gold price at this level and our market cap under £4.0m this must be one of the best bargains in the market. We also have recently received a r&d refund and have huge valuable tax losses and licences. I am astonished the share price is so low. I ‘ll be intrigued to see the price in a few weeks time. ECR will be spotted soon.

Hi Oilnovice. It is excellent news as ICON now has guaranteed finance of up to £5.0m to expand, organically and by acquisition. The funds drawn down are convertible into equity at 90% of weighted average share price which is equivalent to a placing discount on conventional equity. To me this is a smart deal for ICON and I believe the shares will rise sharply and continue to rise if the management team deliver on their strategy, Great prospects now. So you must relax and enjoy the coming ride. Enjoy your weekend. Jock.

Hi Oilnovice, yes you are missing something. The issue of deferred shares and shares of low par value are quite normal in a reconstruction . This does not affect the share price. I see the tidying up of the balance sheet as a positive move and the trading update also, This should be the start of a substantial relating of ICON. ....You can relax.

Looks like a blatant breach of company share dealing code by chairman. In a company with good governance he had to go, also appears he has dropped the ball in Chinese negotiations. I see this as now a buying opportunity.

The RNS about revenues tells us little. Shareholders have no idea what the revenue is for 2019. This is , in my view, now a false market and the shares should be suspended. An absolute disgrace from the Board and Nomad. Previous share sale from executives also reprehensible.