11p target price3 Jan 2019 13:57
South east asia is having a massive waste crisis at the moment due to the china ban so investors from south east asia will definitely be interested in EQTEC. Correct the PT CITRA Vietnam project worth 22m and yes the market share worth $281BN is growing due to china's stance. With the existing projects portfolio valued at EUR 81M, then when a contract is concluded this will give market validation to the entire portfolio, and as such we will on a PE Ratio of 7, be more realistically valued at 11p. As Ian said in his interview, that the projects are ranging from 10-100m projects on an individual project basis then our valuation will be many multiples more.
No limit as to where this share price but 11p is a realistic target short term, which is why EQT is rightly tipped to be the next unicorn following the likes of ASOS.
A real AIM gem in the making here.