RE: Massive opportunity10 Jun 2021 15:25
A lot of the SP movement on AIM is sentiment driven. When Eqtec rose to 3p i wasn't complaining but i wouldn't have been able to have given you figures to have justified that price.
My feeling is, there was a lot of very short-term trading going on in the market, looking for quick profits. Since earlier this year, i think money has returned to income stocks in FTSE. And eqt among others has fallen back.
Finally, the revenue estimates and hopes for profitability this year, in the research note, are very optimistic, in my opinion.
Finally finally, i would be very happy for the price target of 5p (research note again) to be achieved but have no idea what timescale that would be in.
We have to place faith in CEOs which is a big judgment call. And, as i have said before eqtec relies on successful (and expensive) construction projects which can take years!! That's why I'm keener on smaller projects, eg Greece in the short-term.