Member Info for phil01

CB,
DP did not hold a gun at any body's head. People were glad to over subscribe. All CEO pulls off placing at the best time to could in other to reduce dilution and DP did a good job. So YES I am congratulating him. If he had come now to do a placing at less than 1p I will be moaning and asking why he did not do the placing when he shares were trading at 2p.

People should not blame others for poor investment decision. We should all take ownership of our decision. If you worked out that the shares will be 30p by now and it is not, then it is your analysis that is at fault which you should revise and not anybody's fault but yours.
I have not at the moment heard any promises by DP, all he said is that he hoped to make EBITDA profit with fair wind. He does not control the wind ... ..so until you provide the fair wind he is still correct.

Looking on the bright side, DP played a blinder. EQTEC needed money and he managed to get away a placing at 1.5p.

If you are being realistic, EQTEC is at fair value now. it is a company making a loss with a revenue of about £2M last year. It is in the correct technology area and has access to pipeline but that is just pipeline and not orders.

My look at EQTECs income stream model which still needs to be proven:
1. Technology sales : they have to pay for manufacture of the equipment so what is their profit on these equipment sales?
2. OM contracts: the yearly OM contract income is reoccurring but nor significant >>> about £300,000 per year.
3. Professional services: Usually that is what they get paid for all the activities they did prior to financial close, ( financial close income).
4. consultancy: £?
5. Part ownership of operational plants: here we have heard from their deal with MNRG as well as the MDC's that they expect EBITDA of about Euros 750,000 , hence if EQT owns 50% of the SPV they will get 50% of that.

All these income stream needs to add up to more than EQTEC's operational cost before the company can turn a profit as a business. If you are realistic you will estimate that it will take quite a few installations, for EQTEC to be profitable on a consistent yearly basis. DP in one of his interview did state that they are going for quick construction of about 10 smaller facilities to provide the company with a base to start tackling the bigger fish.

PI always get over excited and chase the price up, which is good news for traders as they will gladly sell when 50p by next week gang are coming onboard and buy back at value when the over enthusiastic gang become disappointed and start to sell. Hot air can only keep a share up for so long then it finds its level. I believe EQTEC is value now. If you are sitting on a loss, like quite a few folks here that believed they will get 10p by year end, then if you still believe that this tech will have its day and the tech has been proven then you have no choice. You have missed your chance to sell as it is at value now. You might as well sit on it.

Does not make it an easier pill to swallow but you can chuck it in as a learning experience to always to have your wits about you when an entire BB is in a group think mode.

Selling +54% of Billingham for £3M means that current value of Billingham is no more than £6M as it now stands.
I suppose once we have paid the approx £8.5M to acquire the land then the value will rise by that amount.

There is still the question about where do we find the money to actually do the construction of the plant and how much will it cost.
For money hat will accrue from the project:
EQTEC will bill the SPV for supply of the gasification equipment >> that bit ill be money coming in.
OM cost will be a running cost which will accrue to EQTEC.
My view:
With all the leg work and hassle that EQTEC has gone through so far on the Billingham site, I had hopped that the project would have been worth more than £6M which this deal seems to value it.
Billingham is one of our biggest project and EQTEC site states that it is in advanced stage of Development, if it is only worth £6M it begs the question what is the worth of the other projects in the development stage, what are not quite as advanced?
EQTEV route to revenue model?
I suppose EQTEC as a company will not be earning their money by owning plants but by supplying and billing customers for plants using EQTEC technology and also ongoing OM contracts.
Current View:
This is a slow burner, so those that are expecting £1 by end of next week better re-analyse and reset their targets. All the angst here is because some people have added 1+1 and came out with 11. I still have a reasonable expectation that EQTEC as a business will turn out to be a good investment, but put in the bottom draw and stop worrying about daily market fluctuations. This Billingham project may well be a loss leader to help EQTEC demonstrate that we can handle large projects of over 20MWe, which in turn will open doors to other projects where we can not start making money.

DP did qualify his revenue expectation with:
".....Subject to timely closure of target opportunities and timely receipt of development fees and initial payment for technology equipment and services, the Company still expects to see its first year of profitability in 2021..."
We all know that closure and receipt of development fees has not been timely due to various reasons in a lot of the targt projects.
I thus think it unfair to expect him to still hit this target especially since the conditions he intimated for meeting this revenue target has not been met. .

Doesn't really matter if BUYS shows ass SELLS or vice versa. The only indicator worth considering is price movement. If there is enough buying pressure the price moves up and if there is enough selling pressure the price goes down.

Not really sure who got the better deal out of this RNS.
The land purchase agreement is for £8,600,000, which needs to be paid by 22nd Feb 2022.
KIBO is paying £3M for over 54% of the project? This is not even up to half of what we need to pay to acquire the land. Hopefully the £3M is to buy +54% of the SPV and the SPV will be billed for the land acquisition cost, which means that KIBO will be hit with +54% of this cost.
If that is the case then at least this deal replenishes some of the money used by EQTEC in acquiring the MDC's in Italy and Croatia.
Only concern is, if KIBO has to raise money to pay the £3M for their part of the SPV, how will they find the additional £4.7M that they need to pay before 22nd Feb 2022 for the Billingham land purchase. For EQTEC they only need to add another £1M to the ££M got from KIBO for their part of the land acquisition cost.

I imagine that even the AAA holders are into investing to make money. This is a money maker and they know it which is why they tried an opportunistic approach to get control of it.
Selling the goes that lays the golden egg now is a bit like cutting off your nose to spite your face.
In future AAA may raise some money and come back with a pure cash offer for BOOM, as they need something in their stable to underpin them if they have any intentions of floating AAA in any market for a reasonable price. Currently I do not see anything in the AAA stable that can underpin their current purported price of 80p per share.
In summary I expect AAA to remain unlisted until they can manage to get a good listing price which will depend on what solid companies they bring with them at listing. The alternative is to list at a fraction of what they think they are worth.

I take it AAA is out of the way now and have taken their drag with them.

Meant to type:
Assuming zero growth ....

Current Performance ( Aug 2021 data):
Monthly Revenue = $7M
Monthly EBITDA profit = $0.5M

Assuming no zero growth, if this is repeated next year then we are talking about
FY22 Revenue= $84M
FY22 EBITDA profit = $6M
Lets see how that translates to Share price in 6months time.

Boombanga,
If I was you I will spend my time worrying what the AAA share price will be if they ever decide to list. My view if that they will not as they have no investment in their stable to justify the price they put on the AAA shares.
They probably already have had an indicative price as to what price they will be able to successfully float at, which is a reason they have not listed yet.
I will trust Stuart to know more about Podcasting in his little finger than the entirety of AAA management. AAA has tried an opportunistic approach to give them something substantial to help stand up their intention to float but have failed.

Lets revisit this topic 6 months from now as I am pretty certain you will still be holding an unlisted paper, unless AAA decides to list a a much less value than the 80p they were purporting as the value for their paper. I am also certain BOOM will be significantly higher.

Unfortunately I sold out on Friday as I thought AAA deal will get over the line after their release.

Bought back in again since they are not out of the way. Unfortunately could not buy back all that I sold as I moved some of the money elsewhere last Friday.
Awaiting the broker update.

Does not indicate that there are going after medical device space.

From reading the advert, it just indicates area where applicants experience may be considered as relevant for the job. >> Areas where precise eye tracking is crucial for safety.

DP as a CDEO is presenting the best case scenario....if everything goes to plan. Nothing in business ever goes smoothly according to plan, so he has no case to answer.
Any reasonable fair minded investor would have seen that the estimate is a stretch. The stars will really need to align for them to have pulled off a TO of £15M this year from a base of about £2M last year.
EQT will make you money eventually but one to put away and look in every 6 months. Unrealistic expectations from investors about being a millionaire this time next year leads to disappointment.
For me EQT is performing in lone with expectations, a lot of things that is not within the control of DP, like planning approval timeline, sourcing funds or project completion and even timeline for sourcing investment partners for each project.
If in 12 months time there has not been a step change then I would probably hold DP to account but not at this stage.

Anyway that's me out of the BB for another 6 months or so unless something exciting happens. Investment will take care of itself and does not need my nursing the BB to either swing it on the positive nor negative side. Best advice, put into an ISA forget about it and save yourself needless aggravation by monitoring the daily fluctuations.

If nothing else a look at some of the predictions brought a smile to my face. If anything it shows the range of people on the board and why you should make your own decision on investment case for any company rather than listening to anybody in a BB.
Mind you the police should really be proactive in doing their job, by paying a visit to some of the people making the prediction. ..they are definitely smoking or taking something they should not be.
Being serious , there are really people out there who expected EQT to go from just over a £100M market cap company to over £4.5Billion market cap in less than 12 months????

They guessing on their side that Car A and Car B is most likely to have SEYE based on some assumptions. On our side we are also guessing that Car A and Car B is most likely to be SEE based on assumption like the company is dealing with qualcomm. [SEYE enthusiasts may alert us that a lot of Chinese OEM are dealing with Qualcomm and yet use SEYE DMS]
Each is looking at it, either from a SEYE or SEE tinted glasses. Until we actually get definitive data on which to accurately base our opinions, all are just hopeful that the dice falls their way , which is the main reason why the share price is where it is. It will probably remain there until we get definitive announcements of wins, ( forward earnings ), or step change in revenue, ( current earnings).
At the moment we all think we know where it is heading, unfortunately over at SEYE they all also think they know where it is heading. Next year or so will probably tell us who is right in the medium term.

Three may well be some money moving from Smarteye to SEE.

https://podcastbusinessjournal.com/fboy-launching-this-week/

Sounds fair enough. AAA gets listed on a market and improve their offer including structure of the offer.
That way at least we would be able to judge the merits of the offer.
Listing will give us a true value of their shares.

Boom,
I can stick my head up now and tell you that this will not be going through.
As for figures being out:
If they have £40M left , (much less since ), after exercising the option on Sentience and then pay out £32M for BOOM acquisition then I assume they will run the business on fumes?

Anyway not long to go, two trading days and we will see who is right or wrong.
head room and have to pay out