Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
https://www.cityenergy.co.uk/ looks like energy solutions, but also the tie in the Anglesey on the TR1?
You can hardly buy anything on a slow day, any demand today after this announcement and we should see a decent rise.
https://twitter.com/raparris/status/1522092346250248199?s=21&t=2EwzzYLPTWekOiAA3mWX4w
Agree, hopefully we should get an update soon on progress with the plastics to oil project. This will be the game changer for the SP.
Looking better now the selling appears to have stopped, any decent update on plastics to oil and we’ll be off. Didn’t the timeline in the presentation indicate the land deal is April? PHE was at £60m MC with a land deal and no revenue… Definitely too cheap at this market cap.
If you look at the traded volume over the last 12 months, there was a huge amount of shares traded at the 0.45p range, billions in fact, there are plenty of holders who have made x4-5 who are taking some off the table before year end. Couple this with a bit of general uncertainty in the market, which is keeping buyers out, we're having a bit of a slide. Based on recent news and the return of the green agenda once COVID dies down, I'm confident we should see this climb over the summer. A few more small project wins and continued forward progress and the value will show itself to the wider market. I'm taking a 5yr view on my holding here, as these projects take time to get built, but once they do, with the recurring O & M revenue also, this will offer excellent returns. I'm happy with the capital I have locked in here and consider it a solid bet for future growth. Lots of AIM rubbish out there, but DP is a different kettle of fish and has the business heading in the right direction.
Couldn’t agree more aandi, its baffling that people focus on a loss from the LAST year and not the planned profitability this year. Compared to the wider industry, valuation doesn’t make sense.
However, I’m sure big money will come soon enough, green tech, soon to be profitable business, huge growth potential...its not rocket science if you’ve a large fund to invest for in today’s political, climate driven landscape.
We're a long way from where we were 12 months ago, under the new CEO. Those of us here for the long term are looking at where we will be in the next 12-24 months, not what the short term price will be. The appetite for the tech is only going one way, same as company, in my humble opinion...
Looks like good volume is building around 2p, and I’m now struggling to see downside, only issue I can see is that Deeside and Billingham take longer to get across the line than expected. Once a large partner is announced I think we’ll move significantly. No RNS tomorrow, buy more, RNS tomorrow, what you hold goes up! win win here for me.
They're doing a huge amount of offshore wind work, just not shouting about it via RNS for some reason. I think the wider market doesn't really understand what they do just yet.
Just think it could be a while with getting these across the line, looks like a PPA with Toyota for Deeside is the target to help with the finance. We could do with some small wins announced to keep momentum up as we all know we drift on no news.
The EQT site is right next to Toyota in Deeside (on google earth it's just across the railway), PHE is miles away at Ellesmere Port, so no direct issue, plenty of rubbish to go round and big power demand in the area.
I had a drive by the EQT site the other day, nowt going on at the moment, no site prep works, but I'll spin past again in a few weeks.
They completed installation of around 150 CPS units before Xmas on the wind farm I'm currently on, so this for one should be coming in soon. They just don't RNS any specific project wins or contract completions which is strange, but I've worked in the sector for around 10 years and what they say they're doing on the website has happened/is happening. Current big project is Hornsea 2 which is around 350 CPS units, which will be installed this year. Each CPS is around the £30-40k mark. TGP have a huge market share in the offshore wind sector making good inroads into the US and Taiwan which are the next booming markets. Considering they're profitable and have a huge pipeline of work and contracts signed they seem well undervalued to me at £35m MC. Have a look at the big offshore EPCs who buy the Tekmar units, so Van Oord, Boskalis, DEME group and look at the offshore wind cable contracts they're winning.
This game is more about psychology than lines on a chart, in my opinion. Nothing has materially changed in the business from 3p to 1.8p back to 3p back to 2.5p. If I told you there was resistance at 2.5p would you believe me? Hope not, because I have absolutely no idea.
I thought there was still a planning amendment required for Deeside also? As aandi says, probably just some generic prep work, access stuff, which the site would need anyway. To me it looks like 2 blokes having a brew in a field, so wouldn’t hold much by it right now. Probably not the photo op EQT would have wanted for the site either but there you go. Price is just finding its range at this level I would say, imagine we’ll be around here until we get some more news.
Newsletter from one of Eqtec’s investors:
http://amatiglobal.com/viewpoints.php?entry=66
Agree also, need to see consistent revenue growth here then with effective cost management, improved margins, a head towards profitability. market cap is low given assets on the balance sheet and what appears to be revenue growing year on year. Low volume indicates not
much interest in this sector at the moment, so one to sit on and check back in a few months I reckon.
So pretty much depends on whether they can make headway towards £7mill T/O and how they do it? For me, if they can keep generating more revenue and control their costs, they’re going the right way. Plenty of PLCs out there in higher risk sectors with zero revenue that are running big market caps, I’ll take my chance here until I see a decline in earnings or a significant risk to the business. Thanks for the comments though, much appreciated.
Evening Investrip , looks like you know the sector and business, I'd be interested to hear your thoughts on when/if the business becomes profitable? I assume they must have a break even revenue target as a start point? I've taken a few here here based on what looks like reasonably consistent revenue growth over the last few years, low market cap and in a sector that I think has legs, especially during covid. Concerns for me are cash runway, you need to start making profit eventually, hence my question above. Also, for a telecoms company they seem quiet online, their twitter is out of date for starters. Whilst an obvious route to decreasing costs is by cutting them, however if this is at the expense of your marketing budget and customer acquisition then it's not a solution. Happy to hear thoughts from others on here also, nice to be on a fairly quiet board again and I much prefer constructive informed discussion rather than descending into insults if someone has a different opinion. Mind you the whole stock market is based on difference of opinion, so to be somewhat expected I guess!