Member Info for Simms45

Hopefully for you this is great timing. To keep Harrys plan on track really we need some update RNS this month to ensure June seals the deal. Everything seems very positive on all fronts but closing this deal is going to be major transformation of Kefi.

Good start to week and with news this week should move to .3. So undervalued at these levels if even 10% of expected newsflow starts to come in. The way Vanden spoke last week he was almost aware of different drafts going on as several times he refrained from opening up some news as it was not public.

Its largely Altair are not being sold into. Gone are the days of buying 10m shares without share price moving. Big step changes ahead i suspect.

We are ahead of my .01 per day and .3 will happen before we know it.

I suspect .5 is not very far away and not even got startee on the slew of RNSs.

Gla

Proactive interview was very promising. JVL provided a lot of clarity on projects and what is coming down the line. He could have talked for hours on each project but reeled of so many including portfolios of projects with the new partners. Seems to me we are about to witness a period of strong updates. It was also interesting as i did not expect them to speak about Deeside, Southport and Billingham as it is clear from JVL that France, Italy and Greece are running with it but he was quite robust on those projects having some news or certainly the Toyota project. I think current market cap of £20m is possibly the deal of the decade if they even land a 1/4 of the projects he expects news to come in for. Makes me think with a good wind we could see a profit this year but certainly revenues should be multiples of 2022. I have been averaging down like crazy with plenty below .19 so while i am in more than i probably should i sense we are going to see stellar returns this year.

Totally agree but UK investors are simply today not able to see that value or just too burnt by last 18 months. MC cant really do anything as yo some extent his hands are tied while share price is so lacklustre. If we were worth £100m a raise is easy for production but we have always been so far below meaning a placing was too dilutive and unattractive. I see it all across AIM but UK investors cant see the value so sell up to a TSX or other company from another country who have the depth of investors propping up valuations. Tomorrow could be the day we push towards 40p and see if UK investors have what it takes as we stand today at a fraction of the value of gold in the ground.

Not listened to yet but if you have followed Eqtec closely, as i have to my loss, there is a mass of projects that all kicked off in 2020 that all basically got kicked further down the road due to so many factors but all are still in the pipeline and thaw in financing, coupled with Italy live i think should ensure that tidal wave of projects starts to reach key miles stones. the expected news is considerable and £20m market cap is madness and will be corrected shortly. sadly i have every penny tied up at the moment but would actually like Eqtec to hold back a month or so as i should get some more to invest in Eqtec but certainly i am most confident Eqtec will finish year over 1p.

Leaky leaky me thinks? Looks like the smart money moving in for the quick return that could drop anytime. Impressive to only move up to 33.75 on all this buying and 34p could turn out to be a canny purchase.

Something is going on and i am sure some positive news was shared in the AGM as the share price is up nearly 2p today so perhaps some good news or MC is off to Nic to close a binding offer and get things moving.

I think if you look at the market cap and decide what the company should be valued at you can consider how quickly we can rise back. The drop to .2 was considerably supported by Altair dumping such a large number of shares on the market and really no company would not be desimmated by the scale of their sell off, presumably a forced sell perhaps by its own shareholders liquidating and nothing to do with Eqtec. it happens too freqently and these funds should better select companies with greater liquidity. Today we have a market cap just over £20m and on every level this is ridiculous both relative to net assets as well as the sector based on expected rev/profit so there is every chance we move to .5 with limited effort over coming months. The rise to 1p will require Eqtec to get moving in the right direction but that only takes us up to £100m market cap and that is still a trivial sum of money given the future pipeline, which i appreciate we need to deliver a few more operational MDCs to get the market excited and that Eqtec have cracked it commercially. I would be hugely disappointed if we do not get 3-4 decent RNS over the next 6 weeks as there is much much bubbling away that something has got to come through. When i look at some many comparables they are largely one trick ponies and all or nothing but Eqtec has huge breadth of sales opportunities, which is a blessing and a curse today but we move on.

Maybe positive news from AGM :) finish line is in sight i hope but still not got to 40p that i expected by now but maybe next 7 days we can push on.

I do feel that a share deal is currently out of reach. while i have heard of 100% premiums to share price being offered they are not so common and up to 50% is an easier sell to shareholders so it is seen as positive. On the flipside i am sure JM etc are not willing to sell for less than 65p so we really do need MC to release some binding offer that brings up the share price significantly as i suspect there are some share buyers lurking waiting for the opportune time. we will see but all tweets look very encouraging and we know we have 1 non binding working with an investment bank so that should get delivered very soon. what we ideally want is a asset offer first and then a share offer as a different opportunity. This might then create a better cash offer. lets hope things are moving in the background as whoever buys Condor will be getting a bargain anyway as sadly the UK investors are dwindling as more and more money is going to the US and elsewhere.

Also saw Calibre posted big profits for quarter and a nice war chest of cash looking for a home but does feel with so much cash sloshing around all these gold miners they would be looking for a home https://stocks.apple.com/AKEho7n1qQneJehmpJYljsw

Could be a cryptic headsup? Adelaide Capital was a month ago so based on 4-8 weeks we are into the 4-8 weeks as we speak. Why post this if you did not have a good indication an offer is close to dropping? Otherwise its a bit “foot in mouth” if the timeline is not 4-8 weeks. If this has legs should get an offer this month :)

Price seems to be finally firming on low volumes so altair and anyone else in background selling look to have stopped. For me the price is artificially low due to Altair sell off last 6 months and we need a correction. Plenty to be confident about over the next 6 months that should propel us back well over £100m market cap or around 1p a share. we have 29% in North Fork based on accounts so assuming this goes live later this year and valuation is similar previously at $20m we should be able to drawdown on the refinance on that project and recoup our investment that was converted from debt to equity and did not help our numbers in final results but should show as a bumper reward in the future along with share of revenue. Italy we need an update on refinance and that it is fully handed over as there is more news required. partly put Deeside and Southport on ice but surely the economics and the benefits of those projects should start to push through now we have Italy live and UK cant be seen to sitting on their hands while France, Greece, Italy all step up to the plate and invest. my suspicion is that over coming weeks we will trickle back up .01 a day back to .3 without anyone noticing.

I have always been suspicious of the business model of CNEL as they differ considerably to business in the UK and elsewhere that when a company signs a contract they pay in advance for materials and fabrication and therefore protect the company should the client subsequently not pay their bills or cancel the contract. This is standard business practice but it appears CNEL effectively gets paid for materials in arrears meaning that we can only support deals relative to the amount of cash we have. if you read the 2022 results we had about 50m RMB / £5.5m of impairment losses that roughly translates to products shipped to clients that were subsequently not needed or shipped back and then independently valued at fair value and written off. That is crazy how CNEL operate as it opens us to massive financial risk. clearly any kit sent back from the client has almost no value as it will be bespoke. It maddens we have big impairment of £5m when the company is not willing to even buy back $500k of shares, worth less than 10% of their incompetent management? However it has also got me sadly thinking, based on slippery deals the bod got up to, that if you were up to no good a great strategy to get money out via the side door is a cosy deal with an end user to agree simply credit certain invoices and call them "impairment" and have a nice split of proceeds on the side? i hope not but sadly the board were caught red handed, albeit they fudged a way out, but someone explain how they can have £5m impairment charge in one year? Our retained profits have been hit hard and i worry the board are up to their tricks using a different strategy away from the auditors arms.

Ivy responded regarding the share buy back they agreed in December. it appears that even though the board were fully aware of the business profit in December when they voted for a share buy back it now appears they are rowing back on this as Ivy said they are not planning to do it now. What has changed or did they ever plan to do it? You might question where has the last 7 years of accumulated profits gone and why cant they find even $500k to but back up to 10% of the company at a 60% discount to NAV? Surely it is no brainer unless the company has done something else with our profits? I am starting to think the auditors need to check on profits and find out the whererabouts as currently we have less projects that at any point so theoretically we should have the most cash?

While we have effectively written off our debt investment into North Fork this does appear to have been converted into equity as we have 28% stake in the project. Given the operating project will be worth $20m+ according to valuation then we are effectively swapping that debt for equity in the project and i suspect we will come out very profitable on the deal, not to mention the 20 projects that Phoenix have lined up subject to North fork proving itself. Very exciting times!

"As part of the agreed terms, it was specified that the Group will remain as an equity shareholder in NFCP with the final shareholding being determined during the legal process post 31 December 2022 as 28.52%. "

As expected today we had a small sell off and then the smart money came in later and scooped up. At £22m market cap Eqtec is the deal of the decade in my books. sure we need some more completions, closes etc but we have plenty of cash for the year and a lot of projects about to drop that can be refinanced. I wonder if Eqtec are about to use their put option to buyout all partners to own 100% and refinance if they see the valuation is high. Given we have an insurance policy that guarantees 80% uptime we effectively have a 10 year guaranteed income that banks should find highly attractive to lend on.

My advice. Hit the internal reset, invest and look at the upside or otherwise take your medicine. I have losses today but i am comfortable in the short and medium term and my average is well down making probable long-term profit far higher than 12 months ago.

We results simply show we have made a lot of investments. 2023 is the year we hope many of those investments come to fruition. North Fork is close to commissioning and we have 3-4 projects close to going live turning those investments into financially viable projects. I am expecting a near profit for 2023 as last two years was investment and next two years we will recoup those investments will substantial upside in reveunue and equity release through refinance. Italy project is the one to watch as we will refinance and extract millions to use on next project.