The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Same here, 98-99% down on a massive investment, but I follow the company very very closely, and they've been making steady progress. The headline figure has been the finance recently, but that has now been resolved, and all the background work that has been going on will now come to the fore. And yes, I do fully support DP and JVL, sure, they've made mistakes, but circumstance didn't help either (who could predict war, inflation and interest rates doing what they did?), so I hope and believe its onward and upward from here.
High inflation was an unfortunate period for Eqtec and other similar companies, stifling any investment, and creating financial woes throughout many small companies. However taken from the news today:-
"The broad picture is of inflation way down, expected to stay down, and of interest rate cuts on the way."
This will make a massive difference to companies like Eqtec, and will stimulate growth and investment.
How could you possibly come on this board suggesting that Eqtec technology does not work? That is something nobody in their right mind could possibly dispute, there are currently two working commercial plants, one for over ten years, plus many years of successful running at research and develpment plants?
Foxyjoe, you are one of the following...
1. A paid deramper
2. You are talking the share price down as you have a contract for difference or a spread bet.
3. If you're not a habitual liar and you really are invested here, and you have spent the last few years with literally 100s of posts with every single one slamming the company, and indeed your own investment, and without selling Eqtec all those years ago when you started on all your rants, then you have been shooting yourself in the foot. So number 3 on this list makes you a complete imbecile.
Foxyjoe said: 20 outta 21 stocks on my watchlist up today . No prizes for Guessing which POS was negative as usual ?
That's amazing you have 20 other shares on your watchlist because the only share you have commented on for the last 4 years is Eqtec....540 posts exclusively on Eqtec for the last 4 years? Yes, 540 posts without reference to a single other share. That's a serious problem.
Computer909 said:-Palumbo's ultra financing and the refusal to cut overheads is the problem, and that cancer on the company needs to be cut out at the AGM !
And these are the facts taken from RNS 20th November 2023:-In alignment with the new funding, the Company has undertaken and will continue to pursue reduction of its operating expenditure. Although the Company regularly reviews and targets cost reduction, it has over the past six months taken additional steps to reduce the use of third-party services and advisors, reduce director and staff costs and maximise the application of costs to projects with secure revenue and protected margins. As part of these reductions, the Company will reduce or defer its total remuneration payable to directors and staff in the near term, over and above the reductions to director remuneration previously announced. In total, the Company is advancing operating cost reduction measures to save the Company, together with measures already implemented, in excess of £1.5 million per year, from the beginning of 2023, until revenues and cash flow are sufficient to support a return to growth and accommodation of a larger portfolio of projects.
And Computer909 has the gall to call other people liars and dumbos???
As per the recent RNS:
"...Operational requirements centred mainly on non-EQTEC equipment that appeared to be in good condition, even according to the relevant manufacturers, but which for various reasons were unable to run consistently. ....These challenges have now largely been surpassed....The plant now finds itself in a strong position to operate continuously and is due, after some significant maintenance, to restart in April 2024".
These challenges have been overcome, and lessons learnt. Italy should be running continuously right now. In the USA, Northfork is next to go online very very soon. Blue Mountain is next on the list, with many more similar projects in the USA, all with similar feedstocks to Italy. After the Italy experience, getting these plants up and running will be a walk in the park.
Spain plant has been running continuously for over a decade, Italian plant now running continuously, Northfork in the USA is in the final stage (hot commissioning) and will be running very soon. All coming together very nicely
Ireland projects are also on the go. From last years interim results:
· In Ireland, the Company announced on 25 July 2023 a collaboration framework agreement with Irish development and project management company Domi Ost Limited, for deployment of EQTEC solutions into Ireland, especially for RNG, hydrogen or other advanced applications such as ethanol or methanol. The Company confirmed that the parties have identified four projects for joint pursuit, one of which is now under active development.
To quote Computer909's own phraseology:
That dumbo C909 liar through his teeth is coming out with yet more bull sh.t. Nobody can take this smirking idiot liar and the steaming pile of dung he writes seriously. If Donut C909 was a dog, he'd have been put down years ago.
Your words, not mine.
Just give the constant rudeness a rest C909. And try and get your facts straight before posting.
Scrodingerscat:
I should check rightinvestor's previous posts if you think he's being sarcastic. Trouble is this board is so full of doomsday naysayers that when someone says something positive, it can't possibly be right.... can it?