Member Info for testpack3

RDS are at present, the world's largest producer of H2 from Steam Reforming of Methane ( Nat. Gas). Their CEO, Bern vd Bern ( Dutch) is no slouch when it comes to keeping abreast of the times. RDS have been on a vigorous campaign of divesting upstream oil interests, and diversifying into 'renewables'. It is one of the worlds largest oil n gas companies, and is someway ahead of it's competitors in green inclinations. It's FY results are out on this Thursday, and I will be interested to see BvdB comments, if any, on their global policies now that there is a 'green' ( pun not intended) president in USA. Internal strife within the Republican party, between Trumpists and traditional Conservatives is almost certainly to give the Dems a second term, and probably longer, now that people are realising GOP is a white supremacist, ****** party. All IMHO of course. The outlook for PHE, and others, in H2 from plastic, and very importantly tyres ( cars need rubber tyres whether they are ICE or E) is very bright.

aaandi. What on earth are you talking about - consolidation reduces debt.!! Consolidation is used to either increase/decrease the sp, with an offset increase/decrease in number of shares in issue. The Market Cap remains the same. I bought PPS in 2010 at 4p, and if I sold when at £1 that would have been a 25X bagger, not 6.5!!!! What reduces debt is cash or shares paid to the debt provider. In the case of PPS, debt has increased with the number of shares inissue, because Nahab, when he 'lends' the company money, sometimes takes the principal, or the interest, or both, in shares.
Now if you would like to answer my question, when do you think the company will pay off the debt from profit from trading?. In your lifetime do you think?

aaandi.
Apols, the £100m debt I mentioned, should have been $US. I forget it uses $ sometimes, reports in £, and gives sales in Es as well. The conversion is at 2p not 3p. I was going from memory and no time to go through years of RNS's.
Yes, the wording, again from memory, is that part of the debt, can be transferred into shares at 2p each. The action from t'other day, shows he has a definite interest in transferring the shares, and I don't see him as a philanthropic guy, do you.?
The larger the projects that come in, the more capital that will be required to start and complete them. Nahab will continue to issue the capital from his own pocket. It's a classic 'rinse and repeat' operation. He is on record that the 'debt' situation would be resolver before end of '19 I believe ( it might have been '20), but he issued an RNS stating that it will be resolved 'later'. He doesn't want the 'money market' involved in 'his' company. I will repeat. Great products, crap business model.

Arden are paid for their research notes, and are unlikely to bite the hand that feeds them.

And, on cue, Nahib puts 40M shares onto his holding at 2p, not 3p as I suggested yesterday. Only another 360M to go!

The co. had less than £1m T/O last year, has debts to the ceiling, and would anyone like to hazard a guess when it will be able to finance working capital from revenue. My guess is that most of you will have departed this life. It is not going to be a Take Over target on these financials. And, naturally, with Nahib's intention to finance from his own pocket, at above market rates, it is a cash cow for him.

So, aaandi, what's your financial insight into when this co. will finance WC through EBITDA.

I believe this $1.35 divi to be way off the mark. Bear in mind the 60% divi payout of EBITDA includes the amount of share buyback.

I am not being a doomsayer, but please be aware that the Company has a £100m debt with the Nahab family. The Company was going to resolve this before end 2019, but procrastinates. Part of the debt can be transferred to shares a 3p each, which would increase number of shares by 400m. I have e-mailed company several times, as a shareholder, but, to date, not had a reply. It is also interesting that the last few 'shareholding RNS's' only mention the number of shares the family has sold. Before, the RNS's stated the date and price of the transaction. It's a simple ploy not to tell us the cash amount involved, as though we can't work it out for ourselves. Also, finally, when the company needs to raise investment for working capital, it is provided by the family, and not the usual sources. This was the problem to begin with. The vast majority of companies raise cash for working capitol at the IPO. The family only issued about 5% of shares to the publis at IPO, and financ3d the company from their own pockets, with obvious long term benefits. It has some great products, the business model however, for Investors, sucks.

It always pays to look at a date. In this case it was 9 August 2013.
May be Deborah is new to this lark.

craigmc and aandi.
There has been some moves of companies with HQ in UK, out of UK, for trading reasons. EQT would still have it´s HQ in Ireland but simply move the Reg Office to UK. Simple. Many non-Eu and Eu companies do this. No problem

Why not simply move the Reg. office to UK? That is what other affected companies have done?

OMNI. Yr post;
Basically what I am saying is that Testpack3, you confuse me lol.

Tell me dear boy, I´m sure I can assist you.

Always bear in mind the prime directive of the CEO and BOD, and ìnterested parties`;
to secure a financial legacy for themselves and family. It`s the same for all listed companies.
If the company is one of the few that is successful, that is a bonus for everyone.

This is part of the of the twitter;

The last time Soybean prices were at these levels it signalled a run in potash prices to all time highs touching US$900/t before settling back to US$450-500/t. #EML Kh

can someone please tell me the relationship between the prices of soybean and potash?

Has anyone mentioned that the Finance as now been pushed back to Q3 from previously announced Q1. Lots of previous comments saying Finance is `no issue`, and `has already been sorted!`. The Co. already announced a Debt Advisor appointment to secure Finance. I hope it is paid on results, not on daywork. Disappointed that the Co places this important info. as a throway line in a pararagraph. I would suggest this euphoria from Co is to raise the sp for a placement. Time will tell.

The big plus for me is that it was not negotiated by The Failure.
Still a long hard road, but a little light at the end of the tunnel.

Wishing all a healthy and great 2021.

Hi TM
yes, it has gone under the radar. A divi with a 10% yoy BOD approved growth rate is fantastic. With a 'green' administration entering The White House on Jan 20, it will provide more opportunities for GLO, and I hope the share buyback is put on hold to build a war chest. The weakening USD will hurt the divi somewhat, and it may continue to slide with the record debt idiot Trump has given to the USA economy, especially as one of his 2016 pre-election 'promises' was to reduce the 'Obama' debt.
I would disagree on the Treasury shares. I would much prefer that share 'buybacks' are cancelled. Even if TS are sold to Institutes, it adds dilution. Institutes would normally look at a divi. paying at least 5%, and on this metric, next year, when the divi should average 13.23p ( exch. rate 1.35 USD=£), gives a sp for GLO of £2.64.

Cyberbub.
How dare you come on here posting common sense. A few on here will think you are the spawn of the devil .lol

It was remiss of me not to thank Trellis for his continued work in trying to hold Directors to book. Thanks, and good luck with your efforts.

Utility, I do not think the analogy with Trump is a fair one. However, in both cases , money is the common ground. There are approx. 70M Americans who believe the election was stole from Trump. All the evidence points to a fair election. It is not the case that he is a 'sore loser' and is not used to losing. 3 bankrupt casinos, at least 3 bankrupt condominium scams, an airline, a magazine, defrauded his own veterans charity, a University, a publishing business. There are more, and the liar has a PhD in failure. this election fraud is a scam to raise money. At the end of Nov, his begging e-mails to supporters asking for cash to fight the fraud had raised $207M, and counting. The idiot supporters do not realise that the majority of money will end up in his bank account, or probably somewhere untraceable. It can be argued that after the success with Horst gas finds, The Failure, expanded the exploration to s*** or bust locations. The former delivering wealth to all investors, the latter, where we are now. I am not so cynical to suggest that even The Failure knew the drilling programme would fail. However, I do believe that it was the intention of Fumagali, and probably with The Failure as a cohort, to seize this asset 'on the cheap'. I think $30M is incredibly cheap. We will never know the involvement of other Directors, including the CEO, if all this deception transpires. There is no 'shame on AIM'.

Copied from rns;
Subsequent to the previous extension to the MOU (as announced on 23 October 2019), the Company commenced discussions with potential co-developers and funders to the Project, a number of which are progressing well. EQTEC also instructed and paid the grid operator, Northern Powergrid, to provide a full quotation for the grid connection, which has been received by the Company. The Company also initiated technical due diligence with potential funders and insurance providers, which is ongoing.



In addition to the extension to the MOU exclusivity period, Scott Bros has undertaken to enter into a legally binding option agreement, which, if agreed, will grant EQTEC and its partners the right, but not the obligation, to purchase the entire issued share capital of Billingham EFW Limited, the Project SPV, from Scott Bros, subject to agreement on consideration and other terms. The MOU extension announced herein sets out the intention of executing this option agreement within 45 days and that such option agreement, if and when entered into, will supersede all other agreements between the Parties regarding the potential acquisition of the SPV'

What concerns me a lot, is this is from a June rns, and is almost exactly the same wording as the one a few days ago with another extension to the MOU. Posters regularly mention the 'huge pipeline' of enquiries. As yet, not a lot happening.
The technology, the industry, the market place, are all big plusses for EQT. AIM is awash with companies that have promised 'golden eggs', and dashed the dreams of many, along with pot loads of savings. I am always reminded of 'The Black Swan'. In a nutshell, expect the unexpected. It can work both ways, make riches, and make paupers. Always exercise some caution, and ask yourself, what if it went 'belly up', would I be ok. If there are any previous SOU holders here, they will relate to the posts about buying Lambos. Dreams dashed. Just be careful. Action and results increases sp long term, promises only short term.

sorry for 'fat finger'