Another great week ahead29 Jul 2018 13:52
Another significant rise back to the pre Bercheva levels of 2-3p is on the cards imminently all pre news imo and then to 2 year highs with news but more importantly what I feel is happening below
We have seen the buy action over the last few weeks and there is an entitiy/institution who is strongly bidding for stock and accumulating a massive position and stake in eqt.
The main candidates who are building this will be Ebioss or more likely Black Toro
Ebioss as they now don’t have the majority shareholder in eqt as now have approx 30-35% and need to build up their stake again in open market back to 51%
More likely Is Black Toro - EQT fits in their portfolio of a turnaround play, revenue generating/ trading business, ability to become market leaders and strong deals (ie 70m contracts and ACS Cobra alliance).
They recently invested into Ebioss and the loan given will allow Ebioss to become debt free and turn itself around and gives guarantees is terms of shares in subsidaries.
They are building an open market position in eqt and will further invest in Ebioss to get a 51% stake in EQT, with Ebioss willing to become a minority holder imo as They know BTC will allow for EQT to thrive, grow and become leaders in market as BTC are far better equipped to run EQT than Ebioss and will allow it to grow and become profitable given their history.
Ebioss would rather a 20% stake of say a 250m revenue generating company (if run under BTC) than 51% of a 70m (if run under Ebioss)- plus all the work will be done by BTC so it’s a win win imo.
If you look at BTC history, they have huge amount of cash to boot and usually 30-40m are pumped to acquire or merge companies etc so this would be peanuts to them to acquire (hence the huge buying open market) and can be one of the largest returns when it can hit 2 year highs and beyond under their watch and Ebioss will reap rewards too.
The brokers seem to believe something too as Liberium Capital have recommended a buy on it.
Also why would institutions have invested if not for a significant rise to new highs - they aren’t retail punters like most here, they want massive returns and would have done major due diligence on EQT. I would follow insitituional investment to be honest as big money wants to make even bigger money
now we are entering new period too with
Board changes and Growth plans coming with insitituions instisting on it
This is such an exciting time and should be a great week ahead.