We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eqtec Plc | EQT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.025 | -4.35% | 0.55 | 15:37:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.575 | 0.525 | 0.575 | 0.55 | 0.575 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Top Posts |
|---|
Posted at 04/9/2024 12:04 by marktime1231 Runway? As in catwalk?Is that a subliminal message that EQTs residual assets eg the tech and IP rights are for sale? At what price? To whom? More than a penny obviously. Can't imagine there will be much demand from retail investors. |
Posted at 14/8/2024 20:14 by juju44 The clowns running EQT have zero integrity . They have destroyed a promising outfit and filled their own wallets from the contents of investors wallets .Trust here is zero |
Posted at 17/5/2024 10:01 by bigdaddio It has been obvious for a long time that Palumbo and his bunch of cronies on the board have been lining their pockets. The investors are beginning to work it out and run for the hills!I wrote this off a while ago and have no reason to believe that I will ever see any returns. It's AIM so no likelohood of the directors being investigated for obvious fraud. They are no different from the scammers that you get on the phone every day. Just on a bigger scale! |
Posted at 09/5/2024 17:12 by 1flynn Coup de grace needs delivering to stop any further transfer of funds to the BOD and their buddy "strategic investors" please. |
Posted at 19/4/2024 11:29 by pa123 Palumbo would sell a kidney to help one of his 'strategic investors' ..no respect for private investors, merely cannon fodder in his game ... |
Posted at 03/4/2024 13:33 by 1flynn Badger, Palumbo has gouged about £2m out of the punters here on wages alone then whatever commission he was making from Altairs selling and warrants.Van der linden and the ex CFO Babar have been on the same pro rata during their stints. Ian Pearson and Quiggly are on £70k a year as non executive directors turning up at the odd meeting and awarding renumberation for the above gougers. It's another con job on AIM I,m sorry to say as a well burnt investor/mug. Note none of them seem to interested in picking up shares at these bombed out levels they've created ! Legalised Cons and scammers . |
Posted at 27/3/2024 09:10 by pa123 I honestly believe they know fully that this isn't a proper business , a going concern in the making revenue sense, as investors we have well and truly been scammed and sucked in with pure BS. |
Posted at 29/2/2024 10:35 by pa123 Investors have been scammed for sure, will this ever recover and what time frame, that is the question? |
Posted at 29/2/2024 09:38 by yump It is and always was a startup and thats a major risk that many investors should not take with their money, unless you want to sponsor new tech in a new business.If they’d come to your house with the story, would you have handed over a briefcase of cash ? The only difference is that a float appears to give legitimacy, along with all the well polished presentation. If the BOD had come to your front door, you might have asked them what they were going to earn and then decided they were a bunch of scroungers who should be using their own money for the startup. Scrounging is not confined to people on universal credit who have no intention of working. Which one is a worse blight ? |
Posted at 06/2/2023 08:47 by stevea171 The rest of today's RNS not included above:2022 performance and EQTEC's response 2022 revenues declined versus the prior year due to a slowdown in project progress driven by the dramatically reduced capital available to fund them. Geopolitical and post-pandemic economic challenges combined to restrict both the number of prospective investors and the size of their investments. Importantly, several of the Company's projects require only project finance to proceed, with many of them fully permitted, designed and otherwise packaged for financial close. The Company responded to these pressures by implementing a Focus Plan, which reduced its portfolio of active projects to a small number of near-term, strategically important projects including Market Development Centres ("MDCs") in Italy, France and Croatia and the Deeside project in the UK ("Focus Plan"). In addition to reducing its workforce of external contractors supporting projects, the Company redeployed several of its permanent staff, including Company directors, onto critical projects. As part of the Focus Plan, the Company also renegotiated key contracts, which released it from large capital commitments. This reduced the Company's liabilities and accelerated its business strategy toward becoming exclusively a technology innovator and licensor by moving it away from project development obligations. Additionally, the Company undertook a number of actions in 2022 to ensure business continuity in light of the economic downturn and tighter capital markets. On 29 March 2022, the Company announced that it had agreed provision of a new unsecured loan facility for up to GBP10 million with an initial advance of GBP5 million. On 14 July 2022, the Company announced that it had successfully raised GBP3.75 million (before expenses) through the placing of shares. This included subscriptions by five of six directors on the Board of Directors and followed investment in shares earlier in the year by CEO David Palumbo and COO Jeffrey Vander Linden. On 09 December 2022, the Company announced that it had entered into a loan facility with Altair Group Investment Ltd., the Company's largest shareholder. The facility provides the Company with an up to GBP2.0 million unsecured loan that may be paid back for all or part in shares, at the Company's own discretion. R&D and innovation On 30 May 2022, the Company announced that the Université de Lorraine ("UL") had released a report verifying that EQTEC's Advanced Gasification Technology successfully converts contaminated plastic waste into synthesis gas ("syngas") cleanly, stably and efficiently. The tests were a final step for the Company in formalising its collaboration with SEPS SAS ("SEPS"), a French company specialising in the management and recycling of industrial waste. The Company and SEPS will combine their technologies to pursue a pipeline of projects, starting with an on-premises, industrial facility in Haute-Garonne, France. On 07 July 2022, the Company announced that it had signed a collaboration framework agreement with CompactGTL Limited ("CompactGTL"), another technology innovator that specialises in the production of synthetic fuels from gases, including syngas. The Company and CompactGTL agreed to collaborate on design, development, construction, and operation of waste-to-fuel projects and to share commercial opportunities, starting with a reference-demonstrat On 31 October 2022, the Company announced the successful completion of steam-oxygen gasification tests that confirm the suitability of EQTEC's syngas technology for advanced biofuels production. The tests were performed following an upgrade by EQTEC to the Laboratoire d'Etudes et de Recherche sur le Matériau Bois ("LERMAB") facility at UL that houses EQTEC's R&D technology. The upgraded R&D capabilities are commercially significant for the Company, as steam-oxygen gasification enables hydrogen, renewable natural gas ("RNG") and other advanced biofuel applications. Additionally, the Company announced on 30 June 2022 that it had selected global technology and engineering company Wood and its VESTA technology as the technology partner for design and deployment of a clean, waste-to-hydrogen solution at Southport Hybrid Energy Park, Merseyside. Market Development Centres MDCs are live, profitable plants that demonstrate EQTEC solutions, attract investment and incubate new demand. The Company is working on at least three MDCs: in Italy, Croatia and France. On 22 December 2022, the Company confirmed mechanical and electrical completion at its Italy MDC in Castiglione d'Orcia, Italy, indicating closure of construction and start of commissioning of the plant, including enhancements to the original plant design that will further improve the profitability and resilience of its business model. In mid-January 2023, the Company and plant operations team ran the full gasification process on manual controls and is now setting it up for automatic mode. As part of its tests, the Company also produced biochar from the plant. On 08 September 2022, the Group confirmed that it had received final approval from France's Ministère de l'économie, des finances et de l'industrie ("MINEFI") to acquire an existing, 6.5MWe waste-to-energy gasification plant in Villers-sous-Montron On 29 September 2022, the Group confirmed that key components had been manufactured to support upgrade of the Croatia MDC in Belišće, Croatia to 1.5MWe from the original 1.2MWe. It further confirmed that discussions with investors and operators for the sale of the project were continuing productively. Those discussions continued through to the end of the year and the prospective investors have confirmed that they intend to visit the Italy MDC as part of finalising their interest in the project. The Company expects financial close, construction and commissioning of the Croatia MDC in 2023. Deeside, UK project On 01 April 2022, the Company announced its appointment of Black & Veatch ("B&V") to review its project at Deeside Industrial Estate, Deeside, Flintshire, with a particular focus on integration risks in light of the multiple technologies for the plant, provided by EQTEC and technology partner Anaergia, Inc. ("Anaergia"). The proposed plant, aimed primarily at supplying energy to Toyota Motor Company's ("Toyota") neighbouring Deeside engine plant, would house a 2MW anaerobic digestion facility built around Anaergia technology and a 9.9MWe syngas production facility built around EQTEC technology. The Company further confirmed on 01 April 2022 that, based on successful completion of feasibility work for hydrogen production from syngas expected in future phases of development, EQTEC had received proposals from prospective partners for provision of syngas-to-hydrogen technology. On 11 July 2022, the Company announced its appointment of B&V as front-end engineering and design ("FEED") partner with the added remit of preparing an engineering, procurement and construction ("EPC") cost estimate for power generation equipment and systems. FEED work has now completed, and the Company is working closely with Anaergia and other project partners to consider its options for proceeding at the site, including appointment of an EPC partner. On 07 October 2022, Company executives joined Toyota's celebration of 30 years of operation of their engine production facility at Deeside. In addition to having the opportunity to participate in celebration of the facility's performance and contributions to the local communities, the Company heard reiterated Toyota's expectations for the Deeside waste-to-energy facility through the words of its President and CEO of Toyota Europe, Matt Harrison, who said to the Deeside Toyota team, "On top of your efforts for biodiversity and onsite renewable energy, you are contributing to a new circular economy through your collaboration with EQTEC....These efforts firmly place Deeside as the front runner to be our first global carbon neutral plant globally by 2025." On 01 December 2022, the Company revealed that discussions with a prospective, corporate investor had not reached mutually acceptable commercial terms. This concluded a process and commitment by the investor to the Company and development partners Logik Developments Limited that had commenced in September 2022. The Company further confirmed that it is responding to additional interest in the Project from other, prospective investors. As indicated in the Company's interim results published on 29 September 2022, the Deeside project would have been the single, largest contributor to the Company's 2022 revenues. Given that, stoppage of initial negotiations resulted in the greatest single impact on the Company's revenue pursuits for the year and resulted in the final update to its revenue guidance on 01 December 2022. Other projects UK The Company announced on 24 June 2022 that Anaergia, also a technology partner at the Company's project at Southport Hybrid Energy Park in Southport, Merseyside, had agreed to be the EPC partner for construction of the facility housing its technology and to be the operations & maintenance ("O&M") partner for the resulting plant running its technology. On 21 September 2022, the Company announced that it had agreed with Rotunda Group Limited ("Rotunda") a new agreement under which Rotunda would retain the Anaerobic Digestion (AD) Project and deploy Anaergia technology, releasing the Company from liabilities for acquisition of project scope deploying non-EQTEC technology, whilst securing all development services fees due to the Company for the development of the AD plant in the form of a secured Convertible Loan Note (CLN) with Shankley Biogas Limited. The Company also entered into an Option to Lease with Form of Lease agreed with Rotunda for the development of UK's first waste-to-hydrogen plant, deploying EQTEC technology. The Company is now working with Wood plc on the integrated technical solution whilst seeking investment for the development of the project. The Company also confirmed on 15 February 2022 that it had a fully consented scheme for advanced thermal conversion at its Haverton Hill, Billingham, Teesside site and that it was exploring a range of additional solutions on the 17-acre site. The Company has since finalised its strategy for a multi-technology, waste-to-energy park with a complete review and renewal of the financial model and business case for the up to 25 MWe / 34 MWth RDF-to-electric power and thermal energy plant that would occupy just under half of the land at the site. Following its confirmation at its May AGM that it was developing financial models for a variety of scenarios at the site, the Company can confirm that additional uses considered for the site include a waste-to-hydrogen facility, a battery storage park, a battery disposal facility and a hydrogen refuelling station for lorries and buses in Teesside. On 18 July 2022, the Company announced its selection of Petrofac Limited ("Petrofac") as FEED contractor and potential EPC partner. With multiple feedstock term sheets at attractive gate fees, established grid connection and highly favourable power purchase agreement, the Company is now pursuing investment into the site, with optionality around its configuration around the anchor plant with EQTEC technology. Once funded, the project is expected to move quickly into FEED work with Petrofac. Petrofac has confirmed it will support the Company's efforts with engagement of funding candidates toward that end. On 20 December 2022, the Group announced that it had executed with Billingham site landowners Scott Bros. Enterprises Limited ("Scott Bros") an option for the grant of a lease in respect of the project land, releasing the Company from liabilities for acquisition of the project land and enabling it to focus on funding, detailed design and financial close of the project. USA The Company is, with development partner Phoenix Biomass Energy Inc. ("Phoenix") pursuing commissioning and start-up of the North Fork Community Power LLC ("NFCP") plant and business, and financial close of the Blue Mountain Energy Company LLC ("BMEC") project. On 12 October 2022, the Company announced that, following many months of delay due to a combination of local forest fires, pandemic-related challenges in labour and supply chain and the ensuing need to re-finance the project to address delays, NFCP had entered into an agreement for financial restructuring with the project lenders towards full funding of the project up to the commercial operations date ("COD") of the North Fork, California plant. It further revealed that the third-party funding had been agreed through pre-negotiated, Chapter 11 bankruptcy arrangements. The restructure project finance has enabled work to restart at the site and the Company anticipates that NFCP will reach COD later in 2023. Three of the Company's executive directors will be on site there in February, toward development of the plan for both technical and business readiness of the plant. Phoenix is also pursuing development of the BMEC project in Wilseyville, California. In its interim results on 29 September 2022, the Company revealed that development funding had been secured to support concept design work toward application for a large, federal loan to support construction of the plant and that additional term sheets had been received from both equity investors and lenders. The Company understands that the concept design work was completed, and the federal loan application submitted in January 2023 and that a response is expected by early April 2023. Subject to achievement of full funding by Phoenix, the Company is told to expect by May 2023 a contract for detailed design and technology sales. Greece The Company's joint venture Synergy Projects Limited ("Synergy Projects Greece") is pursuing a project in Livadia, Boeotia. The Company announced on 21 June 2022 that its partners ewerGy GmbH and ECO Hellas M IKE had confirmed a new debt facility with Optima Bank S.A ("Optima") to support construction of the plant, making it 80 per cent funded. The Optima facility is backed in part by the Recovery and Resilience Facility for Greece. Since that time, due diligence work has been completed by the appointed third parties and Synergy Project Greece is pushing for release of funding, while advancing with equity investors to provide the following 20% of funding. The Company expects to start detailed design work on the Livadia project later in 2023 with construction to start in the second half of the year and COD in early 2024. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
