Eqtec Share Discussion Threads

[dazboj] 01/8/2021 16:16

Long time lurker here. Just came across this article. Probably nothing to do with EQT, but crazy all the same. “Mystery as £4.2m, 91-tonne recycling plant 'disappears' in Greater Manchester” https://www.itv.com/news/granada/2021-08-01/mystery-as-42m-91-tonne-recycling-plant-disappears?fbclid=IwAR0pQVx6VMFt4MGVZBDxfNhJWZBgcwDfjalBz68TYVwDkQrjg3g4E4kFHOM

[dougy1] 30/7/2021 12:06

I would agree with you both. I hold both (alot more EQT as PHE is more of a speculative punt) but the facts are far clearer for EQT.Also noticed they have updated their website with a section now detailing projects under construction, projects in development and some case studies from the past.A lot more forward momentum here in general

[vatnabrekk] 30/7/2021 08:55

I was just thinking that juju.

[juju44] 30/7/2021 08:54

Should be some money from Phe moving in here

[juju44] 23/7/2021 14:01

Warrants not going to help here

[don carter] 23/7/2021 11:51

Steve and Mark: both your perspectives and posts are much appreciated. I think we need both.

[juju44] 23/7/2021 10:31

Need a few buyers to appear

[sharetalk] 22/7/2021 22:16

Align Research EQTEC 21/7/2921 New target price of 3.47p per share. Conviction Buy. hTTp://www.alignresearch.co.uk/wp-content/uploads/2021/07/Eqtec_Align_Update_July_2021.pdf Summary (Extract) Total £16 million raised in May in over-subscribed placing The money was raised at 1.5p per share, an 11.24% discount to the previous day's closing price. As our previous updates have highlighted, EQTEC has over the past few months developed a significant pipeline of projects. Between July 2020 and February 2021, non-contracted tender opportunities worth a total potential of €316 million were added for a total potential pipeline value of €657 million. With this in mind, the company will use the proceeds of the fund raise to take full advantage of a number of near-term opportunities and to prepare itself for further long-term growth. Q2 trading update confirmed that progress continues in 2021 A July trading update confirmed that EQTEC has continued to make progress across its pipeline of opportunities in the three months to end-June. The company also confirmed that it is on track to meet its target of achieving €15 million of revenues for 2021 and a maiden year of profitability. This assumes that revenues are weighted towards the second half of the year as deals reach financial close and fees are received. Forecasts revised to consider pipeline acceleration & target price raised Following the fundraise we have revised our expectations for the 2021 to 2023 financial years and used these as a basis for providing a valuation for the company. In 2023, as more projects are progressed and the substantial non contracted pipeline is translated into commercial success, we are now looking for revenues to more than double to €149.3 million (up from €118.5 million previously) and EBITDA to grow by 142% to €36.6 million. Using our updated 2023 forecasts, and on an EV/EBITDA multiple basis discounted back to end 2021, we derive a new target price of 3.47p per share. Conviction Buy. N.B. New Forecast (Page 7): 2021: Revenues = €15.5m, EBITDA = €3.45m 2022: Revenues = €63.1m, EBITDA = €15.5m 2023: Revenues = €149.3m, EBITDA = €36.6m Valuation (Page 8) 'conservative': On our updated 2023 forecasts and on an EV/EBITDA multiple basis that gives a valuation of 4.36p per share. Discounted back to end 2021 at a rate of 12% gives a price of 3.47p per share.

[juju44] 22/7/2021 20:35

Tech indicators perking up and not into overboughjt territory . We should see mote movement north. Still a bit to go to break the downtrend of the past 6 months

[n73] 22/7/2021 18:07

Technologically this company is way ahead its time.Those investors relying on a carbon-driven-profit are doomed, and they know it.

[marktime1231] 21/7/2021 21:06

Steve I am not picking on you or anyone, and as I stated and meant recently I am grateful for the news and items you post. Nor am I on your back all the time, sorry it feels like that, but everyone here is entitled to an honest opinion and to challenge something which sounds a little one-sided or to make a balancing comment. Isn't that what we are here for, to debate the positives and negatives? Doug I too have been appreciative of Steve's posts and said as much, particularly as they are usually based on content or a reference. And yes I have had a go at someone a couple of times for whispering heresay or alarmist gossip not worthy of a school playground as though they know something we don't but aren't telling, and make no apology for that. We are not just here to agree with each other, nor to pick arguments for no reason, but actually it can be helpful when someone helps us look at both sides. And, bulletin board being what they are, to be on the look out for the overly positive or overly negative. To have nothing but good to say and clap each other for that is not healthy. Having to face up to a contrarian point of view is generally a good thing provided it is civil. So please don't make it personal when it is not. Nor am I trying to do EQT down, I am well invested for the long term or at least until the price looks over-bought, having added twice recently because the share price now looks cheap on the balance of risk and prospects. My last post made the valid point that some analysts, brokers and research houses are paid, sponsored to sell the stock and its outlook. Not everyone might appreciate that, it was not made clear. So much is this important to know that Align state they have a commercial interest in a positive outlook. A target price of a rather precise 3.47p is closer to what sounds right than the 5p from Edison, who also have skin in the game, but both sound rosy to me. Predicting E100M+ revenues in a couple of years, which is what these projections are based on, is a giant leap of faith. Now, if any of that gives either of you a problem so be it, just filter what you don't want to read.

[stevea171] 21/7/2021 18:27

Dougy. Thanks. Exactly so. This hot weather and coming up to August gives rise to the silly season in the media. Hopefully it doesn't spread here ... !!

[stevea171] 21/7/2021 16:24

I don't need to mention it. You seem to be a complete control freak. First it was Juju now me. And you've been posting here all of a couple of months. You don't dictate to me what I post or what I say. Got that? You're on my back every post it seems. Haven't you got something better to do with your time?

[marktime1231] 21/7/2021 15:47

You forgot to mention ... IMPORTANT: EQTEC is a research client of Align Research. Align Research own shares in EQTEC.

[stevea171] 21/7/2021 14:55

New note out by Align Research. New target price of 3.47p per share. Conviction Buy. Summary. Total £16 million raised in May in over-subscribed placing The money was raised at 1.5p per share, an 11.24% discount to the previous day’s closing price. As our previous updates have highlighted, EQTEC has over the past few months developed a significant pipeline of projects. Between July 2020 and February 2021, non-contracted tender opportunities worth a total potential of €316 million were added for a total potential pipeline value of €657 million. With this in mind, the company will use the proceeds of the fund raise to take full advantage of a number of near-term opportunities and to prepare itself for further long-term growth. Q2 trading update confirmed that progress continues in 2021 A July trading update confirmed that EQTEC has continued to make progress across its pipeline of opportunities in the three months to end-June. The company also confirmed that it is on track to meet its target of achieving c.€15 million of revenues for 2021 and a maiden year of profitability. This assumes that revenues are weighted towards the second half of the year as deals reach financial close and fees are received. Forecasts revised to consider pipeline acceleration & target price raised Following the fundraise we have revised our expectations for the 2021 to 2023 financial years and used these as a basis for providing a valuation for the company. In 2023, as more projects are progressed and the substantial non contracted pipeline is translated into commercial success, we are now looking for revenues to more than double to €149.3 million (up from €118.5 million previously) and EBITDA to grow by 142% to €36.6 million. Using our updated 2023 forecasts, and on an EV/EBITDA multiple basis discounted back to end 2021, we derive a new target price of 3.47p per share. Conviction Buy. hTTp://www.alignresearch.co.uk/wp-content/uploads/2021/07/Eqtec_Align_Update_July_2021.pdf

[m4rtinu] 21/7/2021 14:36

Align (not to be confused with Arden) have issued valuation update. htTps://www.alignresearch.co.uk/cpt-company/eqtec/

[vatnabrekk] 21/7/2021 09:57

Seems quite clear to me Steve.

[stevea171] 21/7/2021 09:31

RE Billingham. From the RNS: "Three RDF-to-energy projects in the UK are making good progress toward financial close. The Billingham, Teesside project development and associated engineering work, led by an EQTEC team, has produced a detailed design for the core gasification process and equipment and a concept design for the full plant. In July it is expected that this will be reviewed with potential funders, including French waste-to-energy owner-operator, Groupe Idex ("Idex"). Additionally, the project team is selecting delivery partners, including Tier 1 EPC companies. The Company WILL MAKE FURTHER ANNOUNCEMENTS about both funding and delivery partners." From the DP Interview: "We have completed the concept design and conversations are ongoing as well in terms of some operating partners and delivery partners for construction incl Tier 1 very interesting delivery partners that we WILL BE ANNOUNCING SOON!" There is no essential difference between what DP says in the RNS and what he says in the interview so I am not "putting words into his mouth" as he has said the same thing in writing and verbally with only my emphasis added. I stand by my commentary which was: What I said: "Further to the Trading update today, it seems clear there is a lot going on in the background that DP is not able to announce just yet. In particular, Billingham seems to have reached an advanced stage with significant further announcements coming soon ...."

[stevea171] 20/7/2021 18:58

Mark. I am reporting facts with minimal of my own commentary. In the instances when I do make my own comments they are likely to be supportive of the company because I think DP is doing an excellent job and is pretty much the ideal CEO that we are extremely lucky to have. I have much experience of Company management who are the complete opposite of DP - both with investments and working for a Footse100 company. It is very easy to carp and pick holes in everything the company puts out because some people always want more. If you read countless boards over the years as I have this is about the mildest you are ever likely to come across ....

[marktime1231] 20/7/2021 18:08

Steve your reporting is really appreciated and the facts / news will speak for themselves so there is no need to sell EQT up all the time, something is instinctively causing me to want to dampen down your enthusiasm. I am not saying you are right or wrong, but it does feel a little like you are putting words in Palumbo's mouth. He is not announcing a Billingham deal because there isn't one, not yet anyway. When a deal is announced we can celebrate, so let's wait for that.

[stevea171] 20/7/2021 13:18

>>> "let's not count our chickens nor whisper it up in to a done deal." No one is doing that. Where have you got that from?

[stevea171] 20/7/2021 13:18

DP wants contracts signed before he says anything definitive, publicly and on the record.