Eqtec Share Discussion Threads

[carlisle44] 09/6/2020 09:47

I suggest its time to reload

[bmwman3] 09/6/2020 09:41

Mm's orchestrated drop imho not selling a singie share!

[neilyb675] 09/6/2020 09:17

for the love of God, stop moderating this thread....both good and bad needs to be able to be said

[highly geared] 09/6/2020 09:03

£multi billion is fanciful but no reason why this shouldn’t be at £100 million in the next 6 months if some of the huge pipeline is converted. Was overbought short term so there will be traders selling out but on a 2 year view, this looks a compelling investment especially if Billingham is transacted at that will justify an ongoing valuation of £20 million on that contract alone..

[bmwman3] 09/6/2020 09:01

Blatant deramping is just as bad if not worse!

[sharetalk] 09/6/2020 08:02

New info added to the heading yesterday, incase you missed it:


COMMERCIAL PROPOSITION FOR SHAREHOLDERS

EQT Presentation & Interview (12/5/2020):


1) Slide at 11 min 58 sec - Waste to Energy Market Opportunity for EQT:

a) Europe:

-- Existing W2E plants = 500 @ €70bn: Serviceable Available Market to EQT = €20bn.
3% Serviceable Obtainable Market to EQT = €600m next 10 yrs.
-- New W2E plants (2020 - 2030) = 200 projected @ €30bn: SAM to EQT = €7.5 bn

b) Rest of World:

-- Existing W2E plants = 1500 @ €150bn: Serviceable Available Market to EQT = €30bn,
1% Serviceable Obtainable Market to EQT = €300m next 10 yrs
-- New W2E plants (2020 to 2030) = 1000 projected @ €100bn: SAM to EQT = €20 bn

2) Slide at 17 min 24 sec - EQT Target Verticles with Secured Project Pipeline:

a) Agric + Industrial Wastes = €18m next 3 yrs + €18m (O&M) next 10 yrs.
b) Biomass = €13m next 3 yrs + €7m (O&M) next 10 yrs.
c) Municipal Solid Waste = €40m next 3 yrs + €9m (O&M) next 10 yrs.

Total = €71m next 3 yrs + €34m (O&M) next 10 yrs

To which you would add extra projects subsequently mentioned in the 28/5/2020 press release, including:

-- 13 potential new projects in Balkan region.
-- 10 new commercial enquiries Q1/early Q2 2020 with potential sales value €120.
-- European Infrastructure Operator selected 3 potential projects.

-- Plus any other projects they subsequently secure.

3) Comparison with ITM Power (Market Capitalisation £1.55 bn on 8/6/2020):

ITM Update (8/6/2020):

-- ITM backlog = £52.4m (£21.8m under contract + £30.6m in negotiation).

4) Conclusion:

-- EQT heading for a £multi-billion valuation?

[gspanner] 09/6/2020 07:56

Looking for some news of Greek project financing agreed this week/next.

Lovely 36% on portfolio ASX share overnight, strong US markets, can’t see any reason why this shouldn’t continue to rise until above valuations of peers given projects in motion....

[tell sid] 09/6/2020 07:31

Looks like EQT are now on the growth curve.

[m4rtinu] 08/6/2020 19:04

Not easy to read on phone. Looks like Inava reduced by 1%. Missed the date, I'm afraid.

Edit: 1/6/2020.

[mick sturbs] 08/6/2020 17:22

Holdings RNS

[crosschris] 08/6/2020 16:25

Happy with that, smallish gains most days are where it's at! Don't want it taking off too quickly. We'll be over 1p soon and then multiples in time.

[bmnsa] 08/6/2020 16:18

Where's Sid ?

[bmwman3] 08/6/2020 16:16

All aboard for tomorrow

[bmnsa] 08/6/2020 15:48

Sell your losers buy your winners.North channel on graph looking ace.

[aja2] 08/6/2020 15:45

Possibly, but it's still significantly undervalued based on it's near term prospects let alone further afield; depends if people are able to hold their nerve.

[bmwman3] 08/6/2020 15:26

The markets collected lots of shares to sell to you much higher! Do not sell on false drops!

[sharetalk] 08/6/2020 15:00

This new slide taken today from EQT's twitter posts, indicates potential €106.5m revenue to EQT across at least 11 projects in 2020 & 2021.

Includes Billingham 'RDF I' (€41m) + 2 other decent size RDF projects: 'RDF II' (€21m) & 'RDF III' (€13m).

[k1ngkonggb] 08/6/2020 14:30

RA, it's an outstanding return....the issue is with my staying power!!! :P

City, ITM is so overhyped and overvalued by a bloody mile. As you quite rightly point on here, EQT seem to have a very good pipeline if they all come to fruition. Again, not so sure on £1bn MC but certainly 200M is and will be achievable within 12 months or so.

[bmnsa] 08/6/2020 14:19

What's not to like:))

[city chappy] 08/6/2020 14:15

I think EQT could surpass £1bn market capitalisation quite quickly (i.e. within weeks) based on their pipeline and projects under discussion. Afterall EQT's pipeline is now bigger in financial terms than green energy company ITM's, and EQT's is only going to continue to increase within what is a growth sector.

Billingham is worth £40m+ to EQT upfront plus £1m pa to £2m pa for O&M fees, and they have several other projects in the pipeline, eg California, Greece, Balkans, France, etc. Also in the press release on 28/5/20, they seem to be getting serious enquiries and following up with detailed commercial offers on 2+ new projects per month now, worth on average €12m each (10 in Jan - May 2020 worth EUR120), meaning another potential 24+ for this year alone potentially worth €288m - and that is just the modest sized projects, without the Billingham scale ones.

"10 new commercial enquiries have been received by the Company in Q1/early Q2 2020 and full detailed commercial offers, with an aggregate potential sales value of c.€120 million, were made by the Company during that period." (EQT, 28/5/2020)

[royalalbert] 08/6/2020 14:08

With interest rates at present, that's a good return kk LoL.

[k1ngkonggb] 08/6/2020 14:02

Maybe 30p in about 10 years time!!

[apple pear] 08/6/2020 14:00

The whole waste to energy sector is really coming into vogue now.

[tell sid] 08/6/2020 13:54

EQT back to 30p+ soon.

EQTEC PLC
28 May 2020

Projects and Commercial Update



EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, is pleased to announce the following update on its projects and commercial activities.

United Kingdom

Billingham:

-- Work for full detailed quote for the grid connection has been completed by grid operator, Northern Powergrid, and the quote has been received and accepted by EQTEC. The requisite assessment and design fees have been paid to Northern Powergrid.

-- Non-binding project finance term sheet received for the project, which has been signed by EQTEC and is being assessed by a consortium of potential equity investors. The funding structure set out in the term sheet comprises both senior debt and mezzanine tranches and requires an equity contribution from the consortium of developers of, in aggregate, 10% of the total project CAPEX, currently estimated at c. GBP170 million.

-- Following detailed technical due diligence on EQTEC's advanced gasification technology, an offer for a Technology Warranty Insurance Policy was offered by an international underwriter of speciality insurance products for the project. The nature of cover offered and the level of insurance premium is considered by EQTEC to be in-line with expectations and it is to be offered to the funders and the EPC contractor as part of the project structure.

United States of America

North Fork:

-- Detailed engineering plan completed and delivered by EQTEC, in April 2020, to the EPC contractor and Phoenix as planned and the second payment milestone invoice of EUR770,000 was received by the Company in May 2020.

-- Preparation work commenced in-line with the project programme, including the requirement to have the equipment located at the Group's Newry site in Ireland being shipped to the US by no later than August 2020.

NAPA:

-- Full planning permit for the new location (initially to accommodate a larger 2MWe capacity power plant) is still under process with some delays attributable to COVID-19.

-- The client is now evaluating the option of a larger installation and requested a full quote for an increased 3MWe plant. This was completed and provided by EQTEC.

Europe

Agrigas:

-- Full project technical due diligence report completed by TUV Hellas, the nominated engineer of the local Greek bank (the "Bank") offering the project finance, which has now been presented to the Bank.

-- Project third party financial due diligence requested by the Bank, which was carried out by EY Greece, has also been completed and provided to the Bank.

-- The Bank's credit committee meeting for project final approval was rescheduled to first week of June 2020, due to the Bank prioritising COVID-19 related loans in Greece, with a response expected during June.

ewerGy/ECO Hellas Pipeline:

-- 13 potential new projects in the Balkan region have passed the initial due diligence phase and, accordingly, now fall under the scope of the framework agreement (announced on 16 March 2020), including exclusivity.

Commercial:

-- 10 new commercial enquiries have been received by the Company in Q1/early Q2 2020 and full detailed commercial offers, with an aggregate potential sales value of c.EUR120 million were made by the Company during that period.

-- EQTEC has progressed discussions with a European Infrastructure Operator of district heating and waste to energy and, together, the parties have selected three potential projects for financial due diligence, which has already commenced. Once completed, the intention is to develop the projects together under a new framework collaboration agreement.

David Palumbo, CEO of EQTEC, commented:

"I am pleased with the ongoing progress that EQTEC has made during this challenging time. As we approach H2 2020, we continue to focus on executing our strategy with special emphasis in seeking strategic partnerships to enhance our portfolio opportunities. We are already experiencing an increase in the number of large operators that are engaging in conversations with us regarding collaboration opportunities. We believe the coronavirus pandemic may influence the pace and nature of climate action positively and we will be ready to seize inspiring and fruitful new partnerships to apply our solutions."