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EQT Eqtec Plc

2.34
-0.01 (-0.43%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Eqtec Plc LSE:EQT London Ordinary Share IE000955MAJ1 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -0.43% 2.34 2.20 2.30 2.35 2.25 2.35 1,521,135 16:35:04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 7.97M -10.53M -0.0712 -0.32 3.33M
Eqtec Plc is listed in the Electric Services sector of the London Stock Exchange with ticker EQT. The last closing price for Eqtec was 2.35p. Over the last year, Eqtec shares have traded in a share price range of 0.225p to 4.65p.

Eqtec currently has 147,832,044 shares in issue. The market capitalisation of Eqtec is £3.33 million. Eqtec has a price to earnings ratio (PE ratio) of -0.32.

Eqtec Share Discussion Threads

Showing 6776 to 6799 of 11375 messages
Chat Pages: Latest  275  274  273  272  271  270  269  268  267  266  265  264  Older
DateSubjectAuthorDiscuss
22/3/2021
17:45
Lot of huge trades late reported . Hard to know what they are .
juju44
22/3/2021
17:01
Quite agree. I thought it seemed a bit low but was it Arden who had a sell notice last time round (before the recent fall)?
hoper1
22/3/2021
16:42
Nice that we have left no gap . There should be plenty more in this run
juju44
22/3/2021
16:38
Indicators ticking up on very good volume.


free stock charts from uk.advfn.com

skinny
22/3/2021
16:34
I would agree Nick, also the revenue for projects is booked earlier with their new model. That seem essentially able to choose their partners.


Also IMO the one big risk not really mentioned is the move to RDW. Much happier personally with projects with more defined waste products: wood waste, olive pumace etc. I understand of course that that’s the ‘holy Grail’ as it were. If they can get that right, truly a multi £bil company.

gspanner
22/3/2021
15:09
Arden target of 2.8p seems very low to me. EQT passed that easily back in January with the IP case still outstanding and without todays fantastic update.
nick of the north
22/3/2021
14:31
Arden note with 2.8p price target.
stevea171
22/3/2021
13:50
Couldn’t agree more David. All of these announcements didn’t happen overnight. Many will have become inpatient and sold, some will sell on the way back up and feel relief. Now there is a clear plan forward to execute these deals.. But clearly plenty of news flow thus Spring to keep investors happy (well sensible ones anyway). And you would hope plenty of flexibility in the 2021 profit figure mooted.
gspanner
22/3/2021
13:26
Nice two way action clearing out those who want to move on.

Should move up steadily for the next couple of weeks as PB does his industry and institutional presentations.

This mornings announcement had all the hallmarks of a “Cleansing release” to enable management to talk to fund managers and brokers about the story and give them comfort that “Everything is in the public domain.”
A nice hangover from DP’s private equity background.

davidblack
22/3/2021
12:23
Might have a big investor loading up 3 x 1m buys in last 10 mins.
inthemix
22/3/2021
12:10
Well plenty available on the buy side, just bought a shed load!
gspanner
22/3/2021
12:02
up 30% in Frankfurt
juju44
22/3/2021
11:53
Don. You're welcome. Yes, great foundations built and in place.

This has the hallmark of being a racing Ferrari where for now the engine is just ticking over and barely warmed up yet ....

Probably not many of us bought Microsoft in the early days, let alone held to make a fortune. In the same way Eqtec has the prospects to be massive over the next 5-10 years if it's not bought out by a predator.

stevea171
22/3/2021
11:41
Also, this should encourage the instis to get in to it further - great long-term pensions fund hold with the wind behind it.
don carter
22/3/2021
11:02
Thanks stevea171, that's all really helpful. I for one will not sell any (of my overweight holding) for another year. Great foundations laid.
don carter
22/3/2021
10:36
From LSE: Certainly we are massively undervalued, especially compared to PHE and ITM on numbers below and personally I think Eqtec is on a different trajectory completely. We should re-rate and i think test the recent highs of 3p as we move into final results and the closing of more expected deals.

The market is only interested 18 months ahead and if we almost double the potential order book in 5 months in Covid what will happen when all the global green bonds are rolled out and Biden takes a swing. There will be madness and Eqtec are doing the right thing today and partnering wholesale around the world as the scale of orders are going to be vast. The sheer weight of the potential order pipeline getting on for 700m euros and that will probably double again over next 12 months so the actual order pipeline will follow in the slipstream.

Partnerships globally are pushing higher and we need more to make sure we capture the wave unfolding. Its clear that Eqtec is now the world leader in waste to energy gasification outperforming the market on almost every indicator i can see and vindicated by the slam dunk against Aries who are licking their wounds. Eqtec will win significantly more deals in the US that would have been held up and won stronger relationships with their current US partners who know DP delivers.

The company will be in the sights of so many large infrastructure and energy groups but they will only show vague interest when the deal size is £1bn - £10bn so we have a long way to go before that happens but its inevitable given the global pivot to green energy meaning all large manufacturers will need to look towards a gasification plant like Toyota are looking or face increasingly crippling green taxes that are coming very heavily soon.

The grants and government incentives for companies and regional areas to invest in green tech is going to only grow and Eqtec is unassailable at the moment. Exciting future simply laid out in black and white today.

stevea171
22/3/2021
10:24
The Arden note is 23 pages long. They have a buy rating of 2.8p but acknowledge that we are in a considerably much stronger position based on 2022 forecast revenue and profit compared to green tech peers who have much (much) higher P/E ratios.

The technical team of engineers in Barcelona is due to increase from 14 to 20 in 2021.

The structure of milestone payments has changed to 40% of total revenue at the first payment, then 25% 2nd, 25% 3rd, 10% 4th and last payment. This gives Eqtec more cash up front when a project first reaches financial close.

It was also noted that the pipeline of projects announced are only the ones that have passed tough scrutiny by the company. There was a larger value of projects but not all made it to the final list so total commercial enquiries was initially much larger than the published pipeline.

stevea171
22/3/2021
10:14
Not using alone oranges, but waste food
n73
22/3/2021
10:12
New Arden note out today -

EQTEC*

Target Price: 2.8p

EQT.L

Current Price: 2.0p

An Expanding Deliverable Pipeline - Buy

Trading update - EQTEC has released a trading update highlighting dramatic pipeline growth, a number of positive operational developments and reassessment of project timings due to COVID restrictions and Brexit. Headline changes to financial forecasts underplay the Company’s strengthening operational platform to deliver exceptional growth. Buy.

Upgrading operational capabilities – EQTEC is developing robust business development processes to protect financial close, minimise the risk of deal break and mitigate against delays. The pipeline of opportunities is up 83% to 75 since the 2020 interim results and measures taken to de-risk project development and deal closure underpin our confidence in the pipeline.

Refining the pipeline - A small number of closely scrutinised partners provide the near-term pipeline. EQTEC takes care in reviewing multiple datapoints to assess the viability of a project before committing to financial close. We believe it now has a solid platform for sustainable growth as a result of de-risking existing and future projects in this way

Earnings Changes – We have revised the timing of some projects owing to COVID related delays and the rigorous company pipeline analysis. While our P&L earnings are reduced, the phasing of projects and associated milestone cash flows results in medium term cash upgrades, reflecting the strong working capital profile of the Group’s business model. We discuss earnings changes in more depth within the note.

Investment thesis and valuation – We set our new target price at 2.8p, in line with our DCF valuation but we anticipate further, considerable upside as execution is demonstrated and the Group leverages its unique technology and operational platform. The stock trades on 19.5x 2022 P/E and 11.4% FCF yield on our forecasts which compares very favourably to peer cleantech companies and the broader market considering the growth and returns on offer. Reiterate buy rating.

Buy

stevea171
22/3/2021
09:58
m4 - can't disagree but the build up to Glasgow could help - lobby and stuff. It's the kids that need to be energised - speaking personally, if you have any, kick thier butt
johnrxx99
22/3/2021
09:53
Buyers piling in this morning.
Only blue sky ahead.
2.25 -2.35p
82 million traded.

Anyone selling today is unlikely to get back in cheaper imo as this looks to go much higher in the coming days and weeks .....

stevea171
22/3/2021
09:09
John - we are so slow in UK, might be better to focus on Europe and US. And on smaller scale projects. 0.5 to 2 MWe.
m4rtinu
22/3/2021
09:00
An excellent review of the company's progress. Onwards and upwards.
hoper1
22/3/2021
08:59
Now that the share price has levelled off for a bit, I would expect sellers to move in to take some profits.
vatnabrekk
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