Eqtec Share Discussion Threads

[dougy1] 27/4/2021 00:40

I've noticed the company has been steadily ramping up its article and post production on everything from "what is gasification" to posts announcing business development appointments, approval to join Green energy groups and a number of other positive updates. I also note Palumbo is taking a personal approach to responding or participating in online posts (largely via LinkedIn).This is exactly the sort of contact strategy I want to see from a developing company. It's educational, factual and keeps both the IIs, PIs and potential business partners as well as it's potential customers fully informed and wanting to hear more.It's exactly how it should be done and I think this is only the ball starting to roll.IMO well have a proper handle on various new projects in the EU and UK given the 2 new specialist business developers and their backgrounds. We may also have properly penetrated the US market although I believe this will be more difficult due to competition and potential litigation

[meganxmas] 25/4/2021 16:55

In 2021, revenues from both current and new projects and gradual growth from maintenance and consulting contracts are forecast to generate revenues of approximately EUR15 million in 2021. These revenues, together with an expected contribution from EQTEC Capital, are forecast to generate positive EBITDA, making 2021 EQTEC's first year of profitability.And cash 6.4m euros at 31 dec 20

[run12] 25/4/2021 12:53

DilipCan I suggest you read the last RNS

[bradders51] 25/4/2021 12:42

Stop shouting !!

[dilip40] 25/4/2021 12:25

IF EQT HAS CASH FOR JUST NEXT 6 MONTHS A PLACING WOULD BE ON IN 3RD QUARTER
DID THEY NOT RAISE £10M JULY 2020
LOT OF CASH BURN

[nick of the north] 22/4/2021 21:17

hTTps://www.linkedin.com/posts/eqtecplc_renewableenergy-climatechange-biodiversity-activity-6791065619719569408-f5To

[stevea171] 21/4/2021 07:47

Optimism over new plants despite loss at Eqtec
20 APRIL, 2021 BY MARK SMULIAN

Gasification technology company Eqtec ended 2020 with a loss of €5.8m (£5m) but a growing list of tender opportunities.

This loss was an increase on the €3.6m (£3.1m) recorded for 2019. The company blamed it on increased administrative costs and payments related to shareholdings.

Revenue was up to €2.2m from €1.7m in 2019.

Eqtec said that it added 17 tender opportunities in 2020 bringing the total to 58, worth €559m were the company to win all of them.

It highlighted three UK projects. At Billingham, Eqtec has signed an option agreement to acquire a 25MW energy-from-waste (EfW) project, which has planning approval. It is under review for funding by Idex Group, an owner-operator of more than 40 EfW plants in France.

Eqtec’s Deeside project is a 20MW recycling and anaerobic digestion project for which it has applied for planning consent to use its advanced gasification technology. The company is to buy the project from Logik Developments, with which it has agreed to jointly develop other UK projects.

Its third is the Southport Hybrid Energy Park, a co-development with Rotunda Group, for a waste management project for which Eqtec intends to seek additional planning permission for advanced gasification technologies. The proposed plant could convert more than 55,000 tonnes a year of refuse-derived fuel into 6-8MW of electricity.

The company also plans to work with Carbon Sole Group to develop biogas and district heating, biomass-to-energy and advanced biofuels plants in the Republic of Ireland, with a planning application having been made for the first, in Shannon.

Eqtec is also active in gasification in Greece, which it said was “scaling rapidly” and American forestry waste for which it is developing plants in California.

Chief executive David Palumbo said: “2020 was a year in which we advanced and embedded our business strategy, significantly added to our pipeline, strengthened our management team, increased the depth and number of our partner relationships and expanded our platform for growth.”

In March, he told MRW that Eqtec had found a way to make gasification work commercially, despite the failure of some rival businesses.

[hoper1] 20/4/2021 16:33

Just received a questionnaire from Green peace. Filled it in and suggested projects like Eqtec's should replace incineration. Every little helps as they say.

[vatnabrekk] 20/4/2021 11:00

Why are all of the renewable power businesses going down at the moment?

[m4rtinu] 20/4/2021 07:38

From yesterday's RNS, re North Fork project (US)

"For the first five years of operation the share of profits from the associate is limited to 0.1999% rising to 19.99% thereafter.

During the financial year, the Group advanced loans of €1,150,609 to North Fork Community Power LLC. These loans which are the subject of commercial negotiation were interest free with no fixed repayment terms at year end. Since the year end the shareholders of North Fork Community Power LLC, including the Company, have agreed that these loans are to be converted into 15% of the equity of North Fork Community Power LLC subject to the completion of formal legal documentation"

[johnrxx99] 20/4/2021 05:24

EQTEC PLC (LON:EQT) expects revenues will rise to around €15mln in 2021 from €2.2mln in 2020, shifting it into the black.

The gasification specialist said in its full-year results statement covering 2020 that the increase in revenues, together with an expected contribution from EQTEC Capital, are forecast to generate positive underlying earnings (EBITDA), making 2021 EQTEC's first year of profitability.

From Proactive.

[dougy1] 20/4/2021 01:12

Spotted the Company LinkedIn page commenting on a post about this article. https://www.fortunebusinessinsights.com/gasification-market-103487Well worth a read/listen. It's focused mainly on gasification in the US but the growth looks to be phenomenal over the next few years. Market size looks to double at least in the next 6 years in US alone. I was happy to see that EQTEC is being included in the main study along with US, French and Australian firms. Generally as an article though, thus should be shared with anyone new to gasification. I was involved in renewables including gasification at Uni and its come in leaps and bounds from a decade ago.I wouldn't want to hazard a guess at the world wide market size given the less developed countries with poorer recycling and waste treatment facilities will require this tech more than others.

[dougy1] 19/4/2021 18:05

It sounds like you're looking for a shorter term swing trade rather than an investment? Personally I'm far happier riding out the volatilities knowing I'm "in to win" rather than risking missing the boat with it.Obviously, each to their own and all that.

[dougy1] 19/4/2021 18:03

Spotted the Company LinkedIn page commenting on a post about this article. https://www.fortunebusinessinsights.com/gasification-market-103487Well worth a read/listen. It's focused mainly on gasification in the US but the growth looks to be phenomenal over the next few years. Market size looks to double at least in the next 6 years in US alone. I was happy to see that EQTEC is being included in the main study along with US, French and Australian firms. Generally as an article though, thus should be shared with anyone new to gasification. I was involved in renewables including gasification at Uni and its come in leaps and bounds from a decade ago.I wouldn't want to hazard a guess at the world wide market size given the less developed countries with poorer recycling and waste treatment facilities will require this tech more than others.

[davidblack] 19/4/2021 15:08

Apparently 11p on my spreadsheet!

[rodrod1] 19/4/2021 14:55

At the current sp, I dont see how anyone can have missed any boats. 2 years from now, the share price will be many multiples if DP is anywhere near good to his word.

[marktime1231] 19/4/2021 13:00

I first bought in sub 0.5p and was spooked in to taking profits when the share price plunged at the end of February. Committing to the Billingham site without a funding partner was a risk too far. Sorry not to have kept a place stake, you are right it will feel like missing the boat, not the first time, content to watch and wait for now.

What was the "real" news?

[davidblack] 19/4/2021 12:55

The US market could be huge as there are 10s of millions of acres of timber in the west that has died and now stands as a colossal forest fire risk to the non infected areas and rural communities.

This is just BC in Canada, well it’s pretty big but add in all the rest of the Rocky Provinces in Canada and States in the US and you are heading for 100m acres of dead timber. And then head east for the eastern mountains that run from Missouri into Quebec!

That’s a lot of EQT plants!



And remember that EQT can unlike many alternatives deliver small modular plant solutions of say 5 million tonnes so these can easily be incorporated into local communities and provide power and heat to revitalise those economies.

[tonytyke2] 19/4/2021 11:40

Great 'real' news today and really liking the expansion of business in the US. IMO could be a transformational year.Good luck to all holders.

[bradders51] 19/4/2021 11:24

marktime.
I think that you are going to miss the boat mate.
A big fan but not invested at these prices ???

[aja2] 19/4/2021 10:49

More issues with incineration: https://www.braintreeandwithamtimes.co.uk/news/19227286.letter-incinerator-not-need/

[marktime1231] 19/4/2021 10:49

OK very positive sounding, now let's not get carried away. I remain a big fan of EQT and want to re-invest at the right price or when the real news comes in, but let's not get excited by the promises, real hard progress is required. Just standing still they are burning cash, they have cover for about 6 months, and everything they describe from rescuing failed plant to developing main projects to innovation requires investment.

They say expect at least 5 EfW contracts worth at least E20M in 2021 ... how is that going? And what is the point saying Billingham is worth E30M over the life of the project to EQT, there is much to do even before they start groundwork and as it stands without a development partner so it will be funding and operating on its own?