Eqtec Share Discussion Threads

[hoper1] 27/9/2021 14:29

Thanks m4rtinu

[m4rtinu] 27/9/2021 14:16

This is the link if you want to register for tomorrow's presentation @ 12:45pm.

[marktime1231] 27/9/2021 12:56

So long as there is reward for all this risk, not just a way of feeding distant opportunities into the pipeline?

Southport for example is staking a planned anaerobic digester with the possibility of extending scope to gasification of mixed residual waste ... the opposite end of the spectrum to recommissioning European biomass gasifier plant with in place infrastructure, local co-development companies, feedstock and offtake partners. Tell me again that this is a consistent and coherent strategy, and which part of it you like.

What are we expecting from the Interims, and will it make any difference what the hard numbers look like against this backdrop of a flurry of deals?

[vatnabrekk] 27/9/2021 10:58

Much better than trying to finance all projects all the way through, which would severely restrict the number of projects that they would be able to handle.

[gspanner] 27/9/2021 10:24

Me too - in/out of the SPV, make the money on equipment sales (outsourced) and contraction/consultancy and OEM.

Need some financial commitment to the exemplar projects but they will pay for themselves pretty quickly.

Hoover up private equity money that could go into renewables looking for a high annual return.

[vatnabrekk] 27/9/2021 10:11

I actually like their business model and strategy.

[juju44] 27/9/2021 10:00

I didnt say that and I have too many of these to be pessimistic on the future of EQT

[gspanner] 27/9/2021 09:53

Ever the optimist Juju!

Now too many deals!

I did like the clear statement that the the SPV will be likely sold on closer to financial close.

[stevea171] 27/9/2021 09:22

Further text of the Soutport RNS this morning:

David Palumbo, CEO of EQTEC, commented:

"I'm delighted that EQTEC is taking another RDF-to-energy project in the UK to the next stage of development. In signing this agreement to acquire the Project SPV for Southport, we are closer to bringing an innovative and sustainable type of waste-to-energy facility to the local community, where we will source excess municipal, commercial and industrial waste from the surrounding area and convert it with our Advanced Gasification Technology into green electricity. The transaction also supports our strategy to incubate innovative energy transition projects applying EQTEC technology, to then sell forward and bill for our development services, technology solutions and maintenance."

About the Southport RDF-to-energy Project

The RDF-to-energy project comprises land at Watts Industrial Estate, Crowland Street, Southport, Merseyside , where the site has pre-existing Phase 1 permission to transform 80,000 tonnes of waste in a waste management and anaerobic digestion facility, and 9MWe with 2MW o f battery storage , exporting 11MWe to the grid annually . The intended Phase 2 includes the addition of an advanced gasification facility. The Company will provide updates as to revised Phase 1 and the intended Phase 2 planning submission in due course . The proposed plant, if approved, could convert over 55,000 tonnes of RDF annual for an estimated additional 6MWe to 8MWe of green electricity. A pre-planning consultation has been carried out with the local authority whereby Phase 1 and Phase 2 master plans were welcomed by the local authority and given their support.

EQTEC expects to act as the project developer on the Project, providing the design and core Advanced Gasification Technology and retain a portion of the O&M contract after commissioning. As the Project matures toward Financial Close, the Company intends to sell a majority equity position on the Project SPV and invoice the Project SPV for development services fees provided.

[stevea171] 27/9/2021 09:16

3 RNS's in 2 days with another tomorrow for the Interim results:

27 September 2021
EQTEC plc
Notice of Results and Investor Presentation: Interim Results

EQTEC plc (AIM: EQT), a world-leading gasification solutions company that is building the future of a cleaner waste-to-energy industry, today announces that David Palumbo, CEO, Nauman Babar, CFO , and Jeffrey Vander Linden, COO, will make a live presentation in respect of the Company's Interim Results for the six months ending 30 June 2021, to be announced tomorrow, via the Investor Meet Company platform, on Tuesday 28th Sep 2021 at 12:45pm BST.

The presentation is open to all existing and prospective shareholders. Questions can be submitted at any time during the live presentation.

Investors may sign up to Investor Meet Company for free and attend the event at:



Investors who already follow EQTEC plc on the Investor Meet Company platform will automatically be invited.

In addition, a video with David Palumbo, CEO, entitled ' EQTEC plc: Group overview for shareholders - Autumn 2021' is available to watch here:

.

[juju44] 27/9/2021 08:43

I have trouble getting my head around these deals . As they pile up the management must get a lot more complex . The strategy leaves me a bit uncomfortable

[m4rtinu] 27/9/2021 07:21

RNSs x 2 today.

#1: Notice of H1 results tomorrow and invitation to register for investor presentation with Investor Meet. Plus opportunity to submit questions.

#2: Announcement of agreement to acquire Southport project.

[skinny] 27/9/2021 07:01

EQTEC plc (AIM: EQT), a world-leading gasification solutions company building the future of a cleaner waste-to-energy industry , is pleased to announce that the Company's wholly owned subsidiary, Southport WTV Limited (the "Buyer"), has signed a Share Purchase Agreement (the "SPA") with Rotunda Group Ltd ("Rotunda") and its subsidiary Shankley Biogas Ltd, to acquire full ownership of the Southport Hybrid Energy Park project (the "Project") from Rotunda through the acquisition of Shankley Biogas Ltd (the "Project SPV").

Highlights

-- Initial consideration of GBP382,000 from which the existing exclusivity payment of GBP100,000 will be deducted,
is payable on the achievement of certain conditions precedent related to development milestones of the Project on
or before a date 12 months from the date of signing of the SPA;

-- One of the conditions precedent is that the Company is granted a lease in relation to the Project sufficient for
the development and operation of the Project and on terms generally acceptable to the Buyer and any funder (in
their entire discretion); and

-- The issue of a fixed dividend share in the Buyer to Rotunda, which gives Rotunda the right to 20% of
distributable profits in Southport WTV Limited. This share carries no voting rights or entitlement to dividends
in EQTEC.

[juju44] 25/9/2021 14:56

Better bits of news this week . It remains oversold and I expect a further move north

[vatnabrekk] 24/9/2021 19:47

That has probably been worked on during the day.

[juju44] 24/9/2021 19:22

6 Million buy reported after the bell - nice

[stevea171] 24/9/2021 15:03

More great news today which keeps on coming ....

These 2 projects are well located for access from Athens.
Livadeia is a town in central Greece. It is the capital of the Boeotia regional district. Livadeia lies 90 km north-west of Athens, some five kilometres west of Greek National Road 3.

In Monday's Proactive interview DP mentioned he and the team were very recently in Croatia AND Greece. Now we know why they extended the trip to Greece. He also said they are looking to increase the scale of projects in both Croatia and Greece from 1 MW to 5/10 MW which have not yet been disclosed so there is even more to come!

Further he stated that he disagreed about Billingham being their flagship project as he sees all these smaller projects as flagships in their own right. His aim is not to build 1 Billingham every 4 years but to be building 5 -10 projects of 5-10 MW all at the same time in different parts of Europe and the world.

These projects and plants are multiplying at an impressive rate. That makes 9 biomass plants Eqtec has built or are underway now:
4 in Greece
2 in Croatia
1 in Italy
1 in Spain
1 in the US

[nick of the north] 24/9/2021 14:40

You know what happens if you stand behind rocketblast? You get burnt, badly.

[rocketblast] 24/9/2021 14:28

EQT still very Risky. EQT get ready How Low How Soon. Very Risky and testing 0.5p or less. Risky so be careful with your hard earned cash. Burning Rubbish!! you end up with Rubbish!!!

[nick of the north] 24/9/2021 14:02

There is so much going on in EQT at the moment. Happy with the company expectation of 'generating profit' by the end of the year.

[m4rtinu] 24/9/2021 12:47

Well rockets are certainly blasting for Eqtec in Greece. Acquisition of 1 (probably 2) more projects in Lavida. See RNS above.

[marktime1231] 24/9/2021 12:28

Great news from Greece.

"mixed agricultural waste from local farmers"

Can we be more specific?

[marktime1231] 24/9/2021 12:25

Kibo announced yesterday it has secured the (offer of) funds to conclude its investment in Billingham, subject to due diligence by the lender(s) who will want to examine what the loan is secured against.

Whether or not Kibo is the obvious choice development partner, it looks like EQT will be getting an opportunity to bill for something this year, and reduce its risk exposure to the rest of the project.

You are right I have no idea if EQT was expecting to or is make money from staking this project, but if value has been created I would have thought Palumbo would have announced that its divestment to Kibo was an improvement on the book NAV? It feels more like this is de-risking at whatever price, and bringing forward the opportunity to recoup some of it cash costs to-date, but that is only a feeling.