Eqtec Share Discussion Threads

[juju44] 11/7/2022 15:13

Keeps teasing with the huge potential . When we get a bit of the right financial news and cashflow concerns subside , it will surely fly

[seagull222] 11/7/2022 08:21

More very good news this morning and Cleary working very hard behind the scenes. Another piece of the jig saw firmly locked into place. Keep up the hard work eqt and thanks for your efforts from 1 shareholder & sure many other shareholders also would like to put on record their appreciation and thanks for your hard work and efforts. Best Seagull

[juju44] 08/7/2022 14:29

Just cant get that break

[seagull222] 07/7/2022 11:57

More very good news with the announcement of collaboration with CompactGTL , I particularly like this "CompactGTL will provide GTL technology solutions and access to development sites, funders, infrastructure investors and blue chip offtakers." Only the impatient and incompetent would be selling now imho. The outlook is mega exciting over next few years for EQT imho. Seagull

[stevea171] 07/7/2022 11:19

RNS today: EQTEC moves into liquid fuels with CompactGTL collaboration deal

The companies have identified a potential pilot-demonstration project for which they will start feasibility work as soon as possible

EQTEC PLC (AIM:EQT) announced a move into the liquid fuels market through a framework agreement to collaborate on waste-to-fuel projects with CompactGTL Ltd, a gas-to-liquids (GTL) company specialising in the production and use of synthetic fuels from gases.

The companies will work together on the design, development, construction and operation of waste-to-fuel projects and other synthetic fuel and energy infrastructure projects, with an initial focus on small-scale, modular, waste-to-fuel plants, EQTEC said in a statement.

They plan to integrate their respective technologies and know-how to pursue opportunities for clean, sustainable liquid fuel production.

EQTEC will provide project development, syngas technology solutions, engineering and technical design services, while CompactGTL will provide GTL technology solutions and access to development sites, funders, infrastructure investors and blue chip offtakers.

READ: EQTEC partners with Wood for waste-to-hydrogen solution at Southport project

CompactGTL is actively looking at how its technology can be applied in the production of new fuels, especially the conversion of synthesis gas (syngas) into sustainable liquid fuels for industries that are more difficult to decarbonise, such as aviation and heavy haulage.

The companies have identified a potential pilot-demonstration project for which they will commence feasibility work as soon as possible. The project would focus on designing and developing the first, small-scale, commercial plant using refuse-derived fuel (RDF) as feedstock in the production of sustainable liquid fuels.

A location for the project has been identified and the companies are in talks with the site owner about acquiring rights to developing the project.

David Palumbo, chief executive of EQTEC, commented: “To date, we have targeted our efforts on projects for clean power, thermal energy, hydrogen and synthetic natural gas. I am especially happy now to add liquid fuels to that list, as market interest grows for sustainable aviation and ground fleet fuels.

“CompactGTL are uniquely positioned as partners, with the technology and a team deeply expert in process technologies, to collaborate with us toward rapid realisation of highly efficient fuels for the Net Zero future. We are excited to get moving in this market."

EQTEC shares rose 4.14% to 0.73p in midmorning trade.

[don carter] 07/7/2022 10:23

Syngas to fuel: like it. Wood capital late in the year could be the basis of EQT moving to the stage of making money.

[juju44] 07/7/2022 09:48

I think the Wood report has injected some speculation

[stevea171] 07/7/2022 08:19

Wood give H1 trading update to the market today:

"Proceeds from the sale will provide the financial flexibility for us to deliver on our strategy to be a leader across energy security and sustainability."

This is a broad statement but fits continued partnership with EQT, alignment of interests and maybe a direct investment. ....
Wood net debt to reduce from $1.7 billion at 30/6/22 to approx $100 million on sale completion in H2. So any direct investment in EQT could come following completion of this sale and start up of EQT's Italian MDC.

Re: Sale of Built Environment Consulting

On 1 June 2022, we announced that we had signed an agreement for the sale of our Built Environment Consulting business to WSP Global for an enterprise value of $1.81 billion, representing an EV multiple of 16x (including expected standalone costs). The transaction is subject to various conditions, including Wood shareholder approval and certain regulatory approvals.

Good progress has been made towards completion and we expect this transaction to complete in the second half of this year. A circular will be issued to shareholders imminently.

The net cash proceeds from this sale are expected to be around $1.62 billion after estimated working capital adjustments, tax costs and transaction costs.

Proceeds from the sale will provide the financial flexibility for us to deliver on our strategy to be a leader across energy security and sustainability. We will set out our strategy in more detail at a Capital Markets Day in late Q4 of this year.

[juju44] 06/7/2022 17:48

Whats the big trade about

[hoper1] 05/7/2022 13:55

Yes seagull. I was looking at the price achieved but agree with your comments about mid price.

[stevea171] 05/7/2022 11:45

Wood is in transition. As well as the sale of one of its divisions bringing in $1.9 billion cash there is a change of CEO effective from 1st July.

Ken Gilmartin will succeed Robin Watson, who announced his intention to retire in April 2022. Robin will step down from the board effective 1 July 2022 and will remain with Wood until 30 September 2022 in an advisory role to support a smooth transition.

Ken Gilmartin has been with the company since August last year. He will now have funds and the authority to take Wood in the direction of new business and new opportunities. I would be surprised if the EQT partnership is not something he investigates for future growth and profit potential.

[m4rtinu] 05/7/2022 11:01

Thanks for replies. MU.

[vatnabrekk] 05/7/2022 10:27

Indeed, I don't think that ETQ wanted Wood for financing.

[aja2] 05/7/2022 09:47

I don't see Wood as a major financier, more of a partner for projects.

[aja2] 05/7/2022 09:45

5.14M declared as sells that were actually buys so not much difference between buys and sells today.

[m4rtinu] 05/7/2022 09:45

Just one awkward question. Am I right in thinking we don't need Wood to provide finance? The experience they bring seems first class but they do have lots of debt. Otherwise very hopeful, as others are for prmoised announcements and for 1st small plant to be operational.

[juju44] 05/7/2022 09:40

Price dropping tells me more selling than buying going on. Predictable after past couple of days . I will feel more comfortable when we get this breakout . Patience

[seagull222] 05/7/2022 09:32

Hoper, its down to mid price between the bid and sell and if below mid price as spread different to what displayed that distorts it I believe. Seagull

[hoper1] 05/7/2022 09:29

Looks like buys showing as sells again!

[adi27] 05/7/2022 08:41

A couple of plants up and running successfully will sort the share price!

[seagull222] 05/7/2022 08:19

Still €100's millions in the pipeline and company market cap only £70m. Roll on next 8weeks.

[seagull222] 05/7/2022 08:17

Aja good Summary. It was March 2021 court case dropped. Link below

Eqt share chart

[aja2] 05/7/2022 07:36

The share price dropped after the court case from 0.85 to 0.45 in 2020. It then went up to 3.10 regardless of the court case in Jan 2021. The drop occurred due to all Cleantech stocks rising too rapidly and was then compounded by a lack of financial close of major projects, Covid supply chain issues, the invasion of Ukraine and a drop on the entire stock market as well as recession which has made access to finance more difficult. Meanwhile the company has continued to increase its pipeline of projects, increased its revenue 400%, has solid partnerships in place and altered its business model to include hydrogen for offtake.

[seagull222] 05/7/2022 01:11

You sound like in exact same position as myself. I think if hold your nerve will double your money over next 12-18 month's. Here's hoping was in same position with Yu group 2/3 years ago and it came good. EQT is a very gud company and positive news and closure on the 2 UK projects will be massive, n they are working closely with Wood group an excellent company. The share price dropped partly due to the BS court case in the states and that has been thrown out but, price still to recover after that. Hold ur nerve n will be richly rewarded and remember why invested here in the 1st place. All in my opinion and I don't have a crystal ball. Seagull