Eqtec Share Discussion Threads

[daisymax1] 30/3/2023 16:12

With all the buys today why hasn't the price changed?

[yump] 29/3/2023 15:16

Thanks for the information - it gets lost easily. I was rummaging around for it for quite a while.

There's a lot of information hidden in past posts as well - am working on something so I can store references to useful posts all in one place, for the businesses I'm invested in. Otherwise its endless clicking and scrolling !

[m4rtinu] 29/3/2023 14:38

Greg Strangl of partners Phoenix advertising Biochar from NF this summer. Open comments to the LinkedIn post.

[m4rtinu] 28/3/2023 17:49

Aja - thanks for correction.

[aja2] 28/3/2023 12:55

That's old re. Italia; revised guidance: The new financial model approved by the Board of Directors and shareholders of Italia MDC currently forecasts revenues of c. EUR2.6 million and EBITDA of c. EUR1.0 million per year from COD through end of 2027.

[m4rtinu] 28/3/2023 12:31

On revenue, a couple of egs from last year's Annual Report,Apr 22:

Italy:

... EQTEC as O&M contractor. The plant will convert multiple types of biomass feedstock into heat, power and biochar. Once operational, the Italia MDC is expected to generate annual revenues of c. €2,000,000 and EBITDA of c. €750,000.



Croatia:

... Belišće, Eqtec as O&M contractor. Technology sales for EQTEC over the life of the project are expected to be c. €2.0 million, of which c. 60% was invoiced in Q4 2021.


... in Karlovaç, Croatia. The plant will be retrofitted with EQTEC technology and repowered, and is expected to produce 3 MWe of green electricity and high-quality biochar. It is expected that the Company will become the plant's O&M contractor. Technology sales for EQTEC over the life of the project are expected to be c. €15m, of which c.10% was invoiced by EQTEC in Q4 2021.

Depends

× if expectations of revenue are same as booked;
× how much equity is kept

Think the upcoming plant in Greece (Larissa) is owned by partners, so Eqtec get O&M fees.

The CEO has stated the ultimate aim is to licence tech, I believe. Might get a better idea when Italia MDC is "refinanced". Possibly in this Apr report.

And as you imply, must be profitable.

[pa123] 28/3/2023 12:10

'Chocolate Fireguard' springs to mind

[yump] 28/3/2023 11:38

Has anyone any idea of the revenue value of just one operational plant, to EQT ?

For all I know, that revenue may never, ever cover costs, let alone make any profit.

Seems its just an endless stream of revised statements, purchases, sales, agreements and payments for this that and the other.

I regret buying even the small amount I bought, as there are never any clues as to the tech. value, just lots of other information about everything else.

[m4rtinu] 28/3/2023 09:45

Thanks Steve. It was a really pointed and pertinent question.

[stevea171] 28/3/2023 09:27

Thanks to Keleko, LSE for this Transcript of QUESTION 2 (Proactive Interview March 27)

TOM WARNER:
So, on the lookout for some more money, David. But you have just raised, I believe, about £3.5 million there. Was that a distressed *RAISE*?

DAVID PALUMBO:
Well, I mean, with the failure of two major banks, both presenting a systemic risk to the respective sector, you could say that the whole market was in distress. Em, you know, having this happening in the middle of a capital raise added a lot of risk and complexity for us. But once again, we needed to do what, in our view, was best for the company. So, we must make decisions in real time and react to, you know, what we see in the market, even if sometimes doesn't seem ideal.

Eh, most important thing for us in the current market is to protect the balance sheet.

We still believe that the situation in the near term will continue to deteriorate, so we wanted to reprofile the debt and defer [inaudible] the payment plan originally committed, eh, with the lenders.

The debt reprofile requires an equity element to it to be able to implement, so the timing of the equity raise was in part dictated by this. Meanwhile, we also, eh, need the capital to continue, as we mentioned, progress on the MDCs this year. [inaudible] And the program is critical to continue to develop the relationship with all the downstream technologies utilizing our syngas to attract strategic partners.

These partners are interested now in broader application of our technology, particularly now in Europe with the massive push that RNG is having, like you could see it from announcements that we made recently as well, Gardanne and Limoges.

[juju44] 27/3/2023 21:45

That didnt exactly fill me with confidence

[stevea171] 27/3/2023 19:33

Video interview today. EQTEC leadership provides update after flurry of announcements.
EQTEC CEO David Palumbo and COO Jeffrey Vander Linden speak to Proactive following a flurry of news announcements from the cleantech company that included a targeted £3.5mln placing.

[aja2] 27/3/2023 16:56

Talk of takeovers seems to be the preserve of AIM chatter when prices plummet. Very rarely happens at this level in my experience. When the company's prospects improve then that may be the time for offers (as they can see the tech is desired and installed in several locations and business running profitably but I would be extremely surprised if I saw that happen at this level. Even then it's up to the voting shareholders; the offer would have to be many multiple times the current share price and I don't see a prospective buyer doing that, especially in this economic climate. I also don't see anyone building up a stake that rivals Altair and I don't see them having the funds to make a large offer either (they forward sold to cover the loan to de-risk so not cash rich).

[pa123] 27/3/2023 16:07

Out of interest, what would a reasonable offer look like?

[hoper1] 27/3/2023 15:58

Sorry, I thought the price was supposed to go up on good news

[juju44] 27/3/2023 14:48

EQT may survive but thanks to the mismanagement of the company , the recovery could be long and slow

[volsung] 27/3/2023 12:21

Une tres grande porte

[m4rtinu] 27/3/2023 10:49

The link up is very good news. And could, if successful, open à very big door in France.

[stevea171] 27/3/2023 10:25

At current valuation of EQT of £19 million we could see take over offers emerging.

Idex could offer a large premium to the current share price and still do very well .... but shareholders would lose the significant potential upside over the coming years!

[stevea171] 27/3/2023 10:02

Idex is an ideal partner with finance to partner with, especially on home territory for Idex in France. The University of Lorraine EQT pilot plant with its test platform gives EQT visibility and credibility especially in France where we may see many more projects incubate.

EQT collaboration with Idex finally pays off but not in the way envisioned a few years ago (probably just as well!):

Eqtec and Idex could run Teesside RDF plant.
March 22, 2021. by James Langley.
Gasification company Eqtec says French energy firm Idex may look to enter the UK market through involvement with a proposed plant in Billingham, Teesside.

Subject to the completion of a final review, Idex would provide the financing required for the construction phases and then own and commercially operate the plant, Eqtec says.

Founded in 1963 and headquartered near Paris, Idex is an operator of energy infrastructure assets, including 41 district heating and cooling networks, 13 energy from waste (EfW) facilities and a ‘large’ portfolio of energy services contracts.

[stevea171] 27/3/2023 08:12

RNS today: "Eqtec is pleased to announce that it has been awarded a project in partnership with French utility company and infrastructure owner Idex, by the Limoges Métropole ("Limoges Metropolis") in Nouvelle-Aquitaine, France (the "Project").

The Project, to be developed by Idex with engineering and technology from EQTEC, is expected to result in a plant able to convert up to 45,000 tonnes per year of mixed waste, including contaminated wood waste, into up to nine million normal cubic metres per year of renewable natural gas ("RNG") (the "Plant). Once operational, the partners expect that Idex will own and operate the Plant."



IDEX.
Founded in France in 1963, Idex develops, designs, finances, builds and operates local energy and carbon-free infrastructure, which provides renewable heat and local electricity supply to buildings, cities & industry.

With 5,700 employees and a turnover of €2 billion in 2022, Idex is currently the only vertically integrated market operator delivering the complete value chain for local energy provision. The Group is involved in the production of thermal or electrical energy from local and low-carbon energy resources (geothermal, solar, biomass, waste), the distribution of this energy through district heating and cooling networks, to its final use in industrial, residential and tertiary buildings and other applications.

[m4rtinu] 24/3/2023 10:45

Article in CNN Greece on Larissa, Agrigas/ ECO Hellas project. Beware, lots of pop-up ads!

[tomboyb] 24/3/2023 09:23

Raising cash in this environment is v difficult -

Those that are cashed up for the year ahead should do ok -