Eqtec Share Discussion Threads

[neilyb675] 28/5/2020 19:43

WOWOWOWOWOWOW, massive buy !!!!!!

[tell sid] 28/5/2020 19:31

Someone seems to have bought 39,995,000 shares (1%) for £80.07k at 16.07 hrs, although I think it was reported late so could be a seller finally cleared.

[tell sid] 28/5/2020 19:21

28 May 2020
EQTEC plc

Projects and Commercial Update

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, is pleased to announce the following update on its projects and commercial activities.

United Kingdom

Billingham:

-- Work for full detailed quote for the grid connection has been completed by grid operator, Northern Powergrid, and the quote has been received and accepted by EQTEC. The requisite assessment and design fees have been paid to Northern Powergrid.

-- Non-binding project finance term sheet received for the project, which has been signed by EQTEC and is being assessed by a consortium of potential equity investors. The funding structure set out in the term sheet comprises both senior debt and mezzanine tranches and requires an equity contribution from the consortium of developers of, in aggregate, 10% of the total project CAPEX, currently estimated at c. GBP170 million.

-- Following detailed technical due diligence on EQTEC's advanced gasification technology, an offer for a Technology Warranty Insurance Policy was offered by an international underwriter of speciality insurance products for the project. The nature of cover offered and the level of insurance premium is considered by EQTEC to be in-line with expectations and it is to be offered to the funders and the EPC contractor as part of the project structure.

United States of America

North Fork:

-- Detailed engineering plan completed and delivered by EQTEC, in April 2020, to the EPC contractor and Phoenix as planned and the second payment milestone invoice of EUR770,000 was received by the Company in May 2020.

-- Preparation work commenced in-line with the project programme, including the requirement to have the equipment located at the Group's Newry site in Ireland being shipped to the US by no later than August 2020.

NAPA:

-- Full planning permit for the new location (initially to accommodate a larger 2MWe capacity power plant) is still under process with some delays attributable to COVID-19.

-- The client is now evaluating the option of a larger installation and requested a full quote for an increased 3MWe plant. This was completed and provided by EQTEC.

Europe

Agrigas:

-- Full project technical due diligence report completed by TUV Hellas, the nominated engineer of the local Greek bank (the "Bank") offering the project finance, which has now been presented to the Bank.

-- Project third party financial due diligence requested by the Bank, which was carried out by EY Greece, has also been completed and provided to the Bank.

-- The Bank's credit committee meeting for project final approval was rescheduled to first week of June 2020, due to the Bank prioritising COVID-19 related loans in Greece, with a response expected during June.

ewerGy/ECO Hellas Pipeline:

-- 13 potential new projects in the Balkan region have passed the initial due diligence phase and, accordingly, now fall under the scope of the framework agreement (announced on 16 March 2020), including exclusivity.

Commercial:

-- 10 new commercial enquiries have been received by the Company in Q1/early Q2 2020 and full detailed commercial offers, with an aggregate potential sales value of c.EUR120 million, were made by the Company during that period.

-- EQTEC has progressed discussions with a European Infrastructure Operator of district heating and waste to energy and, together, the parties have selected three potential projects for financial due diligence, which has already commenced. Once completed, the intention is to develop the projects together under a new framework collaboration agreement.

David Palumbo, CEO of EQTEC, commented :

"I am pleased with the ongoing progress that EQTEC has made during this challenging time. As we approach H2 2020, we continue to focus on executing our strategy with special emphasis in seeking strategic partnerships to enhance our portfolio opportunities. We are already experiencing an increase in the number of large operators that are engaging in conversations with us regarding collaboration opportunities. We believe the coronavirus pandemic may influence the pace and nature of climate action positively and we will be ready to seize inspiring and fruitful new partnerships to apply our solutions."

[tenapen] 28/5/2020 19:00

Yep, unless it offensive No post should be 'moderated'. How can investors have confidence that the thread starter is not hiding something.
I've always read bavidblacks posts, all the way back to him having his own mining company listed on Ofex.

Please return the posts so we can see what he had written. Thanks.

[neilyb675] 28/5/2020 18:53

where did Davidblack post go...?

[gspanner] 28/5/2020 18:07

Sharetalk, much as I have no knowledge of a previous history between you, I saw nothing in David’s post that was offensive - just that we had all been played a little by the morning trades and that a seller remains.

There are many negative posters with clear agenda to drive the price down to buy lower - I didn’t see that above.

Anyhow it remains your decision.

Gsp

[royalalbert] 28/5/2020 15:03

Even better start of 2014 above 30p.

[royalalbert] 28/5/2020 15:01

LoL, like that.

[city chappy] 28/5/2020 15:00

Would be nice to get back above the 2017 level of 8.5p.

[volsung] 28/5/2020 13:50

Would be nice to leave 0.25p behind

[neilyb675] 28/5/2020 13:40

buys are at 0.204.

Pretty sure that when the seller has finished these will swiftly re-rate to something like 0.30 region.

Now is most definitely the time to buy /add.

[royalalbert] 28/5/2020 13:35

Beggars belief really.

[tell sid] 28/5/2020 13:32

Align suggest EQT will make £5m profit next year, even before the extra 10 commercial enquiries of the recent months or the increase in number of the Greece projects. Market cap 20x Yr 2020 £5m profit would be £100m and share price around 2.5p

Cheap when you consider PHE would be £94m Enterprise Value (market capitalisation) after their 60:40 share issue base on their share price earlier today, even without any profits and never having built a commercial system.

[davidblack] 28/5/2020 13:14

What might be the catalyst for the market waking up to the virtues of ETQ then?

[sharetalk] 28/5/2020 13:03

Looks like Billingham is going ahead subject to funding (worth £40m revenue to EQT), EQT received another EUR 770k payment this month for Northfork (USA), the number of Greece/Balkan projects have increased from 11 to 13, and they received another 10 commercial enquiries in the last few months potentially worth another EUR 120m.

[tell sid] 28/5/2020 12:51

Comparison of EQT with PHE shows just how much EQT are currently undervalued and its multi-bagger potential:

EQT @ 0.20p = £8.08m market cap

PHE @ 2.6p = £56.89m market cap (before proposed 60:40 share issue to buy W2T)
PHE @ 2.6p = £94.81m market cap (after proposed 60:40 share issue to buy W2T)

Parity of EQT with PHE:

EQT £56.89 market cap = 1.408p = 7.04x bagger
EQT £94.81m market cap = 2.346p = 11.73x bagger

[wilsonst1] 28/5/2020 11:34

Small mention in U.K. investor Magazine.

[wilsonst1] 28/5/2020 11:33

https://t.co/KFGkOdhgO4

[gspanner] 28/5/2020 11:17

Yes seems to work from my iPhone...

[gspanner] 28/5/2020 11:16

Is the link to the latest video, will post and see if it still works, sorry if not.

[davidblack] 28/5/2020 11:01

Many thanks and whilst I have your attention does anyone have a link to the definitive presentation that lays out the story.

I am aware of the promise of the fundamental technology from the late 1990s but the issue there was always dioxin residues and burning heat which then lead to “Not in my backyard” planning concerns.

But with the relentless growth in waste and cost of landfill this technology was always going to be needed. Hopefully it’s now here?

The upside from land fill tax, access, clean water issues and the politics of waste alone are a huge technology driver along as the science delivers.