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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eqtec Plc | LSE:EQT | London | Ordinary Share | IE00BH3XCL94 | ORD EUR0.001 (CDI) |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
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0.03 | 0.035 | 0.0325 | 0.0325 | 0.0325 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electric Services | EUR 7.97M | EUR -10.53M | EUR -0.0009 | -0.33 | 3.46M |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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17:06:51 | O | 521,740 | 0.0325 | GBX |
Date | Time | Source | Headline |
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07/12/2023 | 15:31 | ALNC | ![]() |
07/12/2023 | 07:00 | UKREG | EQTEC PLC Equipment Supply Agreement for Plant in USA |
29/11/2023 | 14:28 | ALNC | ![]() |
29/11/2023 | 07:00 | UKREG | EQTEC PLC Technical Services Agreement for Plant in USA |
28/11/2023 | 14:29 | ALNC | ![]() |
28/11/2023 | 07:00 | RNSNON | EQTEC PLC Achievement of ISO certifications |
27/11/2023 | 11:25 | ALNC | ![]() |
27/11/2023 | 07:00 | UKREG | EQTEC PLC Collaboration Framework Agreement |
24/11/2023 | 07:00 | UKREG | EQTEC PLC Notice of EGM |
20/11/2023 | 18:23 | ALNC | ![]() |
Eqtec (EQT) Share Charts1 Year Eqtec Chart |
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1 Month Eqtec Chart |
Intraday Eqtec Chart |
Date | Time | Title | Posts |
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07/12/2023 | 07:13 | EQT: A green revolution (waste gasification to energy) | 4,811 |
01/12/2023 | 08:19 | Eqtec:lots in the pipeline, just someone needs to turn the tap on | 212 |
15/2/2023 | 07:36 | DANGER SCAM LIAR LOL | 70 |
01/11/2021 | 16:25 | EQTEC - Waste Gasification to Energy | 3,927 |
04/7/2021 | 07:40 | EQTEC PLC synthetic gas power generation plants 2020 | 46 |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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2023-12-07 17:06:51 | 0.03 | 521,740 | 169.57 | O |
2023-12-07 15:49:28 | 0.03 | 2,500,000 | 755.00 | O |
2023-12-07 15:46:08 | 0.03 | 2,000,000 | 648.00 | O |
2023-12-07 15:46:01 | 0.03 | 1,230,379 | 370.34 | O |
2023-12-07 15:32:35 | 0.03 | 2,000,000 | 650.00 | O |
Top Posts |
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Posted at 28/11/2023 14:23 by bloodhair Share consolidation. Just received this from Jarvis"We are writing to advise that the Company EQTEC PLC ORD EUR0.001 (CDI) has recently announced a Corporate Action. The result will be that your existing holding will be removed and replaced by 1 share in EQTEC PLC EUR0.01 for every 100 shares of EQTEC PLC ORD EUR0.001 (CDI), this is expected to happen on 19 Dec 2023....." |
Posted at 20/11/2023 21:09 by stevea171 Following the Interim results on 28/9 the 4 directors here purchased non consequential amounts of shares at prices between .074p and .06p presumably in an attempt to prop up the share price and entice PI's to follow them in to what must be a good thing at a cheap price. It can now be seen this was a false steer.Now we know some weeks later is that at the same time as these share purchases they were putting together this financial reorg package announced today which indicates yet a further slide in the company's finances and prospects. The company treats PI's as suckers as we have seen before with no warnings of any of the cash raises or loan agreements that have diluted investors to almost nothing. |
Posted at 24/9/2023 09:02 by stevea171 Will we find out any more about another recently admitted EQT screw up next week in the Interims?Italia MDC. We understood there was to be a refi allowing the original investors incl EQT (20%) to take some or all of their capital out and easing their cash flow problems. But we find out in the RNS text of 4/9/23 that none of this is happening. Instead the Italia MDC has been offered a loan of EU2.9 million under certain conditions which may or may not be fulfilled in Q4 with Eqtec, the company, getting nothing. How much debt has the MDC racked up already (financed by EQT?) to be included in H1 results? It is expected that the loan requirement in Q4 will be EU2.9 million as this full amount is to be drawn down and an EQT bridging loan? repaid. These will be the estimated losses and capex of the Italia MDC to the date of the loan draw down. |
Posted at 21/9/2023 17:37 by stevea171 This court action by EQT will be defended and could take 6-12 months to be heard?A statement from Logik Developments said: “At present, no such claim has been served on either Logik Developments Limited or Logik WTE Limited and we cannot, therefore, comment on the precise nature of EQTEC’s claim. “It is correct that we have been in discussions with EQTEC in recent months about their alleged claims and such discussions have been conducted through legal channels via our respective solicitors. “We note from EQTEC’s announcement that the total amount claimed is circa £4m. This is surprising to us given that all pre-action correspondence to date has been limited in value to claims amounting to circa £2.9m. It therefore appears that EQTEC have acted prematurely in issuing Court proceedings against Logik in circumstances where they have not provided any details about the balance of their alleged claim (totaling £1.1m) as they are specifically required to do as part of any legal process before Court proceedings are issued.” The statement added: “We refute EQTEC’s allegations entirely and in the event that any claim is served on Logik, this will be defended to the fullest extent. “We also note that EQTEC claim that they have made numerous attempts to engage with us towards a resolution of these matters more recently through legal counsel. EQTEC also claim that we have rejected invitations to work through the issues constructively or failed to follow through on an agreement to meet with them. “This is, quite simply, incorrect and as part of the recent correspondence passing between our respective solicitors, it was actually us who offered to meet with EQTEC’s representatives to try and engage in commercial discussions with them in an attempt to resolve matters; however no response at all has been received from EQTEC or their solicitors to this offer of a meeting and that was where matters stood prior to EQTEC’s recent announcement that it has issued a claim against Logik. “In the event that EQTEC consider that they have a claim against Logik for any alleged breach of the SPA or the Deeside Project, then that is a matter for them and this will present them with a damages claim; however, as explained, we refute EQTEC’s allegations entirely and consider that there is no legal basis to their claims. We will have no hesitation in defending our position through the Courts if that is what is ultimately required.” |
Posted at 04/9/2023 14:30 by stevea171 Today's RNS headlines:EQTEC PLC Bank Refinance of Italy Market Development Centre MetalNRG PLC Bank Refinance of Italy waste to energy plant Are these not 2 cases of misleading/lying headlines? We understood there was to be a refi allowing the original investors incl EQT (20%) to take some or all of their capital out and easing their cash flow problems. But we find out in the text that none of this is happening. Instead the Italia MDC has been offered a loan of EU2.9 million under certain conditions which may or may not be fulfilled in Q4 with Eqtec, the company, getting nothing. How much debt has the MDC racked up already (financed by EQT?) to be included in H1 results and FY results? It is expected that the loan requirement in Q4 will be EU2.9 million as this full amount is to be drawn down immediately and an EQT bridging loan? repaid. These will be the estimated losses and capex of the Italia MDC to the date of the loan draw down. Is EQT expecting another cash raise to cover this loan to the MDC in the next 3 months and not telling us as usual with all the other cash raises/loans in the past 18 months or so? This is yet another MAJOR screw up that has been hidden up to now with only a glimpse of disclosure in this RNS. |
Posted at 04/9/2023 11:11 by marktime1231 Despite the catty squabbling here, which I think is because Steve has about-faced from being stubbornly argumentatively defensively cloth-eared positive to negative, this rns does reveal that Italy MDC is not operating as intended. To be fair to Steve being positive became unsustainable and you are allowed to change your mind on the evidence, but as someone who was once on the receiving end of his snap I can understand it might grate on those who were suspicious all along. And on those who now are desperate for a revival, to be so negative all the time apparently long after divesting. At least we are getting a critical analysis of the bilge coming out of EQT pr team and what it really means. But, on balance, if that France funding is realised then EQTs future is brighter but then it could hardly have got any worse. Anyway ..."EQTEC Italia MDC S.r.l. ("Italia MDC"), the operating company for the Plant, is implementing a series of performance improvements anticipated to be completed in early Q4 2023, at which point, assuming the required performance criteria have been achieved, Italia MDC will draw down the amount of the full Facility. The Plant became operational in March 2023 and EQTEC completed handover protocols and transfer of plant operations to Italia MDC in June 2023. The Company remains actively involved with supporting Italia MDC in its endeavours to drive more productive and continual operations." The key word here is "continual". It doesn't work as a steady continuous automated process, there are interuptions or interventions necessary which means staff time which means unbudgeted costs. So Italy MDC might operate technically fine only in discrete batches, not according to the business plan, and will indeed be loss-making. It has been my guess all along that this involves the feedstock end of the process, or it could be residue glazing and contamination in the fluidised bed, something which has baffled every other group trying to integrate waste gasification plant, and something which has taken four or more years to try and resolve rather than the 1 year envisioned here. It would have been helpful to have provided some operating detail ... waste processed, net energy exported etc ... versus target. And financials, so revenues and costs against tonnes and kWh, in the kind of way material processors and energy companies give updates. I guess they are still working on how to report, not having had anything to say until now. No mention of the opportunity to sell off the black soot residue. I do not understand the financial consequence of this announcement on EQT itself. Someone in the meantime needs to be providing Italy MDC with operating cash flow, is that what EQT mean when they say they are providing support. And in the meantime presumably EQT is not receiving proceeds from a financial close or net income, clobbering the outlook. Given the parlous state of EQT and the rate at which it spends cash do we have another going concern and funding problem, or is that saved by the promise of funds from France? |
Posted at 01/8/2023 10:47 by mathieson84 From user TB on telegram (not me)....... Reply from Jeff. There is a little sleight of hand on the bit about shares issued due to low cap, but I'm generally pretty happy with the reply. Below: Hi, Tom. Thanks for your thoughtful note. I am pleased you attended the AGM. Did you attend in a group (as your note suggests you took the read of a number of people)? That would be very interesting! Regarding the LTIP, I fear there may again considerable misunderstanding and misinformation about this. Please consider: (1) We initiated this programme in 2021, as a replacement for arbitrary, unpredictable grants of warrants, etc., and we have granted no additional warrants to directors or employees since 2020; (2) the LTIP, which we reviewed and refined with PwC and our Nomad, is based on best practices applied at more mature companies to attract the right kind of talent and drive a culture of ownership, rather than employee-ship; (3) the amount of the grant is not arbitrary--it is based on remuneration figures set by contract with every employee--clearly, when the share price is low this has a disproportionate impact on the number of shares issued; (4) the numbers we announced are absolute maximum--to truly give out those share options, we would have to significantly outperform our targets for the year; in past years, we have not even hit target, never mind outperformed it; (5) the strike price should be a small premium--our advisors questioned why the relatively large premium and it was we Directors who insisted on sending the message that we should be well above the recent Placing price (last year's grant was also well above what advisors recommended); and (6) the timing was also not arbitrary--we could not do an April/May grant as we would have liked, as we needed to pass the AGM first, so we issued the grant afterward. The implications of these points seem to me to be: (1) shareholders should see this approach as allowing EQTEC to retain ONLY people willing to put their remuneration at risk to performance (and esp. in the case of Directors) and to have a portion of their remuneration payable in EQTEC shares--that should attract entrepreneurs, not desk-job employees; (2) shareholders should see this as a predictable, annual grant--no surprises with warrants or other vehicles practiced previously by EQTEC and often by other small companies; (3) shareholders should understand that we do not receive anywhere near full reward unless the company is receiving considerable reward--as I said in the AGM, we received zero of the performance-based component of the LTIP for 2022, as we were too far under target. What we must announce to the Market is set--not by us, but by regulation; but the reality of remuneration at EQTEC is that we are not thriving unless the company thrives. What I see people speculating about (and what the various AI engines publish) about our remuneration is laughable. I am making much less than I was making before EQTEC or could make in another company....but why would I? The future is bright for EQTEC and the process of building a company around our superior technology is a mission worth pursuing. I understand that shareholders do not have perfect information, nor is it possible for us to try to share that, but shareholders must disentangle two issues: trust in the management and EQTEC's remuneration model. The latter is standardised, mathematical and best practice (meaning more mature and professionalised than most other companies practice); the former is a matter of shareholder sentiment. If shareholders truly believe the EQTEC business strategy is misguided, that the Company is on the wrong track and that we Directors are plundering the Company's coffers for personal gain, then I would expect them to push very hard to have us exited quickly. But for what it's worth, we work seven days a week, through our own family holidays and with strong capability and dedication to EQTEC's success. |
Posted at 12/7/2023 10:49 by marktime1231 Eh?! So "it" does work then ... at least the EQTec gasifier plant does to the satisfaction of Idex, but what about the end-to-end process? Is that demonstrated by Italy MDC?" The project will see the replacement of core technology and relevant ancillary equipment at an existing plant originally developed by Group Bonnefoy at its stone quarry site located at Villers-sous-Montron The Company on 14 March 2021 announced its intention to acquire, upgrade and recommission the 6.5 MWe plant, replacing the failed gasification technology with EQTEC technology. On 07 September 2022, the acquisition was approved and finalised by France's Ministère de l'Économie, des Finances et de l'Industrie (MINEFI). It is the Company's intention that the France MDC process diverse feedstock, with a combination of wood, contaminated wood and RDF and is expected to be France's largest ever gasification project for combined heat and power. " Imagining this to be a turning point for a moment. The sale of France MDC and any milestone payments (fat chance! Let's note now the plan to commission Q1 2025 and watch what happens) are trivial compared to someone else eg Idex paying E15M over three financial years to EQTec to build/acquire, install and integrate the plant. EQTec gets real cash flow and someone else is taking most of the risk if it doesn't operate successfully or gets delayed or costs run up etc. If we can believe in this, this sort of deal is exactly what we wanted EQTec to be doing with major partners in the UK two and three years ago. Worth a better response than a recovery to 0.18p from 0.14p you would think, compared to late 2021 price ranging around 1.25p. Can we believe this, eyebrows raised? Never mind the blah about this being the start of other opportunities, and why has this leap-frogged Limoges ... converting an existing site versus original development perhaps? |
Posted at 14/5/2023 18:33 by stevea171 Anaergia. Following on from announcing a FY22 loss of C$75 million a month ago has now announced on Friday a further loss of C$11.3 million for Q1/23 and reduced guidance for FY23 as follows:.................... Revenue (C$ millions)...... 280 - 340 180 - 220 Adjusted EBITDA (C$ millions) 25 - 35 (10) - 10 It seems the company has been suffering from the same hubris that we saw from EQT last year. Their share price has dived by 95% since listing 2 years ago. Also now there is a strategic review that means that they will not be funding EQT's Deeside or Southport Stage 1 projects but will be seeking financial partners "who will fund all or the majority of the equity in the projects." This is likely to delay/complicate these 2 UK projects moving forward. "Business Update Given the Company’s business and financial results, and the current share price, management is taking the following near-term actions in 2023 as part of a business reset: Strategic Shift to a Capital-Light Business Model: For all new BOO opportunities in the development pipeline, we plan to start construction with a financial partner who will fund all or the majority of the equity in the projects. With the strategic shift to a capital-light business model, Anaergia intends to recognize revenue and EBITDA from a development fee, capital sales and a long-term operation and maintenance contract with each future BOO opportunity. With this approach, Anaergia expects to reduce the capital burden and leverage its development, technical and operational skills to generate short-term cashflow. Margin Improvement: Enhance contractual requirements for margin protection in proforma reviews of business opportunities. Improve discipline in contracting and execution processes, including incorporation of enhanced third-party due diligence and improvements from past experience. Selling and General Administrative Expenses (“SG&AR Management will target reducing the SG&A by up to $10M from 2022 levels. Prudent Cash Management and Conservation: Management will target retaining a 12-month cash runway to eliminate liquidity concerns." |
Posted at 19/4/2023 10:15 by scrutable Neither this board nor the market seem to have properly registered that just two days ago, EQT chalked up the largest and financially most attractive project in its chequered history.The share price should have LEAPT on the news, not just ticked up two notches and thereafter fallen back to below the status ante quo. PLH(Poseidon) a consortium of global engineering project giants: Linde plc, Wood plc, Alfa Laval AB and Chemprod Srl, has, as lead integrator and developer identified and selected four, potential initial locations (the "Colibrì Plants") through engagement with the province of Cremona, northern Italy, · Each plant if developed, is expected to transform c. 100,000T/pa of mixed waste and biomass into RNG and other green biofuels; · EQTEC was selected to join the consortium as the exclusive syngas technology partner. · PLH is to be solely responsible for securing funding for the Colibri Projects with no contribution required from EQTEC - a pleasant surprise after all the tottering, uncompleted SPV's lined up for each previous EQT project. PLH is already in advanced discussions with a number of international banks, public funds and equity partners for funding of the pipeline. · The first project, in Corte dei Frati, is expected to reach full permitting for construction in 2023 and financial close in H1 2024. EQTEC intends to generate from the project engineering services, technology ,sales, licensing fees and other value added services There is no doubt in my mind that from this 'rebegining' EQT will take off, if at first slowly but now exponentially. The world is increasingly desperate to destroy rubbish: especially plastics and forestry/agricultura · |
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