Eqtec Share Price (EQT)

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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
  Price Change % Change Share Price Shares Traded Last Trade
  -0.04 -4.04% 0.95 45,775,997 15:18:24
Bid Price Offer Price High Price Low Price Open Price
0.93 0.97 0.95 0.93 0.935
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 1.43 -3.03 -0.08 65
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:39 O 1,250,000 0.95 GBX
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Sse (SSE), Future (FUTR), Ksk Power Ventur (KSK), Plutus Powergen (PPG)

Eqtec (EQT) Latest News

Eqtec News

Date Time Source Headline
01/12/202013:52ALNCUK EXECUTIVE CHANGE SUMMARY: EQTEC Confirms Ex-AB InBev Exec As COO
01/12/202007:00UKREGEQTEC PLC Appointment of Chief Operating Officer
30/11/202011:05UKREGEQTEC PLC Second Price Monitoring Extn
30/11/202011:00UKREGEQTEC PLC Price Monitoring Extension
23/11/202007:05UKREGEQTEC PLC Billingham Project MOU Extension
23/11/202007:00UKREGEQTEC PLC Notice of 2020 AGM
05/10/202018:23ALNCUK TRADING UPDATE SUMMARY: Staffline Pens New Deal, Extends Tesco Pact
05/10/202006:00RNSNONEQTEC PLC Technology & market review/Potential collaboration
28/9/202010:46ALNCIN BRIEF: EQTEC Loss Narrows Despite Revenue Falling By More Than Half
28/9/202006:00UKREGEQTEC PLC Interim Results
More Eqtec News
Eqtec Investors    Eqtec Takeover Rumours

Eqtec (EQT) Discussions and Chat

Eqtec Forums and Chat

Date Time Title Posts
04/12/202019:24EQTEC - Waste Gasification to Energy3,070
03/12/202014:34Eqtec - Just a baby BIFFA !368
25/11/202009:34DANGER SCAM LIAR LOL9
14/7/202006:38EQTEC PLC synthetic gas power generation plants 20205
01/7/202009:30EQTEC PLC - Energy Generation for the Future....1,788

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DateSubject
05/12/2020
08:20		Eqtec Daily Update: Eqtec Plc is listed in the Electricity sector of the London Stock Exchange with ticker EQT. The last closing price for Eqtec was 0.99p.
Eqtec Plc has a 4 week average price of 0.46p and a 12 week average price of 0.46p.
The 1 year high share price is 1.02p while the 1 year low share price is currently 0.12p.
There are currently 6,868,712,306 shares in issue and the average daily traded volume is 146,873,260 shares. The market capitalisation of Eqtec Plc is £65,252,766.91.
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30/11/2020
09:09		stevea171: EQT Tweet today: EQTEC plc (LSE:EQT) WASTE TO ENERGY MARKET OPPORTUNITY 𝐑𝐞𝐬𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐖𝐨𝐫𝐥 9837; 1,500 existing WtE Plants = c. €150Bn Serviceable Available Market (SAM) of c. €30Bn for EQTEC Assuming a SOM of only 1% = €300m in the next 10 years#Gasification #EfW #CleanEnergy #CircularEconomy hTTps://www.londonstockexchange.com/stock/EQT/eqtec-plc/our-story
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27/11/2020
08:18		stevea171: From LSE. EQT Summary: £10m cash raise completed in July. This compliments other revenues being generated during different stages of plant design and construction as well as maintenance and operation fees which are continually being produced at all online power plants. Share price dropped earlier in the year as a large investor was selling out for whatever reason, nothing to do with the fundamentals, some just need the cash at different times we can only assume. Upcoming price moving news expected is news on large Billingham deal with capex of £140million. Other news due this quarter is the settlement of a legal case in the USA over claimed patent infringement against EQT which is believed to be an opportunistic lawsuit with little merit due to EQT having prior art and historic use of gasifiers pre-dating the patent filing. This only affects USA business which is a small percentage of the portfolio. Most recent research note with 1.39p price prediction - this was produced after legal case and after the £10m raise but before other positive news including singing of Greek contract amongst other news. hxxp://www.alignresearch.co.uk/cpt-company/eqtec 47 page research note - price prediction of over 2p now out of date but the information remains valid. hxxps://research.arden-partners.com//view_repos/_7b492cb8-2c31-4893-9545-55e215f40c12.pdf Video presentation with slides - very informative on company's corporate strategy hxxps://dt9xom8irs6kr.cloudfront.net/u238195/144695-2877389305321170519.mp4 Institutional investors onboard see below [...] Proactive video with CEO David P hxxps://youtu.be/GzO_SQwBtag Progress nicely summarised by user lunsam https://twitter.com/lunsam96/status/1296399375992852481?s=21
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26/11/2020
14:46		stevea171: "Sustainable technologies are developing so rapidly it is hard to know which to back: EQTEC might perhaps be best viewed as one of a cluster of green prospects worth taking a chance on. With a share price that has been hovering around 0.5p for the past two years, the company remains an affordable option." Eqtec PLC BY TMS REACH on 11/11/2020 Justin Reynolds Is the Green eyed monster in Eqtec about to be let loose? “…EQTEC might perhaps be best viewed as one of a cluster of green prospects worth taking a chance on. With a share price that has been hovering around 0.5p for the past two years, #EQT remains an affordable option…” Chen Qiufan’s popular 2019 science fiction novel Waste Tide tells the story of Silicon Isle, a Chinese peninsula turned into a sprawling rubbish tip where the polyester-filmed water runs dark green and the skies are blackened with smoke and ashes rising from burning plastic and acid baths. The book carries an additional charge because Qiufan’s Silicon Isle is a real place: the town of Guiyu, the largest e-waste site in the world, the destination for much of the two billion tonnes of waste the world generates each year. China has introduced tough restrictions on the import of waste, presenting the rest of the world with another environmental challenge to add to all the others: just what to do with the vast amount of waste we generate. Turning waste into energy Waste-to-energy technology seems to offer an elegant way forward, allowing a wide range of rubbish to be processed for energy that can feed back into the grid. It’s a market that’s growing by some 6pc a year as the global economy ramps up its move towards more sustainable modes of production. EQTEC (AIM: EQT) is one waste-to-energy pioneer positioned to take advantage. Led by Chief Executive Officer, David Palumbo, a founder of investment firm Origen Capital, and with a board including Non-Executive Chairman Ian Pearson, a Minister of State for Climate Change and the Environment under Tony Blair’s governments, the company designs and supplies an ‘Advanced Gasification Technology’ able to process more than 50 different types of feedstock to produce a high-quality synthesis gas called ‘syngas’. EQTEC sells its gasification reactors and engineering and design services to energy producers, local authorities and governments across the world. The basic principles of gasification are well established: the process has been around for more than two centuries, often used, for example to make hydrogen from natural gas and methanol from coal. EQTEC’s 21st century technique employs a ‘fluidised bed reactor’ to apply heat, oxygen and pressure to feedstocks to transform them into a composite gas of sufficient purity for industrial use. EQTEC’s technology works with materials including olive stones, nut shells, straw, grape bagasse, wood chips, sawdust, pine cones, forestry clippings, lignite, sludge, rubber, demolition rubble, plastics, and plain municipal solid waste (known in the industry as refuse-derived fuel). Syngas can be turned into a synthetic natural gas through the addition of methane, and then injected directly into the electricity grid. Or it can be converted into hydrogen or biofuel, making it suitable for a range of emerging green technologies, including vehicles and power generators that run on fuel cells. The gasification process produces biochar as a by product, which can be used to nurture rich soils less dependent on artificial fertilisers and more able to absorb greenhouse gases. EQTEC says gasification represents a significant advance on the most prevalent form of waste-to-energy process, combustion, through which feedstocks are simply burnt. Combustion produces carbon emissions, and fly ash carrying toxins which must be removed through expensive filters. Gasification does produce some carbon – the process can’t work without it – but only a third of that created by incineration, and it generates no fly ash or other pollutants. From concept to commerce Despite these advantages gasification has still to overtake combustion as the most common waste-to-energy system. Producing a clean synthesised gas from a variety of waste materials is an emerging technology that has been hard to scale up and roll out at a sufficiently competitive price. Biomass is a much more diffuse feedstock than natural gas or coal, and the purification process adds a layer of complexity. Many gasification plants still sell their produce at a premium. These commercial difficulties were highlighted here in the UK four years ago when a large gasification project at Billingham, designed to convert virtually all of the municipal refuse produced in the city of Hull into synthetic gas, collapsed just weeks before completion, with the loss of 700 jobs. EQTEC’s answer is to ensure each gasification project is carefully optimised for the intended feedstock and application of the syngas produced. The company’s reactor technology is designed to be modular, comprised of components that can be mixed and matched according to the nature of each project. This allows for relatively quick, low-risk construction and commissioning of plants that can scale from 1 to 25 MWe (megawatt electrical). The company’s philosophy is exemplifed by its plant in Movialsa, Spain, which was originally designed to process local grape bagasse, and now takes olive pomace – a byproduct of local olive oil production. The resulting syngas is converted into electricity that powers the plant and is sold on to Spain’s electricity grid. The plant has operated successfully for more than nine years with a capacity of 6 MWe. EQTEC is building another plant at North Fork, California, tailored for the processing of local forestry waste, and has plans for a plant in Greece that will use the agricultural residue of the three crops harvested during the year: wheat, corn and cotton. The company has also entered into a memorandum of understanding with two partners, COBRA and Scott Brothers Enterprises, to take forward a variant of the abandoned Billingham project. The plan is to develop a 25 MWe plant capable of processing 200 000 tonnes each year of fuel derived from municipal waste, worth some £150 million to £180 million. Next steps EQTEC’s most recent interim results, published in September, set out ambitious plans for the future. The company is currently assessing more than 40 tender opportunities, and has sent commercial offers to potential partners worth €205 million. A contract has been signed for equipment sales and services worth €2 million for a gasification project in Greece; a partnership with German energy company ewerGy is opening opportunities in the Balkans; a partnership has been forged with the Carbon Sole Group for three biogas projects in Ireland; a recycling project is planned in Wales; an agreement has been secured for a waste management project in Southport; and opportunities are being pursued in South Korea, Japan, Indonesia and Malaysia. The company has commissioned the Wood Group to identify and review additional prospects. EQTEC faces the same challenge as other gasification enterprises: turning its technology into a sustainable commercial venture. The company’s interim results announced revenue for the six months to 30 June 2020 of €0.77 million, as compared to €1.56 million for the same period the previous year, and operating losses of €1.3 million, as compared with €1.1 million. EQTEC’s cash balance to 30 June stood at €1.7 million, though a subsequent fundraise this July brought in another £10 million. Part of the Green Deal? Gasification is another of the emergent technologies covered on TMS that impact investors should keep an eye on. The technology is fighting to establish itself, but seems well placed to benefit from the various green stimulus packages being rolled out by governments across the world, and, here in the Europe, the EU’s Green Deal: last December the European Commission stated its intention to ‘exclude incineration from its list of activities that advance climate change mitigation’, suggesting that gasification may receive new support. The EU is already committed to boosting hydrogen. Sustainable technologies are developing so rapidly it is hard to know which to back: EQTEC might perhaps be best viewed as one of a cluster of green prospects worth taking a chance on. With a share price that has been hovering around 0.5p for the past two years, the company remains an affordable option. Below, EQTEC’s David Palumbo updates Proactive UK on the recent £10mln institutional fundraise and development plans ; hTTps://total-market-solutions.com/2020/11/11/eqtec-plc/
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25/11/2020
16:05		stevea171: From LSE: Personally riding the ebbs and flows are pretty tricky but i would not take too long DM as by the time news breaks you might well be buying back in quite far ahead of today, which i know from personal experience is pretty annoying. Eqtec has simply the best business model i have come across in cleantech and as long as they close these deals (looking more and more probable by the day) Eqtec could become a major utility player in the medium-term and guess what utility companies are worth with reliable income streams? Also if Eqtec can deliver then there is a wall of cash mandated only for green investment as green funds are mushrooming and government funding is spilling over to drive the green revolution. We have an incredible once in a lifetime opportunity to get in early with Eqtec. Billingham alone will be worth more than the market cap today. We know Eqtec does not find trouble finding deals as essentially Eqtec do everything from planning through to grid power connection so partners are just cash investors. I think Eqtec will be fending off approaches but i think Palumbo will be looking to reach a £1bn target valuation as that is where major infrastructure and other buyers have a minimum spend. If we get the 1/2/3 RNS over coming few months we could be 2-3x todays price. Profits this year also look very exciting and we have not even closed the juicy deals on the horizon. one thing i would say is Eqtecs model will need a lot of money so we will see how much they can reinvest profits and borrow and how much from placings but the ROCE on these projects are very attractive for any form of borrowing/placing.
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25/11/2020
11:45		scrutable: The share price graph looks to me to be reset to rise to at least its previous high of 0.9p. and then beyond to brokers' forecasts of 2.0p and higher. The impetus comes from realisation that the giant Billingham project is spurred by, and is coming together at last by the time of the AGM (on 18th December) and will be followed thereafter by multiple single projects in California, and the north of England, and by framework agreements already in place across parts of Europe. CEO David Palumbo's brilliant business model of accelerating corporate client decision making by reducing risk: bringing together local investors in SPVs (Special Purpose Vehicles), dangling technology risk insurance, and introducing local banking finance; then taking an option to acquire a share of the ownership (and profit) is innovative, elegant, shortens endless reasons for procrastination, and increases the profitability of each deal. There is a mass of information in the header. No reason therefore for anyone not to be aware of the value of future business already contracted for and the much larger amount in serious negotiation. Admitedly the contracts are confusing to a lay investor but it is helpful IMO now to re-read seriously both: the Arden brokers'note of June 2020: hTTps://research.arden-partners.com//view_repos/_7b492cb8-2c31-4893-9545-55e215f40c12.pdf and the confirming Align research paper in July http://www.alignresearch.co.uk/cpt-company/eqtec/ The Covid situation has focussed practical interest on all the many alternate energy solutions available and Governments in most advanced economies are finally planning practical measures to counter global warming after 20 years of prevarication ie: uselessly kicking the can down the road. The public has re-discovered clear blue skies. It has been so easy, in the past, to find large holes in the ground in deprived post industrial neighbourhoods to tip our rubbish and when that had reached the limits of unacceptability exported the nuisance out-of-sight to poorer countries in Asia used to wading through urban rubbish. But no longer. It has been humiliating to have that same rubbish re-exported ie 'returned to sender' EQT's gasification solutions have been ignored for a good 10 years but have suddenly become visible and 500 ++ incinerator plants stand out across Europe alone, as being due for replacement with a process free of pollution by toxic PCBs and heavy metals. EQT's capitalisation and potential profitability stand out by comparison with ITM, which is at least x5 times higher. US Alternate Energy shares, all loss making, surged 30%-50% higher this week. EQT is a best buy today
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11/11/2020
07:20		burtond1: Is the Green eyed monster in Eqtec about to be let loose? "...EQTEC might perhaps be best viewed as one of a cluster of green prospects worth taking a chance on. With a share price that has been hovering around 0.5p for the past two years, #EQT remains an affordable option..."https://total-market-solutions.com/2020/11/11/eqtec-plc/
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10/11/2020
16:57		tenapen: This share price is going no where until the US court case is sorted. If EQT win the share price will rise. If EQT loose it will be game over IMHO. You pays your money and take your chances.
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05/10/2020
06:28		stevea171: RNS Number : 0253B 5 October 2020 EQTEC PLC AWARD TO WOOD FOR AN INDEPENDENT TECHNOLOGY AND MARKET REVIEW HEADS OF TERMS FOR A POTENTIAL STRATEGIC COLLABORATION EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for waste-to-energy projects, is pleased to announce that, following a comprehensive tendering process, it has awarded an independent technology and market review to Wood Group UK Limited ("Wood"). The Company has also signed non-binding heads of terms with Wood and Deltasource (Middle East Branch) ("DS MENA") (the "Heads of Terms"), with the intent of entering into a non-exclusive strategic collaboration to help ensure the effective deployment of EQTEC technology into the global energy-to-waste sector. EQTEC has selected DS MENA, an integrated investor and multi-discipline advisory partner engaged in the capital development and operation of energy assets, to provide an effective tripartite approach, jointly with EQTEC and Wood, to source, develop, structure and de-risk future potential projects using EQTEC's technology. Highlights · Following a comprehensive tendering process with many of the leading global engineering players, EQTEC has awarded Wood, a global engineering and consultancy company, a contract for an independent technology review and market review. · The scope of work for Wood comprises an independent review of EQTEC's advanced gasification technology with key focus on the Group's 6 MW power plant in Movialsa, Spain, that has continued to operate successfully for over nine years with over 125,000 independently audited hours of operation, and its application to a wide range of mixed waste fuels. In conjunction, Wood will also be completing a market review, assessing the potential for the effective market penetration of EQTEC's waste gasification technology solutions considering waste type, availability, regional policies and regulations and capital cost comparisons. These two reviews are expected to be completed during Q4 2020 and the Company will make a further announcement at the appropriate time. · Pursuant to the Heads of Terms, EQTEC, Wood and DS MENA have agreed to enter into discussions scoping the details of the potential agreement to collaborate in a structured manner and share potential benefits as new developer consortiums progress technical feasibility studies through to full project definition, final investment decision, and start up. · EQTEC has an evolving business model that targets making effective use of this type of collaborative agreement, which helps to maintain a low internal cost base and a success-based collaboration that harnesses local and sector expertise and global reach and aligns interests to help ensure maximum value is delivered. · EQTEC expects that a collaborative agreement such as the one envisaged would help ensure that the Group will be in a strengthened position for entering potential future projects at the equity level with an enhanced knowledge of the financial and non-financial risks of each potential project and the return on equity expectations for EQTEC shareholders and wider stakeholders. · Wood has a long standing waste-to-energy capability and will develop clarity of potential applications of EQTEC's technology. Engagement with EQTEC and other technology companies allows Wood's experts to be better informed when engaging with clients, while supporting the development of technologies and projects which will drive the energy transition. · The team at DS MENA brings deep knowledge of the full spectrum of elements that impact the commercial, funding and execution ability of energy project developments that embrace the transition to a cleaner, lower carbon and more sustainable energy economy. DS MENA is also expected to provide an efficient channel for Middle East project opportunities and local partnerships through one of its local associated companies, DS MENA LLC. David Palumbo, CEO of EQTEC, commented: "I am delighted that EQTEC has appointed industry leader Wood to complete the independent technology and market review and signed a heads of terms to explore the potential for future collaboration, to help to accelerate bringing EQTEC's advanced gasification technology to waste to energy projects across the globe. Through partnerships like these, EQTEC would be efficiently leveraging one of the largest and most respected global engineering players to improve significantly the knowledge and exposure of EQTEC's technology to international businesses and accelerate the global growth of its short and longer term pipeline of opportunities." Carl Sykes, Energy Transition Director for Deltasource (Middle East Branch), commented: "The award of this scope to Wood is the first step in an intended collaboration process that is expected to move significantly the dial with respect to the conversion of potential projects to profitable energy-to-waste assets in an environmentally friendly way. As specialist investors in and advisors to the natural resource and energy sectors, we are highly sensitive to the various factors that underpin an investable project, a robust plan, a predicable execution and safe, low carbon, sustainable and profitable asset operation. We will also bring intimate knowledge of the Middle East landscape and local energy market dynamics."
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17/9/2020
11:21		stevea171: Billingham state of project comments in the Annual Report, 12/6/2020. Conditional MOU signed with COBRA Instalaciones Y Servicios and Scott Bros. Enterprises Limited to jointly develop the proposed 25MW Billingham Energy waste gasification and power plant. Subsequently agreed an extension to the MOU, and opened discussions with potential co-developers and funders. EQTEC has instructed the work to provide a full quotation for the grid connection, paid the initial deposit and initiated technical due diligence with funders and insurance providers. 28/5/2020: Grid connection quote received by EQT & assessment + design fees paid. Project finance term sheet received, signed by EQT & being assessed by consortium of potential equity investors. Funding structure is senior debt + mezzanine tranches, & requires consortium equity contribution of 10% total project CAPEX estimated at £170m*. Technology Warranty Insurance Policy offered by international underwriter in-line with EQT expectations, to be offered to funders & EPC contractor within project structure. *Thus worth approx £42.5m (25% of £170m) to EQT for construction, + other ongoing O&M revenues approx £1m to £2m pa to EQT. So EQT could receive: £42.5m upfront for construction + another £20m to £50m (£1m to £2m pa) over 20 to 25 years for O&M = £62.5m to £92.5m to EQT in total, just for Billingham.
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07/9/2020
14:10		stevea171: EQTEC – FURTHER ADDITION TO THE PROJECT PIPELINE September 7, 2020 Valuation 1.39p – 140% higher than the current price. ASSESSMENT Yet another statement from EQTEC which goes to show that waste to energy projects are keen to use its technology solutions to run and improve the expected performance of their plants. It follows on from a similar agreement back in July for the Deeside RDF project whereby the company entered into an agreement to potentially acquire the project SPV and also apply its technology to significantly improve project economics and environmental impacts. Again, we do not include the latest project into our forecast figures as our model assumes that revenues are earned for services only and not via the acquisition of specific projects. However, project acquisition is an avenue the company is increasingly exploring and should this deal go through it will significantly positively impact the company’s financials. Surprisingly, shares in EQTEC have slipped slightly on this statement, despite the company further demonstrating it has commercial projects in advanced stages of development. At the current price of 0.58p (down from a recent high of 0.825p seen in June) the company is capitalised at just over £40 million. On 16th July we updated coverage on EQTEC, forming a new financial model based on the increasing pipeline of commercial opportunities that the company has built up over the course of the year. At the top line, we expect revenues to grow markedly over the next 3 financial years as EQTEC delivers on its project pipeline. Net profits are forecast at €5.3 million in 2021, rising to €8.6 million in 2022. We consider a multiple of 15 times earnings to be a justifiable figure to use for our valuation, which applied to our 2022 forecasts and discounted back to end June 2020 at a rate of 12% derives a price per share of 1.39p – 140% higher than the current price. While project delays are perhaps the key risk to our figures being met, further opportunities like ones at Deeside and Southport demonstrate that there is also the potential for our forecast figures to be increased. We retain our stance of Conviction Buy. hTTp://www.alignresearch.co.uk/eqtec/eqtec-further-addition-to-the-project-pipeline/
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