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 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.075 15.0% 0.575 29,541,553 14:21:02
Bid Price Offer Price High Price Low Price Open Price
0.55 0.60 0.575 0.50 0.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 7.71 -3.95 -0.08 49
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:55 O 174,079 0.575 GBX
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Eqtec (EQT) Latest News (1)

Eqtec News

Date Time Source Headline
01/7/202216:35UKREGEQTEC PLC Price Monitoring Extension
30/6/202220:21ALNCTRADING UPDATES: Riverstone launches buyback; Anglo Asian Mining loans
30/6/202207:05UKREGEQTEC PLC Wood Selected for Waste-to-Hydrogen at Southport
30/6/202207:00UKREGEQTEC PLC Deeside Project Update and Extension to SPA
24/6/202212:15ALNCIN BRIEF: Eqtec signs deal with Anaergia to build waste-to-energy plant
24/6/202210:32UKREGEQTEC PLC Collaboration with Anaergia for Southport Project
23/6/202216:40UKREGEQTEC PLC Second Price Monitoring Extn
23/6/202216:36UKREGEQTEC PLC Price Monitoring Extension
21/6/202222:13ALNCTRADING UPDATES: Coca-Cola HBC and Pendragon shareholders show ire
21/6/202207:00UKREGEQTEC PLC Bank loan term sheet and Livadia project update
More Eqtec News
Eqtec Investors    Eqtec Takeover Rumours

Eqtec (EQT) Discussions and Chat

Eqtec Forums and Chat

Date Time Title Posts
01/7/202216:37EQT: A green revolution (waste gasification to energy)2,603
22/6/202211:56Eqtec:lots in the pipeline, just someone needs to turn the tap on153
25/1/202208:34DANGER SCAM LIAR LOL67
01/11/202116:25EQTEC - Waste Gasification to Energy3,927
04/7/202108:40EQTEC PLC synthetic gas power generation plants 202046

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DateSubject
01/7/2022
09:20		Eqtec Daily Update: Eqtec Plc is listed in the Alternative Energy sector of the London Stock Exchange with ticker EQT. The last closing price for Eqtec was 0.50p.
Eqtec Plc has a 4 week average price of 0.45p and a 12 week average price of 0.45p.
The 1 year high share price is 1.55p while the 1 year low share price is currently 0.45p.
There are currently 8,563,424,926 shares in issue and the average daily traded volume is 26,520,797 shares. The market capitalisation of Eqtec Plc is £49,239,693.32.
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21/6/2022
09:28		stevea171: Livardia project moving ahead as previously reported in a press release. No specifics of the amounts for the build or in this Optima Bank transaction. Possible finance through the Recovery and Resilience Facility ("RRF") for Greece for this and EQT's other Greek projects. EQTEC PLC Bank loan term sheet and Livadia project update 21/06/2022 7:00am RNS Number : 5386P EQTEC Bank loan term sheet and eligibility for National Recovery and Resilience Plan for Livadia, Greece project EQTEC plc (AIM: EQT), a world-leading technology innovation company enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production, is pleased to announce receipt and acceptance of non-binding Heads of Terms ("HoTs") with Optima Bank S.A. ("Optima") for a debt facility (the "Facility") to support construction of a 1MWe waste-to-energy project at Livadia, in Boeotia, Greece ( the "Project") . Heads of terms The Facility proposed in the HoTs would provide senior debt up to 75% LTV of the total capital required for the Project. The HoTs were agreed between Optima and EQTEC Synergy Projects Limited ("Synergy Projects"), the Company's joint venture ("JV") with ewerGy GmbH ("ewerGy") and ECO Hellas M IKE ("ECO Hellas"), subject to Optima final credit approval. The balance of capital on the Project is currently held as equity by Synergy Projects, but the JV partners are in discussions with institutional funds focused on energy transition infrastructure, for the sale of project equity on Livadia and other projects in the broader portfolio they are jointly pursuing under the JV. The Project, originally announced by the Company in September 2021, will result in construction of a waste-to-energy gasification plant in Livadia, Boeotia, Greece (the "Plant") that, once operational, is expected to produce a minimum of 1MW green electricity from c. 7,500 tonnes of mixed agricultural waste from local farms. Toward full contract of the loan, Optima has selected TÜV HELLAS, a subsidiary of TÜV NORD ("TÜV"), to certify the Project and act as independent engineer. In its role, TÜV will assess the viability of the Project based on the site and plan, the development strategy, the technology and delivery risks. The work required for the execution of the loan is expected to be completed at the end of Q3 2022. Additional funding support Synergy Projects has appointed Grant Thornton Greece ("Grant Thornton") to help the Company and its partners with the implementation of the proposed investment plan of the Project to be financed through the Recovery and Resilience Facility ("RRF") for Greece. Grant Thornton will carry out the analysis of the investment strategy and the consistency with the objectives set by the Recovery and Resilience Mechanism, the analysis of key eligibility parameters of the RRF, support development of business plans, prepare requisite documentation, submit the investment file and monitor the application process. The RRF is part of a National Recovery and Resilience Plan, launched in Greece and other parts of Europe to mitigate the economic and social impacts of the coronavirus pandemic and make the economy and society more sustainable, resilient and better prepared for the challenges and opportunities of the green and digital transitions. Greece is aiming the RRF in part at increasing the share of renewables in the energy mix while reducing its traditional reliance on solid fossil fuels. Synergy Projects anticipates that all projects currently in its pipeline for Greece will qualify for funding under the RRF, making available low-cost subsidised debt for the projects. Optima has indicated interest in financing further projects developed by the JV under the RRF. David Palumbo, CEO of EQTEC, commented: " We are pleased and impressed with the persistent dedication of the Greek private and public sectors in supporting technology innovation for Net Zero energy solutions. Particularly as economies and societies struggle in the aftermath of the Covid pandemic, we are encouraged by this sort of support in favour of innovation that will transition communities away from fossil fuels by providing local, baseload energy from local waste. We see this business model gaining traction in so many of our target markets and look forward to accelerating its implementation across Greece and beyond."
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30/5/2022
07:01		skinny: https://uk.advfn.com/stock-market/london/eqtec-EQT/share-news/EQTEC-PLC-Positive-report-on-EQTEC-technology/88237625 The main conclusions from the Report are: -- EQTEC's Advanced Gasification Technology is effective for contaminated plastic waste gasification, providing very good conversion results in line with results obtained from traditional feedstocks such as biomass (from which commercial plants running EQTEC technology have delivered 90%+ operational availability); -- The calorific content of the syngas produced through EQTEC's technology from plastic-containing waste is much higher than that typically recorded for syngas produced from biomass feedstock; -- The tar content of the syngas produced through EQTEC's technology from plastic-containing waste is low, so that the syngas purity can support a wide range of advanced energy and biofuels applications; -- Throughout the test period, the composition of the syngas remained stable, with no incidence of feeding-in or other issues typical of plastics or refuse-derived fuel (RDF) gasification; -- Emissions from direct combustion of the syngas in a boiler and without the use of additional flue gas treatment are well below a wide range of regulatory limits for polycyclic aromatic hydrocarbons (PAH) (80% lower versus limits), dioxins and furans (70% lower) and metals (10 - 1,000 times lower), indicating that the EQTEC-patented conditioning treatments work well with complex feedstocks; and -- The duration of the tests, the syngas stability and the accuracy of the closing heat and mass balances were satisfactory, further validating the accuracy of EQTEC's proprietary simulation model, applied to the design of industrial-scale as well as small-scale installations.
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01/4/2022
10:32		stevea171: Deeside near term financial implications: EQT pays £2.3 million for 32% of the SPV (reduced from £3.3 million). Project company is sold for expected £15-17 million. Costs and liabilities deducted from sale price. £4 million share of the balance to EQT? EQT to then invoice £0-2 million for project development services depending on the sale price. So ahead of FC of Deeside EQT could come out ahead by approx £1.7 - £3.7 million NT. Note. These sums are in £stg whereas EQT accounts are in Euros. Arden Note this morning: Deeside project agreement signed. EQTEC has announced signature of an agreement with Deeside project partner LOGIK Developments, under terms varied from those announced in December 2021. Under the agreement, EQTEC will acquire 32% in the project company (LOGIK WTV) which holds the land and permissions for the Deeside RDF project for c.£2.3m (from £3.3m previously). EQTEC and LOGIK Developments will then seek a buyer for the project company (the idea being for EQTEC to benefit mainly from selling its technology and services into the project, as opposed to developing it itself), seeking a minimum valuation of £15m. Of the project sale company value, we would expect a portion to go to settle existing project company costs and liabilities, with the balance then split between the project partners, including EQTEC. Post sale of the project company, EQTEC will then look to invoice an additional up to £2m for its project development services to the project company (from £1.5m previously). If the sale value is £17m or higher, EQTEC can charge the whole £2m immediately. If it is between £17m and £15m, EQTEC can charge a portion of its development services fee equal to the sale amount over £15m, with the balance charged at project financial close. Were the sale value to be below £15m, EQTEC would charge its entire development services fee at financial close. If is helpful to see the agreement with LOGIK now signed, helping the project advance. Terms for EQTEC are also improved, based in part on a higher expected project sale valuation, which should help increase revenues and cash flows for the company once realised, and potentially bring these closer. In terms of the project itself, EPC company Black & Veatch has been appointed to conduct a peer review of the project. Progress has also been made with potential technology partners for the addition of syngas-to-hydrogen into the Deeside project – an important element designed to potentially capture additional margin but also to help demonstrate the flexibility of EQTEC’s syngas technology. Discussions with a variety of potential project company acquirors, including infrastructure investors and owner-operators, are also being progressed. This will be the key to reaching financial close for the project, and realising initial revenues for EQTEC. Overall, we see all of this as helpful progress on this important project for EQTEC, and await further news. No change to forecasts, our DCF-based valuation remains at 4.5p.
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29/3/2022
15:45		marktime1231: Well. I told you so. I told you. So. EQT were inevitably running out of money because they were continuing to spend and commit funds at an aggressive rate, and revenue was being delayed (electing to defer ... pah!), leading to a potential going concern where they might not be able to get through the year without running out of cash. As a result, and with the share price trailing well below the 1.5p when investors were last tapped, EQT have been forced to take an expensive unsecured convertible loan. I am going to call it an emergency loan because they have a cash flow emergency. It would be positive thinking to see this as a loan to bridge the gap to delayed (deferred - pah!) income, but before that leap of faith I would love to see the financial plan of what income is going to be received in the best and worst case in the next 12 months. Everything which sounds like good business development news is actually engaging EQT in the commitment and spend of more cash, so the share price was rising on apparently good news, back up over 1.1p, while the cash flow picture was getting worse. This loan is going to add a huge immediate monthly interest cost. £35K per month for the next 5 months, followed by additional capital repayment costs. Or. At best the lenders might choose to convert to shares, causing the equivalent of up to a 10% dilution although to start with exposed to a 5% dilution. No wonder the share price has taken a 10% hit. A consequence of the failure of management to deliver, unable to turn promise into pounds according to plan. This immediate emergency loan buys 5 months time at a price of something like £175K in unrecoverable cash costs which wasn't in the original budget. Unless the loan is converted to shares. And unless we now enjoy a stream of announcements of income and cash actually being received it will be followed by buying another 6 months time with the remaining £5M loan facility. Beyond which EQT is bust, because it still has another £8M to find for the Billingham site. Unless of course they find a major investment partner with big pockets within 10 months, and why would an outsider ride in to rescue EQT. The mistake ... instead of strictly concentrating on short-term likely deliverable revenues, something which I am pretty sure was the foundation under the last fundraising issue at 1.5p, well it convinced me anyway, EQT has continued to dabble and spend money it hasn't got to spare on far fetched schemes beyond its scope to manage and beyond the timeframe of available funds. So stop counting announcements of new prospects and start counting commercial completions, site commissioning, actual income, actual cash flow. Without which the share is only worth 0.5p, and within a year might not be worth anything at all. EQT has become a tightrope walk.
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19/2/2022
12:15		tenapen: :-) A lot like eqt share price then ! Brown syngas made from biomass pellets from North America. Not Green.
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16/2/2022
11:51		marktime1231: Accepting that the June 21 loan repayment bit E1.25M out of the raise, and accepting that cash at Dec 21 was E5.4M (if we believe Arden), that means EQT have spent net cash of E10M in 6 months. That is some burn rate, and without revenues or fresh funds EQT is in danger of running out. An extra £0.25M penalty and £0.25M downpayment on Billingham does not help. Now vital that EQT banks some cash asap. It is actual cash in the bank to pay the bills which is important, and now, not sales or revenue recognition or whatever is being projected in future. A pity that loan facility expired and has not been replaced, I wonder why, it would be prudent to have a backstop. Well done bradders for spotting that Arden's subsequent net cash projection figure excludes the Billingham purchase, and is based on what might turn out to be optimistic revenue estimates (again). Well done steve for admitting the ommission (again) just after you were found out (again). As things have turned out my instinct that EQT did not have the cash to honour the Billingham site purchase commitment without a fund raise was fair. As it turns out EQT did not have the cash, but nor was EQT in shape to go for a fund raise even if it wanted to because the slide in revenues has clobbered the share price. EQT has therefore chosen to pay a penalty and defer. You were right steve it could and would go for that option, it had to or walk away. Unless there is cash on the way that could prove a disastrous call. Calm down steve, don't hate EQT or you, I am a hopeful but fearful investor challenging the relentless optimism here. Sorry if you don't like that, no bad thing to have a bit of balance, and has been spelled out genuinely trying hard not to be personal but that is not always possible. Do not expect the auditors to be swayed by paid-for analyst projections of possible future income, it will be stress testing the company cash flow forecast and making its going concern assessment on that basis.
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08/2/2022
15:00		stevea171: From LSE. EQT share price fall is not company specific. Roughly in the last 12 to 15 months. ITM 230p up to 666p pdown now 250p AFC 20p up to 88p down to 33p VLS 6p up to 15p down to 6p PHE 3.5p up to 11p down to 4p EQT 0.45p up to 3p down to 0.99p These are the stocks I've kept a close eye on, hopefully other posters can add to the list. But EQT (long term wise) has been my best holding so far. Fingers crossed ALL the above see the recent highs.
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19/1/2022
18:01		stevea171: EQT/MetalNRG links, partly from yesterday's MNRG Broker Note. MNRG Share price 0.335p 52 week high/low 1.225p/0.24p EQT has the possibility to benefit from the sale or part disposal of its 14.1% stake in MNRG, exercise of the 50 million warrants as well as from the project finance MNRG can bring to the pipeline of EQT shovel ready projects. EQT expects to exercise the right to appoint a director to the MetalNRG Board in the first half of 2022. In the move into green energy, MetalNRG has come under the wing of EQTEC. It has developed a strong international network which provides access to a healthy pipeline of good projects. The Italian project is the company’s first entry into this industry and comes with negligible risk as MetalNRG’s capital is protected. The management is seeking to develop a strong partnership with EQTEC which has been cemented with a £290,000 share swap and the first joint venture project in Italy. MetalNRG Eco joined a consortium led by EQTEC to repower, own and operate the biomass-to-energy plant in Castiglione d'Orcia, Tuscany. When it becomes operational, the plant will turn straw and forestry wood waste from local farms and forests into green electricity and heat for use locally. This initial project is based on a plant which was previously in production, but the parent company went bust. However, there are still some 7-8 years of decent tariffs from the national grid to benefit from. MetalNRG will hold 26.66% equity in the SPV for an investment of €700,000. The plant is forecast to annually generate €2 million in revenue and €750,000 in EBITDA, which equates to €200,000 per annum to MNRG. It is expected to generate an unlevered IRR of 20%. With EQTEC’s support, MetalNRG Eco will be looking at waste to energy projects with capex typically in the £1.5 million - £15 million range which can be financed via equity and debt. EQTEC has a number of shovel ready projects in Croatia, Italy and Europe. MNRG will be involved in further such projects and say if the company invests €1 million apiece in two additional projects, this could generate €600,000 – €700,000 of EBITDA per annum for MNRG. Accelerating the speed of the move into green energy infrastructure will require the investment of increasing sums but comes with a compelling long-term stream of high-quality earnings. MetalNRG has a clear growth strategy focused on green energy and metals. In the current year, it looks as though interests in BritNRG and Lake Victoria Gold could be disposed of which will allow funds to be recycled to finance the development of other opportunities. This could free up more capital to finance green energy projects numbers 2, 3 and 4. MetalNRG has three aces to play – gold, uranium and green energy. We also note that c.£4 million could come into the kitty from warrants being exercised. That requires a share price clearly north of 1p, which we do not think is that elusive given the planned developments, sound fundamentals and the current outright derisory market cap.
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14/12/2021
11:43		skinny: North Fork project partnership. https://uk.advfn.com/stock-market/london/eqtec-EQT/share-news/EQTEC-PLC-North-Fork-project-partnership/86802679 North Fork project partnership with Carbonfuture and Phoenix Energy EQTEC plc (AIM: EQT), a world-leading technology innovation company enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production is pleased to announce a unique triple-bottom-line partnership of Phoenix Energy, EQTEC plc, the North Fork Community Development Council and Carbonfuture to help Sierra Nevada forests and communities remove carbon from the atmosphere and reduce wildfire risk, generate renewable energy, create jobs and support the local community. North Fork Community Power (NFCP) will soon commission and utilise Advanced Gasification Technology from EQTEC to convert forest stewardship residues into renewable electricity, heat and biochar - a solid carbon byproduct with applications in agriculture and water filtration that sequesters carbon for centuries. The climate action-oriented waste-to-energy project is aligned with state and international Net Zero targets and in support of circular economy principles. This positive climate action is newly rewarded with carbon removal credits by Carbonfuture through its platform and marketplace. The project is the first forest biomass plant in California to join the scheme. Catastrophic wildfires in California have made clear the urgency of forest management efforts that reduce risk and improve forest health. NFCP, located in North Fork, California, is a forest-based biomass gasification plant that will utilize sustainable local forest biomass as well as fire threat reduction activities from the Sierra and Yosemite National Forest areas which will benefit local communities. The project is located on the site of an abandoned sa wmill from the 1990s, bringing back sustainable jobs to this rural community in the Sierra Nevada. The project originated by the North Fork Community Development Council as a way to both steward the environment and promote economic redevelopment in the wake of the sawmill closing. Thanks to the proprietary Advanced Gasification Technology developed and supplied by EQTEC, which is also a material capital investor in the North Fork project, the process does not involve burning or combusting the wood and so the CO(2) does not go up a stack. The waste wood is transformed through EQTEC's patented process, reduced and left in solid form as pure carbon as it is converted into a hydrogen-rich synthesis gas 'syngas'. The process will generate 2 MWe of renewable electricity and biochar. Once produced, biochar is sold mostly to farms in California's Central Valley to improve water efficiency, nutrient conservation, beneficial microbial composition, and overall quantity of stable organic matter. As the carbon remains in the soil permanently, these positive characteristics are important for its carbon sequestration ability as well as ecosystem benefits. The produced biochar will help sequester 20,000t CO(2) equivalent over the next 5 years. Carbonfuture's fully-digital platform is used to guarantee the secure and stringent documentation of all climate-preserving activities generated in this project. The company issues removal credits for carbon sequestration services through biochar, such as the one provided in this triple-bottom-line approach. Focusing on solid climate performance, Carbonfuture uses a defensively quantified carbon sink value, resulting in high-quality, long-term and scientifically verified credits. To support the integrity of the credits even further, tamper-proof, digital tracking based on an innovative and low-energy blockchain is implemented. The use of this technology not only enables unique "credit-to-cradle cradle look-through" but also eliminates the possibility of double-counting. EQTEC CEO David Palumbo said: "I'm very pleased that our partnership in North Fork is now even more compelling by working with Carbonfuture. Once operational, the plant at North Fork will service the local community by demonstrating a better way to use forestry waste that would otherwise pose a fire risk and to both produce biochar for watershed protection, carbon sequestration and soil enrichment, as well as use the syngas produced from the wood as a fuel to produce electricity." Phoenix Energy CEO, Gregory Stangl, said: "This project is so impactful because it provides California with carbon negative, 24/7 renewable power, created from a unique sustainable waste-to-energy process and at the same time it reduces catastrophic wildfire risk and returns lost jobs to a struggling Sierra Nevada community." Carbonfuture co-founder, Andreas Hoelzl, said: "The North Fork project is a unique collaboration that showcases that triple bottom line projects can be accomplished by the collaboration of the right parties, spanning development, investment and technology innovation. Carbonfuture is really happy to help to support and remunerate the climate service of the project and to provide our carbon removal credit customers with high-quality, impactful credits."
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24/11/2021
10:05		stevea171: 24 November 2021 EQTEC plc Croatia Joint Venture update Belišće Project Financial Close and Karlovac Project first phase funding secured EQTEC plc (AIM: EQT), a world-leading gasification solutions company building the future of a cleaner waste-to-energy industry, is pleased to announce that financial close has been achieved for the Belišće Project ("Belišće") and first phase funding for a second project in Karlovač ("Karlovač") has been secured. Both projects are being developed by Synergy Projects d.o.o. ("Synergy Projects") the Company's Croatian joint venture with local project development partner Sense ESCO d.o.o. ("Sense ESCO"). Highlights -- Sense ESCO has subscribed for additional shares in each of the Belišće and Karlovač Project SPVs which has resulted in it owning 51% of the equity in the respective SPVs. Synergy Projects has retained 49% equity in both Project SPVs; -- The projects are being funded through a mix of equity, debt and privately placed tradeable bonds; -- The funding requirement for Belišće recommissioning is c. EUR 4.2m of which Sense ESCO will be providing EUR1.7m while EQTEC will provide the balance, in addition to the EUR550,000 loan previously provided; -- The total funding requirement for Karlovač is forecast to be in the region of EUR10m. EQTEC and Sense ESCO will initially be providing 25% of the required funding through subscriptions to privately placed tradeable bonds and equity while third party investors and bank debt will be sought to fund the balance; -- Full funding required for the technology upgrades and subsequent re-commissioning at the Belišće plant has been secured, in order to upgrade the design and an increase in capacity to 1.5MWe from the original 1.2MWe; -- The Company has completed full detailed engineering for the Belišće plant, all main components have been ordered and are expected to be on site during Q4 2021 and Q1 2022; -- The Karlovač plant will be developed in two phases of 1.5MWe each, to take advantage of the existing infrastructure, grid connection and Power Purchase Agreement; -- Partial funding for the first phase at Karlovač has been secured in order to accelerate completion of the detailed engineering design and order main equipment; -- The technology sales for EQTEC over the life of project is EUR2.0m for Belišće, of which c.80% is expected to be invoiced by EQTEC in the current financial year, and EUR7.5m for Karlovac, of which c.20% is forecast to be invoiced in the current financial year, in each case subject to achievement of certain milestones; and -- The Company and Sense ESCO are continuing discussions with investors and banks to secure additional debt and equity to fund Karlova c's current and future phases. Furthermore, discussions are underway to sell equity and or tradeable bonds in the projects either during construction or after achieving successful commercial operation in line with EQTEC's general business strategy. David Palumbo, CEO of EQTEC, commented: "We are very pleased to complete financial close at Belišće, our Market Development Centre in Croatia and also confirm first phase funding for the Karlovac project in collaboration with our Croatian joint venture partner, Sense ESCO. Both of these projects are designed to provide a community cooperative model to local stakeholders, taking responsibly managed waste from each plant's surrounding areas and turning it into clean energy. We are applying project delivery focus and technical innovation towards commissioning these projects and delivering value to the local communities in 2022." More information about Belišće and Karlovač projects The project at Belišće was originally commissioned in 2016 and the plant was built around EQTEC's proprietary and patented Advanced Gasification Technology. The 1.2MWe plant will be recommissioned, upgraded to 1.5MWe and repowered to convert forestry wood waste from local farms and forests into green electricity and heat for use in the local community. It will also operate as an EQTEC Market Development Centre, where the Company will demonstrate EQTEC's technology in a fully operational, commercial environment. The project in Karlovac sits on a site that contains a decommissioned plant which originally employed an early gasification technology from a third party. When redesigned, reconfigured and commissioned, the 3.0MWe plant will transform locally sourced wood chips and forestry wood waste from regional forests into green electricity for use by the local community and also produce high quality biochar to supply the growing demand of this commodity in Europe.
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