The clowns running EQT have zero integrity . They have destroyed a promising outfit and filled their own wallets from the contents of investors wallets .
Trust here is zero |
Ask yourself: Is Idex likely to progress projects with a company with unproven tech {Italia MDC) and that may not exist in 6 months?
If you were them would you transfer funds to a £3 million market cap company for projects that are years from production and where the funds go into a black hole, just like the EU50 million EQT has raised in the past few years and lost? |
Do we know how well the Italian plant is operating? |
Hmmm don’t think many in profit here… A binary bet from here which wins if they get the £2m and or two of the big French projects goes ahead. |
Just take profit and run |
"Geoff has been a game changing member of the management team " Absolutely hilarious . With buddy Palumbo they sure changed hope into despair . Good riddance . and hurry on Palumbo being flushed down the toilet too |
No 2 rat leaves the sinking ship ....
Unfortunately No 1 rat remains.
Calls into question US development - North Fork and the 20-30 EQT plant expansion in the Sierras. Focus is now the EU. |
a person who believes that people are motivated purely by self-interest rather than acting for honourable or unselfish reasons:#cynic |
The crooks here get themselves re-elected at the AGM today. So free to carry on with the spend, cash raises and further dilution of any Pi's left.
Thanks to SloppyG, LSE.
Let us not forget that even after 20% cut in costs annual opex is still running at c€4m per annum.
They need to invoice and bank c€13m p.a. to break even at 30% gross margin. We know they were expecting Q1'24 revenue of 600k so simple maths and way short of b/e.
Interims out end of Sep I believe will show min. Op losses of €1.5m. Finance costs on top of this.
Logik 2m, if and when lands, 500k straight to Riverport (this covers annual interest element only of the 5m debt). Remaining 1.5m covers H1 losses and possibly some of H2 losses.
DP taps the market start of Q4 or possibly earlier. No doubt setting the wheels in motion already post AGM.
SP trashed further and DP and private equity chums mop up the left overs in due course.
Simples. Great work if you can get it. |
Not really, as they agreed to purchase the land by 30 July 2024, from RNS in January 2024, so left it almost to the last minute. |
I'd take that as a positive on how things are developing in Italy, and looking at the lease costs it will pay for itself in no time at all. |
FACT: I saw somewhere in a presentation and review (reported broker's note?) of the status of the 19 plants installed or on order that DMC Italia had made its first deliveries of electriciy to th Grid in March. The other 3 classed as satisfactorily 'in production' were the 10 year old plant for olive waste and the two miniatures at the two universities. |
That's a very convoluted way of saying "yes, I made it up"
Bye |
Thanks for your insight into this company (not).
Instead we have someone who wants to personalise the thread and who repeats logical non sequiturs that have no standing.
Anyway I have better things to do, so bye ..... |
I don't owe you anything |
cmackay. OK let's hear your interpretation or analysis rather than pathetic one liners ..... |
If I've hurt your feelings by questioning the basis of your claims, that's your problem. I don't owe you anything. |
cmackay. OK let's hear your interpretation or analysis rather than pathetic one liners ..... |
Oh you made it up then, ok got it |
If you've been here long enough, then read between the lines. DP's language is forever meant to deceive and not to give a true or truthful picture. |
"In other words downtime predominates."
How have you reached your conclusion? |
 Thanks to SloppyG, LSE. A couple of call outs for me.
Large impairment as expected reducing Net Assets to c€21m. A word of caution on that remaining NA value however; 12m is intangible Goodwill which is effectively worthless and another 7m is trade receivables of which 5m is now overdue so no guarantees of collection given their history. Its easy to see why MC is so low therefore given this.
Admin expenses (even after 20% reductions) are still €4.3m. H1 and H2 broadly the same hence reasonable to assume €4.3m is the ongoing run rate for annual Opex for FY24. Given they have said operating margins are now 30% it means the company needs to generate annual Revenue of c€14m to b/e. Consequently i think they are still miles off achieving break even so will need to fund operating losses this year.
Possibly sentiment change will provide an opportunity to make a few quid after the inevitable post lock-in sell off. Remain to be convinced however as to mid term viability especially with the 5m debt accruing interest at c10%. For me the overhead reductions of 20% are nowhere near enough to secure their future and prevent DP tapping the market again in near future. |
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