Eqtec Share Discussion Threads

[yump] 18/6/2023 23:08

Theses small loss-making industrial tech businesses are always a punt.

The whole business of introducing new industrial scale equipment anywhere at any time involves so many things being right, that the chances of permanent success are pretty remote.

What was that new fangled food mixer business ? Then there was Carclo’s new process and Sabien’s boiler tech. But those were almost stand-alone bits of equipment.

This involves more coordination with other equipment. Add to that site investments plus feed arrangements.

What’s the chances of all that ever turning into a viable business ?

Imo this is another Hydrodec and will be gone in a year or so. Pity - I should have listened to my own experience with a very straightforward industrial product.

[adi27] 17/6/2023 12:27

Someone put this on LSE. From 2016, seems they know what we maybe finding out now! Here's hoping 7 years has improved the technology,https://resource.co/article/ukwin-highlights-litany-gasification-failures-11459

[juju44] 15/6/2023 13:31

Another dying AIM dog I fear . What a horrible sight that chart is . Hope Palumba and his cronies all have a large copy above their beds

[m4rtinu] 14/6/2023 20:52

Good post, APol. Start small.

[stevea171] 14/6/2023 14:45

APol70. Quite right. The losses affect most of us. Either paper losses or real losses if we sell. We each have to decide for ourselves what to do in this unexpected situation. Holding for the LT may pay off for some. There is not enough information atm coming from the company.

The strategy was somewhat dictated by history. How long has NF been in the works and only now coming up to completion? But your idea is sensible and low risk. There was a rush to grow the company quickly with the UK projects which have now stalled for want of finance and perceived risk.

[apol70] 14/6/2023 13:19

Steves171, I sold out last week taking a big loss. I don't understand their strategy. Why spend money with numerous sites in various states of development when that money could be used to build one flagship site, prove the technology, the eco benefits and then sell that that model throughout the world. Why spread the money they have so thinly over numerous sites? Do we actually have a working site, then there was the Deeside debacle and other really poor management decisions. They need to get a flagship site fully operational and making money.....then scream it from the rooftops. I am watching waiting for this to turnaround and will get back in. Good luck all.

[juju44] 14/6/2023 11:38

I had big hopes here but now down heavily . I will await the AGM before giving up but they really are a bunch of amateur plonkers

[stevea171] 14/6/2023 11:35

They have made changes to the design since Movialsa which has been working well for 10+ years. It seems they can't easily fix what is blocking 24/7 running at Italia MDC.

The financials are against them too. What is this 6 months of non running of an operational plant costing EQT? What are the implications for it is assumed same design Agrigas and North Fork?

[stevea171] 14/6/2023 10:59

Juju. Thanks. Like many I've lost a packet here but in this news vacuum consider it better to sell out for now and wait and see what transpires ....

The company is not in a talking mood for what may be fundamental problems.

M4rtinu. I think answers will not be forthcoming at this stage.

[m4rtinu] 14/6/2023 10:51

Have just sent this to [e-mail]

Dear Eqtec

What is happening at Italia MDC? Why has the handover not happened? And, why can't you treat shareholders with respect and keep them updated? Whether good news or bad.

Thanks

Martin U (shareholder for 3 years)

[juju44] 14/6/2023 10:46

Every one a loser . Dont blame you for jumping ship . My finger is on the button too
If this visiting ghost is talking BS , Palumbo should deny it immediately

[stevea171] 14/6/2023 10:30

I have sold out pending clarification from these 'clowns' running the business. ST there is too much uncertainty both technical and financial. LT the future may be bright but will this company survive long enough to get there?

[stevea171] 14/6/2023 09:34

Further detail from Visitinghost, LSE:
"It is not able to sustain the production, it "jams", you switch it on then it produces then it stops. It does not work 24/7 as it should be. You guys do have serious problems with engineering or common sense, you basically look at the finger but not at the moon. It is like a ICE car that you start it and it stops after few kilometers (or whatever unit you use to measure distance on the island where you live).

Does the car "works"? Yes, if you turn the key and make 2 kilometers "it works", but it does not work continuously. Are you really so much blind for love for EQT stock that you need such explanations?"

I do not know which problem you have with logical fallacies. I said that Gallina site is not working at full capacity ("it is not working properly") and that YA is the main culprit because the design flaw was his idea and he is not able to fix quickyly/cheaply the problem, is it so difficult to understand when people talk?

Gallina site is a ticking clock, and the more you wait to get full production the less time you have to cash in the extremely generous subsidy of 280 €/MWh electricity. day of delay is costing 6720 € of turnover, since how many months is now this thing "yes, we are connecting it"? Think it over: 6720 €of momey that have not been geenrated, and it is not a thing of "OK, once is fixed we will keep the plant switched on for longer, once the incentive comes to an expiration you will sell electricity (if you keep on producing) at the spot market, that now is 108 €/MWh, a value that is insufficient to cover its costs

[juju44] 14/6/2023 09:21

The share price suggests that to be true which is what we are guessing anyway . Its looking ever more like a dead duck

[stevea171] 14/6/2023 08:38

Fwiw. A German LSE poster who has claimed to be an entrepreneur with deep knowledge of this industry previously said he has visited the Tuscany MDC plant (last year?) and met with DP & co with a view to considering an investment there but decided against but has phone contact details of one of the plant workers spoke with this worker yesterday by phone who said the plant was still not working.

This may be a load of tripe but anyway we will find out next week.

[paul8515] 14/6/2023 07:05

We always said that EQTs marcap should be nearer that of PHE. Looks like we got our wish, albeit in an obtuse way.

[pa123] 13/6/2023 13:13

more backsliding than Theresa May!

[stevea171] 13/6/2023 12:25

History of back sliding of Italia MDC from LSE:

From their website Italian MDC was to be commissioned by Q2 2022, then Palumbo on a site visit said end of Autumn 2022, then it was end of the year 2022 with a hint at Xmas delivery.

Then it was end of March with the jenbacker engine testing and finally Vander Linden stating it will be imminently handed over on results webinar more than a month ago which is still to happen afawk.

A full accounting needed for this catalogue of missed forecasts and total shambles of execution. Till now no credible explanation of this lurch from one delay to another with this flagship project but is required at the latest at next week's AGM.

Whatever they say, zero credibility.

[1flynn] 13/6/2023 09:21

It's been noticed Jeffery and the team have been very hurt at suggestions they have deliberately thrashed the price down to these 3 or 4 years lows with ideas on an Altair or management buyout ?

I must say it would explain their actions or lack off so far if true.

Even though it must be painfull the €1,500,000 they receive annually between them must give some comfort, if not for those funding it.

[adi27] 13/6/2023 08:55

Nah, I'm not havin that!!

[juju44] 13/6/2023 08:51

PHE even worse management than EQT

[stevea171] 13/6/2023 08:31

PHE: .45-.48p -8.5% today. Now with a sub £20 million Mkt Cap after silly valuations for so long. Mkt Cap now on a par with EQT.
The sector in crash and burn mode ...