Advertisement
Advertisement
U.S. Markets open in 7 hrs 33 mins
Advertisement
Advertisement
Advertisement
Advertisement

Advanced Emissions Solutions, Inc. (ADES)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
Add to watchlist
2.9500-0.1300 (-4.22%)
At close: 04:00PM EDT
3.0300 +0.08 (+2.71%)
After hours: 04:47PM EDT
Advertisement

Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Sept. 30.

Sign in to post a message.
  • w
    wbart21
    We do NOT need to buy ARQ.
    I think the Street would love the following:

    Cancel merger.
    Cancel $10m divvy.
    Cancel PIPE & 19m+ share issuance/dilution.

    ADA & ARQ sign exclusive JV licensing deal.
    ARQ Shs+ADA cash up ARQ w/ $5-$10m contributions($40-$50m)each getting % ARQ equity.
    ADA pay $10m(?) upgrade RR to incorporate ARQ powder-specific/ltd verticals per JV.

    Quid Pro Quo= a much better capitalized, operationally strong ADA acquire ARQ if JV successful in year 5 upon prespecified terms.
  • J
    Joseph
    Merger Cancellation announced this morning on another stock FSI. If interested I'd suggest you take a look at the price action in the stock trading today after the announcement. That folks is exactly the same price action you would get if the ADES Arq merger was mutually cancelled.
  • w
    wbart21
    Anyone have thoughts on the ramp of the Norit + ADA EU supply deal?
    My recollection was that this was an early 2023 driver.
    Would seem very timely to get that going with coal demand in EU likely to hit a record this winter coupled with their merc regs...
  • J
    Joseph
    Institutions are already voting on this merger by unloading stock each and every day before the proxy is even released. The game plan articulated by ADES and Arq is not to their liking from I'm sitting.---ADES goes down on bad market days and goes down even when the market has an up day. The institutions are using any liquidity on the up market days to try to unload their positions IMO.
  • R
    Rob
    Julian was a little to excited in this write up and too optimistic but imo it is pretty hard not to be as it is a genius idea. the technology is a game changer for sure can’t wait to see how the ship trials come back later this year (that took over 2 years to come about). They have a good team and partners (all have short write ups on arq if you visit the annual reports). Check out arqs Facebook page as well they have a bunch of short videos. I enjoyed the one that showed the coal waste over the 300 acres on the Kentucky site. Going to pretty remarkable to see that land cleaned up and used again in 20-30 years.

    https://naturalresources.house.gov/imo/media/doc/7.24_julian_testimony.pdf
  • J
    Joseph
    High Short Term Interest Rates give ADES investors another reason to vote no on this deal. From a cash flow standpoint ADES cash horde can provide ADES with an extra couple of million dollars just by deploying their cash in short term treasury yield starting their fiscal year.
    Neutral
  • J
    Joseph
    As a standalone company what kind of earnings from their current operations might ADES be able to show in 2023?
    Neutral
  • F
    Fred
    from 3/22 filing - 10K FY 2021 - We maintain a program to repurchase up to $20.0 million of shares of our common stock under a stock repurchase program (the "Stock Repurchase Program") through open market transactions at prevailing market prices. The Board subsequently approved an amendment to The Stock Repurchase Program in which it authorized an incremental $7.1 million, resulting in a total of $10.0 million of shares of our common stock allowable to repurchase. As of December 31, 2021, $7.0 million of shares of our common stock remained outstanding for repurchase under the Stock Repurchase Program, which will remain in effect until all amounts are utilized or it is otherwise modified by the Board.
  • A
    Anonymous
    When looking at ADES and their potential capital needs, remember that higher cost of capital (i.e. WACC) results in lower equity value.
  • P
    Peter
    News today

    ADES sold the Marshalltown mine.
  • D
    Dieter
    One more note about ARQ. in their earlier announcements they say they have already funded 275 million and funded another 60 million to complete their manufacturing plant and terminal. Another 55 million were added later.

    I'm not sure if that's all complete. So far, ARQ would have received 390 million from its shareholders. After merging with ADES they have a value of about 20 million shares at a price of 2.50?
    50 million for an investment over 390 million?
    Already a violent destruction of capital. Is it at least finished?
  • D
    Dieter
    Although I consider the ADES shares to be insanely undervalued and I share Peter's view of the sense of the merger, I have initially parted with 70% of my ADES shares.
    Neither the undervaluation nor the prospects of the merged company seem to interest the market in the slightest and the board doesn't seem to care much what happens to the stocks of its shareholders. Or is he unable to provide a little more clarity?

    ADES is completely bombed out and actually a share should then detach itself from the negative market events. She's still an underperformer.

    The general market situation is pretty bad. The DOW will certainly fall to 27,000, probably even to 23.xxx. Where does ADES stand then?

    ADES has done a lot of things right over the past few years, and I have full confidence in the board of directors to make the right decisions. But this communication is catastrophic and pretty much ruins everything.

    No trust in investors who treat ADES like junk.
    No trust in a board of directors that looks on silently and passively and doesn't want to / can't create any clarity.
    No trust in an overall market that is on the brink.

    Will wait with some money for a bottoming out and/or a sign of life from the board.
    Neutral
  • D
    Dieter
    If the big investors are okay with the merger, why don't they take advantage of the low prices to top up.
    Where are the additional purchases by the Board of Management, which should be convinced of its own negotiated merger?
    This would be a signal to the market that it is behind the merger and could help the share price.
  • A
    Anonymous
    On the morning following the announced "merger" I conducted a search about ARQ. I found two items of interest: 1: ARQ was Purchasing ADES by merging and the creating all the other financial hoops to do this. This article has evidently been removed and I have not been able to find it recently. 2: ARQ raised $230 Million when they started. What happened to this cash? Surely the sole facility did not use much of this.
    The merger never mentions anything about ARQ bringing cash to the deal. Did the principals walk away with ARQ's cash and they want ADES to use ADES's cash to fund the dream. Does not seem to be a merger of equals to me.
  • J
    Joseph
    $90 million in cash with a market cap now below $60 million. Treasury bonds continue to jump to higher yields with the opportunity for ADES to make some decent returns on their cash horde without having to enter into this merger with Arq. Why not just do some joint venture partnerships with Arq without having to merge with them.----The driving force from Arq's viewpoint is they need the be public to be able to raise the substantial cash they need for plant expansion. Raising any equity in the "bear market" we are currently in will result in substantial dilution IMO. There is no need for ADES to participate in this heavy dilution I see going forward with Arq.
    Neutral
  • D
    Dieter
    Since the market capitalization is now far below cash (massively below the book value), the buyback of own shares would also be an option. Theoretically, they could currently buy up the entire share portfolio and still have about 30 million cash. With each share, Ades would make about 4.20 profit on the balance sheet.
    Just the announcement of such a project
    should cause the share price to rise sharply.
    Might be dealt with as part of the merger vote.
  • w
    wbart21
    OEP/Norit or other competitor could steal ADA with a hostile bid @ slight premium to cash now.
    90%+ of public float trades with such a bid. ADA BOD has completely destroyed SH value & confidence with ARQ deal / terms.
    Also, activist firms have to be looking now at ADA as a low risk, simple bear market 20%+ ROI play : scuttle deal & force liquidation/sale =20%+ , force better ADA SH terms from ARQ = 20%+...

    Peter, Alta's 11% vote commitment assures nothing.
  • J
    Joseph
    ADES will be a venture capital play if this deal is approved. I have my doubts about ADES getting the votes for the approval.
    Neutral
  • R
    Rob
    I didn’t see any lock ups. In all fairness to them doing an ipo during COVID when oil went negative would of been tough for a coal product. Julian was actually picking up energy companies on the cheap back then. Late 21 when oil/gas started to move up and a chance for an ipo maybe they were in talks with ades. I forget when this strategic review started but maybe. I like Julian track record from what I read all but him being too optimistic on ARQ on a number instances. I always like the guy that under promises and over delivers. Just a heads up form S-4 I was told comes out late this month.
  • A
    Anonymous
    Shareholder suits would not surprise me. This stock’s SP movement makes no sense. We may be missing something.
Advertisement
Advertisement