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ETQ Energy Tech.

335.00
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Energy Tech. LSE:ETQ London Ordinary Share GB00B6V9F139 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 335.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 335.00 GBX

Energy Tech. (ETQ) Latest News

Real-Time news about Energy Tech. (London Stock Exchange): 0 recent articles

Energy Tech. (ETQ) Discussions and Chat

Energy Tech. Forums and Chat

Date Time Title Posts
11/11/201523:35Energy Technique powered by Diffusion.115
24/7/201412:03ENERGY TECHNIQUE - THE ONLY WAY IS UP!400
21/10/201309:12ENERGY TECHNIQUE - 2007934
05/9/200811:19Energy Technique...m-cap 2.3 mil....cash 1.25mil and profitable69
25/2/200715:32ENERGY TECHNIQUE - 2006351

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Energy Tech. (ETQ) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Energy Tech. (ETQ) Top Chat Posts

Top Posts
Posted at 11/11/2015 23:35 by eezymunny
Don't forget the in the money options while you all moan :) They make the take-out price rather more palatable!
Posted at 11/11/2015 22:05 by dangersimpson2
If you annualise the 600k profit at the HY and strip out the £1.7m cash then they are only paying a 6x multiple which does seem pretty cheap for a growing 34% ROCE company. That said it is a highly cyclical industry so a multiple may not be the best valuation metric.

Given the 66% irrevocable undertakings this is all over. It's not worth wasting time on what ifs, I'll take the pay out and move on to the next undervalued share.
Posted at 09/7/2015 15:14 by truffle
Yes, on balance a good share to hold with minimal, if any, downside based on a market cap. of approx. 7.5 million.
However, as to-day's volume shows, there is very little interest in the company from the outside world. So, as the board has suggested, the question remains whether more value can be unlocked by being a smaller cog in a rather larger wheel, rather than remaining independent.
We shall have to wait and see.
Posted at 09/7/2015 07:04 by wywcu1
Good AGM statement. Actually I am quite relaxed re potential sale. We appear to be doing very well on our own two feet and we may be just better off going it alone in the future. All in all, a good share to hold.
Posted at 09/7/2015 06:40 by battlebus2
AGM Statement

On 26 February 2015, the Board of Energy Technique announced that it would offer the Company for sale by means of a formal sale process in accordance with Note 2 on Rule 2.6 of the City Code on Takeovers and Mergers (the "Code"). The Company is holding its Annual General Meeting at 12.00 p.m. today and Walter Goldsmith, Chairman, will make the following statement:

"Energy Technique's trading subsidiary, Diffusion, is a market leader in the manufacture of premium quality fan coils and commercial heating products. Diffusion's products are installed into commercial offices, hotels, airports, retail outlets, schools, and high-end residential developments. Whilst the Board believes that the Company has a secure future as an independent business, the Board took the recent decision to enter into the formal sale process in order to seek to unlock and crystallise value for shareholders.

The Company has received expressions of interest, which may or may not lead to a sale of its entire issued share capital. In the event that satisfactory proposals are made, the Board would expect to engage with one or more participants with a view to agreeing an offer, which it would be able to recommend for acceptance by shareholders. Further announcements will be made as and when appropriate.

The Company has appointed Cavendish Corporate Finance LLP ("Cavendish") as financial adviser to conduct the sale process. Parties with a potential interest in making an offer for Energy Technique should contact Cavendish (contact details are set out below). There can be no certainty that an offer will be made or that any sale will be concluded, nor as to the terms on which any offer might be made. The Board reserves the right to alter any aspect of the formal sale process or to terminate it at any time. The Board also reserves the right to reject any approach or terminate discussions with any interested party or participant at any time.

On 21 May 2015, the Company announced audited results for the year ended 31 March 2015 showing sales had increased by 12.6% over the prior year to GBP10.77 million, accompanied by a 19.6% increase in group profit before tax to GBP776,000. There has been a strong start to the current year ending 31 March 2016, with sales in the first quarter increasing by 2.5% over the corresponding quarter to GBP2.84 million. Enquiry levels are high, the order book is strong and we look forward to the future with confidence."
Posted at 05/3/2015 08:23 by charo
this is the peak trading point for etq,geared as it is to new build.as interest rate cycle turns so they will slow.board should have used strength to consolidate by acquisition opportunity missed.they lack imagination and will, beyond their comfort zone.in spite of this etq,diffusion is a very neat business.
Posted at 03/3/2015 19:28 by battlebus2
I think his aim was to restore a little confidence to the share price. We need a reasonable valuation if we are achieve an offer the creates shareholder value.
Posted at 03/3/2015 08:43 by geraldton1
Yeah...or why people are so desperate to sell they are knocking it out well below the share price! Wonder what someone would pay for this company? Net cash/strong order book/decent margin/attractive niche player etc.
Posted at 26/2/2015 11:10 by 5oletrader
Good summary 'greasy'.

I have been watching this for a while now awaiting a pull back/buying opportunity. If there ever was one, this is it.

The price drop was nothing but Manipulation - that flurry was suspect activity to drive the share price down.

I don't think we will have to wait too long for another update - I suspect there is already someone in the pipeline for the purchase.

I just hope the Board agree the right condition of sale that not only rewards their handwork and efforts over the last few years but holders like you and I alike.

Good luck and I watch this space.
Posted at 26/2/2015 09:30 by shanklin
Anybody any thoughts on this? Bit surprised at the share price action today following the price weakness of the last few weeks.
Energy Tech. share price data is direct from the London Stock Exchange

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