Share Name Share Symbol Market Type Share ISIN Share Description
Enteq Upstream LSE:NTQ London Ordinary Share GB00B41Q8Q68 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -1.96% 25.00p 24.00p 26.00p 25.50p 25.00p 25.50p 92,500 14:00:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.4 -3.2 -5.6 - 15.18

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Date Time Title Posts
18/4/201710:56Enteq Upstream plc612.00
15/9/201507:14*** Enteq Upstream ***2.00

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Enteq Upstream Daily Update: Enteq Upstream is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker NTQ. The last closing price for Enteq Upstream was 25.50p.
Enteq Upstream has a 4 week average price of 22.25p and a 12 week average price of 19.50p.
The 1 year high share price is 25.75p while the 1 year low share price is currently 11.50p.
There are currently 60,711,629 shares in issue and the average daily traded volume is 64,598 shares. The market capitalisation of Enteq Upstream is £15,177,907.25.
dacian: Still early days into recovery and should it continue ( I think it will) , at some point we should get news of new work coming through. Until then, the balance sheet will support the share price. Http:// Http://
1gw: That's me buying some more. Still think this looks great value, even after the run-up in share price, given the cash, net asset position and recovery in oil and (especially) gas price.
1gw: I think a key difference between Enteq and most (if not all) of the other service companies is the huge cash pile that Enteq holds relative to its market cap. Which suggests to me that the underlying business is valued at not much more (or perhaps even less) than breakeven in perpetuity and so I would have thought that the share price ought to be more highly geared to any positive change in sentiment regarding the prospects of the underlying business.
che7win: Yaz, The business here has been curtailed, what with employee numbers nearly halved. However, assets underpin the share price. Please elucidate.
escapetohome: The oil and rig activity seems to have gone up a little. Lets hope this translates into a few more little share price increases. I wonder if the charts still fair well. From the look of the chart it would not go amiss another small uptick. Not being greedy here.
hugepants: Well there's certainly a few years of losses factored into the share price. Based on the H2 results current annual losses look to be about 1.5p per share. But at the current exchange rate there's net working capital of 26.5p including 19p of cash. There's also about 3p of US property assets. So at current 14.5p share price there's a big margin of safety here. I think its a real plus that the largest shareholder is a value fund, Hawkwood with 8.5%. All too often when you find a stock that looks this cheap it has a controlling shareholder with 40% of the company.
hugepants: I think you may have moved the share price Arthur.
1gw: Vague signs of life in the share price?
paxman: p1nkfish, you mention Enteq management's last company ( Sondex). The bad news for Enteq's shareholders was this was built up and sold during the great oil and gas price rises leading up to its exit in 2007. So they were successful there - company value wise - but with Enteq they're operating in the opposite environment, oil and gas prices falling. Enteq has been a leveraged play on energy prices due to high administration costs relative to its gross profits so shareholders are left with the stub end of the value after company employees and directors take their cut. Positives - they've maintained cash since September at $14 m. Also costs are being looked at. Maybe the fund which bought in big recently had a look at the books and are putting pressure on management to cut costs. On has to wince at these investment shops touting high share price targets and also their timing. Investec's 64p of a couple of days ago! All analyst share price targets should have the disclaimer 'A lot of the time we are completely wrong. We need commission to live. In our industry we talk our own or a favoured client's book from time to time so be careful.'
sturmey: Rivaldo, Thanks for mentioning my recent post on MF (under my MF name "Kuronagi") I have been buying (and averaging down) since my first purchase in November 2013 at 52p. My average price now around 39p. During this period, I have watched the share price and trading volumes carefully and hypothesise that there has been a constant seller - possibly one of the institutions which bought in at the IPO. Around January, the IC ran a large positive piece on NTQ which barely moved the share price My guess is that the main seller used this chance to unload more shares. As the share price fell further, individuals who bought on the IC recommendation may have bailed out thus exacerbating the share price fall. Over the last few months, we have seen positive news including decent results, progress in China, more director buying including a significant purchase by the CEO and, possibly most significant, notification of a 5% holding by Schroders. My piece on the MF was essentially about E&P companies and concluding that the risk/reward balance was generally unfavourable. NTQ is a different "kettle of fish". Much of the upside potential is unknown and much reliance is placed on the track record of the management team. At the current share price of around 32.5p, I think the potential upside is considerably greater than the downside.
Enteq Upstream share price data is direct from the London Stock Exchange
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