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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eneraqua Technologies Plc | ETP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -2.50% | 39.00 | 13:11:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 38.50 | 38.50 | 39.75 | 40.00 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 23/05/2023 | Final | GBP | 0.012 | 17/08/2023 | 18/08/2023 | 15/09/2023 |
| 14/06/2022 | Final | GBP | 0.01 | 18/08/2022 | 19/08/2022 | 16/09/2022 |
| Top Posts |
|---|
Posted at 06/11/2024 12:28 by rivaldo Just tipped by Simon Thompson (subscription-only) in the IC:"A company benefiting from Labour’s net zero initiatives Simon Thompson: A provider of heating and water efficiency solutions is growing its order book, predicts a strong second-half profit rebound and should deliver a step change in profit next year A company benefiting from Labour’s net zero initiatives Published on November 6, 2024 by Simon Thompson First-half revenue up 15 per cent to £29.9mn Adjusted pre-tax loss rises from £0.4mn to £3.8mn Net cash of £0.3mn Strong second-half recovery predicted Ful-year earnings guidance maintained The directors of Eneraqua Technologies (ETP:43p), a provider of heating, hot water heat pump systems and water efficiency solutions, are forecasting a strong second-half earnings recovery after the UK general election caused delays in client decision-making. Once an election is called, a legal restriction is placed on public sector clients proceeding with many types of projects until after the election is complete. The incoming Labour government then raised concerns over the state of the public finances and launched a planning consultation. Although it did not propose any significant changes to the neutrality rules, it caused further hesitation by many public sector and private utility clients, leading to additional delays to decision-making and approvals. At the same time, a shift in the product mix, coupled with the heavy investment in overheads to support full-year revenue expectations, meant that the first-half operating loss ballooned. etc" |
Posted at 14/10/2024 15:40 by tomps2 Eneraqua Technologies (ETP) Half Year results presentation - October 2024Eneraqua Technologies CEO, Mitesh Dhanak and Interim CFO, James Lamb present the group’s results for the six months ended 31 July 2024, followed by Q&A. Watch the video here: Or listen to the podcast here: |
Posted at 10/10/2024 08:40 by tomps2 Eneraqua Techonologies (ETP) Half Year results overview - October 2024Mitesh Dhanak, CEO gives an overview of the interim results for the six months ended 31 July 2024. Watch the video here: Or listen to the podcast here: |
Posted at 09/10/2024 08:01 by tomps2 Eneraqua Technologies (ETP) Half Year results webinarThursday, 10 October, 9:00am Eneraqua Technologies CEO, Mitesh Dhanak and Interim CFO, James Lamb will present the groups results for the six months ended 31 July 2023, followed by a Q&A session. To attend, register here: [...] |
Posted at 29/5/2024 12:37 by tomps2 Eneraqua Technologies (ETP) Full Year 2024 results presentation - May 2024Eneraqua Technologies CEO, Mitesh Dhanak and CFO, Iain Richardson present their full year results for the year ended 31 January 2024, followed by Q&A. Watch the video here: Or listen to the podcast here: |
Posted at 23/5/2024 07:58 by tomps2 Eneraqua Technologies (ETP) Full Year 2024 results overview - May 2024Eneraqua Technologies CEO, Mitesh Dhanak provides an overview of the groups performance for the year ended year ended 31 January 2024. Watch the video here: Or listen to the podcast here: |
Posted at 21/5/2024 14:27 by tomps2 Eneraqua Technologies (ETP) Full Year results webinarThursday, 23 May, 11:30am Eneraqua Technologies CEO, Mitesh Dhanak and CFO, Iain Richardson will host an online investor presentation of the group's results for the year ended 31 January 2024, followed by a Q&A session. To attend, register here: bit.ly/ETP_FY24_resu |
Posted at 13/10/2023 08:26 by tomps2 Eneraqua Technologies (ETP) Half Year results presentation - October 23Eneraqua Technologies CEO, Mitesh Dhanak and CFO, Iain Richardson present Half Year results for the six months ended 31 July 2023, followed by Q&A. Watch the video here: hxxps://www.piworld. Or listen to the podcast here: hxxps://piworld.podb |
Posted at 11/10/2023 07:56 by tomps2 Eneraqua Technologies (ETP) Half Year Results Overview – October 2023Mitesh Dhanak, CEO provides an overview of the interim results for the period ended 31 July 2023. Watch the video here: Or listen to the podcast here: Today, Wednesday 11th October, Eneraqua Technologies are hosting a webinar for investors and potential investors. Register here: bit.ly/ETP_FY24_H1_w |
Posted at 31/8/2023 19:39 by sev22 This stock looks like a great recovery play on a 12-24 month basis:Government policy change makes this heat pump company a buy. Rated on a PE ratio of six and on less than half analysts’ target prices, this share offers recovery potential. August 31, 2023 By Simon Thompson Clear guidance on government policy is a prerequisite for businesses. That’s because it impacts investment decisions and the purchasing activity of customers. Any policy change should therefore be enacted in a way that minimises disruption. This is not always the case. For instance, the UK government has unexpectedly announced its intention to change the legislation that governs development in nitrate-sensitive areas with no prior consultation and without releasing details of how the new scheme will work. Since 2017, developers have been required to ensure new developments do not cause increased nitrate emissions into the local environment. Many have done so by installing control flow technology in homes, which reduces nitrate emissions by cutting the amount of water used. However, through the Levelling-up and Regeneration Bill, the UK government plans to remove this obligation on developers and replace it with an enlarged mitigation programme through The Department for Environment, Food and Rural Affairs’ Natural England Nutrient Mitigation Scheme. It is based on the generation of nutrient neutrality credits that are created by projects and then purchased by developers to offset the emissions from the new construction. Ultimately, this could be good news for companies such as Eneraqua Technologies (ETP:73p). If the approach of generating and supplying credits is maintained, there may be enhanced opportunities for its Control Flow HL2024 technologies, which are the lowest-cost offset solution on the market. However, the group has no clarity at this point and will now engage with the government to understand the exact nature of the new scheme. Bottom-fishing buying opportunity. *Trading in line with market expectations prior to government announcement *Record order book up from £130mn to £146mn since 5 May 2023 *Net cash of £0.5mn buoyed by £4.9mn of first-half operating cash flow *Share price down 23 per cent Eneraqua’s directors had budgeted that work relating to the prevailing net nutrient neutrality rules would generate up to £2mn of cash profit in the financial year to 31 January 2024. It now expects clients to delay all, or a large majority, of this work until there is clarity on the details and mechanics of the UK government's proposals. Analysts at Singer Markets reduced their cash profit estimates by £2mn in both the 2024 and 2025 financial years to £7.3mn and £9.6mn, respectively, on revenue of £90mn and £104.5mn. The downgrade led to 28 per cent and 23 per cent cuts in their pre-tax profit forecasts to £5mn (2024) and £7mn (2025). On this basis, expect earnings per share (EPS) of 11.3p (2024) and 15.6p (2025), implying that the shares are rated on price/earnings (PE) ratios of 6.5 and 4.7. Moreover, having returned to a £0.5mn net cash position at the 31 July 2023 half-year-end, Singer is pencilling in year-end net cash of £2.6mn (7.8p) for the £24.2mn market capitalisation company and a 14 per cent higher annual dividend of 1.4p per share, implying a prospective dividend yield of almost 2 per cent. Heat pump business powering on. It’s important to note that the group’s major income-generating activities, the provision of heating and hot water heat pump systems, are not impacted by the uncertainty. Indeed, notable major contract wins that will commence in the second half of the 2023-24 financial year include the group’s first NHS Trust award, an £11.3mn contract involving the replacement of an end-of-life combined heat and power (CHP) and steam boiler with a low-carbon heat pump solution; a £12.7mn contract for the replacement of an end-of-life gas-fired heating system with a low-carbon heat-pump-based system in west London; and a £7.2mn contract for the replacement of an old gas-fired system with a new low-carbon heat pump solution for a museum, art gallery and leisure centre complex. These contracts have helped boost Eneraqua’s order book by 14 per cent since early May 2023 to a record £146mn, of which £70mn will be recognised in the second half of the current financial year and the balance in the next financial year. Please note that revenue is historically weighted to the second half given that public sector clients tend to award contracts ahead of the year-end since grant awards are made in the autumn. Although the second-half weighting will be more pronounced in the current financial year due to the impact last year of inflation on clients’ capital budgets, the order book still provides strong visibility. Reassuringly, the directors point out that the inflation impact from last year is unwinding, a positive for further growth in the order book to de-risk earnings forecasts for the 2024-25 financial year. Share price falls to record low. So, although Eneraqua's share price fell to a record low of 73p following the profit warning and has been under pressure since I rated the shares a hold at the annual results in late May, I feel bottom-fishers should be rewarded. Singer’s target price of 190p (from 249p) and Liberum's 235p target (from 335p) are not only materially above the current share price, but are well supported by projected earnings and delivery of a bumper and growing order book. RECOVERY BUY. |
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