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Share Name Share Symbol Market Type Share ISIN Share Description
Eneraqua Technologies Plc LSE:ETP London Ordinary Share GB00BNYDGM91 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 300.00 60 07:35:49
Bid Price Offer Price High Price Low Price Open Price
290.00 310.00 300.00 300.00 300.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 36.18 4.07 100
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 2 290.00 GBX

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Date Time Title Posts
24/1/202310:41Eneraqua Technologies plc104
23/5/200221:07ETP Bid Above 725p1
15/4/200208:46Enterprise Oil 200229
19/3/200200:14DIRT CHEAP - ETP@ Ј4.30'ish-(16/11/01)109
18/3/200207:31Enterprise Oil - Is this the bid?5

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Eneraqua Technologies (ETP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-01-27 16:35:01290.0025.80O
2023-01-27 15:17:15290.0050145.00O
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Eneraqua Technologies (ETP) Top Chat Posts

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Posted at 28/1/2023 08:20 by Eneraqua Technologies Daily Update
Eneraqua Technologies Plc is listed in the Alternative Energy sector of the London Stock Exchange with ticker ETP. The last closing price for Eneraqua Technologies was 300p.
Eneraqua Technologies Plc has a 4 week average price of 295p and a 12 week average price of 295p.
The 1 year high share price is 365p while the 1 year low share price is currently 192p.
There are currently 33,222,130 shares in issue and the average daily traded volume is 4,164 shares. The market capitalisation of Eneraqua Technologies Plc is £99,666,390.
Posted at 24/1/2023 10:41 by rimau1
I’ve just doubled my holding this morning, i’m hoping for the company to further upgrade FY’24 in a TU in the first quarter. Even without an upgrade FY24 puts ETP on 10x earnings. Energy efficiency and Water usage are only going to become more critical and ETP business should be booming.
Posted at 06/12/2022 08:50 by rivaldo
Hi Masurenguy, good to see you here. ETP have never AFAICS separated out the two divisions due to "commercial sensitivities" as Finncap have noted in the past.

It's obvious that in the past Energy have been by far the bigger earner, but following the roll-out of Control Flow the Water division is growing and presumably catching up fast. If the initial Indian contract leads to more then there must be huge potential there.

Posted at 25/10/2022 10:15 by tomps2
Eneraqua Technologies (ETP) interim results presentation - October 2022

Eneraqua Technologies, a specialist provider of energy and water efficiency solutions, present the interim results for the six months ended 31 July 2022, by Mitesh Dhanak, CEO & Iain Richardson, CFO.

They see a 92% uplift in H1 revenue and full revenue cover for FYJan23, whilst their investment in people and infrastructure underpins their growth strategy.

Video: Https://www.piworld.co.uk/company-videos/eneraqua-technologies-etp-interim-results-presentation-october-2022/

Podcast: Https://piworld.podbean.com/e/eneraqua-technologies-etp-interim-results-presentation-october-2022/

Posted at 11/10/2022 11:00 by rivaldo
Singer Capital Markets have initiated coverage today with a Buy and a 396p target price.....

They summarise:

"Strong and highly visible earnings growth

Eneraqua is a specialist in designing solutions that maximise energy and water efficiency. We expect PBT growth of 79%/21% in FY23/FY24 driven by significant requirements to improve energy efficiency in the UK built environment against a backdrop of rising energy costs.

Growth is highly visible, with our FY23 revenue forecasts 100% covered by orders, FY24 already 72% covered (post a revenue guidance upgrade in today’s interims) and a strong pipeline beyond this. An attractive margin (16%-17% OM) is supported by its unique IP and technical expertise in terms of both design engineering and its ability to arrange funding for its social housing clients. The balance sheet is strong, with a net cash position expected across the forecast period, and there are ambitions to execute bolt-on M&A. On a Jan. ‘24 EV/EBITDA rating of only 4.5x, we believe the shares are attractively valued and initiate with a Buy rec and 396p TP."

"Significant upside to 396p target price

We value Eneraqua against a basket of ESG driven Support Services stocks and Engineering Consultants. These trade on an average EV/EBITDA rating of 9x. Applying this to Eneraqua’s Jan. ’24 earnings implies a target price of 396p and a P/E multiple of 15x. This represents 73% upside to the current share price."

Posted at 11/10/2022 08:51 by rivaldo
A reminder that the ETP investor webinar is free to register for and takes place at 12.00 today:

Https://www.investegate.co.uk/eneraqua-technolgs.--etp-/rns/retail-investor-presentation/202210100700072594C/

Posted at 11/10/2022 06:18 by rivaldo
Indeed, extremely good.

The H1 results are fine in themselves, but now we know:

- the order book already provides full revenue cover for this year
- the coming year to Jan'24 has been upgraded by 14%, materially ahead of expectations
- the newly increased revenue target to Jan'24 is already covered a whopping 72% by the order book

And the launch of the water efficiency product into B2C is imminent - before the end of 2022.

The figures for the saving using ETP's flow control are amazing - each house could save £360 per annum following installation.

The initial contract win in India promises much, with ETP in talk with other states.

And ETP are soundly financed so perhaps there'll also be further acquisitions.

With 25.9p EPS forecast to Jan'23 ETP are on a single-digit P/E. Far too low, especially considering today's upgrades to next year.

Posted at 11/10/2022 06:13 by tomps2
Eneraqua #ETP H123 overview
Rev +92% £23.2m
aEBITDA £3.98m
aEPS 6.48p
H2 weighted. Order book provides rev cover for FY23 forecasts.
FY24 rev targets up 14% to £80.1m

Video: www.piworld.co.uk/company-videos/eneraqua-technologies-etp-interim-results-overview-october-2022/

Webinar today at 12 noon, register here bit.ly/ETP_FY22_results

Posted at 07/10/2022 14:21 by tomps2
Next Tuesday £ETP release interim results, we have a webinar with management at 12 noon, register here to attend bit.ly/ETP_H123_webinar
Posted at 27/6/2022 10:03 by rivaldo
Great review on Investor's Champion:

Https://www.investorschampion.com/channel/blog/this-looks-a-cracker

"Eneraqua: excellent results and cracking value?

Eneraqua Technologies (AIM:ETP), the provider of specialist energy and water efficiency solutions, which arrived on AIM in November 2021, announced excellent results for the year ended 31 January 2022. You can read our previous coverage of its IPO here.

Eneraqua designs and delivers improved energy and water systems which use its Control Flow HL2024 technology to reduce water wastage and improve the performance of heating and hot water systems.

Energy was the first market Eneraqua entered, and this is the larger sector, with the focus on clients with end of life gas, oil or electric heating and hot water systems. Under the Cenergist brand the Group provides turnkey retrofit district or communal heating systems based either on high-efficiency gas or ground/air source heat pump solutions that support Net Zero and decarbonisation goals.

Water is also a growing service offering, focused on water efficiency upgrades for utilities and commercial clients including hotels and care homes. It has also expanded into agritech systems.

Turnover in the year to 31 January 2022 rose 148% to £36.2m while EBITDA increased by 319% per cent to £5.55m. Statutory profit before tax was £4.1m (FY21: £0.8m) after £1m of IPO related costs.

Management considers that the potential of its technology globally is huge and the initial success in India, with a £0.9m contract for The Department of Horticulture for the State Government of Uttarakhand, highlighting this. This contract will see them supply water systems to 340 horticultural farms across the state, helping to reduce carbon emissions and improving water efficiency. This is the first major zero carbon irrigation initiative of its kind in India.

Having listed at a share price of 277p the shares have held up better than most, sitting currently just below the IPO price at 271p.

The order book of secured and contracted work has increased from £74.4m at the time of the AIM IPO to £91.0m. This together with delivered revenue in the current financial year to date gives 95% cover on forecast revenue of £61.3m, which assumes growth of an impressive 69%.

Rising energy costs are prompting greater interest from local councils in the UK to reduce energy costs, concerned about rising fuel poverty in social housing, which is supporting a growing interest in the Group’s solutions.

Forecast profits of £10.6m equate to a healthy margin of 17%, while forecast earnings per share of 25.9p means the shares carry a PER of only 10.5x. By that simple measure alone, the shares look cracking value.

We also like the capital light structure of the business with forecast pre-tax ROCE a healthy 44%."

Posted at 03/5/2022 07:40 by rivaldo
Finncap today reiterate their 425p target and 25.9p EPS forecast for this year to Jan'23:

Extracts:

"First contract win in Agritech

The group has announced its first contract win in the Agritech sector with a contract in India valued at £0.9m, scheduled to start in the current year and complete in 2023. This is a welcome contract win that broadens the group’s revenue base to a new end-user base and a new geography. The contract will enable the efficient management of water usage that will help farmers to conserve water, improve crop yield and prevent soil erosion, and should provide an attractive template for other states in India. No change to forecasts, but today’s announcement is encouraging and further underwrites our forecasts, given they are already significantly supported by the current order book. We also maintain our 425p price target, with the shares trading at very attractive levels."

"Valuation. We maintain our existing price target of 425p, which offers significant upside to the current attractive valuation, with the shares trading on a FY23 P/E of 9.8x, following some recent drift in the share price. We welcome today’s news, which should be reflected positively in the share price."

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