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ETP Eneraqua Technologies Plc

39.00
-1.00 (-2.50%)
Last Updated: 13:11:19
Delayed by 15 minutes
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
  -1.00 -2.50% 39.00 29,543 13:11:19
Bid Price Offer Price High Price Low Price Open Price
38.00 40.00 39.75 38.50 38.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 53.82M -6.34M -0.1908 -2.04 13.29M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:11:11 O 20,000 39.00 GBX

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Date Time Title Posts
06/11/202412:28Eneraqua Technologies plc355
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
13:11:1339.0020,0007,800.00O
09:46:3138.705,0001,935.00O
09:00:2138.002,543966.34UT
08:00:2539.502,000790.00UT

Eneraqua Technologies (ETP) Top Chat Posts

Top Posts
Posted at 30/12/2024 08:20 by Eneraqua Technologies Daily Update
Eneraqua Technologies Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker ETP. The last closing price for Eneraqua Technologies was 40p.
Eneraqua Technologies currently has 33,222,130 shares in issue. The market capitalisation of Eneraqua Technologies is £12,956,631.
Eneraqua Technologies has a price to earnings ratio (PE ratio) of -2.04.
This morning ETP shares opened at 38.50p
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 2024

Eneraqua 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 2024

Mitesh 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 webinar

Thursday, 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 04/6/2024 10:27 by clive7878
According to Simon Thompson if they hit targets & the future pe ratio hits 4.3 then these are cheap & the share price cud well hit 60p. Interesting one to watch though.

Did someone mention they were into heat pumps?However I was looking at a new heating system & the census of opinion is that heat pumps have room for improvement before they will be fully effective. And companies are far from hitting the government required targets at present.
Posted at 29/5/2024 12:37 by tomps2
Eneraqua Technologies (ETP) Full Year 2024 results presentation - May 2024

Eneraqua 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 2024

Eneraqua 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 webinar

Thursday, 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_results_webinar
Posted at 17/10/2023 09:08 by wallywoo
Looking good. Forced seller dropped the share price too much. Now is the time for a more reasonable bounce.


60p seems a fair price for these. Unless a takeover offer appears, which is always possible in an exciting high growth arena.
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.
Eneraqua Technologies share price data is direct from the London Stock Exchange

Eneraqua Technologies Frequently Asked Questions (FAQ)

What is the current Eneraqua Technologies share price?
The current share price of Eneraqua Technologies is 39.00p
How many Eneraqua Technologies shares are in issue?
Eneraqua Technologies has 33,222,130 shares in issue
What is the market cap of Eneraqua Technologies?
The market capitalisation of Eneraqua Technologies is GBP 13.29M
What is the 1 year trading range for Eneraqua Technologies share price?
Eneraqua Technologies has traded in the range of 36.00p to 53.50p during the past year
What is the PE ratio of Eneraqua Technologies?
The price to earnings ratio of Eneraqua Technologies is -2.04
What is the cash to sales ratio of Eneraqua Technologies?
The cash to sales ratio of Eneraqua Technologies is 0.24
What is the reporting currency for Eneraqua Technologies?
Eneraqua Technologies reports financial results in GBP
What is the latest annual turnover for Eneraqua Technologies?
The latest annual turnover of Eneraqua Technologies is GBP 53.82M
What is the latest annual profit for Eneraqua Technologies?
The latest annual profit of Eneraqua Technologies is GBP -6.34M
What is the registered address of Eneraqua Technologies?
The registered address for Eneraqua Technologies is 2 WINDMILL STREET, FITZROVIA, LONDON, W1T 2HX
What is the Eneraqua Technologies website address?
The website address for Eneraqua Technologies is www.eneraquatechnologies.com
Which industry sector does Eneraqua Technologies operate in?
Eneraqua Technologies operates in the OFFICES-HOLDNG COMPANIES,NEC sector

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