Energy Tech. Share Discussion Threads

[battlebus2] 03/6/2014 19:39

Thought it was time for a new thread.

Worth noting again the business strategy which should end well for all shareholders in the event of a partnership or more.....

Business strategy

The Board's previously stated strategy was to build shareholder value by growing Diffusion's sales and profits organically. A good measure of this objective was achieved in the year ended 31 March 2014, resulting in the share price increasing over four fold between 31 March 2013 and 31 March 2014.

The Board's current strategy is to further grow Diffusion's sales and profitability, where franchising and trench heaters have been identified as growth drivers. At a share price of 197.5 pence per share, the Company's market capitalisation of GBP4.72 million represents a low multiple of 5.2 times Diffusion's operating profit for the year ended 31 March 2014, providing further opportunities for enhancing shareholder value. Once the Board has fully achieved its strategic objective, then it will seek a strategic partnership so as to fully realise shareholder value. In the meantime, the Board will not be distracted from this organic growth strategy by considering acquisitions.

[battlebus2] 03/6/2014 19:38

The company has three divisions: DIFFUSION AIR CONDITIONING - Diffusion Air Conditioning offer year round heating & cooling comfort in an ever changing climate with a full range of market leading products suitable for the domestic, commercial and even industrial environment. By combining some of the best products available from household names like Panasonic, Fujitsu and LG with an excellent reputation for expert technical advice and service quality. DIFFUSION AIR TREATMENT - As the experts in ventilation, filtration and the sanitization of indoor environments, Diffusion Air Treatment offer a wide range of products to tackle infectious environments in the home, at work and within the public sector. DIFFUSION HEATING & COOLING - With over 40 years of experience within the air movement and air treatment industry, Diffusion Heating & Cooling currently offer a full range of products including Fan Coils, Over Door Heaters, Air Conditioning systems to optimise the quality of the working and living environment.

[sailing john] 03/6/2014 13:43

Sadly they took me by surprise - reporting early!

I have a diary note for today saying

"ETQ results later this month - review/add?"

But I have a decent holding anyway considering MC

All the best

SJ

[battlebus2] 03/6/2014 13:28

Indeed S.J. Maybe time for a new thread, seems I made a good decision buying more before the update :))

[sailing john] 03/6/2014 13:11

Deserves a chart I think
Hopefully this will work!
SJ

[truffle] 27/5/2014 11:07

Yes it looks very steady. With hindsight the recent drop was probably a good buying opportunity. If I am reading the numbers correctly its only on a p/e of about 8.

[battlebus2] 27/5/2014 09:32

Ticking up on any buy, much further to go imv.

[grahamburn] 22/5/2014 09:07

The substantial increase in dividend is undoubtedly supported by the improving trading results. However, it was also presumably facilitated by the significant reduction in the number of shares in issue following the cancellation of the shares bought back from Elsina .

[tomboyb] 22/5/2014 08:01

13.9% up - Firtsahia - its not entirely cricket is it -

[5oletrader] 22/5/2014 07:56

The bit that says:"Once the board has fully achieved its strategic objective, then it will seek a strategic partnership so as to fully realise shareholder value"Excites me. ETQ - keep up the good work. That is all.

[firtashia] 22/5/2014 07:52

buying over the past 2 days suggests someone knew the results were coming, and someone knew the results would be good..

[tomboyb] 22/5/2014 07:52

I can see this 250p+ today - If there is more interest

[battlebus2] 22/5/2014 07:14

Excellent imv with a market cap of only 4.3 million......

Preliminary Announcement of 2014 Results

Headlines

-- Sales increased by 27% over the previous year to GBP9.56 million;
-- Operating profit of Diffusion increased by 123% over the previous year to GBP906,000;
-- Group profit before tax increased by 225% over the previous year to GBP649,000;
-- Final dividend increased by 167% to 2.0 pence per share;
-- Buy-back of 28% of share capital completed from the then largest shareholder, Elsina Limited;
-- Strong net cash equivalents at 31 March 2014 of GBP873,000 and net assets of GBP1.60 million;
-- Enquiries and order intakes are at high levels and with M&E consultants currently experiencing high workloads, the Board believes this will translate into a successful year ending 31 March 2015.

[tomboyb] 22/5/2014 07:10

Very good results dividend included

[truffle] 21/5/2014 13:25

And yesterday too, which makes about 20% rise in the past two days.
Last year's results were published before the end of June so we should expect this year's finals within the next 4-6 weeks I guess.

[humphries1] 21/5/2014 12:46

nice little rise today

[firtashia] 19/4/2014 21:32

RSI suggests this is well oversold now. Finals probably only a couple of months away at most. Seriously thinking of buying more.........

[battlebus2] 10/2/2014 09:13

Bid moving up through £2 and beyond....

[battlebus2] 07/2/2014 16:49

A good decision firtashia imv.

[firtashia] 07/2/2014 16:47

Took the plunge this afternoon and bought 1k's worth. Think its reasonable value at this price but I like the bit from the recent t/s: "the fan coil market is now starting to show growth". If growth is just starting then there should be more to come.

[battlebus2] 07/2/2014 14:00

Completion of Share Buy-Back

The Company announces that it completed the buy-back of 235,000 Ordinary Shares of 10 pence each in the Company ("Shares") from Elsina Limited at a price of 42.5 pence per Share on 7 February 2014.

These shares will immediately be cancelled. The Company advises that, following this buy-back and cancellation, the Company's issued ordinary share capital is 2,390,516 Ordinary Shares. The above figure of 2,390,516 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Following the buy-back and cancellation, Elsina Limited has no holding in the Company.

[battlebus2] 03/2/2014 18:30

Great reaction to this mornings update but i suspect there's a lot more to follow.

[chrisis33] 03/2/2014 10:53

Very good update ...

[folderboy] 03/2/2014 08:24

More here than you think - some of us holding our breath. A real turn around for me having been very heavily down here.

[sailing john] 03/2/2014 08:16

On your own BB!

Great TS - off radar - for now!

Quietly taking advantage of the London building boom

SJ