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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Enteq Technologies Plc | NTQ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.05 | 08:00:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.05 | 3.80 | 4.05 | 4.05 | 4.05 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 30/9/2024 21:34 by p1nkfish Retail took up £100K of the £500K on offer. 70K investors approx.No one should complain of dilution if they didn't act against it by taking up even a small allocation to compensate. |
Posted at 25/9/2024 15:24 by p1nkfish How long it takes to announce they have reached £500K from retail, if they do, will be interesting. Won't be too easy but they had no problem for the £1.5M from deeper pockets.> 72K investors, many probably at very low holding value. |
Posted at 25/9/2024 08:41 by pimbake Not really surprised by the raise in general, but more by seemingly rock-bottom price of 5p. Not sure who determined that price but what a huge discount to the value the board itself believes Enteq is actually worth. I recall the mentioning of 'multiples of the market cap' during the InvestorMeet presentation just a month ago (which was also based on a recent valuation of the IP I believe) when Enteq was trading at c. 8p, so feels very strange to raise funds at 5p a couple of weeks later. I also noticed nothing on the basis of the 5p in the announcements of today, might be good to ask some serious questions on that.From that perspective, this offer price is a pure gift to the existing shareholder base and directors who will participate. At least good that they also let retail investors participate as well, but still feels strange. I further also recall that it was mentioned during the InvestorMeet presentation a month ago that there was sufficient cash up to September 2025 based on recent cash flow projections right? Fast forward one month and all of the sudden there is no sufficient cash up to July 2025 without this equity raise, and thereafter more funding is needed? Seems like they have almost no control or insight in the process towards cash flow generation. Might be good to ask some questions on that during the AGM as well. Hard hit today for all investors who will or cannot participate in this offering though. |
Posted at 17/9/2024 12:43 by sturmey My shares have been in the "bottom drawer" since November 2013 when I bought a fair chunk at over 50p. The IPO price was 100p and well-subscribed by serious institutional investors. At 50p, I thought I was getting a bargain. What a deluded fool I was!Aggressive "buying on weakness" over the years has left me with a substantial holding at an average price of 22p. We clearly need good news on SABER. Additionally, it would help if some of the gunslinging punters got on board and set a rocket under the share price |
Posted at 02/9/2024 15:32 by somerset lad 1gw, I will resist the temptation to have a second go at reverse engineering the numbers in note 10 because I might well get it wrong again (!) and, as someone commented earlier, the company's IP report doesn't add much: ultimately the value of the IP is the FCF the business generates and that will be a function of sales, not of a consultant writing a report.Just watched the IMC again (back from holiday). Reading between the lines, it sounds like the reason that testing has taken so long in Australia is that the Houston team was working on the control system to ensure that it kept steady in the face of erratic rotation, but this has now been resolved (with the performance of the tool improved considerably). The shares seem to have sold off in recent months as investors inferred from the absence of news that the tool was not performing, but it has not recovered at all on news that the tests are close to completion. The AR says cash should be generated in Q3 calendar 2024 (so this month - presumably the $100k from the Queensland customer as you say) and on the IMC Andrew said the testing should complete in the "coming weeks". |
Posted at 28/8/2024 14:01 by valuehurts I got a good feeling about potential clients. Andrew didn't seem to realise the severe concerns that investors have about future client uptake. It came across as he really believes there will be a lot of demand and the fact that they are building out the fleet further confirms this. Seems like they are talking to major players regarding the technology and the potential of doing business together. |
Posted at 05/7/2024 08:55 by optimist4now There is zero impact on the share price whenever Law attends one of these investor events.Maybe he should spend more time informing the current shareholders on whether SABER is going to be fully commercialised before the cash runs out! I also note there has still been no news on when the March 24 results will be announced. This was a glaring omission from the 10 April Trading Update. |
Posted at 21/6/2024 12:23 by 1gw Andrew Law at an Investorhub session. Perhaps looking for ways to engage more effectively with (and perhaps raise new money from) investors and get the shareprice off the floor? |
Posted at 19/6/2024 14:36 by somerset lad 1gw,I think the two are connected. The 1 May announcement said that SABER would be tested across a series of wells in Australia. As a potential customer, I'd want to see the "real world" drilling data in a range of different rock conditions before committing, rather than pressing ahead from the downhole testing data. An update to investors wouldn't go amiss. We might see the Annual Report soon as well, since the numbers are straightforward. |
Posted at 30/5/2024 16:28 by 1gw At the margin, there might be some shareholders lightening up but if you look at the major holders (updated as of 31st March) and compare their holdings with the volumes reported by Yahoo! Finance on the way down from the November peak (or especially more recently) there doesn't look to be a huge amount of selling - certainly nothing that looks like capitulation (imo). |
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