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NTQ Enteq Technologies Plc

1.30
0.075 (6.12%)
24 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Enteq Technologies Plc LSE:NTQ London Ordinary Share GB00B41Q8Q68 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.075 6.12% 1.30 89,504 09:56:58
Bid Price Offer Price High Price Low Price Open Price
1.20 1.40 1.30 1.225 1.225
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Machy, Equip USD 49k USD -2.12M USD -0.0203 -0.64 1.28M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:59:34 O 88,304 1.40 GBX

Enteq Technologies (NTQ) Latest News (5)

Enteq Technologies (NTQ) Discussions and Chat

Enteq Technologies Forums and Chat

Date Time Title Posts
23/1/202515:39Enteq Upstream plc2,369
15/9/201506:14*** Enteq Upstream ***2

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Enteq Technologies (NTQ) Top Chat Posts

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Posted at 25/1/2025 08:20 by Enteq Technologies Daily Update
Enteq Technologies Plc is listed in the Oil & Gas Field Machy, Equip sector of the London Stock Exchange with ticker NTQ. The last closing price for Enteq Technologies was 1.23p.
Enteq Technologies currently has 104,137,115 shares in issue. The market capitalisation of Enteq Technologies is £1,353,782.
Enteq Technologies has a price to earnings ratio (PE ratio) of -0.64.
This morning NTQ shares opened at 1.23p
Posted at 21/1/2025 23:02 by p1nkfish
Management own 11.84%, some of which were bought and others taken in lieu of salaries, and at an average price well above the current.

11.84% = 12.35M shares approx. At 3p that would be a return of £371K approx.
Noise after so many years and stress. Perhaps they can claim some capital losses to use elsewhere.

They will be incentivised to maximise the return on the sale unless they are offered a golden-handshake to sell out which wouldn't be right but such things happen.
Posted at 20/1/2025 20:17 by 1gw
It just needs a bit of competition. If one company can be persuaded to bid then that's something, but if 2 companies want it then who knows where it might finish?

A lot will depend on how convincing the test results in the dataroom are in terms of the likely ultimate effectiveness of SABER. Is it largely the lack of financial strength of NTQ that has been holding it back or is there still material doubt over whether it will ever work properly and cost-effectively?
Posted at 20/1/2025 17:59 by p1nkfish
BELOW IS AN EXPERIMENT, NOT TO BE RELIED UPON.

Having followed ENTEQ for a while I took the liberty to put all details into a friendly AI - warts and all - including adding in delays to product release. I do think SABER will hit the market and make a difference. Put in low ball IP valuation. burn-rate, USPs etc etc. The kitchen sink. Not just good stuff.

Long story short, potential sales price per share even at the low end of the results it gave back, are above todays price.

Multiple scenarios. Worse case scenario was still very interesting.

Conclusion:

Current Value: $0.21–$0.42/share (pre-revenue and with risks factored in).
Post-Revenue Success: Potential to reach $0.26–$0.52/share with fleet utilization.

Strategic Acquisition: If the technology proves disruptive, larger firms (e.g., Halliburton) may acquire at a premium to secure the IP, potentially increasing valuation to $50–70M ($0.48–$0.67/share).

Risks: Testing delays, inability to penetrate the market, or further cash burn leading to equity dilution.

Sounds like BS but there was logic to the response it gave.
Posted at 20/1/2025 16:44 by eezymunny
My guess is either no buyer, or a buyer who pays a token £1 or gives a few shares in itself to get it over the line. Right price here about 1p IMO but who knows?
Posted at 20/1/2025 07:15 by 1gw
Formal sale process provides a bit of excitement before they go. Interesting to see how the share price reacts this morning - does anyone believe they might achieve a decent outcome?

They're trying not to do a Thelma & Louise, so just have to hope they haven't left it too late before applying the brakes...
Posted at 12/1/2025 09:59 by p1nkfish
The market is bifurcated and a number of the mid-small players need cheap per metre directional and the big suppliers are expensive to engage and run with. There is a gap to exploit there. IF it's NTQ that gets there it also has potential for really useful cashflow in the rental model.

However, it's looking like < 50:50 at the mo. I doubt they can raise many more times and the IP still has value of they wind it up even if not yet a finalised product.

It's a toss-up.

Question is - were new potential customers at Catoosa and were they put-off?
Posted at 10/1/2025 08:30 by eezymunny
EezyMunny - 25 Sep 2024 - 09:16:49 - 2265 of 2312 Enteq Upstream plc - NTQ

"The significant majority of these speculative cash burners will dilute you to death"

If you didn't see this coming, maybe try researching Premium Bonds?
Posted at 30/10/2024 08:45 by optimist4now
Plus ça change.

All we get is how great the market is going to be for SABER and that it is a "natural fit" for the future!

I echo ValueHurts comment - at least update us as to when the $100k relating to the Australia testing, which started in May (?), has been earned.

The only thing that NTQ has actually achieved this year is the halving of the share price.
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 23/10/2023 13:59 by somerset lad
Novision, we don't know the targets, which is not unusual, but not ideal. Thinking about incentives, Martin Perry has a 6.7% stake but is not a beneficiary of the awards. Whilst Martin is not chair of the remuneration committee, his presence on the board means (I think) that existing shareholders are protected when incentive schemes are put in place. Martin would presumably want to minimise dilution whilst strongly incentivising the core management team to get NTQ to major growth (see previous discussion about how much NTQ could be worth). Andrew has a fairly large shareholding (2.7%) so has an incentive also to think about the downside of taking too much risk. I'd like to see Mark buying in the market as well as receiving options that incentivise focus on the upside, but of course we don't know how much free cash he has.

Returning to 1gw's posts from earlier, I agree that we need to see what Cavendish say. The previous finnCap forecasts (from the July 21 initiation) were not ideal because (i) they did not match up with NTQ's calculation for the impairment analysis - if we cut through the theory and recognise that the house broker is a vector for the company's own forecasts then what the broker says and what the company says should match (subject to any changes over time); and (ii) they made no sense because they used scenarios but applied a "risk factor" to the revenue line in each scenario(if they want to do scenario analysis they should run the scenarios on their face and then weight the probabilities of each to get a blended view). I don't think Cavendish will publish a GM forecast though, because Andrew has always been very coy about that (although eventually the numbers will be clear to all in the accounts).

In terms of competitive response, I asked on the call whether SABER's offering a 30% saving meant that it would be priced at $3.5k per day vs market rates of $5k per day and was told that it would be priced in line with market at $5k. This surprised me a bit as I'd expect a novel technology being launched into a conservative industry to have to offer a headline discount to drive uptake / utilisation. But their answer was given with the benefit of one signed contract and lots of discussions with potential customers. Thinking about the incentives of the incumbents, there's no reason for them to reduce their standard prices in response to a competitor who is heavily capacity constrained (I modelled 5 units from 1.4.24 and looking again at the AR23 I think NTQ are modelling 10) because the profit sacrifice would be huge. Since prices are set individually, the competitors could in theory bid lower when they know they are up against SABER but the danger is that offering individual discounts pulls down rates across the market as a whole (Andrew has said previously that news travels fast in the US O&G market). Overall, the incentive for the incumbents is to continue to pull in the profits from their existing business (a bit like the Innovator's Dilemma discussion). If SABER gets traction, the competitors could try to kill NTQ by acquisition but antitrust is now very attentive to killer acquisitions (mainly in tech, but generally). Like 1gw, I do, though, see potential (in a success scenario) for NTQ to supply SABER to larger industry players, enabling the rivals to keep control of their customers and NTQ to improve distribution without much investment and NTQ seemed open to something along these lines when they were answering the IMC question about discussions with competitors.
Enteq Technologies share price data is direct from the London Stock Exchange

Enteq Technologies Frequently Asked Questions (FAQ)

What is the current Enteq Technologies share price?
The current share price of Enteq Technologies is 1.30p
How many Enteq Technologies shares are in issue?
Enteq Technologies has 104,137,115 shares in issue
What is the market cap of Enteq Technologies?
The market capitalisation of Enteq Technologies is GBP 1.28M
What is the 1 year trading range for Enteq Technologies share price?
Enteq Technologies has traded in the range of 0.77p to 10.75p during the past year
What is the PE ratio of Enteq Technologies?
The price to earnings ratio of Enteq Technologies is -0.64
What is the cash to sales ratio of Enteq Technologies?
The cash to sales ratio of Enteq Technologies is 26
What is the reporting currency for Enteq Technologies?
Enteq Technologies reports financial results in USD
What is the latest annual turnover for Enteq Technologies?
The latest annual turnover of Enteq Technologies is USD 49k
What is the latest annual profit for Enteq Technologies?
The latest annual profit of Enteq Technologies is USD -2.12M
What is the registered address of Enteq Technologies?
The registered address for Enteq Technologies is 7 ALBERT BUILDINGS, 49 QUEEN VICTORIA STREET, LONDON, EC4N 4SA
What is the Enteq Technologies website address?
The website address for Enteq Technologies is www.enteq.com
Which industry sector does Enteq Technologies operate in?
Enteq Technologies operates in the OIL & GAS FIELD MACHY, EQUIP sector

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