Share Name Share Symbol Market Type Share ISIN Share Description
Enteq Upstream LSE:NTQ London Ordinary Share GB00B41Q8Q68 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 29.00p 28.00p 30.00p 29.00p 28.40p 29.00p 1,067 11:00:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.6 -0.4 -0.7 - 17.93

Enteq Upstream Share Discussion Threads

Showing 826 to 850 of 850 messages
Chat Pages: 34  33  32  31  30  29  28  27  26  25  24  23  Older
DateSubjectAuthorDiscuss
13/9/2018
11:08
News of a new patent - nothing in the price for any of this given the $15.5m cash pile: Http://www.enteq.com/announces-new-patent "Announces new patent application September 07 2018 Enteq have recently been informed that their patent applications for intelligent methods of communicating power and data in the down-hole environment have been officially published. This technology will be incorporated in new down-hole tools currently being developed by Enteq."
rivaldo
10/8/2018
14:12
Excellent news - the announcement of new products: Http://www.enteq.com/announces-seamless-at-the-bit-solutions-and-v3-software "Announces seamless at the bit solutions and V3 software August 04 2018 Enteq and WRT (Well Resoluons Technology) have collaborated to provide seamless MWD plus integrated AtBit solutions that will provide directional drillers with real-tme access to critical AtBit data for improved drilling operations and faster steering decisions. To download the PDF flier for this feature please click on this Seamless AtBit Solutions Aug 2018 PDF) For more information on V3. please click on this Enteq v3 Software Release Aug 2018 (PDF) to download the release notes or contact support@enteq.com"
rivaldo
07/8/2018
14:41
NTQ recruiting for an International Sales Director. hTTp://www.enteq.com/images/pdfs/International-Sales-Director-July-30-2018.pdf
rp19
26/7/2018
10:54
Good news from NTQ's point of view that Cuadrilla/IGas have this week been awarded consent to frac the first of two horizontal wells at Preston New Road. Hopefully this will represent the start of business for them in the UK and Europe.
rivaldo
24/7/2018
12:20
Thanks for posting that Riv, much appreciated. The exuberant rise to 40p has been followed by a gentle fall back to the 30p area. I am averaged at 34p so will be buying at around the 30p mark. I can't see anything other than the value Bos alludes to in the above article. Just a little more patience required.
fozzie
24/7/2018
09:01
SVS Deep Value Fund are keen - "very cheap and there is a clear expectation that better business performance will emerge in the not too distant future": Https://www.sharesmagazine.co.uk/news/shares/drilling-down-on-enteq-upstream-view-from-a-value-investor "Drilling down on Enteq Upstream – view from a value investor 23 July 2018, 11:57 One of the longer term holdings in the SVS Church House Deep Value Fund (B79XM02), Enteq Upstream (NTQ:AIM) ‘came back to life with a bang during April’, according to portfolio manager Jeroen Bos (pictured below). At 32.5p, Enteq’s shares are up 33% on the 24.5p average paid during 2014, although they’ve recently been as high as 40p for a 63% paper gain and Bos believes this stock ‘should do very well over time, with the much improved outlook for the oil price.' BOOST FOR BOS The oil services business released an upbeat trading statement during April that has caused the share price to jump, providing a boost for Bos’ SVS Church House Deep Value Fund, a concentrated portfolio of holdings exhibiting deep value characteristics seeking to generate long-term capital growth for investors. ‘In this statement, management stated: “The board is pleased to report that both full year revenues and underlying EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) are expected to be significantly ahead of its expectations’, says Bos. He continues: ‘The company has been listed since 2014, and the highly regarded management team had expectations that Enteq Upstream would become a consolidator in the sector by buying smaller oil services companies, a process they had previously, very successfully, undertaken with a different company. Enteq Upstream is this management team’s second incarnation and the aim was to repeat a very successful operating model.’ ‘Due to the collapse in the oil price, the company struggled to execute this strategy, so management instead concentrated on protecting the business during the downturn and not committing funds while the market was in free-fall. Apart from one purchase, it continued to protect cash reserves to such an extent, that at the low point, cash on the balance sheet was greater than the company’s market capitalisation.’ ‘By this stage it could be said that the company was truly cheap, albeit operating in a very, temporarily, difficult sector. Fast forward to April 2018 and an encouraging trading statement was all that was needed to propel the shares to higher levels. With profitability expected to make an appearance and an improving oil industry outlook, we should expect the shares to move to higher levels in the future,’ says Bos. ‘This is a great example of value investing. We buy shares that appear to be deeply depressed, but on balance sheet terms they are very cheap and there is a clear expectation that better business performance will emerge in the not too distant future.’"
rivaldo
23/7/2018
10:00
Been in this for a while. Not ramping but similar firm is TGP just launched. Impressive list of IS.
petewy
20/7/2018
22:46
So... I'm new to this ... How can it be a purchase and remuneration? Remuneration in lieu of salary due to the downturn? Genuine question
thetrophyman
14/7/2018
10:48
Following on from the above, today The Times reports that oil and gas explorers in North America brought 17 additional drilling rigs online last week. There are currently 1251 active rigs in North America. During the 2014 shale boom there were +1600 rigs but this fell to just above 300 in 2016 with the oil price lows.
rp19
06/7/2018
18:16
Rig count this week better than last week's where there was a "-5" reported for the US. Somewhere I saw this ascribed to natural gas rigs leaving. This week we're +5 for the US, cancelling out last week's drop. Canada has been up both weeks, but I'm not sure if NTQ serves those rigs. hTtp://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-rigcountsoverview
1gw
28/6/2018
21:54
Isn't it about time we moved up again, given recent oil price news? See what the rig count brings tomorrow Perhaps?
1gw
23/6/2018
13:03
At the last year end, nearly 3 months ago, they had £11.75m in net cash or 19p per share so the current EV is circa £9.9m at yesterdays closing mid-price of 35p. The actual loss for the year was just under 1p per share. If they move back into profit during the current fiscal year on sales of circa £6.4m - a modest increase of only circa 30% which I would hope they could exceed - then an EV of only 2 x sales should not be an unrealistic ratio. That, together with net cash, could support a shareprice of at least circa 50p, so in my view there is plenty of mileage still to come here.
masurenguy
23/6/2018
09:32
Digital look has published some forecasts thus: Fy19. Revs £6.36m, PBT £0.67m, EPS 1.12p FY20, revs £7.48, PBt £1.05m, EPS 1.72p The figures are mistakenly quoted in US currency on their website
firtashia
22/6/2018
18:47
Chart looks better again, although today's apparent rise appears to have been achieved simply by widening the spread. But oil up 5% as the initial reaction to the OPEC meeting, so if sustained that sets things up nicely for the coming weeks I think.
1gw
14/6/2018
21:41
I topped up today - seemed to be too good an opportunity to miss !
masurenguy
14/6/2018
20:47
lgw I add my thanks for your valuable contribution.
varies
14/6/2018
17:00
Current mcap 19.47M with 11.65M cash, just plain daft!
fozzie
14/6/2018
00:15
Thanks 1gw - good and informative post !
masurenguy
13/6/2018
23:14
I've done a bit of digging back over old notes and I think I have a narrative to match up the exuberance of the TU with the somewhat ho-hum nature of the final results. I remembered correctly on 2HFY17 revenue: at $4.02m it was actually slightly higher than the $3.95m in 2HFY18. So year-on-year decline in 2H revenues. Hardly worthy of the "significantly ahead of expectations" TU comment at first sight. But going under the skin a bit and 2HFY17 was flattered by international revenue, specifically the Saudi contract. If I look at the significant (i.e. 10%+ of revenue) customers for the year, I have: FY17: $1.2m, $1.0m, $0.9m, $0.5m FY18: $1.4m, $0.9m, $0.9m International revenue fell from $1.4m in FY17 to $0.4m in FY18 and there was only $0.7m revenue in total (North American and International) in 1HFY17 so there can't have been much international revenue then. So definitely more than $0.7m international revenue in 2HFY17 and probably over $1.0m. Taken together with what I picked up from the AGM this makes me think the Saudi contract probably contributed about $1m revenue in 2HFY17. Although Enteq have talked about this being an ongoing relationship it would appear they haven't had much, if any, revenue from it in FY18. So if I say the Saudi contract was one of the "lumps" that Enteq say characterises their international business, it appears they were relatively lump-free in FY18. Stripping out this $1m lump of presumed international earnings from 2H FY17, the figures would then show nice YoY growth - from $3.0m in 2HFY17 to $4.0m in 2HFY18. If I assume that Saudi was the $1.0m significant customer then it looks like 2 of the other significant customers might have increased business nicely over the year ($0.5m to $0.9m and $1.2m to $1.4m) while the other stayed flat, although it is possible that the 3 FY18 customers were not all there in FY17. Taking just the North American revenue performance for the full year, it wasn't far short of doubling, from $3.3m in FY17 to $6.0m in FY18. This was masked by the 2/3 decline in international revenue from $1.4m in FY17 to $0.4m in FY18. So after all that as context, the narrative I have come up with is that management probably knew that there weren't going to be any big lumps of international revenue in FY18, so they were expecting a significant fall in international revenue. But they were surprised by the strength of the North American business (lots of relatively small orders coming in from their main customers). So the "significantly ahead" I think reflects the strength of this core North American business. And given the nature of the North American business - lots of repeat business in relatively small amounts from customers with whom they have good relationships - then if the oil price stays in the zone (say WTI above $60/bbl) it seems reasonable that they can expect the 2HFY18 run-rate to be at least maintained through FY19 - say $3.7m or so of North American revenue per half. This is consistent with their outlook statement about "Core market of USA land drilling expected to remain near current levels". Given the low FY18 base for international revenue it seems there must be a reasonable chance of a big lump showing up in FY19, which would further improve the figures. So all guns firing at home, and international looking to land another big one in order to give the company a stellar FY19! A fair bit of speculation here. Please do your own research.
1gw
13/6/2018
20:57
I think some maybe expected a more glowing tone given the recent increase in the price of oil. However, I am happy enough at this stage. It is well managed and in time I think will exploit the growth opportunities.
rp19
13/6/2018
13:03
Current market cap is £20.4m of which £11.65m (57%) is net cash ! EV is therefore only £8.75m.
masurenguy
13/6/2018
12:51
I don't have my records to hand, but didn't they do something like $4m in 2H the year before as well though? I think that year it may have had a lump of international in it whereas perhaps last year's 2H number has more N American which is more likely to be sustained through to 1H this year.
1gw
13/6/2018
11:22
rivaldo Thank you for further comment drawing our attention again to the improvement of H2 over H1. I must confess that I did not read your first one as carefully as I should have done.
varies
13/6/2018
10:44
People don't seem to have cottoned on to the H2 upturn. I repeat, NTQ made $4m of sales in H2 compared to only $2.5m in H1, and achieved $0.5m EBITDA in H2 alone (up from a $0.3m loss in H1). This year then, we can hopefully see a minimum of $1m EBITDA, and potentially quite a lot more given the rate of growth. That's on top of the $15.5m cash pile.
rivaldo
13/6/2018
09:02
The phrase "significantly above expectations" in the recent trading statement for 2017/18 suggested a decent profit to me but I see now that I was a little naïve. Much seems to depend on the American rig-count.
varies
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