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% 32.50p 32.00p 33.00p 32.50p 32.50p 32.50p 200 05:30:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.6 -0.4 -0.7 - 20.09

Enteq Upstream Share Discussion Threads

Showing 801 to 825 of 825 messages
Chat Pages: 33  32  31  30  29  28  27  26  25  24  23  22  Older
DateSubjectAuthorDiscuss
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
13/6/2018
08:31
A few profit takers at the open but buyers coming in should move the shareprice up again shortly!
masurenguy
13/6/2018
08:25
Haha you couldn't make it up could you.
fozzie
13/6/2018
07:43
Cautiously optimistic here. This business has been through a severe downturn and will have pared back every cost they can. Any improvement in trading should make for accelerated growth. I am a hopeful holder.
fozzie
13/6/2018
07:39
Agree with the two comments above. For me the most positive takeaways were cash, increasing rig counts and further investment in product development to enhance their competitive position. "Cash reserves during the year have increased once again even though investment in Engineering, Product Development and increases in the rental fleet have continued. This has been achieved as a result of prudent and decisive management initiatives taken throughout the down-turn and which have continued into this current period. The key market indicator of the North American rig count has continued to increase to the current level in excess of 1,000 compared to 840 in April 2017 and 420 in April 2016. However, this remains significantly below the 2,000 plus level of 2014. Although activity levels have improved, the pricing in the market generally remains under pressure with margins for operators, service companies (Enteq customers) and suppliers continuing to be squeezed. Enteq has managed the business through difficult market conditions. Cash has been preserved, there has been a return to profitability and strategic investment has been maintained. Core competencies are in place, technical differentiation is being improved and market share maintained. The business is poised for growth opportunities."
masurenguy
13/6/2018
07:30
Sometimes less is more, I guess! I found the TU more exciting than the full year results. Net assets were disappointing I thought, although it's good that they're managing the working capital - so much for it increasing as a result of the increased revenue. International revenue was also disappointing, but they have said that this is lumpy. North American revenue was great though (increasing from $3.4m to $6.0m) and I did like this statement: "Enteq is operating a strong, profitable, cash generative business in a sector which is in recovery, is sustainable long term, and is expected to grow."
1gw
13/6/2018
07:27
Much improved results, with positive EBITDA and $15.5m net cash. But most importantly....NTQ made $4m of sales in H2 compared to only $2.5m in H1, and achieved $0.5m EBITDA in H2 (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. Progress too on innovation with further patents, and growing prospects in the Middle East and Far East. I particularly like the Strategic Direction: Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/NTQ/13677165.html "Enteq is operating a strong, profitable, cash generative business in a sector which is in recovery, is sustainable long term, and is expected to grow. Enteq has a strong balance sheet, and also has the ability to raise further funds, should incremental opportunities be available. Through investment in technology, both in-house and through partnerships, the market being addressed can be enlarged. The current customer base, and therefore market share, remains strong. Additional growth outside North America is expected."
rivaldo
12/6/2018
19:12
Yes, looking forward to seeing what the net asset position is in p/share now, given they talked about having invested in their manufacturing facilities and having increased their rental fleet. Plus I presume that revenues significantly ahead of expectations is likely to mean a noticeable increase in working capital. Will we get some decent guidance for the year ahead, or discussion of options to deploy the cash if they're expecting to be somewhere near cashflow positive going forward? Here's hoping for a second shareprice spike on (effectively) the same news (but more detail) of how good full year performance has been.
1gw
Chat Pages: 33  32  31  30  29  28  27  26  25  24  23  22  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20180721 11:07:41