Enteq Technologies Share Discussion Threads

[p1nkfish] 05/9/2014 17:00

I see value here that will out in the next 2-3 yrs.

Don't think they have started to address Lat Am yet but there is potential there.

Well under the radar as a company. Quiet PBB.

[sturmey] 05/9/2014 15:51

Rivaldo,

Thanks for mentioning my recent post on MF (under my MF name "Kuronagi")

I have been buying (and averaging down) since my first purchase in November 2013 at 52p. My average price now around 39p.

During this period, I have watched the share price and trading volumes carefully and hypothesise that there has been a constant seller - possibly one of the institutions which bought in at the IPO.

Around January, the IC ran a large positive piece on NTQ which barely moved the share price My guess is that the main seller used this chance to unload more shares.

As the share price fell further, individuals who bought on the IC recommendation may have bailed out thus exacerbating the share price fall.

Over the last few months, we have seen positive news including decent results, progress in China, more director buying including a significant purchase by the CEO and, possibly most significant, notification of a 5% holding by Schroders.

My piece on the MF was essentially about E&P companies and concluding that the risk/reward balance was generally unfavourable. NTQ is a different "kettle of fish". Much of the upside potential is unknown and much reliance is placed on the track record of the management team.

At the current share price of around 32.5p, I think the potential upside is considerably greater than the downside.

[p1nkfish] 04/9/2014 19:53

I've added.

[woodcutter] 04/9/2014 17:35

someone likes them, quite a few buys today............and a decent size sell too.

WC

[p1nkfish] 03/9/2014 19:45

They arectargetting the right market.

[simon gordon] 03/9/2014 16:12

Your Oil and Gas News - 27/8/14:

Enteq appoints Shenkai as new distributor in China

Enteq Upstream PLC (Enteq), a provider of systems and components for Measurement While Drilling (MWD) and directional drilling, has appointed Shenkai as its new distributor in Shanghai.

Shenkai will supply Enteq drilling products, particularly the XXT MWD product line, to the Chinese market.

As a large public company specializing in oilfield products such as mudlogging equipment, Shenkai will provide Enteq with in-country support and will hold substantial stock. In a significant commitment, Shenkai has initially incorporated five Enteq kits into its stock, valued at approximately $2 million.

Martin Perry, CEO, Enteq, said, “We chose Shenkai because of their enthusiasm towards the partnership, their significant size and the sheer range of resources that they have available. With more than 1000 employees throughout China, Shenkai can provide the sales force necessary to penetrate the geographically dispersed China oilfields. We also value the trust, security and transparency incumbent in working with a fellow public company.”

CS Fan, Enteq’s China and South East Asia (SEA) sales manager, will manage the relationship from China. “This partnership will mean a significant presence for Enteq in one of the world’s busiest drilling markets, with huge future sales potential,” he said. “We expect that this relationship with Shenkai will evolve into technical and manufacturing cooperation in the future.”

The partnership with Shenkai is the latest in a number of international deals completed recently, serving to enhance and grow Enteq’s business in China



=====

EDIT - just noticed this was mentioned in the Prelims:

"Enteq has appointed Shanghai SK Petroleum & Chemical Equipment corporation, a publicly listed company in Shenzhen as an exclusive distributor for China with agreement for further co-operation. An initial order, for delivery within H1 FY 2014/15 of approximately $2m has been placed for demonstration systems and initial inventory. "

[rivaldo] 03/9/2014 15:50

This excellent post on T.M.F by a retired equity analyst was made whilst I was away on hols, so only just noticed it - primarily about oil sector investment in general, but includes this nice snippet:



"Finally, let me plug a small oil services company which I think has more potential than most of the E&P stocks. Enteq Upstream (NTQ). Terrible chart (listed 2 years ago at 100p now 32p) but cash rich, experienced management, good institutional shareholders, director buying at higher SPs, profitable, minimal discussion on ADVFN etc etc."

[p1nkfish] 02/9/2014 14:32

Recently saw the figures for Shale Gas reserves globally and China is #1. The Russian #'s were not available. US was #2. China could become the 2nd largest exporter outside of the US.

There is a big push on by the Chinese and NTQ might just be in the right place at the tight time.

[woodcutter] 19/8/2014 18:28

Having originally been a bit sceptical when the share price was around mid 50pish I've now made a few purchases above the mid 30's, it looks very much like a further buying opportunity may be presenting itself.

Some interesting thoughts from the last results taking aside the impairment charges and release of contingent consideration and D&A etc

yoy revenue growth was almost 60% yet admin expenses growth was only around 21%
although gross margins did decrease from 43% to 40%. Will be interesting to see how the H1 figures pan out relative to these metrics.

WC

[p1nkfish] 18/8/2014 08:29

Hastings, was telling that there was an article co cerning driving into export markets that mentioned product customisation mentioning NTQ. This was a wbile back before the drive into China started. This is a buy and stash away for a couple of years.

[hastings] 17/8/2014 20:56

very quiet, added a few thoughts that may be of interest.

[p1nkfish] 16/8/2014 08:39

Beautifully quiet. Might add a few more to holdings.
Good luck everyone.

[skyship] 17/7/2014 15:57

ammons - true - slightly off my beaten track; but I'm allocating c10% to "plays" at the moment due to a very quiet spell in my normal VALUE area.

# We both hold DSC of course - scburbs states an IMS there tomorrow.

# AEY - strewth one from my past best forgotten. 2008 was not a happy year - fortunately followed by the fantastic 2009!

[skyship] 17/7/2014 12:44

Were they holders before - a quick look suggests not. So perhaps the RNS is incorrect and they are a new holder crossing the 3% threshold in a positive direction!

[rivaldo] 17/7/2014 12:19

Cam someone please translate today's holdings RNS?!!



HARK have retained exactly the same amount of shares, and declare at the end that they own 3.1% - yet the "threshold" box indicates they've gone below 3%, which directly contradicts the closing total percentage box....

[ammons] 11/7/2014 16:26

I hope this one doesn't go the same way as AEY!!! Seems a strange share for you to be into, SKYSHIP.

[simon gordon] 11/7/2014 16:26

Fundie still unloading if COO can pick up 76,000 at 34p.

[paleje] 11/7/2014 16:14

Skyship, CEO followed you, you must know something he doesn't.

[skyship] 11/7/2014 12:47

Sentiment still massively against this, but Morgan Stanley added 500k recently, so I've done my bit with a 15k starter @ 34.7p!

Allocation is that for an outright spec rather than an investment; so will add when I'm sure this deserves investment status...

I had an unsuccessful small foray earlier this year - bought @ 46p and exited at 40p - so am being rather cautious.

[p1nkfish] 03/7/2014 23:22

updated website.

[p1nkfish] 02/7/2014 22:55

Google the below, dated 1st July 2014.

'Enteq Adds LWD Offering To Product Line'

[rivaldo] 23/6/2014 14:13

Many thx penpont as always. That's a concise summary of where NTQ is now.

[penpont] 20/6/2014 13:13

Here it is rivaldo. Am just stating to look at this co:

"Our timing wasn't particularly good," admits Enteq Upstream's (NTQ) chief executive Martin Perry. The company raised £57m in 2011 and early 2012 to acquire innovative drilling technology businesses in the North American oil and gas sector. But shortly thereafter, natural gas prices plunged and drilling activity fell dramatically - along with Enteq's share price.

Last year, the market broadly stabilised and drilling for oil - the price of which remains reasonably high - improved. "Steady is the word I would use to describe market conditions now," says Mr Perry. Sales of Enteq's bundled drilling equipment are starting to pick up again and like-for-like revenues increased 24 per cent in the year to end-March, with new customers representing greater than 25 per cent of total turnover.
Nevertheless, Enteq is pressing ahead with cost-cutting - especially at its head office - as it focuses more on organic growth rather than its previous 'buy and build' strategy. This, as well as the downturn, resulted in non-cash impairment charges of $9.8m (£5.8m) during the year. Strip that out and Enteq is actually modestly profitable: cash profits climbed to $1.9m from $0.1m the year before.
Broker Investec Securities expects adjusted EPS of 4.2¢ for 2015 and 5.7¢ in 2016 (from 2.2¢ in 2014).

Enteq's shares have continued to drift lower and they're now 24 per cent below our buy tip (49p, 16 Jan 2014). Adjust for cash, though, and they trade on just seven times 2015's forecast earnings, which is too cheap given the near-term potential for recovery in the North American drilling market. Buy.
Last IC view: Buy, 49p, 16 Jan 2014

[rivaldo] 19/6/2014 15:08

I note there was an article on Monday in the IC - anyone got full access or more details?



"Enteq's turnaround plan
By Matthew Allan,
16 June 2014

"Our timing wasn't particularly good," admits Enteq Upstream's (NTQ) chief executive Martin Perry. The company raised £57m in 2011 and early 2012 to acquire innovative drilling technology businesses in the North American oil and gas sector. But shortly thereafter, natural gas prices plunged and drilling activity fell dramatically - along with Enteq's share price."