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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.75 | 9.50 | 10.00 | 9.75 | 9.75 | 9.75 | 13,349 | 08:00:05 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil & Gas Field Machy, Equip | 6.25M | -2.8M | -0.0397 | -2.46 | 6.88M |
Date | Subject | Author | Discuss |
---|---|---|---|
07/7/2020 18:52 | A large portion of thr money will be spent on R&D, with limited revenue in short term. Things will get ugly before recovering. Share price will probably drift until things start recovering in 2022. | dolittle1 | |
07/7/2020 09:41 | Nice summary from Proactive - note that the m/cap is now £8.8m, compared to the £8.2m cash pile: Concluding paragraphs: "In terms of new technology developments, the biggest project is the Rotary Steerable Drilling system that is under development. This project, together with other new product lines, will give Enteq an addressable market of US$2bn per year, compared with US$100mln for the current core technology offerings. The first revenues from the Rotary Steerable Drilling system could be realised in 2022, in our view. Allowing for the current pipeline of investment activities, we believe that Enteq is still on track to end FY Mar 2021 with a large net cash position. We believe that this provides scope for the company to consider additional investment opportunities that could become available in the current environment." | rivaldo | |
01/7/2020 17:39 | Nothing for you here EZ, best if you move on. | p1nkfish | |
01/7/2020 16:52 | The current management have been here quite a few years, no? Why do people say they are good? Past performance is no guarantee etc... This company has racked up $76m in losses over the years. You'd need Basil Fawlty to get this profitable consistently IMO :) | eezymunny | |
01/7/2020 13:47 | As some have said above, management have a track record during difficult times so am happy to hold in the long term. That said, share price appreciation in the short term is unlikely in my opinion. Cash is about £8.2m, market cap £9.2m. | rp19 | |
01/7/2020 13:35 | 53,959 bought yesterday at 15.562p sold today 12.962p after a positive trading update, seriously?!! and they wonder why they lose money!!! nice 100,000 bough at 14p, more of the same please cash is more than mcap ffs | rumobejo | |
01/7/2020 12:28 | Good luck holding these for the next 12 months. | eezymunny | |
01/7/2020 11:59 | Keep following EZ, whilst you follow some of us have made some money. Perfection = doesn't exist on this planet. | p1nkfish | |
01/7/2020 11:58 | -Turnover expected to be significantly lower due to US market -Shell prototype may prove great in medium long term. Short term, there is limited revenue potential. -Wonder how US-China issues will affect future sale of the products/services. This increases risk factor. So,a lot of pain in the short term before any recovery. | dolittle1 | |
01/7/2020 11:33 | Cheers APAD, appreciated. I realise I'm more patient than most! But I find that more often or not, if you back good management through bad times then the rebound is often quite spectacular. Talking of which...here's an interview with the CEO: The US market may not come back for some time (up to two years potentially). No doubt these revenues will drop markedly this year. But there are reasons to be cheerful: - the Shell prototype is being re-engineered into a downhole-ready tool. It enables a lower cost and more efficient method of drilling - the Chinese gas fields need NTQ's equipemnt given their specific layouts. NTQ are "seeing a lot of interest" as these fields are of strategic importance to China, so unaffected by price volatility. The $1m Chinese order from may has been delivered and paid for - the new Saudi partner should provide access to Aramco for NTQ - Russia has gone quiet, but should come back later in the year. The CEO visited Siberia a few months ago, and the oil fields there have similar specific needs to those in China - costs have already been heavily reduced and the cash pile is being husbanded carefully, though investment in the Shell technology will continue | rivaldo | |
01/7/2020 09:12 | They've increased cash balances in the past by running down inventories in bleak times. All well and good but tangible NAV has gone $m 32, 29, 24, 23, 22, 22 and now 17. No dividends paid. Retained earning a loss of $76m. The last few years have been bleak indeed. Hopefully they have some decent tech up their sleeve but it's been all jam tomorrow since I've been following.... | eezymunny | |
01/7/2020 09:04 | Interesting to see how the chart develops and if the recent shape becomes a cup & handle. TBD. | p1nkfish | |
01/7/2020 09:03 | Well it's a hold from me, really depends on your average price. Results make it clear management have a firm hand on the rudder and know their industry and will steer through this period. If it doesn't kill them it will only make them stronger as competitors fold. Last man standing wins big. | p1nkfish | |
01/7/2020 08:54 | Price could tickle down in absence of further newsflow. Although it is true they have divested into China and Saudi, majority of income still comes from US, where unfavourable market persists esp in the fracking sector. They also hint that they will invest further into their products, implying a drain on the cash balance. Probably a hold but not a buy until there is further clarity. | dolittle1 | |
01/7/2020 08:44 | I admire your patience, riv. 😊 Your points are spot-on, but god's toenails I am so bored with this company. As an engineer I admire them and would love to own it. As a shareholder it's like waiting for paint to dry and they are un-tradeable. Sorry about the moan and good luck with your tactic. apad | apad | |
01/7/2020 08:36 | The results are as already signalled, with $3.1m EBITDA, up from $2.5m EBITDA last year. NTQ have $10.2m net cash, against the £9.3m m/cap. The amount of non-US revenues has ballooned from $1m up to $3.2m and gives NTQ greater variety of customer protection than before. They've taken the opportunity to kitchen sink everything in one hit of write-offs, which should leave a clean Balance Sheet going forward. NTQ have the advantage of having extremely capable management who've been through all this before. They've already successfully navigated previous oil price collapses and preserved (and from memory actually increased!) the cash pile through it. Judging by the extensive job and wage cuts already implemented in March they'll likely be able to do the same this time. The current environment is obviously incredibly difficult. If the share price slips back again around the lows then I will probably pick up more ready for the inevitable upturn at some point, or progress on the Shell license agreement. | rivaldo | |
01/7/2020 08:28 | www.proactiveinvesto very positive and sound confident management | aldoeldo | |
01/7/2020 08:12 | The results are dreadful. The balance sheet has taken a massive hit. The outlook is desperate at current oil prices IMO. Just that "Enteq will maintain investment in potential game-changing technology which has the potential to address the demands for reduced costs in the future drilling environment" that keeps it on my watchlist. Whether a minnow like this has the resources to produce something better than the very big competitors remains to be seen... | eezymunny | |
01/7/2020 07:43 | Guess market didn't agree. | babbler | |
01/7/2020 07:01 | Agreed. Looks good. Bad behind them. Good to come. | babbler | |
01/7/2020 06:51 | As expected a very solid set of numbers, Decisive action has been taken and with strong international growth, substantive technical partnerships and a very healthy contingency, they are very well positioned for the new normal,....GL S | swizz | |
01/7/2020 06:50 | Pleasingly upbeat, considering, I think. | 1gw | |
01/7/2020 06:22 | Results for year ending 31 March 2020 Key features -- Growth in both revenue and adjusted EBITDA -- International revenue up from 9% to 30% of total -- Adjusted EBITDA(*) margin up from 24% to 28% -- Continued investment in new technologies and rental fleet -- Downturn in markets reflected in major write-down of intangible assets ($4.2m) & inventory ($2.7m) Outlook -- US markets uncertain of short-term recovery; oil price stabilisation will support international opportunities -- Focussed investment in new technology -- Emphasis on maintaining a strong balance sheet Martin Perry, CEO of Enteq Upstream plc, commented:"Enteq is well positioned to support current activities for the foreseeable future. In addition, Enteq will maintain investment in potential game-changing technology which has the potential to address the demands for reduced costs in the future drilling environment. Even in a medium term, reduced oil price, post Covid-19, world there will continue to be a demand for hydrocarbons and increased efficiency in drilling will be needed for the industry. With a strong balance sheet and a continued appetite to invest in focused new product development Enteq is well positioned to benefit from a return to market stability." | masurenguy | |
30/6/2020 17:50 | Good climb ahead of results. Optimistic about tomorrow but I did sell a few this afternoon - trying to learn my lesson about liquidity and take a profit on my most recent purchase, if a loss on my average purchase price. | 1gw | |
30/6/2020 15:06 | Cheers for the reminder Cheshire Man. Incongruous to see NTQ climbing nicely on the day Chesapeake file for Chapter 11, but I suppose it's the hope factor re the results. We know those results will be pretty good as above, especially the $10.2m cash pile. It's the outlook and current trading which will be most important. Hopefully there will be positive noises re more international sales and commercialisation/sa | rivaldo |
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