Enteq Technologies Share Discussion Threads

[dolittle1] 14/8/2020 12:40

RNS showing Milton selling. If they sell the lot, could be a massive crash due to illquidity. Brace yourselves.

[netcurtains] 12/8/2020 14:23

Double post

[netcurtains] 12/8/2020 14:22

My view is it's a NETNET and thus can't see the harm of leaving a few hundred quid in it and see what happens

[masurenguy] 12/8/2020 13:04

Hmmm.....doLittle1 seems to be a troll, who first registered with ADVFN only a couple of months ago. He has only ever posted on this thread. Similar style to EezyMunny....could be another username!

[p1nkfish] 12/8/2020 12:33

Dyor, its not dwindling by much if any at all. Excellent cash management.

[dolittle1] 12/8/2020 11:24

You mean their dwindling cash balance.

[rivaldo] 12/8/2020 10:58

Indeed :o)) Though the m/cap is now at the level of the cash pile.

A reminder that the CEO will be presenting via webinar to investors at a Proactive forum on 20th August:



There's also news on the web site of two new products which haven't been RNS'd AFAICS?

From 8th July, a lower-cost geosteering solution to optimise well-placement and to maximise production:



From 27th July, "Enteq launches XXH, an ultra-high durability Measurement While Drilling system", for geothermal and gas drilling:

[p1nkfish] 11/8/2020 16:21

The lower the better.

[dolittle1] 11/8/2020 15:41

Continuing its downward move. Single digits soon, esp with reducing turnover and majority of income from US shale.

[1gw] 05/8/2020 19:05

Yes, 67.5m shares now following the 16th July issue of equity announcement.

[netcurtains] 05/8/2020 17:59

1gw: 31/03/2020 Accounts
Cash £8M
Current Assets 12.3M
Total Liabilities 1.7M

I have number of shares as 67M

Current Assets greater than Total Liabilities by about 10.5M

Market Cap 8M

So definitely a NETNET (by 2020 March Accounts)

You're right NAV per share is about 19p (I was using London Stock Exchange website for NAV and they are a year out of date but Wall Street Journal website has up to date figures).

Hence I bought

[1gw] 05/8/2020 17:14

Don't know about the NETNET definition, but your NAV is out of date I think. They took some write-downs in intangibles and inventory in the full year results (see 1st July release).

With the current xrate ($1.31) and shares in issue (66m) and the 31st March balance sheet, I make the NAV around 19p/share, of which around 12p was cash/equivalents.

[netcurtains] 04/8/2020 15:17

I bought as a NETNET stock (by my calculations) and NAV per share looks like its THREE TIMES the mid price.

Am I right, is this a NETNET stock and is NAV per share 34p?

[1gw] 31/7/2020 14:31

That's a pretty standard long-term performance-related plan isn't it? Better to pay out in shares rather than cash when you're trying to preserve cash. The "value" of shares to be bought at 1p should be evaluated when the plan is agreed in order to determine the quantum of shares which can be awarded. Equally, the board could have agreed on a long-term plan paying out cash rather than shares, but then cash would be going down faster.

If you look at the prices paid for shares acquired in lieu of other elements of remuneration, it is the average price over the period concerned.

[dolittle1] 31/7/2020 14:25

How about the recent freebies:

In addition, 1,115,355 new Ordinary Shares were issued under the Performance Share Plan ("PSP") that came into effect on 14 September 2014. Under the terms of this award, the performance conditions having been met, the consideration for these shares was 1p per share.

[1gw] 31/7/2020 14:03

One thing you can't accuse Enteq executive management of is not having skin in the game. Both Martin Perry and David Steel have been taking their [edit] remuneration to a material extent in shares rather than cash.

Although it is "only" £9k bought today by the CFO, he has a 2.3% holding in the company and clearly has his career and salary tied up in the company. So an admirable show of confidence to increase that exposure further I would say.

This from the annual report:

"From 1st February 2015, elements of the Board’s remuneration were agreed to be settled in shares rather than cash. The following elements of Board members’ compensation were settled in shares during year:

31 March 2020
$256,000 Martin Perry
$125,000 David Steel

31 March 2019
$415,000 Martin Perry
$200,000 David Steel"

[dolittle1] 31/7/2020 13:30

CFO added a mere £9k. How about the freebies given at much lower prices?

[1gw] 31/7/2020 13:07

Pleased to see the CFO adding. So I've added as well, buying back those I sold on 30th June.

[p1nkfish] 30/7/2020 10:46

What if it doesn't?
Be specific.

[dolittle1] 30/7/2020 10:33

Single digits soon ie where you would expect the share price to be considering wider sector activity and significantly reduced revenue. I reckon cash balance should come under pressure.

[1gw] 28/7/2020 09:14

Spot the difference competition? I can't, unless it is the type of announcement (non-regulatory vs regulatory)?

[rivaldo] 27/7/2020 14:52

Good to see NTQ continuing to pick up interesting new technologies:



Dolittle1 has an interesting profile - 8 posts since registering recently on ADVFN, all negative about NTQ. Doctor D, what's your story, or do we simply have to dismiss you as someone who merely has a negative agenda to push (i.e an ex-employee or similar)?

"Martin Perry, Enteq's CEO, commented:

"The development of this new technology is perfectly aligned with Enteq's strategy of delivering quality geosteering technologies. This technology has the potential to address one of the core needs of independent service companies operating globally. We look forward to working on this partnership with the team at Black Gold Research."