Enteq Upstream Share Price (NTQ)

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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	Shares Traded	Last Trade
	-0.50p	-2.17%	23.00p	0	08:00:19

Bid Price		Offer Price	High Price	Low Price	Open Price
21.00p		25.00p	23.00p	23.00p	23.00p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers	4.61	-0.43	-0.71		14.2

Related Shares
Shell A (RDSA), BP (BP.), Spitfire Oil (SRO), Katoro Gold (KAT)

Enteq Upstream (NTQ) Latest News

Enteq Upstream News

Date	Time	Source	Headline
08/1/2019	11:28	ALNC	Enteq Upstream Sells Drilling Measurement Kit To European Customer
08/1/2019	09:04	ALNCF	Alliance News Flash Headline
08/1/2019	09:00	UKREG	Enteq Upstream PLC Market Share and Internal Sales Appointment
11/12/2018	12:25	ALNC	Enteq Upstream Forms New Commercial Collaboration With QDC
11/12/2018	12:00	UKREG	Enteq Upstream PLC New commercial collaboration
05/12/2018	11:49	ALNC	Enteq Upstream Files UK Patent Application For New Measurement Tool
05/12/2018	07:00	UKREG	Enteq Upstream PLC Filing of new patent
15/11/2018	11:22	ALNC	Enteq Upstream Outlook Confident As Revenue Rises On Higher Oil Price
15/11/2018	08:46	UKREG	Enteq Upstream PLC Correction: Interim Results
15/11/2018	07:00	UKREG	Enteq Upstream PLC Interim Results

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Enteq Upstream (NTQ) Share Charts

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Enteq Upstream (NTQ) Discussions and Chat

Enteq Upstream Forums and Chat

Date	Time	Title	Posts
08/1/2019	14:09	Enteq Upstream plc	871
15/9/2015	06:14	* Enteq Upstream *	2

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Enteq Upstream (NTQ) Top Chat Posts

Date	Subject
23/1/2019 08:20	Enteq Upstream Daily Update: Enteq Upstream is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker NTQ. The last closing price for Enteq Upstream was 23p. Enteq Upstream has a 4 week average price of 18p and a 12 week average price of 18p. The 1 year high share price is 40p while the 1 year low share price is currently 18p. There are currently 61,819,682 shares in issue and the average daily traded volume is 4,232 shares. The market capitalisation of Enteq Upstream is £14,218,526.86. Read Full Thread Reply
08/1/2019 09:17	1gw: Nice rns. Can the share price please take note. Read Full Thread Follow Reply
15/11/2018 14:36	rivaldo: Good interim results today, with steady improvement in all respects. No "excitement" as such, so unsurprising to see the share price drift a little in these markets, but the outlook is going in the right direction. I note the North American rig count has continued to increase slightly since the 30th September interims date, even with the oil price falling. - NTQ still have over £9m of cash against the £15m m/cap - they achieved $0.7m cash inflow in H1 before working capital movements - international sales increasing nicely to Saudi, China, Russia etc - new technologies being released commercially and patents published - geothermal drilling sales being made in the Far East and Europe Another set of decent results, with a contract win or two, could see the share price back to 40p assuming the oil price stays at current levels or better. Read Full Thread Follow Reply
15/11/2018 07:51	1gw: Well I get the 60%+ YoY growth in revenue, but not highlighted (as a %) on the front page - have to go to "Overview of results" to see: "The first half revenue of US$4.2m represented a rise of 66% over the US$2.5m for the first half of last year..." It doesn't translate very far down the income statement though, being more than offset by increases in COS and admin. Very good to see the growth in adj EBITDA to $0.6m. [Note there's a mistake in the adjusted earnings line I think - should be (261), not (61)] Good also to see the $0.7m operating cashflow before changes in working capital. WC eats it up though with inventory up by the same amount and receivables up, payables down, meaning $1.4m net cash outflow on operating activities. So revenue strongly up (YoY), profitable at the adj EBITDA level, investing to grow and net assets per share still looking good relative to the share price, although the cash component of that coming down. [errors excepted] Read Full Thread Follow Reply
02/10/2018 09:39	rivaldo: The latest issue of Master Investor magazine is out today, and there's a feature on "picks and shovels" companies in the oil and gas sector - one of which is NTQ. It concludes: Https://masterinvestor.co.uk/magazine/?utm_source=Daily+Bulletin&utm_campaign=46b0370d71-MI_Magazine_Alert_October_2018_DB_&utm_medium=email&utm_term=0_25eff0bb7f-46b0370d71-34898813 "Valuation Despite the oil price having risen by around 11% since Enteq's upbeat April trading statement, the shares have slipped back from their May peak of 40p to the current 26p. That currently values the business at £16.3 million. The real kicker to the investment case here comes in the form of Enteq's large cash pile, which stood at $15.5 million (£11.8 million) at the end of March. This rose by $0.2 million over the year despite statutory losses of $0.6 million being posted. Management did well to preserve funds, with a $2.5 million working capital inflow being a highlight. So if we strip the cash out of the valuation, the markets are currently valuing Enteq's operations at just £4.5 million. With brokers looking for c.$1 million of pre-tax profits for the year to March 2020, the shares will look very cheap if forecasts are hit. Share price catalysts along the way will be the upcoming interims in November and further positive trading updates." Read Full Thread Follow Reply
24/7/2018 08:01	rivaldo: 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.’" Read Full Thread Follow Reply
07/6/2018 14:16	1gw: I'm not sure anyone really covers Enteq, do they? I picked up an Investec note as a result of attending last year's AGM. The note was dated June 2017 and just looking on Barclays now, what Barclays is presenting as "current" forecasts look suspiciously like the numbers in the Investec note. But it looks to me like the share price closed at 24.5p on 17th April, the day before the TU, so I have to think the current share price reflects much upgraded expectations, whether or not those expectations are reflected anywhere in a broker forecast. Read Full Thread Follow Reply
07/6/2018 11:16	firtashia: AFAIK, despite the TU there were no subsequent upgrades to broker forecasts. The only forecasts I can find were last updated in Sep 17 which showed NTQ was expected to be loss making (EPS -1.13P, PBT -£0.7m). So any move into profitability should hopefully surprise the market positively and boost the share price. Read Full Thread Follow Reply
15/5/2018 17:27	1gw: Heck of a share price trend recently. Happy days. Read Full Thread Follow Reply
08/5/2018 19:54	1gw: Looks like some fairly serious selling down by our deep value fund, so the share price is doing pretty well to stay put, never mind increase imo. Read Full Thread Follow Reply
22/3/2018 15:25	1gw: This is a frustrating share at times. Oil price (WTI) comfortably over $60/bbl, articles all over the place about growing US production and yet the share price can't seem to get near net asset value. IMO this should be a company valued as poised for significant growth, not a company valued on a going-out-of-business basis. I suppose it doesn't help that a fund with "deep value" in the title has just sold down. I can only assume that some would-be investors are sitting on their hands waiting for an April trading statement to see if the company really is sufficiently well-resourced to respond to the better oil price environment. Shouldn't be too long to wait now. Read Full Thread Follow Reply

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