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
  +0.00p +0.00% 24.80p 0 14:00:03
Bid Price Offer Price High Price Low Price Open Price
24.00p 25.60p 24.90p 24.80p 24.80p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 3.8 -0.9 -1.6 - 15.33

Enteq Upstream (NTQ) Latest News

More Enteq Upstream News
Enteq Upstream Takeover Rumours

Enteq Upstream (NTQ) Share Charts

1 Year Enteq Upstream Chart

1 Year Enteq Upstream Chart

1 Month Enteq Upstream Chart

1 Month Enteq Upstream Chart

Intraday Enteq Upstream Chart

Intraday Enteq Upstream Chart

Enteq Upstream (NTQ) Discussions and Chat

Enteq Upstream Forums and Chat

Date Time Title Posts
13/3/201811:05Enteq Upstream plc742
15/9/201506:14*** Enteq Upstream ***2

Add a New Thread

Enteq Upstream (NTQ) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Enteq Upstream trades in real-time

Enteq Upstream (NTQ) Top Chat Posts

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 24.80p.
Enteq Upstream has a 4 week average price of 24p and a 12 week average price of 23p.
The 1 year high share price is 28.50p while the 1 year low share price is currently 19.50p.
There are currently 61,819,682 shares in issue and the average daily traded volume is 144,514 shares. The market capitalisation of Enteq Upstream is £15,331,281.14.
1gw: I was quite favourably impressed, but clearly difficult to get a proper read from a single meeting. Someone (CEO or CFO) made a comment, in response to my observation on the share price in relation to cash holdings, that they had attracted some deep value investors for precisely this reason, so I think they are aware of their shareholder base. The other thing that I think is relevant here is the way in which they have reduced cash expenses in order to preserve cash over the downturn. This has included reducing the size of the board (chairman leaving the company and COO leaving the board) and taking shares in lieu of salary (see 16th Dec 2016 rns for example). So their actions to me suggest a sensitivity towards shareholder concerns.
dacian: Thank you 1gw, no chance of returning some to shareholders then. What was your gut feeling about the ceo/management (I never met them) , do you think they care about the share price?! do they care about shareholder returns or they're just happy to run the co for a living. That would be my main reluctance in going overweight here. My understanding from their post crisis financial statements is that they'll go for organic and profitable growth this time, I'd much prefer that.
1gw: Well just to be boring I've bought some more - at 20.7p. NTQ now my top holding despite the fall in share price from the highs.
1gw: Well those buys of mine at 28p back in April don't look so well-timed now! Even showing a small loss on my overall holding at the current price. Current share price seems odd to me given approx 20p/share of cash/equivalents, 30p/share of net assets (both at end-March) and what looks to be a fairly encouraging market environment in US shale. I must be missing something, I suppose.
1gw: I was hoping for a better outlook. But, by my calculations there's still about 20p/share cash and 30p/share net assets, so it feels like there's a lot of downside protection in the current share price.
1gw: Well it does sometimes feel that I'm helping to support the share price. But given the net tangible asset value and in particular the cash position, it feels to me like a relatively low risk (for a very low market cap oil services co!). We shall see.
1gw: Some of those buys today were mine. Although the share price has left cash (& equivalents) per share behind (about 20p/share), it is still a bit below tangible net asset value per share (as of 30th September accounts) by my calculations. Which still seems like pretty good value for a business operating in an industry that hopefully is well beyond the cyclical trough and may have a good period of recovery ahead of it.
dacian: Still early days into recovery and should it continue ( I think it will) , at some point we should get news of new work coming through. Until then, the balance sheet will support the share price. Http:// Http://
1gw: That's me buying some more. Still think this looks great value, even after the run-up in share price, given the cash, net asset position and recovery in oil and (especially) gas price.
1gw: I think a key difference between Enteq and most (if not all) of the other service companies is the huge cash pile that Enteq holds relative to its market cap. Which suggests to me that the underlying business is valued at not much more (or perhaps even less) than breakeven in perpetuity and so I would have thought that the share price ought to be more highly geared to any positive change in sentiment regarding the prospects of the underlying business.
Enteq Upstream share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
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:32 V: D:20180318 09:53:06