Entu (UK) Share Discussion Threads

[speedsgh] 30/10/2014 10:15

SteMiS - Only heard about Entu today. I suspect that the prospect of the 8% yield is being used as a carrot in the current low interest environment to draw in investors. However the risk of the directors dumping a load more stock on the market when their lock-in on remaining holdings expires in 12 months time is enough for me to confine this to the watchlist for now. I'm not a trader but, if I were, there might be an opportunity to make a relatively quick profit as word of the prospective 8% yield gets round + if some notable tipsters pick up the story (e.g. Simon Thompson at IC). Aimho.

[speedsgh] 30/10/2014 10:10

Admission doc -

EDIT - Sorry, Stemis. I see you have now put this in the header.

[stemis] 30/10/2014 09:57

I'm suspicious of the related party activity in this company. Also not a big fan of Zeus who acted as Broker.

[speedsgh] 30/10/2014 09:55

from Edison today...

Entu: Efficient Investing -

Entu has a differentiated offering and structure in an increasingly crowded quoted RMI sector. There is a clear platform for volume growth in its energy-efficient home-improvement space with a financial model generating cash that can accelerate corporate development and/or be returned to shareholders. As it is, Entu is making its AIM debut on a prospective 8% yield with single-digit earnings multiples.

NOTE: Founding shareholders have placed half of their stakes as part of the IPO but remain, in total (and including management) 50% shareholders. The retained holdings are subject to lock-in arrangements for one year after the admission to AIM (prospectus Part IV, paragraph 9).

[stemis] 30/10/2014 09:26

Web site - [www].entu.co.uk/

Edison research - [www].edisoninvestmentresearch.com/research/report/entu

Interview with CEO - [www].directorstalk.com/entu-uk-plc-starts-life-aim-today-new-admission-latest-interview-ian-blackhurst/

Admission document - [www].entu.org/beta/wp-content/uploads/2014/10/Forest-Admission-Document_Web-Version-Final.pdf

The placing was at 100p. Management placed 50% of their shares. No new money was raised.

I do not hold shares

The admission document shows the company have made substantial loans to other companies 'not in the group but under control of common directors', many of which have turned out to be bad. Some remain outstanding. I'd be cautious of such related party activity.