Proactive Research analyst Ed Stacey gives his assessment of Enteq Upstream PLC’s (LON:NTQ) results for the year-end March 2020 as well as the ongoing trading environment. Stacey says overseas revenues rose strongly to US$3.2mln (versus US$1mln the year before) led by new business in China. He adds that Enteq is still on track to end FY March 2021 with a […]
Proactive Research analyst Ed Stacey says the strong net cash position on Enteq Upstream’s (LON:NTQ) balance sheet (US$10mln) is an important element of the investment proposition. He believe that with its reduced cost base, the company will be able to trade through a very depressed revenue environment in 2020 (and 2021 if necessary) without needing to access fresh capital. Click […]
CEO Martin Perry tells Proactive how the current outbreak has impacted Enteq’s business based on its year-end trading update. He says results are anticipated to remain broadly in-line with earlier full-year expectations with revenues in the region of $11m, while its cash balance remains is $10.0m.
Proactive Research analyst Ed Stacey gives his view on Enteq Upstream PLC’s interim results to September 2019 which saw revenues increasing 58% and adjusted underlying earnings (EBITDA) up 143% year-on-year. Stacey says major new customer wins in China reflect the company’s strategic initiative to increase international revenues and he expects these to continue growing. Click here to read Ed Stacey’s […]
Martin Perry talks Proactive London’s Andrew Scott through their interim results to September 2019. The company generated US$6.5mln of revenue in the six months compared to US$4.2mln in the same period a year before. Adjusted underlying earnings amounted to US$1.5mln, up from US$600,000 in the first half of 2018.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
These cookies are essential for the website to function and use its features, it also covers security and accessibility. You can read more about this in our Privacy Policy.
This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.
Keeping this cookie enabled helps us to improve our website.
Please enable Strictly Necessary Cookies first so that we can save your preferences!
More information about our Cookie Policy
