01 July 2020

Enteq Upstream PLC: Analyst expects new business opportunities to lead to ‘much higher revenues’


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 large net cash position and believes that this provides scope for the company to consider additional investment opportunities that could become available in the current environment.

Click here to read Ed Stacey’s research upldate on Enteq Upstream

Original Article