Enteq Upstream PLC’s (LON:NTQ) Martin Perry speaks to Proactive London’s Andrew Scott after reporting increased revenues in the year to the end of March 2020. Sales in the twelve months rose to US$10.9mln (2019: US$10.2mln) with underlying profits 24% higher at US$3.1mln. Perry says growth outside of the US, especially in China and Saudi Arabia, helped offset the weak US […]
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 […]