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The group’s AGM statement provides comfort that market conditions have been stable, with full-year results expected to be in line with forecasts, based on the anticipation of higher H2 revenues. The development of the SABER RSS product remains on track and offers significant growth potential. Finances remain strong, with net cash of $5.2m currently, with cash utilised on investment in the MWD rental fleet and development of SABER. The shares remain deeply undervalued ahead of the expected positi
Companies: Enteq Technologies plc
Dish of the day
Dispersion Holdings (AQSE:DEFI) an investor in the high growth FinTech sector within the UK, the USA and Canada, has listed on the Access Segment of the Aquis Stock Exchange Growth Market. The Board intends to deploy the majority of the Company’s cash resources in the acquisition of minority interests in a number of different, yet to be identified, companies in the broad FinTech sector, and to apply expertise to the business operations and strategic plans of these companies. Pla
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Enteq has strong medium-term growth prospects given the recovery in its existing markets, growth in new geographic markets and the introduction of new products, we argue. The new products, especially the SABER Rotary Steerable System, look potentially game-changing – extending its addressable market and transforming the investment case. The company’s FY results highlight trading has stabilised with some recovery expected, with net cash equal to c51% of market cap. New management has rejuvenated
We argue that Enteq Upstream is well-positioned for robust performance in FY (fiscal year) March 2022 and strong growth thereafter. The company recently released a trading update for FY March 2021 confirming that results are in line with previous management expectations. In this report, we present
Wickes to demerge from Travis Perkins and list on the Main Market. Expected 28 April.
Advance Energy to complete an RTO on AIM indirectly acquiring up to 50% of Carnarvon Petroleum Timor which holds a 100 per cent. working interest and is the contractor under the Buffalo PSC, offshore Timor-Leste. Carnarvon Petroleum Timor is a subsidiary of ASX listed company, Carnarvon Petroleum Limited. The net proceeds of the Placing of approximately £20.01m (approximately US$27.51mm) will be used to fun
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Enteq Upstream PLC (LON:NTQ) recently released interim results for the period ended 30 September. These are in line with the AGM statement which the company released in September. H1 revenues were US$2.6mln and the period-end net cash position was US$8.8mln. We believe that this cash position is su
Enteq Upstream PLC (LON:NTQ) recently released its annual general meeting (AGM) statement, with an update on current trading. The company confirms that revenue and underlying earnings (EBITDA) for the six months (H1) ending September 30 will be in line with previous management expectations. The com
Union Jack Oil* (UJO LN): Operations ramp up at West Newton | PetroTal (PTAL LN): Q2 2020 results - operational progress despite challenging market backdrop | Enteq Upstream (NTQ LN): Contract award in Saudi Arabia
Companies: Union Jack Oil Plc (UJO:LON)Enteq Technologies plc (NTQ:LON)
U.S. futures and European stocks dropped on Friday as investors mulled a reported conflict among policy makers over a stimulus package for the single-currency region, as well as political upheaval in France.
The Stoxx 600 Index fell after Bloomberg News reported the European Central Bank is facing a potential rift over how much their emergency bond-purchase program should stay weighted toward weaker countries such as Italy. The euro fluctuated following French President Emmanuel Macron's decisi
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Research Tree provides access to ongoing research coverage, media content and regulatory news on Enteq Technologies plc.
We currently have 18 research reports from 5
Bioventix reported FY 2021 results that showed an improvement in H2 revenue growth (+11% vs +1% in H1), suggestive of a return to pre-pandemic testing volumes and growth, resulting in FY 2021 revenues +6% to £10.9m. Adjusted pre-tax profit, however, fell 3% to £8.1m, impacted by c.£0.5m (-6%) FX movements. A 38p special dividend was proposed, resulting in a full-year dividend of 143p, up 1%. FY 2022 will be a transition year, impacted to some extent by FX headwinds (c.-5%) and the loss of c.£1.2
Companies: Bioventix Plc
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Devolver Digital to join AIM, an award-winning digital video games publisher and developer in the indie games space. Recently awarded indie 'Publisher of the Year 2021' by GamesIndustry.biz. Offer TBA. Due early Nov.
Life Science REIT to join AIM raising up to £100m. This will be the first London listed real estate investment trust (REIT) focused on UK life science properties providing investors with exposure
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We believe Keywords has a very strong business model, as it provides solutions throughout the development cycle. Keywords is an infrastructure play, benefitting from gaming industry tailwinds. 2021 is a step-change year. Thereafter we believe KWS EPS will continue to compound at attractive double-digit % rates.Buy
Companies: Keywords Studios plc
Tungsten West (TUN.L) has joined AIM. Tungsten West is the 100% owner and operator of the historical Hemerdon tungsten and tin mine located near Plymouth in southern Devon. Hemerdon represents the world's third largest tungsten mineral resource, with a JORC (2012) compliant Mineral Resource Estimate of approximately 325Mt at 0.12 WO3. Capital raised on Admission: £39m. Anticipated Mkt Cap: £106.2m.
Future Metals NL (ASX:FME, FME.L) (formerly named Red Emperor Resources NL) had joined AIM
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Companies: Mind Gym Plc
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Tissue Regenix (TRX) is focused on the development and commercialisation of two proprietary processing technologies for the repair of soft tissue (dCELL) and bone (BioRinse). It has a broad portfolio of marketed regenerative medicine products for the biosurgery, orthopaedics and dental markets. Interim results showed early signs of the benefits of its strategic activities over the past two years – the focus on commercial relationships, capacity expansion, restructuring to service demand, and rec
Companies: Tissue Regenix Group plc
Today’s trading update from Driver Group is optimistic, highlighting a material improvement in activity levels during Q4 and a positive start to Q1 ’22. The rise in demand for the highermargin expert services, combined with a decline in the impact of the pandemic on decision making, a restructuring of the Middle East / APAC regions, and new offices, have resulted in renewed positive momentum. We have introduced estimates for FY21 and FY22, with the latter reflecting these strong growth drivers.
Companies: Driver Group Plc
Companies: System1 Group PLC
Accelerating platform change aims to diversify revenues, improve business mix and lower operating costs. The bulk of this transition should be complete by summer 2022 in time for the seasonally important fourth quarter for US sports betting. The changes wrought across the organisation will hike exceptional costs in our forecasts but tangible benefits should be felt from the H2 2022E onwards.
Companies: XLMedia Plc
Water Intelligence has released a very strong Q3 update and at the 9m stage has now already achieved our FY21 Normalised PBT forecast. Group revenues advanced +43% for the 9m, led by US Corporate-Owned Locations (+79%) and International Corporate-Owned Locations (+47%), supported by Franchise Royalty Income and Franchise-Related Sales, which both grew +4%. Normalised PBT for 9m was $6.5m, equal to our FY21 estimate. The group was very active in Q3, with a Midwest Home Builder contract win develo
Companies: Water Intelligence plc
Driver Group’s year end update confirms it expects to report adj. PBT in line with expectations and net cash a touch below at £6.5m (SCM previous forecast: £7.3m). It has seen a material improvement in activity levels during Q4, giving management confidence in the current year outlook. Our FY22 forecasts are therefore unchanged, continuing to show a material improvement in earnings. We see the current valuation (11.1x Sep. ’22 P/E and 5.7x EV/EBITDA) as undemanding against an improving outlook a
RELX shares reached a new all-time high this morning following the publication of the group’s 9-month trading update. Investors welcomed the – long-awaited – bounce back in Exhibitions as well as the improved FY21e guidance.
Companies: RELX PLC
Compliance and energy services group Sureserve today confirmed in its year-end trading update that results for FY21Fwere expected to be in line with its expectations and, therefore, we are not changing our P&L estimates. However, a jump of over 30% in the order book was stronger than we envisaged and this reinforces our confidence in our FY22-23F estimates. Moreover, net cash at the September year-end was significantly higher than our FY21F forecast and, as a result, we have increased our net ca
Companies: Sureserve Group Plc
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Conduity Capital has left AIM.
What’s cooking in the IPO kitchen?
Softline the global solutions and services provider in digital transformation and cybersecurity, with its headquarters in London, is considering proceeding with a potential initial public offering of global depositary receipts representing its ordinary shares. The Company is considering applying for admission of the GDRs to the standard listing segm
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