ETQ.L Share Price (ETQ)

Cash offer looks to be in the bag, very little stock available to the market if 66% of the capital voted in favour of the decision. Another good performer leaves AIM for the right reasons.

Very impressed with the results, to keep growing year on year is a great achievement and I congratulate the management and staff. Time to find some spare cash and buy a few more !

this is a great little company just keeps getting better

Continued high level of sales and more money in the bank. And you know that if the company is sold it will be for considerable more than today's market cap. I'm buying some more....

Although it's not appearing ( as I write) n the 'live rns', the below was announced this am by rns: 'Commencement of Formal Sale Process The Board of Energy Technique announces that it has resolved to offer the Company for sale by means of a formal sale process in accordance with Note 2 on Rule 2.6 of the City Code on Takeovers and Mergers (the "Code"). Energy Technique's trading subsidiary, Diffusion, is a market leader in the manufacture of premium quality fan coils and commercial heating products. Diffusion's products are installed into commercial offices, hotels, airports, retail outlets, schools, and more recently high-end residential developments. All products are designed, developed and manufactured to customers' bespoke requirements from Diffusion's 30,000 sq. ft. manufacturing facility in West Molesey, Surrey. On 2 February 2015 the Company announced its unaudited trading results for the nine months ended 31 December 2014 showing sales for the period had increased by 16% over the corresponding period in 2013 to £8.14 million (2013: £7.04 million) with a substantial improvement in operating profit of Diffusion to £858,000 (2013: £605,000). Whilst the Board believes that the Company has a secure future as an independent business, the Board has taken this decision in order to seek to unlock and crystallise value for shareholders.' And the sp dropped?? It has been said by many posters that ETQ delivers what it says, and this seems a v strange decision. It maybe that the 'family' are ageing?, and want to retire with money in the bank? I do not understand the sp fall. It does not own the property in London, but the technology and it's name must give a premium on the sp. The spread is confusing. 2,9 - 3.15. I bought more today, 600 at £3.01 ( went thru as a sale), and a dummy sell was 2.93. so the spread is actually about 2.5%. Would it sell out at £4M, £2.00 sp, PE = 12 on last a/cs. This would be contrary to last paragraph of rns re. S/H value. I hope the BOD has not had a bust up, and will take eye of ball during this sale process, which could be protracted, and may not end with acceptable offer for us PI's, but may suit BOD. Guessing! All will be revealed in time.