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Mitesh Dhanak, CEO provides an overview of the interim results for the period ended 31 July 2023.
Watch the video here: https://www.piworld.co.uk/company-videos/eneraqua-technologies-etp-half-year-results-overview-october-2023/
Or listen to the podcast here: https://piworld.podbean.com/e/eneraqua-technologies-etp-half-year-results-overview-%e2%80%93-october-2023/
Today, Wednesday 11th October, Eneraqua Technologies are hosting a webinar for investors and potential investors.
Register here: https://bit.ly/ETP_FY24_H1_webinar
Hopefully a bargain price, if you can hold 18-24 months this should see 180 again, interest rates lowering and the push for net zero should encourage more demand. Hopefully a few wins in India will kick start a bigger demand there.
The main thing is nothing has been cancelled
Horrible statement-not sure if it’s cheap or expensive given the backdrop
Wednesday, 11 October, 11:00am
Mitesh Dhanak, CEO & Iain Richardson, CFO, will present H124 results followed by Q&A.
Register here: https://bit.ly/ETP_FY24_H1_webinar
I wonder if this article is about Eneraqua? They offer the Control Flow water-saving products.
https://www.politics.co.uk/mp-comment/2023/09/26/henry-smith-ministers-do-not-need-to-scrap-river-pollution-rules-to-build-more-houses/
Good new, knocked back by the house of lords, they do have a point!
https://news.sky.com/story/government-loses-bid-to-relax-waterway-pollution-as-lords-rebel-12960709
Looks like a couple more 50k buys gone through. More than likely Directors again, all positive from here. H1 update shortly should push us back, looking forward to full year guidance and increased positive cash flow. The company could buy c20% of shares back with cash, this will move higher in due course.
RNS just released confirms the £50K buy was that of a director.
Yes Koolhead, quite remarkable and I can't remember the last time this happened especially in such a dire market.
Nobody rings a bell when the bottom is reached but I think this comes somewhere close.
3 big orders for around 30 mill. £26 mil received H1 and i think around £60 left for H2. Already oversold and probably on a few more people's watchlist now it's dropped ao far with revenue above MCAP, EBITDA @ 25% of SP same applies for cash in the bank.
Does anyone have a view on why the SP is now higher than before the profit warning? Is it just the IC article? Seems a bit weird for a company to say profit will be 'materially below' analyst consensus and then two days later the share price is higher than it was!
Big buy at 14:09 £50,000. Directors buy?
Well done all who topped up a bit yesterday, me included
Looks like everyone with stop losses got mugged here yesterday, it was already way oversold, I wouldn’t be surprised if we see this over £1 today.
Agreed fireblade, even at 4x so 320p that's a 120m mcap and a PE of around 14, nothing for a growing company, sit on your hands and wait for this to grow.
I'd rather they keep the divi it's aeound 360k I think, grow the cash at hand and increase the balance sheet.
Oct 11th will be interesting, should be some solid results and move higher
The drop has been way over done since May, 6 months ago it was £3.80, I managed another load today at 65p, just sit back and wait now for the recovery, profitable company paying a dividend, this should be trading at £1.65 plus
Drop is a bit over done here.
Even if this building side isn't reversed the potential offset application as stated could be beneficial. Contractually we may get something dependant on the stage of projects/contract already in place.
I've topped up 2k @75p easy decision, stick with it for 12-18 months and we will be back at 160 minimum.
48% circa £70mil still to be realised this FY and if i read it right + the £26 mil H1 nearly £100 revenue. 20% of mcap in the bank. PE around 2.5
I just bit the bullet and bought some more, I think this net neutrality thing will get reversed.
Unbelievably cheap
A badly thought out plan by a government that probably won't be in power by the end of 2024. Lab/green coalition reintroduce the limits and back in progress. Also states in the RNS that the government plan might actually boost ETP through the a carbon credit-esque scheme. Clearly the board aren't concerned as seen with the dividend payment. Oversold on the open. Quick bounce I should think.
I would imagine so -25% EBITDA expectation at the moment, H1 revenue is still £26 mil, EPS based off last year around 2.5x as it stands. Great opportunity to buy on the cheap, this will return to 90p with certainty from the government. I'm hoping my order fills at 61p
Reason for 35% drop? Couldn't see anything alarming on a quick skim of rns, is it just uncertainty?
How much cash/debt?
Thanks