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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.
Wow...such an under-rated company.....just keeps going!!!!
On course for increased revenue, profits, cash and net assets in the Full Year results in 5-6 months time based on previous trading results and growth to date. Estimate Year End 31 Mar 2015 - £12m revenue - £3.7m gross profit - £800k profit after tax - £2.5m net assets (£1.5m cash)
Headlines · Sales increased by 24% over the corresponding half-year to £5.44 million; · Operating profit of Diffusion increased by 93% over the corresponding half-year to £630,000; · Group profit before tax increased by 127% over the corresponding half-year to £459,000; · EPS increased by 180% over the corresponding half-year to 15.1 pence per share; · Strong net cash equivalents at 30 September 2014 of £1.19 million and net assets of £1.91 million; · Enquiries and order intakes are at high levels and with M&E consultants experiencing high workloads, the Board believes this will translate into another year of growth for the year ending 31 March 2015.
Libero - If only we had all been made aware of the potential just 18-24 months ago... Alas I believe there is still scope for growth, given £8m MCAP vs last quarter earnings of roughly £200k. Trading P/E of 10 assuming no quarter on quarter growth.
BG, One AIM Energy effeciency company you should look at more closely is Energy Technique (LON:ETQ) who have a 9 F Score and excellent RS in what has been a weak small cap market. The reason they are doing well is they are producing boring looking energy efficient "fan coils" adopted by the likes of Marks & Spencer, Sainsbury's, Tesco, New Look, Boots, ASDA, John Lewis, Lloyds and TK Maxx and they are now finding their way into high end London residential properties. ETQ sales are up over 25% and are results to date are "ahead of management expectations". The downside is a wide price spread. I hold a few in my SIpp Ian - See more at: http://www.stockopedia.com/content/small-cap-value-report-7-oct-2014-nxr-ultnfc-bvxp-snty-ltc-snt-86829/#sthash.aYdr8V9s.dpuf
I'm out... You can't win them all! GLA:)
Yes Indeed. Could fly
I managed to buy 2x tranches of her!!! There are only a little more than 2 million shares on offer and a tiny market cap!!! It was an excellent RNS!!!
Afternoon Early. U in?
At a glance this looks relatively cheap, fast growing, in good financial health (even after a share buy back!), and dividend-paying. Will definitely give this more of a look soon...
I had few shares of ETQ, RBS that were transfered to my address in Australia. Now I have returned to UK how can I get these transfered to my address in UK? please help.
Sorry for the delay with my response, I've turned my back on this dog, so for that reason I haven't been following the latest developments, and because I hold them by Nominee account they have completely disappeared from my Portfolio list held by my broker, even though I hold a substantial number of shares. It looks to me like an absolutely disgraceful way for an LSE Company to behave. They are a bunch of robbing so and so's. My advice bud is to keep well clear or you might end up like me much poorer with a sour taste in my mouth. For your information they have cancelled all shares held by anyone with less than 200 giving the investors crumbs as a reward for their support, disgraceful. The only turnaround for this Company is to turn their back on their shareholders,my advice stay well clear.
This is the second time this company has diluted our holdings disguised as a recapitalisation, I'm very sorry to have ever been involved with this shower, it has cost me dearly for being a long term investor.Total disgrace, the board of directors should be ashamed of themselves for treating long term loyal investors like cannon fodder. ps I have to put "hold" on the opinion window I have no choice, paid nearly £1 a share some11 years ago and it keeps on dropping, what a load of complete rubbish of a company. My advice to everyone keep away from these deceitful so called directors of this company.
Energy Technique Buy 03-Aug-12 £60,000.00 Martin Michael Reid 1,200,000 @ 5.00p
Energy Technique Buy 03-Aug-12 £80,000.00 Leigh Stimpson 1,600,000 @ 5.00p
Accordingly, the Directors have resolved to submit to shareholders proposals for a capital reorganisation (the "Capital Reorganisation") by the following steps: (a) the 33,305,160 issued Existing Ordinary Shares will be consolidated into 166,526 new ordinary shares of £12.50 each in the capital of the Company and the authorised but unissued Existing Ordinary Shares of 6.25p each will be cancelled; (b) the 166,526 new ordinary shares of £12.50 each will be subdivided into new ordinary shares of 62.5p each creating 3,330,516 Ordinary Shares of 62.5p each in the capital of the Company; (c) each of the issued ordinary shares of 62.5p each resulting from the subdivision will be further subdivided and redesignated into 3,330,516 New Ordinary Shares of 10p each and 3,330,516 Deferred Shares of 52.5p each;
http://www.investegate.co.uk/Article.aspx?id=201207270700066405I
http://www.investegate.co.uk/Article.aspx?id=201204171346145042B great turnaround very cheap here
spreads not huge either, intriguing