We are your number one choice for energy efficient products in the United Kingdom.
Our mission is to provide you with energy efficient solutions for the home while saving you money and helping to reduce your carbon footprint on the planet. From quality home improvement installation to expert energy-saving guidance, our collection of brands are devoted to helping you find the most suitable solutions for your home

entu (UK) plc



Admission to AIM and First Day of Dealings 30 October 2014



entu (UK) plc, the home improvement group providing energy efficiency products and services to homeowners in the UK, is pleased to announce that admission will take place and dealings in its ordinary shares, priced at 100p, will commence at 8.00am today on AIM under the ticker ENTU.




http://www.entu.co.uk/

Looks good Greyhound, a nice and steady sp climb. Happy easter to you. :-))

Thanks, some more gains starting to come through...

ST of IC today - Target prices smashed

So with Entu’s cash flow robust, earnings rising at a decent lick, and the board paying out dividends earlier than expected, it’s hardly surprising that investors have been warming to the investment case. In fact, the share price has taken out my initial target price of 130p, and after factoring in dividends the holding has returned 38 per cent since I initiated coverage in mid-November. But I feel there should be more upside to come as Entu’s shares are still only rated on 11 times adjusted earnings estimates for the 12 months to end October 2015 (or 10 times on a cash adjusted basis) and are well supported by a healthy 5.5 per cent dividend yield. And with bolt-on acquisitions set to lift earnings even higher, then there is even the prospect of Entu entering into an earnings upgrade cycle as the year progresses.

In the circumstances, and taking all the above factors in consideration, I am raising my target price to 165p, a price level valuing Entu’s equity on 12 times cash adjusted earnings and implying a forward dividend yield of 4.8 per cent. Buy.

Another one badly hit by the removal of Government subsidies.

Half yearly report

ST of IC today - If Entu hits market estimates, then its high yielding shares will surely re-rate sharply in my view. And that’s an execution risk I am more than comfortable taking on which is why I continue to rate the shares a decent income buy and maintain a fair value target price of 165p.

IC - Entu says it will not be materially affected by last months EU ruling against the VAT subsidies for energy efficient products in the UK. Entu's shares fell sharply on the news that Flowgroup - whose boilers Entu installs - was reliant on a lower VAT rate , although entu already applies the full 20% chargeto the ''large majority'' of its products.
Entu has some catching up to do to hit market expectations for 2015, but management is confident.

Trading Update
RNS
RNS Number : 6229X
entu (UK) plc
01 September 2015



entu (UK) plc



Trading Update



Entu (UK) Plc ("Entu" or the "Company" or the "Group"), the home improvement group providing energy efficiency products and services to homeowners in the UK, has the following update on trading.



Discontinuance of Solar division



In the announcement of its results for the six months ended 30 April 2015, Entu highlighted the difficulties that it had faced in its Solar division during the first half of the year. The improvement in activity levels expected in the historically stronger months of July and August have not materialised. Furthermore, the Board expects the market environment for Solar to become increasingly difficult as a result of speculation about a possible increase in VAT for its solar products from 5% to 20% and uncertainties concerning the future level of feed-in tariffs, in particular a recent Government proposal for a substantial reduction in feed-in tariffs with effect from January 2016.



The Company now estimates that it will lose in excess of £2.0 million during the current year from its Solar activities against a budgeted contribution of £1.6 million. The Board does not believe that its Solar business is likely to make an acceptable return on investment in the medium term and therefore, after fulfilling all current obligations, Entu will discontinue its retail Solar activities in a controlled manner, and re-train and re-deploy as many staff as possible into its other activities.



Outlook



Following the developments in Solar, Entu now anticipates that its full year results will be below market expectations. The Company expects that its continuing activities will report an operating profit of approximately £8.0 million for the year ending 31st October 2015.



Difficulties in its Solar business notwithstanding, the Board remains confident of the future prospects of the Company's continuing activities, comprising home improvement products, insulation products, boilers and repairs and renewals cover plans, which continue to trade in line with management's expectations. As previously announced these activities have the benefit of a substantial forward order book in excess of £30 million.



Dividend



The Company paid an interim dividend of 2.67 pence per share on 28 August 2015 and, in announcing its half year results, the Board reconfirmed its intention to recommend a final dividend of 5.33 pence per share, to bring the total dividend for the year ending 31 October 2015 to 8 pence per share.



In light of today's update, the Company will reconsider the final dividend at the time of the preliminary announcement of its results for the year, expected to be in February 2016. The Board expect that this will not be less than 2.67p, being the same as the interim payment, giving a total for the year of not less than 5.34p.



Core Strategy Unchanged



Entu's core strategy remains unchanged: to focus on driving organic growth from the Group's integrated product portfolio, supplemented by the agreement of corporate contracts both through the existing Group and through complementary acquisitions, with the aim of broadening the Group's ultimate customer base. The Group will maintain its focus on ensuring that the right resources are deployed to drive growth in those areas where there exist the most compelling opportunities. Entu continues to benefit from its market leading positions in key geographies. Carefully selected acquisitions will continue to be pursued where they meet the Group's criteria to complement and broaden its offering in the energy efficiency market as well as materially enhancing earnings per share.



Ian Blackhurst, Chief Executive of Entu said:



"The prospects for our Solar business have deteriorated dramatically over the last six months, and we have taken a decision which I have no doubt will be seen to be correct. However we have disappointed our shareholders and I can only assure them that we are entirely focused on restoring earnings, dividends and shareholder value."

Is Entu (UK) Plc A Buy After Crashing 30% Today?




By Motley Fool | Tue, 1st September 2015 - 11:18

Share this
Shares in AIM-listed home improvement installer Entu (LSE:ENTU) fell by 30% to 64p this morning, after the firm issued a major profit warning and cut its dividend forecast.

Entu is pinning the blame for the problems on its solar division, where sales have fallen below expectations this summer. The firm says that it expects the market environment for solar to become "increasingly difficult", due to fears of VAT increases on solar panels and sharp cuts to electricity feed-in tariffs for solar power.

Entu now expects to report a loss of more than £2m on its solar activities this year, compared to the firm's previous forecast for a £1.6m profit.

As a result, Entu has decided to discontinue retail sales of solar installations, on the basis that market conditions seem unlikely to improve. Larger-scale commercial installations, such as the £4.5m commercial solar project mentioned in this firm's half-year results, were not discussed in today's update.

Dividend cut

Entu said this morning that full-year results will be below expectations. Operating profit from continuing activities is expected to be around £8m, down by 22% from £10.3m in 2014.

The firm has abandoned its intention to pay a final dividend of 5.33p and now expects that the final payout will "not be less than 2.67p". If so, this will reduce the forecast payout for the current year by 33%, from 8p to 5.34p.

However, it's worth remembering that solar is only one part of Entu's business.

The firm also sells other home improvement products like doors and windows, along with insulation and boilers. Entu said this morning that these divisions are all trading in line with management expectations, with forward orders of more than £30m.

Still a chunky yield?

Today's share price fall has been so great that despite the dividend cut, Entu shares now offer a prospective yield of 8.2%. My calculations suggest that at 65p, the shares may now trade on a 2015 forecast P/E of around 7.5.

Could this be a great buying opportunity? Are the problems with its solar business simply the result of bad luck and government meddling?

It's tempting to think so, but I'm not sure it's worth the risk. Entu has been a listed company for less than one year and has already issued a big profit warning and cut its planned dividend payout.

Even before today, these shares looked cheap to me. In my view, this suggests that big investors lack confidence in the firm's ability to maintain its profitability.

One possible explanation is that although Entu's sales have risen steadily over the last few years, from £67m in 2011 to £115m in 2014, this is a cyclical business. At some point the housing market will cool. I wouldn't expect that to happen quite yet, but I do believe we are much closer to the top than the bottom of the market.

In my view, the outlook for Entu is now quite uncertain and another profit warning is possible. I'm not sure I'd risk an investment, but if I am wrong the potential returns could be impressive.

Looks to have finally bottomed out. A reassuring close of year statement at the end of the month should be enough to put a line under recent events. I have been building a small position here and added a few more today at 62.3p. Not yet a long term commitment, more of a hope for 80p by new year.