moneyman
- 12 Mar 2003 20:00
At 12p this looks a great BUY.Remember after the deal with Suvair this shot to around 30p ! Next news I am sure will be the announcement of some major deals.Fill up at this level.
Golddog
- 12 Mar 2003 22:41
- 2 of 334
I would wait for 5p myself.
moneyman
- 12 Mar 2003 23:01
- 3 of 334
Honestly cannot see that GD.They have a world class product and were trading at this level prior to the last news release.You can see that the price moved very very quickly from 11p to 12p today as too many people see this as a great buying opportunity.
8 Ball
- 13 Mar 2003 00:40
- 4 of 334
5p,,,,, no chance,
Golddog
- 14 Mar 2003 16:07
- 5 of 334
Moneyman, I apologise for being thick, please forgive me but you were right! Nice move on etq today.
quidnunc
- 14 Mar 2003 16:27
- 6 of 334
Its certainly moving ,goodoh.
moneyman
- 14 Mar 2003 18:27
- 7 of 334
Gold no problem we all call it the wrong way sometimes.
quidnunc
- 14 Mar 2003 21:24
- 8 of 334
and more to come Monday
moneyman
- 14 Mar 2003 21:34
- 9 of 334
I am sure : Read the fith and last paragraphs !
RNS Number:7883I
Energy Technique PLC
14 March 2003
Energy Technique plc, the Surrey and Hampshire-based manufacturer of heating,
ventilation and air conditioning equipment, has won the Best Performing Share
category at the PLC Awards 2002.
The award, sponsored by Winterflood Securities and handed over by GMTV presenter
Penny Smith during the annual PLC Awards Dinner at London's Grosvenor House
Hotel, recognised the increase in Energy Technique's share price from 2.5p to
17.4p during the year. Energy Technique is fully listed on the London Stock
Exchange.
Leigh Stimpson, Managing Director of Energy Technique, said, "We are delighted
to have received this award in recognition of our strong performance for
shareholders during a year which saw the group return to solid profitability. We
are now in position to strengthen our core businesses further and look forward
to the added benefits expected from future sales of our UVGI unit, which we
announced last November."
The UVGI unit is a world-beating mobile ultra-violet irradiation system
developed to kill anthrax, TB, the MRSA superbug and other pathogens. Tests
carried out at Porton Down, the centre of scientific excellence for the Ministry
of Defence, showed that the unit is 99.9% effective in killing the pathogens,
giving Energy Technique an unrivalled sales opportunity. Energy Technique has
signed non-disclosure agreements with several major companies worldwide now in
talks about possible sales, marketing and distribution deals.
Latest results from Energy Technique, for the six months to September 28, 2002,
showed a 32% increase in pre-tax profits to #402,000. The company also announced
it can now trade in markets worth #500 million a year, compared with #50 million
12 months earlier, thanks to key distribution agreements with global
manufacturing giants LG Electronics and Panasonic, and with Nutech of Canada.
Energy Technique is a world-leader in the development of bespoke environmental
airflow systems. Well-known buildings using Energy Technique heating,
ventilation and air conditioning products include the Palace of Westminster, The
Savoy, Tower 42 in the City of London, and Old Trafford, home of Manchester
United Football Club.
For further information contact:
Leigh Stimpson, Managing Director, Energy Technique plc: 020 8783 0033
Allan Piper, First City Financial Public Relations: 020 7436 7486
07050 203 304
This information is provided by RNS
The company news service from the London Stock Exchange
END
quidnunc
- 14 Mar 2003 21:48
- 10 of 334
WOW
Teddy Bear
- 14 Mar 2003 23:05
- 11 of 334
none starter
ha ha ha ha haaaaaaaaaaaaa
laughing teddy
Howeller
- 17 Mar 2003 20:56
- 12 of 334
ETQ is a company which should be looked at especially now as there is a problem on flights with this mystery respiratory viral illness. ETQ is one of only 3 companiies worldwide which has the tchnology and ability to provide filtration systems to help combat this as well as the MRSA bug, anthrax and smallpox spores,etc.. It is a well run company with hospital contracts in positon now.
moneyman
- 18 Mar 2003 20:14
- 13 of 334
Teddy being a prick again i see ! Up 2p since I tipped it from the RNS with plenty more upside !
Teddy Bear
- 18 Mar 2003 20:23
- 14 of 334
hello Clive .
i see you haven't changed one bit .
discerning teddy
superrod
- 18 Mar 2003 20:49
- 15 of 334
im quite keen on this share even though i recently bailed out at 15.5p and a small loss. alarm bells are ringing that three days of massive market rises have not percolated to etq. i may have severe disagreements with many posters but i NEVER wish anyone a loss. will keep watching. good luck all
Teddy Bear
- 19 Mar 2003 09:32
- 16 of 334
?????
you might gain 2p ,
but look at the chart ,
it's on the downward trend .
take your 2p profit now !
helpful teddy
sweeney
- 30 Mar 2003 10:23
- 17 of 334
news is imminent as are the companies results.... End of March so as far as I can make out.
Reports of at least 2 non-disclosure agreements with 2 major european companies. (Just repeating what has already been said)
i say again this will be huge
boring i know but better to be holding at theses crazy prices than missing the boat....dyor
swmarkets
- 31 Mar 2003 13:22
- 18 of 334
i hope energy tech release some info soon, im getting bored waiting, i have shares with them but they said results end of March!!!!! well, where are they???
moneyman
- 01 Apr 2003 23:17
- 19 of 334
Results are due June/July.On a seperate subject wonder how their product does against this SAR virus as it is airborne !!
swmarkets
- 02 Apr 2003 09:07
- 20 of 334
no results r due end of march for half year
a100k
- 02 Apr 2003 19:45
- 21 of 334
No the results end year march, but will be in june/july...
They did say there would be an update early spring, well we are in spring...
So we wait
swmarkets
- 03 Apr 2003 18:28
- 22 of 334
yes we wait
a100k
- 03 Apr 2003 18:31
- 23 of 334
and wait
a100k
- 08 Apr 2003 23:04
- 24 of 334
ETQ deserves to be shorted
an ideal target
with lack of news, why sould this be at 12p...
how do we know that they even have contracts
SHORT IT
gravy
- 08 Apr 2003 23:21
- 25 of 334
Havent you missed the boat for shorting ETQ :-))
At the current price they are good value on what the
core business is generating and without any possible
revenues from any suvair sales and it is now known that
ETQ are selling suvair units but nobody knows how many
and what profits are being made from them.
What a coincedence that a new site that is dominated by one
person and his threads also has a thread with a poster urging
people to short ETQ :-))
Bit of advice, short shares with bad balance sheets and no profits :-))
And ETQ spread is not favourable for shorting either, take a lot of
downward pressure at the current price to get into profit imho.
Gravy
a100k
- 08 Apr 2003 23:32
- 26 of 334
With all due respect gravy,
NOT sure what you mean by coincedence bit, maybe you think I am trailing a thread on my own, well you are wrong there.
As for your shorting advice, yes the balance sheet would be the normal idea...
but what about the thoughts of all those that hold, they DO NOT know what is going on , so would bail... simple, at least worth a thought
Also I have seen you to be thinking that many posters have additional names<
I am not one of those that do, so please check in future
gravy
- 09 Apr 2003 00:02
- 27 of 334
LOL !!!
Keep em coming :-))
Gravy
a100k
- 09 Apr 2003 00:13
- 28 of 334
pr*ck
gravy
- 09 Apr 2003 00:15
- 29 of 334
LOL !!!
Gravy
gravy
- 11 Apr 2003 10:49
- 30 of 334
Like I said ETQ is not a shorting share at the 11.5p level
for many many reasons :-))
You'll learn though in time :-))
Gravy
swmarkets
- 11 Apr 2003 13:28
- 31 of 334
well gravy ther r now 16.5p???? short if u like lololo
8 Ball
- 13 Apr 2003 23:59
- 32 of 334
Gravy as the ETQ man, does the UV unit work on this SARS?
To think you were telling us to buy ETQ at 4p.
Oh well I'm still holding LBN so may filter down in the end.
gravy
- 14 Apr 2003 11:12
- 33 of 334
8 ball :
I honestly dont know, unlike last year where they were willing
to be very open about business/products management are being
very tight lipped about Suvair as not to have any news leaked
out like what happened last year, they want to make sure every
test is done etc etc before letting the market know the results
and any possible orders.
I'm in the dark now as the rest of you.
Gravy
8 Ball
- 14 Apr 2003 18:32
- 34 of 334
Cheers Gravy.
swmarkets
- 16 Apr 2003 23:52
- 35 of 334
i spoke with energy tech and they r doing final tests , may/june for news and end of year report
ainsoph
- 28 Apr 2003 08:05
- 36 of 334
Hmmmmmmmmm ..... profit warning and already down 22% ...... guess the rampers will have lost lots on this one
shagnasty
- 28 Apr 2003 08:10
- 37 of 334
Tracking Chubb for a Trade
ainsoph - 23 Apr'03 - 09:05
Profit warnings and bid interest .... that's what we like :-))
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
ainsoph - 28 Apr'03 - 08:05 - 35 of 35
Hmmmmmmmmm ..... profit warning and already down 22% ...... guess the rampers will have lost lots on this one
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Hmmmmm!!
Funny how some people are blinded by malice and hate , nasty!!!!!
ainsoph
- 28 Apr 2003 08:14
- 38 of 334
Still heading south at 11.5/13p - down 23.44% on the day and about 60% off their 6 month high ...... oooops
ainsoph
- 28 Apr 2003 08:19
- 39 of 334
Bit of a slide starting on this one as recent traders get caught out - volumes not especially high @ 80K + but off over 28% ..... more to fall
a100k
- 28 Apr 2003 08:20
- 40 of 334
Gravy,
is this still not one to be shorted??
because you know best...... dont you.?
you see I have also followed the company for a long time.
shagnasty
- 28 Apr 2003 08:23
- 41 of 334
ainsoph - 28 Apr'03 - 08:19 - 38 of 39
Bit of a slide starting on this one as recent traders get caught out - volumes not especially high @ 80K + but off over 28% ..... more to fall
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Profit warnings and bid interest .... that's what we like :-))
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
?
Jules
- 28 Apr 2003 08:24
- 42 of 334
ainsoph
put a sock in it. Read the full RNS before you spurt your usual c**p
gravy
- 28 Apr 2003 08:24
- 43 of 334
I no longer think they are cheap after todays statement until
news of orders come in.
Still using your alias's then Keith, not surprised to see you on
the thread but you are a little late, I have made my fortune in
ETQ last year no matter what happens to my current holding now :-))
Gravy
ainsoph
- 28 Apr 2003 08:26
- 44 of 334
Just read the full report and it looks really really bad - the directors are having to lay peeps off because of the down turn in their traditional business .... the ramping of their new bus meant they took their eyes off what was happening elsewhere .... surprise surprise.
I don't doubt some will ramp it up again at some point but managment have shown themselves as inept
ains
Jules
- 28 Apr 2003 08:28
- 45 of 334
ainsoph
Once a teadpoe always a tadpole.
gravy
- 28 Apr 2003 08:29
- 46 of 334
LOL !!!!
You really aint the foggiest have you Keith :-))
Gravy
ainsoph
- 28 Apr 2003 08:29
- 47 of 334
gravy - I am reminded of your ramping these shares just a few months ago at nearly 30p .... now they are 13p .... quite a drop.
anyway that doesn't stop us traders taking advantage of you rampers :-))
ainsoph
- 28 Apr 2003 08:32
- 48 of 334
Only 3 mm's and just 10K shares actually moves their price .... wow - this is an iliquid share .... just a grand and we are off the bottom. A few more ramps on advfn and/or HS and we will be away again :-))
shagnasty
- 28 Apr 2003 08:34
- 49 of 334
anyway that doesn't stop us traders taking advantage of you rampers :-))
M8888888888888888888888888888888888888888888888
yep, some trader , traded TAD DOWN from 84p and bought all the way , and is STILL buying
brainsopht!!!!
ainsoph
- 28 Apr 2003 08:37
- 50 of 334
From the home page
Energy Technique hit by dearth of new orders
Jonas Crosland
Cut backs have reduced demand for new air treatment plants
It is good news, bad news from Energy Technique, the industrial air conditioning and heating outfit. While the year to March 2003 will show an improvement over the year before, the first quarter of the current year has been bad.
Some of the slow down is due to the deferment of certain contracts that were due for delivery in the first half of 2003, but even without this the company has admitted that new business enquiries have fallen away.
With a weak order intake in May and no signs of any improvement, the board is to start discussions that may lead to a reduction in the work force. However, while the company's traditional business has experienced a slow down, the diffusion refrigeration and distribution business is now hopefully entering its peak selling season.
Furthermore, good progress has been made with the Nightingale air treatment product developed by UVGI, the joint venture company in which it has a majority stake. Operational tests are expected to start soon in an NHS hospital, and the plan is to bring the product to the health care market before the end of the year. The short term outlook remains bleak however, and the share price dropped 21.9% to 12.5p.
ainsoph
- 28 Apr 2003 08:37
- 51 of 334
LONDON (AFX) - Shares in Energy Technique were on offer in early trading after the company warned it has suffered a sharp slowdown in Q1 orders and that it is in talks to start a redundancy programme in May.
Energy Technique shares were 2 pence adrift at 14 by 7.52 am.
shagnasty
- 28 Apr 2003 08:52
- 52 of 334
oversold and UP we go.
ainsoph
- 28 Apr 2003 08:53
- 53 of 334
not up .... just ramped off the bottom :-))
dickdasterdly10000
- 28 Apr 2003 09:21
- 54 of 334
ETQ
LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
shagnasty
- 28 Apr 2003 09:26
- 55 of 334
still not banned from here yet then KDC
LOL?
dickdasterdly10000
- 28 Apr 2003 09:29
- 56 of 334
been a holder of ETQ
news not good by looks of things
seems they are going to take forever to get the new systems to market
ainsoph
- 28 Apr 2003 09:37
- 57 of 334
I said a long while ago - new ideas like this do take a longer time than forecast and problems always emerge .... it also frequently means that management time is diverted away from their core businedd with obvious consequences.
The mini rally was short lived and they are sliding again as traders take advantage of any price improvement.
Volumes are growing at 327k and we are back to 27% off intraday.
My guess is they will go lower
ains
wiseowl
- 28 Apr 2003 09:50
- 58 of 334
"gravi" with today's BAD news you will get plenty of STICK
gravy
- 28 Apr 2003 10:17
- 59 of 334
LOL !!!!
All the Tadpole punters are out in force :-))
Remember I tipped these at 3p not 30p :-))
They are still 4 times the price I recommended them at.
Ainsoph :
I made a killing out of these Keith and there's nothing you
can post that can change that :-))
Gravy
shagnasty
- 28 Apr 2003 10:20
- 60 of 334
Volumes are growing at 327k and we are back to 27% off intraday.
My guess is they will go lower
ains
********************************8
now -21.9%
shagnasty
- 28 Apr 2003 10:21
- 61 of 334
Volumes are growing at 327k and we are back to 27% off intraday.
My guess is they will go lower
ains
****************************
now -20.3%
swmarkets
- 28 Apr 2003 11:26
- 62 of 334
once they get the nightingale up and running shares will climb, but not untill then, ther is good news in the news, dont just focus on short term bad news folks
shagnasty
- 28 Apr 2003 12:32
- 63 of 334
Volumes are growing at 327k and we are back to 27% off intraday.
My guess is they will go lower
ains
****************************
now -15% and getting better.
gravy
- 28 Apr 2003 12:34
- 64 of 334
Have to say i'm impressed with the rally shag but like you
say it's probably down to the ainsoph factor !!!
A share price will ALWAYS do the opposite to what he says :-))
The guy is so bad he couldnt back a winner in a walkover !!!
Gravy
ainsoph
- 28 Apr 2003 12:36
- 65 of 334
hmmmmmmm ..... not sure how minus 15% is better for anyone holding from Friday but there you go .... another tick or two and we can start a short going again :-))
Remind us all ollie old man - was it 26p you last paid or 28p .... lol
shagnasty
- 28 Apr 2003 12:39
- 66 of 334
My guess is they will go lower
ains
********************************8
nope wrong again KDC not lower, and STILL improving, one day you will get a forecast correct
ROTFLMAO!!!!!!!!!!!!!!!!!
shagnasty
- 28 Apr 2003 12:41
- 67 of 334
gravy , don`t be nasty to the poor old chap, he has a job keeping up with his 83 year old compatriots
LOL!!!!!!!!!!!!!!!!!!
gravy
- 28 Apr 2003 12:43
- 68 of 334
LOL !!!!!
Lets hope he manages to name his short trades this time but
mind you the only trades he seems to name these days are below
2k, seems our hero has hit on hard times :-))
ROTFLMAO !!!!
Gravy
shagnasty
- 28 Apr 2003 12:48
- 69 of 334
Many of us believe the shares are being professionally shorted and would expect the shorters to close in the near future.
ains
********************************************
He`s an expert on shorting, here`s his CV on TAD shorts
LOL!!!!!!!!!
gravy
- 28 Apr 2003 12:49
- 70 of 334
Got to say again I'm well impressed with this rally in ETQ.
Thought they may go sub 10p this morning.
If only Tadpole could rally like this after a warning :-))
Gravy
shagnasty
- 28 Apr 2003 12:51
- 71 of 334
Volumes are growing at 327k and we are back to 27% off intraday.
My guess is they will go lower
ains
***********************************************
Down -10.9% now and improving fast
LOL!!!!!!!!!!!!
shagnasty
- 28 Apr 2003 12:52
- 72 of 334
THATS -9.4% NOW
shagnasty
- 28 Apr 2003 16:46
- 73 of 334
Volumes are growing at 327k and we are back to 27% off intraday.
My guess is they will go lower
ains
***********************************************
Utterly wrong AGAIN,ainsoph, in fact they improved from this level by +16%.
Now some might say that only a liar, cheat,dishonest vagabond type of a person would NOT return and say "oops got it wrong lads" .
I would totally agree with "some"."
ainsoph
- 28 Apr 2003 16:50
- 74 of 334
Double digit loss today and now down over 50% within less than 6 months .... thank the gods I was shorting and not holding :-))
gravy
- 28 Apr 2003 16:52
- 75 of 334
Funny how your "closing trades" never appeared on the monitor ainsoph :-))
Give up the lies Keith, nobody believes a word you say, you were the joke
of advfn and you are rapidly becoming the joke of moneyam.
Gravy
shagnasty
- 28 Apr 2003 16:57
- 76 of 334
yep,thought so, "they" were right then.
--------------
Now some might say that only a liar, cheat,dishonest vagabond type of a person would NOT return and say "oops got it wrong today lads" .
----------------------------
Sophists have a mental block , they are unable to differentiate truth from lies, this is the reason that they are sad, lonely people , posting 18 hours of sophistry a day, greAt fun to laugh at though
ROTFLMAO
ainsoph
- 28 Apr 2003 17:09
- 77 of 334
You have to laugh at gravy
'Funny how your "closing trades" never appeared on the monitor ainsoph'
why would they ?????????? how would you know ? what sizwe where they ? were they cfd's?
'gravy - 28 Apr'03 - 11:33 - 8 of 10
Ah but how can you tell if the mm last movement was an upwards
or downwards one ??
Gravy'
duh
This morning he claimed a 200K sell was a short close ...... how does gravy do it ..... pulls out his brain cell and plus in a tadpoke ? lol
gravy
- 28 Apr 2003 18:21
- 78 of 334
One minute you're telling up how illiquid ETQ is and now you
are saying you shorted in size and now in the laughable cfd's :-))
ROTFLMAO...LOL !!!!
You will never win Keith......
Keep up the misleading posts and the lies !!!
Gravy
gravy
- 28 Apr 2003 18:27
- 79 of 334
Keith/ainsoph
All the trades were ordinary trades today and the maximum
value ETQ has been in the last year was around 22 million.
Anything else you wish to make up as you go along.
You are such a loner !!!
Gravy
shagnasty
- 28 Apr 2003 19:10
- 80 of 334
and such a sophist too!!!!!!!!
ainsoph
- 29 Apr 2003 10:10
- 81 of 334
Looks like my new short was just in time .... ETQ down nearly 9% on the day with a huge spread of 2p on a bid of 12p ..... might pay top switch into a live one :-))
ains
gravy
- 29 Apr 2003 10:50
- 82 of 334
Which trade was yours then Keith.
If you can name it and then name it again when you close
I will never post on this bulletin board again....my word !!!
Gravy
shagnasty
- 29 Apr 2003 11:07
- 83 of 334
LOL@KDC!!!!!!!!!!!!!
gravy
- 29 Apr 2003 11:15
- 84 of 334
Ainsoph :
I am waiting for the trades ??
Gravy
dickdasterdly10000
- 29 Apr 2003 11:17
- 85 of 334
I thought they were done via an offshore broker?
ainsoph
- 29 Apr 2003 11:19
- 86 of 334
They are indeed dick .... only one that is prepared to offer shorts on low cap companies .... irritatingly they allowed some on Tads but they made the foolish mistake of using me for background info :-))....... but don't tell them
ains
gravy
- 29 Apr 2003 11:20
- 87 of 334
Please Dick :
I have sensitive sides :-))
Gravy
dickdasterdly10000
- 29 Apr 2003 11:20
- 88 of 334
ROFLMAO!!!!!!!!
ainsoph
- 29 Apr 2003 11:22
- 89 of 334
From my pov it's good to see them in the top fallers board intraday .....
gravy
- 29 Apr 2003 11:24
- 90 of 334
LOL !!!!
Make it up as you go along Keith.
I've met a lot of people in pubs who talk some crap but
nobody gets close to you when it comes to posting crap
on the internet.
In fact it's worth a new thread.
Gravy
shagnasty
- 29 Apr 2003 11:26
- 91 of 334
KDC`s offshore banker
Co-op Bank Ltd.
Ryde
Isle of White
LOL@ KDC
ROTFLMAO @KDC/ainsoph/dollarhogger etc. AGAIN
ainsoph
- 29 Apr 2003 11:28
- 92 of 334
I guess you are far more experienced than me at talking to strange men in pubs gravy ..... but there you go ..... hopefully ..... and soon
lol
Shares still in the top fallers list and well over 50% off their recent high ..... I was thinking - I might go long next time I close my short if we can see a good entry point and you and the aliases are prepared to ramp it up a bit :-)). Any idea on a good price ? 6p?
gravy
- 29 Apr 2003 11:31
- 93 of 334
I think you seriously need to get help for your problem Keith.
You make up crap as you go along and you cannot help but lie
all the time.
Will you talk the crap to my face is the big question when I
eventually catch up you for the first time at the next Tad AGM.
That I cannot wait for :-))
Gravy
ainsoph
- 29 Apr 2003 11:51
- 94 of 334
I will pass your comments re stalking me, at the next Tads AGM, to Mr Plod gravy but seriously suggest you make no actual move to make contact with me.
gravy
- 29 Apr 2003 11:57
- 95 of 334
"stalking"
ROTFLMAO !!!!!!!!
IanT(MoneyAM)
- 29 Apr 2003 12:57
- 96 of 334
Gents,
Please can we not use this forum as a place to post personal or abusive posts.
Thanks
Ian
swmarkets
- 29 Apr 2003 13:38
- 97 of 334
i agree ian, kids fight elsewhere this is busines not playground
dickdasterdly10000
- 29 Apr 2003 13:40
- 98 of 334
Hi Ian
how is moderator4 - he/she hasn't been around for a while
have you sacked him/her?
IanT(MoneyAM)
- 29 Apr 2003 14:00
- 99 of 334
DD,
Moderator 4 is fine and well still vigilantly watching behind the scenes.
Ian
dickdasterdly10000
- 29 Apr 2003 14:08
- 100 of 334
he wasn't this morning when it was all kicking off
tell him/her to stop stuffing his/her face with donuts and get on the job
Regards
Columbo
IanT(MoneyAM)
- 29 Apr 2003 14:10
- 101 of 334
Even Moderator 4 needs some quality time to themselves DD!!
:)
Ian
dickdasterdly10000
- 29 Apr 2003 14:15
- 102 of 334
I could make a really filthy comment in reply to that
but i won't
suffice to say sounds like moderator4 needs a partner
;-)
shagnasty
- 29 Apr 2003 15:00
- 103 of 334
I believe moderator69 is down for a while.
moneyman
- 15 Dec 2003 00:17
- 104 of 334
If they release a bullish interim this week then with the market in overdrive this will FLY
Andy
- 15 Dec 2003 08:11
- 105 of 334
mm,
That's if the bounce lasts more than a couple of days!
Economic problems remain, Saddam, or no Saddam, so once the feelgood factor wears off, we'll be back to the reality of why the market was down in the first place, IMHO.
Could be an interesting week though!
moneyman
- 15 Dec 2003 10:41
- 106 of 334
So whoever said that the UVGI unit was not being sold but was only being leased was totally wrong.Taken from the interims today
UVGI
In November 2002, the Company announced the prototype of its new Nightingale
UVGI Air Treatment unit and a 55% joint venture, UVGI Systems Limited, to market
the product. In April 2003, the product won the coveted Air Movement Product of
The Year Award at the 2003 HVAC industry's H & V Awards.
During 2003 a second generation production model has been developed,
incorporating more powerful ultra violet lamps, revised filters and GSM remote
monitoring, and the accreditation test of the production model is being
undertaken now. Active marketing of the product to the hospital and medical
sector has started, but selling into the NHS is proving far more difficult and
protracted than anticipated.
The bad news in the interims was already known and factored into the price. We have some very positive and bullish comments in the interims which at 10p to buy make these a good hold for the medium term.
apple
- 15 Dec 2003 11:28
- 107 of 334
That doesn't change the 6000/Year cost of this unit just to protect 1 room.
See the other thread called
Energy Technique - Will this be one of the next growth stock
http://www.moneyam.com/InvestorsRoom/ShowPostList?fID=1&tID=1108
moneyman
- 15 Dec 2003 12:18
- 108 of 334
apple it does as on that thread it was stated that the unit will only be leased.
Totally wrong according to the RNS released by ETQ today !
In the trading statement announced at the Annual General Meeting on 26 September
2003, I explained that the Group's results in the first quarter of the current
financial year had been adversely impacted by the sharp slowdown in business
affecting the whole property and construction sector at the time of the Iraq
war. The Group responded rapidly to this unexpected downturn with a redundancy
programme to reduce the cost base, and by increasing its marketing efforts.
I am pleased to report that during the second quarter of the current financial
year, both ET Environmental and Diffusion Refrigeration and Distribution
experienced a sharp improvement in order intakes as business conditions started
to improve. Sales in the second quarter recovered strongly and were 43% higher
than in the first quarter, resulting in a much-reduced Group loss for the second
quarter.
Well by reducing the costs and the upturn in orders the next set of figures should show a good profit.
Also it was noted that UVGI have opened a sales office in Hong Kong.This must only be to capitalise on the SARs market which I would expect to be massive.
raptor
- 15 Dec 2003 14:40
- 109 of 334
moneyman,
I read the other thread as suggested by apple.
http://www.moneyam.com/InvestorsRoom/ShowPostList?fID=1&tID=1108
He suggested that you phone them & ask the price like he did.
Why didn't you phone?
I phoned them & apple is right!
The cost is 6000 per year for 1 room & the minimum contract is 5 Years.
IMHO, apple is also right about this not being the product from where the profits will come.
This, as apple says, will demonstrate the technology & the profits will come from the big air conditioning units.
BUT NOT YET, it will be 2005 before NHS approves so 2006 before big sales.
The Interim Report says
"an NHS hospital has agreed to install two
Nightingale UVGI units in its Accident and Emergency Department, starting before
the end of 2003. Two further units are expected to commence trials in a new
isolation department of the same NHS hospital in Autumn 2004, but the results
are unlikely to be received until late 2005."
I can only assume that you bought these when they were much higher & you can't take the bad news that you will have to wait a couple of years to get your money back.
You have my sympathay but stop giving the wrong impression about this share.
BTW they are not for sale, they are LEASE ONLY! At 6000 per year lease+maitainence.
loafers
- 15 Dec 2003 19:13
- 110 of 334
ETQ have upgraded their web site....I'm going to miss the fishing pic's.
moneyman
- 15 Dec 2003 21:46
- 111 of 334
Well the results were as expected but the forward view is pretty positive. They have an office in Hong Kong to address the SARs market and have cut costs whilst also saying that sales are up and they are back into profit.
The update on the Nightingale unit is good news and just to add to the uncertanties the MMs are dropping the price when the sales outweigh buys yet again.
With no further cobwebs to hold this back I am looking forward to further updates on the Nightingale unit and also the next set of figures as this will certainly have a very positive effect on the companies share price.
moneyman
- 15 Dec 2003 21:49
- 112 of 334
raptor
then please explain this from the interims today
Of significant importance however, an NHS hospital has agreed to install two
Nightingale UVGI units in its Accident and Emergency Department, starting before
the end of 2003. Two further units are expected to commence trials in a new
isolation department of the same NHS hospital in Autumn 2004, but the results
are unlikely to be received until late 2005. The Board anticipates these
installations will allow it to initiate sales of the Nightingale UVGI unit into
other NHS hospitals.
It categorically says SALES and not LEASE.
aimtrader
- 15 Dec 2003 23:24
- 113 of 334
moneyman,
SARS has been eradicated in HK, and Vietnam!
If you think there is a SARS related market, you may well be very wrong!
Still in a downtrend in my opinion, good luck to you if you hold.
moneyman
- 15 Dec 2003 23:50
- 114 of 334
aimt thankyou.
Has it really been eradicated ? Do we know this for a fact ? What about sitting in a hospital emergency room with all the bugs floating around ?
What about Legionaires?
There are so many applications for this type of unit.
Take an example - After the ban on smoking in aircraft the air is internally re-circulated. Now if this air which contains the bugs of every passenger is treated then it makes alot of sense. I travel for a living and the amount of times that I arrive home and two days later I am sick is numerous !
Fine if people do not see the benefits or listen to the telephone call derampings then that is their perogative.If people look at facts then maybe they can see a potential bargain.
apple
- 16 Dec 2003 09:02
- 115 of 334
moneyman,
It is leased, phone them up & ask!
Sales is just loose terminology just like a car hire or tool hire company quotes its income as sales.
I keep telling you to phone them up & ask & you will find out that it is 6000/Year.
This share is down again.
If it reaches 5p THEN it will be worth buying.
Otherwise, look at it again in about a year & don't tie your money up when it can be better used elsewhere.
loafers
- 13 Jan 2004 18:00
- 116 of 334
Up 21% today...MM's very short of stock, looking at possible 20p by the end of the week, even without new's. IMHO.
Scottie
- 13 Jan 2004 18:54
- 117 of 334
You're right loafers, this one is well on the way back up I think - and there's more to come.
8 Ball
- 13 Jan 2004 19:33
- 118 of 334
Why the sudden jump?
Happy1
- 13 Jan 2004 21:46
- 119 of 334
http://www.sars-expertcom.gov.hk/english/reports/submissions/files/086e.pdf
Technically a buy.Oversold and stock needs a home.Expect to see 15-20p very soon.More if news is out.
loafers
- 14 Jan 2004 01:30
- 120 of 334
ETQ mentioned in today's Daily Mail...very positive comment.
loafers
- 14 Jan 2004 08:29
- 121 of 334
Up 23%...
Golddog
- 31 Mar 2004 22:15
- 122 of 334
Not far off 5p now - remember this statement...........
Golddog - 12 Mar'03 - 22:41 - 1 of 120
I would wait for 5p myself.
moneyman - 12 Mar'03 - 23:01 - 2 of 120
Honestly cannot see that GD.They have a world class product and were trading at this level prior to the last news release.You can see that the price moved very very quickly from 11p to 12p today as too many people see this as a great buying opportunity.
8 Ball - 13 Mar'03 - 00:40 - 3 of 120
5p,,,,, no chance,
Golddog
- 03 Dec 2004 12:16
- 123 of 334
I think now could be a good time.
:-)
hlyeo98
- 03 Dec 2004 17:41
- 124 of 334
ETQ is just a joke...on a downtrend all along
superrod
- 03 Dec 2004 17:47
- 125 of 334
good call Golddog..........a shame that im in at 6p
although it took you a bloody long time and many trading opportunities to be right.
Golddog
- 07 Dec 2004 12:55
- 126 of 334
Not a good call yet Superrod it's back down again at the moment. Maybe hlyeo98 is not far off.
StarFrog
- 07 Dec 2004 13:09
- 127 of 334
From RNS:
Energy Technique PLC
03 December 2004
Energy Technique plc ('The Company') has noted the downward move in its share
price movement. The Company believes this has followed a statement from Health
Secretary John Reid regarding products that may be of use in combatting the
threat of the MRSA superbug within the NHS network.
For clarification, the Company would like to make it clear that its Nightingale
UVGI system was not involved in the appraisal referred to by Dr. Reid. Following
an approach from the Rapid Review Panel, The Company decided it did not wish to
become involved in the appraisal referred to by Dr. Reid given that the
Nightingale Unit has already been passed as 99.99% effective by the Health
Protection Agency and is currently undergoing the first part of trials at a
hospital in Basingstoke, the results of which will be very detailed and
clinically proven under approved methods.
Meanwhile, the company continues to market the Nightingale system both within
the NHS and elsewhere, as detailed in earlier announcements to the market.
The company make a good point. They do not want to be part of John Reid's review on technologies that could be used in combating the superbug MRSA - they would be shown to be not as effective as would be hoped for and this would affect the share price. But the Nightingale system is not specifically aimed at MRSA. If their trials in Basingstoke and North America show any reduction in other airborne bugs (which they most surely will, imo) then there could soon be a whole host of health authorities queuing up to purchase this equipment.
At the moment the share price looks a little sad and is probably around bottom. But time will tell - if results come out from the trials early next year, this stock should rocket (imo) - assuming possitive results. Possible buying opportunity at the moment?
akel44
- 03 Feb 2005 20:28
- 128 of 334
just had a look at this one and it seems to have been a disaster,
it looks rock bottom at the moment,so it can only go up or bust,
i would say the odds favour,an upward turn,
simply because the nightingales just might take a turn for the good,
or maybe they just have not got enough to sell
please read this,
http://news.bbc.co.uk/1/hi/england/norfolk/4231015.stm
Global Nomad
- 04 Feb 2005 10:26
- 129 of 334
Thanks akel,
its the little turns of humour that keep us all going when our investments don't.....a case of grin and bear it ....
GN
Snip
- 04 Feb 2005 17:12
- 130 of 334
At last!!
The chart appears to have steadied and certainly looks a good speculative buy now imo. Don`t take my word for it just read the chart
akel44
- 21 Feb 2005 23:38
- 131 of 334
heres a little bit of news to cheer you up
http://www.energytechniqueplc.co.uk/pdfs/Sales%20Increase.pdf
WOODIE
- 22 Feb 2005 07:00
- 132 of 334
akel looked at website last update 16 jan what is the news?
Snip
- 22 Feb 2005 07:57
- 133 of 334
The charts don`t lie and I never did feel the need to ramp or de-ramp. Happy new year
bb123
- 22 Feb 2005 09:18
- 134 of 334
LBN holds 9.10 per cent. L&Bi also holds warrants over 4% of the enlarged company.
StarFrog
- 22 Feb 2005 09:22
- 135 of 334
WOODIE - In a nutshell:
French landmark deal as sales increase 31%
Energy Technique plc ('The Company') has signed a landmark agreement for the
distribution of its Diffusion Air Treatment range of products in France.
The Company's Diffusion Air Conditioning division has also achieved a 31%
increase in sales in the 12 month period to January 31.
etc, etc, etc.
akel44
- 22 Feb 2005 12:14
- 136 of 334
woodie
you dont have to ask me the news now,
you already have it,
cobras
- 22 Feb 2005 13:00
- 137 of 334
HOW MUCH YOU THINK IS GOING TO GO UP THIS SHARE GUYS
StarFrog
- 22 Feb 2005 13:07
- 138 of 334
It will test the highs of last summer around 7p to 8p. By which time, a trading update may have come through and hopefully results from their field trials of the Nightingale unit. Assuming a positive result from the latter, price should rise to 10p level and beyond. IMHO.
akel44
- 22 Feb 2005 13:14
- 139 of 334
cobras,
i wish i could predict these things myself,
but anyone buying under 7p should be ok in the long run
well thats how i look at it at this moment,
ethel
- 22 Feb 2005 14:09
- 140 of 334
Why do they have to wait so long,i.e. end of 2005...to know if the Nightingale really works.If they already passed the Health Protection Agency scrutiny how come the delay in news?If the tech works this would be a brilliant share.ETQ cleans the air and BQE the surfaces.Cost the NHS an arm and a leg....but so does MRSA bug...Ethel
Global Nomad
- 22 Feb 2005 15:16
- 141 of 334
well the news is a good first step after so long and such patience. remember the french deal is a distribution deal not a sales deal and the sales rise is across the aircon division.
some field trials have been done, the units are effective, all the tech is good. The issue seems to have been a sales and pricing issue. Health care always takes time to become proven, be glad we dont have the 15 year wait that pharmaceuticals have....
The issue is to get these into new annual capital budgets following their acceptance, I guess this may be the phase we are entering, lets hope so.
I am still a little sceptical, sitting on a loss from an average of 9.5p after several years holding. I am tempted to average down(late) but on balance will wait.
GN
akel44
- 22 Feb 2005 21:04
- 142 of 334
the news will not hit the papers till morning,
so maybe theres a bit further to go
Golddog
- 22 Feb 2005 22:44
- 143 of 334
What a nice surprise.
:-)
Global Nomad
- 22 Feb 2005 22:55
- 144 of 334
couldn't help smiling when I re-read the message that started this thread................
2 years later and........
RobRocket
- 23 Feb 2005 08:50
- 145 of 334
All seems like good news at the moment. Positive news and a steady stream of trading updates could see this one climb upwards of 10p relatively quickly. The only thing that could potentially hold it back it the ducking in/out of profit takers and the time span between news. Holding & topping up could prove a huge advantage in the longer term. Can still be snapped up for 5p and yesterdays climb will be enough to open peoples eyes to the potential of this by undertaking research into the company. RR
RobRocket
- 23 Feb 2005 11:47
- 146 of 334
Taken from THE TIMES today - highlighted as "Small Stocks to Watch"
Smaller stock to watch
Energy Technique, the AIM-listed maker of air-conditioning equipment, jumped 2p to 4p on signing a distribution deal in France. Creactif System, based in Rennes and St Brieuc, will handle sales of the company’s Nightingale air purifier,NQ Clarifier and NQ500 range. Energy Technique, which secured a Scandinavian distribution deal in November, reported a 31 per cent rise in sales in its Diffusion division last year.
ethel
- 23 Feb 2005 13:41
- 147 of 334
Are'nt you glad you did'nt sell, Nomad!!!!
akel44
- 23 Feb 2005 16:29
- 148 of 334
i saw a buy today 400 at 4.68p and another 86 at 11p
does 400 =400 and 86=86 if so some one has paid 10
plus about 8 expenses somethings not right
ethel
- 23 Feb 2005 19:40
- 149 of 334
Hope it does'nt disappear from the collective conscience tomorrow,we have to keep talking about it.
akel44
- 23 Feb 2005 19:46
- 150 of 334
LETS JUST HOPE THE BUYERS CAN KEEP UP WITH THE PROFIT TAKERS!
Global Nomad
- 23 Feb 2005 22:04
- 151 of 334
thanks ethel
its been a long patient wait, so lets see how long the enthusiasm will last and how far the price will move upwards. Even if it is only establishing new base levels that will be enough. A slow consistent climb to reverse the slow consistent decline would also confirm my long term faith in the company.
Golddog
- 23 Feb 2005 23:51
- 152 of 334
come fly with me.............
:-)
RobRocket
- 24 Feb 2005 15:53
- 153 of 334
With a few profit takers in today and more news regarding the hospitals out today (MRSA's cases have doubled) this may be one of the last chances to get in at 5p before this steadily starts to climb. It has the capability to leap in a single day (as witnessed earlier in the week 70%+ in a single day.) RR
ethel
- 24 Feb 2005 18:24
- 154 of 334
Would be nice if the sp moves the same as it did in January 2002 from about these levels.But the Risk Grade has shot up and it might be difficult to sustain the recent movements.Not a very positive day and only small punters evident...despite which the price moved around a bit too much for my comfort.Is that a 20% spread I see before me?
RobRocket
- 24 Feb 2005 21:22
- 155 of 334
It is 20% at the moment (after the bell) but after 0830hrs in the morning I suspect it won't be. Perhaps down to 0.25p spread (5% maybe).
akel44
- 24 Feb 2005 22:06
- 156 of 334
did you notice today, afternoon news,, the mention on bbc
about mrsa,
did you also notice the last hour all buys,,1\2 million of them
hope it continues where it left off,
thefruits
- 28 Feb 2005 13:17
- 157 of 334
Looks like we're clearing alot of sells this morning, probably on the back of little news flow at the weekend and hot money going elsewhere ? I bought +200k but haven't sold as this looks like it could get up to 6-7p in 6 months or so which would be an acceptable return.
What I'm still trying to establish is whether it was the strongest performing part of the business that saw sales increase by +31% and that the others were flat or whether the other parts are in similar rude health ?
Any opinions / thoughts would be appreciated.
Golddog
- 10 Mar 2005 11:48
- 158 of 334
If we can get another few little rises then a breakout in the chart would look promising, and i have a good feeling in my bone.
RobRocket
- 11 Mar 2005 14:54
- 159 of 334
Slight drop in the offer price whilst Bid price stays the same may entice some buyers in prior to the bell.
Global Nomad
- 27 Jun 2005 10:31
- 160 of 334
todays news states change of advisor and broker
Energy Technique plc is pleased to announce the appointment of Keith, Bayley, Rogers & Co., Limited as broker to the Company, and ARM Corporate Finance Limited as nominated advisers to the Company as of June 27, 2005.
anyone know anything about these two or how they might be better at promoting the company?
about a month to go before results to judge by last year. Is this a precursor to something that needs to be handled better...( we can but hope!!)
GN
Sharesure
- 29 Jun 2005 15:29
- 161 of 334
Wouldn't be surprised to see a sale of the traditional business as it is very seasonal, leaving management 100% time to focus on the more exciting bug busting side of the business. As for changing advisors, would reckon these may be better plus might be more appropriate if the company is about to grow via an acquisition? Just conjecturing.
Global Nomad
- 29 Jun 2005 17:14
- 162 of 334
I would have to disagree a little with you sharesure, this business wouldn't survive without the 'ordinary' part. the nightingale may be exciting but its not yet enough to sustain a business on its own ( aparently).
As for the seasonal issue I think that is far less the case than you suggest. They are not focused on selling fans and ac units to joe bloggs in the summer heatwave....rather most is direct into construction projects which operate year round. Aircon plant goes in when a building is refurbished or built irrespective of the season. there is of course a seasonal effect but maybe not too distorting.
lets see
GN
Sharesure
- 29 Jun 2005 17:49
- 163 of 334
Gn, Agree that the Nightingale part is too small and therefore would need an acquisition to give the business the critical mass if you cleaned out the traditional manufacturing part. But that is what would help revitalise this business and I would hope that is what the mgt will do. Seems to have been higher volume, early on almost all was buying. Was it tipped somewhere? IC did refer to it some 4 weeks ago so maybe they'll return to it this Friday?
Sharesure
- 30 Jun 2005 14:36
- 164 of 334
Shares magazine's article on MRSA and the companies which might benefit omitted ETQ. Surprising given the trial of its equipment at Basingstoke hospital. Maybe it is a money issue for the government: being sued for dereliction of duty versus capital costs of taking appropriate measures? If the NHS ever gets to funding measures for prevention of this problem then ETQ should be well up the queue to benefit.
Sharesure
- 30 Jun 2005 14:36
- 165 of 334
Shares magazine's article on MRSA and the companies which might benefit omitted ETQ. Surprising given the trial of its equipment at Basingstoke hospital. Maybe it is a money issue for the government: being sued for dereliction of duty versus capital costs of taking appropriate measures? If the NHS ever gets to funding measures for prevention of this problem then ETQ should be well up the queue to benefit.
Global Nomad
- 30 Jun 2005 16:14
- 166 of 334
up again today and breaking through the 3p bid level. others on ample are suggesting stories that the factories are working overtime on orders, though for which producrts is not clear...something seems to be changing.
i was introduced to this company through shares magazine some three years ago......maybe they were also let down by its progress.
nightingale should be seen as a wide range solution to airborne pathogens and not solely as a mrsa related product....all hospitals should have them at least for isolation wards....
GN
Sharesure
- 30 Jun 2005 17:28
- 167 of 334
GN : They also need units in offices, factories, mail sorting offices etc plus a lighter version of Nightingales on aircraft to make spraying passengers with aerosols a thing of the past. Overriding all this is in my view a need for an acquisition of a larger company, possibly inheriting some of its mgt. as apart from the CEO, I think there is little depth/range in capabilities within the existing company. Pretty sure their new advisors will tumble to this fairly fast if they haven't already. The sp rise and increased volume suggests someone knows something.
As for Shares mag. not picking up on them, that is not a surprise given their current focus; I think the mag. is changing and not all of those changes are improvements.
niceonecyril
- 30 Jun 2005 19:13
- 168 of 334
Just read this from another board.
http://myweb.tiscali.co.uk/superbug/
cyril
Sharesure
- 30 Jun 2005 20:43
- 169 of 334
noc, very relevant link. The NHS just seem happy to ignore airborne pathogens as a cause because the government doesn't want to spend the money. Maybe the activity around ETQ means some progress is being made. Not before time.
akel44
- 30 Jun 2005 20:47
- 170 of 334
http://www.britishbulls.com/StockPage.asp?CompanyTicker=ETQ&MarketTicker=INDUSTRIALS&Typ=S
Global Nomad
- 01 Jul 2005 09:34
- 171 of 334
akel,
an interesting site, I just had a good look through and wanted to know have you been using it or following its advice for long? how would you rate it? cheers
gn
RobRocket
- 01 Jul 2005 10:14
- 172 of 334
Something is definately bubbling under the surface.....this could be about to take off. Sells are out-numbering buys 3 to 1 today, yet it has continued to climb. It is being traded well above average, perhaps the MM are offering a low spread to increase sells in order to collect stock / fill an order as they now something we dont......watch this one to could be ready!!
Sharesure
- 01 Jul 2005 11:27
- 173 of 334
RobRocket, A contact I have who is close to them reckons that the sale of the traditional business and retention of the Nightingale/Lifebreath part where there have been some large orders + a possible acquisition is a distinct possibility. Doubt it will be long before we find out.
akel44
- 01 Jul 2005 15:22
- 174 of 334
Global Nomad
to tell you the truth i really do not rate it
i just go there out of interest, and all they do is follow the trends
you can really come unstuck if you follow them willy-nilly
its like anything else i suppose,nothing better than research,
the real reason for the rise is the two page write up in shares mag about superbugs this week,"no etq were not mentioned" but they have the product to fight them,
akel44
- 01 Jul 2005 15:24
- 175 of 334
also by coincidence its about 1 year ago "july" that the price doubled
akel44
- 01 Jul 2005 22:19
- 176 of 334
and then again it might even be results are just around the corner
and some one knows a thing or two, "take your pick"
GIDRUTH
- 03 Jul 2005 21:28
- 177 of 334
This share has got to be undervalued. ETQ's core business seems on the up what with more staff and larger premises. Also the SP was valued far higher than this prior to the nightingale product and now the core of their business is doing better than it was before the nightingale. With or without the nightingale the 3p mark is well off the mark.
I got into this because some of my patients developed complications of MRSA and as a health care worker I know that it is impossible to barrier nurse someone effectively unless the air is decontaminated. This cannot be done by fumigation because you would have to close down a ward and evacuate all the patients and staff to carry this process out. ETQ's solution is a good one, all it requires is recognition and acceptance. I believe that a version of the product should be available to Virgin airlines British Airways GP rooms, basically anywhere that people meet and have the potential to contaminate each other, I feel concerned regarding other conditions such as SARS. I look forward to ETQ's results.
Sharesure
- 05 Jul 2005 17:20
- 178 of 334
Gidruth, Interesting comment. The Basingstoke Hospital trial must be concluded soon; IMO the NHS is taking alot of suppliers for a ride, free trials and then loads of red tape before the gov. release any money. I think the mgt must be nearing making an announcement from my contacts there.
GIDRUTH
- 08 Jul 2005 17:16
- 179 of 334
I've posted this on Adven's free BB as well. I think that what the NHS have yet to realise is that Hospitals have enjoyed a period of successful antibiotic treatment for their patients. As such, previously if someone developed an infection within the hospital environment, (such as MRSA), routine hygiene methods plus antibiotic therapy worked together effectively to reduce cross infection. Now that antibiotics no longer have the same impact, it has taken away a vital part of the cross infection defence system. Simply washing more is good but it will not be enough. That's why I like the Nightingale product.
A hospital ward is a bit like a fish tank, its a closed environment. Unless someone changes the water in the fish tank, sooner or later unwanted bacteria will grow. With the ward it's the same, unless someone changes the air in the ward to a pathogen neutral zone it too will start to develop unwanted bacteria.
As said before the NHS has got away with it for this long because of antibiotic treatment, they no longer have that luxuary.
The NHS has a long history of being slow on the uptake for new products. Penicillin was used in American hospitals well before it was introduced into British hospitals at the cost of many lives.
The good thing is that once the NHS accept that something works they tend to use it all the time. As such if the Nightingale proves itself to be efficient against the cross infection fight within the clinical arena, they will introduce them into hospitals. As such there is still a great potential for the nightingale product.
Global Nomad
- 09 Jul 2005 12:01
- 180 of 334
nice to have you join us with your insights Gidruth
GIDRUTH
- 10 Jul 2005 22:35
- 181 of 334
Thanks Global Nomad.
The good thing about this share is that it is an 'ethical buy'. People are presently suffering and dying due to conditions such as MRSA. This product could prevent this from happening. It can help prevent it without the use of invasive drugs, that no longer work anyway.
Lets clean our Hospitals up and start saving lives !
GIDRUTH
- 15 Jul 2005 19:46
- 182 of 334
Quite a lot of buys going through today, no sells. I wonder if someone knows something about the results that are due ?
Sharesure
- 15 Jul 2005 22:50
- 183 of 334
Think the buys must mean that they are close to announcing some strategic changes plus some good orders that they are supposed to have won with a major housebuilder.
akel44
- 16 Jul 2005 10:31
- 184 of 334
Sharesure
this as happened on several occasions over the last month or two
and all to no avail,lets hope this time its for real,
Sharesure
- 16 Jul 2005 12:50
- 185 of 334
Akel44 : Agreed. Some companies just don't seem to have a full set of dynamic directors. Concerned that this is one of them at the moment, but hopeful that will change by the time of their AGM which is usually in August/September. I cannot believe that they are all doing all they can to make progress. The CEO seems to be, but as for the rest, in partic. the current chairman, I am trying to keep an open mind but expect to be forming a negative view if there is no sudden burst in strategic initiatives on their best way forward.
GIDRUTH
- 16 Jul 2005 22:13
- 186 of 334
I just find it difficult to understand why a company should move to larger premisis, look like there getting in the orders if they are not back on the up ?
The share price, which is about the lowest it's been, seems to be as much as anything else a reflection of the Nightingale product potential. When there is some faith that it will succeed the SP jumps otherwise it slumps. It is not a true reflection of the core business itself.
My faith in this company comes from its core, established business products. The sp was valued far higher than it is now before any mention of the nightingale. The core products seem to be selling. As such it should be worth more now than then. This seems to indicate that the SP is far far to low. Once the Nightingale trial is complete, coupled with core business growth, who knows how far this sp will jump.
Sharesure
- 17 Jul 2005 10:55
- 187 of 334
I thought the Basingstoke premises was all about Nightingale and Lifebreath products, leaving West Molesey for the distribution of agency products and bespoke AC & air curtain products. A tidy split which in my view might have been organised as a precursor to dividing and possibly selling West Molesey. I am sure the sp will recover but unless they have a strategy and can show a string of steps successfully achieved the sp will just blip up on RNS' and then subside again.
In my view too many have watched and waited for so long that they are now sceptical of some of the current mgt. I am. I do think that they company has great potential and the sp could really fly but I reckon it needs some Board changes before ETQ will regain any credibility; with the exception of the CEO, who one of their smartest chairman always described as the best CEO of a small cap. company he had ever come across.
Sharesure
- 21 Jul 2005 13:31
- 188 of 334
ETQ is attracting more volume and the sp seems to be firming. They need to do some deals to revitalise this company. Does anyone know anything new that they can share on this thread?
akel44
- 21 Jul 2005 21:26
- 189 of 334
Sharesure,the auditors said results were due today, the company
say 6 weeks, hemscott say update today, results 29th july, take your pick
Sharesure
- 21 Jul 2005 22:59
- 190 of 334
Doesn't sound too organized! Hope any delay is to include some additional progress as the results are unlikely to be that good in my view. They really need a strategy which will end the drift.
GIDRUTH
- 29 Jul 2005 13:05
- 191 of 334
The Protection Agency published results today re hospital infections, makes encouraging readind for those interested in ETQ....
"In July 2004, at the request of the Department of Health (DH), the Health Protection Agency established a rapid review panel to look at future products, materials and techniques that could be used to help prevent the spread of healthcare acquired infections (HCAIs). The review panel has focused its investigations on five key areas that cover all methods of transmission of HCAIs within the hospital environment:
Cleaning, disinfection and decontamination
Fabrics in healthcare
Hand cleansing
Air decontamination
Other technical products including new medical equipment and techniques.
Products reviewed have included disinfectant wipes, wall surface coatings, anti-fungal solutions, nursing uniforms, disposable cubicle curtains, hand-washing systems, sanitisers, AIR PURIFICATION UNITS and catheters."
I don't know of any other company that has their products trialed by the NHS for air purification...
Global Nomad
- 29 Jul 2005 13:10
- 192 of 334
I'll have to check back on details, but there was another company that picked up publicity for air treatment. ETQ infamously decided not to take part in the rapid review panel and did not present its products for consideration. It is not clear if they were doing this because they already had trials going.
What is more important is not what they considered but what outcomes they reached. They could have said air treatment is essential or not cost effective......
do you know the relevant info?
GN
Global Nomad
- 29 Jul 2005 13:25
- 193 of 334
from the HPA website
The review of products by the Rapid Review Panel (the Panel) is undertaken with the specific intent of assessing potential to reduce healthcare associated infections. The views expressed have no intentional bearing on other applications of the product. Information on many products is submitted to the Panel, where the product was specifically designed for, and/or used in, a different setting. Comments from the Panel are not intended for these applications, and should not be interpreted as such.
Further, unless specifically stated, Panel comments do not imply that the product does not meet its primary claims e.g. of sterilising a particular surface or fabric, even if the view of the Panel is that this has no obvious advantage over existing products or will have minimum impact on reducing or preventing healthcare associated infections.
Recommendations:
1.Basic research and development, validation and recent in use evaluations have shown benefits that should be available to NHS bodies to include as appropriate in their cleaning, hygiene or infection control protocols.
2.Basic research and development has been completed and the product may have potential value; in use evaluations/trials are now needed in an NHS clinical setting.
3.A potentially useful new concept but insufficiently validated; more research and development is required before it is ready for evaluation in practice.
4.Unlikely to be of benefit OR not a significant improvement on equipment/materials/products already available which may contribute to reducing health care associated infection; no further consideration needed.
5.Insufficient clarity/evidence presented to enable full review of the product.
6.An already well established product that does not merit further consideration by the Panel.
The product is not sufficiently related to infection control procedures to merit consideration by the Panel.
Air decontamination
There is little evidence to show that air plays a significant role in the transmission of most healthcare-associated infections. In those cases where airborne transmission is thought to be important, both dilution of pathogens in the air and controlling airflow into, or out of, a room are mechanisms for reducing risk. This can be important for protection of highly vulnerable patients (airborne protective isolation) or protection of staff and visitors inside an isolation room, or other patients, staff and visitors outside an isolation room (airborne source isolation). Ventilation systems can be set-up to control directions of airflow and dilution of airborne pathogens. Such dedicated systems can be expensive. There also exist portable systems that recirculate air within a given space. By means of filtration, ultraviolet light or other methods of killing or trapping micro-organisms, they can reduce airborne levels of pathogens but cannot, by these means alone, control airflow into or out of a room. The quality assurance that a system continues to work as intended is vital for any air decontamination regime.
Reports are available for the following products. Please click on a product to view the report.
Air decontamination products Recommendation
Airfree 3
Air Science IQ Portable Air Purification Unit 2
Biozone Scientific products - air sanitiser 5
Fresh Air UV Air Filter 4
GB Environmental Limited Ultra Violet Air Disinfection Unit 4
Growtech Limited Stinger UV Light Emitter 4
Hydroxyl Radical Device 3
Igrox Limited - Medixair 4
It's all about clean air Electromedia model 35F 2
Kostech Ltd Kostech 2K medical filter 3
PhotocatWorks Ltd LightClean antibacterial
coating and air disinfector system 3
Quest International AirManager 6
Steritrox 600 3
Steritrox Plasmalyser 4
Surrey Diagnostics - airocide 3
http://www.hpa.org.uk/infections/topics_az/rapid_review/reports.htm
Sharesure
- 29 Jul 2005 16:11
- 194 of 334
Global Nomad, good find. Re the Annual Results, think these may be more towards September/October time to allow for a more complete commentary on how the year has gone and where ETQ may be going. Perhaps the Basingstoke Hospital results will be known at that time since that is an important element. I would bet the stumbling block is NHS funding, but if the NHS don't do something they will be sued. I was with a lawyer yesterday who was already handling some hospital infection claims.
Sharesure
- 29 Jul 2005 16:15
- 195 of 334
Global Nomad, re the argument on whether MRSA is an airborne pathogen or not, I think that that argument is just about won in favour of it being an airborne bug. I think ETQ have always maintained that to be the case but that in conjunction with Nightingale equipment the NHS also need a robust cleaning regime as well.
Global Nomad
- 29 Jul 2005 20:04
- 196 of 334
I didn't doubt the mrsa is in part an airborne pathogen issue, only that theres more than mrsa to deal with.
GN
the rise today was better than of late ( hopefully not reversing monday) maybe a small step up on th elong climb.
Sharesure
- 30 Jul 2005 09:33
- 197 of 334
GN, Agree MRSA is just one. Probably the bigger prospect is a panic to combat Avian flu. ETQ's technology could be licensed to a volume manufacturer> I would expect their mgt. is on to that but they are a small team, with in my view, a few really key members spread very thinly
As for the sp I am fairly sure that ETQ has the potential to double or treble quite quickly when some positive news gets released. At the moment the price is option money but there must be some doubts in potential investors minds as to how robust the company is so any reluctance to stay with this or jump in is understandable at this stage. I expect that situation to be very different in September, ie after the results (which are likely to be fairly bad) coupled with a decent appraisal of how they go forward. They really need a strategic review and to tell shareholders what that is and then implement it to a firm timetable.
GIDRUTH
- 31 Jul 2005 09:53
- 198 of 334
I wonder about this...
http://www.careersinconstruction.com/cic/job/View.do?jobId=207376
If they are advertising for more sales people to join the team then this has got to be good news, at least for the core business.
Sharesure
- 01 Aug 2005 11:26
- 199 of 334
The recruitment backs up the earlier comments about ETQ winning orders. Lack of news is a problem with ETQ although it seems that they are putting a lot of effort into capitalising on the better trading conditions for their current range of products.
Sharesure
- 01 Aug 2005 16:34
- 200 of 334
That 500k T trade seems to have been ovrhanging this stock. Maybe now the sp will recover to the 3p-4p band pending announcements. Seems worth a punt at these levels, particularly as there are sufficient large stakes to act as 'insurance' against anything untoward happening. Anyone any other views?
GIDRUTH
- 02 Aug 2005 09:20
- 201 of 334
Sharsure..
It's difficult to speculate prior to ETQ's results out in September. I think that the Nightingale products lack of sales has kept this sp on a downward spiral for over a year. I'm not convinced that this one product will make or break the company and have always felt that as a product its importance has been overplayed...if the core business remains strong and sales are happening then the sp looks undervalued to me. If the nightingale unit starts to sell or some spin off of its technology begin to create sales, then the sp will zoom. As ever, time will tell.
Sharesure
- 02 Aug 2005 09:44
- 202 of 334
Gidruth, I don't disagree with that; however I think they struggled with the traditional business earlier in the year and its recent recovery probably happened too late to make any impact on the figures due soon. It would make sense to defer the latter so that even if these are bad at least they may be able to say with confidence how they are now doing which is more use to us. Also, the tests at Basingstoke General Hospital must be reaching a conclusion soon (?). It was the potential of Nightingale which set this company going like a train before and it could do it again if the product is well received.
Sharesure
- 02 Aug 2005 16:05
- 203 of 334
Anyone know why there has been a dull day here until 15.34, then no more sells but buys go from 256k to 3.25m?
GIDRUTH
- 02 Aug 2005 16:11
- 204 of 334
Why the drop of 20% ! ?
Sharesure
- 02 Aug 2005 16:18
- 205 of 334
Buys just hit 8.2m with no further sells. the drop suggests a stock overhang, with the last T trade for 4m shares mopping it up. There is a NW based lawyer who specialises in PI claims who is a notifiable shareholder; maybe he just added?
hlyeo98
- 02 Aug 2005 16:19
- 206 of 334
This is one of the worst shares in the market...it was 26p about 2 years ago and it is now 2.5p....AVOID at all cost.
Sharesure
- 02 Aug 2005 16:23
- 207 of 334
If you didn't buy at those prices what does it matter. Surely you only avoid it if you think it is going out. It may have sufficient large holders to ensure that doesn't happen; in which case doesn't that suggest that at the current level the sp is option money.
Global Nomad
- 02 Aug 2005 17:41
- 208 of 334
there is a discussion on iii as to whether the 4m (delayed) trade was a buy or sell. On the basis that a one hour delay would put the 2.5price down as a sell. Any views?
And what difference would that make to our sentiment...in the end it would balance buys and sells today despite high volume.
as far being a bad share....the 26p was in hindsight as unrealistic as the 2.5p now so its an unfair judgment, i'm sitting on a loss but still believe I will come good with this share. Its a bit more complicated than just comparing the sp.
GN
Sharesure
- 02 Aug 2005 17:51
- 209 of 334
You are probably right on that GN. Whayever, it means that someone has bought at least 4m shares.(ie 2.7%); there are already two recent lge holders, Vincent Tchenquiz with 12.3m, (8.07%) and Michael Connell with 8.2m (5.4%). One is in property and the other is a lawyer. It may be significant that ETQ appointed ARM Corp. Finance and changed brokers to Keith Bayley Rogers on 27/6.
In my view the 17.5% combined Tchenquiz and Connell holdings should provide an 'insurance policy' to ensure that this co. doesn't go further down w/o a deal being found for it. This could represent a spec. opportunity to buy.
Global Nomad
- 02 Aug 2005 17:57
- 210 of 334
Thanks sharesure but can you check your maths?
8.07 + 5.4 = 14.1
14.1 +2.7 = 16.8
If i give you 5 and 4 can you give me a tenner?
Sharesure
- 02 Aug 2005 18:06
- 211 of 334
GN, it's been a tough day. You're right. My acct. is often puzzled too! Still, 14.1% is still a reasonable commitment. Maybe there will be an announcement that one of their stakes has just grown by 4m shares. Hope so.
Global Nomad
- 02 Aug 2005 18:11
- 212 of 334
sweet dreams
GIDRUTH
- 02 Aug 2005 22:58
- 213 of 334
Cor...What a crazy day of trading. Hopefully some explanations as to why will come soon ?
Sharesure
- 03 Aug 2005 07:44
- 214 of 334
Hope that will be an RNS about an increased holding for one of the existing notifiable stakes.
GIDRUTH
- 04 Aug 2005 14:12
- 215 of 334
Does anyone know the date that the Nightingale trial data will be published ?
akel44
- 04 Aug 2005 14:39
- 216 of 334
i think the trial period runs till november,
GIDRUTH
- 04 Aug 2005 15:12
- 217 of 334
ake144 thanks.. I wonder who is collecting the data from the units? It would be interesting to check out the raw available data gathered up until this point in time.
Sharesure
- 09 Aug 2005 14:12
- 218 of 334
The spate of sales todaycame from one source who I know. The reason he sold was to get into another stock which looks hot to trot very soon, ie not a reflection on ETQ, other than boredom. The talk in the AC world is that the company has some good news to announce but for some reason the mgt.are holding back on it. Very frustrating time being a holder of these; cannot imagine their major shareholders are too impressed either.
Yoyo
- 11 Aug 2005 08:29
- 219 of 334
There is an interesting BBC documentary this coming Monday all about super bugs within the food industry.
Yoyo
- 12 Aug 2005 12:59
- 220 of 334
The statement from etq entitled 'Landmark Deal' places the Food Industry first with regard to its air treatment products, hospitals come last!
Sharesure
- 12 Aug 2005 13:42
- 221 of 334
YoYo, Are you able to post that statement on here or precis it?
Yoyo
- 12 Aug 2005 13:58
- 222 of 334
The statement was made Feb 2005. It seems to seperate AC and AT, talks about repositioning of the company and hints of a LONG TERM relationship towards AT:-
Energy Technique has signed a landmark agreement for the distribution of its Diffusion Air Treatment range of products in France.
The companys Diffusion Air Conditioning division has also achieved a 31% increase in sales on a year to year basis over last year.
Chairman Gerard Thompson said, "These key developments represent the first and second of the breakthroughs we have been working for. They are crucial early steps in the repositioning of the company instituted when I took over as Chairman last October. In particular, we look forward to a long and successful relationship with our new French partners."
The French agreement has been reached with Creactif System S.A., based in Rennes and St. Brieuc in western France and the leading regional technical advisor and distributor of specialty air treatment products to the FOOD SRVICE INDUSTRY, schools, clinics and hospitals.
Creactif will distribute Energy Techniques Nightingale air purifier, the NQ Clarifier, and the NQ500. Also as part of the agreement, Creactif will also distribute the companys Diffusion heating product range.
The Diffusion Air Conditioning ("AC") business is based in Basingstoke, Hants., and has become one of the UKs leading distributors of products manufactured by Clivet, Panasonic, LG and Fujitsu. To accommodate the larger sales volumes, Diffusion AC recently moved into larger warehouse and office premises, virtually doubling its capacity.
WOODIE
- 12 Aug 2005 13:58
- 223 of 334
where is the info on deal has no rns has been released
Sharesure
- 12 Aug 2005 14:12
- 224 of 334
Yoyo, Thanks. I hadn't realised you were referring to old news. From what I hear we are unlikely to get anything more until the results are announced next month even though the business is apparently now doing very well in winning new orders. I think it did go through a flat patch earlier in the year but that has been addressed.
Sharesure
- 12 Aug 2005 14:12
- 225 of 334
Yoyo, Thanks. I hadn't realised you were referring to old news. From what I hear we are unlikely to get anything more until the results are announced next month even though the business is apparently now doing very well in winning new orders. I think it did go through a flat patch earlier in the year but that has been addressed.
GIDRUTH
- 23 Aug 2005 11:26
- 226 of 334
Lot of sells today ? Anyone know why ? Apart from the dull waiting for positive news..
Sharesure
- 31 Aug 2005 19:08
- 227 of 334
September is meant to be the results month for ETQ. Highly likely to be bad news because any pick up in business would likely have been too late to help. Reckon the second half of the year should show a clearer way forward on Nightingale units.
GIDRUTH
- 01 Sep 2005 19:28
- 228 of 334
Up 16%...I wonder if the results are going to be OK after all ? Perhaps even some positive news regarding the NIGHTINGALE product ? Certainly seems to be a lot of eyes watching this stock.
Sharesure
- 02 Sep 2005 09:29
- 229 of 334
Wouldn't be surprised to see an RNS later today.
Global Nomad
- 02 Sep 2005 09:53
- 230 of 334
somethings changed.....????!!!!
WOODIE
- 02 Sep 2005 09:58
- 231 of 334
what date are results
GIDRUTH
- 02 Sep 2005 18:05
- 232 of 334
Woodie, I believe they will be out at the end of the month.
WOODIE
- 06 Sep 2005 16:00
- 233 of 334
heres why the s/price has been weak
Energy Technique PLC
06 September 2005
Energy Technique plc ('the Company')
Trading update and refinancing proposals
In its Interim Statement for the six months ended 30 September 2004 the Company
reported a loss before and after tax of 924,000. Since that date the Company
and its subsidiaries ('the Group') have continued to experience very difficult
trading conditions and working capital constraints.
The Board has taken steps to reduce the Group's operating costs and, although it
is expected that the benefit of these cost reductions will begin to flow through
in the coming months, these benefits did not impact on the second half of the
year. Accounts for the full year ended 31 March 2005 will be posted to
shareholders on or before 30 September 2005.
As a consequence, it is now essential to provide the necessary additional
working capital for the Group to continue to trade solvently and the Board has
agreed today with an investor group comprising London & Boston Investments plc
(of which Stephen Komlosy, a director of the Company is also a director) and
Triandra Limited who are existing shareholders of the Company to advance up to
1.5 million by way of an issue of a like amount of Loan Notes ('Loan Notes').
The investor group has conditionally agreed to convert the loan notes into new
ordinary shares at a price of 1p per share, subject to i.) the approval of those
shareholders of the Company who are independent of the investor group (which is
deemed to be aConcert Party for the purposes of Rule 9 of the City Code on
Takeover and Mergers), and ii.) the granting by the Panel on Takeovers and
Mergers of a waiver of the requirement for the investor group to make a general
offer to shareholders, which would normally arise on conversion of the loan
notes, and iii) the Admission to trading on AIM of the new shares.
The Directors intend that the Company implements, as soon as practicable, an
equity issue to shareholders of 152,628,016 new ordinary shares at a price of 1p
per share (' the Issue Price') which would be available to shareholders on the
basis of one new share for every existing share held.
Money raised by that equity issue will be used to redeem the relevant number of
Loan Notes.
With the exception of Mr. Komlosy, who is involved in the transaction as a
related party, the directors consider, having consulted with ARM Corporate
Finance Ltd., the Company's nominated advisor, that the terms of the Loan Notes
and the financing proposals referred to above are fair and reasonable in so far
as the Company's shareholders are concerned.
A circular to shareholders convening an Extraordinary General Meeting to seek
shareholders approval in relation to the conversion of the Loan Notes and the
proposed equity issue will be sent to shareholders as soon as practicable.
6 September 2005
ENQUIRIES:
The Company: Robert Unsworth, Acting Finance Director 020-8783-0033
poor person that brought this morning at 2.75
Sharesure
- 06 Sep 2005 16:08
- 234 of 334
Woodie, check out the shareolders in the concert party, think you should find some interesting names in there. I reckon this might be just what ETQ needed to get it back on track.
GIDRUTH
- 06 Sep 2005 20:55
- 235 of 334
Sharesure... I'm a bit lost, How can this mean that it is just what ETQ need to get back on track ?
Sharesure
- 06 Sep 2005 21:16
- 236 of 334
OK, short term it is a potential dilution unless you subscribe for the Rights when they come up for buying, say 2 months time. But, ETQ were in a difficult position which the Concert party have helped them out on. I suspect they will have asked for some action on various fronts. I have been saying for sometime on here that they need better strategic direction - since Geoffrey Dart left about 2-3 years ago the steam has gone out of the business.
I suspect that the directors behind Triandra may be linked/are cnnected to a large property concern. If so ETQ may short term benefit from increased use of its products; longer term if the concert party get left with converted loan notes, then they could use ETQ as a shell, and gain its tax losses etc.
That financial breathing space is likely to be monitored by them very closely.
WOODIE
- 06 Sep 2005 21:50
- 237 of 334
sharesure does not make sense re your comments triandra there are already existing shareholders in etq so they would have been putting buisness there way if appropiate, it seems there are just protecting there investment at the moment, my own view is wait until the results have been issued then we will get a full picture on what has gone wrong.
Deal hunter
- 07 Sep 2005 15:44
- 238 of 334
As a newcomer to this thread, perhaps I can add a few pointers and opinions. I am already invested in the Environmental, HVAc sectors via the main FTSE and therefore monitor the sector trade magazines (H&V News, ACR Today, BSEE etc), this months magazines have extensive coverage of a German outfit called Trox who have just entered ETQ's main market - Fan Coils. Trox have spent 1.5 million on state of the art manufacturing machinery in their Norfolk factory and are completly commited to Japanese manufacturing tecniques in achieving their stated ambition of dominating the UK Fan Coil market by the end of 2006 (they are not just blowing in the wind either, they have just secured the largest Fan Coil order ever placed in the UK - 4000 units worth in excess of 1.5 million for prompt delivery - what a difference that would have made to ETQ's figures). Trox seem to be a very switched on and aggressive Sales operation with a sophisticated Manufacturing set up in the UK dedicated to grabbing market share, not good news for ETQ who seem to rely on sales of core products to keep afloat. The Chairmans recent comments about sales volume problems at the Molesly plant being the root cause of ETQs recent problems pre-dates the arrival of Trox, things may get worse than they are already. From a distance it seems like ETQ senior Management have ignored their Fan Coil core products whilst chasing the mirage of Nightingales success and now may find its difficult to stop Trox in their tracks, success and failure have their own momentums after all. With regard to the proposed refinancing, the current Senior Management incumbent have got through around 3 million of shareholders money in a couple of years to no good effect at all, so why should another 1.5 million of shareholders money be anything other than an example of throwing good money after bad. Unless ETQ's Management is replaced by people who are focused on success and know how to achieve it, are prudent with investment cash and regard shareholders money as something to be grown and not squandered then this will be a continuous under-performer. From what I have seen and read, ETQ rates lower than Premium Bonds as an investment in my book so I am going to sit on the sidelines, read and enjoy your threads, monitor developments in the HVAC trade press and wait for management changes.
Sharesure
- 07 Sep 2005 16:06
- 239 of 334
Dealhunter, Even though I remain a shareholder of ETQ, what you have posted does make interesting reading, and worrying too. However I believe that Triandra are not in the business of throwing good money after bad. I believe that you will hear about a sizeable deal, comparable with that of Trox' 1.5m. It seems to have been widely rumoured in the Trade Press but the customer has prevented its publication presumably for the reason of wanting to steal a march on its competitors.
The clearing of the air at AGM time is long overdue; but we are likely to still need some mgt. changes if this company is ever to move fwd.
thefruits
- 07 Sep 2005 19:24
- 240 of 334
Thanks guys for todays illuminating banter... I hope you guys don't mind but I've taken the liberty of posting some of it over on the other A***N board. There are a few of us who have considerable quantities of ETQ shares that are now worth diddly squat. Most seem to be suggesting that they're going to subscribe for the new offering as a chance to average down and possibly offer some glimmer of hope to escape with something better than whats on offer today on the market (1p on the bid). Who knows if its good money after bad but there seems to be a rising feeling that we don't know the half of it and this really smells. Given the nature of the announcment we haven't had that big a dump (considering) and its as though there is news to come that might retrieve the situation somewhat from what we have here. Bets are on for an ETQ buyout but the jury's out on what M Connell will do next (rather large shareholder). I think he now owns about 8mm of the shares (possibly more) and he doesn't appear to be part of the concert party. Anyway, thanks again and if you fancy coming over for a chat there's quite a bunch over there. Cheers TF
GIDRUTH
- 08 Sep 2005 12:48
- 241 of 334
My money has gone down the plug hole..
My money is nowhere to be seen..
My money has gone down the plug hole ..
Cos I believed a Nightingale could keep hospital air clean...
Sharesure
- 08 Sep 2005 13:09
- 242 of 334
MPH, Any evidence that WDBM are high on the bid this morning? Very strange how little T/O either way today. Hope Statesides' info re tomorrow is right.
Sharesure
- 08 Sep 2005 13:19
- 243 of 334
Ignore 242. Wrong thread! Gidruth, I don't think this is as dire as it looks at first sight. Obviously potential dilution if the rights are avoided is not a good prospect, but I am sure that the concert party will not have put cash up without being pretty sure they will either get it back or a shed load of shares in something they can do something with. Tax losses immediately come to mind. On the positive side for the business ETQ seems to have a better range of products now than was the case 12 months ago and I would reckon the AGM will produce much more background about recent contracts.
A few Board changes and a few directors buying shares wouldn't be amiss.
Deal hunter
- 15 Sep 2005 09:32
- 244 of 334
The H&V News dated 10th September carries a piece on its front page about ETQ headed `ET share price slumps' and goes on to refer to the 1.5 million from L&B/Triandra as a `rescue loan', it goes on to say that Company calls the loan `an investment and that the money will be used for expansion'. Leigh Stimson is quoted thus "The Group is now seeing an upturn in business levels and the key aim for ET and all its subsidiaries is to allow us to expand into new parts of the market and build on our expertise in the hvac market. All in all, the H&V News piece seems damaging in that it must give heart to ETQ's competitors (how much longer can ETQ carry on) , concern it customers (just how viable are the warranties they are getting on the equipment they are buying) and worry the suppliers (will we get paid). Other things apart, ETQ seem pretty hopeless at news management (especially bad news management), surely they could have been more pro-active and called the H&V News editor in and put a positive spin on the story. Sharesure -what news of the 1.5 million order you mentioned and is the sale of the traditional business (Molesy ?) still going to happen ?, is the 1.5 million order the basis for Stimson's optimism or is he just blowing in the wind. Shares at 1.4p seems bargain hunting territory, anybody out there feel that things are worth a really decent punt at current prices or is there still more bad news lurking to clobber the unwary ?.
Sharesure
- 16 Sep 2005 14:43
- 245 of 334
Deal Hunter, I don't think Leigh Stimpson is 'blowing in the wind' but I do agree with you that there idea of news mgt. is not at all slick. My reading of where they are is this: their broker and nomad would prevent them giving out any good news without the co. also announcing its results (which will likely make torrid reading because they will reflect a bad patch in the first half of 2005). The good news, and I reckon there is eg one particularly large order which was rumoured in the trade press and probably a turnround in the fortunes of the Molesley business, will accompany the results.
As to when to invest to catch any rapid bounce, I am not so sure on that. There have been too many times when the co. has disappointed for enough investors to want to go in 'en masse' to make a significant bounce in my opinion. I wouldn't sell any of my holding at this level, only because at some stage I think they will have the good sense to make some board changes, starting with having a new chairman, and then that could set them going. But how long do we have to wait?
Sharesure
- 16 Sep 2005 14:53
- 246 of 334
PS to earlier message.I look on the loan stock providers as an 'insurance policy'. Either they have been persuaded that there is a long term and good future, or they will take steps to bring about the changes in the Board. I doubt that they would have knowingly poured 'good money after bad' and I doubt that the directors of Triandra are pussy cats when it comes to making investment decisions.
GIDRUTH
- 28 Sep 2005 12:49
- 247 of 334
Lots of sells again today .... Results Friday ?
Sharesure
- 28 Sep 2005 14:20
- 248 of 334
Gidruth, Think so and they wont make good reading. Feel relaxed on these at the moment with the recent Triandra guarantee in place. I would also expect ETQ to put out some good news to show that the dire patch earlier in the year is in the past. I still think that ETQ need some Board changes and I would expect Triandra to have made that a future requirement of their support if the existing team don't start making rapid progress.
Global Nomad
- 01 Oct 2005 17:54
- 249 of 334
its getting increasingly hard to put on a brave face, or pursue an impression of optimism.....whats a poorer and poorer shareholder to do??
etq and symphony plastic both issued results and both dropped circa 20% on friday....i need some good news...and i need it soon...
Sharesure
- 01 Oct 2005 18:12
- 250 of 334
Global Nomad, I share your impatience with this stock. It seems to be always excuses + requests for more cash. I have not made up my mind as to whether to subscribe for more shares. Unless they change some of the Board, eg new Chairman as a priority, I suspect I won't. If there is any comfort in what they are doing at the moment, and it is stretching it in my view, the backing of Triandra which is ultimately owned by the Tchenquiz family, is probably a plus. I cannot imagine them being prepared to put in more money without quite a lot of comfort being given as to the future. All very sad and really a result of weak mgt.
As far as money making ideas, if you are not in Chaco (CHP) that is worthwhile in my view although I would not be at all surprised to see an announcement first thing on Monday, 3/10. If that hasn't happened first thing then you may be just in time to catch it. Read the thread and see what you think.
Global Nomad
- 04 Oct 2005 18:57
- 251 of 334
received a notification today of the offer, any views on taking up the penny a share and on todays prices marking an immediate 25% loss!.......I am obviously discounting the fact that the sp will rise either before or after the acceptance date....this share is turning me into a cynic.......
StarFrog
- 06 Oct 2005 11:56
- 252 of 334
Received my notification of the offer yesterday and took a good long examination of the paperwork. Must admit to being rather concerned.
Some earlier posts on this thread welcomed the fact that Triandra and London&Boston were increasing their stakeholding in ETQ and that this must surely signal some confidence. Well I must have misintepreted the proposals outlined in the document. My take on it is as follows:
Triandra and London&Boston have agreed to advance ETQ 1.5 million (which may be drawn upon in tranches) in exchange for Loan notes to the same value. ETQ is now making an open offer of 152,628,016 new shares at 1p to raise 1.5 million to pay back Triandra and London&Boston. If all of these shares are sold, then Triandra and London&Boston will be totally re-imbursed and therefore will NOT have increased their shareholding in the company. If not all the shares are sold, then the remainder will effectively be given to Triandra and London&Boston in exchange for the remaining outstanding loan notes (so under these circumstances there would be an increase in their respective shareholdings, but this could be minimal). HOWEVER - if not all the new shares are taken up and Triandra and L&B do not receive full compensation for their loan, they are allowed to pull the plug on the arrangement (if they so wish) and call back any advanced payments (including interest?).
It's a win-win situation for Triandra and L&B. A very short term loan with no risk to their capital. And if the offer is fully taken up, neither of these two companies are out of pocket and neither will have increased their share capital.
So what is actually happening here. It seems to me that this is just an instrument to get a loan very quickly. If I am correct, this raises two questions:
1) Why not approach a bank? (Or did they and get no joy?)
2) Why not directly do the open offer/placing with existing shareholders? I suspect that the amount of time this would take is what decided them against this route.
My conclusion is that they needed this money in a hurry and were happy to sign up to any deal to get it. Why do they need this money so urgently (and IMHO it has nothing to do with future investment etc - the key phrase in the offer document being: "...it is now essential to provide the necessary additional working capital for the Group to continue trading solvently..."). I find this somewhat worrying.
I am not sure if I will take up my allotment yet (might get a better price in the open market!!!!).
Any comments?
Deal hunter
- 07 Oct 2005 10:34
- 253 of 334
With regard to taking up the share offer, surely there is only one simple question only to be answered: Will current Management turn this sow's ear into a silk purse such that the share price rises very significantly and dividends get paid to the long suffering shareholders ? On all current evidence the answer seems to be a resounding "No", almost 2.5 million wasted since March 2004 on hare brained products and schemes (Lifebreath, Nightingale, DX) together the seeming continued decline at the core product division in Molesy. The Chairmans report seems to be long on platitudes and short on definitive plans, vague allusions to Group problems being solved by buying bits and pieces in China are not going to drive up the shareprice, its the appointment of a success oriented ETQ Board who will focus the business on generating cash and profit rather than blowing the next 1.5 million down the same drain as the last lot of cash they received. What ever happened to the 1.5 million order that Sharesure talked about, it would have been a good news story to release with the Report (or is it being held back for the AGM to sweeten those who attend). I wont touch the offer unless something concrete is offered in the way of an implementable Future Business Plan accompanied by the appointment of a Board who can actually give me the confidence that they can make ETQ a success. I agree that L&B / Triandra are on a win-win deal here and my guess is that they end up owning 50+% of ETQ pretty much on the cheap, I would further guess that they then make the sweeping changes to the Board of ETQ that should have been made months ago and reap the considerable benefits.
Global Nomad
- 07 Oct 2005 15:43
- 254 of 334
sounds like the best course of action might be to allow L&B to get to a commanding position with which to dictate board constituents, rather than the numerous holdings with weak voices that can only be heard on bulletin boards. It would also mean that their loan is not repaid by us but that they need to extract it from the business...by making it profitable (or closing it down).
Sharesure
- 07 Oct 2005 16:00
- 255 of 334
Deal Hunter, I am mystified why that order was not announced. It seemed to be in the trade press some time ago. I agree with both your take and that of GN; let Triandra ship out the chairman as a starter before taking a hard look at their strategic aims. The current board wouldn't want to be on the receiving end if Triandra (Tchenquiz family) decide that their investment is not being managed efficiently.
katcenka
- 26 Oct 2005 15:44
- 256 of 334
see the rns just released
ALL ABOARD
Sharesure
- 26 Oct 2005 17:04
- 257 of 334
katcenka, What was it about that RNS that you found encouraging? There are a lot of things it could also have said, but didn't; like the controlling shareholders now include Vincent Tchenquiz of Roche Properties fame, their large orders with a major housebuilder etc. None of that came through in that announcement. I am remaining as a shareholder only out of curiosity and a belief that the controlling shareholders will seek board changes in the near future if the existing team, and particularly the chairman, doesn't sort out their strategic direction.
ETQ have trumpetted a number of events in the past, like taking over the entire distribution team from a major competitor but despite the hype that does not seem to have added anything to the bottom line. I remain underwhelmed by this stock.
Deal hunter
- 26 Oct 2005 17:25
- 258 of 334
Todays RNS seems to indicate that L&B/Triandra have effective control of ETQ, question is, can they do something positive with it: They seem to have had no positive input when they had 25% (enough to call the shots surely ?) judging by current results. Did anyone make the AGM ? was a new strategy unveiled, any new appointments which might make a positive difference: Anything which might inspire confidence in the new regime...or is it just more of the same?. The latest Construction Forecasts make uncomfortable reading with Commercial and Industrial starts set to fall by 6% in 2006 , anything other than a reinvigorated, infinitely more cost conscious ETQ will struggle to make any headway at all. Its going to be interesting to see if L&B really do have a Big Idea or whether they are just throwing good money after bad to try and recoup their original investment.
Sharesure
- 26 Oct 2005 17:35
- 259 of 334
Think the next three months will show whether the extra leverage Triandra (for which read Tchenquiz) now has is going to be put to good effect. as far as I know there were no Board changes today but I doubt Tchenquiz will have been prepared to throw good money after bad. He obviously got told the right things to persuade him to invest more; I think he would make a fairly unforgiving shareholder if it turns out he has been misled or targets aren't met. It might yet prove an interesting ride again, although sadly not ever with the vitality it showed when Geoffrey Dart was chairman.
Global Nomad
- 26 Oct 2005 18:44
- 260 of 334
just to confirm that it was an EGM called to deal with the share offer and related issues only.
Not that that makes it any better of course,
the extra leverage should help any kicking to be stronger.....or should that be flogging....as in horse....as in dead...?
Gn
WOODIE
- 26 Oct 2005 19:14
- 261 of 334
the pis gave this the cold shoulder only 981 take ups not sure how many shareholders they are on the books?
WOODIE
- 04 Nov 2005 19:24
- 262 of 334
this might be of interest to holders who are still in Directorate Change and Appointment of new Non-executive Chairman
Energy Technique plc is pleased to announce the appointment of Tony Caplin as
non-executive Chairman of the Company.
Tony, the former Chairman of Durlacher, is currently a non-executive director of
Panmure Gordon. He has helped numerous companies on the road to success and has
also held a number of senior management positions with Manchester News Ltd and
Pacific Telesis. He is currently Chairman of Ant Plc, Gladstone Plc and Ealing
Hospital NHS Trust. In addition he is a non-executive director of Easynet plc,
Northamber plc, Alternative Networks plc and Hand Picked Hotels ltd
The Company would also like to announce the resignation of Gerard Thompson as
both Chairman and as a Director of the Company. Mr Thompson is leaving to
pursue other business interests.
The following are details of all current and former directorships in the
previous five years held by Tony Caplin:
Full Name: Anthony Lindsay Caplin
Age: 54
Current Directorships
Alternative Networks Limited
Angelbourse Group Limited
Ant plc
Ant Software Limited
Bibliotech Holding Plc
Britton Holdings Limited
Coppice Alupack Limited
Durlacher Corporation Plc
Ealing Hospital NHS Trust
Edengene Limited
Easynet Group Plc
Fattoria Villa Saletta srl
Global Sealing Technologies Limited
Hand Picked Hotels Limited
iRevolution Group Plc
Melh 888 Limited
Norprint Labelling Systems Limited
Northamber Plc
Panmure Gordon & Co. Plc
River Gardens Amenity Limited
Syncforce Limited
Tadpole Technologies Plc
The Family Holiday Association
Webdraw Limited
Former Directorships
2020ME Holdings Limited
2020ME Limited
2020ME UK Limited
80-20 Europe Limited
Abingdon Capital plc
Biblio@Tech
Limited
Bibliotech Holding Plc
Dudley Office Supplies Limited
Dudley Stationery Limited
Dynamic Commercial Finance Plc
ERA Group Plc
First Africa Oil plc
Heritage Image Partnership Limited
Icollector Plc
IEQ Plc
iFuel Limited
Integration Limited
Inter-Hopper Limited
iRevolution Limited
Keystones Solutions Group plc
Law 883 Limited
London Pride Bus and Coach Sales
Limited
London Pride (Bus Sales) Limited
London Pride Engineering Limited
London Pride Group Limited
London Pride Holdings Limited
London Pride Sightseeing Limited
Marchpole Holdings Plc
Newscreen Media Group plc
Redcliffe School Trust Limited
Rockingham Motor Speedway Limited
Terra Firma Capital Partners Limited
The Royal London NHS Trust
The Virtual Orchestra Company Limited
Totally Plc
Totalrock Limited
Trust Totally Plc
Venturia Plc
William Clowes Limited
Tony Caplin was appointed as a director of Computer Monitoring Services Limited
in March 1984. On 25 October 1984 a liquidator was appointed to this company
which was put into creditors' voluntary liquidation. There was a deficiency to
creditors of approximately 132,500;
Tony Caplin became non-executive director of ERA Group plc on 25 June 1997.
Administrative receivers were appointed on 13 March 2001 following a request by
the directors of ERA group plc. The estimated deficiency to creditors at 13
March 2001 was 1,078,000. This company is a holding company for various trading
entities, including Beatties of London Limited;
Tony Caplin was a director of both Dudley Stationery Limited and Dudley Office
Supplies Limited which were both put into administration on 28 September 2001
and 7 August 2002, respectively. Mr Caplin was appointed as the Barclays Bank
nominee. The estimated deficiency to creditors at Dudley Stationery Limited at 3
December 2001 was 23,030,000 and the estimated deficiency to creditors at
Dudley Office Supplies Limited at 7 August 2002 was 5,543,000;
Tony Caplin was a director of Just Group plc which was granted an administration
order by the High Court on 9 January 2002;
Tony Caplin was a director of Icollector plc which was put into creditors'
voluntary liquidation on 28 February 2002. Mr Caplin resigned as a director of
Icollector plc on 14 September 2001. There was a deficiency to creditors of
approximately 2,958,000;
Tony Caplin is a director of Global Sealing Technologies Limited which was put
into administration on 21 September 2004. There was a deficiency to creditors of
approximately 6,255,000.
There are no further details to be disclosed under Rule 15 schedule 2 paragraph
(f) of the AIM Rules.
Dated: 4 November 2005
Enquiries:
Stephen Komlosy 07802 451 212,
Energy Technique plc, Director
Ian Fenn 020 7512 0191
ARM Corporate Finance Limited, Nominated Adviser
Global Nomad
- 04 Nov 2005 20:51
- 263 of 334
is the road to success paved with failure?
at the moment it feels like etq is no more than a paving slab........
is this the person to move us forward and upward or lay us down to rest????
GN
Bobbybingo
- 04 Nov 2005 23:28
- 264 of 334
Terminator?
Sharesure
- 05 Nov 2005 15:53
- 265 of 334
I reckon this could be a start. Just hope he is good at strategic direction.
Deal hunter
- 07 Nov 2005 11:36
- 266 of 334
Don't know whether he is good at strategic direction but he is probably very good at Creditors Meetings, he seems to have been to enough !
Sharesure
- 07 Nov 2005 12:08
- 267 of 334
My guess is that he is Tchenquiz' choice which may be no bad thing
Bobbybingo
- 07 Nov 2005 13:04
- 268 of 334
Hatchet Man??
Sharesure
- 07 Nov 2005 16:51
- 269 of 334
There is not a lot left to axe. ETQ could recover quite fast once its new products are ready, eg in line Suvair unit for retro fits and the Lifebreath products. All Tchenquiz has done is given them the funding until that happens in a month or so. Meanwhile he has a controlling interest via Triandra.
guru11
- 07 Nov 2005 21:12
- 270 of 334
I was in this some time ago. But hasn' t the share price fallen back now.
The question is how many actual orders did they get from the NHS?
My guess is not to many! From memory isn't the SP now around 1.25p.
Sharesure
- 08 Nov 2005 07:52
- 271 of 334
guru11, This stock is a potential basket case propped up by Triandra(Tchenquiz). But at the current 1p sp it is a speculation on whether you buy believing they have a lifeline from Triandra, or whether this time Tchenquiz has been sucked in to a loser. Not an easy call. As for the NHS I don't think they have won a single money making order, but then neither has any other firm in their business. That's more a reflection on a government which purports to be doing all it can to combat MRSA etc, but spends no money doing it, and not the efficacy of the products on offer from ETQ (or others).
GIDRUTH
- 28 Dec 2005 11:47
- 272 of 334
Is this the end ?
blinger
- 28 Dec 2005 12:07
- 273 of 334
yep.
superrod
- 28 Dec 2005 22:16
- 274 of 334
wasnt tony caplin associated with TAD?
follow the man, compound your loss
Beau62
- 29 Dec 2005 11:01
- 275 of 334
He was super....lol.
Maybe he can use his influence in the NHS to kick start some action. I continue to watch, while not holding.
Beau
blinger
- 29 Dec 2005 11:11
- 276 of 334
hope you aren`t sniggering though beau?
lol, ah well more losses against future capital gains when it goes down.I can add them to MOI,Albert Fisher,Atlantic Telecom,WMG,Yorks.Group, and a few more bought in the heady days of easy money, still minus 40k over nearly ten years isn`t too bad, and half of it has been useful so far against CGT.
Lets hope I need more losses against huge gains for the next decade, well maybe my sprogs can use it.
Beau62
- 29 Dec 2005 12:34
- 277 of 334
LOL blinger
I'd be lying if I didn't chuckle a little. I saw TC in action at an EGM last year.....but hey, he may hold some influence here so I'll keep watching with interest. Could do with some new blood to dig my teeth into.
Best of luck in 2006. I'd certainly drink to heavy gains...if I ever see 'em...LOL. (Certainly not in Tad...the biggest loser of the decade).
Beau
blinger
- 29 Dec 2005 14:56
- 278 of 334
Aye, the fat cats get fatter daily, some of the salaries are mind-boggling, back in the eighties we used to reckon that 3/4X the av. wage was pretty good director remuneration for the time,( and we were all 4 shareholders in a private co. too) now its more like 10X, and for what?
Guid New Year to you anyway
Deal hunter
- 30 Dec 2005 09:34
- 279 of 334
Just read Caplins notes to the Interim results, does he seriously believe that sourcing bits and pieces in China is going to bail Diffusion (=ETQ's only real trading arm) out. Sourcing from China will mean a significant rise in commitment to stock (= cash tied up) and, if it works in the very short term, the competition will follow suit, in fact, the Chinese suppliers will approach them , I know as I have experienced this problem. It seems that Caplin is unprepared (as was Thompson) to address the root cause of ETQ's problems, namely, the incompetant management that costs a great deal and delivers nothing but losses. Unless ETQ are prepared to realise that sourcing from China is absolutely no substitute for building a really competant Top Management structure and then recruiting the dynamic people to staff it then my advice is to put your money on the Favourite in the first race at Newmarket - losing your money will be rather less protracted but more enjoyable (if losing money is ever enjoyable). Certainly any gain will be on a significant multiplier to anything ETQ might bring. Happy and prosperous New Year to you all
Sharesure
- 05 Jan 2006 12:14
- 280 of 334
With everyone running for the door maybe this is worth a look at, even though it is high risk. Maybe the stake that the Tchenquiz brothers have acts as some form of insurance policy against a 'complete lights out'; so the main risk may be further dilution. The businesses ETQ plans to retain probably do have value and potential in the medium term. Interested in other's views on this. I am under no illusions that this is a high risk stock.
superrod
- 05 Jan 2006 19:20
- 281 of 334
Sharesure
"I am under no illusions that this is a high risk stock".
make sure you remember that and let the others do the running for you.
blinger
- 05 Jan 2006 20:07
- 282 of 334
LOLOLOL!!!!!!!
Global Nomad
- 08 Jan 2006 00:36
- 283 of 334
its always going to be worrying when a review of the current state of affairs of a company fails to mention at all the star product that everyone was hooked on........this is going to have bad withdrawal symptoms....
Deal hunter
- 10 Jan 2006 16:33
- 284 of 334
I had lunch with an HVCA member yesterday and he told me that a recent industry report showed UK Fan Coil sales (Molseys main product) being down by 16% and set to fall further with significant over supply in the marketplace thus driving down margins, not good news for ETQ as the Molesy division is already under huge market pressure and seems ill equipped to do much other than lose further ground. My contact is a big user of Fan Coil airconditioners and says that Trox of Germany are the big market gainers and are a really professional outfit which he doesn't think Molesy are. His understanding is that the chairmans claim that overheads is being cut are at variance with the fact that few if any managers/directors have left (apart from the Basingstoke operation which has been seemingly closed). Does anyone know what is going on at ETQ or can confirm/deny/expand on what I have heard?, we are all looking for recovery stocks but this still looks more like a black hole than an opportunity, so, come on Money Man or Sharesure, you seem to have a better idea than most as to whats going on, is there money to be made or have you bailed out of this stock (all I see are Sales of shares no big speculative Buys) ?. Not surprised that there is no mention of Nightingale, its just a sink down which the shareholders money has been poured, how come no one has fallen on his sword over this fiasco, it cannot possibly have been all Gerrard Thomsens fault, when are the culprits who lost our money going to pay the price ?
Sharesure
- 10 Jan 2006 17:18
- 285 of 334
Deal Hunter, No, I have not bailed out. I view ETQ as 'option money' and really a gamble on the Tchenquiz family not wishing to see their recent investment go down the drain and so therefore they will either have to prop it up or look to do a shell deal. I thought it was Molesley which would be getting the chop, with Basingstoke being continued. At Basingstoke they do have Suvair products being developed as recently as 3 months ago.
At the last emergency fund raising the mgt must have put fwd a reasonable business plan to have got the money they did get; agree this is high risk, but then if you are only going to get .5p/share, until you need to chrystallize tax losses nearer the t/y/e, what is the point in selling now. Agreed it could be allowed to go bust, but on the other hand phoenix operations are also not unknown. Don't know whether that helps much, but I/m staying put until end March.
Deal hunter
- 06 Feb 2006 18:05
- 286 of 334
What does anyone know about James Lugg the new ETQ Director (= yet another snout in the trough), I have asked around my HVCA contractor friends and nobody seems to know of him which is surprising as he supposed to have been in the industry for 25 years as an owner operator of his own business, must have kept a very low profile or been spectacularly unsuccessful not to have come to someones attention (especially as he must have started his career in HVCA at 19 !). Certainly none of his current directorships suggest that nerve ends should tingle with expectation of a turnaround and the current `sell' pattern of the shares suggest I am not alone in being underwhelmed by this appointment. I expected an industry `hard man' with a successful turnaround track record to be brought in to sort ETQ out but instead it's another appointment without a clear rationale. Has everyone out there finally thrown in the towel or do you know something about Lugg that I do not i.e am I grossly underestimating the new mans capabilities ?.
Sharesure
- 06 Feb 2006 18:40
- 287 of 334
Deal Hunter, Doubt Lugg is anything other than an implant for the Tchenquiz brothers who are getting deeper into this probably more than they wanted to. I have decided to continue to hold (at least until the tax y/e when a capital loss would be handy) also in the possible hope that Tchenquiz bros. recent announcement that they are going into environmentally friendly businesses may mean that ETQ becomes useful as a vehicle to give them a start + tax losses. I realise that that is a long shot but I doubt the company will now go bust. It might just get interesting - one day - but I wouldn't hold your breath whilst waiting for that to happen.
Sharesure
- 14 Feb 2006 12:15
- 288 of 334
Nothing needs to be read into Steve McNeice, FD, stepping down from the Board. He was unfortunate enough to suffer a serious illness following a acquiring an infection whilst Scuba diving in the Med. near Cannes a couple of years ago.
Slapshot
- 20 Feb 2006 12:07
- 289 of 334
New to this thread as I bottom trawl for potential bargains, have to say Energy Tecnique seems more like a train crash than a trading company and the last hour reading all the old threads and the Chairmens Reports has been hilarious (but probably not so if you bought in at the ridiculous levels of even a few months ago). Don't know why so many of you are putting your faith in the Teguize family to bail ET out, when did they become the `Lazarus raisers' of the AIM market ?.They may be smarting at having been very publically suckered into this ludicrous investment but its peanuts to them i.e. not worth wasting management time on. Caplin apart, I do not recognise any of the Board as serious players, real intent on Teguize part would be organising a real power play not just farting around whilst the share price drifts ever lower.
ravey davy gravy
- 20 Feb 2006 12:13
- 290 of 334
How did Etq's management procede to do everything so badly wrong ?
Once this was a niche small business that could make almost 1 million
profits a year and had a new wonder product that should have been
a sure fire winner in this age of superbugs.
Now they lose money and plenty of it, burn cash quickly, fail to sell the
nightingale in any decent quantities and keep tapping the market for more
cash, it's turning into a Tadpole Technology stock, promises forever but
never delivers.
Slapshot
- 20 Feb 2006 16:34
- 291 of 334
Having stumbled across this stock, I have been looking at it in a bit more detail, it seems that, with the closure of Diffusion DX, ET Environmental Ltd is the only significant trading operation left in Energy Techs stable. Helpfully the results for Et Environmental Ltd to March 05 have been published and make awesome reading. PreTax Losses 1.8 million (956K loss to '04, 70K loss '03), Shareholders funds down to 220K (2 million '04, 3 million '03), T/O 7 million (8 million '04, 11 million '03), Stock continually rising whilst T/O falls and presumeably creditors getting ahead of debtors. ET must have some very accomodating creditors and bankers, most suppliers and financiers would be running for the hills by now (or thinking about regime change). Only the old Chairman seems to have bitten the dust, the rest of the Board who brought about this nonsence seem to remain, welcome to Blair's Britain where no one is held responsible whatever the loss to the great British public. What do you think Davey gravy, is this belly up or will a white knight gallop up and save the day ?
Sharesure
- 20 Feb 2006 17:18
- 292 of 334
Slapshot: See my post #287. If you are already in this share my suggested strategy possibly represents a reasonable way to view this stock, don't you think. Sure, the mgt of the co. since Geoffrey Dart left (ch. up til about 3 yrs. ago) has been woeful, but Tchenquiz bros. put money in so recently that they must have had a plan B if the existing businesses didn't recover.
jimward9
- 28 Feb 2006 15:38
- 293 of 334
The Times February 27, 2006
MRSA control
Sir, Almost a year ago senior microbiologists, myself included, with more than 600 years of collective experience in hospital infection control, warned that cleaning hospitals and more hand-washing alone, though laudable, were not enough to significantly reduce the MRSA infection rate. We said that a reduction could be achieved only by the physical separation of infected patients and carriers from uninfected patients and that for this more isolation facilities were needed (letter, March 4, 2005). A spokesman for the Department of Health told a reporter at the time that our recommendations were unrealistic.
On Friday (Feb 24) you reported that the number of times that MRSA has been mentioned as a contributory cause of death has continued to rise. Moreover, there has been no significant reduction in the number of MRSA blood-borne infections. These figures confirm our predictions. Until our warnings are heeded there will be no sustained improvement in the situation.
DR N. A. SIMMONS
Potters Bar, Herts
GIDRUTH
- 03 Mar 2006 17:24
- 294 of 334
A tick up ! Is someone mad or do they know something ?
700202
- 07 Mar 2006 13:57
- 295 of 334
i think something is happening here i am holding 500k @2.75p, big jump on thursday and then someone buys 500k after the move up i think some news soon + buying today
Global Nomad
- 07 Mar 2006 20:29
- 296 of 334
good luck is needed more than good judgement with this share........wait for news
Global Nomad
- 08 Mar 2006 15:08
- 297 of 334
any one any idea whats going on?
GIDRUTH
- 08 Mar 2006 15:17
- 298 of 334
Not a clue ...but it's nice to see the sp tick up
Sharesure
- 08 Mar 2006 17:50
- 299 of 334
Don't think there is anything material going on other than Tchenquiz bros. establishing more control. By my calculation they must now have approx. 70% of the stock if they have converted their recent loan into equity. If so, that would be a good sign, as it would not give them priority over the rest of us plus, and its more a hope than anything else, they implement a plan to use ETQ + its tax losses for their ambition to build some environmentally friendly businesses. Might know more at the end of the week or early next.
Global Nomad
- 09 Mar 2006 00:28
- 300 of 334
any idea what asset value vs company value is?
at this sp that may well become a best option to recover investment
Sharesure
- 09 Mar 2006 07:23
- 301 of 334
GN This is all about whether we think this company can phoenix itself out of the mess it is in otherwise it is only good for CGT mitigation.
Prospector
- 11 Mar 2006 08:42
- 302 of 334
Good Morning all
Had holding in this company, bought at 9p, sold some at 30p and the rest at 0.75p, luckily came out with a very small profit (very small). Think this had the potential to do great things when Nightingale was the hot subject due to MRSA and the Anthrax threat in the Iraq war. but those days have gone and sadly in my opinion so has this company.
Prospector
Slapshot
- 12 Apr 2006 09:29
- 303 of 334
So some significant departures at last !, not surprised at Stimson and Unsworth, they were much too closely associated with the past disasters to be seen as part of the team to reinvigorate ETQ but Komlosy ?. Does this mean that L&B are going to sell up and take their losses or that they are happy for Tenguise to become the ETQ `Mr Bigs' and take the responsibility for directing the management. The general drift of the shareprice downwards yesterday suggests that some investors are uncomfortable with the departures, surprising , I see it as a positive step and am wondering if ETQ now represents a qualified buying opportunity (although it has been a very bumpy ride over the last year so further unpleasant surprises are possible). So, Sharesure, you seem to have your finger on the ETQ pulse better than most, is this the time to fill up at the bottom of the market or are you still being cautious ?, is there a quick profit on the horizon or just good money to be thrown after bad.
Global Nomad
- 12 Apr 2006 10:41
- 304 of 334
I feel theres been too much uncertainty with the company apparently both internal and external to consider the risk palatable. I still hold at a huge loss, but thats my fault. I would want to see a period of certainty and direction coming out from the company before i even contemplated investing more. The balance of probabilty on past experience weighs too heavily.
Good luck and well done if you make a quick profit but i would use my good money elsewhere and leave the bad money here to repent.
GN
Sharesure
- 12 Apr 2006 12:00
- 305 of 334
Slapshot, I continue to hold but only out of curiosity. Much as it would be nice to encourage more support for this company I don't think that there is any evidence yet to support having the confidence to do that; I wouldn't put more of my money in since there are better opportunities elsewhere. Think GN about summed it up.
Slapshot
- 13 Apr 2006 14:17
- 306 of 334
Yet another re-financing ! How gutting for the existing shareholders to see their stake in ETQ being hugely diluted by Lugg and Triandra buying a massive majority on the cheap (and 0.25p is on the cheap), it's no wonder that so many brokers think that AIM shares should have a `Wealth Warning' attached to them. So what of L&B's stake, is Komlosy going to sit on his hands whilst the value of his shareholding plummets on the off chance that the new kids running ETQ don't p*ss the next 1.25 million up the wall like the last lot ? It seems that the new money is to be used to grow Diffusion's fan coil cooling and heating products to market leadership by bringing in cheap bits and pieces from China and better business methods; Wouldn't mind betting it all ends up in warehouses full of unmatched stock and an unwinnable price war. Congratulations Sharesure and Global Nomad, you read the signs correctly in your recommendation not to buy.
Sharesure
- 13 Apr 2006 14:43
- 307 of 334
Slapshot, if you are not too put off AIM stocks, take a look at CHP. There I would bet my shirt on a rebound. It's a great company but has drifted on boredom/shorting etc. I know that will not be the case for long, next week for news possibly.
Global Nomad
- 13 Apr 2006 18:10
- 308 of 334
unfortunately the signs didn't show early enough for me.
what really upsets me is the fact that what got most people in turns out to be pie in the sky that was badly managed - the unprofitable air treatment division being closed -
i'll post later when i'm more relaxed.......
Sharesure
- 10 May 2006 17:35
- 309 of 334
Out of curiosity I happenned to be near Park Lane so I did go to the EGM. Fortunate in a way as there was only one other PI there, so out-numbered by the Board and its advisors 7 to 2!!! or 8 to 2 if you count the Registrar. It didn't inspire a great deal of confidence that the Chairman thought he was chairing an EGM of Electronic Technique but maybe he's better at figures. Apart from all the Resolutions being passed by handsome majorities - as high as 99.5% in one case (I think Res. 3) - there's a surprise, there was nothing much being said. In answer to a question about whether there is any intention to take the company private - "It's not a topic being discussed by them" and an implied answer to a second question about the size of the business remaining and that to be worthwhile it would have to grow by acquisition, that was all that came out of it. Suspect that Tchenquiz's reputation for tenacity may mean that enormous efforts will be put into making ETQ a future success, but that may be a long while in coming and if his idea of success is not aligned with that of the ordinary PI, then you don't need to be Einstein to figure out who will be the winner. Would I buy more shares? Possibly, but not yet.
Sharesure
- 18 May 2006 15:23
- 310 of 334
Why is this share showing a rise in today's market????!!!!!
Laila25
- 31 May 2006 15:41
- 311 of 334
Bought big today. 0.40-0.55 pence. May see a spike back up to 1 pence in the very short term.
Laila25
- 31 May 2006 17:31
- 312 of 334
Good buying today.
Global Nomad
- 31 May 2006 22:12
- 313 of 334
good luck
Laila25
- 01 Jun 2006 10:46
- 314 of 334
Bought another 50,000 shares this morning.
Laila25
- 01 Jun 2006 11:04
- 315 of 334
Interesting......source: etrade
Etrade Online:
One can sell 500,000 shares at 0.46 pence
One can only buy 25,000 shares at 0.55 pence.
Level 2 is 2 v 2.
akel44
- 01 Jun 2006 15:59
- 316 of 334
it seems there have been larger buys since you posted,
Slapshot
- 23 Sep 2006 13:30
- 317 of 334
Shouldn't ETQ have posted results by now ? only a few days from being in breach of AIM rules as I understand them: This is usually the scenario when appalling results are in the wings, anyone know what is going down (apart from the shareprice !).Laila, how do you feel having filled your boots up at a much, much higher price that yesterdays close.
WOODIE
- 29 Sep 2006 09:46
- 318 of 334
anybody brave enough to buy in the first 10 mins this morning would now be sitting on a 100% profit at the moment.
Sharesure
- 29 Sep 2006 10:16
- 319 of 334
Doubt the results will be be behind this activity. Anybody else think that they might be in the running for a significant contract?
Sharesure
- 02 Oct 2006 15:43
- 320 of 334
From my research 0.75/share seems about the right price for ETQ at the moment but I think that they are hopeful of some significant business soon which might justify a stronger sp - 2-3p? - after that the only real chance of a further recovery looks like a continued build up of the core business or that Tzchenquiz decide to bolt on some extra businesses, which they could easily do. One thing is fairly assured is that they won't let ETQ go to the wall if only because it would ruin their business reputation for not having any failures.
Anyone else going to the AGM at 15.00 on 26/10/06 at 35 Park Lane (southern end)?
Meanwhile if you have some spare cash take a good look at CHP - the sp will not stay at the current level beyond the next few days in my view. There could be news later today/tomorrow and on through the week running up to their AGM next Tuesday.
lostalot
- 13 Aug 2007 13:49
- 321 of 334
Financial Calendar for Energy Technique Plc
23 July 2007
Annual Report & Financial statements posted to sharholders
:) Got mine :)
6 September 2007
Annual General Meeting/ Extraordinary General Meeting
31 October 2007
Half-Year results to 30 September 2007 announced
Well IMO if the order book is a strong as is sugested in the annual report, order book strong (2.25mln) and both enquiries and order prospects are simularly encouraging.7 "The board is confident the group's fortunes have been succesfully turned around and it loos forward to a continuation of the current high level of sales activity."
Looks like this is a recovery stock going under the radar at the moment, although many will be waiting to see of the H1 results are profitable and around the 4-4.5 mln area, If this is proved then 1.5p could well be on its way.
DYOR
And GL ALL
SirM
WOODIE
- 13 Aug 2007 14:03
- 322 of 334
the s/p wont be going anywhere until the big seller is out of the way.
lostalot
- 13 Aug 2007 14:07
- 323 of 334
Couldn't agree more PSG have 200k's worth to get rid of, then it's onwards and upwards :)
StarFrog
- 23 Aug 2007 13:01
- 324 of 334
Just been reading through the notice of the EGM and have to admit to being rather concerned about the proposed consolidation of the issued shares. ETQ are proposing the following:
1) Every 1,500 existing ordinary shares be consolidated into 1 new ordinary share of nominal value 3.75.
2) Each new ordinary share of 3.75 be sub-divided into 60 new ordinary shares of nominal value 6.25p.
First point that comes to mind is why not simply consolidate on a 25 to 1 basis the existing shares rather than a two stage approach as proposed?
But my chief concern is resolution 3: That each of the authorised and unissued existing ordinary shares be re-designated into one new ordinary share with a nominal value of 6.25p each.
In other words, all the unissued shares will not face the 25:1 consolidation that our shares will undergo. Why should we be concerned? Well consider all those stock options that the directors have and haven't as yet taken up. If post-consolidation they take up their options, they will have in effect received 25 times more shares than the original options were intended to give them at (presumably) the original option price.
Or am I missing something?
Consolidations always bother me. I know all the arguments about increasing the nominal sp might make the shares more attractive to institutional investors, but from my experience, each time a company that I have held shares in undergoes a consolidation, the sp tends to drop to a price far lower than the consolidation would have predicted.
I would urge all shareholders to vote NO to the resolutions, particularly number 3.
lostalot
- 06 Sep 2007 09:34
- 325 of 334
AGM Today anyone going ????
bmw530
- 30 Oct 2007 14:25
- 326 of 334
Results out tomorrow and they could be good
Sharesure
- 07 Mar 2008 09:46
- 327 of 334
Is it time to look afresh at this stock? A director buying on two consecutive days to take his holding to 2.52% is a start. The Tchenquiz backing pretty much underwrites this stock and there is always the possibility of corporate action at some stage - the Tchenquiz' s motto seems to be that they do not have failures and this stock must have been a source of embarrassment to them in the past despite now being profitable. I think that the next two months might see some better times. Anyone else have any views?
Sharesure
- 11 Apr 2008 13:09
- 328 of 334
Is this stock about to do a deal? Nearly 6 weeks past the director buying in March.
Anyone know anything?
Sharesure
- 15 Apr 2008 11:54
- 329 of 334
ETQ is still strengthening - why? Anyone know?
Sharesure
- 07 Jan 2014 14:05
- 330 of 334
Looks like the mgt have a deal in the making.
kimoldfield
- 07 Jan 2014 18:53
- 331 of 334
A touch of déjà vu Sharesure?! :o)
Sharesure
- 22 May 2014 08:08
- 332 of 334
Good results. Recall that the mgt reckoned to plan to turn this company around (seemingly achieved now) and then seek a trade buyer. Looks like it it is all going to plan.
black bird
- 22 May 2014 18:19
- 333 of 334
have been onboard way back, a loss maker for me , to buy on weakness £1.60
Sharesure
- 03 Sep 2014 14:47
- 334 of 334
With two directors buying stock today and a new high, I would reckon on better than expected results due to be announced in a few weeks and a bigger dividend. It could even be followed by a deal to buy the company or take it private; that would add further impetus to the sp. Seems a good hold/buy for a couple of months and then a profit at the end of it. DYOR and see if you come up with the same conclusion.