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.

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.

There is an interesting BBC documentary this coming Monday all about super bugs within the food industry.

The statement from etq entitled 'Landmark Deal' places the Food Industry first with regard to its air treatment products, hospitals come last!

YoYo, Are you able to post that statement on here or precis it?

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.

where is the info on deal has no rns has been released

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.

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.

Lot of sells today ? Anyone know why ? Apart from the dull waiting for positive news..

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.

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.

Wouldn't be surprised to see an RNS later today.

somethings changed.....????!!!!

what date are results

Woodie, I believe they will be out at the end of the month.

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

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.

Sharesure... I'm a bit lost, How can this mean that it is just what ETQ need to get back on track ?

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.

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.