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.

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.

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.

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.

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