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.

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).

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.

see the rns just released

ALL ABOARD

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.

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.

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.

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

the pis gave this the cold shoulder only 981 take ups not sure how many shareholders they are on the books?

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

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

Terminator?

I reckon this could be a start. Just hope he is good at strategic direction.

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 !

My guess is that he is Tchenquiz' choice which may be no bad thing

Hatchet Man??

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.

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.

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).

Is this the end ?

yep.