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.

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.

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.

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 ?

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.

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

A tick up ! Is someone mad or do they know something ?

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

good luck is needed more than good judgement with this share........wait for news

any one any idea whats going on?

Not a clue ...but it's nice to see the sp tick up

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.

any idea what asset value vs company value is?

at this sp that may well become a best option to recover investment

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.

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

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.

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

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.

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.

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.

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.......