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.

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.......

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.

Why is this share showing a rise in today's market????!!!!!

Bought big today. 0.40-0.55 pence. May see a spike back up to 1 pence in the very short term.

Good buying today.

good luck

Bought another 50,000 shares this morning.

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.

it seems there have been larger buys since you posted,

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.

anybody brave enough to buy in the first 10 mins this morning would now be sitting on a 100% profit at the moment.

Doubt the results will be be behind this activity. Anybody else think that they might be in the running for a significant contract?

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.

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

the s/p wont be going anywhere until the big seller is out of the way.

Couldn't agree more PSG have 200k's worth to get rid of, then it's onwards and upwards :)

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.