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Enteq Upstream PLC: Analyst expects new business opportunities to lead to 'much higher revenues'

Proactive Research analyst Ed Stacey gives his assessment of Enteq Upstream PLC's (LON:NTQ) results for the year-end March 2020 as well as the ongoing trading environment. Stacey says overseas revenues rose strongly to US$3.2mln (versus US$1mln the year before) led by new business in China. He adds that Enteq is still on track to end FY March 2021 with a large net cash position and believes that this provides scope for the company to consider additional investment opportunities that could become available in the current environment.

 

Click here to Read Ed Stacey's research update

Quick facts: Enteq Upstream PLC

Price: 14.5 GBX

AIM:NTQ
Market: AIM
Market Cap: £9.78 m
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Enteq Upstream PLC: Analyst highlights strength of balance sheet

Proactive Research analyst Ed Stacey says the strong net cash position on Enteq Upstream’s (LON:NTQ) balance sheet (US$10mln) is an important element of the investment proposition. He believe that with its reduced cost base, the company will be able to trade through a very depressed revenue...

on 04/09/2020

2 min read