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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 environment in 2020 (and 2021 if necessary) without needing to access fresh capital.

Click here to read Ed Stacey's research upldate on Enteq Upstream - strong balance sheet maintained

Quick facts: Enteq Upstream PLC

Price: 12 GBX

AIM:NTQ
Market: AIM
Market Cap: £7.9 m
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Full interview: Enteq Upstream expects revenue to remain broadly in-line...

Enteq Upstream PLC (LON:NTQ) CEO Martin Perry tells Proactive how the current outbreak has impacted Enteq’s business based on its year-end trading update. He says results are anticipated to remain broadly in-line with earlier full-year expectations with revenues in the region of $11m, while...

on 8/4/20

2 min read