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AIM:NTQFRA:5EQ
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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

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AIM:NTQ

Price: 16.5 GBX

Market Cap: £11.36 m

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Enteq Upstream full year results: International opportunities and new...

Enteq Upstream PLC (LON:NTQ) chief executive Andrew Law joins Proactive London's Katie Pilbeam to explain the company's full-year results with a more positive outlook pointed to recent price stabilisation, rising US rig counts, international opportunities and new technology development. He...

on 9/7/21

2 min read