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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: £8.09 m
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Enteq Upstream PLC: Analyst expects new business opportunities to lead to...

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...

on 1/7/20

2 min read