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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: 14.615 GBX

AIM:NTQ
Market: AIM
Market Cap: £9.86 m
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Enteq upstream: Big opportunities, low valuation

Proactive analyst Ed Stacey talks to Katie Pilbeam about Enteq Upstream PLC (LON:NTQ) after recently releasing their interim results for the period ended 30 September. Stacey explains that these were in line with the AGM statement which the company released in September. H1 revenues were...

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