Eneraqua Technologies (LON: ENQ), referred to as Eneraqua for the remainder of this writeup, is a high return on capital business that focuses on the “E” portion of ESG. Per p. 2 of its 2022 Annual Report on why the business exists, “We drive cleaner, greener living. Supporting efficient energy and water usage through innovation and expertise.” Through Fiscal Year (FY) 2022 and FY 2023, the business generated revenues of £36.1 million and £55 million which were year-over-year (YoY) increases of 148% and 54% respectively. Eneraqua is headquartered in the mean streets of London, England.
Any thoughts on the price action following the publication of the FY23 results? The revenues go up 50%+ y-on-y and the share price gets absolutely demolished, and then some? As things stand, the current valuation makes absolutely no sense at all, unless the company is a complete fraud and the next Enron in the making. There has been some insider buying following the crash, but not nearly as much as I would expect / like to see (granted insiders already own the majority of the business!).
Any thoughts on the price action following the publication of the FY23 results? The revenues go up 50%+ y-on-y and the share price gets absolutely demolished, and then some? As things stand, the current valuation makes absolutely no sense at all, unless the company is a complete fraud and the next Enron in the making. There has been some insider buying following the crash, but not nearly as much as I would expect / like to see (granted insiders already own the majority of the business!).
As you say, it's certainly enticing, congratulations, great job and a very interesting idea.