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.
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.