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Entu – DISGRACEFUL: having only IPO’d on AIM in October 2014, now “all of the proposals received attribute little value to the equity”

By Steve Moore | Thursday 3 August 2017

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Previously writing on energy efficient-home improvement group Entu (ENTU) last month I concluded, with the shares at circa 12p, ‘with in the near term it looking at best onerous debt, with possible discounted disposals and discounted equity issuance, on this disastrous October 2014, 100p per share, IPO, my view remains bargepole ahoy. Sell’. There’s now been a 2:55pm “Strategic Review Update”

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