entu (UK) (AIM:ENTU) – yet again disappointment from a newer AIM entrant
The home improvement group providing energy efficiency products and services to homeowners in the UK, has announced the discontinuance of its retail solar activities and a big hit to profits in the current year. Unfortunately it’s yet another example of a relatively newly listed AIM business (AIM admission Oct 2014) announcing disappointing trading news not long after admission, when selling shareholders exited with a sizeable sum, £31.8m in the case of entu.
Today’s announcement was made as the improvement in activity levels in the Solar division, which were expected in the historically stronger months of July and August, have not materialised. More significantly the Board expects the market environment for Solar to become increasingly difficult as a result of speculation about a possible increase in VAT for its solar products from 5% to 20% and uncertainties concerning the future level of feed-in tariffs, in particular a recent…
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