...suspect this is a good company: management team & markets...I'm just a little concerned sp has run ahead too much...but if they continue their impressive execution...
4 Nov '13
RE: Just too stretched
I am not alone, everyone is everywhere. I thought it was only on GBO. By the way, have you guys seen the dividends. I bought INSE as per the following RNS however when I checked dividends its been paid as 0.0005 :-( (not as 0.05 as stated in the RNS below) Your advice, including CM too, would be highly appreciated. Thanks..... RNS 19 08 13 Interim Dividend Declaration Further to the announcement of its interim results for the six months ended 30 June 2013, Inspired Energy confirms that the interim ordinary dividend of 0.05p per share will be paid on 31 October 2013 to all shareholders on the register at 30 August 2013 (ex-dividend date 28 August 2013).
You are like a jolly jack in a box, popping up here, popping up there, popping up blooming everywhere!. Good luck!. Regards CM
1 Oct '13
24 Sep '13
"Not a good day at the office" on the face of it. I can see no logical explanation for the fall back. The RNS stating there has been an issue of equity of 1,859,296 shares shouldn't have had such an effect on the share price considering there are now 409,729,735 in issue since that equates to less than 0.05%. So what else could have effected it?, nothing share specific that I can see. News out from the Labour Party annual conference is that they intend to freeze price increases for gas and electricity for 20 months should they win the next election, but, firstly that was disclosed this afternoon well after the share price had fallen back; or had the market got wind of it in advance; possibly. Would that effect the profitability of INSE, not necessarily; companies will still be looking around for the best deal (if I have understood the companys' business model correctly, possibly not). The next general election is some 18 months away, plenty of time for things to change. How likely is Labour to win an outright majority?, at present imo unlikely. So, let us look at some figures from the last trading update issued on 19 August, 6 months endng 30 June 2013. Revenue up 65% EBITDA up 49% Corporate order book up 18% Combined order book up 25% Maiden interim dividend declared Cashflow up over 200% RNS 21 August Bob Holt, Chairman buys 229,167 shares at 8p each. Number of trades today, 24 September: 8 Number of shares traded: 93,098 So, volume would not appear to be a reason for the fall; no sizeable sales, no panic selling. Looking at the fundamentals for INSE for results year ending 31 December 2012: Operating Margin 22.3% ROCE 176.53% Dividend cover 4.36 Dividend yield 2.5% PE 9.1% PEG 0.1 Excellent figures. The positive statements and figures from the results RNS are the reasons behind my investment decision as given in my previous post. I am not sure if the market makers were trying a "tree shake" today; they failed if they were trying. This MAY have opened up a buying opportunity, but I for one will await a rebound in the share price before deciding whether to invest further. We will see what tomorrow will bring, but the fundamentals for INSE are very strong and the share price didn't fall back further from mid morning. The likelihood is that the share has been oversold. I remain cautiously optimistic. Regards CM
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