The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Interesting next hour as just had first bit of selling action at 7.7p.
Looks like it gets more attention now.
12 buys for every sell so far.
Opening. gla
Long overdue IMHO!
If it's not a buy it's hopefully one of the 5p folk out.
Good day here, was a bit tumbleweed to start but finished off a good day
I reckon most if not all will f those 5p shares have past through the system by now
I think we're going to be pleasantly surprised by the progress this week, as long as thos cheap 5p shares don't keep the price down.
Simon Thompson article posted today.
https://www.investorschronicle.co.uk/ideas/2024/03/05/a-smart-energy-firm-that-could-double-its-revenue/
Technology-enabled energy services provider eEnergy (EAAS: 7.2p) has secured a £40mn project funding facility with NatWest over 12 years.
The group helps organisations achieve their net zero goals by designing, funding and implementing energy-efficient projects. The new facility will be deployed through a newly formed special purpose vehicle owned by eEnergy, which will become the operator and retain ownership in each completed project for public organisations. It gives eEnergy a unique, compliant off-balance-sheet solution for public sector customers, strengthens its competitive position in tendering for large multi-site contracts, lowers cost of capital, and delivers an attractive financial return on the retained project interests.
It’s a high-growth business. Analysts at Equity Development forecast a surge in eEnergy’s annualised revenue from £17.5mn (2023) to £30mn (2024), rising to £34mn in 2025. On this basis, expect cash profit (pre-central overheads) of £1.6mn (2023), £3.8mn (2024) and £5.1mn (2025). The transition away from ageing fluorescent light bulbs to energy-efficient LEDs is a key driver and one that is being accelerated by the 2023 ban on new fluorescent light bulbs. Analysts note that up to 20,000 schools have yet to implement the change, representing an addressable market of £1bn. The business is also benefiting from the rapid growth of eSolar projects, which account for 40 per cent of group revenue.
Last month, eEnergy sold its fast-growing energy management business to Flogas, a division of support services group DCC (DCC), and should end this year with net cash of £11.3mn. In addition, contingent deferred consideration (payable in two instalments) could add £10mn (capped at £20mn) to the cash pile within 18 months. Effectively, it means the operational business is in the price for £6.9mn as a standalone entity, or 1.8 times 2024 cash profit estimates (pre-central overheads). That’s harsh given that the energy management division was sold on a multiple of 6.5 to 8.5 times forecast 2024 cash profit to enterprise valuation.
I suggested buying the shares at the current price in my 2024 Bargain Shares Portfolio, and they continue to rate great value on a deep discount to my sum-of the-parts valuation (14.5-15p). Buy.
Fingers crossed Jsmyth. If the SP can stay north of 7.5p this week, a good presentation should hopefully see us punch past 8p and exhaust any final short sellers. We should then be off and running. hopefully... good luck all.
Not going to multibag (as that's for dog shares!) but all that AEG profit has to go somewhere!
i have a quiet hope that 10p is credible.
Some clarity on strategy on Thursday and onwards and upwards
But some interest
what's the **** puffing saying now.
please tell me he ain't saying this is being ramped???
Petro your everywhere today posting the same thing 😂
Don't get sucked into traders' pump and dump.
First sell will walk away with more profits and last to sell will walk away with less. Don't be greedy!
And, depending on what asssets are going to be purchased with the new funding, pick a (reasonable) number. 13-15p at some point (bit vague but let's see how Friday presentations go, as indictor).
It'll be helped with the same kind of rounded buys we saw into close on Friday but a bit of a wait.
New research report available here: https://www.equitydevelopment.co.uk/research/new-40m-facility-to-drive-growth-in-energy-services
eEnergy has announced (1st March) a new £40m project funding facility, which will support the Group’s public sector customers with their energy transition projects over coming years. It is an innovative arrangement, which will see eEnergy retain an interest in the economics of each completed project, enhancing margins and driving growth in Energy Services revenue.
A brief year-end trading update indicated that trading in the 6-months to Dec ‘23 was impacted by balance sheet constraints (prior to the c.£30m disposal of the Energy Management division). This had already been signalled in January and we update our forecasts accordingly.
The disposal of Energy Management leaves the Group in a strong net cash position and wholly focused on its high growth Energy Services business. Our confidence in growth prospects is strengthened by the new project funding facility. We therefore reiterate our Fair Value/ Share estimate of 13p, before factoring in potential contingent consideration from the Energy Management disposal, which could be material (£8m to £10m on management estimates).
I meant we will all have to wait, hopefully not to long, all fundamentals look positive moving forward 🤞I liked the *scale rapidly in a large addressable UK market.* 7th March should be an interesting watch 🙂
I note 2 things. The RNS gave no mention of the interest rate. Hopefully it is vatable. The money is for projects which will either provide a one off profit or hopefully a continuous revenue stream.
The also still have another 17 million to invest in other projects (maybe less after bonuses).
I am hoping for breakout but it really depends on how the money is used and what revenue streams are generated.
We are have to wait (we’re) or we will have to wait (we’ll)?
Targets I've seen are around the 13/15p mark & one analyst saying £4 over the next year 🤔😂 but I've disregarded the £4 prediction.. see what the next week brings coming into the presentation, imo I think we're have a climb over the next week/weeks not sure how high but think breaking 10 is a strong possibility, maybe a follow up Rns before the presentation or something mentioned in the presentation? anything is possible, company has strong growth & money now, we're have to wait, see how it's invested to expand the company.
The 7.55 was post market but no doubt it'll work in mms favour as it either makes the rise immediately and encourages more buying or it takes a few more nervous nellies thinking it's going down again.
personally, i see it going to 10 or better coming up to and over next week's investor presentations.