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Hi Shandy- I fully agree with your sentiment and I did the same, trading down some volume in the mid 7s, and I have recently bought back in..
I would be hopeful to see at least one decent win/RNS in the next quarter, but if not then the mid year results could be underwhelming. Considering the aggressive growth plans the BOD had (buy and build etc), I can't help but feel the EML sale put them back a bit, and that the remaining business might be sold also. That might be the only way we get an attractive exit on this stock in the near to mid term. We will see, gla.
I must admit selling a few in the mid 7s after the presentation because despite being massively undervalued it was clear that there was no imminent news on the horizons.
The sale of EMD was for a decent price and sorts out the balance sheet, and this has not been reflected in the SP. However, going for larger public sector business will take time as these organisations are slow decision makers and risk adverse.
Can't see mid year results (30/6/24) being stellar as we have essentially lost 2 months sorting out the sale.
However, longer term this should be a double digit SP and thus i have bought back all i sold (plus my original 5p shares) at c6.5p
It looks like 7p is the new floor, which is one positive we can take from this stock in recent months. I am not sure an RNS of a decent contract win will supercharge the SP, we will likely need something more profound than that.
If only this was in the Nasadaq - it would probably have an MCAP of 1 billion!
CEO needs to be a bit more of a showman in my view and promote the company more. Quite a strong moat due to little direct competition and large addressable market (just in the UK!) This business is really scalable
As I said though, due to market sentiment with AIM and UK’s lack of international investment pull this stock is undervalued. Buy dips and hold
Hopefully the unloved and undervalued FTSE will rise again with J Hunt’s help….
Link here: https://www.equitydevelopment.co.uk/research/eenergy-investor-presentation-7-march-2024
We hosted an Investor Presentation with eEnergy. Harvey Sinclair (Chief Executive Officer) and Crispin Goldsmith (Chief Financial Officer) provided viewers with an update following the disposal of the Energy Management division.
The team discussed their simplified business model, the strengthened balance sheet, and details of the new £40m facility with NatWest to provide firepower to enhance growth and increase their recurring income stream. Management also answered a range of questions from the viewing audience.
The full video has been divided into chapters as below:
0:00:03 Introduction & summary of key points
0:03:09 Energy Management Division sale
0:05:20 New, simplified eEnergy business model
0:09:00 Market landscape
0:12:33 Balance sheet transformed to fund growth
0:13:49 £40m NatWest facility overview
0:15:36 Operational gearing driving margin improvements
0:16:17 Moving forward
0:19:10 Questions & Answers
Avoid a binary cliff!!
Forgot to say the big positive for me today was the answer to the question regarding the deferred consideration from the EM deal which was quoted at c£8m to £10m. The answer was quite comprehensive and they were keen to ensure a 'binary cliff' i.e. you only get a payment is a specific target is achieved. The amount quote is a "very achievable expectation", with upside also built in.
CEO always comes across as calm, quiet and subdued, but must admit he looked tired, too many late nights getting these deals done and over the line?
but personally not surprised not much detail, they have a fine line to cross in giving out market sensitive information, so these types of presentations are usually high level and don't have much future info, thats not already in the market. Hopefully more info when 18mths results formally issued latter end of April.
Yes, have to agree a little underwhelming.
Very high level with no specific examples e.g. we are now dealing with company X for a deal worth £10m over 5 years which wouldn't have been possible 6 months ago etc.
Clearly lead time for deals is long so they don't want to make any solid growth projections (and couldn't release any market sensitive info) but surely they must know we want a bit more detail as to how the £17m will be spent.
For example if cash is to be c£10m at YE, as was stated, how will the £7m be spent and how much revenue and profit should this investment generate.
Was it me or did CEO look a bit bored and uninterested. If the CEO can't be enthusiastic regarding his own companies prospects then some investors will wonder why they are invested.
SP does look undervalued, however, can't see any short term catalyst based on that presentation
Yeah agree, was hoping for a bit more concrete. All sounds great in terms of the fundamentals but more detail would be good.
Disappointing overall for me. Perhaps they are trying to show their stability and steady growth for the coming months/years and a more considered approach, but I wanted more detail on how its actually going to be achieved and less of the generic business waffle
Hopefully the BOD can explain their plans for the driving growth etc over the next year or so. As CEO and CFO are gaining c£500k between them in bonuses for the recent sale they need to show us they are worth this money.
I fully agree PT. That's exactly a result of my yesterdays research which made me buying in today.
Still a lot of sellers in the market until these die down it will only drift upwards, some PI's only interested in quick profit and move on. I'd be surprised in 12 months this is still in single digits.
After several 'false starts' in recent months, the sentiment in the market looks to be strengthening and there is a different feeling surrounding EAAS now they have offloaded the debt, have cash in the bank and a considerable lending facility. All things being equal in terms of the solid growth in sales, this stock, in my opinion, is now placed to climb extensively once we break the 8p barrier that has held us back.
I'm in. The charts look good. A rising uptrend, currently consolidating. Volume is confirming of an uptrend. I no longer try to bottom fish shares in a downtrend, it works sometimes but have been burnt too many times that its not worth the risk.
Revenues set to double, earnings to rise, plenty of cash in the bank, whats not to like. The crowd is still in the dark, but that is the best time to buy before the crowd does.
DYOR.
I am doing as your user name says :p
just had 200k buy from open show.
8p has been a firm resistance line for a while now. It looks like we will test that today and if we can push past 8p and it holds, we are on our way.
good luck all.
Hi growmore. was pondering weather to mention it or not but thought its no harm giving a pointer and everyone can do thier own research once aware of it and take it from there.
in my opinion 30% rise from here will value us at 40mill we currently valued at less than the new lending facility of 40 mill.
I would like to think they have value waiting to be released here
Thanks for the tip, Tricky...most interesting here.
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!