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Started: Accuracy, 15 May 2024 17:00
Last post: Accuracy, 15 May 2024 17:00
I sincerely hope the company is not intending to alert shareholders to every job they advertise, and surely there are more informative comments to make than the rather emotional term "explosive growth"....we need numbers, not drama.
Started: OceanMikey, 15 May 2024 12:22
Last post: OceanMikey, 15 May 2024 12:22
Https://www.linkedin.com/posts/harvey-sinclair_due-to-explosive-growth-in-our-solar-business-activity-7196405319831298048-qkDq?utm_source=share&utm_medium=member_desktop
Post from Harvey Sinclair, CEO at eEnergy Group, text as follows for those without access - Due to explosive growth in our solar business - I’m looking to hire a solar project coordinator to join our expanding team; you must have relevant experience. Contract or permanent.
That’s a big purchase for EAAS standards £100k buy
Started: PTInvestor, 30 Apr 2024 09:26
Last post: Everton66, 1 May 2024 08:19
Plenty seem to agree with you. Lots of buys this morning
Agreed, and I have topped up too.
As expected really. Just topped up in the dip, in this one for the long game.
Started: EquityDevelopmen, 30 Apr 2024 07:31
Last post: EquityDevelopmen, 30 Apr 2024 07:31
EEnergy’s FY23 results are in line with expectations, having been well flagged in the March update. Recent months have seen the balance sheet transformed by the disposal of Energy Management and growth capacity materially enhanced by a £40m project funding facility with NatWest.
H1’24 results are likely to be softer than expected but last week’s c. £5.2m contract win with Spire Healthcare – one of the Group’s largest to date – gives us confidence in pipeline conversion and a meaningful step-up in revenue and profitability from H2.
eEnergy is now well capitalised, with an excellent track record of growth (three-year CAGR of 58% within Energy Services). We expect this to continue, driven by an ambitious management team with a focused strategy to capitalise on a highly attractive market with significant scale.
Our Fair Value estimate of 13p per share represents an EV/EBITDA rating of c.8.5x our FY26 forecast. This is in line with the current FY1 EV/EBITDA rating of the peer group. Note that our forecasts do not include the potential benefit of deferred consideration from the EM disposal, which management estimates at between £8m and £10m over the next two years.
Link to report: https://www.equitydevelopment.co.uk/research/balance-sheet-transformed-pipeline-building
Started: GrowthmanPO, 25 Apr 2024 10:04
Last post: GrowthmanPO, 25 Apr 2024 10:04
Any day now we should see the 18mth FY results, which won'rt be brilliant as already indicated, but i'm more interested in the progress since closed date of Dec2023. We already know of the contract win, recently announced, but have we utilised any of the £40M or at least have some of it planned for this year? The SP needs a boost and a re-rating so good news please BOD.
Started: Jsmyth993, 22 Apr 2024 07:16
Last post: PTInvestor, 22 Apr 2024 12:38
Good point well made Shandypants. Having worked at eEnergy I can indeed confirm that with schools its slowly slowly catchy monkey. No Headteacher or Trust Finance Director wants to be the first person to sign off on a project that hasn't been trialled either at other schools in the group, or at least in a school of a similar nature. Once the floodgates start to open I honestly believe the flow will be huge. It just takes a few 'visionaries' within the school groups to trial it, then growth will be exponential
Yes, a big contract and good timing too - the SP was drifting down on no news.
This does show the time it takes to get these contracts confirmed though as the RNS states that "The Contract award follows the successful installation of a first solar trial site." So you do a pilot on 1 site and if ok then a larger contract can be signed.
I suspect there are many other similar scenarios currently being implemented. For example we know EAAS have a big presence in schools. A number of academies manage 10 to 20 schools. I suspect these organisations would start with a pilot in 1 school before committing to an academy wide installation.
Massive contract nice one.
Good demonstration of what can be achieved with new capital. Onwards and upwards!
Started: sitandwatch, 26 Mar 2024 10:59
Last post: sitandwatch, 9 Apr 2024 11:57
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.
Started: Stoxx, 8 Mar 2024 20:11
Last post: Stoxx, 8 Mar 2024 20:11
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….
Started: EquityDevelopmen, 8 Mar 2024 16:07
Last post: EquityDevelopmen, 8 Mar 2024 16:07
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
Started: shandypants2, 7 Mar 2024 10:43
Last post: shandypants2, 7 Mar 2024 14:37
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.
Started: TrickyEFC, 6 Mar 2024 08:14
Last post: HermanusInclusus, 6 Mar 2024 15:40
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.
Started: Nigel2519, 6 Mar 2024 05:51
Last post: Nigel2519, 6 Mar 2024 05:51
Long overdue IMHO!
Started: katstrangler, 5 Mar 2024 16:23
Last post: TrickyEFC, 5 Mar 2024 18:26
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.
Started: TrickyEFC, 5 Mar 2024 14:59
Last post: sitandwatch, 5 Mar 2024 16:10
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.
Some clarity on strategy on Thursday and onwards and upwards
But some interest
Started: katstrangler, 5 Mar 2024 15:58
Last post: katstrangler, 5 Mar 2024 15:58
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.
Started: petroinvestor, 4 Mar 2024 15:39
Last post: TrickyEFC, 4 Mar 2024 17:37
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.
Started: petroinvestor, 4 Mar 2024 15:30
Last post: petroinvestor, 4 Mar 2024 15:30
First sell will walk away with more profits and last to sell will walk away with less. Don't be greedy!
Started: katstrangler, 4 Mar 2024 12:29
Last post: katstrangler, 4 Mar 2024 12:29
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).
Started: katstrangler, 4 Mar 2024 10:10
Last post: katstrangler, 4 Mar 2024 10:10
It'll be helped with the same kind of rounded buys we saw into close on Friday but a bit of a wait.
Started: EquityDevelopmen, 4 Mar 2024 07:45
Last post: EquityDevelopmen, 4 Mar 2024 07:45
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).
Started: katstrangler, 2 Mar 2024 11:01
Last post: Danboy202, 3 Mar 2024 09:29
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.
Started: katstrangler, 1 Mar 2024 20:41
Last post: Pat2014, 2 Mar 2024 07:22
Hope you are all right with this rising .. was slightly disappointed with the 7.55 close .. On the release of the sale RNS for part of company for £30m this hit 9p briefly before falling back and settling around 7.8 .. it recently retraced to around 6.3 and then 6.6 before the RNS yesterday.. so 7.55 is slightly disappointing for me .. I agree with the selling comments and I suspect this has been happening over the last few weeks taking it down to 6.3 … Hope Monday is good I have 10p in mind for my sell .. however if it does reach there and still has legs I may hold out
Guess that could wrong-foot all the traders who gave up today and end up bying back at 11 on monday! : )
good weekend, all.
Last post: Danboy202, 1 Mar 2024 18:12
01-Mar-24 16:21:29 7.40 250,000 Unknown* 18.50k O
01-Mar-24 10:01:01 8.20 582,000 Unknown* 47.72k O
01-Mar-24 17:10:47 7.55 1,065,000 Unknown* 80.41k
Top two look like buys but not a clue what the 3rd is? 🤔
Confident going into Monday, let the news settle this weekend & hopefully strong Monday 🤞 I get people selling to take some profit, but why after a banger Rns like that when this is projected to go higher.. not like a placement is coming anytime soon now 😂
Danyboy it was I seen it pop up live n was like that's nice .
Thought google will drop back down, it normally records early trades but that is definitely a buy at 8.50? 🤔
Very nice run, buyers piling back in end of day :)
Lil run into close