We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
No way is this a pump & dump with so many directors buying this week. Looks a multi-bagger from its recent lows.
Great to see the directors buying quite a sizeable 1.15m or so shares between them at around 10.4p each (on top of the LTIP grants):
Https://uk.advfn.com/stock-market/london/inspired-INSE/share-news/Inspired-PLC-Director-Share-Purchases-and-Exercise/90094199
Zeus Capital note a "very pleasing performance" for 2022. They're retained their forecasts at present of 1.29p historic EPS and 1.42p EPS this year - this against a share price now up 10% today to 10.1p, so still a ridiculously low P/E.
This extract suggests there may be upgrades coming with the full year results:
"Forecasts and outlook
"We retain our forecast assumptions below the EBITDA line for the present, noting the higher revenue flow emerging across the Group, with higher costs being sustained. The March FY results will give a greater opportunity to review forecasts for the FY23F and beyond in the light of the positive operational performance coming through in optimisation and ESG, with Assurance set for normalisation in markets all divisions taken together offer material profit and cash flow potential to our minds. A positive outlook then."
"Valuation thoughts
Inspired continues to evolve and offers investors solid ESG credentials and regulatory tailwinds in addition to long-term economic growth drivers. The Group is trading, based on our current estimates, on a FY23F PER of 6.5x (EV/EBITDA 5.5x), funded by a free cash flow yield of 8.5%. We look forward to FY results expected on 29 March."
Excellent news today - the year end update shows INSE traded nicely in line with expectations of 1.3p EPS.
Revenues were actually well ahead of forecasts. With increased costs as expected margins were reduced, but INSE did well to come out unscathed and EBITDA was a healthy 6% up on 2021.
Importantly, cash generated from operations increased by over 125% over 2021 and net debt reduced nicely.
The order book is up once again from last year and since 30th June, and ESG revenues are up 175% year on year so are now probably a sizeable £3m.
The outlook for this year is pretty confident too given the wider increasing need for advice and solutions in energy.
Combined with a historic P/E of just 7, it just shows that the share price fall was clearly wrong.
There's no reason why INSE's shares shouldn't be trading back at say 16p-17p for starters on a P/E of 12 or so:
https://uk.advfn.com/stock-market/london/inspired-INSE/share-news/Inspired-PLC-Full-year-trading-update-and-notice-o/90082398
No
Does it not seem as though a big order is being filled? The trades today, for example are such that I would have thought the sp might drop but that hasn't happened (yet!!).
Wtfdik, though!?
Does anyone else see the recent share price increase as a pump and dump? Look at the trades made this week.
"Star has an energy services partnership with Inspired Energy, through which it bulk buys energy on behalf of licensees who are looking to participate":
Https://www.foodserviceequipmentjournal.com/star-installs-smart-meters-in-over-750-pubs-to-cut-energy-usage/
"Star installs smart meters in over 750 pubs to cut energy usage
24th January 2023
British pub operator Star Pubs is installing gas and electricity smart meters at a third of its venues to help reduce energy consumption and costs across a large chunk of its estate.
The programme will see all pubs buying energy through the company’s Star Energy scheme have the meters installed by the end of April this year....
....Star has also appointed energy experts to analyse usage data from the smart meters and is sending specialist surveyors to 20 of its JAT pubs to monitor how they consume energy....
etc"
Encouraging to see another move up already today (up 0.375p) after a mere £2k buy. Perhaps there's really no stock around at last.
Reacting nicely to a little buying. Hopefully our overhang has cleared.....
Tipped by Ken Wotton from the wealth manager Gresham House (who hold almost 30% of the company).
He predicts that Inspired Energy, an advisory firm that helps almost 3,000 businesses to cut their energy costs, could be an attractive takeover target. In the meantime, the firm "has an attractive investment case, high-quality management and a good financial profile, including a growing dividend":
https://www.thetimes.co.uk/article/stock-market-bargains-you-can-still-grab-nv6fkvlx6
Ken Wotton is also interviewed on Citywire noting that at these levels, without a re-rating, INSE is likely to become a takeover candidate - one of its sector comparators (Zenergi) was apparently acqired last year at double INSE's current multiple. Listen from just over 10 minutes in:
Https://citywire.com/funds-insider/news/ken-wotton-takeover-resurgence-should-drive-uk-small-cap/a2406962
Thank you-I was thinking of buying shares at the bottom from a high of 19 however I cannot get my head around the drop and with little or no recovery I am not confident in investing much prefer Yu Energy!
Very good performance!
In theory the sp is completely unrelated to the business . However the lack of share purchasing from directors is disappointing. Share purchasing from institutions is quite interesting. Last communication from company was very positive. Directors are not supposed to comment on share price and have little or no control. The big tell tale will be dividend payments if Mark has completely lost his voice
Over the past 12 months this business has had a 65% drop and never fully recovered with no apparent explanations?
Realistically how damaging is this to the business as its not recovering.
This is obviously a company that adopts a strategy of ‘little communication and preferably none at all’ especially with private shareholders. On the other hand quite good news from Norway on gas prices and the viking wench Greta getting her teeth into Germany on opening a new coal mine. If ever a countries energy plan was a total disaster germany gets the gold or probably just a bit of fake tin.
Not a case of ii being dumb. They often have no choice to sell and besides, it’s not their money so they don’t care.
Rising nicely again today.
The year end trading update isn't normally until the end of January, so still a wait to find out if INSE's confidence at the interims in September in achieving expectations wasn't misplaced. Any shortfall against expectations is surely priced in now at these levels!
The last holdings RNS prior to Otus Capital's buying was back in April when Gresham increased to almost 30% of the company. My suspicion is that as with so many small caps recently there's an institutional holder or holders who've suffered redemptions and have had to find liquidity from wherever they can, at whatever price. And they're dumb enough to do this by drip-feeding into the market rather than actually bothering to find a buyer via the company or its brokers.
That explains half the story!
Otus Capital Management have acquired 50.4m shares and now own 5.2%:
Https://uk.advfn.com/stock-market/london/inspired-INSE/share-news/Inspired-PLC-Holdings-in-Company/89674805
20Million sold today!
So far
Only good news is it looks like the latest seller might be out of the way and we can head back towards 10p and beyond...
I agree entirely with your post, oogle....disgraceful is the word....
The cesspit that is Aim. Dreadful investor relations. I don’t think Ken Wotton has done an interview since last february. He did step in to purchase a load of shares off another fund manager in September I guess he is top loaded so couldn’t buy more this tim Is it him selling. Lot of price sensitive information being covered up. Disgraceful
So, what IS going on? Surely an RNS is due to explain the recent enormous trades. That's another 20 m shares sold just this morning. Who is the big seller? Is there still an overhang?
Come on - this silence is deafening!!!
Presumably they will release an RNS to at least say who has been selling these massive trades of 17 million if they can be bothered( which they often aren’t). Nobody enforces the regulations anymore on Aim about price sensitive information, but would have expected some director purchasing after this monster fall out.
....seems to have done the trick for now.
I can't quite see how the fundamentals justify the low sp and that steady drift down. Maybe we'll see a return to a more sensible (justified?) sp going forward.
As an aside, I wonder if Rivaldo is still around. His/her posts were usually very informative.....