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Cheers lord o Burnley. Hopefully my 11p top up not so bad now. Expect the market makers have been accumulating and licking their lips at this early Christmas gift from yet another dumb fund manager chucking investors money away. Wonder where the bidding will start on Monday. Don’t expect to see 7.8, or even 9p again.
Well, what happened there in late trading?????
Looks like about 70mil shares sold. Let's hope that's the big seller out of the way now and normal service resumes next week.
I presume an RNS will follow on Monday morning?
Good weekend all.
Interesting that if you look at the trades today someone is trying to keep the share price high by buying small amounts at the ask price. This has been happening for quite a while but very noticeable today. At 9:03:10 there was a sell of 190k shares at 6.7p but two small buys at 7.5p at 09:45:38 for 64 shares and 10:50:37 for 186 shares have been made at the ask price in order to push the listed price up.
Whoever is doing this is surely quite desperate.
Just seen a list of major holders as of November 14th 2022. 75per cent owned by 8 institutions. Top 3 are Gresham House 29. 9 pc. Slater and Premier Milton both have substantial holdings above 5pc. Can only guess one of the smaller ones is selling out in blocks. There has been no news so doubt it’s anything else. Very odd not to comment or RNS . Poor investor relations
Takes two to tango. Who keeps buying them?
The share price drop is so dramatic I think INSE should say something. I thought 8p would provide some resistance but the share price has smashed through it. I dont know where this stops and it could spell some real trouble for INSE in terms of raising capital in the future. All this is great for new investors but catching a falling knife isnt easy.
With a 60% fall and no sign of change I would have expected some sort of announcement from the company?
But I guess as there seem on obvious reason for the continual fall then its best to ay nowt!
Probably Ken selling out in 50k blocks. Could take years as he owns a 3rd of the company. Some kind of contract news would have been appreciated.
Still continuing to slide!
I dont understand it
More decent sells this morning is it the sells ver the last few months?
A 50% drop in share value ripe for take over!
It will be interesting t see how this pans out
Share price falling again and now back to levels not seen since Jan 2014. Interestingly the accounts published in December 2014 show a turnover of £4.41m, profit of £1.17m profit with 39 employees. The most recent accounts show a turnover of £67.94m, profit of £1.6m profit with 600+ employees. Not sure they have gained that much over the last 8 years and perhaps that's reflected in the share price?
I have just viewed the sells from today and back a few week looks like selling on mass and I see the S/P still down?
I agree. Something is not quite right.
Of course Ken Wooton is going to tip INSE...he's heavily invested! I dont think the lack of buyers is the reason for the share price continuing to track downwards as it has been falling for a significant time now.
With 1.3p EPS forecast for the year about to end INSE are now on a P/E of just 7.3.
Obvious sector considerations have presumably caused some to sell, and with the lack of buyers around in these markets it hasn't taken much for the share price to drift.
INSE confirmed in September's interims that they expected to meet expectations, especially given the seasonally stronger H2.
The highly respected Ken Wooton, managing director at Gresham House, has picked INSE out as one of three "high-quality small-cap stocks with attractive long-term growth characteristics":
Https://portfolio-adviser.com/small-mercies-resilient-returns-within-uk-small-cap-sector/
"Inspired Energy is a leading UK corporate energy services and procurement specialist operating in the UK. We first invested in the business in 2011, having built strong conviction in the company’s management capability and structural growth potential. By working closely with management and key stakeholders over the years, we had identified the opportunity to shift the company’s focus from lowering energy bills to reducing carbon emissions – to capitalise on the growing sustainability agenda.
Leveraging the wealth of data and analysis it has collected to date, Inspired Energy is now building out its offering with a new business arm, which provides ESG data and analytics for businesses conducting supply-chain evaluations. Due to the profit recovery potential and long-term structural growth opportunity tied to this expanding sustainability offering, we invested further in the company during the Covid dip and now hold a significant stake across our strategies."
Something not quite right here I was under the impression this was a solid growth business albeit through acquisition as opposed to organic growth,
I do wonder if there is any infighting for business within the business as before acquisition the business were competing against each other and they are broadly within the same market.
Maybe best time to buy shares is now?
Or are they having issues that are being kept under wraps?
Yu Energy on the other hand is doing well thank you!
Ken Woton of strategic equity capital has been hot on this stock for sometime since the raise @12 pence . It is now 5th in their top ten holdings making up 7 percent owning 28 percent of the company. Harewood is the other company I was thinking of. I can only assume their is a liquidity problem with the stock and small investors have taken fright because of the Russian situation. They don’t make money from selling energy but they do get a take off from the contracts they manage. Trading was solid at the last update. Don’t think much has changed other than sentiment. Broker forecast is 25p. In the meantime tempted to add at this price having bought a few more @ 11p recently. So long as the dIvidends keeps rolling in
Mysterious. The update was pretty solid on growth which I must say surprised me followed by an increase in dividend. Fairly small persistent selling since then and this fall particularly on low volumes.Gresham House increased holding and I seem to remember another trust taking a large position . I suppose debt is quite high for the return they are currently getting. Couple of acquisitions too. This rate hike was expected . 2 year recession forecast sounds grim but again we are talking more in terms of stagnation than a serious retraction at the moment. Uncertainty fosters all kinds of possible but unlikely scenarios. We need energy and we need it low carbon and affordable which is what this company is about I thought.
Anyone have any opinions as to why INSE's share price is tanking? Currently at 9.7p which takes the price back to levels not seen since early 2014 and more than 40% down since last year.
Peel Hunt say Buy with a 25p target:
Https://www.proactiveinvestors.co.uk/companies/news/991878/inspired-has-buy-rating-reiterated-on-record-performance-of-consultancy-division-991878.html
"Inspired has buy rating reiterated on ‘record performance’ of consultancy division
Peel Hunt expect strong cash generation to cut into net debt, while EPS unchanged at 1.3p
Equities analysts at Peel Hunt have reiterated a buy rating with a target price of 25p following Inspired’s trading update on Tuesday September 6.
Inspired’s Energy Assurance division – which operates as an energy marketplace between suppliers and businesses – was “slightly ahead” of Peel Hunt’s expectations after delivering 3% organic revenue growth.
Meanwhile the Optimisation consultancy division “enjoyed a record performance as clients prioritise energy-efficiency projects that are now delivering a quicker cash payback”.
The Software Solutions segment “continues to demonstrate a highly resilient performance through long term relationships and attractive EBITDA margin dynamics,” while the rapidly expanding ESG segment came in ahead of expectations.
Peel Hunt retains a full-year EBITDA target of £21.2mln, giving an unchanged earnings-per-share (EPS) target of 1.3p.
Net debt is expected to go down given strong underlying cash generation which rose to £5.8mln in the first half (though was offset by a £10.2mln contingent payment).
“Overall, we expect leverage to remain comfortably below 2xEBITDA, supported by inherent cash generation," said analyst Andrew Nussey, adding: “The outlook remains positive and we reiterate our buy recommendation.”
Shore Capital note the H1 results show "good strategic progress".
They've retained their forecast of 1.3p EPS and a 0.3p dividend.
It's also worth noting that the supplier risk from the Gazprom-related entity has largely disappeared now that it's been taken into public ownership by the German government.
A couple of worthwhile extracts:
"Outlook.
Management is retaining its current guidance, noting that the energy Assurance services are set to see challenging markets continuing with energy prices. In the Assurance business, we note that the Group is seeing a mix of churn and new opportunities (Corporates still require energy procurement strategies); we are encouraged to see the order book being maintained at the end of H1 at £67.5m in-line with the FY21 Year-end figure. Optimisation services strong growth continued through H1, over and above pandemic recovery, and we see this continuing into FY23F. ESG services are seeing similarly strong growth, albeit from a smaller base. Encouraging 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 FY22F PER of 8.7x (EV/EBITDA 7.0x), offering a progressive dividend yield of 2.4% - funded by a free cash flow yield of 9.4%."
Good results today in the current climate, with trading reiterated to be in line with expectations of 1.3p EPS this year (after 0.55p EPS in H1).
The dividend is increased to 0.13p and so should also be in line with the 0.3p forecast.
Revenues are up 24% and EBITDA is up 10%. ESG Services is booming, with revenues up 215% at £1.2m, and Software Solutions continues to be nicely profitable. Debt is up due to payments of deferred consideration.
Hopefully the new PM's measures to protect business from energy price rises will be strong enough to further strengthen INSE's prospects and customer base.
My buy trade for approx 20,000 @ 11.9 hasn't been reported here or on the LSE. I presume those two trades @ 11.9p were also buys as the spread is 11.8-12.20. No sells and the sp drops!