GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video 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.
Thanks -yes & what I an wondering if that with rising sales- the forward order book *should* be higher yoy?
Https://twitter.com/DavidBurton1971/status/1685545985760444416?t=24S8jehckzSIhKZGrm7ZPg&s=19
Markets look forward by 6 to 18 months.
It's irrelevant what is happening now in the economy.
Rates forecast to rise a bit more yet, so wouldn’t say we are at the peak interest rate cycle, never mind a falling one.
Hught
That’s just the forward order book.
*I mean last first half financial year of 6months
Jabberba means that with first profits and continued growth - Company should be able to refinance more easily and at a lower rate; hence peak IR% cycle ! What I want to know is that with continued growth in such a hot sector - why are we looking to close almost same £ of revenue in Q5 & Q6 as last year (£14.4m) Surely should be more (much more) ! ?
“With all legacy payments to the hmrc (just shy of £1million) now cleared ***and a falling interest rate cycle*** debt is no longer the issue it was.”
A falling interest rate cycle? What makes you say this?
Https://twitter.com/share_talk/status/1684519017162358784?s=61&t=kysJELnhBvhfjx58VYiz8g
9 minutes 18 seconds in.
Stay above 3.6p, first target 7.3p, second target 9p, as soon as the start of next month.
Looking extremely good.
I think EAAS learned the lesson from last year, not to overtrade. To increase revenue by 50% to £33m, but still be slightly up on cash, makes that clear to me.
And they will increase revenue in the next 6 months, which is why they hired another 30 staff.
They won’t have any problems arranging finance. Every finance company wants to up its ESG credentials by lending towards net zero.
“ eEnergy (AIM: EAAS), the net zero energy services provider, is pleased to announce that the Group has entered into a new €5 million two-year project funding facility (the "Facility") with Solas Capital to finance LED lighting projects in Ireland.
This facility replaces previous project funding arrangements in Ireland and gives greater certainty on funding eligible lighting projects at similar costs of capital.”
Back up to 10p soon enough. Zak Mir should be putting this on his BBH podcast.
Very relaxed with this.
Have you read the RNS - net debt is now £7m ( was £6.6m 6 months ago)?
Also this statement in the RNS " Financing costs during the Period were higher due to, inter alia, the new subordinated debt facility issued in November 2022 and the higher interest rate environment".
The debt issued in Nov 2022 at over 20% interest needs to be repaid in May 2024 - £3.2m. As at 30/6/23 they have £800k in cash.
Yes it is a fast growing company in a hot sector, but they are not out of the woods yet.
With all legacy payments to the hmrc (just shy of £1million) now cleared and a falling interest rate cycle debt is no longer the issue it was.
A fast growing business in a hot sector and debt falling - hence the market has responded.
Top line results are excellent, but i'm still a bit confused regarding the cash position. Despite a successful 6 months cash is down and net debt is up.
The company has to repay loans plus interest of over £3m in less than a year from now. Based on these numbers they will struggle. I suspect based on improved trading and better market conditions this will be re-financed rather than repaid.
Very leaky kev.
Revenue up 50% to £33.1 million (FY 2022: £22.0 million)
o Energy Services revenue £19.5 million, up 86%, Adj EBITDA £2.3 million, up 137%
o Energy Management revenue £13.6 million, up 17%, Adj EBITDA £4.4 million, up 19%
Excellent results with lots more in the tank as you say k3 and with falling interest rates the debt is less of an issue.
Just £19 million mcap for a company in a hot sector with no sign of growth slowing. Very very cheap!
Leaky, as I assumed.
Only overtrading caused the need for additional finance here. Every organisation in the country wants to reduce its energy bill AND soak up the net zero brownie points for doing it.
Much more to come from EAAS. The warrants “gifted” to insiders are valid for five years. I suspect they will start to convert them at 10p. Plenty of profit to be had here.
We've just seen the bottom of the market for one.
Uk stocks are the cheapest in the western world.
It would be nice if Eenergy had some good news to boot!
They were growing fast anyway so it's about time!
5.8p ask!
Trading update tomorrow? Something is moving this market.
This will be 7p sooner rather than later
Wow moving finally
3.85 could be the bottom..imo...but need a bit more vols,to justify a sentiment change
lets see...
He obviously believs in this company.
Maybe a take over on the way
Yes, it is confusing. We have had good news re Drax partnership/ Irish fund support (for lighting) and the fact they have employed 30 people this year due to 'explosive growth'. Harvey - the CEO- always has said he if focused on growing the business not managing the share price.....certainly does not look like anyone cares !
Been thinking about buying, but not looking good, still falling with some significant sell volumes.
I think I'll hold off. Any thoughts?
Down to 4p to sell this morning. Next reporting not until September. We need some good news/ a catalyst.
Https://www.linkedin.com/feed/update/urn:li:activity:7079450219616030721?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7079450219616030721%29
Explosive growth, 30people hired this year.