PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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Good time to be in ...demand is growing massively
Leaderboard now ...moving up
Today ....looking good for an afternoon rise
Cash flow issues
Now on the leaderboard
Looking good today...should see in move up
C'mon Ria,
The reason this has tanked so dramatically recently is that they are running out of cash and they've already intimated at a fundraise.
It's coming at some point it's just when and at what price
Coming in today
Contract to provide onsite solar energy generation coming in
Link: https://www.equitydevelopment.co.uk/research/eenergy-group-investor-presentation-with-qa-september-2023
eEnergy Group (AIM: EAAS) directors Harvey Sinclair (Chief Executive Officer) and Crispin Goldsmith (Chief Financial Officer) took investors through:
- highlights of the period which included continued strong organic growth
- ongoing demand and available capex from the customer base
- the focus on improving cash generation and working capital initiatives,
- the strategic options to strengthen the balance sheet to support further growth.
EAAS is a net zero energy services provider, and this presentation covers its results for the period to 30 June 2023.
The full video recording is available to watch at the above link, divided into chapters as below:
0:00:06 Key highlights
0:01:53 Customer Proposition & Revenue Model
0:06:55 Strong Growth Drivers
0:09:52 Financial highlights
0:12:56 Working Capital
0:16:25 Outlook
0:16:48 Summary
0:18:19 Questions & Answers
Any thoughts on the loan repayment? My read is that whilst they are growing well and are EBITDA they are still struggling to generate cash.
The expensive loan taken out last year was not well received (c50% SP drop) and needs to be repaid May/June next year (plus the interest).
It appears the only way this will happen is via re-financing.
Until this is cleared up i think the SP will stagnate.
The leaderboard now
Fabulous results today
Just finished a company presentation around the results today on this platform, interesting watch if you want to sign up. A recording should be ready shortly to view if you sign up.
This is looking like an even better business than 6 months ago and it was very compelling then!
No signs of growth slowing for years matter what the economic climate.
All schools have roofs. Probably, and I realise I’m being presumptuous here, teachers have a higher percentage of EVs than non-teachers, so they all need chargers. Schools probably get a lot of encouragement from theirs yoofs. It all points to growing demand.
They just have to manage that demand and not overtrade, like they did last year.
Is growth speeding up????
Once our revenue run rate surpasses £50 000 000 (soon) this will no longer be seen as a micro stock and a whole new wave of institutional money will flood in!
Link to research report & audio summary: https://www.equitydevelopment.co.uk/research/driving-net-zero-through-innovation-and-technology
eEnergy is a leading B2B energy services business in the UK, supporting c.2,000 clients with their energy strategies across public and private sectors. We believe the energy crisis has combined with the Net Zero agenda to create a tipping point for action on energy security, costs, consumption and waste. After three years of significant growth and investment since listing on AIM, eEnergy looks ideally placed to play a leading role in the Net Zero transition. This is underpinned by a compelling proposition, which delivers energy efficiency upgrades that are paid for by the savings generated.
Today’s interims to 30th June (12-month period) confirm the continuing strength of demand, which we expect to drive sustained EBITDA growth and an improvement in free cashflow (estimated 10% free cash flow yield from 2025). In our view, medium term growth prospects are highly attractive and are not reflected in a very modest £20m market cap.
A modest P/E ratio (7.7x falling to 6.3x in FY24/FY25) appears to overlook the growth trajectory, with EBITDA expected to increase by 41% in 2023 and 30% in FY24 without factoring in the potential for M&A. A 7.5x EV/EBITDA rating would suggest Fair Value of 13p per share.
Surrey County Council leader David Hodge was interviewed today on BBC Radio 4's Today programme. He is head of the County Council group. He was saying that more charging points a required in the counties, “to reduce charger anxiety”.
Looks like educational establishments will be well catered for, if they contract with EAAS to lower energy prices, energy consumption, provide solar power from the rooftops and put EV chargers in the car parks.
All the time collecting net zero plaudits.
It’s a great business.
Would be nice today
1.2 million and buy nearly tripling sells....expect some movement...mms are going to have to let this go
Great contract win today and expect more to come
And this will motor
Great time to buy