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so do we accept the £722.50 or not ?
Fantastic :o)) I'm very happy with that, and it looks a done deal given the acceptances.
I doubt it it is not a buyer in the business and has 44% irrevocable votes BidCo has received irrevocable undertakings to vote or procure votes in favour of the Scheme at the Court Meeting and the resolutions necessary to implement the Scheme to be proposed at the General Meeting (or, in the event that the Acquisition is implemented by a Takeover Offer, accept or procure acceptance of that offer) from: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/12780149.html
Any likelihood of a counter bid?
Did not see this coming? Was hoping for the future dividend income streams resulting from recurring revenues.
RNS'd contract win just out - at £6m this is "the largest Utility Networks contract to ever be secured by Energy Assets".... Http://www.investegate.co.uk/energy-assets-gp-plc--eas-/rns/new-contract-with-east-lothian-developments-ltd/201604070700054179U/
Decent snippet from today's Mail: Http://www.thisismoney.co.uk/money/markets/article-3398006/MARKET-REPORT-Prestigious-stamp-coin-dealer-Stanley-Gibbons-sees-shares-collapse-struggles-cope-Asia-turmoil.html "Energy Assets, the gas & electricity metering service provider, jumped 33.75p to 519p on a strong third-quarter trading statement. Total revenue increased 22 per cent to £31.5million and the group’s owned and managed asset portfolio has risen by 23,000 since the half year to 427,000."
Have I got this right? The P/E shown on LSE and other sites based upon last official report.......so as revenue in the trading update is up 20%, and margin also good then P/E is probably more like 13 rather than 19?
so I am hoping that people will start to appreciate this share. I have been invested for several years but the recent share decline has baffled me as the news is all positive!
Very good elements, pasted from the RNS Total revenue for the period increased by 22% to £31.5m (9 months to 31 December 2014: £25.9m); Recurring revenue increased by 15% to £19.3m (9 months to 31 December 2014: £16.8m), accounting for 61% of total revenue;
As good a 9-month trading update as you could hope for today: Http://www.investegate.co.uk/energy-assets-gp-plc--eas-/rns/q3-trading-update/201601130700056558L/ Overall and recurring income increasing fast, nicely in line, and a very bulish outlook: "Energy Assets Chief Executive Phil Bellamy-Lee said: "The Group has continued to deliver strong growth in the period which is significantly ahead of the same period in the prior year. The Blyth acquisition represents another positive milestone for Energy Assets as we continue to grow our business, both organically and through acquisition, and extend our product ranges and service offering to a wider multi-utility market sector."
Http://www.risersandfallers.com/2015/12/10/energy-assets-group-plc-reiterated-as-buy-by-numis/
Sounds like a good new client for EAS: Http://www.investegate.co.uk/energy-assets-gp-plc--eas-/rns/agreement-with-crown-gas-and-power/201512150700050121J/ "Agreement with Crown Gas and Power Energy Assets Group plc (LSE: EAS.L), the largest independent provider of industrial and commercial (I&C) gas metering services in the UK[1] and a major provider of utility infrastructure services and electricity metering and data services, is pleased to announce that it has been appointed as a preferred supplier to Crown Gas and Power (Crown), the gas supply division of Crown Oil Ltd. Crown has over 15 years of experience supplying gas to businesses, the public sector and the construction industry. The appointment is for the provision of advanced gas metering technology and data services solutions. As the leading independent provider of I&C gas metering services in the UK, the Energy Assets offering encompasses a suite of innovative options and solutions to help customers manage their energy use and meet the industry's obligations on carbon reduction. The Group has a reputation for delivering high quality solutions to customers and Energy Assets will partner with Crown to deliver Meter Asset Management (MAM) and Automated Meter Reading (AMR) services of the highest calibre. etc"
Energy Assets secures £10million funding boost https://www.energyvoice.com/other-news/93411/energy-assets-secures-10million-funding-boost/
...for the interesting article. gives a bit more colour to the results. The trading volumes on this share are so low. Seems to be under the radar for most PI's
Energy Assets underlines appetite for acquisitions http://www.heraldscotland.com/business/14022260.Energy_Assets_underlines_appetite_for_acquisitions/
Hopefully will push share price back up to £6 where it should be........
Saw a decent climb of 25% last year from here to the interims last year and see no reason why we wont be back towards £6 this year. 1st quarter update and AGM statement both positive - little room for negative surprise. Adding at these level.
I was thinking the same i got stopped out of this some time ago but always looked to get back in. The SP has been declining for several months but the drop below £5 is worrying! I wondered if a big investor had been selling but not noticed any large selling volume/RNS. Results are due in a mths time so they will be interesting to read as always thought results to date had been positive! SP does appear to be recovering from the 8% it was down earlier, i expect the 8% will have trigged lots of stops as well. Agree company seems solid although nothing outstanding so down trend does seem harsh, good results will hopefully see an increased SP in Nov
Struggling to understand why EAS is declining......admittedly it has the word "energy" in the name but it is a very solid company with growing recurring revenues....no divi yet but probably will come if they do not make more acquisitions. Anyone have any thoughts ?
Well it seems even EAS isn't immune to the general market sentiment today
Has raised their target price to 660 from 530
A VERY strong Q1 trading statement just issued - which sets EAS up for a rather good H1 considering the confidence in the outlook: Http://www.investegate.co.uk/energy-assets-gp-plc--eas-/rns/q1-trading-update/201507220700206928T/ Extract: "Outlook Commenting on today's announcement, Energy Assets Chief Executive Phil Bellamy-Lee said: "On behalf of the Board, I am delighted to report that we start the financial year with another period of strong activity. Demand for the installation of advanced utility meters and related services remains high and continues to be driven by regulatory requirements. The Energy Assets business continues to grow across our asset portfolio and Siteworks business. Additionally, the Group has continued its strong track record of successfully integrating new businesses and Bglobal Metering, Origin and SA Gas are all performing in line with management expectations. Performance in the first quarter indicates that the Group is on track to deliver another year of solid growth."