Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
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Revenue and EBITDA in line with the trading update in March, which saw the SP comfortably around the 300p mark. Record year for the company, increased dividend, forward looking growth...
I'm really not sure what the hell has happened here .. but I'll take more shares around 150-170 if they become available!
"Business remains well funded", cash balance of £3.2m... little to no risk of dilution or a fundraise.
I'm loading up!
I've just managed to buy at £1.86 and £1.84
What on earth? I can't see any reason whatsoever for a near 30% drop to an all time low, half of its yearly high only 2 months ago.
A £60m mcap for a company of this size with this sort of revenue and margin is bonkers.
Buy.
Eneraqua Technologies CEO, Mitesh Dhanak gives an overview of ETP’s results for the year ending 31 January 2023
Watch the video here: https://www.piworld.co.uk/company-videos/eneraqua-technologies-etp-fy23-overview-may-23/
Or listen to the podcast here: https://piworld.podbean.com/e/eneraqua-technologies-etp-fy23-overview-may-23/
Tuesday, 23 May, 11:00am
ETP CEO, Mitesh Dhanak and CFO, Iain Richardson, will present preliminary results for the year ended 31 January 2023, followed by Q&A.
Register here: https://bit.ly/ETP_FY23_results_webinar
RNS - prelims will be next Tuesday May 23rd.
We already know results will be in line with around 25.3p EPS, plus a 1.2p dividend.
Order books are excellent and confidence is high with so much forward revenue visibility. Perhaps the upcoming results will bring in some buying on such a low P/E.
Batterseafish, the CEO and the other guy sold just 9% of their holding - the first such sales since the IPO in 2021 - and they retain very large holdings in ETP. It's perhaps more relevant that post-IPO other directors were buying more at 255p, 276p and 279p - well above where the share price is even now after the company has progressed nicely since then!
Director dealings suggest not.
Good to see some very good coverage of ETP by AIM Prospector - well worth reading, and it's free to download!
Although I note that the broker forecasts mentioned are a little understated - Finncap's forecasts are now 25.3p EPS for this year and 28.8p EPS for next year.
The page-long article concludes:
Https://www.aimprospector.co.uk/product/35
"Given Eneraqua's track record, relevance and opportunity I would expect the shares to trade on a P/E of at least 17. Applying that to the 2024 forecast suggests that the shares may be too cheap by half."
Exciting to see that they’ve already secured around £80m in revenue for this coming financial year after only being a couple of months in. 45% growth YoY extremely strong
ETP have confirmed that EBITDA will be in line with expectations, giving rise to around 25p EPS as "within the range of market expectations". This despite some delayed work leading to revenues being shifted to the current year, as margins were higher than expected.
Most importantly, 99% of this year's revenue forecast is alreday covered from order books! No wonder they state they're "confident in the Group's outlook for the year ahead".
With consensus of 28.2p EPS for this year ETP remain good value on a P/E of only 12.4.
ETP are featured in this interview with "1st class fund manager Oliver Brown of RC Brown" - "pretty cheap" and "not put a foot wrong". Watch from 20 mins in:
Https://www.youtube.com/watch?v=BtNIGdJzme0
Very nice £33,300 buy at 370p first thing this morning, and more new highs.
HL2024 seems to be gaining widespread traction....
Southern Water (Hampshire school):
https://www.southernwater.co.uk/the-news-room/the-media-centre/2023/february/hampshire-primary-school-saves-thousands-on-water-bill-thanks-to-water-saving-trick
South West Water:
https://twitter.com/Dillymint/status/1546793695432818689
Rising nicely again - looks like new all-time highs now.
Metis20, being slightly pedantic the year end trading update was on 2nd March last year, not the 3rd. Which means there's hopefully even less time to go!
FY trading update was 3rd March last year.
Good to see a little buying this morning having a nice effect on the share price. Hopefully this means the seller has left the building.
With 28.8p EPS forecast for this year, and 85% of forecast revenues already secured back in last October's update, a P/E of only 11.5 is far too cheap imho.
...will be coming in soon and should show a near doubling of turnover and ebitda. You'd like to think that this will create some upward momentum from new investors and some short term trader interest too.
Https://www.linkedin.com/feed/update/urn:li:activity:7019634115117228032/
"Cenergist 1,051 followers
1mo •
Following a successful pilot, Cenergist, together with Crawley Council, are rolling out the installation of our patented Control Flow containing HL2024 technology products in council homes. The installation of these products aims to help Crawley Borough Council achieve their water neutrality goals. The results of the pilot showed that homes could save on both their water and energy bills with the average saving being £360 per year, with the results analysed by Liverpool University."
Here's a link to the full 20 page Alpha stock research report on ETP:
Https://pdfs.investorschronicle.co.uk/Simon_IC_Alpha_677388_Feb2023.pdf
Good to see the rise continuing today - no reason why we shouldn't see new all-time highs here assuming ETP delivers and with 28.8p EPS forecast for the current year.
Particularly with 84% of this year's revenues already secured.
Apparently tipped today by the IC's Simon Thompson in a big Alpha Stock note...excellent.
Intriguing goings-on this morning - 124,000 shares traded already in what's normally an extremely quiet stock.
We're now past the 31st January year end. Last year's update was on 2nd March, but that was the first year end update post-IPO, so maybe ETP will get this year's one out more quickly.
Nice post 3 days ago from Coastline Housing praising to the skies Cenergist's Control Flow products:
Https://www.facebook.com/CoastlineHousing/photos/a.10150196520920004/10167013904395004/
"Coastline Housing
Coastline has formed a partnership with Cenergist and South West Water to help our customers save water and money and we're pleased to report some quite astounding statistics coming through just four months into the project.
As utility costs increase more customers are seeking ways in which to save money sustainably. Reduction of water use, which will help to impact on both supply and waste costs, has not been explored by many landlords.
This new partnership sees us working with Cenergist, a specialist water auditing company that is already in the process of conducting a water saving programme in partnership with South West Water.
The programme is completely free to Coastline customers, funded by South West Water and managed by Cenergist.
The audits involve installing a flow control valve reducing water wastage and saving customers money on their energy and water bills. During the audit Cenergist will also check for leaks and rectify where possible. Phase One of this project started in August 2022 and includes around 2,000 Coastline homes, mainly in Helston, Redruth and Camborne areas.
So far, Cenergist colleagues have visited 454 Coastline properties and believe they have saved the average household around 30.2 litres of water per day. That adds up to a whopping 4,905,235 litres each year!
Watch out for a letter soon informing you if Cenergist will be visiting your property, and we hope it helps a little with your water bill in future."
Interesting article by a project head at Cenergist last month regarding the £1 billion Public Sector Decarbonisation Scheme, with over £1 billion of funding from 2022-2025, and some examples of Cenergist's implementations:
Https://www.energymanagermagazine.co.uk/steering-public-sector-decarbonisation-how-organisations-can-leverage-psds-funding/
More new all-time highs with this morning's 5p rise - buying coming in at 359p.