Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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Good to see the price rising again and the bid price back up to 15p.
Good to see Fidelity up above 5% with 48.6m shares:
Https://uk.advfn.com/stock-market/london/inspired-energy-INSE/share-news/Inspired-Energy-PLC-Holdings-in-Company/83113911
Incidentally, Peel Hunt's forecasts per their recent 2nd June 2020 note are:
this year : 1.9p EPS
next year : 2.1p EPS
At 15.15p that's a current year P/E of only 7.9.
Peel Hunt will update their forecasts after getting more insight to H1 consumption, but even if they reduced to say 1.5p EPS this year, INSE would still look very good value at the current price. Especially with the easing of lockdown and a clear path to next year's 2.1p EPS forecast.
Well, kind of, licker, I suppose. The recent placing means the eps has been trashed with 200 million more shares in play but then we now have a fighting fund for more acquisitions (to, hopefully improve earnings going forward).
don't forget though with that very high PE ratio alot of earnings growth is already fully priced in!
Drat - not 'nogreen' just 'green' I my posting below. I am almost as green as you Qd22 - I can assure you!
...and you have holidays, too!!!!???
Anyhow, glad to see you're still around and, as ever, finding interesting nuggets of information.
As for me I try to look at this investment (and all investments) as objectively as possible and, even accounting for any, nogreen-tinted or any other type of bias, I can't see any reason why INSE shouldn't return to 20p plus over the forthcoming months. I'm not ramping here, just looking at the performance of the company, board statements and looking at the strategy of the company which has been playing out largely in line with those boardroom statements.
Anyhow, GLA but DYOR (and all that)
I like that - convictionless green!
"We are green, but only because it's going to make you/us money."
Makes me think, now fingers are to keyboard. I've been er, slightly, moderately, a little bit somewhat green ever since uni in the 70's. Sort of sickly pale lime! Still eat meat - some - and the electric car experiment has come to a sticky end, for now. But always aware of what I am doing, and what it costs the planet, looking to avoid the excess, looking for the best alternative. Looks bad, but in a way is it the way to go? Attenborough said recently words to the effect of "if we could all just avoid WASTE".
And I've avoided companies that are major polluters or climate killers, or funds that don't take that into consideration. Looks like they expect a lot more like me...
Hi BurnleyMan, apologies - been away on hols for 10 days, so incommunicado! And INSE's been pretty quiet, so nowt to comment on. H1 results are on 3rd September, so not long to wait. Huge volumes yesterday are a healthy sign.
Here's some good news - the Diverse Income Trust, for whom Gervais Manager is a Fund Manager, have just released their Annual report.
They have a £3.6m investment in INSE, and they have this to say about INSE and its green credentials:
Https://stockhouse.com/news/press-releases/2020/08/18/the-diverse-income-trust-plc-annual-financial-report
"Although the Trust does have a policy of investing across most industry sectors, one of the factors that the Manager takes into account is the risk that some industry sectors may become so unpopular that gradually all other institutional investors will avoid them altogether. If this occurs, then there is a danger that the Trust will be unable to liquidate a holding. The Trust has already scaled back its holdings related to coal extraction companies for this reason.
Conversely, there are quite a few UK-quoted businesses working in sectors that have a positive impact on carbon emission targets. Inspired Energy, which monitors the power and water consumption of their customers, to help them reduce wastage is one example. Over recent years, Inspired Energy have extended their service so that they can provide auditable data on the annual carbon emissions of their clients. At present, the valuations of many of these kinds of companies are often no higher than others in the portfolio, because numerous smaller quoted companies are overlooked by other investors. In time however, we do expect the valuations of stocks that are making a positive impact on the climate change agenda to move to premium valuations. As this occurs, it is expected that it will enhance the returns of the Trust."
....when s/he's needed????
After a couple of days where there's been 6 buys totalling about £3.5m just wondering if our resident sage (no, really) here, rivaldo, has any thoughts on what's going on. Of course, if anyone else has any ideas that, too, would be most welcome.
Hopefully a return to the sp moving forward and with strong results being delivered in the next few weeks.
So, two very big buys today and the share price doesn't move an inch. Must be a very big seller out there too, I suppose, unless anyone else has any theories?
...er....I mean this morning (re the large buys) - ha ha
Some activity this afternoon with quite a few chunky buys. News afoot??
Fidelity are a new major shareholder, with 5.1% or 36.3m shares:
Https://www.investegate.co.uk/inspired-energy-plc--inse-/rns/holding-s--in-company/202007141026049474S/
Well run Company Good profits and dividends. The Directors Paul Connor ,Mark ickinson and the Chagford Higgins' are well thought of. An "Inspired "investment by our Board to complete the purchase of Ignite Energy PLC.
Placing and Open Offer at 15p to allow the acquisition of the rest of Ignite (which has been performing ahead of expectations), plus further acquisitions.
And INSE has performed better in Q2 than anticipated, with H1 revenues up 19% year on year and EBITDA only down 8%. Plus strong cash conversion, with dividends being restarted soon.
The discount's not too bad, and likely explains the hiatus in the share price recovery. Most importantly, this will capitalise on the ESG boom which will continue for the foreseeable future.
General summary of the update, but with brief analyst comment from Peel Hunt added:
Https://www.proactiveinvestors.co.uk/companies/news/923038/inspired-energy-sees-order-book-increasing-despite-pandemic-923038.html
"The medium-term outlook remains positive, underpinned by market fragmentation, growing barriers to entry and the scale advantage from the market leading positions," analysts at house broker Peel Hunt commented."
Very impressive new NED appointment - the ex-CIO at EDF Energy should bring in lots of industry and customer contacts.
And the last sentence regarding INSE introducing a revolutionary "full digitisation programme" for customers reads well too:
Https://uk.advfn.com/stock-market/london/inspired-energy-INSE/share-news/Inspired-Energy-PLC-Appointment-of-Non-Executive-D/82765748
"Commenting on the appointment, Mike Fletcher, Non-Executive Chairman, said "We are delighted to welcome Sarah to the Inspired Energy Board. Her significant experience in the energy sector and technology transformation will be valuable to the Board at a time when we are looking to revolutionise our sector with a full digitisation programme for our valued customers."
Peel Hunt again reiterate their Buy and 25p target, i.e 43% upside from here:
Https://investing.thisismoney.co.uk/broker-views/
Today's AGM statement reads pretty well. The order book has continued to rise since the year end, and whilst INSE had a strong Q1 until COVID-19 came along, it's remained profitable and "strongly cash-generative" even since then and will now benefit from lockdown easing.
Interesting commentary too about acquisitions, which suggests that there may be activity here before too long.
Https://businesslancashire.co.uk/2020/06/26/crowberry-consulting-ltd-in-new-partnership-with-inspired-energy-plc/
"Crowberry Consulting Ltd in new partnership with Inspired Energy Plc
June 26, 2020
Crowberry Consulting® Ltd is proud to announce a new strategic partnership with Inspired Energy Plc. Crowberry Consulting based in Chorley, Lancashire is a sustainability consultancy delivering bespoke management systems, training and auditing to energy, ethics and environmental standards. Inspired Energy Plc is the UK’s leading energy consultancy, working with corporate and SME businesses to optimise the value of every pound spent on utilities. Headquartered in Kirkham, Inspired Energy offer a range of specialist solutions aimed at lowering bills and protecting businesses against rising energy costs and changes in legislation.
Ben Beetham, Director of Partnerships at Inspired Energy plc, said: “We’re really excited to announce our strategic partnership with Crowberry Consulting. As a Lancashire business, we already have strong relationships with several local businesses, but this partnership will continue to strengthen our ties with the Lancashire business community.”
Andrew Nuttall, Managing Director of the group’s SME division adds: “We know that a lot of businesses, especially SMEs, are feeling the pressure at the moment. We’re supporting business owners across the region to make sure they come out of this crisis as strong as possible. By working with us, you will get access to our specialist teams that are highly experienced in dealing with the energy spend demands of your business.”
Becky Toal, Managing Director of Crowberry Consulting said “We are delighted to have partnered with Inspired Energy as their services clearly complement our product offer to customers. As we emerge from the pandemic lockdown our customers will be looking for great energy deals and technology support, as well as help with the net carbon zero agenda. We look forward to a productive partnership in Lancashire and UK.”
Good to see buyers now paying the full 18p offer.
Just been tipped by Ken Wotton, Manager of the Gresham House UK Micro Cap Fund in this video interview transcript:
Https://www.morningstar.co.uk/uk/news/203326/3-alternative-stock-picks.aspx
"Wotton: Our final stock is a company called Inspired Energy Group. Inspired Energy is a specialist energy procurement consultancy business. So, it focuses on mid-sized corporates, typically ones that use greater amounts of energy than average and it advices them on the sub-optimal tariffs that they should be entering into for their gas and electricity and also advices them on how they can reduce their energy consumption that is very topical at the moment sort of as sustainability becomes a more prominent thing in people's minds. And this is a business that has really successfully used the AIM market over the time it's been listed. So, we invested in that business in 2011 when it came to the AIM market. It was a 10 million market cap company and made profits of just over £1 million. Roll forward to last year, and it made profits of £18 million…
Black: And is it often that you'll hold a company for that long, particularly it's still fitting your micro-cap remit?
Wotton: Yeah. So, we are long-term investors. On average, we'll hold a company for four to five years, but we have some which we've held for shorter times and some we've held for much longer including Inspired Energy. And we look at it based on the opportunity and whether we still believe there's good attractive returns to come and this is in category of – it was a very small company. It's now sort of a medium-sized company but we think there is a good growth opportunity for the next few years."
Good to see the bid price ticking up twice today and the spread reducing nicely. With sells achieving large premiums over the bid price - the last at 17.55p - INSE seems to be looking strong at present.
The chart looks good too. Hopefully back to 20p soon for starters.
A couple of good sells today. Buyers at the ready