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Looking interesting online, with only a maximum 50k shares available to buy. Which helps explain the small tick up after just a £3.5k buy.
2019's results will hopefully be out any day now.
Given that per the 26th March update, the division with 90% of Group revenues had had almost no impact from COVID-19, one would hope that (quite apart from the 2019 results, which we know will be good), the outlook for this year will show only a small effect at most.
In which case the current share price would look ridiculously cheap.
Anyway, shouldn't be long now:
"There has been no material impact on the assurance and advisory services provided by the core Corporate Division to date, which represents c.90% of 2019 Group revenues."
"Whilst we undoubtedly are in a period of economic uncertainty, the Board believes that the Group's profitable and cash generative nature coupled with a strong order book and substantial liquidity at its disposal will see it well placed as the economy emerges from the current period of uncertainty."
Mark Slater is buying and is back up to 5%, with 1.3m shares:
Https://www.investegate.co.uk/inspired-energy-plc/rns/holding-s--in-company/202005141110469191M/
Nice:
Https://www.edie.net/news/10/Businesses-provide-NHS-workers-with-renewably-powered-smartphone-recharges/
"27 April 2020
More than 11% of the NHS's estate was set to be switched to 100% renewable electricity this spring, under new energy deals signed by its Property Services arm.
NHS Property Services (NHSPS) is responsible for more than 3,500 buildings, including hospitals, health centres and GP surgeries. These properties collectively total more than 34 million square feet.
Under new contracts signed through Inspired Energy, all of these properties will be switched to 100% renewable electricity in April. The contract will also see a shift to lower-carbon natural gas for heating. NHSPS claims the switch will reduce its annual direct (Scope 1) and power-related (Scope 2) carbon emissions by more than 40,000 tonnes."
A poster elsewhere has spoken to INSE and came away with this relatively encouraging summary, noting that current business is largely unaffected:
"Current business is largely unaffected according to the person I spoke to. Long term contracts giving INSE income based on the savings achieved. Not much new business as the market has other priorities.
I expect guidance will include a medium term downturn as buildings are not being used with some bullish statement that cost saving measures will drive revenue for 2021."
Looks like a nice 300,000 buy at 13.875p just reported.
This Gresham House fund manager says INSE are on a "compelling" valuation and is presumably one of his "unprecedented opportunities to back fantastic businesses at attractive prices":
Https://portfolio-adviser.com/darius-mcdermott-dont-write-off-uk-small-caps/
"LF Gresham House UK Micro Cap fund manager Ken Wotton says his team has lowered exposure to cyclical companies in the portfolio to limit downside risk and maintain liquidity. However, he has also taken advantage by investing in businesses he feels now have compelling valuations, such as Inspired Energy and Dominos Pizza. He believes the market environment will provide “unprecedented opportunities to back fantastic businesses at attractive prices either due to forced sellers in the market or through capital raises"
Anyone know why trades covering the period 14th Feb to 7th April have been removed from the recent trades list? https://www.lse.co.uk/ShareTrades.asp?shareprice=INSE&share=Inspired-Energy
Seems very strange....
Looking at the trade activity over the past week there seems to be some interesting action e.g. on the 25th March notice lots of small buy executions which help drive the price up from 10.7p to 12.9p. The same on the 31st March where we have the same increasing the price from 12.95p to 14p before a large sell order of 134k shares.
Between the 23rd March and 31st March the balance between buy and sell executions is the same yet the price has gone up.
Someone clearly knows what they are doing to drive up prices.
What's your interest here, observerbill? Forgive me if I'm wrong but I don't think you're a holder here. If not I really do admire your selfless approach to looking out for us who are holders.
Alternatively, are you shorting this and being remunerated for posting negative posts?
Whatever, I suspect most if us are prepared to live or die by our own investment choices. If you can provide some well-evidenced analysis that would be helpful
I certainly dont think this is anywhere near the likes of Utilitywise who were in debt to suppliers. It baffles me why negative posts are added. If you dont like the stock, invest elsewhere..
Its a shame that people cannot see the obvious outcome - this is going the same way as utilitywise.
Up another 10% now today.
Nice 110,000 share buy this morning at 13.5p - a full 0.5p premium above the published 13p offer price. Very keen.
Peel Hunts TP looks about right, although getting there has clearly been pushed out by quite a few months. I can wait.
Peel Hunt have reiterated their Buy and 25p target price.
Which presumably also means they've retained their 2p EPS forecast for this year - that's a current year P/E of just 6.25:
Https://investing.thisismoney.co.uk/broker-views/
Absolutely, and deferment of FD decision is a prudent move. I’m a buyer again at this level.
I agree
Like I said I think the results will be good but that is now in the past. The future is extremely uncertain for them and they will burn through a lot of cash to keep trading. They also have £33m of debt as of 31/12/2019 and no doubt this would have increased now...
Reminds me of Utilitywise.who managed to convince investors that cow dung was perfume.
Might all sound good, but there is a large debt lurking in the background .
Https://uk.advfn.com/stock-market/london/inspired-energy-INSE/share-news/Inspired-Energy-PLC-Deferral-of-publication-of-res/82085907
- the Corporate Order Book has increased further since the year end
- no material impact on the core Corporate division, whic is 90% of revenues
- the SME division is only 10% of revenues, and demand reduction has been mitigated anyway by large cost reductions
And an optimistic outlook:
"Whilst we undoubtedly are in a period of economic uncertainty, the Board believes that the Group's profitable and cash generative nature coupled with a strong order book and substantial liquidity at its disposal will see it well placed as the economy emerges from the current period of uncertainty."
I do tend to agree with Observerbill that companies in the energy sector may not be best suited to be AIM Listed, but it is illogical to brand them all as equals. Utilitywise folded because of extraordinary accounting practices, likewise Quindell, but there will always be rogue traders and INSE is not one. The energy sector is too large to ignore, but investors do need to wise up to understand the strengths and weaknesses of their investments in this sector. I know, because I control one of the most successful competitors in the market, not a public company, pulling apart the old regime. Good luck.
To all those people talking up Inspired Energy share price, by all means, if you want to throw your money in the bin, then do so. However, please look at the results of 2 major competitors of Inspired Energy - Inenco and NUS . For the first time in their trading history, both made substantial losses according to their latest accounts. No doubt you will now make something else up to back your continued stance, but facts are facts..this sector is not a good one!
Minded to sell, very agitated that this has suffered a dip above the average in this crisis and the models of income generation discussed below seem precarious in terms of reliance on companies which may shut down being able to pay their energy providers added to how highly geared the organisation is it just keeps screaming red flags ?? ?? ??
All of the above together with the only other similar listed company in this industry collapsing less than a year ago in good market conditions means my money will be going into pharmaceuticals and agriculture.
Too much of a risk to stay in right now- perhaps revisit in 6 months
Again, Bargainhunter, you are of course correct in that if companies fail over the coming months, they will not pay their bills and commission will not be paid either, but please name one AIM listed company which presents a better investment than INSE if your assumption is that all companies are doomed to fail? You have a very blinkered view of the energy supply market, perhaps tainted by UTW and their SME client base, but you do seem to be forgetting the huge and ongoing energy consumption of Local Authorities, Schools, Hospitals, food manufacturers, Supermarkets, and the host of organisations which will certainly be active during this period, many of which are to receive governmental support. Clearly you have a bit of a "downer" on INSE and that is your choice. You are looking for a bargain, hence your name. Good luck with that, in which case simply exit INSE and find a better deal; please just let us all know when you have sold. I gather Hospitality is a bargain right now.....