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A stream of buying from just before 11.00, and buyers are now paying the full 18.5p offer.
Not much stock around it would seem.....
Shore Capital have this morning issued a long Growth Companies sector summary note - it includes this on INSE:
"Valuation thoughts
As the economy recovers from the impact of the Covid pandemic and the consequent impact on energy usage volumes Inspired is trading on a FY2021F PER of 13.2x (EV/EBITDA 9.7x), offering a progressive dividend yield of 1.4%. With recovery out of the pandemic set to emerge, Inspired is poised to benefit, in our view, delivering essential services in energy assurance and optimisation as well as through its emerging ESG based compliance platforms."
New interview with the CEO concentraing primarily on the most recent acquisitions and INSE's buy and build strategy, but there's a bullish concluding paragraph noting potential European expansion and more acquisitions to come:
"Inspired will remain on the acquisition trail. Looking ahead to next year Mark says that the business is likely to set its sights on overseas targets with European expansion in mind. “It’s very much a case of watching this space,” he adds."
Https://www.lancashirebusinessview.co.uk/latest-news-and-features/dealmakers-building-momentum
"Inspired’s chief executive Mark Dickinson describes the latest additions to the group as “highly complementary”, which is vital to its buy-to-build approach.
Organic growth takes a lot of time and one of the best ways to accelerate could be with an appropriate M&A deal
He says: “Both acquisitions increase our market share for energy assurance services, broaden our customer base and significantly increase our units of opportunity.”
Ken Wotton, the respected fund manager at Gresham House has a new podcast available, and is very keen on INSE:
- it's overlooked in terms of their recovering from the impact of COVID-19
- helps companies to buy their energy cheaper and better
- and now optimises the way their activities work by reducing energy consumption
- very ESG-friendly credentials, particularly from their new energy advisory services which provide data analytics and insight to corporates, fund managers etc, who need to demonstrate to investors what they're doing about ESG
- has "great long-term prospects" because of this, and particularly with retail and leisure energy consumption now returning to normality.
He concludes:
"the market hasn't really woken up yet to the double whammy of structural growth and also earnings recovery"
Https://piworld.podbean.com/e/piworld-interview-ken-wottons-investing-principles
Great to see Slater Investments increasing their holdings here - they've bought around another 4m shares, and now hold 51.49m, or 5.3%:
Https://uk.advfn.com/stock-market/london/inspired-energy-INSE/share-news/Inspired-Energy-PLC-Holdings-in-Company/85195307
Why is this not a good sign. Normally when acquisitions are made duplicate roles are identified and structures aligned.. Its actually a good thing. Maybe you need a little bit of education in the synergies from acquisitions
Really? Strange that I can't find any such announcement: Please post details of where you've found this info.
Given that Inspired is continuing to grow by acquiring other companies redundancies are certainly possible, but that would likely be due to job roles overlapping, not a sign of poor company performance. Also I notice that Inspired are actually recruiting at the moment (checkout their career opportunities page https://inspiredenergy.co.uk/careers/ ).
This company has announced redundancies (double digits). Not a good sign, covid must have hit them very hard..
The Government has today announced the UK will speed up targets to cut carbon emissions to 2035 from 2050.
Which will mean lots of opportunities for INSE:
Https://www.bbc.co.uk/news/uk-politics-56807520
Up another 0.5p today, after another large trade of 3m shares at 17p which has presumably cleared the decks.
Friday's late RNS shows that Chelverton UK Equity Growth Fund have bought another 5m shares here - they now have 52.8m shares (up from 47.8m) and own 5.49% of INSE:
Https://www.investegate.co.uk/inspired-energy-plc--inse-/rns/holding-s--in-company/202104091525120319V/
Maybe an RNS coming about those trades?
Enormous selling going on. Anyone know what's happening?
Here's the full Buy tip - should hopefully bring in further interest here:
"Inspired Energy
While investors in Inspired Energy were prepared for the utilities consultant’s 2020 full-year £4.5m pre-tax loss, compared with a £3.1m profit in 2019, the company’s management has taken care to shore up sentiment by reinstating the final dividend to maintain an unchanged payout of 0.22p a share. That sends a signal that last year’s performance was a Covid-blighted blip and all is set fair for continued growth this year and beyond.
Inspired has 3,400 clients, including the NHS, in a market that is still highly fragmented. Mark Dickinson, its chief executive, has been in the energy-saving business since 1996 and has streamlined the company’s strategy by ditching small and mid-sized enterprises. “Looking at the year to date, the business is performing in line with expectations and consistently with our assumptions with respect to the global pandemic. Whilst the risks associated with the pandemic should not be discounted, we are excited by potential for the business to bounce back.” he said.
Inspired is trying to position itself as a consolidator in a £1.7bn market littered with one or two-person consultancies, having bought more than 15 so far. While that may bring hiccups as dead wood is jettisoned and will deliver constant financial challenges, it is heartening that the group’s investors include Gresham House and Fidelity.
ADVICE: Buy"
https://www.thetimes.co.uk/article/calm-restored-bodes-well-for-investors-drsh67hwb
BUY Gulf Keystone Petroleum; BUY Inspired Energy
Subscription only:
https://www.thetimes.co.uk/article/calm-restored-bodes-well-for-investors-drsh67hwb
Shore Capital have updated today. They forecast 1.3p EPS this year, rising to 1.5p EPS next year - with 0.2p and 0.3p dividends respectively.
They conclude:
"Valuation thoughts.
As the economy recovers from the impact of the Covid pandemic, Inspired is trading on a revised FY2021F PER of 13.2x (EV/EBITDA 9.7x), offering a progressive dividend yield of 1.4%. With recovery out of the pandemic set to emerge, Inspired is poised to benefit, in our view, delivering essential services in energy assurance and optimisation as well as through its emerging ESG based compliance platforms"
The results look pretty good considering the pandemic badly affected Energy Optimisation:
- INSE achieved a £6.9m PBT
- £11.6m positive cash generation from operations
- confidently paying a 0.12p dividend
- and the Corporate Order Book increasing again showing great visibility going forward
Encouragingly INSE are already able to say "the Board remains confident of achieving current market expectations" despite optimisation being hit by the Q1 lockdown. From memory those expectations were for 1.3p EPS?
Particularly exciting are (1) the new proprietary software for customers which is "optimising their energy cost equations, quantifying their carbon emissions, and delivering their ESG objectives", and (2) the new ESG Disclosure Services which are already delivering revenues.
PS : I tried to post this earlier, but it doesn't seem to have posted - apologies if it turns up twice!
The results look pretty good considering the pandemic badly affected Energy Optimisation:
- INSE achieved a £6.9m PBT
- £11.6m positive cash generation from operations
- confidently paying a 0.12p dividend
- and the Corporate Order Book increasing again showing great visibility going forward
Encouragingly INSE are already able to say "the Board remains confident of achieving current market expectations" despite optimisation being hit by the Q1 lockdown. From memory those expectations were for 1.3p EPS?
Particularly exciting are (1) the new proprietary software for customers which is "optimising their energy cost equations, quantifying their carbon emissions, and delivering their ESG objectives", and (2) the new ESG Disclosure Services which are already delivering revenues.
Is that you, rivaldo, sweeping up another 3.25m shares?
A terrific finish last night, and already ticking up today. There was some news yesterday, but not enough to account for the rise - though it does highlight INSE's green credentials:
Https://inspiredenergy.co.uk/the-impact-of-covid-19-on-secr-reporting/
"The impact of Covid-19 on SECR reporting
22nd March 2021
As many businesses continue to feel the effects of Covid-19, energy reporting may not always be high on the agenda right now. So when it comes to their latest Streamlined Energy and Carbon Reporting (SECR) deadline, it’s important for eligible businesses to consider and prepare for the ways in which Covid-19 could have impacted their compliance.
All large UK companies and large LLPs, along with all quoted companies, must report on their annual energy use, resulting greenhouse gas emissions, an intensity metric and any energy efficiency actions they have undertaken over the year within their SECR report. Their SECR report must be submitted every year alongside their Directors’ Report, which means that many businesses will be preparing to submit their second SECR report in 2021, following the scheme’s introduction in April 2019.
While SECR was designed to make the energy reporting process easier for businesses, in working with our SECR customers our experts have found that many are finding reporting more difficult this year due to challenges created by the coronavirus pandemic. We want to make SECR compliance simpler for businesses, so we’ve taken a look at the common challenges facing eligible organisations and how they can overcome them.....
....Having external support from energy experts can take the hassle out of achieving SECR compliance. Our SECR specialists can support you with every aspect of the compliance process, from chasing suppliers for energy usage data to backing you up in the boardroom when you’re trying to gain buy-in for your energy efficiency improvements.
We can handle the entire process for you, from start to finish, so that you can concentrate on your core business operations. If you’d like to find out more about how we can support you, head to our SECR services page or call us on 01772 689 250."
Please don't ramp other sticks in here
Wrong board
Hi Nims,
With more and more acquisitions will the bubble burst?
I often ask mysef will the bubble burst?
And what is the end game?
Check these out Yu Energy if your into Energy very good money to be had!
Hi all, you all have put in some great posts to help me understand this company better. Sustainability is a huge thing and will get bigger as more companies start focussing on their ESGs. For me the continuous growth in revenue and asset value makes this a good investment. I have been sitting on the fence for a while with this one but with some good cash ins this year now I have cash to burn.
Good luck all but the fundamentals look good. For me any company that makes over £50m in revenue which I think INSE will hit during covid is a great company. GLA
Have they published 3 or 5 year profit targets?