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doh, I should do the maths against the number of shares sold: 33,725,000 and 35,481,173 against 962m shares in issue (according to LSE fundamentals page). So that's 3.5% and 3.7% resp.
Well spotted - so £8m set against a market capitalisation of about £120m - about 6.6% of the company's shares (unless £4m sold, £4m bought, in which case 3.3%). Either way big stock changes for INSE, is Gresham House buying again as rivaldo noted? Seems like INSE's a good place to be right now: It feels oversold, and the economy is likely to revive as vaccines come on-stream so the company can get back to normal service... and now this major shareholder activity, possibly just adjusting portfolios, but also the chance of a premium if this is leading up to a bid.
2 deals at 4m today which i would say are buys
20% now , building up for a bid???
I think you have your answer there, NotBot, in today's RNS.
Good signs all round and I hope to see a little more blue action here today.
PS Glad to see you're still knocking around, rivaldo, and, as ever, with useful info
Yes - Íve just bought in here today, as Gresham´s increaased interest has highlighted this company, which has been on my ticker for a couple of years. The company is looking a bit oversold imo. Fingers crossed.
Gresham House have now increased further to 19.8%, or 190.2m shares.
That means they've bought another 8.5m shares in the last week since their last disclosure:
Https://www.investegate.co.uk/inspired-energy-plc--inse-/rns/holding-s--in-company/202011110748309600E/
I see there were 2 large trades yesterday, each of approaching 1% of INSE's market cap (no idea if they're buys, sells or one of each). Quite a contrast from the typical < £5k trades; also interesting that a typical day's trading seems to have about a dozen (small) trades at the moment which feels very quiet. I wonder if there will be a "Holding in Company" RNS on Monday...
05-Nov-20 16:53:40 11.00 8,500,000 Unknown* 10.50 11.50 935.00k O
05-Nov-20 16:53:19 11.00 12,960,852 Unknown* 10.50 11.50 1m O
As our resident guru round here, I wonder if you (rivaldo) have any thoughts on what's been driving the recent drop in sp (over and above any concerns which covid might bring...although I'm not even convinced that's a particualrly reasonable answer explainaing the current sp).
Looks like a big seller finally out of the way. Hopefully move onwards and upwards now!
Gone very quiet here since last month's results.
Normally rivaldo chips in with some useful finds but seems that there's not much action here just now. I suppose we await some more acquisition activity next? Either way, still seems a decent investment with an sp that seems, let's say, discounted.
This share is performing terribly. Leadership need you pull thier finger out and create value like they are paid to do...create value in share price...or move on. Ignore any ramping or bull the dismal share price says it all
So this morning's RNS explains half of the 17 million trades last Thursday. Premier Miton selling 10% of their holding. Still a big player, though.
INSE are featured in this new report on how energy data optimisation can hugely benefit businesses:
Https://www.edie.net/news/6/edie-launches-new-business-guide-on-energy-data-optimisation/
"edie launches new business guide on energy data optimisation
edie has today (9 September) published a new report outlining all the key considerations, challenges and benefits to investing in energy data optimisation to assist with low-carbon strategies.
Research suggests that “simple” measures such as installing energy-efficient lighting and better heating management could create more than £45m in energy cost savings across 4,150 analysed sites.
In addition, edie surveys have revealed that energy managers are hoping to focus on data optimisation and smart technologies such as Artificial Intelligence to accelerate low-carbon plans.
But energy data optimisation offers a lot of different options for business. What is energy data optimisation? Why should a business optimise its energy data? What are the costs and challenges of energy data optimisation? This new edie Explains guide answers everything you need to know about the topic.
Energy data optimisation is a complicated topic. However, in layman’s terms, it is about how an organisation can make the most of the energy data it has so that it can understand exactly how much energy it is consuming and identify where it can make improvements in usage and efficiency.
However, there is a multitude of considerations that businesses must explore when looking at energy optimisation. This free-to-download guide, sponsored by Inspired Energy, offers best-practice advice on how to reap the benefits of energy data optimisation.
The report features an expert viewpoint from Inspired Energy’s optimisation manager Daniel Crowe on how the topic can assist with the wider net-zero transition.
“While the nuts and bolts of metering and energy management are nothing new, it feels like there has been a resurgence in attention on energy data availability and quality,” Crowe states in the guide. “This is no surprise considering the combined drivers of an impending recession, mandatory schemes driving data collection at a company level (ESOS, SECR) and the rocketing interest in net-zero carbon targets.
“At Inspired Energy, we are strong advocates of simplifying- and where possible automating - data collection and reporting. Supporting the use of automatic meters wherever possible, to get all your data into one system and start generating the maximum value from the data you already collect.”
Overly gloomy outlook, moneyspider?
You can't have it both ways. If we go into another lockdown you're implying a smaller sized market. If so, why would start a business in a declining market. Very high risk especially if you have little market credibility.
Even if the market is bottoming out prior to a later upturn (which is where I actually think we are as we will defeat this virus ultimately) then, again, it would be very difficult for a start-up to break into the market with no track record and no critical mass to offer lower cost.
Yes some chunky trades. Think that the confidence that we might go into a second lockdown seems to be increasing which will have a large effect on the corporate market segment. Also really think that there is an opportunity from start up's to offer competing services at a lower cost. Tough times ahead for a while, difficult to value the business.
Yep - nice to see the price tick up on those huge volumes today - 17.4m shares traded already.
Some pretty chunky trades in the last couple of hours. Someone increasing their stake or someone dumping shares?
Must be an RNS due, surely, this afternoon or tomorrow morning?
New interview with the CEO:
Https://www.proactiveinvestors.co.uk/companies/news/928651/inspired-energy-to-continue-to-deliver--double-digit-organic-growth-engine--928651.html
- after buying the remainder of Ignite INSE have another £21m to deploy in H2 this year, probably to be utilised in three to five transactions/acquisitions
- INSE's market share for assurance services would then increase from 13% to 20%
- reinstatement of dividend is evidence of confidence going forward
- increased demand for zero-carbon and INSE's ESG initiatives
Given the appalling commercial damage caused by COVID 19 and markets still trading far below pre-COVID levels, together with energy consumption dropping so dramatically that oil could not be given away (remember those days..?) the Half Year results from INSE have held up remarkably well. Combined with a successful placing adding strength to the balance sheet, the fundamentals are strong indeed, certainly the basis for future acquisition and profit.
My thoughts too, rivaldo. A little underwhelming but then quite acceptable given the challenging economic times we're in.
Nice to see the return of the dividend
Also, like you, nice to see the balance sheet shored up along with the positive outlook going forward.
I've run out funds for a top up but not for selling either at these levels.
PS you still in OPG, rivaldo? I've been increasing my holding there, hence lack of funds to throw any more in here. For fear of sounding all rampy, OPG does seem a little oversold to me.....
Decent H1 results given the pandemic - 0.66p EPS in a severely affected H1, with trading now improving fast and the Balance Sheet much strengthened after the recent placing and completed acquisition of Ignite.
INSE have two major growth opportunities in (1) the cross-selling of Ignite and (2) ESG/zero-carbon services. Once these start to kick in there should be a transformation of revenues and profitability.
Meanwhile, it's good to read that trading is currently in line, and that COVID-led disruption may accelerate INSE's opportunities:
"Trading remains in line with the Board's expectations and the Board believe the Group is well positioned to take advantage of the acquisitive growth opportunities that continue to exist for Inspired Energy and which may be accelerated by the disruption caused to its markets in 2020 by the COVID-19 pandemic."
Great to see little ol' INSE newly tipped by Richard Penny in Money Week as a "bargain basement" stock - he's an extremely well regarded fund manager, now at the TM Crux UK Special Situations Fund:
Https://moneyweek.com/investments/stocks-and-shares/share-tips/601840/three-uk-stocks-from-the-bargain-basement
"An energy consultancy charging ahead
Inspired Energy (Aim: INSE), an energy consultancy, has an excellent record of helping firms find the best deals from energy utilities. Recently it has started to help firms save energy as well, a market that is twice the size. This should lead to faster growth and stronger relationships with customers; it will also burnish its green credentials. It boasts a financial record of steady growth and good margins, and the shares are very modestly valued. With growth accelerating and a growing interest in environmental stocks, we think Inspired Energy should do well in years to come."
I was thinking a big order must be being filed, rivaldo. Yesterday saw a series of apparent sells, yet the sp ticked up. Looked to me like someone was buying behind the scenes but wtfdik........?
As you say, though, nice to see it ticking up again.
Strong early move up today - and on very low reported volumes too, suggesting that stock is scarce.