eEnergy Group Share Price (EAAS)

Company must have had serious leverage to drive HS out and given the related resignations. CFO (hopefully shortly to be CEO) and Harwood may have saved the day here. Seems like they have a strong workforce and are wonderfully positioned so hopefully good times ahead in this environmentally drives company

Something has definitely gone on with Harvey's exit as it is rare for a CEO to leave with immediate effect. I also note that he has waived his 28m options. As these had an exercise price of 0.3p he's waived over £1m.

Looking at accounts over the last few years his total pay was well over £500k in both 2023 and 2024. This appears massively excessive as both years were loss making and the company has significant cashflow issues in 2023 and had to take a very expensive loan to continue trading.

The remuneration committee included Burton, who is stepping down, and the the departing Chair.

I don't think this is a coincidence.

However, as has been said the company has now turned a corner so hopefully it is upwards and onwards from here.

I had thought they were at a key stage in their development. Some great contracts, on numerous panels, good tender team, CFO who knows what he is doing (hope he is confirmed in CEO post) - potential first profit. Very clear serious mistakes made in the past over financials and the sale of the business - also never bought why Luceco sold its stake and the lack of explanation over these sudden departures. As I say as long as nothing sinister to come (obviously some chance of that) then we should be up and away in my view

Some time back they sold a consulting arm of the business with promises of £8-10m cash sums if it hit certain targets following the sale. None were hit and these sums were then written off in the accounts pretty shortly afterwards, and I seem to remember after they had received bonuses for the good work.

They have also consistently won jobs and then failed to deliver the profit, indicating a mis-pricing or lack of experience of how to fully account for all the costs. This resulted in various exceptionals that appear in results, combined with a general lack of clarifying why they were happening, so sapping investor confidence that they had a firm grip on what seemed a very promising potential business.

In short I believe many who have followed the company for a while would put a share price on it of around 15p if they were sitting on the profits generated and the cash receipts indicated.....yet alone some contrition for the various 'disappointments' that seemed to re occur. ..

I'm certainly pleased with the redirection and have kept my holding, but admit I wouldn't have invested in the 1st place if I had known more about the management - you always live and learn!

I wasn’t aware that the CEO & Chairman were an issue and had “cost the company a huge amount of money and goodwill”. What did they do wrong?