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More positive results... Surprised NBP has yet to gain attention...
Have to let her go soon as it's a sea of blue...
The more I'm liking ENTU! A very interesting company... As Always... DYOR!
Entu seeks London listing as it moves into smartphone-controlled energy Tweet Share Share Share by Catherine Neilan October 16, 2014, 9:19am Entu Entu: Solar panel firm looking to move into "smart" energy products (Source: Entu). Energy efficiency group Entu is going public with a listing on Aim as it mulls a move into smartphone-controlled heating and lighting products. The IPO is expected to value the Manchester-based company, which sells solar panels, A-rated windows and boilers and wall insulation, at £65.6m. The equity will be released from selling shareholders and represents half of the company. Entu said although it is not raising new money, the admission to Aim would offer “access to the equity capital markets to support growth, increase awareness of the group in its chosen markets, facilitate management incentivisation and allow all employees to participate in the ownership of the company through a share option plan.” Entu is eyeing new markets, with company directors saying there were “significant opportunities” in low carbon products such as solar photovoltaic installations, and “smart energy control” products, such as smart phone-controlled heating and lighting. Chief executive Ian Blackhurst said: “I am delighted at the level of institutional support we have received. In a highly fragmented market, we believe Entu is unique.” He added: “We see exciting opportunities to grow, by developing our product offering and leveraging our unified brand and website.” In its most recent results, for the six months to April 30, revenues were £57.9m, up from £44m the year before, with earnings of £5.56m, up from £2.75m. Its last full year figures to October 31 2013 show revenues of £95.5m, with an EBITDA of £6.3m. The company directors intend to pay a dividend equal to a yield of eight per cent for the next financial year.
Entu fully booked for IPO: “We’re very profitable and we’ve got a lot of cash” - CEO Ian Blackhurst Tweet Share Share Share by Oliver Smith October 17, 2014, 1:22am Entu chief executive Ian Blackhurst Good companies find backers even in soured markets Energy efficiency and home improvement group Entu is set to float on London’s Alternative Investment Market later this month in a rare fully subscribed debut, valuing the business at £65.6m. Entu, which emerged out of the common ownership of three holding companies HI Sales, JWD Installations and KBC Energy, is tapping into the demand for more energy-efficient households in a time of rising energy prices. “There are 27m homeowners in this country who accept they can’t do much about the pricing set by energy companies, that’s only going in one direction, but they can do something about how much energy they use,” chief executive Ian Blackhurst told City A.M. The wave of consumer interest has driven demand for Entu’s services. The business that historically grew through a number of acquisitions saw revenues jump more than 30 per cent to £57.91m in the six months to 30 April, with profits more than doubling to £5.56m. “There’s a demand for good companies; we’re very profitable and we’ve got a lot of cash. It represents a really good opportunity that most of the investment houses we visited on our roadshow understood,” says Blackhurst. Indeed, through its broker Zeus Capital, Entu has built its book over the past three weeks, with a number of long-term institutional investors holding over five per cent stakes in the firm. It has succeeded in a market where Miller Homes and Aldermore both recently failed to close their books. “In the end good companies float even in a bad market, and this is the perfect example of that. We’ve got it closed and we’ve got long-term shareholders who can weather the storm,” Zeus Capital’s joint chief executive John Goold told City A.M. While the firm is not raising funds from its admission, due on 30 October, its three founding shareholders Blackhurst, finance chief Darren Cornwall and investor Brian Kennedy will each sell half of their holdings in the group selling a combined 50 per cent of the firm. Blackhurst describes his management team as “naturally acquisitive” and in its filing Entu said the admission to Aim would offer “access to the equity capital markets to support growth, increase awareness of the group in its chosen markets, facilitate management incentivisation”. While acquisitions are undoubtedly on the agenda for Entu, the company said it also saw “significant opportunities” in new markets, including mobile-controlled heating and lighting. BEHIND THE DEAL JOHN GOOLD | ZEUS CAPITAL 1 Goold joined Zeus Capital as joint chief executive in
A sea of blue...
Could get really interesting here today! Very few shares on offer and 1st day of trading! As Always... DYOR! GLA!
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Sell was actually a buy...
SS6... If their plan goes well... It could be a game changer for DRG and really turn thing around... Also... Did you notice the tiny market cap and so few shares of offer..? She could really move today on little volume... I think overall... it was a positive Rns... As Always... DYOR before investing.
Sage... Check out my last post...
It could be a game changer... As always... DYOR!
The Board believes that on this basis, the Company is able to meet its financial obligations for at least the next 12 months. However there is no certainty that this strategy can be implemented and this has been raised in the notes to the accounts and the Independent Auditor's report. The strategy outlined above is intended to provide improved scale and investment performance, and your Board will be updating investors in relation to the proposed fundraise and distribution of Atlantic shares in due course.
Ans potentially very positive Rns...
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Ouch!
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