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Sitandwatch
“ the energy management division was sold to flogas, leaving the original energy services business.”
And being paid £30m+. That is £5m more cash than current MCAP!!
“ I suspect that the BoDs will look to sell this off too as the buy and build strategy employed to scale the business hasn't worked.”
Well, the Energy Services business grew turnover by 87% in the past 12 months, but was constrained, that is to say held back, by the lack of working capital, largely funded by £8m borrowing. Energy Services Division reported revenues of £19.5 million and Adj EBITDA* of £2.3 million, up 87% and 131% respectively on FY 2022, demonstrating significant and growing demand. Expect revenues in the next 12 months to be at least 87% up again, with the increased EBITDA being further enhanced by the £1m that they will save in interest costs.
So, no, it hasn’t failed. Far from it.
“they don't have deep enough pockets to fight an organic growth battle against the lead players in their market.”
They have a usp. They will be the first choice of eco warrior headmasters.
“I could be way off pace however, who knows with this stick”
If you mean, completely wrong, then we can agree on that.
Sheep. That’s the explanation for the share drop. Market makers also have to replace the shares they sold at 8-9p+, and there is only one place to get them.
There is zero chance that the deal won’t be voted through on February 7th, when EAAS will be trading at a substantial discount to cash in the bank, with £1m interest payments being removed going forward, with a cash flow positive business that last year grew at 187%.
Then the sp will be walked up and the sheep will follow again.
1.5tcf. The market is having a laugh.
The Irish Government has enough bad publicity to deal with right now, so not granting this extension would have been justly seen as a further bout of national self harming.
The carbon footprint of the corrib gas is a FRACTION of the carbon footprint of imported gas, so this approval will definitely encourage majors to come forwards.
Very good news!
50dma support.
None of he 6p bond holders cashed in to sell at 9.5p
Market cap almost covered by cash, post sale of Energy Management Division.
“The sale of the Energy Management Division will allow us to focus entirely on our similar sized, high growth Energy Services Division which grew 87% in the past 12 month period despite being undercapitalised. The sale will simplify our business, strengthen our balance sheet and will bring the opportunity to invest further in the higher growth segments of Solar and EV Charging across the UK.“
PBT £1.1 million (FY 2022 Loss Before Tax: £2.2 million). Let’s assume that about one third of that came from the energy services division. You sure still left with a rapidly expanding, profitable business that is trading at around its cash level.
This is a mad valuation.
Billyvalentine
“ A solid set of results in a tough market.”
That sums up LORD precisely. It’s and extremely well run business operating under very tough conditions, but it hit its numbers and STILL managed to deduce debt but £10m.
Market Makers are fleecing PIs, marking LORD down by 3.53%, when buys are 50% greater than sells. It’s not just LORD investors they are pillaging, of course, but they won’t be able to do us over in the medium to long term. LORD is well run, with great free cash flow and a buy and build policy. The market is very fragmented and in the current climate, there will be some distressed businesses for LORD to pick up on the cheap.
Buy and hold, is my stance here. DYOR, obviously.