RE: Eaas on fire27 Jul 2023 11:24
I think EAAS learned the lesson from last year, not to overtrade. To increase revenue by 50% to £33m, but still be slightly up on cash, makes that clear to me.
And they will increase revenue in the next 6 months, which is why they hired another 30 staff.
They won’t have any problems arranging finance. Every finance company wants to up its ESG credentials by lending towards net zero.
“ eEnergy (AIM: EAAS), the net zero energy services provider, is pleased to announce that the Group has entered into a new €5 million two-year project funding facility (the "Facility") with Solas Capital to finance LED lighting projects in Ireland.
This facility replaces previous project funding arrangements in Ireland and gives greater certainty on funding eligible lighting projects at similar costs of capital.”
Back up to 10p soon enough. Zak Mir should be putting this on his BBH podcast.
Very relaxed with this.