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Millie, penstocks figures below is to do with EBITDA not profits.
As you know Ben is just over a year old company and the figures you see on Decemebers RNS would be so different to this year. Cost wise I mean. For example, Ben now owns their equipment however they used to pay contractors for a year which was a continues cost. Their spent was sort of an investment by preparing for much greater production. So going forward their overheads will not be as much as previous year. I think they started to the year really well by shipping 4 trains for the first time in a month. The aim is to get to 6/7 trains shifter per month from Feb once the 2nd HWM in operation
(Sharecast News) - Analysts at Canaccord Genuity made a number of minor changes to its forecasts for eEnergy Group on Friday, stating it was approaching the firm with "cautious optimism" going into 2023.
Canaccord Genuity stated eEnergy continued to see "highly attractive market conditions", with its core offering of energy-efficiency-as-a-service presenting no capital cost to customers, experiencing "strong demand".
However, market changes, most notably to its third-party financing arrangements and lower upfront supplier payments in its energy management business, lead to higher cash consumption in the short term - as demonstrated by the group's issue of secured bonds in November.
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"We are making a number of minor changes, primarily increasing our expected profitability in energy efficiency as eEnergy's book of demand for solar projects (and to a lesser extent EV chargers) increases rapidly, offset by lower growth in its energy management business as switching diminishes in a less competitive environment. We are also removing a non-cash amortisation from our adjusted pre-tax profit and earnings per share, and taking a slightly more cautious view on near-term cash. The net impact is a small EPS upgrade but only marginal changes to our EBITDA forecasts," said Canaccord, which reiterated its 15.0p target price and 'buy' rating on the stock.
"We continue to base our price target on 7.5x June 2024E EV/EBITDA, which we believe is a fair reflection of the risks for what remains a high-growth business with a differentiated business model in a sector experiencing secular growth."
Reporting by Iain Gilbert at Sharecast.com
Does anyone know, if likes of David Harris or Adam Wilson (BOD) buys or sells shares through the market (let's say on one of mobile platforms like we all do), would their transaction register/show as director's deals on this website or elsewhere. Or do they have to announce this as RNS?
Can someone clarify this?
Thanks
I meant 1000% not 100% :)
I bought at peak on 13th January and since then I am down over 50% (-£770).
I suppose as long as I don't sell, i can't say I lost but it's not looking good atm. Not sure what will happen but I may as well hang on and hope that SP will spike again like 100% LOL
That video Banzai LOL :))
I have done my final top-up and brought my average down slightly. It seems that I wasn't the only one as many others done the same today judging from the buys.... All aboard friends whoever is on the same train....I think we passed the bumps on the journey and on the clear now for smooth ending!
Happy weekend everyone!