Member Info for shandypants2

Messaged HL yesterday and got a reply this morning - they are still awaiting receipt of funds and it will be distributed as and when received. No surprise that this has gone to the wire

Yep, strongly expect another PUSU extension, but hopefully with some positive comments re discussions etc.

BTW £1bn is 250p surely as Spire has 400m shares in total.

Unless he has a big mortgage and HP on his car!

But pretty impressive regardless

Panda - wow a £5k divi so you must have c£200k invested. That's a big initial investment. However, a decent entry price - this was 140p a few years ago - so you should do well.

Sorry, that should have read wa nk okid

****okid - not missing the point at all. a contract has to be significant to be rnsed , so as a £50m company surely at least £1m. this is much smaller.

usually companies would wait and combine it with other contracts. to rns by itself suggests to me that no other contracts are close. sometimes you have to read between the lines.

Things are looking more positive re a bid. The 21st March deadline is this Saturday so i would expect a Fri 7am RNS.

Can't see any bid under £1bn being considered and that's c250p a share. Hopefully nearer £3 will be agreed.

HL has cancelled my WG shares from my portfolio so the money usually arrives soon after - hopefully by the end of the day.

Anyone else seen any movement?

I believe most solar panels get made in China. With the Iran conflict i was wondering if this might have an impact on getting supplies. I assume these would all be shipped and currently there doesn't seem to be any delays, although guessing fuel costs will be increasing overall shipping costs.

I then looked at EAAS inventory and was a bit surprised it was zero. However, thinking about it i guess every job will be bespoke so possibly panel sizes will differ etc and will only be bought as and when required.

However, i do wonder if buying only when the contracts are signed will result in EAAS being exposed to higher shipping costs and potentially delays in getting the required supplies on a timely basis.

We could do without any more installation delays etc

PE of 8? It's valued at over £70m and has reported PBT of £5.7m. PE is about 15.

Contract today was very small - a little surprised it was RNSed on its own.

CEO earned £260k in 2024 and only became CEO in the later part of that year so 2025 earning will be a lot higher. She can afford shares, however, as she has over 1 million options there is little incentive to buy on the open market.

A decent Investor Meets presentation yesterday, so hopefully things will slowly start to turn after a massive over reaction.

NAV is c 250p

'up to 14 days', not 14 days. Previously i've received the money via HL quite quickly, so hopefully the same will apply here.

Surprised the SP didn't tick up to 29.5p plus by COB, as this morning you could still make c3% in a week or so even after dealing fees.

Fine with HL. Did similar earlier this week. Have £20k waiting to be invested in my Isa in April so bought more shares for a quick £700 profit.

Did similar last month with my £50k in premium bonds. Invested all in WG for a 15% profit in c 5 or 6 weeks

Does anyone know if Singer, the new broker, has actually released any coverage.

I presumed there would be some to coincide with the annual results, but can't see any, unless they are behind a paywall.

There does seem to be a 315p target price - is this Singer's?

Re other large scale projects coming up (obviously these will be a bit 'lumpy'), Marina Bay Sands is undergoing an US$8 billion expansion, featuring a new fourth tower scheduled for completion by 2030 and opening in early 2031.

Now SNX has the contract for the existing 3 towers, so what is the chance that they will get the contract for the 4th in the next year or so?

Just saying!

Agree Uh-oh, predictable reaction and now looks oversold, but also the comms is very underwhelming.

Why not say some positive things such as a progressive dividend policy and a medium term plan to increase annual revenues to £100m etc. Also 2025 was not only record profits, but these exceeded market expectations - not mentioned.

Instead they focus on the short term bad news, which was already known.

With cash, even accounting for some development spend in 2026 the EV is c£20m which seems very low for a profitable, debt free company.

However, i suspect the market has focus on the single digit EBITDA for 2026 and will move on in the short term.

Under £2 this is a bargain, but can't see any momentum in the SP for some time.

Gaz - your comment re de-risking hasn't aged well !!

It has been confirmed , but at 17p and not the 20p that was previously proposed. This sat at 15p ish for months, despite the offer, and then suddenly moved up to 18p , no doubt on whispers that a deal was being finalised. Some recent investors must have had their fingers burnt as the 17p was a disappointment.

Great news and well done everyone who saw the price disconnect a few months ago - buying a sub 24p in mid Dec was a 25% return.

As i have repeated said the end of H1 2026 date (so 30/6) always had contingency built in and could/should complete much earlier. For once, i was actually right.

Only yesterday someone was suggesting selling some to de-risk - bed wetter.

Sorry to all LTH - this has been so poorly managed

And here is the RNS to confirm the deal