Member Info for shandypants2

Detector, what a strange fish you are! If you've sold out for a decent profit, well done.

However, for about the last month you've been posting negative comments re WG as if to justify to yourself your decision to sale - a bit prematurely IMHO.

Your last post 'boosts' that your profits are now earning interest - so you are earning a max of 4.5% p.a.

You also don't seem to post on any other board so maybe trading is not for you.

I'll wait here a bit longer as until it gets to c29p there is a lot of additional profit to be made. At 29p opportunity cost kicks in.

Enjoy a pint at spoons - anybody who 'boosts' about drinking there is a little strange in my book.

It needs to hit it's own targets. If 2026 revenue and EBITDA is achieved, and both seem conservative IMHO, then the broker forecast of 12p, below, doesn't seem unreasonable.

Canaccord Genuity 26/01/2026

Valuation: retain 12p target and BUY

We continue to see eEnergy as an attractive business, with notably improving operational results, steadily improving cash controls, and a product that is highly attractive in an environment of continued elevated electricity prices. We base our target on 8.5x 2026E EV/EBITDA for the operations, less 2.0x 2026E EV/EBITDA for the corporate overhead. At our 12p target the stock would trade at 1.4x 2026E EV/sales, 10/8x 2026/7E EV/EBITDA, and 24/16x 2026/7E P/E, multiples we see as undemanding given the growth trajectory.

Detector - 6 months in a high interest account is c2%. If you bought today at 26.5p that's a 13% uplift for maybe a 4 month wait. Still a no brainer.

Well 11% actually - 3/27p, but i get your point. Still good for a few months though. Notice Schroders takeover announced today - less than 4% discount to takeover price.

Buzz as NAV is 25p (when SP was 15p) the extra 3p definitely hasn't been priced in IMHO.

Potential for extra revenues is also being ignored - even say a 10% estimate would see this 30p plus.

Yes, hopefully this will help build momentum.

Hitting £20m rev in H1 2026, as guided, should see this re-rate.

Monday 7am RNS is my guess. No need to panic this will go through.

I think he means H1 as that is what has been formally documented. However, this will have some contingency build in so hopefully April/May is more realistic.

In terms of being in a rush, responses to formal newspaper adverts were permissible up to 9th Feb, yesterday, so whilst this is a tick box exercise it needs to be adhered to.

Now this date has passed i'm hoping for an update this week

Sorry £3.1m arrives on 27th Feb not 17th! Only an extra 10 days to wait

MDAI has a new CEO. On paper looks a decent recruit.

I suspect this is in preparation of a successful FDA decision

Not directly related to EAAS but it does show that solar will from a core part of the UKs energy mix going forward and this can only benefit EAAS is the longer term

https://www.bbc.co.uk/news/articles/cp85n416n3vo

Nice to see the recent activity and SP tick up - still undervalued as net assets are 25p a share and load sof opportunity for additional payments etc.

Don't forget over £3m will be received next week, 17th Feb as part of the licence sale last year. This is not on the balance sheet yet so is essentially another 2p plus to the SP

Agree SUFC. Just bought another 110k shares this morning as this represents a 14% return in less than 5 months, despite already having 500k at less than 24p average.

Notice Beazley has just announced a takeover by Zurich. Price has moved up to a 7% discount, half of the WG discount.

As WG has formally announced, takeover adverts were placed in newspapers by 19/1 and deadline for responding is 9/2. Once this has passed i'm expecting some news on progress / potential court date etc.

This should see a tick up in the SP

Is it cheap? Has never made a profit - EBITDA is misleading for any company that has leases and debt.

Revolution had over £100m revenue and made EBITDA but never enough to cover the interest payments so ultimately they went bust.

Not saying XPF will go bust, but BOOM is meant to be the growth driver and it is not growing.

Have to say some of the store locations are a little baffling IMHO. In Manchester Arndale Centre there are 2 CARD shops, within about 50 yards of each other. Surely one of these should be closed.

Good to see FP ad on TV yesterday. Hopefully online can get some momentum going as this is a untapped sales channel for CARD

Yep, ads in specific newspapers by 19th Jan (done) then c 2 weeks to allow for responses - last day 9th Feb.

So i hoping/expecting an update some time next week

Bizarre price action today - was expecting a double digit % decline, which did happen early on, but it has reversed and is now up.

As this is a profit warning, not sure why people are buying.

For a few years i thought Boom Bars would provide most of the growth and Escape was a smaller but steady earner.

I think XPF has done well to keep Escape margins high and by changing the offerings regularly they are attracting repeat customers.

Boom is proving more difficult. I do think the games are pretty basic and other than axe throwing are pretty standard. Not sure if people will return more than once.

The gross profit margin at 18% has remain stubbornly low, and i was expecting it to start climbing towards Escape's 42% as new bars start becoming embedded.

Yes, poor response but also pretty inevitable. Once the 400p was rejected it was obvious the Board would not change their stance.

They now have a lot to prove to get the company SP to reflect what they think the valuation should be.

Been out today so catching up. Quite happy overall with this RNS as it's performed better in H2 than i was expecting and CEO seems more optimistic re 2026.

My thoughts on the cash burn discussion. It is a concern - £9m reduction in H2 (23.3 on 30/6, 14.3 on 31/12) and both purchases were made in H1.

The cash figure includes deposits for future contracts so when the contract gets completed and paid for only say 75% is received as 25% was previously paid. So despite being EBITDA positive in H2 cash is definitely not. At H1 the accounts show we had £12m in deferred income - so income we have received in advance but not yet 'earned', so the cash payment is offset by a trade payables amount, equal and opposite.

IMHO net current assets is often a better figure to use rather than cash - at H1 it was c£16m (net current assets 42m, net current liabilities £26m), so £7m less than the £23m cash figure reported.

Forensic - the Board do not believe the current offer reflects a fair value for shareholders and therefore have refused DD. Therefore they believe they have satisfied all fiduciary duties.

I'd be surprised if much changes in the next few days, but happy to be proved wrong.