Eaga Share Discussion Threads

[nick rubens] 02/8/2010 12:56

EAGA looks good value I agree but:

Recent trading update from EAGA

"Home energy services company Eaga PLC (EAGA.LN) Thursday said the U.K. government's review of public spending is leading to delays in contracts."

And The Green Deal highlighted above

quote :

"Energy companies will pay the upfront costs of insulation for U.K. households, who will then pay back the costs gradually in their utility bills, he said."


It's not quite the same as Government Funded unfortunately.

[welsheagle] 24/6/2010 19:27

Collins Stewart, Brewin Dolphin, and Panmure Gordon all recommended Eaga as a 'Buy' today, with target prices of 170p to 175p.

[shauney2] 24/6/2010 11:10

Could be good news for Eaga
Just announced by the climate change secretary Chris Huhne who has been under a cloud himself this week;-)

[welsheagle] 14/6/2010 19:45

Liberum Capital upgraded their recommendation to 'Buy' today, with a target price of 135p.

[hazelton] 31/5/2010 20:42

Its also go a lot of short term debt and a fair bit of intangibles in the balance sheet which do not help. The last 3 director 'buys' on RNS were not that significant. Two directors bought about a year ago at the current sort of price. I'm interested but just watching at the moment.

[welsheagle] 31/5/2010 19:38

From May's 'Company Refs', when price was 134p:-
a/ Prospective PE ratio of 8.72 (based on six broker forecasts, one recommending 'Neutal', and five recommending 'Buy').
b/ Forecast growth in eps of around 8.47%.
c/ Dividend of 3.12%.
d/ Two Directors buying recently.
e/ Net asset value per share of 51.3p.
f/ Net cash per share of 12.6p.
g/ Price to sales ratio of 0.45.
h/ Turnover up from 257m to 739m in last five years.
i/ Positive cash flow per share of 14.9p.

[chector177] 25/5/2010 11:29

I'm out for a loss, can't see eaga benefitting from goverenment spending cuts

[welsheagle] 15/5/2010 18:30

Panmure Gordon have again reiterated their 'Buy' recommendation, with a target price of 175p.

[ukinvestor220] 13/5/2010 16:17

should be an EOY update here any time - id prefer to wait till then. Whats the betting thjere is some slippage on those Solar deals

[simon gordon] 15/4/2010 14:52

Eaga have basically gone nowhere since flotation. Doesn't look like that they will force 200p for quite some time, if ever. Margins are tight due to tough competition, growth opportunities are not exactly bumper.

The latest crop of newly listed shares on the FTSE 250 look far more dynamic: SGP and CPP, for example.

EAGA listed at about the same time as XCH, both have gone sideways to down. Out of the two I think XCH looks to have more upside potential as its a global facing business, whilst EAGA are stuck with a client who is basically skint.

Good fortune.

[5dally] 15/4/2010 14:37

Same here Orient :-)

[0rient] 15/4/2010 14:30

lol...its pretty much unanimous as a strong buy ;-)

I've bought a few today and will keep buying on any weakness

15-Apr-10 Panmure Gordon Buy 0.000p 175.00p - Reiteration
28-Jan-10 Brewin Dolphin Buy 140.90p 195.00p - Reiteration
25-Jan-10 Panmure Gordon Buy 141.80p 175.00p - Reiteration
07-Dec-09 Panmure Gordon Buy 136.50p 175.00p - Reiteration
21-Oct-09 Collins Stewart Buy 152.30p 170.00p - Reiteration
14-Oct-09 Panmure Gordon Buy 143.90p 175.00p - Reiteration
02-Sep-09 Collins Stewart Buy 129.50p 150.00p - Reiteration
28-Aug-09 Panmure Gordon Buy 128.80p 175.00p - Reiteration
25-Aug-09 Collins Stewart Buy 125.00p - - Reiteration
23-Jan-09 Panmure Gordon Buy 140.50p 175.00p - Reiteration

[phatprofit] 15/4/2010 13:03

looking to recover the morn losses, move above 140 saught.



P

[shauney2] 15/4/2010 09:04

In line really. Some instalations have slowed. Won't do much for the share price for now but future tie ins with energy or social housing look on the cards.

[18bt] 15/4/2010 07:59

Update solid. Slight flag that there will be a small P/L hit from investment in solar this year, but that should create a big new recurring revenue stream in the future from the power sales. That will increase the symbiotic nature of their raltionship with the energy producers. I see more synergy with one of the social housing experts like Connaught than with the energy suppliers.

[phatprofit] 15/4/2010 07:45

update seems fine to me. Would be amazed if we sold off to this statement.




P

[rmb29] 14/4/2010 21:22

Glad I read this thread, I'm going to hold off now on this one I think.

[phatprofit] 14/4/2010 15:40

nice one shauney, thx


P

[shauney2] 14/4/2010 15:15

Yes you are right PP.

I see Centrica have just bought an insulation company. EAGA do the same thing and more. What a great fit they would be for any of the major power providers.

Thats the rumour officially started;-)This needs something to kick start it.

[phatprofit] 14/4/2010 13:17

am i right in assuming we have an update due tommorrow ??

tia



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[shauney2] 08/4/2010 16:33

Nice up day today. Been chasing these down for a week or so.Not the thing to do but you have to back your own judgement and go for it occasionally.

[5dally] 06/4/2010 12:58

eaga powers ahead with £14m contract
Jan 8 2010 by Iain Laing, The Journal

1 2 next
GREEN services giant eaga has won work believed to be worth in excess of £14m to help power generator Drax meet new Government energy efficiency targets.

The Newcastle company, best known for managing the Warm Front scheme, was chosen by Drax Power to be its exclusive partner to deliver the new Community Energy Saving Programme (CESP).

The CESP scheme is targeting lower income homes to help them improve energy efficiency and permanently reduce fuel bills. It is the first time the power generators have been obliged to help households cut fuel use and is similar to the Government's Carbon Emission Reduction Target (CERT) obligations issued to energy suppliers.

Eaga, which has already won outsourced CERT work from a number of power suppliers, will work with Drax to identify communities of up to 600 homes which are eligible for help. Practically, this will be in the form of improvements such as wall insulation and modern central heating systems.

Eaga chief executive Drew Johnson said: "We look forward to working with them and the relevant local authorities and housing associations involved, to ensure the communities selected receive the maximum help possible; both to cut carbon emissions and save money on their fuel bills.

"This is one of the first examples of CESP being put into practice and Drax has clearly taken a highly pro-active approach. Our experience and delivery capacity of large-scale energy efficiency programmes makes us an ideal partner."

[5dally] 06/4/2010 12:57

Tue, 2nd Feb 2010 04:27

Financial Times

SUBSIDIES SET TO SPUR CLEAN ENERGY BOOM

The clean energy sector is preparing for a boom in demand - after the details of a Government subsidy scheme were set out on Monday. The 'clean energy cashback scheme' will provide more generous than expected incentives, making payments to owners of microgeneration equipment even if they only generate enough power for their own domestic needs without exporting energy to the grid. The UK microgeneration industry, which has lagged behind countries such as Germany, has welcomed the new scheme

[shauney2] 01/4/2010 08:41

2 to 1 in favour of buys yesterday.Lots of ATs.
Trading statement 14/4 will move these back up.