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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eenergy Group Plc | EAAS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.30 | -4.69% | 6.10 | 14:02:40 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.35 | 5.70 | 6.35 | 6.10 | 6.40 |
| Industry Sector |
|---|
| ELECTRONIC & ELECTRICAL EQUIPMENT |
| Top Posts |
|---|
Posted at 26/3/2024 10:55 by daveme Interesting comments in the results of Luceco today. Note, Luceco is a 5% investor in EAAS.In the Outlook section, the CEO says "... the Group is exceedingly well placed for growth through organic and further M&A activity in 2024 ..." and further down in the results it says "As the economy decarbonises it (EAAS) is well positioned to become an increasingly relevant channel in the non‑residentia I wonder if that "co-operation" involves Luceco snapping up EAAS before it gets too big to buy. |
Posted at 08/3/2024 08:29 by sev22 A smart energy firm that could double its revenue.A company that designs energy-efficient projects has secured funding that should drive profits higher. March 5, 2024 by Simon Thompson *New £40mn project funding banking facility *Strong growth forecast Technology-enabled energy services provider eEnergy (EAAS: 7.2p) has secured a £40mn project funding facility with NatWest over 12 years. The group helps organisations achieve their net zero goals by designing, funding and implementing energy-efficient projects. The new facility will be deployed through a newly formed special purpose vehicle owned by eEnergy, which will become the operator and retain ownership in each completed project for public organisations. It gives eEnergy a unique, compliant off-balance-sheet solution for public sector customers, strengthens its competitive position in tendering for large multi-site contracts, lowers cost of capital, and delivers an attractive financial return on the retained project interests. It’s a high-growth business. Analysts at Equity Development forecast a surge in eEnergy’s annualised revenue from £17.5mn (2023) to £30mn (2024), rising to £34mn in 2025. On this basis, expect cash profit (pre-central overheads) of £1.6mn (2023), £3.8mn (2024) and £5.1mn (2025). The transition away from ageing fluorescent light bulbs to energy-efficient LEDs is a key driver and one that is being accelerated by the 2023 ban on new fluorescent light bulbs. Analysts note that up to 20,000 schools have yet to implement the change, representing an addressable market of £1bn. The business is also benefiting from the rapid growth of eSolar projects, which account for 40 per cent of group revenue. Last month, eEnergy sold its fast-growing energy management business to Flogas, a division of support services group DCC (DCC), and should end this year with net cash of £11.3mn. In addition, contingent deferred consideration (payable in two instalments) could add £10mn (capped at £20mn) to the cash pile within 18 months. Effectively, it means the operational business is in the price for £6.9mn as a standalone entity, or 1.8 times 2024 cash profit estimates (pre-central overheads). That’s harsh given that the energy management division was sold on a multiple of 6.5 to 8.5 times forecast 2024 cash profit to enterprise valuation. I suggested buying the shares at the current price in my 2024 Bargain Shares Portfolio, and they continue to rate great value on a deep discount to my sum-of the-parts valuation (14.5-15p). BUY. |
Posted at 01/3/2024 08:40 by parsons4 I think the big advantage is that this is for business in the public sector, in other words supported by government one way or another. There must be a huge demand from schools and other public sector entities for energy saving projects. And valued at £25m EAAS are far too cheap IMHO. |
Posted at 23/2/2024 13:58 by parsons4 This is just another AIM share that most have given up on !!! But some like EAAS have done well,are in a great market with lot's of cash and good management. When AIM starts to recover the good companies will move very quickly IMHO |
Posted at 21/2/2024 15:18 by robsy2 I am fully loaded here but feel that weakness must be a buying opportunity. Let’s see what the revamped EAAS looks like. Right now it is valued like a start-up cash shell yet it has a fast growing profitable business inside it and is run by a resilient management team with a pretty deft touch.They are looking at a lot of opportunity with cash to back up aspirations. |
Posted at 09/2/2024 08:26 by sev22 Bargain Shares 2024: eEnergy's net zero strategy will soon be rewarded.Energy-efficiency-as *Pro-forma cash of £18mn (4.7p) *Energy Services unit potentially worth £30mn *Potential £8mn-£10mn earn-out from recent disposal eEnergy (EAAS) is a technology-enabled energy services provider that helps corporate and public organisations achieve their net zero goals by designing, funding and implementing energy efficient projects. The group has grown quickly since listing on London’s junior market four years ago, buoyed by a combination of organic and acquisitive growth. This has not gone unnoticed. Following several unsolicited approaches, the directors recently announced the sale of its fast-growing energy management business to Flogas, a division of support services group DCC (DCC), for an initial cash consideration of £29.1mn (7.5p a share). Around £4mn of the proceeds will be used to pay off intra-company debt and a further £8.1mn will pay off eEnergy’s borrowing. Joint house broker Canaccord Genuity estimates that the group held £1mn cash on 31 December 2023, so on completion of the disposal, which is subject to shareholder approval, pro-forma net cash of £18mn will back up two-thirds of eEnergy’s market capitalisation of £27.5mn. In addition, there is a valuable earn-out agreement that eEnergy’s directors believe could earn the group a further £8mn-£10mn of contingent cash consideration payable in two instalments later this year and in late 2025. The earn-out is capped at £20mn and is subject to the energy management division delivering an agreed minimum level of earnings. The benefit for eEnergy’s shareholders is that the energy management disposal delivers a potential £39mn total return (including a £10mn earn-out) on the £23.4mn invested in that business since December 2020. The acquirer is paying a multiple of 6.5 to 8.5 times the energy management division’s forecast 2024 cash profit (of £4.6mn) to enterprise valuation. Importantly, it means that eEnergy’s board now has the funding to accelerate growth in its other fast-growing business, energy services. This operation helps clients cut their energy consumption by switching to energy-efficient technologies by way of a capital-free funding model. Turning energy efficiency into a service. Specifically, eEnergy delivers energy reduction solutions by offering clients energy-efficiency-as For instance, energy-efficient LED upgrades to schools remove the barrier of a high upfront capital commitment. Instead, the client pays a service fee that is more than funded by the energy savings made. The initial service contract is for a term of five to seven years, after which the customer continues to access the energy savings without having to pay a fee. By replacing aging lightbulbs with LEDs, customers can reduce energy costs by 80 per cent compared with traditional lighting, a significant saving given that lighting can account for up to half of a school’s electricity bill. The typical school contract is worth £100,000, but it can be several times higher for organisations with multiple sites. In the UK, there are around 25,000 state schools and 2,000 independent schools, suggesting a total addressable market worth billions. eEnergy’s in-house solar PV system solution offers an equally compelling offering for clients by providing them with onsite solar generation at no upfront investment, significant energy savings, and cheaper energy consumption than buying directly from the national grid. A good example is the group’s £3mn contract with West Midlands-based Tudor Grange Academies Trust. eEnergy is providing Tudor with a fully funded 10-year service agreement with no upfront costs for a turnkey energy solution. It will enable its 12 schools to generate 30 per cent of their energy needs and earn additional income exporting any unused energy to the national grid. eEnergy will recognise £1.9mn of revenue for the contract in 2024 and 2025. eSolar projects are a significant growth area, so it’s reassuring to know that the ability of eEnergy to deliver on new contracts is underpinned by off-balance-sheet arrangements with funding partners to finance the capital cost of the projects. It also improves the group’s own working capital position. Energy-efficiency-as The EEaaS offering is not only high-growth, but is profitable. Analysts at Canaccord Genuity estimate that the energy services division’s revenue increased 144 per cent from £9.6mn to £23.5mn from 2021 to 2023, and that annual cash profit more than trebled from £0.9mn to £2.6mn. The last figure is worth noting because it more than covers the group’s estimated central overheads of £1.9mn. Moreover, with analysts predicting that the energy services division's revenue will increase by 25 per cent to £29.5mn in 2024 and by a further 10 per cent to £32.6mn in 2025, cash profit could surge to £4.5mn and £5.4mn, respectively. Central overheads are only expected to rise by £0.2mn in each year to support the rapid growth. Sum-of-the-parts valuations. The point is that if you value the energy services business on a similar rating to the energy management disposal, then it could also be worth £30mn (7.8p) as a standalone entity assuming the board hits analysts’ earnings expectations. That sum is more than eEnergy’s own market capitalisation of £27.5mn. Add to that £18mn (4.6p) of pro-forma net cash and a potential £8mn-£10mn (2-2.5p) earn-out on the energy management disposal, and it’s not difficult to see why Canaccord has a target price of 12p and analysts at research firm Equity Development have a 13p-a-share fair valuation. My sum-of-the-parts valuations are even higher. BUY. |
Posted at 25/1/2024 14:59 by toby hall Although EAAS has been flagged as a short on some sites since 18 January, I wasn’t expecting such a strong sell off. A combination of profit taking and a probable news vacuum, until 07 February.I think we've seen the bottom of it now, more or less, though I’m sure they’d like to test the 50dma, before a gradual rise into the General Meeting. |
Posted at 07/12/2023 15:00 by toby hall SMS was up 42.85% on that news.meanwhile, ADVFN today reports that EAAS triggered a breakout alert. |
Posted at 29/9/2023 21:21 by edmonda Video Presentation - full recording now here!Link: eEnergy Group (AIM: EAAS) directors Harvey Sinclair (Chief Executive Officer) and Crispin Goldsmith (Chief Financial Officer) took investors through: - highlights of the period which included continued strong organic growth - ongoing demand and available capex from the customer base - the focus on improving cash generation and working capital initiatives, - the strategic options to strengthen the balance sheet to support further growth. EAAS is a net zero energy services provider, and this presentation covers its results for the period to 30 June 2023. The full video recording is available to watch at the above link, divided into chapters as below: 0:00:06 Key highlights 0:01:53 Customer Proposition & Revenue Model 0:06:55 Strong Growth Drivers 0:09:52 Financial highlights 0:12:56 Working Capital 0:16:25 Outlook 0:16:48 Summary 0:18:19 Questions & Answers |
Posted at 28/9/2023 09:50 by robsy2 Decent presentation thsi morning on Investor Meet.It has been a difficult 12 months with alot of turmoil and there is still much to do. The loan needs repaying, they are capital light and need more funding to finance the growth opportunities,improv I'm staying put and will buy more on any weakness. Let's see where we are in 12 months time. |
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