Plenty of buys marked up as sells today,few more and we may tick up. |
Can I strongly recommend contributors to this board take the time to watch the webinar available now on Investors Meet site. I have just done so and am buzzing. Harvey was oozing confidence and the outlook and potential growth story here is now beginning to take shape. FY 25 will be our breakout phase and sooner or later (I think sooner) the market will wake up to this opportunity. EMD disposal details due Jan 26 but apart from that looking like a lot of gravy getting ready to flow. I am topping at these levels...they will not last AIMHO. |
Impressive tech. The webinar is now available on the investors meet site. About to listen and hopefully hear some good news. |
 In the analysis and investment recommendation from Simon Thompson at the Investors Chronicle below, the House Broker is forecasting revenue of £28m in 2025.
In the presentation this morning the CEO indicated that they could surpass this, especially with the current pipeline of business.
This tech-cum-energy stock could double in value.
It delivered record performance in 2024 and a strong order book supports bumper profits this year.
Published on January 30, 2025
by Simon Thompson
*Record second half trading performance
*Momentum has continued into the new financial year
*Share price rallies 14 per cent
Technology-enabled energy services provider eEnergy (EAAS: 4.75p) has doubled revenue to £21.1mn in the second half of 2024 and expects to report an underlying cash profit of £2.4mn for the six months. Backed by a £7mn contracted order book, the positive momentum has continued into the new financial year, too.
Importantly, eEnergy ended the year strongly, signing a £1mn contract with Newcastle College to deliver a full LED lighting conversion across 10 buildings in Newcastle and Carlisle. In addition, the group was appointed to the NHS Commercial Solutions Sustainable Estates Framework Agreement. It means eEnergy is in a prime position to assist NHS Trusts in lowering their energy bills and reducing their environmental impact. Specifically, the group helps organisations achieve their net zero goals by designing, funding and implementing energy-efficient projects (solar, electric vehicle charging and energy-efficient lighting).
The return to growth has been well received by investors after trading in the first half of 2024 was hampered by a weak balance sheet and exacerbated by weak market conditions. Lower energy prices and higher costs of finance led to lengthened customer decision-making cycles, culminating in a delay in contract signings. As a result eEnergy only reported first half revenue of £6mn. However, the disposal of its energy management division significantly strengthened the group’s financial position and the group closed the year with cash of £2.3mn and a debt-free balance sheet.
Positive tailwinds driving demand.
The Labour government’s pledge to drive net-zero more actively as one of its levers for growth is a major positive for eEnergy given that the public sector will lead this activity. Given the constraints on public finances, government-backed clients are signing up for more flexible financing arrangements, which enables them to adopt eEnergy’s products and services with no upfront capital expenditure. It’s a win-win, for the public purse, the environment and the company, too.
For the year ahead, house broker Canaccord Genuity is forecasting revenue of £28mn, cash profit of £3mn, pre-tax profit of £2.6mn, earnings per share (EPS) of 0.4p and a doubling of net cash to £4.6mn (1.2p). Canaccord pencils in £6mn of contingent deferred consideration from the energy management disposal, split equally in the 2025 and 2026 financial years, hence why it expects net cash to rise sharply to £8.1mn (2.1p) in 2026. Given the cash build, the £18mn market capitalisation company’s operational business will be in the price for only 5.5 times current year operating profit forecasts of £2.5mn by the year-end, a multiple that drops to 2.5 times next year assuming eEnergy can ramp up operating profit to £3.9mn, as Canaccord predict.
So, although the shares are trading below the 7.15p suggested entry level in my 2024 Bargain Shares Portfolio, the improving growth trajectory and 60 per cent discount to analysts’ 12p a share sum-of the-parts valuations highlight the chronic undervaluation and material re-rating potential. BUY. |
Unfortunately I was busy and could not see it. Any mention of EMD disposal amount due |
Just watched the presentation. I was particularly impressed with the new FD, he will certainly control Harvey and enable the business to grow PROFITABLY. Happy with my investment here. GLA |
cf456 don't get technical with me,lol. |
It's not really down that much though is it. Just looks that way because of the 5.1 UT on Friday when the spread was 4.7-5.0.
The mid then was 4.85. Mid now with spread of 4.6-5.1 is also 4.85. |
Down 5% on virtually no buys and a 10% spread,MM's trying to put buyers off,I wonder why. |
Same play against loads of buys no share price movement |
The investor meet tomorrow should generate more interest and we are due news of the cash payment from Flogas soon. Think things are looking up at last! DYOR |
I hope so
Volume was excellent on Friday so hopefully that will continue with more positive news |
Hopefully you will be selling in double figures. |
Let’s see my last buy was at 4.05p 15/1
2 weeks ago |
Well barnes4 a lot of companies are valued on forward looking profits and deals and this has certainly got a heck of a lot of catching up to get anywhere near true value,up we are going, definitely. |
I hope you’re right
Friday was a weird one for sure as like yourself I was watching like a hawk |
Still a large buy paid at a premium, also it was the second of the day,the other £20K was also paid at a premium,i am expecting this to keep rising as investors can see how low to earnings and orders the market cap is. |
Not sure I would read too much into that bri15.
The trades data appears to show that someone paid 5.25p for an above normal market sized purchase of 380k shares. It is though only around £20k. |
No idea. But the whole market is rigged and not in our favour |
How did someone pay 5.25 for £20K and Ask stayed at 5? hopefully it will rise first thing Monday to 5.25 then really take off. |
I said there were buys been worked and there certainly was,roll on Monday and a big rise. |
Then they moved it?? |
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